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02/6/2021
10:58 | sharesoc: In case you missed our webinar with Lloyds the recording and stockopedia report can be found here: hTTps://www.sharesoc.org/seminar/sharesoc-yellowstone-webinar-with-lloyds-banking-group-plc-lloy-24-may-2021/
To access the recording, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the recording (and recordings/reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/
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01/6/2021
15:49 | arja: maybe a switch from LLOY to VMUK would prove fruitful for some of you LLOY holders
if LLOY can not break that 50 barrier decisively soon ? I hole VUK on oz market and a good trading stock but UK is lead market normally as proved the case today
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18/5/2021
13:56 | sharesoc: Lloyds present at our webinar on the 24th May for a retail investor update. Register here: hTTps://www.sharesoc.org/events/sharesoc-yellowstone-webinar-with-lloyds-banking-group-plc-lloy-24-may-2021/
Carla Antunes da Silva (Group Strategy, Corporate Ventures & Investor Relations Director), Douglas Radcliffe (Group Investor Relations Director) and Fiona Cannon OBE (Group Sustainable Business Director) will be presenting.
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16/5/2021
10:46 | nick100: First-quarter results to 31 March
Net income down 7% to £3.66 billion
Pre-tax profit of £1.9 billion, up from £74 million in Q1 last year
Net impairment credit of £323 million versus loan impairment loss of £1.43 billion in Q1 2020
Capital cushion of 16.7%, up from 14.2% in Q1 2020
Guidance:
Operating costs to reduce to £7.5 billion versus costs of £8 billion in 2020
Intention to accrue dividends and resume progressive and sustainable ordinary dividend policy
Chief executive António Horta-Osório said:
"The coronavirus pandemic continues to have a significant impact on people, businesses and communities in the UK and around the world. Whilst we are seeing positive signs, notably the progress of the vaccine roll-out and the emergence from lockdown restrictions, the outlook remains uncertain.”
ii round-up:
Founded in 1765, Lloyds Banking Group
LLOY
2.65%
is today home to household brand names including Lloyds Bank itself, Halifax, MBNA and Schroders personal wealth.
It operates through the three core divisions of Retail, Commercial Banking and Insurance and Wealth.
In 2018, it launched a strategy to transform the bank for success in a digital world and now has over 17 million digitally active customers - the largest in the UK.
For a round-up of these latest results, please click here.
ii view:
Having transformed since the financial crisis of 2008, Lloyds Banking Group is now largely dependent on the UK economy. Personal and business banking, along with life and non-life insurance activities now provide its core activities. Its controversial acquisition of Halifax bank during the financial crisis added significantly to its mortgage loans, a product arena which it has extended subsequently.
During this latest quarter, its mortgage book increased by 6% to £283 billion out of a total loan book of £443.5 billion. Small to medium sized corporate lending rose by 28% to £41 billion. Less favourably, credit card lending fell by 19% to £13.5 billion and overdraft lending retreated by a quarter to £900 million.
For investors, the recent downgrading of the ‘Help to Buy’ scheme offers a degree of caution in relation to future mortgage lending. The bank’s dependency on the now highly indebted UK economy also needs to be remembered. As does the now imminent change of the chief executive.
But despite ongoing pandemic uncertainty, the significant reduction in bad debt provisions to a small writing back of prior expected losses is a major positive. Further write-backs could also be seen later in the year. An increase in the capital cushion adds to balance sheet reassurance. And the previous restarting of the dividend payment now sees analysts estimating a forward dividend yield of just over 4% (not guaranteed). A rise in interest rates further down the road is also typically a boost for banks. In all, and with the share price sat at around 0.9 times the bank’s tangible net asset value, longer-term investors will likely remain optimistic.
Positives
Dividend payment restarted
Improved capital cushion
Negatives
Ongoing pandemic uncertainty
Low interest rates are considered broadly bad for bank profits
The average rating of stock market analysts:
Buy
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05/5/2021
09:49 | knowing: #LLOY have now 19 analysts covering the company.The range between the high target price and low target price is between £.99 and £.56 meaning the average target price is £.75.
