Certainly not especially as I bought more at 75.5
Was hoping for a bit of a recovery now after the placing but that looks like it will have to wait for later this year.

I wonder, 72p on the cards?

03-Apr-14 Lloyds Banking Group
LLOY Deutsche Buy 76.67p 90.00p 90.00p Reiteration


Bought these (SBs) a few days ago as extra to previous share holdings.

90 would satisfy

In accordance with Listing Rule 9.6.1, Lloyds Banking Group plc (the "Company") has submitted today the following documents to the National Storage Mechanism:

· Notice of 2014 Annual General Meeting including a circular for a class 1 and related party transaction (the "AGM Notice")
· Form of Proxy for the 2014 Annual General Meeting

These documents will shortly be available for inspection at www.hemscott.com/nsm.do

A copy of the AGM Notice is available through the 'Shareholder Meetings' ('Shareholder Info') page within the 'Investors & Performance' section of our website www.lloydsbankinggroup.com.

Mailing of these documents to shareholders has commenced today.

The AGM will be held at the Edinburgh International Conference Centre, The Exchange, Edinburgh EH3 8EE on Thursday 15 May 2014 at 11.00 am.


I wonder who's decision it was to hold the AGM in Scotland? There are a lot of perfectly good pub function rooms down here in England!

Bought some late on the day, 3 minutes before close at 74.42p

I see a double bottom for the last couple weeks, with strong support at 72p and gap at 70p
Was making a good progress on the US at the opening with over 1.20 % rise

on the US

Its trying to fill that gap from aug 13, panto, there are some limit buy orders left there , need to be enough.

A good start of the day with a 1p rise, as back on the US last night finished at best of the day $ 5.13 or 2.19% rise

Nomura Buy 74.37 74.37 81.00 89.00 Upgrades

25-Apr-14 Lloyds Banking Group
LLOY Numis Securities Buy 74.26p 97.00p 97.00p Reiteration

it looks they want to comeback one more time to check that 70

Bummer!

A few years ago, after discovering a link glitch on the online banking web site, I managed to wangle opening and therby getting hold of 10 No. Classic current accounts and adding Vantage to each one of them. With some skilful A pays B pays C pays B pays C pays A pays D, etc., etc., standing orders to take care of the required 'must pay £1,000 into each account every month', I've been able to get 3% on an instantly available £50k for the last few years.

The letter eventually came this morning:

From July 2014

1.5% off each of the current interest rate tiers.
In addition to the £1k per month pay in, you must also have two direct debits running per Vantage account.

This makes it all too much like hard work all to earn a measly '1.5% tops' on each account.

Banks, and particularly Lloyds, have a history habit of 'discontinuing existing accounts in the present format and running the existing interest rate on them down to 0.1%' - as it were.

Knowing this makes me feel quite negative towards keeping them going in the hope that interest rates on them might eventually rise, even it is only when interest rates rise in general in a few years' time.

This might now be a case of 'Bye Bye Lloyds' and 'Hello Santander'. It would seem Santander used to be quite rubbish but are now getting much better Reviews.

Hmmm?

Interim Management Statement

Successful execution of differentiated strategy driving benefits for customers and shareholders
· Supporting and benefiting from the UK economic recovery; continued loan growth in key customer segments:
- SME loan growth of 5 per cent in last 12 months with approximately 29,000 start-ups supported in first quarter
- Lent £2.6 billion to first-time homebuyers in first quarter, including £342 million through Help to Buy
- UK Consumer Finance loan growth of 9 per cent in last 12 months
· Customers at the heart of our business; launched Helping Britain Prosper Plan
· Strong growth in relationship deposits in Retail and Commercial Banking
· Investing in products our customers need through channels they prefer, while improving efficiency and service

Group underlying profit and returns substantially increased
· Underlying profit increased 22 per cent to £1,800 million in the first quarter (up 73 per cent excluding St. James's Place)
· Return on risk-weighted assets increased to 2.71 per cent (first quarter of 2013: 1.96 per cent)
· Net interest income up 10 per cent, driven by margin improvement of 36 basis points to 2.32 per cent
· Other income (excluding St. James's Place) down 7 per cent given disposals and a challenging environment
· Underlying income of £4,529 million, down 7 per cent (up 3 per cent excluding St. James's Place)
· Costs reduced by 5 per cent to £2,298 million, driven primarily by further Simplification savings
· Impairment charge reduced 57 per cent to £431 million; asset quality ratio improved 45 basis points to 0.35 per cent

· Statutory profit before tax of £1,369 million and statutory profit after tax of £1,162 million

Capital and leverage further strengthened; continued loan to deposit ratio improvement and run-off reduction
· Capital position further strengthened: pro forma fully loaded CET1 ratio of 10.7 per cent (31 Dec 2013: 10.3 per cent)
· Medium-term Additional Tier 1 requirement delivered following successful offers for Enhanced Capital Notes
· Pro forma fully loaded Basel III leverage ratio increased to 4.5 per cent (31 Dec 2013: 3.8 per cent); pro forma fully loaded CRD IV leverage ratio improved to 4.1 per cent (31 Dec 2013: 3.4 per cent)
· First quarter deposit growth of £5.3 billion to £443.6 billion; wholesale funding reduced by £7.6 billion to £130.0 billion
· Run-off portfolio reduced by 11 per cent, or £3.6 billion, to £29.7 billion
· Impaired loans reduced to 5.7 per cent of closing advances (31 Dec 2013: 6.3 per cent; 31 March 2013: 8.0 per cent)
· Group loan to deposit ratio improved to 111 per cent (31 Dec 2013: 113 per cent)
· Tangible net asset value per share increased to 50.7p (31 Dec 2013: 48.5p)

Margin and impairment guidance improved; confident in the Group's prospects
· 2014 full year Group net interest margin now expected to be around 2.40 per cent, excluding effect of TSB disposal
· Following strong performance in the first quarter, guidance for asset quality ratio improved to approximately 45 basis points for the full year 2014, from approximately 50 basis points
· Guidance for costs, run-off portfolio reduction and capital generation remains unchanged
· Continue to expect to apply to the PRA in the second half to restart dividend payments

Hopefully some encouraging broker updates to follow pdq!

I'm getting fed up with this lot....

Espirito Santo Execution Noble Sell 77.99 75.36 70.00 70.00 Reiterates

Yeah, we only want broker notes that support our position!!! ;o)

Lloyds Bank strengthens dividend case with profit jump

(Reuters) - Lloyds Banking Group's (LLOY.L) pretax profit jumped 22 percent in the first quarter as costs fell and margins improved, strengthening the bank's plan to pay its first dividend since it was rescued during the financial crisis. Lloyds, which is 25 percent-owned by the government, said on Thursday it made an underlying profit of 1.8 billion pounds in the first quarter, helped by a 5 percent fall in costs from a year ago to 2.3 billion pounds.

The bank needs permission from the Bank of England to restart its dividend payments and said it would apply in the second half of the year to restart payouts.

Investec Buy 78.67 75.36 85.00 85.00 Reiterates

Knocking on 16 Bob Harry.

Lovely! I wonder where the sp will be when the first divi date is announced? Long term hold for me.

Me too - RBS seems to be on it's shirt tails this morning.