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No positives I am afraid
List of negatives - return on capital 10% plus and guidance for year upgraded
"amazing the swings Lloyds has had today to now being red....yet Barclays up another 2%"
City Wide Boys now doing there stuff manipulating the shcit out of the SP.
List of negatives:
£3.9 billion profit
NIM increasing - 2.5%
CET ratio 16.9%
Dividend % - 4%
deposits growing by 7 billion
NAV 55 pence up 5% plus
Guys We've made £4,000,000,000.00 - lets sell up... not making enough... just four times more profitable than Tesla.... sell your shares... company going bust lol LOL LOL LOL NO FUTURE HERE.
Amazing the swings Lloyds has had today to now being red.... yet barclays up another 2%.
Casapinos - with Lloy measly 0.67p divi I can only dream of having £200 to spend lol
"Lets say your bank gets in touch to say you're overdrawn by £1k, the next day they apologise , say they got their sums wrong and you're only overdrawn by £800. That does NOT mean that you have got £200 to spend.
Got it?"
Surely it's more like you have £1000 in the bank and you're expecting a bill for £800 so you're obviously careful not to spend any more than £200. Then it turns out your bill is actually only going to be £100 so you've got £900 to spend ( £700 more than before).
Asperger one last attempt .
Lets say your bank gets in touch to say you're overdrawn by £1k, the next day they apologise , say they got their sums wrong and you're only overdrawn by £800. That does NOT mean that you have got £200 to spend.
Got it?
Asperger my last response as this discussion is rapidly becoming pointless. The impairment credit is an accounting adjustment , it does not exist in the form of a pile of notes in a vault .It is merely that a big(hypothetical) number from last year has been reduced by a less big but still hypothetical, number to a smaller than expected DEBIT!
Casapinos -
"they clearly expect to suffer bad debt losses in the region of £3.1 bill , so that is NOT money available to distribute to shareholders, it is merely that a predicted £3.8 bill loss is now predicted as merely a £3.1 bill loss , would you like to calculate your share of that!!"
Impairments nowhere near as bad as anticipated
Massive capital buffers - headwinds low
Loans underwritten by HMG
Substantial Q2 underlying earning (before impairment credit)
Q2 Interim less that impairment credit - Something doesn't stack up
My guess -
Shareholder funds being stashed to enable incoming Charlie Nunn look generous
Agree Prime, in the words of the BOE the announced dividend was postponed as prudent, NOT cancelled. However, it looks as though it will not be paid now. Looking at it as a fresh start, it does appear that a huge amount of cash is being held back though which will hopefully start to come through at year end. (I do have a particular interest as I'm planning to take early retirement in 8 months and the Lloyd's divi is part of my plans :) )
Asperger, the accounting adjustments (negative ) last year and (positive) this year are just that, accounting adjustments , they in the end didn't or haven't so far paid out £3.8bill,as they had feared, but as they've only added back £656m , they clearly expect to suffer bad debt losses in the region of £3.1 bill , so that is NOT money available to distribute to shareholders, it is merely that a predicted £3.8 bill loss is now predicted as merely a £3.1 bill loss , would you like to calculate your share of that!!
Bank accounts, not yours or mine, are an arcane science based upon wild guesses(sorry detailed estimates )and clearly if LLOY realise they might still have some considerable write offs in the future aren't going to pay out to shareholders until the dust begins to settle.that won't be until next FY at the earliest but for patient holders , of which I count myself one , this will be a sound if unspectacular investment.
I think it's understandable that investors are disappointed .. specially after Barclays performance yesterday .. I had hoped to see 49p today, still the day is young ..
Hopefully todays results will finally get whingers to sell their shares and we can move onwards. You are never going to get last years dividend - ever. Get over it. 4% yield is more than adequate!
I saw a message that .67 means poss full year 2 p = 4% yield.........bit like at Barclays (all be it their results were top) We the shareholders are mugged, again. Why? You ask, well it's plain and simple, where is OUR money from last year? Prudent (BOE suggested) and all the banks were happy to fall into line, no dividend. Now the BOE says ok pay div and the banks go all prudent again! The impairment held from last year, our dividend, should be paid to us now as a special delayed 2020 div. 0.67 is less than our 2020 div should have been, derisory. Imo
Today's Headline -
As we haven't got a proper CEO at the moment, we're just keeping the light on
Profits up 300% - share price up 0.5%... Ratio of profits to share price rise: 600:1. Wow - surely a record for a stock market reaction - this despite improved guidance for the year.
Today's Headline -
Shareholder will have to wait, we spent the divi on 'Embark'
Caspinos
Seem we see the same figures but have different interpretation
"So last year impairment were a reduction to profits of 3818,(ie they set aside that amount against bad debts)"
Correct, ie withheld shareholders funds in fear of bad debt, which fortunately didn't arise !!!
"this year were an addition of 656m (they added profit back because the bad debts were less than expected),"
Correct, so why have they not return those funds to the shareholders !!!
~72bn shareholders x 0.67p = £482m, less than the added impairment !!!
"the major reason for the turn round in the results as actual profits were a tad lower"
Not 'Major reason', only ~20% of today's underlying profit
Underlying profit before impairment..3,409
Impairment..............................................656
Underlying profit (loss).........................4,065
A1
I think you exaggerate - I am pretty sure you will have jam on your bread
LTI - good for you, but today's measly divi means I remain on bread & water till May 2022
A1
I am in no hurry for any extra returns
formatting even worse than it looked on screen, imagine two columns
On the plus side -
Measly divi = no gap up