Lloyds Banking Share Discussion Threads

[mitchy] 20/2/2019 08:07

Lots of buyers on those numbers.

[likeawalrus] 20/2/2019 08:06

the combination of a modest dividend increase and share buyback is a good move considering the huge cloud overhanging the market with Brexit. If the PM gets her deal through we should see a 10%-15% boost in the Sp and if it all goes pear shaped a 20%-30% drop in which case the share buyback would provide support (and be a lot cheaper for Lloyds). Not sure what will happen if A.50 is delayed though.

[grahamite2] 20/2/2019 08:05

I know, blusteradjuster, but thanks for mentioning it, it's helpful.

The two posts just looked a bit comical almost side by side.

[blusteradjuster] 20/2/2019 08:01

They’re both correct numerically - final and total (interim plus final).

[grahamite2] 20/2/2019 07:52

polar fox 20 Feb '19 - 07:27 - 246950 of 246955
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...the market probably isn't going to like the dividend being held at 2.14...

bargainbob 20 Feb '19 - 07:29 - 246951 of 246955
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The bellwether FTSE 100 firm also unveiled an annual dividend of 3.21 pence...

Can't we agree about ANYTHING on this board!

[bargainbob] 20/2/2019 07:51

Polar , I agree you can really see how this will motor within a few years. Enjoy the ride. Buy more on any weakness imho.

[bargainbob] 20/2/2019 07:50

Bluster , from what I read they are saving the fire power for the challenges in the UK over the next 12 months .

[polar fox] 20/2/2019 07:50

At around 60p, the new buyback should result in something approaching a 3bn reduction in TVR, excluding new shares issued. Taking the long view, that begins to make a real difference, especially if repeated a few times into the 2020s.

[bargainbob] 20/2/2019 07:49

The thing I liked to do was the low payment to PPI , it coming to an end , the special divi can wait .

"Lloyds £1.75bn buyback (+75%; consensus £1.5-2bn) but extra £200m provision for PPI; 2018 underlying profit +6% to £8.1B, pre-tax +13% to £5.96B (consensus £5.7B), net profit £4.4bn +24% vs consensus £4.1B;"

[blusteradjuster] 20/2/2019 07:48

Indeed Bob.

Near 10% total return - they should have been more aggressive with the buyback imo.

[curriedquaker] 20/2/2019 07:47

Disappointing dividend. Would have liked a special of at least 0.5p

[bargainbob] 20/2/2019 07:45

Did not take long for Jacko to long to stray off topic on results day . Another hate filled post . Move on.Best ignore him .

[danbfc] 20/2/2019 07:42

How does the share buy back work? How do they work out it is worth 2.46p per share to me?

[bargainbob] 20/2/2019 07:35

Lloyds Banking Group’s profits surged 24 per cent in 2018, it revealed today, as it announced a £1.75bn share buyback scheme.


The figures

Profit after tax leaped 24 per cent to £4.4bn year on year, though that was below analyst expectations of £4.6bn.

Net income grew a marginal two per cent to £17.8bn while the net interest margin stood just shy of three per cent.

Operating costs fell even as the bank set aside £200m to address PPI mis-selling claims in the fourth quarter.

The bank upped its dividend five per cent on 2017 to 3.21p per share, as it announced a £1.75bn share buyback that will see investors’ total payout for the year hit £4.4bn.

[hernando2] 20/2/2019 07:32

If you are buying at around this price its a good return, and with decent guidance given there will be buyers I would imagine.

[leopoldalcox] 20/2/2019 07:31

Underlying profit up 6%

[jordaggy] 20/2/2019 07:31

Pathetic... 55p

[freddie01] 20/2/2019 07:28

Very disappointed with the dividend.

[polar fox] 20/2/2019 07:27

Aside from all the numbers, which are broadly inline, the market probably isn't going to like the dividend being held at 2.14, thereby falling short of the consensus 3.27. The increased buyback should go down well, of course.

PPI provision increased by £200m in Q4 is a sensible move.

Quickly back to Brexit, is how I see it.

[gbh2] 20/2/2019 07:25

Dividend lower than market expectations and as we've seen before the share buy back is is nullified by new shares issued for Directors!

[renewed1] 20/2/2019 07:21

Disastrous dividend!! They will have no trouble buying back shares under 60p after that.

[mitchy] 20/2/2019 07:20

Well I don't know about the market but they've certainly met my expectations. Onwards and upwards.
Good Luck.