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Results good . Div and buyback in line with my expectations.
Much more provision to come from motor finance in the future even though the FSA do not report to the end of the year.
So it is sell off Thursday and Friday this week
Natwest?
NuckyT
Goodbye - decisions now on an alternative to get your 7+ %
NC
'' IF the share price doubled, then to maintain that same yield they would need to 'double' what they pay out to investors in divs.''
Have you STILL not learnt anything on this matter - monies set aside for dividends are determined by profitability and policy NOT a share price
Distinctly average results today. The divi and buy back is as expected, but the provisions for car loan debacle has demolished any chance of a share price increase until the scandal is put to bed. Business wise, good fwd planning, but dire for shareholders. This time next year Rodney…
"Never to be back. GLA"
How many times have you said that since January? Are you sure this time? 🤣🤣
Looking to leave at a advantageous SP -may get 45p at some point
Never to be back. GLA
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