Lloyds Banking Share Discussion Threads

[joestalin] 16/5/2021 13:00

Leicester City, Burnley, Southampton, Palace and Villa are real football clubs.

The "big six" can be identified by the number of other town's losers that they attract.

[utrickytrees] 16/5/2021 12:49

Have to say the King Power Crew certainly give the impression that they are doing plenty when it comes to community initiatives & investment in the UK as well as football they are significant players in UK horse racing with a growing number of horsez at top yards. Good to see an East Midlands club pick up some silverware & a place in Europe.

[pandy999] 16/5/2021 12:09

I had a wet dream over the sturgeon ! does anyone think I need help ? .

[pdosullivan] 16/5/2021 12:08

Thanks Nick, it is refreshing to see this forum being used for the purpose it was set up for.

[diku] 16/5/2021 12:07

Those block of flats with electric only...tenants/occupiers have difficulty paying the high cost of electric bills...so they don't turn on eletric heating unless absolutely necessary...this in turn causes condensation/mould problems...vicious circle...



Roll on electric heating.

Gas 3p/kWh, electricity 15p/kWh

Great move.

You need a cop, or whatever it's called now, of 6 on average to make sense for the consumer. Very lucky to get an annualised cop of 2.5 in the real world, and less when it's cold and you want the heating on!

[xxxxxy] 16/5/2021 12:06

Woke stuff = Bonkers stuff

[xxxxxy] 16/5/2021 12:02

I know you know....Goodbye woke wonders!' BBC rival GB News to start broadcasting 'within weeks'GB NEWS, which is set to rival the BBC, will start broadcasting "within weeks", and commentators have been quick to react to the prospect of the Beeb having another competitor.By STEVEN BROWN09:09, Sun, May 16, 2021 | .... Daily Express

[miner1000] 16/5/2021 11:39

Nobody gives a flying f where you fly between or where your kids go to school. Are you insecure?

[miner1000] 16/5/2021 11:37

And be replaced by?

[asa8] 16/5/2021 11:01

The whole thing is a farce

[minerve 2] 16/5/2021 10:53

I see all the football morons are out again celebrating their title and trophy wins - most of them without masks. They should be rounded up and thrown in a Guantanamo copy for a couple of weeks.

[minerve 2] 16/5/2021 10:49

Dropping like flies but blocking the NHS for those that have brains.

[mikemichael2] 16/5/2021 10:47

They'll soon go and get a jab when they start dropping like fly's!!! Will this eventually mean our Doctors Surgery will have some spare waiting room seats???

[nick100] 16/5/2021 10:46

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

[pierre oreilly] 16/5/2021 10:32

The only rational conclusion is that someone wanted the Indian variant in the UK. There are no other rational solutions.

[minerve 2] 16/5/2021 10:29

20,000 Indians allowed to fly into this country whilst Boris sat on his fat thumbs.

Yes, he is doing a great job!


Hilarious!

[minerve 2] 16/5/2021 10:28

Utricky

They have everything to do with your point.

I didn't go to university.

Now you are twisting the argument.

LOL

You make it up as you go along.

[scruff1] 16/5/2021 10:27

Pierre
Last point about sums em up. Ya cant fool all the people all the time - though they havin a good try

[pierre oreilly] 16/5/2021 10:22

The Indian variant scare will die a death now that another Oxford study has found the current jabs work fine against it, as expected by the real experts. Disgraced prof pants down Ferguson is still the Beebs and boss goto scaremongerer. How many more countries are there in the world?