Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Lloyds Bank (LLOY)     

mitzy - 10 Oct 2008 06:29

Chart.aspx?Provider=EODIntra&Code=LLOY&S

HARRYCAT - 12 Oct 2016 12:15 - 5011 of 5370

Reuters - State-backed Lloyds Banking Group (LLOY.L) said on Wednesday it planned to axe 1,230 jobs as part of a three-year restructuring plan aimed at cutting costs and improving returns for shareholders.

Employee union Unite branded the job losses, expected to hit the lender's retail banking, Group Operations, Customer Products & Marketing, and Finance and Risk divisions, as "horrific".

The net total of planned layoffs is inclusive of 110 new roles that will be created across these business areas, the bank said.

Lloyds announced in July it would cut a further 3,000 jobs and close 200 branches amid a more testing economic environment caused by Britain's vote to quit the European Union.

The bank has already cut about 4,000 positions from its 75,000-strong workforce in 2016 and has closed around 100 branches so far this year.

"The constant flow of job cuts across Lloyds must now be halted and staff be allowed to get on with delivering the high quality and impressive service they are so good at providing," Rob MacGregor, Unite national officer said in a statement.

"The Lloyds management pursuit of this cuts agenda is counter-productive in their aim of a successful business."

A spokeswoman for the bank said all affected employees have been briefed by managers and unions would continue to be consulted.

"This process involves taking difficult decisions, and we are committed to working through these changes in a careful and sensitive way," she said.

"Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort."

Unite said it would oppose all planned job losses and challenge senior management to ensure affected staff are offered alternative suitable employment.

(Reporting By Sinead Cruise, editing by Andrew MacAskill and Rachel Armstrong)

mentor - 18 Oct 2016 13:29 - 5012 of 5370

Is turning today as the rest of the banks
Intraday chart had a spike most likely MAM's normal anomaly

Chart.aspx?Provider=Intra&Code=lloy&Size=500*250&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&Start=&IND=&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0

mentor - 24 Oct 2016 13:12 - 5013 of 5370

Old report ........

Lloyds Banking: A Brexit Bargain? - By Robert Sutherland Smith 25 July 2016

Bank shares await the verdict of post-Brexit economic history. The share price chart for Lloyds at 54p gives little guidance. However, well capitalised and on above-average earnings and dividend yields (an estimated 13.6% and 7.4% consensus last seen) the shares look a hold and a speculative buy for those who take a more cheerful view of Brexit Britain. The shares appear good value on an historic 10 per cent discount to assets.

Earlier this year, after last year’s published results when the share price was 72p, I thought these shares to be good value on the basis of market consensus earnings estimates and the above average prospective divided yield. Should I still feel that way in the Brave New World ex EU membership?

Looking first at the increasingly problematic market consensus estimates, just a month after the fateful referendum, may not be all that useful because we do not know what it all means for banks in general and Lloyds in particular. However, an inability to foresee future events is nothing new and creates the opportunity for making capital gains, which depends on a truly imperfect market in which the one eyed man is always either king or aspiring political party leader. As the great Gove said (strangely in the manner of Robespierre or Trotsky) “The people have grown tired of experts.”

In the months leading to Brexit Day on 23 June 2016, the Lloyd’s share price had been trading between 65p and 72p. After Brexit, it plunged from there down to around 48p, from which it has in part recovered to 55p last seen. Going back, the share price had peaked at around 89p in May 2015, starting a fairly volatile downtrend from that point before it crashed though the bottom of the trading range.

Lloyds’ share price is some 38 per cent off the May 2015 high and up some 15 per cent from its recent post-Brexit depths. The only share price chart pattern that I am able to discern is a short-term one, possibly suggesting a short-term trading range of between 50p and 72p whilst the market tries to work out the frankly yet unknowable macro implications of disruption to the nation’s trading arrangements.

The best that we can do in those circumstances is to work out what defensive value or otherwise the share now has with which to face the slings and arrows of outrageous fortune.

The first basic fact about Lloyds bank is that it is now mainly a UK retail bank, after having thrown out any interest it might have harboured to become an all singing, all dancing, universal service investment bank. So its fortunes may be seen in terms of what happens here in the UK.

It has the advantage of scale in the UK where it reportedly has some 30 per cent share of the UK market. Its first difficulty as a retail bank must be any further lowering of interest rates, because such a move would reduce its scope for making profits between the rate paid to depositors and interest charged to borrowers – even when the deposit rates are almost invisible. The second difficulty will come from any reduction in economic demand in the UK. Given the significant depreciation of the sterling exchange rate, citizens – particularly the poorest – will have less to spend after they have settled higher energy and transport costs.

