Lloyds Banking Share Discussion Threads

[phil2003] 20/2/2019 10:08

Last visited this thread in 2008!!
Looking at my memo this time round (56.1p into SIPP) looks like the only time I’ve made any money on Lloyd’s..

60p resistance now looking weak

[alphorn] 20/2/2019 10:08

pf - may be. The question always is 'can you make more money expanding the business versus a buyback'? Their current strategy does not include any real expansion.

[jrphoenixw2] 20/2/2019 10:02

Thanks jpj, that was the info I was in 10minutes about to realise I had to find :)

Their website isn't updated yet...
'Description Final 2018
Dividend (per share) xxxp
Ex Dividend Date 04/04/2019
Record Date 05/04/2019
Payment Date 21/05/2019'

[jpjohn1] 20/2/2019 09:55

Lloyds ex- div. 4th AprilPayment 21st May. 2.14p

[jpjohn1] 20/2/2019 09:55

Lloyds ex- div. 4th AprilPayment 21st May. 2.14p

[polar fox] 20/2/2019 09:54

You guys who are talking about buybacks vs dividends, Culmer will probably retire about the time the half-yearly is published, in August. So Chalmers will have joined by then and have his feet under the desk properly for 2019's Results. The obvious question will be, will his arrival lead to a change of thinking? - perhaps a LITTLE more on dividend increases, rather than suppressing them in favour of buybacks?? We'll have to wait and see, come 2020.

Add: Half-yearly is 31 July.

[fatnacker] 20/2/2019 09:52

lmao grahamite

[alphorn] 20/2/2019 09:40

I don't think that he knows what he is talking about - just the most unpleasant rambling. I don't filter him on the basis that once in a blue moon he has something vaguely interesting to say.

Probably the cue for Devoid to appear miraculously.

[grahamite2] 20/2/2019 09:37

Jacko, politics is all very well but we're talking about money here!

[renewed1] 20/2/2019 09:37

5p a share dividend!!!!who is this d... Maybe in 20 years when Antonio has long been ousted.

[ttg100] 20/2/2019 09:31

Wall: And what's the third stock pick?

Buxton: The third stock is an old favorite of mine. It's Lloyds Bank. At the moment, it is sort of going up and down on Brexit news and perceptions. But I think, again, get beyond Brexit then actually the earnings power of this bank is in no way reflected in the valuation. It's a hugely capital generative bank now. The opportunity there for it to continue to both buy back shares and offer very significant dividend growth I don't think is reflected in the valuation. They still trade at a modest discount to book value.

Wall: And you hinted there – do you expect the dividend will be raised over coming years, because Lloyds used to be a stalwart of any income portfolio, but then it absolutely fell from favour?

Buxton: Yes, of course. No, I think, it very much will be able to crank out dividends. I mean, with the shares trading where they are today, I can understand why they are devoting some of the money to buying back stock. But I think at the fullness of time this is a bank that could be generating dividends of 5p a share perhaps, which you know, on today's 56p share price, you know, that's pretty compelling.

Wall: Richard, thank you very much.

Buxton: Thank you.

Wall: This is Emma Wall for Morningstar. Thank you for watching.

[patientcapital] 20/2/2019 09:28

Enhances EPS over time.

[bbonsall] 20/2/2019 09:26

Last year’s buyback, supposedly returning capital to shareholders, saw a 15% to 20% share price fall. How is that helping shareholders? I always prefer dividends to share buybacks because I can see the money being returnd to me.

[philanderer] 20/2/2019 09:20

Seems to be resistance at 60p :-S

[chiefbrody] 20/2/2019 09:15

Last years buyback (1 billion) increases EPS by 0.1p....Presumably this years larger buyback (and with the shares trading lower) will increase EPS by 0.2p.Value for money?

[optomistic] 20/2/2019 09:11

"I Would have preferred a special div to a buyback ( 1.75 Billion )"

...likewise, I can't spend a buy back!

[jpjohn1] 20/2/2019 09:07

Yes bargainbob, we never made quite the profit has expectations of over 6 billion . 5.96 Billion pretax profit, up from last year of 5.28 Billion. I Would have preferred a special div to a buyback ( 1.75 Billion )

[blusteradjuster] 20/2/2019 09:03

Some people prefer dividends to buybacks - I can understand why.

One reason is the bird-in-the-hand principle. Dividends are tangible and near-immediate.

Another reason is the opinion (perhaps an ego-driven delusion) that one can make better use of the money than the PLC. Thing is, if that were true, one shouldn’t be invested in that PLC’s equity in the first place.

[jpjohn1] 20/2/2019 09:02

Yes bargainbob, we never made quite the profit has expectations of over 6 billion . 5.96 Billion pretax profit, up from last year of 5.28 Billion. I Would have preferred a special div to a buyback ( 1.75 Billion )

[bargainbob] 20/2/2019 08:59

Please Jacko stop it .

[polar fox] 20/2/2019 08:54

Doesn't have to - markets don't move in straight lines. There is resistance at 60p and 62p - these will see profit-taking and consolidation etc.