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Lloyds Bank (LLOY)     

mitzy - 10 Oct 2008 06:29

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

Fred1new - 22 Jun 2018 16:00 - 5281 of 5370

CC,

Your upturn coming to reward you.

Ummh, will I or won't I.

HARRYCAT - 16 Jul 2018 10:56 - 5282 of 5370

Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 62.40p (from 76p).

skinny - 16 Jul 2018 11:01 - 5283 of 5370

Swines!

CC - 16 Jul 2018 12:22 - 5284 of 5370

er - the price is currently 62.05 and they are recommending buy with a target of 62.4

I'm ignoring them

Fred1new - 01 Aug 2018 08:25 - 5285 of 5370

StockMarketWire.com
Lloyds Banking Group reported Wednesday improved first-half profit driven by increased underlying profit and lower PPI charge.

The PPI charge of £550m included an additional £460m in the second quarter and would cover claims volumes of approximately 13,000 per week until the deadline in August 2019, compared to the 11,000 run rate previously assumed, the company said.

For the six months to 30 June, underlying profit rose by 7% to £4.2bn and statutory profit before tax rising 23% $3.1bn.

Total income was 2% higher at £9bn.

Net interest income of £6.3bn was up 7% amid improved net interest margin and increased average interest-earning banking assets which were 1% higher at £436bn.

The net interest margin increased by 11 basis points to 2.93%.

Net income rose 2% to £9bn, with improved margin of 2.93%.

'Given the strong performance, the Group now expects net interest margin for 2018 to be in line with the first half of 2018 and for the margin to remain resilient over the plan period,' the company said.

The strong performance supported a capital build of 121 basis points as the groups CET1 ratio increased to 15.1%.

The firm will pay an interim dividend of 1.07p per share.

'We now expect net interest margin to be in line with the first half of the year, the asset quality ratio to be less than 25 basis points and for capital build to be c.200 basis points, at the top end of our guided range. All other longer term guidance remains unchanged,' Lloyds Banking said. At 8:04am: (LON:LLOY) Lloyds Banking Group PLC ORD share price was +1.2p at 63.58p



Story provided by StockMarketWire.com

kernow - 01 Aug 2018 08:31 - 5286 of 5370

shame MAM seems not to have noticed.

black bird - 03 Aug 2018 08:27 - 5287 of 5370

DIVI @ 65p pays 4.69 % 0n your money no ppi 2019 s/p min 75 p @ 64p a 15% cap gain BB

HARRYCAT - 03 Aug 2018 08:35 - 5288 of 5370

Deadline for PPI claims is Aug 2019, so probably more correct to say no ppi 2020....otherwise am happy to go to 75p!

skinny - 14 Aug 2018 10:38 - 5289 of 5370

Chart of the Week: Will Lloyds ever recover?

CC - 14 Aug 2018 12:03 - 5290 of 5370

Target of 40p?? I might as well go and stick my head in the sand for the next 10 years right now.

I don't agree. lol.

Fred1new - 14 Aug 2018 18:03 - 5291 of 5370

Neither do I.

I think the banks are undervalued.

The problem is the market doesn't.

The market is causing me pain.

2517GEORGE - 15 Aug 2018 09:20 - 5292 of 5370

I sold in January for a small profit plus divi's having held them for 2 years. I wouldn't be looking to buy back in just yet.

CC - 15 Aug 2018 12:07 - 5293 of 5370

XD tomorrow for 1.07p but even that isn't helping.

Looks likely to breach 60p when it goes XD tomorrow, if it doesn't breach today!

Ouch

Balerboy - 15 Aug 2018 13:53 - 5294 of 5370

Who you kidding CC.......
You only paid 22p for those shares.......😉

Fred1new - 15 Aug 2018 14:32 - 5295 of 5370

What year was that?

CC - 15 Aug 2018 16:42 - 5296 of 5370

Got some I paid 40p in 2011.

Balerboy - 15 Aug 2018 19:23 - 5297 of 5370

Ah. Sorry fred forgot you're too young to remember.

CC - 20 Aug 2018 11:10 - 5298 of 5370

LLOY - what I'm struggling with is that the underlying profit at the bank is rising, it's paying an acceptable dividend, the balance sheet is strong enough it's doing a considerable buy back program yet the share price keeps drifting lower.

Given it's around 60p everything being sold is likely to be at a loss unless the holder has been holding a long time and I don't believe anyone is shorting is down here.

So, they are selling at a loss as they see better value elsewhere... which is fair enough I guess. Or they are selling as they believe everything is going lower and it's better to convert to cash.

Dividend yield is 5.07%. the interim dividend was increased by 7%. If they do the same at year end that would give yield of 5.4% at 60.0p.

Solid, sensible and growing by more than inflation but I sense the market doesn't see a 5.4% yield as very exciting at the moment.

skinny - 20 Aug 2018 11:18 - 5299 of 5370

This is becomming a game of attrition - but will I give up or will the price (eventually) rise!

CC - 20 Aug 2018 12:16 - 5300 of 5370

I've already chucked in my short term CFD trade for a 2.5p loss. Mostly because I didn't see it rising in the short term and the financing costs were starting to annoy me.

I guess the fact that I haven't re-entered the long lower down tells me I'm not that confident it is going anywhere in the short term.

My concern is that with some form of share price support through the dividend, the rules seem to have changed and the market now demands more of a return. The BOE have raised interest rates by 0.25% but it's more than that. My gut tells me the market now wants something much closer to a 6% return on LLOY and it's kind of like a game of how quickly will LLOY raise the dividend. Not fast enough it seems.

I could be wrong. I have some ISA bond money which will require re-investing in October. LLOY is kind of on the list as availability of bonds and preference shares paying a fixed return is low. I might just sit in cash for a while with it.
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