Lloyds Banking Share Discussion Threads

[mr.elbee] 10/5/2024 08:48

ah... you are talking CONSULTANCY....... without it where would the elite be?

[scruff1] 10/5/2024 08:19

FFS. Green Party - Barbecues should only be allowed on special occasions. About right for loony land. Would make a good govt.

[freddie01] 10/5/2024 07:28

Lloyds a 'buy', says investment bank; here's why


Deutsche Bank has initiated coverage of Lloyds Banking Group PLC (LSE:LLOY) with a 'buy' rating and a price target of 61 pence with analysts expecting margins to stabilise in the third quarter.

The benefits of what it described as a 'structural hedge' are likely to offset the adverse effects of potential base rate cuts, it added.

In a note to clients, Deutsche also points to a reduction in the number of shares by 14% from 2023 to 2026 and an increase in the capital conversion rate from 88% to 107% as potential positive financial drivers. As a result, Lloyds' free cash flow yield is expected to reach about 16% by 2026.

Additionally, the bank's tangible net asset value (TNAV) is projected to rise by 33% to 68p by the end of 2026, it said.

While Lloyds is targeting a return on tangible equity (ROTE) greater than 15% for 2026, the German bank's forecast is slightly conservative at 13.7%.

However, an anticipated increase in the hedge's effectiveness could narrow this gap. It's important to note that the "cash ROTE," which considers the bank's deferred tax assets—the largest in the sector—will be approximately 0.90 percentage points higher than the reported ROTE.

The analysis also acknowledges potential risks from the Financial Conduct Authority's Motor Market Review. However, a "reasonable" worst-case scenario would limit the cost to about 3.5 pence per share, with a strong likelihood of lower impacts similar to those seen in past financial protections like the Payment Protection Insurance (PPI) redress schemes.

In afternoon trading the stock was changing hands for 54p - barely changed on the day.

[jordaggy] 10/5/2024 06:01

Incredible admission...'why does the US/UK governments sell bonds to borrow money when it can just print the money'...well actually the central bank prints the money - it's a massive Ponzi scheme/scam. And that's the problem with fiat money, it's not real.

[al101uk] 09/5/2024 23:18

Car seats?

And what the hell is a plate car and why would anyone want 20 of them?

[diku] 09/5/2024 21:52

Talking of Bojo...heard in the news last week about Bojo going to vote...instead of taking photo ID to vote...Bojo showed his photo on a magazine cover to the official ...

[stonedyou] 09/5/2024 21:30

RUSSIAN AEROSPACE FORCES RECEIVE ANOTHER BATCH OF SU-35S FIGHTER JETS (VIDEO)

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The Russian Aerospace Forces (VKS) received another batch of Su-35S fighter jets which were produced by the Gagarin Aircraft Plant in Komsomolsk-on-Amur, the United Aircraft Corporation (UAC) announced on May 8 .

“The plant in Komsomolsk-on-Amur has reached a rhythmical production pace this year. It is the second batch of combat aircraft delivered to the Aerospace Forces. The plant fulfills the commitments in the deliveries of new aircraft and works to create new batches of serial Su-35 and Su-57 jets,” UAC CEO Yury Slyusar said.

The company said that the newly-built fighter jets passed ground and flight trials and flew from Komsomolsk-on-Amur to the deployment airfield.

The Su-35S was designed by the JSC Sukhoi Company to engage all types of aerial targets in long and close ranged air battles as well as to attack ground and sea-surface targets including those covered by air defenses and located far behind the frontline.

The fighter jet is equipped with the advanced Irbis-E multi-mode, hybrid passive electronically scanned array radar system, which can detect and track up to 30 airborne targets at one time at ranges of up to 350 kilometers and attack up to eight of them.

It can be armed with a variety of advanced long-range precision-guided weapons, including the R-37 air-to-air missile, the Kh-59 land-attack cruise missile, the Kh-58 anti-radiation missile and the Kh-35 anti-ship cruise missile.

This was the second batch of Su-35S fighter jets to be delivered to the VKS this year. The first batch was handed over on April 11.

More than 100 Su-35S are currently in service in the VKS. The Su-35 first demonstrated its advanced combat capabilities during counter-terrorism operations in Syria, then in the course of the special military operation in Ukraine.

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[stonedyou] 09/5/2024 21:27

MILITARY SITUATION ON UKRAINIAN FRONTLINES ON MAY 9, 2024 (MAPS UPDATE)

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Russian forces repelled attacks near Senkovka;

Russian forces repelled attacks near Stelmakhovka;

Russian forces made new advances in Staromaiorske;

Russian forces advanced in Netailove;

Clashes continued in Robotyne;

Clashes continued in Krasnogorivka;

Clashes continue in Krynky;

Clashes continue in Chasov Yar;

Russian forces eliminated 40 servicemen, two D-20 howitzers, and one 122-mm D-30 howitzers in the Kupyansk area;

Russian forces eliminated 215 servicemen, two armoured personnel carriers, one M113, two motor vehicles, one M777 howitzer, four D-20, two D-30 howitzer in the Donetsk area;

Russian forces eliminated 380 Ukrainian servicemen, one tank, two infantry vehicles, two 155-mm U.S.-made M777 howitzers in the Avdeevka area;

Russian forces eliminated 175 servicemen, two tanks, two armoured personnel carriers, three motor vehicles, one FH-70 howitzer, two Gvozdika artillery systems in the Southern Donetsk area;

Russian forces eliminated 35 Ukrainian servicemen, two motor vehicles, and two 155-mm U.S.-made M777 howitzers in Kherson region;