Https://www.directorstalkinterviews.com/lloyds-banking-group-ord-10---consensus-indicates-potential-65.9-upside/412985252
Https://www.ii.co.uk/analysis-commentary/lloyds-banking-group-where-share-price-could-go-next-ii515940
Https://www.fool.co.uk/investing/2021/05/04/the-lloyds-share-price-leapt-7-last-week-but-it-could-go-much-higher/
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28/4/2021
08:23 | pierre oreilly: Graham, that's my reading of it. Sainsbury's did similar. They passed a Divi, then at the interims, they decided to pay the interim along with a special equivalent to the passed Divi.So lloy are saying we're saving up the divis and will pay them when we can. I'd prefer it if lloy told the gov to eff off and pay it anyway, like lgen did.
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28/4/2021
08:12 | grahamite2: Accruing dividends with intention to resume progressive and sustainable ordinary dividend policy
What exactly does "accruing" mean in this context? Putting all the dividends they aren't allowed to pay on one side with a view to adding them to normal dividends when restrictions are lifted?
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30/3/2021
22:38 | stonedyou: Lloyds ahead of economy’s reopening.
Recent employment figures have seen a relatively good performance in the UK economy for a few weeks, as according to the Office for National Statistics, the unemployment rate fell to 5.0% in January, while the data that has currently been published on the country’s inflation shows that it is still mild, with average consumer prices falling from 0.7% to 0.4% in February and some analysts have expressed that there are not many possibilities for the Bank of England to implement negative short-term interest rates.(1)
In this context, Lloyds Bank have managed to boost themselves as they seek to become an important owner in the United Kingdom, with the aim of diversifying their income in a period of low interest rates. They are considering buying and renting new and existing houses nationwide by the end of the year in order to generate large returns as the country has a high housing deficit, which could mean that the bank’s profitability for shareholders becomes relatively minimal.
During the trading hours on Thursday, Lloyds Banking Group shares were trading down GBX 0.47 at GBX 41.77. About 226,447,873 shares of the company were exchanged, compared to its average volume of 208,524,891. The company has a 50-day moving average of GBX 39.14 with a 200-day moving average of GBX 33.84, with a 1-year low of GBX 23.59 and a 1-year high of GBX 42.33, so Lloyds currently has a market capitalization of $40.64 billion (29.59 billion pounds) and a price/earnings ratio of 35.20. Similarly, Lloyds also revealed that its dividend will be paid on May 25, so shareholders registered a couple of weeks ago that they will receive a GBX 0.57 dividend, which represents a yield of 1.45%. (2)
https://www.fxstreet.com/analysis/lloyds-ahead-of-economys-reopening-202103260930
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30/3/2021
22:36 | stonedyou: The Lloyds share price still looks cheap to me! I’d buy it today in an ISA.
Trading at just over 40p, the Lloyds Banking Group (LSE: LLOY) share price still looks like a bargain to me. I say ‘still’ because the FTSE 100 bank has been on a rip-roaring run lately, rising 70% in the last six months.
Despite this, I continue to see a great buying opportunity here. The Lloyds share price has taken such a beating over the last decade that it remains inexpensive, despite its rapid growth surge in recent months. That’s why I’d buy it in a Stocks and Shares ISA today.
Measured over five years, the stock is down 40%. It actually trades a third lower than 10 years ago, when the Lloyds share price topped 60p. The trauma of the financial crisis has cast a long shadow, and the pandemic has made matters worse.
https://www.fool.co.uk/investing/2021/03/26/the-lloyds-share-price-still-looks-cheap-to-me-id-buy-it-today-in-an-isa/
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04/3/2021
16:23 | whitestone: https://citywire.co.uk/funds-insider/news/david-stevenson-financials-have-huge-upside/a1475615?ref=citywire-money-latest-news-list
David Stevenson: Financials have 'huge upside'
"....So what to buy?
Which leads us to the next obvious question – what to buy?
The simplest route is to buy individual bank stocks, and top of my list would be the UK banks. The cheapest banks globally are the British banks, for an obvious reason.
Our domestic economy took a bigger hit which has in turn hurt the UK banks disproportionately. But we have also collectively made matters worse by having some of the fiercest regulations, which have forced the big players to constantly improve their balance sheets. Many fund managers I’ve talked to in this space have very low UK exposure and remain unconvinced but if like me you think that scepticism is overdone, I would highlight Lloyds Bank which I think is really dirt cheap.
I would also add one observation. If you look at the specialist market for credit default swaps, Lloyds Bank (LLOY) now has some of the lowest risk pricing on the planet. At the one-year level, Lloyds rates are now in the low single digit basis points which implies that most swap traders think that the risk of default is incredibly low. Put simply, Lloyds is now rock solid....."
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PLUS1
