Lloyds Banking Share Discussion Threads

[freddie01] 28/9/2024 17:13

Lloyds Banking group’s build-to-rent arm acquires nearly 60 homes


Citra Living, part of Lloyds Banking Group, has boosted its growing portfolio of rental homes across the UK, with the addition of almost 60 new homes on the outskirts of Bradford.

Citra, which now operates more than 4,000 properties (of which 2,500 are delivered and occupied), has forward-purchased 58 single family homes at housebuilder Gleeson Homes’ semi-rural Wood Hall Chase development in Bierley.

As part of Gleeson’s broader 106-home development on Shetcliffe Lane, Citra will bring to market a range of two, three and four-bedroom homes for private rent, with the first due for completion in 2026. The additional homes aim to further support first-time buyers and young families in the area.

All 58 Citra homes will be delivered to EPC B rating, supported by air source heat pump technology.

Andy Hutchinson, chief executive officer of Citra Living, said: “Wood Hall Chase further strengthens our growing portfolio as we continue to pursue opportunities to create a positive mix of housing in areas where people want to live.

“We’re looking forward to seeing the homes progress and welcoming new customers to the Citra community as we continue to provide pathways from rental through to home ownership.”

Graham Prothero, CEO of MJ Gleeson, added: “We are pleased to partner with Citra Living to deliver 58 single family homes on our development in Bradford.

“This partnership aligns with our mission, core values, and commitment to excellence, offering more customers access to quality homes through our combined expertise.”

[freddie01] 28/9/2024 17:11

Lloyds Banking Group share price outlook for 2024 and beyond


Lloyds Banking Group faces a mixed outlook for 2024, with strong fundamentals but significant headwinds. Here's what investors need to know.


How is Lloyds performing?


Lloyds Banking Group (Lloyds) is currently trading at around 59.00 pence (p) per share. This represents a significant 32% increase over the past year, showcasing the bank's resilience in a challenging economic environment.

One of the most attractive features for income-seeking investors is Lloyds’ forward-looking dividend yield, projected at 5.8% for 2025. This generous yield reflects the bank's commitment to shareholder returns, despite facing various headwinds.

Lloyds posted substantial profits of £2.4 billion in the first half of 2024. However, this figure represents a 15% year-over-year (YoY) decline, hinting at the challenges the bank faces in maintaining its profitability in the current economic climate.

The bank's performance is closely tied to the broader UK economy, making it an important barometer for investors looking to gauge the health of the nation's financial sector. As such, understanding Lloyds’ outlook is crucial for both existing shareholders and potential investors.

Positive factors supporting Lloyds' outlook


Firstly, Lloyds operates in a market with persistent high demand for essential financial services, particularly mortgages. As the UK's largest mortgage lender, the bank is well-positioned to capitalise on the nation's ongoing housing needs, providing a stable revenue stream.

Secondly, Lloyds enjoys significant economies of scale, allowing it to operate more efficiently than smaller competitors. This cost advantage is particularly valuable in a challenging economic environment where margins may be under pressure.

Thirdly, the bank boasts a vast customer base and a portfolio of well-known brands, including Halifax and Bank of Scotland. This strong market presence provides Lloyds with a solid foundation for customer retention and cross-selling opportunities.

Lastly, Lloyds’ substantial profits, despite recent declines, demonstrate its ability to generate significant returns even in difficult conditions. This financial strength provides a buffer against potential economic shocks and supports the bank's ability to maintain its attractive dividend yield.

What are the challenges facing Lloyds' share price rally?


Despite its strong fundamentals, Lloyds faces several significant challenges that could affect its performance in 2024 and beyond. Investors should carefully consider these factors when assessing the bank's outlook.

The primary concern is the changing interest rate environment. Recent rate cuts by the Bank of England (BoE) are likely to put pressure on Lloyds' net interest margins (NIM). As NIMs are a key driver of profitability for traditional banks, this could negatively impact Lloyds’ earnings in the coming periods.

Economic uncertainty presents another major challenge. The UK's unemployment rate has risen to 4.4%, raising concerns about potential increases in loan defaults and repossessions. This situation may require Lloyds to increase its provisions for bad debts, further eroding its income.

Regulatory and legal risks also loom large. Lloyds faces potential litigation costs from an ongoing car finance probe, which could result in significant financial penalties and reputational damage. Such regulatory actions can have long-lasting impacts on a bank's operations and profitability.

Finally, it's important to remember the cyclical nature of the banking sector. Banks are particularly sensitive to economic cycles, and any downturn in the UK economy could have a disproportionate impact on Lloyds' performance.

