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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
  -1.71p -3.04% 54.49p 54.50p 54.51p 56.21p 54.30p 55.96p 199,652,482 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 23,150.0 1,644.0 0.8 68.1 38,891.55

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Date Time Title Posts
24/7/201616:36Black Beauty: A Recovering Quadruped180,562
11/7/201610:09LLOY HEADING BELOW 20p....Hope it Helps154
05/6/201619:25Nice one keep the horse running2
21/2/201613:09Banks - Ye Olde Nag best of a bad bunch?114,087

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Lloyds Daily Update: Lloyds Banking Group is listed in the Banks sector of the London Stock Exchange with ticker LLOY. The last closing price for Lloyds was 56.20p.
Lloyds Banking Group has a 4 week average price of 54.18p and a 12 week average price of 63.28p.
The 1 year high share price is 86.61p while the 1 year low share price is currently 47.10p.
There are currently 71,373,735,357 shares in issue and the average daily traded volume is 160,451,120 shares. The market capitalisation of Lloyds Banking Group is £38,891,548,396.03.
robwt: monty.... I think you are maybe hoping that they will sell at that price, which will be a thumping great loss to the taxpayer. If the govt sold the stock to fund managers at 50p a share, they would unleash the wrath of the press and the public who would accuse them of selling it to their cronies at a knockdown price. Cable took a lot of stick on Royal Mail and look where he is now. May and Hammond will not risk the backlash Osbourne could have sold these shares two years ago and made a profit, just shows how well he knows the markets. Had he sold them, they probably would not be down at this bombed out price. The goverment stake creates a black hole, a false market on the share price Lloyds are doing well, but the share price lanquishes in the 50s because funds are waiting. Average Fund managers are like lemmings, they have no bottle when times are uncertain. I am not saying the Govt won't sell it off at a loss, but they will sell it to with the public having first dibs. That will be when the share price recovers from these lows. IMO Hammond will announce the sell off as soon as the share price is above 63p, which according to experts is the real stand in price after taking dividends and other sales in to account
gyy: hxxp://www.capitalcube.com/blog/index.php/lloyds-banking-group-plc-breached-its-50-day-moving-average-in-a-bearish-manner-lloy-gb-june-27-2016/ Share Price Performance Relative to Peers Compared to peers, relative underperformance last month is down from a median performance last year. While LLOY-GB‘s change in share price of -34.58% for the last 12 months is in line with its peer median, its more recent 30-day share price performance of -21.29% is below peer median. This suggests that the company’s performance has deteriorated more recently relative to peers. Share Price Performance Lloyds Banking Group Plc has an earnings score of 25.74 and has a relative valuation of UNDERVALUED. Stocks with High Earnings Momentum are a preferred option for momentum plays. If they are undervalued, it can be a further advantage and may indicate sustained momentum.
whitestone: From ADVFN http://ftalphaville.ft.com/marketslive/2016-02-25/ BE Bailed out, lossmaking bank doing special divis because its main shareholder is underwater again and can't liquidate its position. BE If the biggest shareholder were a Russian oligarch we'd be huffing and puffing and scandalised. BE But because it's UKFI, all is well. Efficient markets being efficient. BE Let's ignore that Lloyds Q4 missed consensus. BE And it's booked another £2.1bn PPI provision. BE Because apparently that £2.1bn PPI provision draws a line, of sorts. BE This is PPI exposure winding down. BE So let's ignore Lloyds' potential exposure to annuities misselling. BE And let's ignore Lloyds' potential exposure to packaged bank account misselling, the complaints about which are running well ahead of where PPI ever was. BE Instead, have some cash. From a lossmaking bank. Sure. Cool. Whatever. BE Here's Morgan Stanley. BE While Q4 PBT is -8% light vs consensus at £1.76bn on lower other income / higher impairment , the 0.5p special dividend and PPI commentary appear to show the normalisation process for Lloyds is almost complete and that future underlying returns will accrue to shareholders which we think is key for the stock performance. Lloyds indicate that the extra £2.1bn PPI provision should be sufficient, that margin will expand to 2.70% in 2016 (+0.07% y/y) somewhat allaying fears of a squeeze from competition / low rates. BE Overall slightly soft set of underlying Q4 earnings with underlying PBT of £1.76bn, 8% below consensus. Revenues 2% light despite solid NIM print at 2.64% in Q4 (flat q/q) and steady average interest earning assets as noninterest income was impacted by disposals and run-off as well as weather related insurance claims (c.