Lloyds Banking Share Discussion Threads

[unhinged] 30/4/2020 08:53

Pathetic company - no dividends until end 2020. Like they should have thought twice about buying back shares in the first place at ridiculous prices that way they'd have the capital to serve the needs of their customersin these difficult times. Time for this CEO to go. He's done this business no favours and only enriched himself

[daniel levi bmd] 30/4/2020 08:32

Fyi

‪Arden Partners Coverage: Buy Union Jack Oil: Upside 450%.....

Dan
X

[smurfy2001] 30/4/2020 08:30

Horse is tired 😴

[diku] 30/4/2020 08:29

Anybody know what happened to that allocated divi money?...full year 2019...

[diku] 30/4/2020 08:27

Some hope 57.4p...



Financial performance reflects revised economic outlook
* Statutory profit before tax of GBP74 million,
impacted by a significantly increased impairment
charge of GBP1,430 million given the revised economic
outlook. Statutory return on tangible equity of 5.0
per cent with tangible net assets per share of 57.4
pence

[diku] 30/4/2020 08:26

Some hope...


Financial performance reflects revised economic outlook
* Statutory profit before tax of GBP74 million,
impacted by a significantly increased impairment
charge of GBP1,430 million given the revised economic
outlook. Statutory return on tangible equity of 5.0
per cent with tangible net assets per share of 57.4
pence

[mbmiah] 30/4/2020 08:24

Didn't realise a bank could give out free money to the public. I thought only government could give out tax payer money to banks and therefore the people.

[xxxxxy] 30/4/2020 08:17

And No DelayNo Deal

[xxxxxy] 30/4/2020 08:16

Prudence is Lloyds. Proper banking. Be thankful.

[buywell3] 30/4/2020 08:11

Not as expected this was worse

Nexr Q2 IMO will be worse still

Ditto Q3

dyor

[smartypants] 30/4/2020 08:09

the Board also decided that until the end of 2020 we will undertake no quarterly or interim dividend payments, accrual of dividends, or share buybacks on ordinary shares in order to help us to serve the needs of businesses and households through the extraordinary challenges presented by the coronavirus pandemic.

[m4rtinu] 30/4/2020 08:08

Seems like the market not quite sure what to make of Lloy numbers. So far!!

[buywell3] 30/4/2020 07:50

Now you see why buywell does not like banks or financials

If Covid-19 is here for 12 months many will be toast IMO

Nationalization stakes cometh

dyor

[renewed1] 30/4/2020 07:47

Pretty much as expected.A very efficient bank but cant be expected to reverse the tide.If you think provisions were bad wait to we see the numbers for the next quarter.
Share price really a function of the length of the shutdown and how we come out of it....and at the moment thats anyone's guess.The end of PPI not looking to expensive and good chance of significant writeback. Confirmatiom of no dividends for rest of year.

[m4rtinu] 30/4/2020 07:44

My quick thoughts:

Impairment of £1.4bn - not sure what consensus expectations were (from memory think UBS said £1bn a couple of weeks ago). Also - £400m for volatility (refers to negative insurance market) see report.

But £400m tax credit and £1bn ppi provision still unused. But latter still ongoing but at low level.

Foreward guidance: q2 could be similar. NIM down, mortgage and other credit payment holidays.

[gbh2] 30/4/2020 07:44

EPS taken hell of a knock, interesting days ahead.

[gaffer73] 30/4/2020 07:40

1.2b, not as much as Barcleys. Income down 0.5b. See what the market thinks.

[american idiot] 30/4/2020 07:38

Britain's biggest domestic lender on Thursday posted pre-tax profits of 74 million pounds, down from 1.6 billion pounds the previous year, hit by a 1.4 billion pounds ($1.75 billion) loan impairments charge.

The figure was sharply below the 863 million pounds average of analysts' forecasts compiled by the bank. The bank abandoned its previous guidance to investors given the uncertain outlook for the economy.

[mitchy] 30/4/2020 07:37

Massive drop in profits but good liquidity helped by dividend cancellation. Forward looking statements dire . What price lloy now ...5p or 50p ? Let the market decide...ive absolutely no idea in the current climate.

[careful] 30/4/2020 07:37

£1.43bn impairment for the quarter has almost wiped out profit.
enormous.
Car lease finance, buy to let, business loans...banking will suffer from this virus more that any other sector.

Hopefully a kitchen sink job.

[arja] 30/4/2020 07:34

I bet you are a brextremist !