Lloyds' share price: analyst sentiment and trading activity


The current analyst consensus on Lloyds is a cautious "Hold" based on 10 ratings, with 3 Buy, 6 Hold, and 1 Sell recommendation. This mixed sentiment reflects the balanced view of Lloyds' strengths and challenges.

The stock has been assigned a "Neutral" Smart Score of 6 out of 10, indicating that it's expected to perform in line with the overall market. This score takes into account various factors including analyst recommendations, corporate insider transactions, and technical indicators.

Interestingly, trading activity shows some divergence between long-term positioning and short-term sentiment. While 86% of open positions are long, suggesting overall optimism about Lloyds' prospects, recent trading activity has been predominantly bearish. In the last hour, 75% of trades were sells, with 68% sells over the past week.

This contrast between long-term holdings and short-term trading activity could indicate that while investors believe in Lloyds' long-term value, they are cautious about its near-term performance given the current economic headwinds.

Lloyds share price: technical analysis


Lloyds’ chart reveals a predominantly bullish trend from 2020 into 2024. The price has shown significant appreciation, currently trading near its highest levels at around 59.31p. This upward momentum is further confirmed by the price consistently staying above both the 50-day and 100-day moving averages, with the shorter-term average positioned above the longer-term one. The overall price action suggests strong buyer interest and sustained upward pressure.

Looking at momentum indicators, the moving average convergence/divergence (MACD) presents a bullish picture with its line positioned above both the signal line and the zero line. This configuration typically indicates positive momentum. However, the converging MACD lines hint at a potential slowdown in this upward trajectory, suggesting traders should remain vigilant.

From a support and resistance perspective, the current price level around 59.31p appears to be encountering some resistance, as evidenced by recent price consolidation. Previous resistance levels, notably around the 50.00p mark, seem to have transformed into support levels, reinforcing the bullish structure of the market.

The most recent price action shows a brief pullback followed by renewed buying interest, illustrated by a prominent green candle. While the overall trend remains bullish, traders should be mindful of potential resistance at current levels and stay alert for any signs of trend reversal or significant divergences in technical indicators.

Lloyds share price: the outlook for Q4 2024 and beyond


Looking ahead to 2024, Lloyds presents a mixed picture for investors. While the bank's strong market position, attractive dividend yield, and proven ability to generate profits are positive factors, it faces significant headwinds that could impact its performance.

The key to Lloyds' performance in 2024 will likely be its ability to navigate the challenging interest rate environment while managing the potential increase in bad debts due to rising unemployment. The bank's success in maintaining its net interest margins and controlling costs will be crucial.

Investors should closely monitor economic indicators, particularly unemployment rates and housing market trends. These factors will have a substantial impact on Lloyds' loan book quality and overall performance. Additionally, any developments in the ongoing car finance probe could significantly affect the bank's financial outlook.

[utrickytrees] 28/9/2024 15:01

Careful, It's not pro Israeli propaganda you monumental bellend, it's body cam footage of what actually happened. Your comments further underline how entrenched in propaganda you are.

[mikemichael2] 28/9/2024 12:25

Again scruff, their 'belief' and extent of a lifetime of brainwashing, means most will never integrate. Just a matter of time as I see it. Can't see any Government doing anything about it.

[scruff1] 28/9/2024 10:22

Question is - how long before these loons start doing the same in the UK. So far its been the odd individual but it wouldnt surprise me if they are already making plans for a large group attack. We know where their soldiers are coming from and the govt has provided them with hotels so they can have a good natter together.

[stonedyou] 27/9/2024 22:41

Kiev Forces Are Being Depleted In Kursk (Videos)

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The Russian Ministry of Defense announced on September 27 that the Sever Group of Forces had inflicted more losses on several formations of Kiev forces close to the settlements of Lyubimovka, Daryino, Novy Put, Nikolayevo-Daryino and Plekhovo in the Kursk direction.

Most of the losses were sustained by the 21st, 22nd, 115th mechanized brigades, 17th Tank Brigade, 82nd and 95th air assault brigades, 1st National Guard Brigade, 36th Marine Brigade and the 103rd Territorial Defence Brigade.

In its daily briefing, the ministry also said that five Ukrainian counter-attacks were repelled near the settlements of Lyubimovka and Plekhovo.

“As a result, the AFU [Armed Forces of Ukraine] losses amounted to up to 30 troops killed and wounded; four armored fighting vehicles and one motor vehicle were destroyed. One serviceman of the Armed Forces of Ukraine surrendered,” it added.