£60 million). Costs were in line with consensus but impairments came in ahead of consensus at c.£230 million or 22bps. BE PPI charge of £2.1 billion for the quarter reflects time bar and Plevin proposals and takes the total provided to £16 billion. The unutilised provision of £3.5 billion is expected to be sufficient to cover an average of c.10,000 complaints per week with associated admin costs (vs. 8,000 complaints per week in 2015). 4Q results also included £302 million of provisions for packaged bank accounts and “a number of other product rectifications”. BE CET1 ratio 13% pro forma and TNAV 52.3p missed MSe due to higher than expected dividends. Full year dividends totalled 2p, with 1.5p ordinary and 0.5p special (in line with consensus but ahead of MSe) taking CET1 ratio down to 13% pro forma for 20bps benfit from an insurance dividend relating to 2015 to paid in 2016. RWAs £233 billion, -1% q/q. TNAV at year end was 52.3p (53.8p pre dividend) and company flagging improvement to 55.6p as at 19 February. BE Outlook reassuring on NIM and asset quality, though cost:income / RORE targets pushed out: NIM guidance of 2.70% for FY16 +0.07% y/y is ahead of consensus (2.63%) and should significantly allay market fears. Asset quality ratio is now guided to below 20bps for FY16 (vs cons 19bps) which is in-line. The push out of the cost: income target (now 45% only expected in 2019) could be indicative of lower than expected other operating income, so we expect to see more explanation here on the call. Also given an underlying RORE of 15% in 2015 investors will naturally query why the 13.5%-15% target may not be met on a stat basis in 2017. The capital generation target is improved to 2% annum (was 1.5-2%) indicating c.£4.5bn of capital flow year (based on £223bn of RWAs) or c.10% of market cap which seems rather appealing. BE And Deutsche Bank. BE Overall, we expect the market to react positively to these results given the focus on the dividend and capital return story, and the upgraded NIM guidance. Importantly, we think loyds’s ability to pay special dividends and run at 13% CET1 level is confirmation that the more dovish tone from the BoE statement on capital in December is being implemented, which is positive for UK banks more generally. Lloyds is trading at 8.6x 2017 EPS, 1.2x TNAV for a forecast 7-10% Dividend yield 2016-2018. We retain our Buy rating. BE And Investec. BE Price: 62.2p | Target: Under Review | Rec: Buy Once again we see Lloyds’ earnings recovery story as merely “deferred” rather than cancelled”. A Q4 2015 Reported Loss of £0.5bn primarily reflects an unsurprising £2.1bn PPI top-up, while the underlying result was, we think, broadly in line with expectations. But with a proforma CET1 ratio of 13.0% Lloyds has declared an FY15 dividend of 2.25p plus a 0.5p “special”. Outlook comments should trigger consensus upgrades; 2016 NIM is guided to 2.70% (vs 2.63% in 2015). On 1.2x 2015 tNAV (52.3p) for 2017e RoTE of 12.2%. BUY. For us, the key news is the actual dividend and the outlook for capital accretion and dividends. The 2.75p to be paid for 2015 represents a 4.4% yield. Lloyds is a ‘low/no growth’ bank, but capital accretion is now guided to 2% p.a. (previously 1.5%), giving us increased confidence in the validity of our existing 5p 2017e dividend forecast - an improbably high implied 2017e dividend yield of 8%. We expect a material upward share price correction to deal with that! We regard the underlying performance as broadly “in line” with a better mix than anticipated. The Q4 2015 Underlying PBT of £1.8bn was 2% below our own £1.8bn forecast. Technically, this is an 8% miss against company-compiled consensus of £1.9bn, but that number looks somewhat “stale”, and can be ignored in our view. Against our forecasts, we see Q4 2015 revenues of £4.3bn (+5% QoQ) as a £100m (2%) beat, offset by misses of £76m (3%) on costs and £67m (41%) on impairments, hence the small £43m (2%) miss in U/L PBT. Of much greater significance for the share price outlook is, we think, the transition from capital build to capital return. Lloyds thinks its £16bn cumulative PPI provision will be sufficient, albeit we still assume a further c.£1bn charge. However, Lloyds has “corrected” its peculiar 30% medium-term tax guidance to 27%, and this enhances expected capital build. It is a ‘low/no growth’ bank but, in our view, offers a very high and clearly visible capital return story. Buy rec reaffirmed. Detailed forecasts and 78p TP are placed under review
