Lloyds Banking Share Discussion Threads

[bbalanjones] 20/2/2020 10:56

GAMMON ?! Bah Bah Bah!!!!

[xxxxxy] 20/2/2020 10:56

497 Brilliant article.

[m4rtinu] 20/2/2020 10:55

AR snippets #2

"Completed the integration of MBNA,realising a return on investment of 18 per cent, ahead of original target."

"Impairment increased 21 per cent, with some weakening in used car prices, methodology refinements and lower cash recoveries following prior year debt sales, while underlying drivers remain strong, particularly in the mortgage book."

"Strong growth in life and pensions sales, up 22 per cent, driven by increases in new members in existing workplace schemes, increased auto enrolment workplace contributions and bulk annuities. On track to achieve 15 per cent market share of
workplace business by end of 2020 compared to 10 per cent market share at start of 2018"

"Wealth income and operating costs impacted by the transfer of assets to
Schroders Personal Wealth in October 2019.

Underlying profit [in Wealth & Ins] increased by 19 per cent to £1,101 million. Net income increased by £145 million to £2,133 million, whilst operating costs decreased by £39 million with cost savings offsetting higher investment in the business"

[mr.elbee] 20/2/2020 10:53

a share for widows and orphans Poikka..not to be traded.

[derwent4] 20/2/2020 10:53

wen is ex divi date and pay date

[poikka] 20/2/2020 10:52

"It's interesting that, after 50 minutes or so, nobody of any consequence has commented on the Results."

Anyone who's read the comments on the other thread will have gained zero new insight into Lloyds.

[gbh2] 20/2/2020 10:52

Good news doesn't create Panic, as for your personal habits, best kept to yourself imo .

[ekuuleus] 20/2/2020 10:44

It is NOT really a science..more an Art form with a bit of maths thrown in.

I'll second that.

I have a genius musical friend..world class..like you..But he thought he could apply his undoubted genius to selling cars.

Err, can't be that much of a genious. Any intelligent person knows that you have to be clever to sell car's. Being stupid probably helps more than being intelligent.

Intelligent people are more inclined to be honest. Not a great trait for sales.

[mr.elbee] 20/2/2020 10:30

good call galaxy

[mr.elbee] 20/2/2020 10:27

Dr. you never raised any points..not one economist EVER worries about 0.1%

the whole argument did not turn on that figure.

You are a scientist with impeccable credentials..Full respect for that.

But you havent the faintest clue about economics.

As I predicted..another politically and economically naive scientist.. The only ones who have the faintest clue about how economies work,from the natural sciences, are meteorologists and some physicists and geologists... but you have,unfortunately,confirmed my clear prejudice.

You have to read the literature..have the background....... keep the politics in mind ,.........understand the constant variability of basic theories and the model's assumptions[which are usually plucked out of thin air]...and then make a judgement call..that is economics..It is NOT really a science..more an Art form with a bit of maths thrown in.

I have a genius musical friend..world class..like you..But he thought he could apply his undoubted genius to selling cars.

I dont need to tell you the rest. It comes from the colossal arrogance that being an"expert" brings..sad but human and true.

[m4rtinu] 20/2/2020 10:13

Some random bits from the Annual Report #1:

"While we concluded that we should be prudent in not distributing further capital
this year, the Board will continue to assess this in future years."

" ... we continue to invest in new growth opportunities. In 2019 we successfully
launched Schroders Personal Wealth with the ambition of becoming a top three financial
planning business by the end of 2023 as a complement to our growing pensions and
retirement business in Scottish Widows. We also acquired Tesco Bank’s £3.5 billion UK
prime residential mortgage portfolio."

[bbalanjones] 20/2/2020 10:12

26% of current share price paid out over last 5 years. . . . .keep on truckin.

[freddie01] 20/2/2020 10:09

You beat me to it meek.

Sky News basically just printing all the negative stuff.

[freddie01] 20/2/2020 10:08

PPI hits Lloyds gains as bank reports 26% drop in pre-tax profit


The staff bonus pool is cut, as is the chief executive's pay, as the lending giant reports its results for 2019.


Lloyds Banking Group has posted a 26% drop in pre-tax profits to £4.39bn for 2019.

The bank said it had reached a settlement with the Official Receiver over the mis-selling of payment protection insurance.

While the terms were not revealed, it was included in the £2.5bn set aside by the bank for the issue.

Lloyds said that other misconduct issues hitting its performance included its treatment of customers affected by fraud at its HBOS Reading branch.

Staff were among those to pay the price, with the bank cutting its bonus pool by a third to £310.1m.

Chief executive Antonio Horta-Osorio's pay was also cut by 28% to £4.73m. Mr Horta-Osorio will see his pension drop to 15% of basic salary, down from 33%, as part of efforts to narrow the gap between executive pay and the wider workforce.

Mr Horta-Osorio insisted the bank's results for 2019 were "resilient", with underlying profits down by 7% to £7.5bn.

He said: "In 2019 the group has continued to make significant strategic progress while delivering solid financial results in a challenging external market.

"Throughout 2019, UK economic performance has remained resilient in the face of significant political and economic uncertainty, supported by record employment, low interest rates and rising real wages.

"Although uncertainty remains given the ongoing negotiation of international trade agreements, there is now a clearer sense of direction and some signs of an improving outlook."

Lloyds also reported that its impairments on bad loans hit £1.3bn, up from £937m the previous year, due to weakening second-hand car prices affecting its motor finance business and two large company failures hitting its commercial division, possibly suggesting trouble ahead for the UK economy.

Shares were up 2.3% in early Thursday trading.

[minerve 2] 20/2/2020 10:05

Patel sees herself as 'white skin'.

Sorry love.

LOL

[wskill] 20/2/2020 10:05

Seems all good to me 3 billion profit after 2.45billion ppi at least we will not have that again.next year rodders we will be rich at least we have a very decent dividend while we wait.

[minerve 2] 20/2/2020 10:04

Gunman in Germany was a far-right activist.

Farage would be proud. I bet he has white skin too.