Lloyds Banking Share Discussion Threads

[skinny] 20/2/2019 08:24

Shore Capital Buy 59.01 80.00 Retains


m4rtinu - I take it you mean the 200 and just breached.

[poikka] 20/2/2019 08:23

"Given the total ordinary dividend of 3.21 pence per share and the intended share buyback, equivalent to up to 2.46 pence per ordinary share, the total capital return for 2018 will be up to 5.67 pence per share, an increase of 27 per cent on the prior year, equivalent to £4.0 billion."

Trust that clears it up.

[smurfy2001] 20/2/2019 08:21

Last time the buyback was used to reverse dilution (to what level can’t recall) but it seemed to benefit the bank more than the shareholder. What will the buyback mean this time round?

[shy tott] 20/2/2019 08:21

Dividend up 5% on an already high dividendApprox £750 million ppi to be added straight to the bottom line next and following years results.A holder for safe income seekers, worth an immediate 10% on current price, coming through over the following couple of months. Buyback will aid or ensure this.

[jacko07] 20/2/2019 08:17

Lloyds results are fine bargainbob, the board can read.

So my post is hate filled..so says you a braindead, lickspittle follower of the English hating SNP and defender of the pro ISIS vermin Minerve.

Shame on you!!!!

[m4rtinu] 20/2/2019 08:16

Nice work if you can get it :)

On results: look pretty positive. Personally would have liked more div and less buyback, but what will market think?

PPI provision more than halved to £750m; impairments up 18% to £940m.

[diku] 20/2/2019 08:13

Buybacks is beneficial to insiders bonus/freebie share issues...

[m4rtinu] 20/2/2019 08:10

Any predictions Skinny? Looks like 50 day SMA is in sight? Going through that would be positive.

As a shareholder, I too am disappointed with div and further share buyback, but what will the market think?

The results looked pretty positive. PPI provision almost halved. Only negative is increase in impairments by 18% to £940m. I presume these are bad debts?

Initial move is up but very early to say.

[polar fox] 20/2/2019 08:10

This is interesting:

The following table sets out the total shareholding for each of the PDMRs as at 31 December 2018.


Shareholding at
31 December
Name 2018(1)
------------------------------- ---------------
António Horta-Osório 25,748,728
George Culmer 14,751,534
Juan Colombás 9,676,756
Antonio Lorenzo 10,514,805
Vim Maru 5,090,408
Zaka Mian 2,170,133
David Oldfield 3,718,823
Janet Pope 1,988,665
Stephen Shelley 2,665,438
Jennifer Tippin 1,226,544
Andrew Walton 26,211

[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
0 0 0
...the market probably isn't going to like the dividend being held at 2.14...

bargainbob 20 Feb '19 - 07:29 - 246951 of 246955
0 0 0
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.