Particularly Labour, who put Lloyds and HBOS together in 2008. Correct........However the Lloyds chairman at the time (was his name Black?) made a "HUGE" mistake and should have told Flash Gordon thanks but NO not interested in HBOS, instead the chairman saw himself as some sort of hero/saviour and all but nearly bankrupted Lloyds, didnt even look at HBOS Books properly, just saw himself in front of the Queen beeing knighted on Flash say so!!!!!!!
"....City’s number crunchers expect the dividend conveyor belt to jolt back into life later this year, and expect a final payout of 1.5p per share to materialise for 2014. A full-year dividend of 3.3p is anticipated in 2015.
A partial payout this year translates into a 2.1% yield, although next year’s significant hike drives the readout to a not-inconsiderable 4.1%. This compares extremely well with a forward average of 3.2% for the FTSE 100.
Income investors can take heart from forecasts which indicate that predicted payments — at least during the medium term — should be protected by strong earnings growth. Brokers expect Lloyds to bounce from losses of 1.2p per share in 2013 to earnings of 7.3p this year, with a 10% advance to 8p anticipated in 2015.
These projections provide the bank with chunky dividend coverage of 4.9 times predicted earnings in 2014, and although this drops to 2.4 times next year, this is still comfortably above the safety threshold of 2 times.
Lloyds’ post-bailout restructuring plan has seen the company significantly slash costs and hive-off a multitude of non-core assets to bolster the balance sheet, as well as invest in a multitude of new products and services in order to attract UK retail customers through the door. This approach helped underlying profit more than double last year, to £6.2bn, and the overhaul programme has plenty more left in the tank.
In the immediate term Lloyds’ dividend prospects lag those of the competition, as the business awaits official regulatory approval to begin doling out payouts to its investors once more. But from next year, the transformed bank is expected to deliver increasingly appetising payout prospects, delivered in line with solid earnings growth..."
Every little bit helps. Now all we need is for the Market to realise all of this and boost the SP accordingly...............hmmmm
The Labour Party have made noises that they would look at breaking up Lloyds if elected. One good thing about the Govt 's last sale of 8% of their shares (apart from the proceeds helping to reduce the National Debt) was that 30% of them went to the US, 10% to Asia and 10% to Europe.
It seems to me that the more overseas investors there are in the bank the less likelihood that any government would lightly interfere in its future, particularly Labour, who put Lloyds and HBOS together in 2008.
i'll go for 71p , and a further drop to come in the next few months sorry to say , looking at my monthly chart it isn't looking good , slow stoch and rsi are at levels of pre crisis in 2008 and heading downwards from a peak .
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.