Here, we need to watch the consumer price index. Until Brexit day, real spending power was rising as wages were rising faster than inflation. That prospect now appears to be dead. All earlier earnings forecasts are now off the table and it is too early to confidently replace them with something palpable.

So what attractions does Lloyds have at this stage? First, although the share price stands at a discount to net assets, it is only by some ten percent. That is small in relation to the much bigger discounts enjoyed by international UK investment banks like Barclays and HSBC.

The devaluation of sterling is most likely to favour the investment banks with corporate and share dealing activities, as we have seen with the sudden move on Arm Holdings, which suddenly became very cheap in Japanese Yen terms. If overseas competitors are not already placing the acquisition tape measure over UK targets, we may be sure that merger and takeover chums in the City and elsewhere will already have done it in the hope of drumming corporate business. That may lead to a worsening of the UK’s balance of trade deficit – last reported as a yawning gap of between 6 – 7 per cent of UK GDP – but will probably give rise to increased City bonuses to offset the otherwise deflationary effect of devaluation. Lloyds are unlikely to benefit much from that development, although headline economic news about wages and earnings in the UK will probably have some positive effect on sentiment some months down the line.

Lloyds also has a high Basel Tier 1 capital ratio of 12.8 per cent of its total risk weighted capital. The impression has been gained by observers that, under the late Chancellor, banks had persuaded the government to ease up on capital raising requirements.

Proceeding from the particular to the general, it should not be forgotten that UK banks are in an incomparably stronger position than they were in 2008 (the onset of the world banking crisis) and are currently and seemingly in a better capital adequacy position than EU banks, which have reputedly not been re-capitalised to the same extent as the UK and US banks.

HARRYCAT - 26 Oct 2016 07:28 - 5014 of 5370

StockMarketWire.com
Lloyds Banking Group reports a robust underlying performance with strong improvement in statutory profit for the first nine month of the year.

Underlying profit was £6.1 billion (2015: £6.4 billion) with an underlying return on required equity of 13.6%. Total income was £13.2 billion

Net interest income rose by 1% to £8.6 billion, with improved margin of 2.72 per cent - Other income was 2% lower at £4.5 billion

Other highlights:
- Operating costs 2 per cent lower at £6.0 billion. Market-leading cost:income ratio improved to 47.7 per cent with positive operating jaws

- Asset quality remains strong with no deterioration in underlying portfolios. Asset quality ratio of 14 basis points

- PPI provision of £1 billion to cover further operating costs and redress

- Statutory profit before tax of £3.3 billion, more than 50 per cent higher than in 2015

- Tangible net assets per share of 54.9 pence post interim dividend (30 June 2016: 55.0 pence)

Group chief executive Antonio Horta-Osorio said: "We remain focused on delivering on our targets to support people, businesses and communities as set out in our Helping Britain Prosper Plan. We are making good progress against our strategic priorities: creating the best customer experience; becoming simpler and more efficient; and delivering sustainable growth.

"In the last 12 months we have grown net lending to SMEs by 4 per cent and have also grown net lending in both credit card balances and motor finance while continuing to grow our bulk annuity business.

"We remain committed to helping first-time buyers onto the housing ladder whilst continuing to balance risk and margin considerations versus volume in mortgages. We also continue to operate the UK's largest branch network and the largest digital bank with 12.4 million online users and 7.8 million mobile users of our top-rated apps.

"The hard work undertaken in the last five years to transform and simplify the business has allowed the UK government to sell most of its stake in the Group, returning £17 billion including dividends on its original £20 billion investment. We welcome the recent decision to recommence the sale of its shares."

He added: "The outlook for the UK economy remains uncertain, however the strength of the recovery in recent years means the UK is well positioned. The Group's transformation and successful execution of strategy, along with its competitive advantages in costs and risk, also position us well for the future and to achieve our goal of becoming the best bank for customers and shareholders."

mentor - 26 Oct 2016 16:08 - 5015 of 5370

After being 2p down after the results this morning, is now up 0.37p

Laurenrose - 26 Oct 2016 16:46 - 5016 of 5370

yes buy buy buy a gift

mentor - 26 Oct 2016 22:22 - 5017 of 5370

Bulls back Lloyds despite PPI hit - By Lee Wild | Wed, 26th October 2016 - 12:36

Bulls back Lloyds despite PPI hit Q3 results UK retail bank cost cuts Robbed of the chance to buy the government's remaining stake in Lloyds Banking Group (LLOY) at a discount, shareholders now depend on under-pressure CEO António Horta-Osório to generate returns. Admittedly, initial reaction to third-quarter results was poor, but the numbers weren't really that bad and Lloyds has clawed back a near-4% slump.
Using latest forecasts from Deutsche Bank, the results were mixed, but hardly scary. A 3% drop in underlying pre-tax profit from £1.97 billion a year ago to £1.91 billion, was a little light. Deutsche had predicted £2.07 billion.

