re #4261, the market price of LLOY has fallen drastically and no-one knows when it may recover those days of £5 (say), possibly never as one of its "easy" sources of money has been stemmed. However, other sources can be found.
So saying that the sp has "doubled" for example, is nonsense and there is no case for Executives to reward themelves - SP is still far down on what it should have been if the Bank was trading "properly" (ie taking no more "risk" than is prudent=0) and NOT taking over that sinking hulk that was HBOS. It doesn't take a seafarer to recognise that when a ship is already below the normal waterline, that towing it away quickly won't restore its floatation - esp when Storm and Heavy Seas are expected from all quarters.
Indeed, from my perspective Execs should (each) be paying £1m to the shareholders each year the sp is less than (say) £5 less a "market-noise" of no more than -20% (making a bottom-limit of £4).
I wonder, if there were any of us "Retail Shareholders" (ie those whose own money is their only investment), were in favour of the HBOS takeover?
(Not I, for one.)

That was very nautical of you hangon! I should point out that towing a stricken vessel can result in huge salvage rights so your analogy might be better referring to a plastic pedalo with the bung missing! ;o)

Presumably rising on the back of the BARC news, but not complaining! Somewhere around 60p is my first break even point.........which is a damn shame 'cos I should have bought more at 19p!!! ;o(

Yes, it's a shame, they produce glasses to improve our short sight and our long sight but none for our hindsight! :o)

Well, I didn't know that haha!

Touched 11 bob again.

the comparative chart for the last year below surprised me greatly, as LLOY (blue) has easily outperformed BARC (red) and RBS (green)

Lloyds: no bonus until shares fly

ANTONIO HORTA-OSORIO, chief executive of Lloyds Banking Group, could have his bonuses held back until the taxpayer’s stake in the bank is back in the black.

Horta-Osorio is in line for up to £4.4m in annual payouts and long-term incentives this year, thanks in part to a doubling of the bank’s share price in 2012.

Although the board is said to be keen to reward the 49-year-old Portuguese for turning round Lloyds, they are desperate to avoid a new pay row.

Horta-Osorio is expected to be told he can cash in his bonuses only once the share price is consistently above 74p — the average price paid by the government in its 2008 bailout of the bank.

final results announcement friday 1st march..... why choose a friday?

BREAKING NEWS:Lloyds Banking Group fined £4.3m by City watchdog for failing to pay PPI compensation quickly enough

Same amount as AHO's bonus then! They probably hold that in the petty cash tin!

Oops!

Lets see how many percent of the claims are false or lack evidence!

Here is the article (finally).

Lloyds fined for PPI payment delay by FSA

Lloyds Banking Group has been fined £4.3m for delaying compensation payments to customers over Payment Protection Insurance (PPI) mis-selling.

The Financial Services Authority (FSA) said that up to 140,000 customers did not receive their payments promptly.

Hundreds of thousands of people have received redress after they were mis-sold PPI that they did not want or need.

Lloyds is the first bank fined by the FSA specifically for delaying payments.

how clever of the FSA to fine the voters who own lloyds whether through the 40% publicly owned government shareholding or private shareholders.

Must just be a drop in the ocean as there's no drop in the SP!

2012 Results News Release

2012 Annual Remuneration

KEY HIGHLIGHTS

'AHEAD OF OUR PLAN TO TRANSFORM THE GROUP, DESPITE THE CHALLENGING ENVIRONMENT'
'The substantial progress we made in 2012 means that we are now ahead of our plan to transform the Group, and this was reflected in our stronger underlying financial performance in the year. Since setting out our strategy in June 2011, we have significantly strengthened the balance sheet, and substantially improved efficiency and focus, while continuing to work through legacy issues. We are investing in our simple, lower-risk, customer-focused UK retail and commercial banking model, and in value-for-money products and better capabilities to continue to support UK households, businesses and communities. We are creating a business of which customers and colleagues can be proud, and which I am confident will help Britain prosper, and deliver strong, stable returns to shareholders.'
António Horta-Osório,
Group Chief Executive

Significantly improved Group performance; continue to work through legacy issues
· Substantial increase in Group underlying profit from £638 million to £2,607 million
· Full year Group net interest margin of 1.93 per cent, in line with guidance
· Costs further reduced by 5 per cent to £10.1 billion, in line with strategic review target two years ahead of plan; Simplification run-rate savings increased to £847 million
· Credit quality continues to improve; 42 per cent impairment reduction to £5.7 billion, significantly ahead of original guidance; impairment charge as a percentage of average advances improved to 1.02 per cent (2011: 1.62 per cent)
· Statutory loss of £570 million primarily due to PPI provisions of £3,575 million (including £1,500 million in the fourth quarter of 2012), and including £3,207 million of gains from sales of government securities

Confident in capital position; balance sheet further de-risked; funding position transformed
· Strong underlying capital generation with core tier 1 capital ratio increased to 12.0 per cent; on a pro forma fully loaded CRD IV basis the ratio is estimated at 8.1 per cent, including 0.3 per cent from expected CRD IV resolutions
· Continued capital-accretive non-core asset reduction of £42.3 billion, benefiting capital ratios, and exceeding initial 2012 guidance by £17 billion. Non-core portfolio now less than £100 billion, at £98.4 billion
· Deposit growth of 4 per cent; core loan to deposit ratio of 101 per cent, in line with long-term target of 100 per cent; Group loan to deposit ratio of 121 per cent, achieving target two years in advance
· Total wholesale funding reduced by £81.6 billion to £169.6 billion; maturity profile further improved with less than 30 per cent (2011: 45 per cent) of total wholesale funding with a maturity of less than one year

Core business increasingly well positioned for growth and delivering strong returns above cost of equity
· Core return on risk-weighted assets increased from 2.46 per cent to 2.56 per cent
· Underlying profit broadly stable at £6,154 million (2011: £6,196 million)
· Core net interest margin of 2.32 per cent; stable throughout 2012
· 5 per cent reduction in core costs to £9,212 million; 34 per cent reduction in core impairments to £1,919 million

Further improving products and services to support customers and the UK economic recovery
· UK's largest lender to first-time buyers, helping over 55,000 customers, and exceeding £5 billion lending target for 2012
· SME net lending growth of 4 per cent, against a shrinking market; exceeded 2012 SME net lending commitment of £13 billion and three year target of assisting 300,000 new start-ups by the end of 2012
· First participant in Funding for Lending Scheme, further enabling us to support the UK economy; £11 billion committed
· Increased Net Promoter Score in all three brands and a further reduction in FSA reportable banking complaints (excluding PPI) to 1.1 per 1,000, more than halving complaints in two years

Further progress expected in 2013 and beyond; confident in meeting medium term guidance
· Expect Group net interest margin of around 1.98 per cent for full year 2013
· Targeting further reduction in total costs to around £9.8 billion in 2013
· Expect further improvement in portfolio quality, and a substantial reduction in the 2013 impairment charge, with a consequential increase in underlying profit before tax
· Targeting core loan growth in the second half of 2013
· Expect a further reduction of non-core assets of at least £20 billion in 2013; on track to achieve target of a non-core asset portfolio of £70 billion or less by the end of 2014, with more than 50 per cent in non-core retail assets

why the crash then!

3.5% down is a crash??? Move the decimal point to the right & I would agree with you. Maybe best to wait for broker reports later today as often it's what was expected rather than what has happened which moves the price on the day.