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25/11/2020
10:43 | mitchy: The return of dividends favoured for Barclays and Nat West over lloy . But at least they're talking about divi returns.Will we recieve all of the 2019 dividend eventually or has that gone for good ?
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20/11/2020
22:58 | damanko: Crazi, happen somebody might think about starting a new thread:
Perhaps something along the lines of: "Lloyds Bank (LLOY) 'On Topic Only'."
Now there's a thought... Ho Hum. Whoever the 'moderator' of this thread is, he or she might take a moment or so to consider that comment. To my thinking it's not moderated in the slightest.
This thread has lost its plot. Quite some time ago. Obviously senile nutcases like portside1 I've filtered a long time ago, but I'll make an educated guess that the words scum & scumbag figure quite large and often in portside1's posts. A very sad individual. I'd like to feel sorry for him, but it's difficult. In any case, moving on from retards...:
When I joined the ADVFN community some 19 years or so ago, the vast majority of posts were relevant to a particular share/EPIC. This is no longer the case.
In fact I'll leave this thread in the next few days, and move to other online investment threads, free from left or right wing nutcases, whatever their age.
Threads that concentrate on investment stuff, and LLOY in particular. I will not be missed on this thread, but for sure I'll not miss some of the posters, many of whom appear to have an agenda more to do with politics and irrelevant stuff rather than what ADVFN BB's were originally set up for.
d.
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20/11/2020
10:11 | cobourg1: READ: Lloyds and its banking rivals have plenty of capital but will dividends return soon?
Some of the big lenders in the UK, along with peers in Spain, Holland and France, are trading even bigger P/E discounts.
“This reflects uncertainty about their ability to generate earnings amid the COVID-19 crisis, and their ability to pay dividends on those earnings,” analysts at the Swiss bank said in a note to clients on Tuesday.
If a successful vaccine comes to market and leads to a normalisation of asset quality and to dividend payouts, the analysts said Lloyds had the biggest potential re-rating upside based on normalised P/E.
The Bank of England, along with other European regulators, will provide an update on their dividend bans in December.
(Credit Suisse reported in Interactive Investors)
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18/11/2020
18:16 | cobourg1: Immunity to coronavirus lasts at least eight months and may even last for years, new research suggests.
A study of 185 Covid survivors looked at multiple types of immune cells, including those that store the "memory" of the virus, that can activate antibodies when they encounter a new threat.
The study, led by scientists at the La Jolla Institute for Immunology, part of the University of San Diego, is one of the largest so far, assessing several elements of the immune response including antibodies and T-cells.
It found that the "immune memory" may last for at least eight months after infection, with researchers saying the slow rate of decline in some cells required for immunity could mean it lasts longer.
The study raises hopes that the protection conferred by Covid vaccines could last for years instead of an annual jab being required.
Shane Crotty, a virologist at La Jolla, told The New York Times: "That amount of memory would likely prevent the vast majority of people from getting hospitalised disease, severe disease, for many years."
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Some good news from a Daily Telegraph article. 1:15 PM
I trade solely between BP and Lloyds, both very undervalued but currently I'm all in Lloyds. I've always thought that even the slightest hint of a dividend being allowed and it's 40p plus here. A Brexit deal would be another positive factor.