In addition, the ministry announced that 11 attempts by Kiev forces to break through the Russian border were thwarted near the settlements of Novy Put and Medvezhye.

“The AFU losses amounted to more than 70 people killed and wounded; one armored personnel carrier, seven armored fighting vehicles, and three motor vehicles were neutralized. Two AFU servicemen surrendered,” the ministry said.

Russian air and artillery strikes also hit gatherings of the 21st, 22nd, 41st, 61st, 115th mechanized brigades, 17th Tank Brigade, 80th, 95th air assault brigades, 1st National Guard Brigade and 36th Marine Brigade as well as the 103rd and 129th territorial defense brigades, according to the ministry.

The gatherings were struck close to the settlements of Guyevo, Daryino, Kolmakov, Kubatkin, Kozachya Loknya, Lyubimovka, Malaya Loknya, Martynovka, Mikhaylovka, Medvezhye, Novaya Sorochina, Novy Put, Orlovka, Plekhovo, Pravda, Tolsty Lug and Cherkasskoye Porechnoye.

Other strikes hit the the Ukrainian region of Sumy, which borders Kursk, targeting the reserves of the 21st, 22nd, 41st, and 115th mechanized brigades, 82nd and 95th air assault brigades, 92nd Assault Brigade and 1st National Guard Brigade as well as the 101st and 103rd territorial defense brigades near the settlements of Atinskoye, Belovody, Boyaro-Lezhachi, Glukhov, Zhuravka, Zarutskoye, Katerinovka, Kruzhok, Moskalenki, Machulishcha, Novoya Sloboda, Pavlovka, Rovnoye, Ryzhevka, Svessa and Sumy.

“Over 330 troops, 16 armored vehicles, including one tank, two armored personnel carriers, and 13 armored fighting vehicles, as well as one artillery gun, one EW station, one counter-battery radar, and eight motor vehicles have been eliminated during the day. Two AFU servicemen surrendered,” the ministry detailed in its statement.

Russian media also released several videos showing some of the recent strikes that targeted Kiev forces in both Kursk and Sumy.

Kiev forces launched a surprise attack on Kursk last August. Since the start of the attack, at least 56 Russian civilians have been killed and more than 266 others have been wounded. Moreover, the attack displaced more than 144,000 civilians. The fate of some 2,000 others who lived in areas attacked by Kiev forces remain unknown.

The Russian military launched a counter-attack in Kursk earlier this month. So far, nearly a dozen settlements have been reportedly liberated.

According to the Russian MoD, since the start of the battle in Kursk Kiev forces have lost 17,750 troops, 131 tanks, 62 infantry fighting vehicles, 97 armored personnel carriers, 837 armored fighting vehicles, 533 motor vehicles, 143 artillery guns, 31 launchers, including eight American-made HIMARS and six MLRS systems, eight air defense systems, five transport-loading vehicles, 37 electronic warfare stations, nine counter-battery radars, two aerial radars, 18 engineering vehicles, including 11 counter obstacle vehicles, one UR-77 mine clearing vehicle and one armored recovery vehicle.

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[stonedyou] 27/9/2024 22:24

Military operation in Ukraine 27 Sep, 13:31

Elimination of mercenaries, Ukrainian losses: situation in Kursk Region
In total, the enemy lost more than 17,750 people during the fighting

MOSCOW, September 27. /TASS/. The Ukrainian armed forces lost more than 330 military personnel and 16 armored vehicles over the day in the Kursk Region, the Russian Defense Ministry said.

In total, the enemy lost more than 17,750 people during the fighting.

Some of foreign mercenaries who were in the ranks of the Ukrainian armed forces in the Kursk Region have already been eliminated, Deputy Chief of the Main Military-Political Directorate of the Russian Armed Forces, Commander of the Akhmat special forces, Major-General Apty Alaudinov said.

TASS has gathered the key news about the unfolding situation.

Operation to neutralize Ukrainian forces
- The Russian military repelled five enemy counterattacks towards Lyubimovka and Plekhovo.

- They also repelled 11 Ukrainian attempts to break through the border near Novy Put and Medvezhye.

- Units of the battlegroup North continued their offensive operations and defeated Ukrainian formations near Lyubimovka, Daryino, Novy Put, Nikolayevo-Daryino and Plekhovo.

- The Russian military hit concentrations of enemy manpower and equipment near the villages of Guyevo, Daryino, Kolmaky, Kazachya Loknya, Lyubimovka, Malaya Loknya, Martynovka, Mikhailovka, Medvezhye, Novaya Sorochina, Novy Put, Orlovka, Plekhovo, Pravda, Tolsty Lug and Cherkasskoye Porechnoye.

