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Dangerous to make assumptions
With Ppi and other items behind us, why would results for the fiscal year 20/21 not look something like this (or better)
2020/21 projected results
Q1 Underlying £2.0bn Pre tax £1.6bn post tax £1.4bn divi 0.75p June
Q2 Underlying £4.0bn Pre tax £3.2bn post tax £2.8bn divi 0.75p Sept
Q3 Underlying £6.0bn Pre tax £4.8bn post tax £4.2bn divi 0.75p Dec
Q4 Underlying £8.0bn Pre tax £6.4bn post tax £5.6bn divi 1.28p May = 3.53p total (cost~£2.5bn) + £2.5bn buyback
As risk declines and divi increases there is only one way the sp will go
Yeah right....risks decline.
Good luck with that thinking.
Or I'm living on planet ZOG
Wids I agreed with you entirely. Part of when the crunch happens though depends on when the Chinese start to realise handing goods to the west in exchange for worthless bits of paper is a pointless exercise. I don't think the USA are as badly placed as Europe though in all this, albeit up to their eye brows in debt too. They'll have the sense to pass on the most destructive elements of the cultural (green) revolution.
Weakening economic growth, low interest rates and more volatile operating conditions will increase the credit challenges for lenders across the world
https://www.google.com/amp/s/www.cityam.com/moodys-downgrades-outlook-for-global-banks/amp/
The rest of the Banks must be in some mess.Year after year we hear this nonsense.The facts are businesses need direction and drive from the Directors.Our BoD aint got a clue.
I also expect very positive progress with the end of PPI. Personally I would like to see the dividend pushing up towards 5p and buyback £1m. £1 such a long awaited landmark .......
I am really cool with buy backs. From my perspective we need to cancel at least 35bn shares for starters.
Who's going to pay for it?
When Jezza says he's going to buy back water,rail etc because ultimately no person/business is above the law you're up in arms, what's the difference.
Taking back control of utilities which haven't performed well must always remain a threat,bit like your nuclear deterrent is.
Snige please hand over the keys of your house to Jeremy Corbyn then we will all take your utterances on nationalisation seriously. Why you imagine the government would have any expertise in utilities god only knows. In case it escaped your attention there was mass Nationalisation in Venuzuela.
Prior to the uncertainty following the referendum in June 2016, lloyds was hovering around the 72p mark. If the the Tories prevail, let's see what happens next Friday.
I like the sentiment although not sure about the logic. We have all seen numerous reports/analysis as to why Lloyds is and has been stuck in a holding pattern. I am not sure I have seen or read anything that might suggest a 60% plus increase in the SP in a little over six months. But I may have missed it so please share your rationale!!
CityBoy7
""" £1 threshold by H1 2020"""
What's the date for H1 2020 ?
Thanks
CityBoy7 do you think we'll see a santa rally this year?
C7
''Loyal LLOY shareholders have suffered in the last 10 years while other investors have enjoyed a global bull market''
I think suffered is a bit of an exaggeration. Investors have had plenty of opportunity to purchase at much lower levels. Some company shares are a lot lower than 10 years ago and not paid a dividend at all. The FTSE 100 is not much above what is was 20 years ago.
Stock selection and trading is key.
CityBoy I agree with you, we will get a decent rally probably Lloyds back into the 70's but it will be short lived once the serious talks on trade begin.
2020 will be another year of uncertainty ending with no deal in sight, while a second vote within 6 months is the quickest route to completion with either remain or a customs union/parts of single market as no requirement for additional trade talks.
Snige
''with either remain or a customs union/parts of single market as no requirement for additional trade talks.''
What you meant to say is that you would like to either see the Lib UNDems cancellation of Brexit or to have another referendum, but this time the choice of remain or remain.
Tell me this is not true.
LTI, it has to be better than another year of uncertainty then leave without a trade deal and then spend seven years negotiating one.
Remember Trump said Boris's WA makes it difficult to get a free trade deal and the EU are not going to jump the gun until we have settled into our new trading regime.
LTI, I know what you're going to say"the quickest way out is WTO" and if this has been the plan all along then now is the perfect time for Boris to tell the electorate and for them to judge. I think he would lose the election if he told this truth and to save his career he'll put the country through another year of uncertainty.
Snige
With a good Conservative majority the uncertainty ends. Democracy would have been served.
Apart from the Conservatives and BP all the other main parties are a disgrace and have no place in what is supposed to be a democratic society.
Lloy will be well ahead of the 70’s following a good conservative victory . About half a trillion pounds is waiting on the sidelines for that eventuality with banks and house builders expected to be in strong demand. As done of us have been arguing for the last three and half years Brexit is a mere sideshow compared to the threat of a ruinous Marxist administration. I suggest that if you want to be part of the European empire I suggest you move to the EU, If you don’t live there already, and start learning the words to ode to joy and ‘“ Oh let my snout in the trough “
I thought Boris wanted a free trade deal based on what we had. Hope bit includes 80% of the financial services never taken by our euro friends as Boris calls them
By next Friday , when Boris wins Election with a majority and a clear mandate , B rexit uncertainty returns to the markets ,gap @ 52p has to be closed .
Whose been looking at motley fool site. ftse is irrelevant. Stick to value stocks and you will do well. Sadly lloyds isn't.