The broker got a £1 billion provision for payment protection insurance (PPI) spot on, yet statutory pre-tax profit was also down a smaller-than-feared 15% to £811 million. Net interest margin (NIM) - the difference between interest earned and interest paid - was a fraction better at 269 basis points (bp).

Despite being a UK-focused bank, Lloyds could struggle in the fallout of a "hard" BrexitHowever, earnings expectations have been revised upwards in recent weeks amid some high-profile calls among analysts to switch from "expensive defensives" into banks and other value plays.

"On valuation both banks and insurance companies are near the cheapest levels they have ever been in two decades," said Barclays on Tuesday, highlighting Lloyds as a value stock with earnings momentum better than the market.

And the lender does reaffirm expectations for the full-year. Look for NIM of around 270bp, a cost:income ratio below last year's 49.3%, and common equity tier 1 (CET1) capital generation - a key measure of financial strength - of 160bp pre-dividend. CET1 for the third quarter was 14.1% before the dividend and 13.4% after, up from 13% in June.

UBS analyst and Lloyds fan, Jason Napier, was quick off the mark Wednesday morning, and the numbers are there or thereabouts. Underlying profit was 2% ahead of his own estimate as better news on costs and lower-than-expected impairment charges offset a 1% drop in net interest income (NII) to £2.85 billion.

Margin was better, too, driven, says Napier, by a 1% drop in average interest-earning banking assets to £436 billion.

Interestingly, Lloyds generated an 80bp improvement in CET1 by deciding to reclassify the £20 billion of gilts held within its liquidity portfolio as "available-for-sale" rather than Wheld-to-maturity". That's because it will not now commit to holding gilts to maturity as interest rates are so low.

Without this, capital would have been a miss at 12.6%, points out Deutsche's Lock. However, "a beat is a beat", he says, adding, "13.4% CET1 should provide Lloyds the headroom to pay the 3p dividend that we and consensus expect for 2016 (requires 20-30bps capital generation in 4Q16), giving comfort for those focused on the dividend line."

On costs, Horta-Osório has made further progress. Shutting branches and penny-pinching elsewhere - the so-called simplification programme - has delivered £774 million of annual run-rate savings so far. It should be £1.4 billion by the end of 2017.

At around 55p, Lloyds shares trade pretty much in line with tangible net asset value (TNAV) of 54.9pOf course, low interest rates are bad for banks, and there's little sign that UK borrowing costs will increase up any time soon.

Despite being a UK-focused bank, Lloyds could struggle in the fallout of a "hard" Brexit, and a decision by the Financial Conduct Authority (FCA) to extend the deadline for PPI claims by a year to June 2019 has triggered extra provisions.

However, finance director George Culmer has said this will be "the last big PPI provision" before deadline day.

At around 55p, Lloyds shares trade pretty much in line with tangible net asset value (TNAV) of 54.9p. Using UBS estimates for full-year earnings per share (EPS) of 6p in 2017, down from an anticipated 7.2p this year, a forward price/earnings (PE) ratio of 9.2 times is hardly expensive.

Napier blames pressure on revenue and loan losses coming through for the drop in EPS next year. But he likes the opportunity for "proactive management of the P&L" offered by better costs and deposit re-pricing. "Crucially, capital generation - the raw material for our positive view on dividends - remains good," he says.

Add a 13% return on tangible equity (ROTE) into the mix, plus 5-7% running yield, and Napier still thinks Lloyds is "attractively valued". He repeats his 'buy' rating and 65p price target, and above-consensus forecast for a dividend yield above 7% for 2017.

skinny - 27 Oct 2016 07:08 - 5018 of 5370

Her Majesty's Treasury < 9%

skinny - 27 Oct 2016 07:11 - 5019 of 5370

Barclays Capital Equal weight 55.25 65.00 55.00 Reiterates

skinny - 27 Oct 2016 09:41 - 5020 of 5370

JP Morgan Cazenove Neutral 56.02 62.00 62.00 Reiterates

Natixis Neutral 56.02 56.00 56.00 Retains

mentor - 27 Oct 2016 10:38 - 5021 of 5370

I looks like the Government is in need of money selling at this low price

Before - 7,057,718,792 Shares - 9.8883%
NOW 6,422,964,302 Shares - 8.99905%

HARRYCAT - 27 Oct 2016 11:11 - 5022 of 5370

I make that around £355m........which won't pay for much in central London.
(their last divi payment should have been around £59m according to my calculations.The divi before that was about £141m.)