- Russian jets struck Ukrainian reserves in the Sumy Region.

Ukraine’s losses
- Over the day, the enemy lost more than 330 servicemen, 16 armored vehicles, including a tank, two armored personnel carriers and 13 armored combat vehicles, as well as an artillery gun, a radar station, a counter-battery station and eight cars. Three Ukrainian servicemen were captured.

- Since the beginning of hostilities in Russia’s borderline region, Ukraine’s losses have amounted to more than 17,750 servicemen, 131 tanks, 62 infantry fighting vehicles, 97 armored personnel carriers, 837 armored combat vehicles, 533 vehicles, 143 artillery pieces, 31 multiple rocket launchers, including eight HIMARS and six US-made MLRS, eight anti-aircraft missile launchers, five transport and loading vehicles, 37 radar stations, nine counter-battery radars, two air defense radars, 18 pieces of engineering and other equipment, including 11 engineering demolition vehicles, a UR-77 demining unit and an armored repair vehicle.

Alaudinov’s statements
- Some of foreign mercenaries who were in the ranks of the Ukrainian armed forces in the Kursk Region have already been eliminated, they were a legitimate target, Deputy Chief of the Main Military-Political Directorate of the Russian Armed Forces, Commander of the Akhmat special forces, Major-General Apty Alaudinov said.

- He added that it should not be surprising that many mercenaries come from countries considered friendly to Russia.

Cases against journalists
- The Federal Security Service (FSB) has initiated criminal cases on illegal crossing of the state border in the Kursk Region by US and Romanian reporters, the agency's Public Relations Center reported.

- The matter concerns correspondents of Australia’s ABC TV channel Fletcher Yeung and Kathryn Dis, as well as a Romanian citizen, journalist of Romania’s NotNews outlet Barbu Mircea.

[stonedyou] 27/9/2024 22:20

Kiev Forces Are Being Depleted In Kursk (Videos)

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The Russian Ministry of Defense announced on September 27 that the Sever Group of Forces had inflicted more losses on several formations of Kiev forces close to the settlements of Lyubimovka, Daryino, Novy Put, Nikolayevo-Daryino and Plekhovo in the Kursk direction.

Most of the losses were sustained by the 21st, 22nd, 115th mechanized brigades, 17th Tank Brigade, 82nd and 95th air assault brigades, 1st National Guard Brigade, 36th Marine Brigade and the 103rd Territorial Defence Brigade.

In its daily briefing, the ministry also said that five Ukrainian counter-attacks were repelled near the settlements of Lyubimovka and Plekhovo.

“As a result, the AFU [Armed Forces of Ukraine] losses amounted to up to 30 troops killed and wounded; four armored fighting vehicles and one motor vehicle were destroyed. One serviceman of the Armed Forces of Ukraine surrendered,” it added.

In addition, the ministry announced that 11 attempts by Kiev forces to break through the Russian border were thwarted near the settlements of Novy Put and Medvezhye.

“The AFU losses amounted to more than 70 people killed and wounded; one armored personnel carrier, seven armored fighting vehicles, and three motor vehicles were neutralized. Two AFU servicemen surrendered,” the ministry said.

Russian air and artillery strikes also hit gatherings of the 21st, 22nd, 41st, 61st, 115th mechanized brigades, 17th Tank Brigade, 80th, 95th air assault brigades, 1st National Guard Brigade and 36th Marine Brigade as well as the 103rd and 129th territorial defense brigades, according to the ministry.

The gatherings were struck close to the settlements of Guyevo, Daryino, Kolmakov, Kubatkin, Kozachya Loknya, Lyubimovka, Malaya Loknya, Martynovka, Mikhaylovka, Medvezhye, Novaya Sorochina, Novy Put, Orlovka, Plekhovo, Pravda, Tolsty Lug and Cherkasskoye Porechnoye.

Other strikes hit the the Ukrainian region of Sumy, which borders Kursk, targeting the reserves of the 21st, 22nd, 41st, and 115th mechanized brigades, 82nd and 95th air assault brigades, 92nd Assault Brigade and 1st National Guard Brigade as well as the 101st and 103rd territorial defense brigades near the settlements of Atinskoye, Belovody, Boyaro-Lezhachi, Glukhov, Zhuravka, Zarutskoye, Katerinovka, Kruzhok, Moskalenki, Machulishcha, Novoya Sloboda, Pavlovka, Rovnoye, Ryzhevka, Svessa and Sumy.