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17/11/2020
11:40 | xxxxxy: Ben in London. Photo: Kirsty Wigglesworth/APFor years UK stocks have been underperforming, under-owned, and unloved.But now, as the Brexit end game looms and a possible global COVID recovery beckons, analysts think that could be about to change."If people get more confident on the prospect of normalisation, if we get some more hopefully positive news on Brexit, then you should see the UK market going well," Themis Themistocleous, UBS Wealth Management's chief investment officer, told journalists on an outlook call on Tuesday.Analysts at UBS, Morgan Stanley, and Citi have all recently advised clients to buy into UK equities, arguing that the market could be a surprise performer in 2021.Morgan Stanley said in a note sent to clients on Sunday that the FTSE 100 (^FTSE) could rally by 17% next year. Citi this week told investors to consider an "aggressive" short-term bet on UK equities, Bloomberg reported. Analysts at the US bank said Britain's stock market was likely to outperform the US over the next few months.READ MORE: UK secures 5 million doses of Moderna's COVID-19 vaccineThe bullish bets are notable given the poor run British equities have been on since the Brexit referendum. The FTSE 100 is more or less at the same level it was on the day of the 2016 vote. Meanwhile, the S&P 500 (^GSPC) has risen 66% over the last four years and the MSCI World (MWS=F) has rallied over 45%.?The FTSE is more or less flat when compared to June 2016. Photo: Yahoo Finance UK"If we look at the UK market, it is trading at about a 25% discount to global markets," Themistocleous said. "The historical average has been about 10%, obviously for good reasons."If you look at the hit to the economy from COVID, it's been more severe than some of the other countries. We had the uncertainty about Brexit. There's been a number of things overhanging the UK economy."London-listed stocks have also suffered due to a comparative lack of tech on the market. Technology has been the stand out sector globally over the last decade. The FTSE 100 is dominated by oil and materials companies, financials, and domestic retail, none of which have performed well in recent years.Moving forward, this equity imbalance may actually work in the UK's favour. Recent positive COVID-19 vaccine news has prompted a historic global rotation away from growth stocks - like tech - towards value stocks - solid companies trading below their book value, typically in industries like banking or insurance.The years-long underperformance of UK stocks and the proliferation of steady, mature businesses that value investors love means the FTSE 100 looks well placed to benefit from the rotation."UK equities look extremely cheap versus peers and are very positively correlated to global value trends," a team of Morgan Stanley analysts wrote in a 2021 outlook note.READ MORE: COVID-19 vaccine: BioNTech and Pfizer report 90% effectiveness in trialsThis dynamic was already on show last week. The FTSE 100 had fallen 20% so far this year prior to Pfizer and BioNTech's positive vaccine news. However, the index rallied 7% last week after the pair said their vaccine candidate had a 90% effectiveness rate. Rupert Thompson, chief investment officer at Kingswood, said the UK was a "notable outperformer" globally.The fundamental outlook for many UK-listed businesses also looks strong. While tech businesses have benefited from the world being stuck indoors during the pandemic, a possible global recovery next year should benefit industrial companies and sectors like banking and energy that largely mirror the health of the economy."As we're coming out and the economy is starting to normalise, you would expect those sectors to lead the recovery," Themistocleous said. "If you look at earnings expectations for those sectors, they're likely to be a lot stronger than technology or the more defensive parts of the economy. You have earnings momentum in your favour."Morgan Stanley believes earnings per share on the FTSE 100 could grow by 35% next year, outpacing the 30% expected from the MSCI Europe index."If you look at the expected dividend yield from the UK, it is still very attractive," Themistocleous added. "The market is around 4% in an environment where it's very, very difficult to get yield, which is another aspect I think of with the UK equity market."The one hiccup for share prices could be the pound. FTSE 100 companies make around 70% of their earnings overseas, meaning any rally for the pound hurts bottom lines. A positive resolution to Brexit trade talks could spark such a rally but Themistocleous thinks UK stocks are still worth a punt."Net-net we still think the UK can still perform well in combination of earnings recovery, more confidence, multiple expansion, and closing the gap in terms of valuation relative to the other markets," he said.... Yahoo Finance
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11/11/2020
13:32 | utyinv: Alph,
Post 13531: Worth adding that many Prefs are cumulative whilst ords are not.
Absolutely right. For those not familiar, non-cumulative pref shares do not roll over to the following year if the bank decides not to pay a divi in that year, ie, it’s lost and cumulative Pref Shares mean that if a bank decides not to pay a divi in that year, that expected divi will roll over to be added to the following year.
However, Lloyds and NatWest have been paying both types of preference shares a divi whilst ordinary shareholders have had their divi held back to pay for possible bad debts.
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11/11/2020
09:37 | smartie6: Lloyds looking more attractive given moves on other banks?
All in all would say should be at 36p plus in comparison. Anyone feel likewise?
If dividend policies are supported next year then for Lloyds alone at this price in a few years you’d be looking at between a 10% and 15% dividend payment a year. Long term that’s an incredible investment, no?
