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Lloyds (LLOY)

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monabri
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Lloyds (LLOY)

#194429

Postby monabri » January 18th, 2019, 8:11 am

Lloyds Banking Group PLC has secured a banking licence in Germany as part of Brexit preparations, Reuters reported late Thursday.


https://www.londonstockexchange.com/exc ... 74100.html

idpickering
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Re: Lloyds (LLOY)

#202486

Postby idpickering » February 20th, 2019, 7:20 am

Highlights of finals here; viewtopic.php?f=15&t=16353

Ian.

idpickering
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Re: Lloyds (LLOY)

#204696

Postby idpickering » March 1st, 2019, 7:04 am

Share Buyback Programme Commences

Lloyds Banking Group plc (the 'Company') is today launching a share buy-back programme to repurchase up to £1.75 billion of ordinary shares, as previously announced on 20 February 2019.


https://www.investegate.co.uk/lloyds-ba ... 00034976R/

idpickering
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Re: Lloyds (LLOY)

#217687

Postby idpickering » April 27th, 2019, 10:31 am

This from TMF, written by Harvey Jones;

Here’s why I’d buy the Lloyds share price over the FTSE 100

Full-steam ahead

Which is exactly what FTSE 100 fixture Lloyds Banking Group (LSE: LLOY) has been doing lately. Becalmed for years, its share price is now going at rate of knots, up 17% in the last three months. What a pity I didn’t tell you it was a screaming buy three months ago. Actually, I did!

...


https://www.fool.co.uk/investing/2019/0 ... -ftse-100/

Moderator Message:
Truncated to comply with fair usage requirements. Please restrict excerpts to one or two paragraphs. Thanks. - Chris

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Re: Lloyds (LLOY)

#218086

Postby Walrus » April 29th, 2019, 10:03 am

idpickering wrote:This from TMF, written by Harvey Jones;

Here’s why I’d buy the Lloyds share price over the FTSE 100

Full-steam ahead

Which is exactly what FTSE 100 fixture Lloyds Banking Group (LSE: LLOY) has been doing lately. Becalmed for years, its share price is now going at rate of knots, up 17% in the last three months. What a pity I didn’t tell you it was a screaming buy three months ago. Actually, I did!

...


https://www.fool.co.uk/investing/2019/0 ... -ftse-100/

Moderator Message:
Truncated to comply with fair usage requirements. Please restrict excerpts to one or two paragraphs. Thanks. - Chris



I sold out of Lloyds this morning. Have had a fair run and looking to cut my financials exposures. Am moving this chunk to alternative income investments as I look to reduce some of the concentrations that are building up after this bull run.

idpickering
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Re: Lloyds (LLOY)

#218856

Postby idpickering » May 2nd, 2019, 7:15 am

Interim IMS;

Good progress against strategic priorities with accelerated investment in the business

· Strategic investment of £1.2 billion since launch of GSR3 in February 2018

· Further progress on digitising the Group and enhancing customer propositions

· MBNA migration completed ahead of schedule with increased return on investment of 18 per cent expected

· Schroders Personal Wealth on track to launch in second quarter

Continued strong business performance with increased profits and market leading returns

· Statutory profit after tax of £1.2 billion up 2 per cent with strong return on tangible equity of 12.5 per cent and earnings per share up 2 per cent to 1.49 pence

· Underlying profit of £2.2 billion up 8 per cent driven by increased net income and lower operating costs

· Net income increased by 2 per cent to £4.4 billion with a robust net interest margin of 2.91 per cent, higher other income and lower operating lease depreciation

· Total costs of £1,977 million down 4 per cent driven by lower operating costs and remediation charges

· Cost:income ratio further improved to 44.7 per cent with positive jaws of 6 per cent

· Credit quality remains strong, with no deterioration in credit risk. Net asset quality ratio of 25 basis points up on fourth quarter reflecting expected lower releases and write backs

· Statutory profit before tax of £1.6 billion with higher underlying profit offset by movements in below the line items, including an estimated charge for exiting the Standard Life Aberdeen investment management agreement

· Tangible net assets per share increased to 53.4 pence driven by strong underlying profit



Full item here;

https://www.investegate.co.uk/lloyds-ba ... 00048214X/

blobby
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Re: Lloyds (LLOY)

#218877

Postby blobby » May 2nd, 2019, 9:15 am

Looks very steady to me. Payment protection insurance provision is down to £100 million from £200 million last year. With profit at £1,600 million there is still some more recovery to come from this unwinding but it is nearly there.

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Re: Lloyds (LLOY)

#218882

Postby idpickering » May 2nd, 2019, 9:33 am

blobby wrote:Looks very steady to me. Payment protection insurance provision is down to £100 million from £200 million last year. With profit at £1,600 million there is still some more recovery to come from this unwinding but it is nearly there.


I agree. Shame the market doesn't as the sp is down 1.2% as I type, in a weak market. I have a 'full' holding in my HYP, and am unlikely to top up.

Ian.

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Re: Lloyds (LLOY)

#218892

Postby PinkDalek » May 2nd, 2019, 10:01 am

Also in the RNS:

The Group remains strongly capital generative and continues to expect ongoing capital build of 170 to 200 basis points per annum. The Group has a progressive and sustainable ordinary dividend policy and the Board will continue to give consideration to the distribution of surplus capital at the end of the year.