mentor - 31 Oct 2016 13:18 - 5023 of 5370

Moving with the market so far today

Chart.aspx?Provider=EODIntra&Code=LLOY&Size=520*450&Skin=RedWhite&Type=3&Scale=0&Cycle=DAY1&Span=MONTH3&OVER=BB(20,2)&MA=&IND=MACD(26,12,9);RSI(14);SlowSTO(8,3,3);&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat= - Chart.aspx?Provider=Intra&Code=LLOY&Size=400*440&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&Start=20161031000000&&IND=SlowSTO(14,3,3)&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0

Fred1new - 31 Oct 2016 14:22 - 5024 of 5370

But where is the market going????

mentor - 31 Oct 2016 14:45 - 5025 of 5370

re - But where is the market going????

The same as LLOY

mentor - 31 Oct 2016 15:56 - 5026 of 5370

LONDON, Oct 31 (Reuters) - European bank stocks are poised to end October posting their best monthly gains since February last year as cheap valuations, strong results and prospects of higher bond yields spurred investor interest in the beaten-down sector.

Banks are Europe's best performing sector this month with a 9 percent gain, handily beating the broader market's 1 percent decline.

This month's rally stands in contrast to the prevailing mood on banks at the end of September, when shares of Deutsche Bank fell to an all-time low on the back of fears of a $14 billion fine from U.S. authorities while fears over bad debts clouded the outlook for Italian banks.

Those fears added to long-standing worries over banks' profitability given a weak regional economy, the potential fallout of Britain's vote to leave the European Union and as the slide to record lows for bond yields weighed on margins.

After losing more than a quarter of their value in the year to end-September and with valuations near euro zone crisis lows of about 0.6 times book value, however, some investors questioned whether the selloff was overdone.

A pick up in bond yields, broker optimism and a relatively healthy set of third-quarter results, which included a surprise profit at Deutsche Bank, has brightened the case for financials.

"Banks remain the best hedge against rising yields," strategists at JP Morgan said in a note, recommending switching in to cheaply valued financials from expensive areas such as consumer staples and tech.

mentor - 01 Nov 2016 09:02 - 5027 of 5370

Close the position a couple minutes before close @ 57.26p yesterday
All the ranges were at top so ready for retracement ( Bollinger, RSI and Stochastic )

just over 4p profit or 7.63% in 3 weeks

mentor - 02 Nov 2016 09:47 - 5028 of 5370

55.65p - 0.59p

glad I sold as banks are moving lower

p.php?pid=legacydaily&epic=L^LLOY&type=1&size=2&period=1&olx_1=1&o_epic1=L^RBS&o_type1=1&o_colour1=1&olx_2=1&o_epic2=L^BARC&o_type2=1&o_colour2=2&olx_3=1&o_epic3=L^BNC&o_type3=1&o_colour3=3&scheme=&delay_indices=1

mentor - 09 Nov 2016 22:27 - 5029 of 5370

Lloyds Banking makes dividend Top 10 - By Stockopedia and Ben Hobson | 9th November 2016 Lloyds Banking makes dividend Top 10  stock screen investing shares The falling value of the pound this year has had a big impact on the stock market. On one hand, the outlook for some domestic stocks and sectors has turned uncertain. But for others with exposure to foreign markets and currencies, these conditions are ideal.

One of the immediate positive results is that dividends rose strongly in the autumn - but not all sectors did well. So where are the most promising parts of the market for dividend hunters now?

According to new figures from Capita, dividends from UK stocks rose by 1.6% to £24.9 billion between August and October. Strip out the impact of special dividends, and the rise was 2.6% to £23.9 billion.

Crucially, there was a huge £2.5 billion currency gain during the quarter. That was caused by the large dollar- and euro-denominated dividends from the likes of Royal Dutch Shell (RDSB), HSBC (HSBA) and Unilever (ULVR) being translated at much more favourable rates to sterling.

But under the surface, there were areas of concern. For a start, stocks in the mining sector were responsible for most of the £2.2 billion of payout cuts during the autumn. And, more generally, despite the overall rise in dividends, average payouts fell slightly in third-quarter on the same period last year.

Sectors and indices leading the dividend charge

On a sector basis, the most immediate beneficiaries of a weaker pound have been oil & gas, beverages, pharmaceuticals, banks and mining. The main sources of dividend growth have been telecoms, media, travel and insurance.

