28/04/2016 20:49:11 Cookie Policy +44 (0) 207 0700 961 Free Membership Login
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.14p -1.65% 68.11p 68.02p 68.04p 68.48p 66.09p 66.42p 237,558,134 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 23,150.0 1,644.0 0.8 85.1 48,612.65

Lloyds Share Discussion Threads

Showing 309701 to 309724 of 309725 messages
Chat Pages: 12389  12388  12387  12386  12385  12384  12383  12382  12381  12380  12379  12378  Older
DateSubjectAuthorDiscuss
28/4/2016
17:33
MRF fyi- The 2015 Report & Accounts states: "The remaining issued Enhanced Capital Notes (ECNs) were not taken into account for the purposes of core capital in the PRA stress tests and the Group has determined that a Capital Disqualification Event (CDE), as defined in the conditions of the ECNs, has occurred. This determination was confirmed by a unanimous decision by the Court of Appeal on 10 December 2015 and on 29 January 2016 the Group announced the redemption of certain series of ECNs using the Regulatory Call Right. The Group also launched Tender Offers for the remaining series of ECNs on 29 January 2016 and subsequent to completion of such offers, the Group has announced that it will redeem those ECNs not validly tendered using the Regulatory Call Right. The Tender Offers and process for redemption of the ECNs not validly tendered by the noteholders will be completed before the end of the first quarter with an estimated cost of £0.7 billion. The Group is aware that the Trustee has been granted leave by the Supreme Court to appeal the Court of Appeal decision. In the event that the Supreme Court were to determine that a CDE had not occurred, the Group would compensate fairly the holders of the ECNs whose securities are redeemed using the Regulatory Call Right for losses suffered as a result of early redemption.
ianood
28/4/2016
17:18
"Lloyds made an underlying profit of £2.05 billion in the three months to March, down 6% but still better than consensus forecasts" so why the drop dont get it .
uncle arthur
28/4/2016
15:33
MRF - regardless of when and why issued, perps and pibs are subordinated and get rewarded accordingly. You take a higher risk for a greater return.
ianood
28/4/2016
15:28
I guess some traders made some money out of Lloy over the last couple of days. share price up to 70p on Tues. Down to c.65p this am. Now back up to 68p (SP prior to ex div).
m4rtinu
28/4/2016
15:18
MY Retirement Fund, next you will be telling us that the poor institutions as well as a few private individuals have done really badly receiving a large income on these over the last 7-8 years and their money back . Poor soles!
stoaty1
28/4/2016
14:06
No that NPV explanation is incorrect. The redemption loss was because many of the notes issued were in exchange for perpetual preference shares and permanent interest bearing shares (PIPs) which Lloyds aquired from takeovers. Originally they would have been considered equity at par value but since they have chosen to unfairly extinguish them without the holders agreement they have had to book and construe it as a chatge.The high coupons of the ECNs reflected the original dividend sum when the PIPs were issued. At the time of issue interest rates wouls have been higher. For example when the base rate was 8% + in the 90s some PIPs would have been issued at 12% +The ECNs were essentially a misselling scam. As I have already stated, what goea around comes around and this is likely to cost shareholders a lot more in the long run, just as PPI has !
my retirement fund
28/4/2016
11:56
Ianood. Tku shud have been aware of that
manonph
28/4/2016
11:55
manonph - It's the NPV of the high coupons that caused the notes to trade over par. The high coupon was a come on to compensate for the lack of seniority and also the ability to redeem if they no longer fulfilled FCA capital requirements.
ianood
28/4/2016
11:51
Don't understand why the bond proceeds reduce profits. When they were issued it didn't go straight to p/l account as profit surely ?
manonph
28/4/2016
11:40
In normal circumstances yes; the question with these ECNs though is whether they could be cancelled or not. I am not a holder but it is not straightfoward.
alphorn
28/4/2016
11:33
With Lloyds spinning off excess capital, interest rates on the deck and likely to continue to be for the foreseeable future - makes very sound commercial sense to redeem high coupon notes before adding it to the dividend pot .
ianood
28/4/2016
11:13
MRF - yes, it does look as though Lloyds were doing the holders a favour!
alphorn
28/4/2016
11:11
Kiwi - "The vast majority". That is the problem; too many people internally focussed.
alphorn
28/4/2016
10:54
What a cheek .79bn charge for "redeeming" the ECNs.They were not redeemed the still exist. Lloyds have fiddled their books again and are lying imo.Time will prove this, the past will catch up with them it always does no matter how long it takes.Look at the bent top brass involved in Yorkshire police. Justice will come round for them. What goes around comes around!
my retirement fund
28/4/2016
10:53
So profits hit buying back bonds which demand high interest payments and this will save lloyds a decent amount of money in future years. That's a positive re future profitability. Fall is overdone.
its the oxman
28/4/2016
10:48
Lloyds profits tumble as bond buyback costs weigh Lloyds' profits were cut in half by a major bond buyback, which should reduce its interest payments in the coming years 28 APRIL 2016 • 8:14AM Lloyds profits fell by half in the first three months of the year as the cost of a major bond buyback hit the bottom line, and the bank also missed out on the profits from TSB as it sold its stake in the spin-off lender last year. The bank's growth plans have also been hit by low interest rates, which have prompted it to hold back its mortgage lending ambitions. Bosses added that it may be unwise to grow rapidly when much of the demand in the market is coming from a surge in buy-to-let landlords borrowing more. Pre-tax profits dived to £654m compared with £1.2bn a year earlier. However its underlying profits, which strip out one-off costs, held steady at £2.1bn. The biggest drag was the £790m repurchase of ECNs. These are high-interest bonds which Lloyds wanted to buy back to cut its interest bill, but investors - who benefitted from the high income - resisted, leading to a legal battle which Lloyds won. Telegraph
bookish
28/4/2016
10:45
The vast majority of wage earners and EU immigrants work in the service sector where wage rises would have minimum effect on the price of exports.
kiwi2007
28/4/2016
10:41
Ant seems to think otherwise. , We continue to support and benefit from a resilient UK economy
broadwood
28/4/2016
10:40
kiwi - you can not have it both ways - increase wages and make exports uncompetitive. Not the smartest option.
alphorn
28/4/2016
10:34
LLOY suffering in part because of Brexit but also because there's very little confidence in the UK and world economies going forward. Even with increasing so called 'employment' wage growth and inflation are, at best, anemic. Don't see it changing as long as you've got open door EU immigration policies keeping wages down.
kiwi2007
28/4/2016
10:32
Exactly. So how do they generate fee income?
broadwood
28/4/2016
10:28
Who needs a branch ? I never go into one any more.
mikemichael2
28/4/2016
10:25
Its a question of rather disappointing revenue mainly as a result of lower fee income having to be offset by a war on costs. They will have to address this but selling products becomes difficult when staff numbers are reducing and branches are closing.
broadwood
28/4/2016
10:21
Have to be pragmatic about the ups & downs. I'll keep adding at these levels as & when I have the cash because I don't think the government's public sale will offer a better deal when it occurs.
gbh2
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