Lloyds Banking Share Discussion Threads

[338] 31/7/2019 08:32

Can it go below 40p post brexit

[montyhedge] 31/7/2019 08:29

45p here we come leading up to Brexit. Disappointing.

[mikemichael2] 31/7/2019 08:29

At least Min will be very happy seeing his 'pals' on here suffer, when he rises from his drunken stupor.

[careful] 31/7/2019 08:27

One bit of good news is that boris says we may have to stay in the customs union for 2 years after Brexit.
Reality at last.

[molatovkid] 31/7/2019 08:25

Still making billions!

[careful] 31/7/2019 08:25

In part Lloy were hit by impairments caused by weakening second hand car prices.

Glad when this week is over as I own Centrica and Lloy.

[jackdaw4243] 31/7/2019 08:24

Added a few from funds at Lloyds earning diddly squat for the divi. Oh for the days of yesteryear.

[aceuk] 31/7/2019 08:21

Seems just a little bit of an over-reaction ….

[careful] 31/7/2019 08:20

Weaker second hand car prices.
An economy built on debt.
Banking is a risky business.

[likeawalrus] 31/7/2019 08:18

I cant see the logic in moving to quarterly dividends especially when the economy could take a hit from brexit and loan loss provisions are going to soar

[broadwood] 31/7/2019 08:17

July 2019 | 07:48am


- Lloyds Banking Group delivered a modest beat on second-quarter profits expectations and raised its dividend, though said it expected its capital build for the year to come it at the lower end of expectations as it set aside more funds to meet a ramp in payment protection insurance claims.

The bank flagged an additional PPI charge of £550m in the second quarter driven by significant increase in information request volumes in the second quarter, ahead of the August deadline.

For the three months ended 30 |June 2019, adjusted pre-tax profit fell to £2.03bn from £2.2bn last year, but that was expectations from UBS for a profit of £1.9bn.

Total income of £4.4m, down from £4.65m, was slightly below expectations of £4.5bn.

The net interest margin – the difference between money earned on loans and paid on deposits – fell to 2.90% from 2.91%, in-line with analysts' estimates.

The CET1 capital build totalled 70 basis points with the group's pro forma CET1 ratio increasing to 14.6 %, pre dividend.

The company declared an interim ordinary dividend of 1.12 pence per share, up 5% on last year.

Looking ahead, the company expected its capital for the year to be at the lower end of its ongoing 170 to 200 basis points range, and for return on tangible equity to be around 12 %.

[m4rtinu] 31/7/2019 08:17

Timing and apportionment of new quarterly dvis:

"The first three quarterly payments, payable in June, September and December will be 20 per cent of the previous year's total ordinary dividend per share. The fourth quarter payment will be announced with the full year results, with the amount reflecting the Group's financial performance and our objective of a progressive and sustainable ordinary dividend. The final dividend will continue to be paid in May, following approval at the Annual General Meeting.

[jordaggy] 31/7/2019 08:16

No mention of the tie up with Shroders?

[molatovkid] 31/7/2019 08:16

If maintained, its a 6% dividend at 52p and 3.2p for the year

[m4rtinu] 31/7/2019 08:11

Yes, Essential.

"The impairment charge increased to GBP579 million [up from £456m last H1] and was driven by a number of items including some weakening in used car prices, alignment of credit card provisioning methodologies, lower cash recoveries following prior year debt sales and two corporate cases in Commercial Banking."

[m4rtinu] 31/7/2019 08:06

Current share price looking shaky!!

[essentialinvestor] 31/7/2019 08:05

The comment on impairments not helping.

[montyhedge] 31/7/2019 08:04

Disappointing.

[m4rtinu] 31/7/2019 08:02

A bit on dividend and share buyback. The latest share buyback is 50% complete. I assume the 1.4 billion is "number of" and 1.75 billion is "value of"??

"The strong capital build has enabled the Board to announce an increased interim ordinary dividend of 1.12 pence per share, up 5 per cent, in line with the Group's progressive and sustainable ordinary dividend policy. As also announced in May, the Group will commence paying quarterly dividends in 2020 which will provide a more regular flow of dividend income to shareholders.

Good progress has also been made on the share buyback that was announced with our full year results at the time of issuing results we have bought back approximately 1.4 billion shares, with around 50 per cent of the up to GBP1.75 billion programme now completed."

[bargainbob] 31/7/2019 08:01

Mr blobby got his 5 million pay out .

[betonme] 31/7/2019 07:51

any one got lvl 2 price updates ?

[jordaggy] 31/7/2019 07:46

Polar, we were knocked by one off costs...else we would have come in at £4.2B. We're a boring bank - that's good!

[polar fox] 31/7/2019 07:43

Overall, I find the RNSs disappointing, both the numbers and tone. PPI horrid.

Worth noting that the dividend increase has missed the market consensus. For months, the consensus was 3.39, implying 1.13 + 2.26. Recently, it was increased to 3.42, implying 1.14 + 2.28. So it comes in at 1.12.

Now I must get away from this dreadful thread.