Russian air defense forces intercepted 28 Ukrainian drones over the past day;

Russian air defense forces shot down two ATACMS missiles, 15 Vampire missiles, one HIMARS projectile, five Hammer bombs over the past day;

Russian forces continue the mop up operation on the outskirts of Keramik;

Clashes continued near Novopokrovsk;

Clashes continued on the outskirts of Novoleksandrivka;

Up to 380 Ukrainian servicemen, one tank, two infantry vehicles, two 155-mm U.S.-made M777 howitzers were destroyed in the Avdeevka area;

Russian forces advanced in the center of Netailovo;

Russian forces expanded the zone of their control south of Pervomaiske;

Clashes continue on the southeastern outskirts of Umanskoe;

Clashes continue on the outskirts of Novopokrovsk;

Up to 380 Ukrainian servicemen, one tank, two infantry vehicles, two 155-mm U.S.-made M777 howitzers were destroyed in the Avdeevka area;

Russian forces advanced and entered Krasnogorovka from the northeastern side;

Clashes continue in the central part of Krasnogorovka;

Clashes continue in the central part of Georgievka;

Up to 215 servicemen, two armoured personnel carriers, one M113, two motor vehicles, one M777 howitzer, four D-20, two D-30 howitzer were destroyed in the area;

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[xxxxxy] 09/5/2024 21:22

Dominic Cummings has unveiled plans for a new "Start-Up Party" which he claims could replace the Conservatives.Speaking to the i paper in his first interview since leaving Downing Street in 2020, Boris Johnson's former chief adviser said the new party could capitalise on the expected collapse in the Tory vote at the next general election.... Daily Telegraph

[aceuk] 09/5/2024 19:10

Pretty pointless things nowadays Central Bank Interest rates - everything but everything is on fixes and everybody apparently knows the day after their wages come in it's gone again.

There's adverts running currently on ITV for 20 plate cars, drive away for 99 quid or something then so much a week - DFS have an awful lot to answer for ;-)

[mr.elbee] 09/5/2024 19:00

Chief?
BOE should not move until Fed does ???/(

REPLACE "SHOULD " WITH " WONT"

BASED ON GLOBAL HOTMONEY FLOWS, AND YOU WOULD BE ABOUT RIGHT.

London being a global centre for financial flows cannot act alone ...Labour did in the past leading to runs on the pound and imported cost push inflation..but all the youngsters have to look in a book for this,


we were there.

[marktime1231] 09/5/2024 18:19

Hardup you excel. The slower pace means we won't have such a gap between this year and next, and / or they are waiting for better prices?

[hardup1] 09/5/2024 18:11

After 52 trading days, buyback complete to date:
Total shares to date........................1,175,540,578
Aggregate cost to date... ..................£592,255,537.09
Average price paid to date..................50.3815p
Percentage of £2 billion buyback completed..29.61%



For comparison to progress compared to last years buyback, after 52 trading days of the 2023 buyback:
Total shares to date........................1,850,315,343
Aggregate cost to date... ..................£887,348,770.86
Average price paid to date..................47.957p
Percentage of £2 billion buyback completed..44.37%

[chiefbrody] 09/5/2024 18:10

BOE should not move until Fed does (imo). All this ranting and raving about a rate cut is ridiculous. Cannot ever remember a time when there was so much hate for what is a pretty normal 5% ish.

[chiefbrody] 09/5/2024 18:06

54p again (well nearly). Whats it gonna do this time. Onwards or retrace again. Seems painfully slow progress above 50p but mustn't grumble I guess (though I am since the share price is so pathetic).

[hardup1] 09/5/2024 17:25

74foxy......."In isolation interest rate cuts are bad for banks as it reduces their Net Interest Margin (NIM)"
Yet interest rate rises which are supposed to be good for banks as it increases their NIM did not result in the Lloyds share price taking off which everyone expected?

[74foxy] 09/5/2024 15:56

It's a double edged swordIn isolation interest rate cuts are bad for banks as it reduces their Net Interest Margin (NIM) which is the difference between what they pay for deposits and what they charge on loansHowever. The schizophrenia on share price is driven by by the fact that lower interest rates will be a sign inflation is under control which means less stress in the economy which means generally a more healthy economy which is good for banks Lloyds doesn't really have much in the way of generating fees like Barclays does with its investment bank so Lloyds is more sensitive to NIM than some of its competitors

[scruff1] 09/5/2024 14:30

Andrew is a lad. 'Im not cutting rates - but when I do it will be a big un'.

[mr.elbee] 09/5/2024 12:58

but if they ignore the US the pound will slump and then ALL political parties pretending to be government are well and truly in the ddoo ddoo

Yes he is gutless you are quite right but this time it is not a question of guts

[marktime1231] 09/5/2024 12:45

"The governor of the Bank says it needs to "see more evidence" of falling inflation before cutting the base rate"

Well the next UK CPI figures for the year to April are released on 22 May. So Fat Boy why not time your decision with those figures available instead of hiding behind what you say is an inability to see what everyone else can see ... we are confidently told in the financial press that it is now a consensus that CPI will print below 2%. If others have preview why don't the BoE? How much more evidence do you need!

Bernanke should have been more direct in his criticisms of the BoE inability to see what is going on and have the confidence to make timely decisions rather than leave it until too late.

How about responding to increasing evidence that high interest rates are stalling the UK economy?

The Fat Boy is gutless, waiting for a cue from the US so he can hide behind their decision, fiddling when what the country needs is a boost. Bravo to the two who voted for a cut.

[noramping] 09/5/2024 12:12

2 voted to cut , up from 1 last time