Lloyds future Share Price and Dividends will only be determined by increased income and profit margins. The HMG exit and the planned SID sale will only give a very small limited short term boost to the share price and will have no effect on profit or margins. The UK economy is being driven by Consumer Debt, Working Tax Credits,(eight million families rely on these for mortgage and loan repayments) QE. and artificially low interest rates, all of these will have to be withdrawn or substantially reduced at some point in the very near future. Where Lloyds and the rest of the UK banking sector future growth prospects and increased profit margins are going to be generated from, when these measures are implemented will be very challenging for the banks indeed.
Either Lloyds gets asked to preserve its finance or pay out special divi it!s win win as Lloyds will be stronger then it has been since hbos fiasco as far as I am concerned. I bought significant amount today to back my view ..
Havelock Europa shedding 50 jobs after Lloyds Banking Group contract blow
The loss of the Lloyds contract wiped almost £2 million off the value of Havelock Europa’s shares. Lloyds was Havelock’s largest single customer and revenue streams attributed to Lloyds were worth £14m to Havelock this year.
That is how it was described and if I remember it took several routes...... In the "good old days" the senior manager would have an agency account with good class life insurance companies offering quality life policies with or without profits,and usually would be set up when a substantial lending proposition was agreed.Then somebody caught onto the idea and Black Horse Life policies came on the scene.......not particularly good contracts,but points to the management if one was sold.....then of course there was a large development in unsecured personal lending with s certain amount of "arm twisting" on the basis that the loan would certainly obtain a more favourable response when credit scored.This is where the ""bully boys" then came on the scene,and did not accept that there were well off well educated customers who would consider closing accounts if pressurised,and take with them substantial credit balances.My A.D was a typical .b.b......but of course he put pressure on himself as well,and their we're not many tears from some of his underlings when he had a heart attack and passed on.It is very worrying for present staff if this sort of attitude returns.........get the credit balances in that's where the banks will make safe money when lending to good quality concerns ,and if there "key person or persons" involved in the business make sure they put in place good class life insurance
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