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G13,
With a view to keeping debate balanced :-
"But is the housing market boom likely to last? Two factors behind it are temporary in nature: the release of pent-up demand after lockdown restrictions on the sector were eased in May, and the government’s move in July to introduce a stamp duty holiday, with home buyers paying no tax on the first £500,000 of any transaction in England and Northern Ireland.
Buyers, particularly the wealthy, have returned faster than expected to the market, but some experts think the boom is set to peter out.
The Centre for Economics and Business Research, a consultancy, predicts a 14 per cent fall in average house prices next year, saying the market is being artificially buoyed by the stamp duty holiday.
“Throughout August, the UK housing market defied gravity yet again, with unofficial measures putting average prices at record highs,” said the CEBR. “This is at odds with the wider economic turmoil.”
https://www.ft.com/content/16f82139-8fe2-49a8-93a0-27004489bb6b
Naturally , some folk will always maintain it won't affect lloy .
typical, instits got it dramatically wrong and now holding back the sp. did the same to barc
Atleast SP should now return to 38p+ ...
Why does SP not rise fast enough inspite of very good results is beyond me ?!
“ This statement should send the 20p minus brigade packing”
Yes, where are the doom twins Darth and Dividend Chaser ?
Strange that they seemed to both disappear off here at the same time........
RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020 (continued)
Resilient business model with return to profitability in the third quarter
* Net income of £10.8 billion, down 17 per cent, with £3.4 billion in the third quarter, reflecting lower interest rates and lower other income. Lower net interest margin of 2.54 per cent, reflecting lower rates, actions taken to support customers and changes in asset mix. Net interest margin of 2.42 per cent in the third quarter, up 2 basis points and average interest-earning assets slightly higher in the quarter, both supported by strong volume growth
* Other income decreased by 23 per cent to £3.4 billion, with £1.0 billion in the third quarter, reflecting lower levels of customer activity across the Group's main business lines and the impact of the Asset Management Market Review
* Total costs of £5.8 billion, 4 per cent lower, with business as usual costs down 5 per cent, enabling continued investment in digital projects and enhanced support for customers during the pandemic. Total costs of £1.9 billion in the third quarter lower than prior year
* Trading surplus of £5.0 billion, including £1.5 billion in the quarter, providing significant capacity to absorb impairment impacts of the coronavirus crisis
* Impairment experience benign in third quarter with a charge of £0.3 billion, in line with pre-crisis levels and reflecting no significant change in economic outlook; £4.1 billion charge in the nine months primarily reflecting deterioration in economic outlook recognised in the first half of 2020
* Return to profitability in the third quarter with statutory profit before tax of £1.0 billion and profit after tax of £0.7 billion; return on tangible equity of 7.4 per cent in the quarter
Strong balance sheet and capital position, well positioned to absorb future coronavirus impacts
Well placed to deliver for shareholders:
Well positioned for long-term superior and sustainable returns
Good Morning Triflepig....
Or from now on with the clocks going back will 40p be the new 30p..... a feel a little Falker this morning LOL
This statement should send the 20p minus brigade packing, but this is a stock market who knows what's next?
Good set of results, no dividend inline with guidance, could be a special divi next year depending on surplus cash.
I would think dividend would be decided and announced in final results.
Should be a big special dividend next year, when they are allowed to award dividends again.
Could easily support a 3p div in the NY if profits and strong pipeline cont.
Only scanned but - no mention of dividend?
I will settle for 40p by Friday......
What would we give for 52p here today ;-)
Tangible net assets per share up to 52.2p from 51.6p . Better than expected profitability. Good luck, Brighty