broadwood: No surprise there then. copyright Getty Images The chancellor has postponed the sale of the Government's final stake in Lloyds Banking Group, saying the global turmoil in the markets and slowing growth had sparked the delay. George Osborne told me that he would not give the go-ahead until the markets had calmed, saying that "now is not the right time". He said he still supported encouraging wider share ownership in Britain. So this looks like a significant delay rather than a cancellation. The sale of the final part of the government's stake in Lloyds was a general election pledge made by David Cameron. It was expected to raise £2bn, making it one of the largest privatisations since the 1980s when BT and British Gas were sold, raising £3.9bn and £5.6bn respectively. Mr Osborne announced the details of the Lloyds sale to hundreds of thousands of small investors last October. It was thought the sale would take place in the spring. But since then Lloyds' share price has fallen and the trading environment for banks has become tougher. Low interest rates also make profits harder to come by across the sector. In October, Lloyds share price was 78p, above the 74p considered to be the "in price" the government paid to rescue the bank during the financial crisis - when it used billions of pounds of tax-payers money to shore up the financial system. That share price is now down at 64p, so the government would be selling the shares to the public at a considerable loss. Yesterday, the Royal Bank of Scotland announced billions of pounds of new provisions to pay for fines and legal actions connected to the financial crisis. Its share price has also fallen. The government owns 73% of RBS and just under 10% of Lloyds. It doesn't look like it will be selling either stake any time soon
broadwood: Will Lloyds Banking Group PLC Rise By 100% This Year? (Who would print a headline like that?) You've got it. Lets hope he's right It’s rare to find a stock in the FTSE 350 that trades on a single-digit price-to-earnings (P/E) ratio. It’s even rarer to find one that’s highly profitable and has the potential to grow its earnings and dividends at a rapid rate. However, that’s exactly the circumstances in which Lloyds (LSE: LLOY) currently finds itself, with the part-nationalised bank having the potential to double during the course of 2016. Clearly, for any stock to double in price requires a significant shift upwards in investor sentiment. And while the UK economy is performing relatively well, the outlook for the global economy remains uncertain due to a slowing China and US interest rate rises. With the EU referendum on the horizon, it would be of little surprise for the UK economy to experience a degree of uncertainty. As such, the 2016 financial performance of banks such as Lloyds is likely to be impressive, but may not benefit from an advantageous macroeconomic outlook to the same extent as in recent years. That said, Lloyds is still expected to deliver a pre-tax profit of just under £8bn in the current financial year. For a business that until 2013 was deep in the red, that’s an excellent result and shows that its strategy is paying off. On this front, Lloyds’ asset disposals and a ruthless focus on efficiency have led to a relatively low cost-to-income ratio of 48%. And with a lean cost base and scope for improved profitability, there’s the potential for this figure to remain at a highly appealing level over the medium-to-long term. Dividends on the rise Due to Lloyds’ improving financial performance, its dividends are expected to rise rapidly. The bank’s shares are due to yield 5.2% in the current year as dividends per share are set to increase from 2.4p last year to 3.7p this time. That’s a gain of 54% in just a year. With the FTSE 100 yielding around 4%, Lloyds is now a very appealing income stock with a sound financial footing through which to increase shareholder payouts at a higher rate than inflation. With Lloyds trading on a P/E ratio of only 8.5, there’s significant upward rerating potential. Clearly, a rating of 17 may seem somewhat unachievable this year, but Lloyds posted a share price gain of 89% in 2012 and 61% in 2013. Both of these figures show that the bank’s shares can quickly gain in popularity and push its valuation substantially higher. And with Lloyds now in a much healthier position than in 2012 or 2013, it could be argued that even greater gains are warranted after the disappointment of 2014 and 2015. One potential catalyst to move Lloyds’ shares higher is the sale of the government’s stake that’s due to complete this year. As well as being a good deal for investors (who, when purchasing new shares, will receive a 5% discount to Lloyds’ share price plus a free share for every 10 held for a year), the end of government ownership could finally signal that Lloyds is almost back at full health, thereby boosting market sentiment. Moreover, when a yield of 5.2%, a discount of 5% and the potential for a 10% bonus (with one free share) are added to the upward rerating potential on offer, a 100% total return in the next year can’t be ruled out.
