Lloyds Banking Share Discussion Threads

[zam1] 26/3/2024 12:53

Sold yesterday took some profit will buy back if I get an opportunity againDefinitely worth long term hold

[scruff1] 26/3/2024 09:29

Only affordable to benefits dodgers. Bought 4 pints of lager and a plate of padron peppers last night £52.

[jordaggy] 26/3/2024 09:08

The Co-operative Bank is cutting 400 jobs in its largest restructuring programme since its 2017 hedge fund rescue deal.

It said it had over the last three years pursued a strategy to “simplify and transform the business”, including investing more than £100m in a revamp of its IT system, which is nearing completion.

In the next phase of its turnaround plan, the bank has carried out a review to identify opportunities to simplify processes, reduce its cost base and make efficiency improvements. It has kicked off a consultation on an operating model restructure today, which will result in the net reduction of 400 roles across the bank, 12% of its workforce.

The decision has not been made lightly, and the bank will continue to work closely with our trade union and to support impacted colleagues.
A spokesman for the Co-operative Bank added:

This is a decision made by the Bank. The changes we have announced today are completely separate from the previously announced discussions with Coventry Building Society.

[scruff1] 26/3/2024 08:44

Let us know when you do.

[eeezeeetiger] 26/3/2024 08:40

Totally agree with the owl. Sold all my shares here recently as I have decided to reinvest elsewhere for larger dividends. I will buy back in later this year after the FCA ruling and/or the result of the GE. The buybacks IMO are just propping this up atm after the gains of the last month.

[xxxxxy] 26/3/2024 08:30

The Bank of England could begin cutting interest rates before the US and the eurozone in a sharp reversal of previous expectations, according to traders.Money markets indicate that there is a 20pc chance that policymakers in Britain could announce a first interest rate cut since the pandemic in May.....Daily Telegraph

[the_owl88] 25/3/2024 20:42

They need to stop the buybacks till 11 April. Let it float +/- 50p, then use the 'non-buy-back' days ++ (about 20days worth by then = 20 x 20m avg) to hoover up divi sellers.

If they do that, on hardup1s figures (for which big thx keeping us uptodate :-) should still be c70% left in the buy-back pot for extra fire-power rest of the year if markets tank, or for Q1/H1 results.

[utrickytrees] 25/3/2024 20:32

Tbf we can't even fix a pothole.

[scruff1] 25/3/2024 18:39

So blacks are not in favour of reparations? Nice.

[hardup1] 25/3/2024 17:59

After 22 trading days, buyback complete to date:
Shares today.................................4,959,088
Cost today.................................. £2,573,315.39
-----------------------------------------------------------
Total shares to date........................470,173,814
Aggregate cost to date... ..................£227,070,613.41
Average price paid to date..................48.2950
Percentage of £2 billion buyback completed..11.35%

[scruff1] 25/3/2024 17:29

Heres one to restore your faith in British engineering chaps. Today I drove across the Dubai peninsula (or whatever its called) towards Oman. Brand new road. 90km. Goodness knows knows how many 1.5km long tunnels. Perfect driving surface. Cost £1.8bn. Time taken to construct - 4 thats FOUR with an F - FOUR - years. HS2 to date £60bn. How long has it taken to get to Birmingham before being abandoned as a lost cause? Comments please

[utrickytrees] 25/3/2024 17:16

LB, he highlights how modern PC protocols the West been so quick to embrace are infact communist ideologies. I thought his 10 flies example was thought provoking.