Lloyds Banking Share Discussion Threads

[jordaggy] 26/4/2024 14:26

Presumably, if interest rates stay higher for longer, the hedge benefits us/lloyds better. Who takes the hit on the hedge? BoE?

[jordaggy] 26/4/2024 12:55

Thanks guys, excellent unexpected or anticipated (by me) windfalls coming to a bank close to our hearts.

[clemo69] 26/4/2024 12:53

If the economy is anything like what we are in now or better in 2026 Lloyds earnings are going to be huge. They have a significant roll off of hedges then that are earning near zero.

[marktime1231] 26/4/2024 12:28

From the interim statement

"The Group manages the risk to earnings and capital from movements in interest rates by hedging the net liabilities which are stable or less sensitive to movements in rates. The notional balance of the sterling structural hedge was £244 billion (31 December 2023: £247 billion) with a weighted average duration of approximately three and a half years (31 December 2023: approximately three and a half years). The Group continues to expect a modest reduction in the notional balance during 2024, inclusive of the reduction in the first quarter, with balances stabilising over the course of the year.

The Group generated c.£1.0 billion of total income from sterling structural hedge balances in the first three months of 2024, representing material growth over the prior year (three months to 31 March 2023: £0.8 billion). The Group continues to expect sterling structural hedge earnings in 2024 to be c.£0.7 billion higher than in 2023."

[arja] 26/4/2024 11:51

take note of comments from a man who is far more intelligent nad sensible than you will ever be . Happily we are leaving brexit England in a month :) . your chance to retire and live in a sunny climate in southern Europe has been taken from you by brexit or did you not realise that ? FOM is a clue !


hxxps://www.msn.com/en-gb/news/uknews/brexiteers-destroyed-britain-s-future-says-former-bank-of-england-governor/ar-AA1nEcKq?ocid=msedgdhp&pc=HCTS&cvid=f830d2b142454967a36d595d7a43fae4&ei=22

[smurfy2001] 26/4/2024 11:43

Kiss they have.

smurfy2001 - 24 Apr 2024 - 12:38:49 - 28605 of 28627 Lloyds Bank (LLOY) 'On Topic only' - Thread - LLOY

Natwest wants to kiss 300p.
Barclays wants to kiss 200p.

[clemo69] 26/4/2024 11:41

The £244 billion structural hedge is going to be a significant tailwind here the next few years. Surprised more people haven't picked up on it.

[geckotheglorious] 26/4/2024 10:47

Scruff.

Robin, the hooded man... :)


This one right?

[jordaggy] 26/4/2024 10:41

I'm in both camps H1, though I would still hold even if my break even price is reached. Good thing about SIPPs is that you can pass them on to loved ones.

[chinese investor] 26/4/2024 10:34

6p to 58p then I SELL !

[hardup1] 26/4/2024 10:23

Makes sense jordaggy. On the flip side I think there are also many here who are demoralised having been trapped here for many years nursing a paper loss who are hoping the share price rises quickly to reach their break even price so they can get out, which is understandable.

[jordaggy] 26/4/2024 09:31

I'm hoping for a small dip in share price so the buy back is around 4 billion shares, then another 4 billion next year. Divi should rise to around 4p.

[casabella2] 26/4/2024 09:20

Sister in law died end of last year so brother in law is selling their house in Spain. Because it is in both names he has had to pay 5,000 euro to take her name off the ownership of the property so he can sell it because he has inherited his wife's share of the property he owns.

[utrickytrees] 26/4/2024 09:17

Six months is a result took my lad 12.

[utrickytrees] 26/4/2024 09:15

Ears are embellishments Scruff they're not essential for paying income tax.

[casabella2] 26/4/2024 09:14

Love it scruff.