shaws67: After nearly seven years, Lloyds' (LSE: LLOY) management can finally claim that the bank's recovery is drawing to a close. And as Lloyds finishes settling its legacy issues, profits are recovering, the bank's capital cushion is increasing, and return on equity - a measure of bank profitability - has hit a sector high. Lloyds reported an underlying first-half ROE of 16.2% and management is targeting at long-term ROE of 13.5% to 15%. Many of Lloyds' larger peers have long-term ROE targets in the low teens. What's more, Lloyds' capital cushion is above the level required by management and regulators. Specifically, Lloyds estimates that the minimum level of capital required for the business is around 12% (tier one equity ratio). At the end of the first-half the bank's tier,one equity ratio was 13.3%.Management has stated that Lloyds will return any excess capital to shareholders, and these cash returns should drive returns for investors. Dividend giant Current City figures suggest that Lloyds is a dividend giant in waiting. Management has stated that the bank plans to return "surplus capital" to investors during the next few years, and the group is targeting an ordinary dividend payout ratio of at least 50% of sustainable earnings. As a result, City analysts believe that Lloyds could return £20bn to £25bn to shareholders over the next three years. Based on these figures, analysts have pencilled in a dividend payout of around 5.6p per share for 2017. Assuming that the market bids up the price of Lloyds' shares to a dividend yield of 4.5%, the bank's share price could hit 125p by 2017, excluding dividends. When you include the dividends Lloyds is expected to pay between now and 2017, the potential total return is close to 140p per share. For example, based on current City figures Lloyds is set to pay a dividend to shareholders of 2.5p per share during 2015 and 3.9p per share during 2016. A final dividend of 5.6p per share takes the total income received during the three-year period to 12p per share. Assuming Lloyds' shares hit 125p by the end of 2017, the total return including dividends will be in the region of 137p, 84% above current levels - an annual return of more than 30%. Reinvesting dividends will only boost returns further. Waiting to buy Even though the figures suggest that Lloyds is set to return 85% during the next three years, I'm not buying just yet. I'm planning to wait for the government's retail share offering before taking a position as the offering is expected to be conducted at very favourable terms for private investors. Although the exact terms of the offering are yet to be announced, City analysts are currently expecting the shares to be sold at a 5% discount to the prevailing market price.Also, there's some speculation that a teaser offer in the form of a 10% bonus, up to the value of £200, will be made to investors who hold their allotted shares for a year.
ibug: Lloyds Lloyds' share price has pulled back by around 16% from the high of 89p seen earlier this year. This has left this profitable bank looking increasingly cheap, in my view. Lloyds currently trades on 2015 and 2016 forecast P/E ratings of around 9.5. The 2015 prospective yield of 3.4% is expected to rise to 5.3% in 2016. Lloyds' price-to-book ratio, which was starting to look a little high, has now fallen to a fairly undemanding 1.15. In my view, Lloyds is well on the way to regaining its credentials as a reliable high yield income stock. This could drive steady demand for Lloyds shares over the next few years. However, the government is currently absorbing much of the demand for Lloyds shares by gradually selling its stake in the bank. Combined with current market conditions, this is probably keeping a lid on Lloyds' share price. Things could change once the government has completed the sale of its stake in Lloyds. Strong institutional demand for reliable dividend stocks could push the value of the Lloyds' shares back up again. In my view, Lloyds has the potential to outperform the market over the next 5-10 years. hTTps://uk.finance.yahoo.com/news/hidden-value-lloyds-banking-group-121047415.html
m4rtinu: So not only is Osborne losing vast amounts on the sale of RBS shares, he has now contributed to the fall in LLOY share price and is losing, perhaps as much as 5p share on any further LLOY sale. Purely idiologically driven decision on RBS in my view.