DYOR.
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29/10/2020
11:58 | utyinv: Smartie6,
Post 13110, re dividends: Are you guys crazy. Paying dividends at a time of severe bad debt write off requirements. FFS. Bolster the capital base. Given current circumstances I thought you’d have realised that by now.
Why then have preference share holders received dividends? Yes all banks have continued to pay top rate dividend on preference shares, Lloyds, Nat West etc etc. Where is the logic of the purpose to withhold dividends, a directive by the BoE excludes some shareholders and not others?
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29/10/2020
10:17 | smartypants: Positive news from LLOY...
There is a first
In the three months to September 30, Lloyds' pretax profit surged to GBP1.04 billion from just GBP50 million a year before.
Lloyds noted it put aside GBP1.80 billion in the third quarter last year to cover a sharp rise in payment protection insurance claims - which was not repeated in the third quarter of 2020 as the deadline for claims has passed.
Net interest income dropped 16% year on year to GBP2.62 billion from GBP3.13 billion.
Net income fell 19% to GBP3.40 billion from GBP4.19 billion.
Banking net interest margin worsened to 2.42% from 2.88% a year before.
Lloyds operating costs were reduced by 2.6% to GBP1.86 billion from GBP1.91 billion, but the drop in revenue saw its cost-to-income ratio worsen to 56.9% from 47.6%.
"The impact of the coronavirus pandemic on the global economy and on people and businesses within the UK has been unprecedented. We remain focused on working together with the government and our regulators to ensure that we continue to support our customers in this challenging time," Chief Executive Antonio Horta-Osorio.
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26/10/2020
16:03 | xxxxxy: Regulators are considering allowing banks to restart dividends next year, following a prolonged suspension of payouts due to the COVID-19 crisis.Negotiations between the Bank of England (BOE) and commercial banks are ongoing and aim to allow banks to make shareholder payouts as long as loss-absorbing capital buffers remain strong, according to a report in The Times on Monday.The deal would require commercial banks to continue lending to the real economy, the report said.In April, HSBC (HSBA.L), Lloyds (LLOY.L), Barclays (BARC.L), Royal Bank of Scotland (RBS.L), Santander, and Standard Chartered (STAN.L) all cancelled dividend payments. The banks ruled out any other payouts for the remainder of 2020 and axed planned share buybacks.It came after a public call from the Bank of England to stop payouts to shareholders during the COVID-19 crisis. The European Central Bank (ECB) put similar restrictions on eurozone lenders.The Bank of England said in July it would review the dividend ban in the final quarter of 2020. The central bank said its decision would be "based on the current and projected capital positions of the banks and will take into account the level of uncertainty on the future path of the economy, market conditions, and capital trajectories prevailing at that time."According to The Times, one proposal on the table would see the regulator ending its ban as long as "capital ratios do not drop below an agreed floor" and net lending continues to rise.Dividends were initially suspended in order to preserve capital and ensure banks had enough cash to lend to companies and households.The Bank of England declined Yahoo Finance UK requests for comment.Barclays chief executive Jes Staley said in a statement last week that the bank "recognises the importance of capital returns to shareholders," raising the prospect that a dividend or share buyback could be announced if and when restrictions are lifted."We obviously believe that the financial strength of the bank is there," Staley told journalists on a third quarter earnings call. "We feel that the bank is extremely well capitalised, we've been profitable every quarter this year, we're very highly reserved and so that gives us a degree of confidence."READ MORE: UK small businesses urge more support as confidence hits record-lowsStaley said conservations between Barclays and the Prudential Regulation Authority (PRA) were ongoing."Let's see what we're in a position to do at our year end results," he said.Data released last week showed UK dividends fell 49.1% in the third quarter, dropping to £18bn ($23.3bn). It was the lowest third quarter dividend total for a decade.Banks accounted for almost two-fifths of the cuts and oil companies another fifth, according to the Link Group Dividend Monitor. Travel and leisure retailers were the worst hit.Including additional reporting by Oscar Williams-Grut.... Yahoo Finance
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