Mid-cap profits have outperformed, meaning these companies are growing dividends fasterIn terms of indices, almost all the dividend cuts seen in the third quarter were in the FTSE 100. But the blue-chips also enjoyed most of the foreign currency gains.

By contrast, the FTSE 250 saw the fastest dividend growth. That was up 4.9% on the same period last year, at £2.7 billion. Strip out special dividends, and underlying growth was 11.5%.

According to Capita, FTSE 250 stocks have been well insulated from the trends that have caused so much trouble in the FTSE 100 (UKX) (such as low commodity and oil prices, and industry pressures in banking and supermarkets). As a result, mid-cap profits have outperformed, meaning that these companies are growing their dividends consistently faster.

Screening the market for dividend payers

With these trends in mind, we created a dividend screen for Interactive Investor looking for high forecast yields in the most promising sectors. Apart from high yield, it looks for dividends that are growing and are well covered by earnings from companies with robust balance sheets.

It also considers the scale of each company's pension deficit as well as the valuation of the shares.

Name

Forecast Yield %

Forecast Dividend Cover

DPS Growth %, Last Year

Pension Dfct / Mkt Cap %

Value Rank

Lloyds Banking

6.4

1.9

200

0.91

63

Aviva

6.0

2.1

14.9

-

93

Stagecoach

5.9

2.0

8.6

10.5

82

ITV

5.6

1.8

27.7

2.62

60

Go-Ahead

4.8

1.9

6.5

0.29

84

Saga

4.7

1.6

75.6

1.41

54

easyJet

4.6

2.0

21.6

-

91

BT

4.5

1.9

12.9

17.7

68

Paragon of Companies

4.3

2.8

22.2

2.33

78

Sky

4.3

1.6

2.1

-

56

In terms of yield, the leading stock on the list is Lloyds Banking Group (LLOY), which hiked its dividend last year and now has a forecast yield of 6.4%. It is followed by the insurance group Aviva (AV.), on 6.0%, which has a more attractive Value Rank of 93/100.

In many cases, the prices of stocks on the list have come under pressure since the summer. Generally speaking, the cheapest stocks are in the transport sector, including Stagecoach (SGC), Go-Ahead (GOG) and easyJet (EZJ).

But it's worth noting that Stagecoach and BT (BT.A) have considerable pension deficits. That may not be a problem now, but low bond yields are causing concern when it comes to pensions deficits.

Interesting times for dividend hunters

Exchange rates have had a big impact on the landscape for dividends this year. It's early days, but Donald Trump's victory in the US presidential election could impact on the value of the dollar, which means that dividend hunters should take note.

Either way, it's likely that dividend shares will continue to hold the attention of investors. The devaluation of sterling has been a welcome boost in the FTSE 100 and dividend growth among FTSE 250 companies is encouraging.

While the stock market dislikes uncertainty, there are signs that the current conditions still offer interesting options for income investors.

mentor - 15 Nov 2016 11:33 - 5030 of 5370

Is Lloyds about to head for pre-Brexit levels? - By Alistair Strang | Tue, 15th November 2016 - 09:27

Is Lloyds about to head for pre-Brexit levels? technical analysis trends targets We've tried to pretend the banking sector doesn't interest us this month but, thankfully, Lloyds (LLOY) appears on the verge of becoming interesting. If the share would simply manage to close a session above 61p, near-term movement toward 64.5p looks very likely, along with a challenge of the downtrend since 2015.
At this point, quite a strong argument favours anything above 64.5p heading toward 75p and the potential of a glass ceiling (shown in 'pink') at roughly 73.62p.

As the 'pink' line illustrates, there's a fair congregation of highs around this level and our aggregate calculation at 73.62p suggests closure above this point will favour Lloyds with some proper long-term potentials.

Initially 86p makes sense but realistically 100p is being shown as the ruling long term attraction.

strang%20lloyds%2015%20nov%20g1%28s%29.p

So, only two hurdles ahead for Lloyds. Firstly, it needs to get above the 'blue' downtrend, then it needs close above the 'pink' glass ceiling. How hard can it be?

If trouble is planned, Lloyds now has a shark in the water below 48.5p. Anything capable of provoking reversal below such a point would be extremely bad, as it could easily lose a third of its value.

We're forced to mention this due to the presence of a near-term 'red' uptrend.

This currently suggests any weakness below 54.5p risks a visit to 52p initially with secondary, if broken, at 49p, frighteningly close to an uptrend since 2012 (shown with invisible ink).

We're mentioning this, 'cos we obviously must look at both sides of the coin. However, Lloyds has recently been making some positive movement and hopefully we're about to witness an attempt to cover the Brexit manipulation gap at 72p.
Register now or login to post to this thread.