ibug: It’s finally begun: on Monday night, the government sold 5.4% of Royal Bank of Scotland Group (LSE: RBS). The deal was done in an after-hours placing to institutional investors at 330p per share, netting around £2.1bn. The sale reduced the government’s stake in RBS to just 73% and means that RBS has now joined Lloyds Banking Group (LSE: LLOY) in a gradual return to the private sector. One big difference Chancellor Osborne started selling Lloyds shares when that bank’s share price reached the government’s break-even level. Mr Osborne has decided to start selling RBS shares at a significant loss, given that last night’s 330p placing price is 34% below the government’s 502p breakeven price. However, it’s worth remembering that RBS has shrunk considerably since its 2008 bailout. Net asset value has fallen from 724p per share in 2009 to just 495p in 2014. A sale at a loss was always the most likely scenario. Indeed, for investors, the re-privatization of RBS could be a buying signal. Lloyds’ gradual return to private ownership has fuelled a steady rise in the bank’s share price. Based on advice from his advisors at Rothschild’s, the Chancellor is hoping that the same will happen at RBS. Selling the government’s remaining 73% stake in RBS is likely to take several years. During this time, we should see chief executive Ross McEwan’s turnaround plan take effect, boosting earnings and giving investors more confidence in the quality of the bank’s remaining assets. RBS vs Lloyds A return to a share price of more than 400p over the next year or two seems likely in my view, although it’s not a sure thing. RBS continues to look more expensive than Lloyds, and the timeline for dividends remains uncertain: 2015 forecast P/E 2015 forecast yield 2016 forecast P/E 2016 forecast yield RBS 11.7 0.1% 13.6 1.9% Lloyds 10.2 3.1% 10.3 4.9% On these numbers, it’s hard to see any obvious reason to invest in RBS rather than Lloyds. Yet the willingness of institutional investors to buy £2.bn worth of RBS stock last night suggests that some investors can see the appeal of RBS. One possible reason for this is that whereas Lloyds’ turnaround is now pretty much complete, RBS is just getting started. For example, Lloyds’ cost: income ratio was just 51.2% in 2014. That means that the bank spent £51.20 to generate £100 of revenue. In contrast, RBS reported an adjusted cost: income ratio of 68% last year, with an unadjusted figure of 87%! If RBS can reduce costs with as much success as Lloyds, the Scottish bank’s profitability could skyrocket, pushing earnings per share well ahead of current estimates. However, I’d expect RBS to need another three years to deliver the kind of results we are now seeing from Lloyds — and there’s no guarantee of success.
ibug: For what it's worth today---perhaps a bit of hope: Bank watchers have some important dates coming up, with three of our high-street banks set to report interim results in the coming days. Barclays (LSE: BARC) is up first, reporting on its first six months on Wednesday 29th, with Royal Bank of Scotland (LSE: RBS) a day later and Lloyds Banking Group (LSE: LLOY) finishing off the week with its figures out on Friday. In its first quarter results released in April, Barclays provided evidence of an ever-strengthening recovery, claiming a rise of 9% in adjusted pre-tax profit, to £1,848m. Net tangible asset value per share stood at 288p, which looks pretty healthy to me at today’s share price of 283p. Looking to full-year forecasts, the pundits are suggesting a rise of a third in earnings per share (EPS), which would give us a P/E of 12. The Q1 dividend was held at 1p per share, but with a full-year payment of 8p expected (which would yield 2.9%), dividend news on Wednesday would be welcome. Strong recovery Over at Lloyds the recovery from the depths of recession has been healthy, and though EPS is expected to be pretty much flat this year and next now that TSB has been spun off, Lloyds reported a first-quarter rise in underlying profit of 21% to £2,178m. But what are Lloyds shares worth now? Well, the price has more than trebled in a little more than three years, to the 86p level. But even after that, we’re looking at a forward P/E of only around 10.5. To put that into perspective, the long-term FTSE 100 average stands at around 14, and for Lloyds to get back to that kind of valuation would suggest a share price closer to 115p. Should Lloyds shares command such an average valuation? Well, there are surely fears of further banking misdemeanors yet to be uncovered, and the eurozone is pressing heavily on the banking sector right now. But with Lloyds back to paying dividends, there are yields of 3.1% this year and 4.7% next on the cards, and that’s seriously better than the FTSE average of a little over 3%. Long term, I think Lloyds deserves a higher rating. The shredded one? That brings me to the enigmatic RBS, whose shares have gained 70% over a similar 3-year period, but they already command a higher P/E multiple than either Barclays or Lloyds. Forecasts suggest a ratio of 13 this year, with the bank expected to record its first significant EPS in years (last year’s 0.8p was just the turning of the corner). But at this stage, the City is expecting 2016 earnings to drop back, pushing the P/E up to 14.5. And this is a bank that is a long way from paying steady dividends at any decent level — we’re hoping there’ll be a payment this year, but it would yield less than 0.5%. These three banks are very much a mixed bag. I see Barclays and Lloyds as being serious Buy candidates, but I really don’t see any attraction in RBS. We’re heading into a bank reporting season that’s not to be missed. Some good bank shares could set you on the road to an investment approach that has brought great long-term rewards for a century and more. hTTp://www.fool.co.uk/investing/2015/07/24/are-barclays-plc-lloyds-banking-group-plc-royal-bank-of-scotland-group-plc-worth-buying-ahead-of-interims/

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Trade Type Trade Size Trade Price Trade Date Trade Time Currency
18,628,493 54.74 22 Jul 2016 17:11:22 GBX
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