Lloyds Banking Share Discussion Threads

[jordaggy] 19/6/2024 08:30

Starmer went down on one knee in support for BLM. He still refuses to say what a woman is. I hate the man, he's a complete and utter twit.

[chinese investor] 19/6/2024 08:28

3p To 58p !

[gotnorolex] 19/6/2024 08:28

That was the Evening Standard reporting the on the 1st GE poll from Ipsos

[utrickytrees] 19/6/2024 05:10

Evening standard poll, about as representative as the Palestine Chronical or Fudge Packers Gazette I'd have thought?

[jrphoenixw2] 18/6/2024 22:46

Something like 600 of the most recent messages got removed/aren't visible or something else has broken....
What a shame this forum is so hard to maintain the integrity of....

[gotnorolex] 18/6/2024 22:09

Farage seething and snorting to see the Evening Standard poll!
Labour 43%...Cons...23%...Greens 9%...Reform 9%...Libs8%...Others...8%
Spitting feathers at the people he personally hired to vet 100s of impromptu last minute candidates after a rogue poll that put Reform ahead of the Tories.
Poll also reveals 55% think he would make a "BAD" PM

"It comes as the Reform UK leader said he was pursuing legal action against the vetting company hired by Reform UK after it failed to run background checks on its candidates in time for the general election."

Which means we may end with a box of frogs in Parliament like his 1st mate Godfrey Bloom, to join the incumbent toad colony in the House in a serenade of croaks! GHU!

[mr.elbee] 18/6/2024 20:16

are you talking about the neo cons both here and in the US ?

[scruff1] 18/6/2024 19:25

Filter and ignore. Trust me - disruptive and rude children behave that way because they crave attention. But being stupid and without any useful social or intellectual abilities being a super nuisance is all there is left to them. I discovered in my career that laughing at and ridiculing them them drove them absolutely over the edge - they cant handle it because they have no options left. Cant do that here so simply ignore. They will get bored eventually. All silly children do.

[freddie01] 18/6/2024 19:09

I think ADVFN may have had a bit of a clean-up with these nutters?

[hardup1] 18/6/2024 17:54

After 79 trading days, buyback complete to date:
Total shares to date........................1,681,671,629
Aggregate cost to date... ..................£869,225,353.08
Average price paid to date..................51.6882p
Percentage of £2 billion buyback completed..43.46%

[utrickytrees] 18/6/2024 12:42

Xxxxxxxxxxx JOCK NEWS xxxxxxxxxX

Important broadcast change announcement.

Scotlands forthcoming fixture with Switzerland will now be broadcast from 19.30hrs on the Comedy Gold channel after a decision by the BBC to broadcast a repeat of songs of praise in an effort to bolster dwindling viewing figures.

[careful] 18/6/2024 11:58

Trump took over the Republican Party from the old establishment.
He was an outsider, now he owns it.
Farage will try to do the same.
If Trump is president again he will back Farage.

This is a tedious boring election campaign but results night will be interesting.
We will eagerly await the exit polls, usually accurate, just after 10 o'clock.

[gotnorolex] 18/6/2024 10:25

So Farage is just another back door entrant!

[mr.elbee] 18/6/2024 09:39

"All banks will suffer from the winding up of their costs due to the incoming UK communist government"
funny how the lowest of the low[the analysts] are TOLD to ignore political realities. makes you wonder whether the analysts are just glorified salesmen

[careful] 18/6/2024 09:29

So the Farage plan is becoming clear.
Destroy the Tories, then rejoin them as leader following the post election rethink.

He could not rule out re joining when asked several times by Sam Coates on Sky yesterday.
But with probably 10 years in opposition things will change. The Tory swamp will have been drained.

[gotnorolex] 18/6/2024 09:12

Well dang me if manifestos are no more than brochures to placate the tyranny of the masses. They present a utopian image of life where every day is Sunday and every month is May with little taxes to pay! The last 14 years were great for those who made things happen, regardless of pandemics, wars, energy prices and the general inflationary cost of living through the lean years, found opportunities in adversity. What ever govt we get in a couple of weeks time, the same type of person will find a way to prosper. If all the able-bodied free loaders were made to contribute to their existence, they would not only be better citizens but enjoy life more. The UK is the 5th richest nation because they took advantage of opportunities at a time in history when competition amongst Dynasties and Empires were rife! If Great Britain didn't rule the waves, someone else will have. London is the second-largest financial centre in the world, because they are dynamic. Labour sees them as a milk cow, yet despises their existence! So to scramble metaphors "Don't kill the golden goose"..."Don't cut off your nose to spite your face"

[jordaggy] 18/6/2024 09:00

Lloyds and NatWest profits could be lifted over 80% from unwinding of interest rate hedges
Published: 16:03 17 Jun 2024 BST
Lloyds Banking Group PLC -
Of the five FTSE 100 banks, domestic lenders are preferred to their Asia-focused peers by analyst Jonathan Pierce at Deutsche Numis Research, with Lloyds Banking Group PLC his top pick in the sector.

In a note to clients today as he assumes coverage for the London's five blue-chip banks, Pierce says: "The outlook for bank earnings, capital generation and book value, particularly in the context of future reductions in short rates, is a critical part of any investment thesis right now."

Profits at the trio of domestic banks, Lloyds, NatWest and Barclays, are depressed by 60% by the so-called 'structural hedge', a risk management tool used by banks to manage and reduce their exposure to changes in interest rates in order to stabilise earnings, compared to 25% for HSBC and 15% for Standard Chartered.

"All banks will benefit from the unwind of these costs. But the aggregate tailwind from hedge repricing at the domestic banks could lift profit by 80% over time versus 15% at HSBC and 9% at Standard," said Pierce, adding that it will also buffer 80% of the impact of policy rate cuts versus 50% at HSBC and 10% at Standard.

"The ballast provided to earnings and book value from the hedge is not reflected in the implied [cost of equity] at the domestic banks versus the Asian banks, in our view."

He notes that cash-flow yields are forecast to average 18% for the domestic banks in 2026 versus 15% at HSBC and 13% at Standard Chartered, while distribution yield forecasts are also slightly higher at Barclays (18%), Lloyds (17%) and NatWest (15%) versus HSBC (14%) and Standard (13%).

"Certainly, UK domestic banks are exposed to idiosyncratic risks that are less relevant to the Asians, but the same applies in reverse."

Notwithstanding the exposure that Lloyds has to the FCA motor market review, the black horse lender is his preference, expressed with a 'buy' rating and a 3p hike in the share price target to 64p.

He hiked his target price for Barclays to 280p from 270p and for NatWest to 350p from 345p.

Between the two Asian bank, the analyst says his "clear preference" is for HSBC Holdings PLC (LSE:HSBA), rating it a 'buy' and Standard Chartered at 'hold' "despite the latter's P/E and PTNAV being notionally more appealing".

HSBC's target price was cut to 825p from 1000p and Stan Chart's is cut to 825p from 900p.

[jl5006] 17/6/2024 21:26

So u believe the lie is good and will vote for the non promise
Never
Probity in politics was said to be paramount - seems we have stayed to the sewer