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A cancelation of 4 Billion shares in 2024 would be a fantastic result for long term shareholders - anything above that is super fantastic
Looking back Oct 2020 v Feb 2023
Up 61%
LLOY then 26p now 42p
Up 932%
RR. then 38.62p (+RI @32p) now 360
Still makes no sense that this share isnt going up but think it may over the next few months - slow an steady. Even with the car finance issue (at a 2B loss that is only 1 quarter of profit!) we are looking at a PE of less than 4, cash of 2 x MCAP, shareholders returns of 15%. The only think i see is the threat of a Labour Government implementing a windfall tax - but I don't think they would given the dire state of the share price and the fact that pension funds need a gain and banks are needed desperately in the country to be profitable to bring back some growth in financial services. My view is that a PE of 10-12 is not overly greedy at some point. When that comes is anyone's guess :( . I would like to get sosme money back given the years I have been a supporter of the bank. pleaseee.....lol
The market maker is having a laugh at the expense of Lloyd’s isn’t he?!!
The profits are in line with expectations yet the share price heads south.
Is it not about time the true share price value was recognised by the LSE .
Something is not right with the way Lloyd’s I share price is managed here.
Yet most all were telling of 'NO provisions' being set aside for the Car scandal.
Yet there they are, first to roll over, first to silently admit guilt, and the final cost will likely be double the estimate, by the time all scammers have had to have their claims either paid, as it is cheaper to do so than have it investigated fully etc.
Just what HMG the puppet sting puller wants, as HMG doesn't care 'where' or how wrong it is to gain the cash to try to keep the feeble economy on life support, just so long as it is not taken from their reducing coffers.
Odd how the negative comments but more accurate are 'highlighted' yet all the 'specials' increase in buybacks, etc are dropped like a hot King Edward.
Another 'typical' results day for Lloyds who I assume are keen to keep the share price from rising, as then, the YIELD they pay out on a low share prices 'looks' better, for IF the share price doubled, then to maintain that same yield they would need to 'double' what they pay out to investors in divs.
Hence there will always be 'something' another hurdle in an endless line of such.
Next big one is Labour getting in and taxing us to keep us a 'Penny share' forever.
I'm guessing about 4.5 billion
I was mis sold my petrol this morning the garage charged me more % than expected them to
A 2024 financial year dividend should be at about the 3p level
Lloyds sets aside £450m for FCA motor finance probe
John Moore, Senior Investment Manager at RBC Brewin Dolphin:
'It’s another steady set of results from Lloyds, with profits in line with forecasts for the quarter and full year. 'The bank, like many of its UK peers, is on a path of cost control and robust trading, underpinning its ability to return capital to shareholders. The £450million set aside to cover a regulatory probe into historic car finance issues is the one fly in the ointment in an otherwise relatively upbeat update. 'Longer term, there are strategic questions for Lloyds to consider – such as its plans for Scottish Widows – but for now the bank is in a good position and performing well.' END
Aat
''There is no excuse for not including a special dividend at this time.''
Buybacks are the preference at the moment - any possible increase in the buyback budget may not have come about due to new provisions posted in the quarter - shame
Livestock,
LTI didn’t say 14% return from dividends. He said 14% shareholder returns. I.e. including the buyback. Do try and read properly.
Rolls Royce results today shows slight increase in profit versus estimate and double from year ago and it share price goes up.
Lloyds profit increased to record and shares goes down.
I was looking at RR during Covid but instead put money in LLoy, the mistake of my life
Ls
''You not getting 14% from the divi payment don't bullsh''
?
LTI
Today 08:52
Ls
''it is for investors to decide whether 14% shareholder returns is a great investment - personally I think it is just fine.''
Aat
''The bonuses for those at the BOD trough will be guaranteed through this additional buyback ''
and how have you come to that conclusion?
Poo 💩💩💩💩💩
How can u av 14% on sumfink one paid over a squid for in the first place ?
Lti
You not getting 14% from the divi payment don't bullsh
Taverham, since Lloyds is the most commonly held stock by the UK public, shareholders may well be better off with the beneficial impact of what Labour does with windfall taxes on Lloyds than any benefit they will see to their finances from the pitiful dividends being tossed like crumbs by the tory BOD. The bonuses for those at the BOD trough will be guaranteed through this additional buyback but nothing for 'ordinary' shareholders. 100% of nothing is still nothing, you have to laugh at the 15% increase boast in the RNS.
When is LBD getting a CEO? When they needed leadership, they got Nunne!
Come on Labour, windfall tax these p*icks. I'm not even a Labour supporter, but something has to change. There is no excuse for not including a special dividend at this time. More shareholder cash returns will just disappear (Telegraph), like with ppi and the cancelled dividend. Try contacting Lloyds and informing them that you can't make a payment on your mortgage loan, but the bank has just announced another £2bn in buybacks and see if that covers it.
7.5 billion profit people. Knee-jerk reaction not required.
Ls
it is for investors to decide whether 14% shareholder returns is a great investment - personally I think it is just fine.
And now on BBC no win no fee ambulance chaser going bust leaving the claimants thousands in legal costs,
Lloyds payed out 2.19 in2019 final dividend pre covid so today was a let down i think for many investors .
FULL YEAR 2023 FREQUENTLY ASKED INVESTOR QUESTIONS
Why have you taken a provision in light of the FCA motor finance review?
• As disclosed in previous periods, we continue to receive a number of court claims and complaints in respect of motor finance commissions.
• On 10 January 2024, the FOS issued its Final Decision on a complaint relating to the Group, as well as decisions relating to other industry participants. On 11 January 2024, the FCA announced a section 166 review of historical motor finance commission arrangements and sales and plans to communicate a decision on next steps in the third quarter of 2024.
• The FCA has indicated that such steps could include establishing an industry-wide consumer redress scheme and/or applying to the Financial Markets Test Case Scheme, to help resolve any contested legal issues of general importance.
• In response to both the FOS decisions and the FCA announcement the Group has recognised a charge of £450 million.
• This includes estimates for operational and legal costs, including litigation costs, together with estimates for potential awards, based on various scenarios using a range of assumptions, including for example, commission models, commission rates, applicable time periods (between 2007 and 2021), response rates and uphold rates.
• While the FCA review is progressing there is significant uncertainty as to the extent of misconduct and customer loss, if any, the nature and extent of any remediation action, if required, and its timing. The ultimate financial impact could therefore materially differ from the amount provided, both higher or lower.
www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2023/q4/2023-lbg-fy-shareholder-faqs.pdf
Livestock,
You’re showing your lack of understanding again of why share prices move and how buybacks work. Not for the first time sadly.
Dividend is not fine-it is set at what the Bod consider the minimum to not have too much protest-it is still below Pre Covid level.
The likes of HSBC and Compass pay 50% of their profits out as dividends -no reason for Lloyd’s can not do this-rather have another 1p in dividend than any minimal shareprice increase that buybacks might provide