Lloyds Banking Share Discussion Threads

[richie1218] 11/3/2021 19:34

Had a quick look at L&Gs "LGC" Direct investment portfolio which includes their "Build to rent" assets .. Ive included some info below ..

Lloyds is looking at doing something similar by the end of the year..

the "Later living homes" potentially to be a massive growth area in the future imo ...

>>>

"LGC operating profit decreased 24% to £275m (2019: £363m), principally reflecting a pause in traditional house-building and sales activities during the UK lockdowns and lower profits from our direct investment portfolio.

LGC Direct Investment origination of £0.6bn, with AUM growth of 9% to £3.1bn (2019: £2.9bn)

Legal & General Capital (LGC) invests shareholder capital and is building an alternative asset pipeline.

LGC's residential property platform is diversified across build to rent, build to sell, later living, and affordable housing, providing some insulation from cyclical shocks. The long term need for UK housing is well established: each year delivery of new homes falls short of demand, leading to increased levels of overcrowding, affordability issues, impaired labour mobility and increased levels of homelessness. Supporting our climate ambitions, we have committed that our homes will all be operationally carbon emission-free from 2030.

We are well positioned to achieve our long-term targets of delivering:

o Over 3,000 traditional build to sell homes per annum

o 5,500 build to rent homes in our pipeline

o 3,000 affordable homes per year by 2023 to help meet the needs of the more than 1.4m households on waiting lists for UK social housing

o Over 3,000 Later Living homes in our pipeline to help address the housing requirements of last time buyers seeking to downsize, estimated at over 3.4m by 2021"

[portside1] 11/3/2021 19:30

From a contact in gov , the world governments no that the virus came from China and was from a leaked source fro a military lab ,Why are the gov not given out the truth on the Chinese Virus which the Chinese had a incident and leaked the virus Why are the facts being hidden

[joestalin] 11/3/2021 18:55

Maybe a special dividend? It would encourage the pension funds to load up.

[newbank] 11/3/2021 18:16

the accrued divi's for 2021 will be in the region of 4p/share how and if that is paid will be down to discussions at half term, ie, July.

[diku] 11/3/2021 18:02

Since last Friday and including today's intraday Dow has put on around 1750 points so far...think FTSE has put on about 100 points ...FTSE as usual in no mans land...




Crazi11 Mar '21 - 16:04 - 16301 of 16302
0 0 0
I reckon tomorrow will be a rally day as we follow the DOW:

[freddie01] 11/3/2021 17:24

Lloyds plans to deliver £1.5bn funding to social housing in 2021


Lloyds Banking Group aims to deliver £1.5bn funding to social housing in 2021, with at least £500m going towards environmental, social and corporate governance spending (ESG).

Since 2018, Lloyds Banking Group has provided £9bn of funding to the UK’s social housing sector, outstripping its original £2.25bn funding commitment by £6.75bn over this period due to strong sector demand and the group’s appetite to support more social housing and ESG projects.

The funding has been delivered by the group’s Lloyds Bank, Bank of Scotland, Scottish Widows and Lloyds Bank Corporate Markets teams.

The bank say their funding has aided the creation of more, high quality homes helping housing associations provide homes for those on the lowest incomes.

In the past three years, transactions have included £350m to Midlands-based Platform Housing Group to support one of the UK’s largest social housing development programmes and a £250m sustainability linked Bond for Aster Group, which owns and manages over 30,000 homes across the south of England.

The ESG funding ambition aims to support the sector to accelerate its investment in creating greener homes through the construction of sustainable new builds and the retrofit of existing properties to help the sector continue its decarbonisation journey.

Earlier this year, the group announced it was furthering its transition to a low carbon economy with an expanded target of net zero by 2050, or sooner.

As part of this stated target, it was revealed that Scottish Widows will halve its carbon footprint by 2030.

Lloyds Bank and Scottish Widows have become early adopters of the Good Economy Framework’s Sustainability Reporting Standard for Social Housing.

The standard provides a framework for housing associations to voluntarily disclose their ESG performance in a transparent and comparable way, which will also help inform future funding decisions.

In addition, housing associations have access to the bank’s ‘Green Buildings Tool’ which enables them to assess the energy efficiency of buildings and makes recommendations on how this can be improved.

The bank says it has assessed the energy retrofit requirements of over 200,000 homes in the social housing sector and is now working with clients to enable them to measure and plan to improve the sustainability of their stock.

David Cleary, managing director, head of housing at Lloyds Bank, said: “Sustainability is rightly dominating the agenda for the social housing sector.

“The market-leading amount of funding we’ve delivered in the past three years and our plan for the year ahead underlines our ongoing commitment to social housing and to the UK’s green prosperity and economic recovery.

“Measures to improve the green credentials of the UK’s social housing stock is of dual benefit for the planet and for people.

“It benefits tenants by creating greener homes with typically lower running costs and helps tackle the climate emergency.

“The development of new homes and retrofitting of existing ones also supports jobs in the small and large companies undertaking the work.”

[optomistic] 11/3/2021 16:32

Came very close to 40p today...is that to be the first (hopefully) the last backtest?

[utrickytrees] 11/3/2021 16:14

Wheres Meek Merv the sensitive socialist today?

[maxk] 11/3/2021 14:43

They slipped up there Joe!

[joestalin] 11/3/2021 14:29

There is one of them near Southampton. The EU did not move it to an EU funded factory in Turkey.

[freddie01] 11/3/2021 14:23

NEW FACTORY: American-owned GE Renewable Energy set to build new multi-million pound wind turbine blade manufacturing plant on Teesside. The huge investment is expected to create 750 direct jobs and a further 1.500 across the UK’s supply chain. [...] #UKmfgFlag of United Kingdom

[diku] 11/3/2021 14:22

Whilst the furlough and other financial help is going on it will be a token divi if any...

[freddie01] 11/3/2021 14:21

UPDATE: Japanese-owned food and drink manufacturer Princes has installed a new canning line at its Long Sutton site in Lincolnshire as part of a wider £80 million expansion programme - the firm's largest ever capital investment into its UK manufacturing facilities. #UKmfg🇬463;

[diku] 11/3/2021 14:19

Post 16283...my point being how many US bank shares went down to 2008 - 2009 levels in 2020...in comparison to UK banks shares?...and then look at how many US bank shares are hitting highs currently...

[crazi] 11/3/2021 14:15

There won't be any divi paid out 1st 1/4... if there even was one awarded it would be accrued until at least mid year for a PRA decision...

[optomistic] 11/3/2021 14:13

if we are going to go onto quarterly divs then the first qtr in Apr will tell us if we are going to get one or not. No doubt the PRA will have made their mind up already, if and how much. We may as well put them on the Board and let them run it completely and that would be one less shareholder!

[portside1] 11/3/2021 14:09

But did not comment on the directors free hand outs which is way above what they have said

[gbh2] 11/3/2021 14:08

The dividend suspension was lifted, I have a company in the finance sector paying over 6% in April.

[crazi] 11/3/2021 14:07

The divi suspension isn't fully lifted. It never was... Go look at the RNS release last December and then read the release on the PRA website.

Two different stories...

The PRA in the very last paragraph said something like "we will review 2021 dividends mid year"...

Thus the myth that the banks are private companies owned by stakeholders...

[gaffer73] 11/3/2021 14:04

They've had the divi suspension lifted and are paying the maximum permitted. Can't see it being introduced again. There would have to be a pretty bad downturn and I think the bank's would halt them in that case anyway.