“Over 330 troops, 16 armored vehicles, including one tank, two armored personnel carriers, and 13 armored fighting vehicles, as well as one artillery gun, one EW station, one counter-battery radar, and eight motor vehicles have been eliminated during the day. Two AFU servicemen surrendered,” the ministry detailed in its statement.

Russian media also released several videos showing some of the recent strikes that targeted Kiev forces in both Kursk and Sumy.

Kiev forces launched a surprise attack on Kursk last August. Since the start of the attack, at least 56 Russian civilians have been killed and more than 266 others have been wounded. Moreover, the attack displaced more than 144,000 civilians. The fate of some 2,000 others who lived in areas attacked by Kiev forces remain unknown.

The Russian military launched a counter-attack in Kursk earlier this month. So far, nearly a dozen settlements have been reportedly liberated.

According to the Russian MoD, since the start of the battle in Kursk Kiev forces have lost 17,750 troops, 131 tanks, 62 infantry fighting vehicles, 97 armored personnel carriers, 837 armored fighting vehicles, 533 motor vehicles, 143 artillery guns, 31 launchers, including eight American-made HIMARS and six MLRS systems, eight air defense systems, five transport-loading vehicles, 37 electronic warfare stations, nine counter-battery radars, two aerial radars, 18 engineering vehicles, including 11 counter obstacle vehicles, one UR-77 mine clearing vehicle and one armored recovery vehicle.

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[hardup1] 27/9/2024 16:52

After 151 trading days, buyback complete to date:
Total shares to date........................2,796,133,434
Aggregate cost to date... ..................£1,504,795,299.73
Average price paid to date..................53.8170p
Percentage of £2 billion buyback completed..75.24%

[utrickytrees] 27/9/2024 16:14

Sorry to hear that GNR, I'm contemplating my best course of action when the NHS catches up with me for my sins. I suspect they ease you in gently and before you know it your at their beckon call? Might get a shotgun licence insurance policy.

[kkclimber56] 27/9/2024 15:31

Netanyahu giving it to the UN.The man does not pull punches

[utrickytrees] 27/9/2024 15:07

Saudi system is appalling Careful. They deport anyone of pensionable age to be a burden to their country of origin. Forget non doms, I'd be all for charging everyone who's a tax exile in Saudi 250k pp re-entry, we've gone soft!

[gotnorolex] 27/9/2024 15:00

Did consider retiring to the Algarve like my old classmate. Flights to Faro. Biggie, £25 Ryanair! (London to Manchester £59) Can't go because at my age, owe my sole to the NHS!
Strictly no TT landlords before the flight, they'll double the fare to use the lav! Find rubber bands to restrictive!

[utrickytrees] 27/9/2024 14:01

Anyone considering retirement in the Med needs more than medical access, they need a full frontal lobotomy! Who in there right mind would trade the UK for anywhere without TT landlord & table service in pubs...disgraceful!

[gotnorolex] 27/9/2024 13:37

ECHR ill wind for migration laws but, good for Brits retired to European Med countries when claiming medical access under bygone pre BREXIT arrangements!

[stonedyou] 27/9/2024 13:32

Russian Warplanes Hammer Militants Near Key U.S. Base In Syria

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Warplanes of the Russian Aerospace Forces (VKS) had targeted hideouts used by militants in the governorates of Homs and Deir Ezzor in central and eastern Syria, according to the Russian Center for Reconciliation in Syria.

In two separate statements released on September 25 and 26, Captain 1st Rank Oleg Ignasyuk, deputy chief of the center, said that two separate waves of strikes hit four and eight hideouts in the two governorates.

“In the provinces of Homs and Deir Ezzor, the VKS delivered strikes on four hideouts, used by militants who left the al-Tanf zone,” the Russian official said in both statements.

Around 200 U.S. troops are usually deployed at a garrison in al-Tanf, along with hundreds of militants from a proxy group known as the Syrian Free Army. The U.S. maintains a 55-kilometer no-fly zone around al-Tanf. However, VKS warplanes fly over the garrison on a regular basis.

Attacks on government forces in Homs and Deir Ezzor increased in recent months. Most of the attacks were blamed on ISIS, which rarely claims responsibility.

The U.S. claims that it is present in al-Tanf to counter ISIS. However, the real purpose of the garrison is to block the strategic Damascus-Baghdad highway. The garrison is also reportedly being used as an outpost to collect intelligence, facilitate Israeli attacks against Syria and train militants.

Syrian and Russian officials accused U.S. forces in al-Tanf of training and arming militants, including members of ISIS, more than once in the past.

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