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Re: Lloyds (LLOY)

#219185

Postby dealtn » May 3rd, 2019, 10:10 am

PinkDalek wrote:Also in the RNS:

The Group remains strongly capital generative and continues to expect ongoing capital build of 170 to 200 basis points per annum. The Group has a progressive and sustainable ordinary dividend policy and the Board will continue to give consideration to the distribution of surplus capital at the end of the year.


The PRA reducing its capital requirement from 13 to 12.5% will also help significantly. Given that's a one-off change, and not something you can rely on to repeat itself annually, I would expect an increase in share buy-backs rather than an increase in dividends should they wish to return capital to shareholders. Much the same thing but positive for the equity at the margin I would think.

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Re: Lloyds (LLOY)

#219307

Postby dealtn » May 3rd, 2019, 3:29 pm

Lloyds announcing it will be redeeming the entire amount of one of its Preference Share issues.

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Re: Lloyds (LLOY)

#219317

Postby PinkDalek » May 3rd, 2019, 3:57 pm

Here https://www.londonstockexchange.com/exc ... 62778.html

NOTICE OF REDEMPTION OF 6.3673% PREFERENCE SHARES ISSUED BY LLOYDS BANKING GROUP PLC

Lloyds Banking Group plc gives notice that, on 17 June 2019, it will exercise the contractual right to redeem all of its outstanding 6.3673% preference shares (ISIN: XS0408826427) at par.

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Re: Lloyds (LLOY)

#222050

Postby Breelander » May 16th, 2019, 11:11 am

Lloyds are to move to paying quarterly dividends.


Lloyds wrote:Lloyds Banking Group is today announcing that it will move to the payment of quarterly dividends in 2020, with the first quarterly dividend in respect of Q1 2020 payable in June 2020.

The new approach will be to adopt three equal interim ordinary dividend payments for the first three quarters of the year followed by, subject to performance, a larger final dividend for the fourth quarter of the year. The first three quarterly payments, payable in June, September and December will be 20 per cent of the previous year's total ordinary dividend per share. The fourth quarter payment will be announced with the full year results, with the amount continuing to deliver a full year dividend payment that reflects the Group's financial performance and our objective of a progressive and sustainable ordinary dividend. The final dividend will continue to be paid in May, following approval at the AGM.
https://www.investegate.co.uk/lloyds-ba ... 00052323Z/

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Lloyds Bank Share Buy-Backs

#234271

Postby Bouleversee » July 5th, 2019, 5:55 pm

Yet another RNS re Lloyds buying back shares. All the buying back and cancellation of shares doesn't seem to have done much for the share price, as it didn't with RPC who have just sold the company for less than the sp was about a year ago, but presumably the price would have gone down correspondingly had they not cancelled shares and the dividend might have been lower. Is there any conclusion to be drawn from buy backs (e.g. that the business isn't going anywhere) and should we consider putting our own shares on the market when such programmes are announced?

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Re: Lloyds Bank Share Buy-Backs

#234273

Postby johnhemming » July 5th, 2019, 6:04 pm

I don't have a problem with them buying back shares. It probably does keep the share price up a bit, but is quite good for shareholders who continue to hold the shares.

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Lloyds Banking Group Quarterly Dividend

#234279

Postby monabri » July 5th, 2019, 6:20 pm

Apologies if posted previously

16 May 2019

"Lloyds Banking Group is today announcing that it will move to the payment of quarterly dividends in 2020, with the first quarterly dividend in respect of Q1 2020 payable in June 2020."


https://www.londonstockexchange.com/exc ... 75842.html

monabri
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Re: Lloyds Bank Share Buy-Backs

#234283

Postby monabri » July 5th, 2019, 6:48 pm

Looks like the share buyback started in May.

https://www.londonstockexchange.com/exc ... 86295.html

"Lloyds Banking Group plc (the 'Company') is today launching a share buy-back programme to repurchase up to £1.75 billion of ordinary shares, as previously announced on 20 February 2019."

( I had to go back 7 pages of RNS' releases but I did then note their quarterly divi announcement which I had missed)

"The programme will commence on 1 March 2019 and will end no later than 31 December 2019. The sole purpose of the programme is to reduce the ordinary share capital of the Company."

I noted the following text ;

"which permits the company to purchase no more than 7,219,629,615 of the Company's ordinary shares".....7.2 billion shares.

( quick calc: 7.2 billion shares at say £0.58 each would cost £4.17 billion ).


Q: will they continue to buy back shares as this tranche of £1.75 billion is about 42% of what they could buy back.

monabri
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Re: Lloyds (LLOY)

#234289

Postby monabri » July 5th, 2019, 7:03 pm

( ahh, that's where the post went .. the thread was moved!)



£1750 million buys 3017 million shares (58p).

Current divi is 3.21p.

Dividend saving per year = £96.85 million or approx 4.24% of their annual dividend.

Annual dividend costs (*) £2284m




(*) Dividend figure taken from the JLT Benefits report (worth a read!).

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Re: Lloyds (LLOY)

#234302

Postby Bouleversee » July 5th, 2019, 8:14 pm

So why is the s.p. not doing better, as one might expect it to? They do call buybacks returning money to investors, after all.

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Re: Lloyds (LLOY)

#240696

Postby idpickering » July 31st, 2019, 7:12 am



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