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Dc I just licked my finger and stuck it out the window - here's what it told me - we recover a couple of percent tomorrow along with an rbs rise and BARC drops a tad or sits evens.
What ever happens I won't be awake to see it lol!! Knackered after getting up in the middle of the night to see BARC results yesterday amd LLOYDS today
can only hope for those that partially rely on the Lloyds dividend that as we progress into the 2nd half , that a more realistic total dividend becomes more of a possibility for them.
dc
''why the drop''
it is clear that after abandoning the quarterly dividend policy (would have been a far lower divi), and having the freedom of setting an unhindered interim dividend, the amount being given does not inspire those investors who invest for long term income, when it is very clear to everyone that a 1p interim would still have been conservative bearing in mind profitability and an enormous cash pile
Barclays showed a lot of strength today building on the good day yesterday suggesting a lot of institutional buying what was interesting today was share price started falling at midday from 47p to sub 46p in a matter of one hour why the drop
dc
unless there is a big deterioration in the 2nd half, it is safe to assume that a projected forward yield at the current price will be a MINIMUM of 4.3%. I cannot see a reason at this stage why it cannot be considerable more based on projected profits and up to £5 Billion of excess capital.
If BARC do further buy backs in the second half of the year their return to shareholders could be in excess of 10 percent - I'm not saying LLOYDS won't I'm saying they need to hurry the ferk up.
Projected yield 4 per cent
It doesn't matter that the share price has a net asset value of 55p the present price is 46p projected yield there are better shares out there with better yield and less risk
Yes but BARC bought and cancelled 1.2 billion pounds worth of shares which equates to over 3pc of payouts on top of the divi.
LLOYDS need to do a buy back of a similar level - it's as simple as that really.
The share price doesn't lie - it's told the board of Directors it didn't like something today and the only thing missing was the buy back.
People are forgetting Lloyds shot up over 80p with no dividends when the banks course the financial crisis this time its not financial the banks are well capitalized paying dividends and they they supporting the country and they aren't the seen by the markets as the villains
Lloyds 70p end 2021
Reply to 18
"Narrow view", hardly; I topped up 100's thousands of shares when it sitting in the 20's and 30's, when most people were burying their heads in the sand, thinking it was the end if the world. In hindsight I should've gone for more risk for better rebound gains, but i favour financial stocks. Easy to make money clicking a few buttons for banks, low risk.
I certainly know what a bond is, or a gilt for that matter thanks. I don't do bonds especially in new economy growing cycle with likely falling bond prices and cr@p yields. Not for me thanks.
Anyhow higher interest rates is actually great for banks, especially if they fund lending on the pile of self funded cash the bank built up the last 10 years (instead of paying divs, due to basel2). But now it's time to reward shareholders.
Point is the bank is worth 55.6p a share tangible assets, post paying this div. They're sitting on CET1 of over 16.5% not including a ton of provision hidden away, they can afford to returns divs.
You can't compare an income stock with bonds or growth stocks. Lloyds will churn out billions a year of free cash flow, handing it back to shareholders is normal process. Hence why it has "income" followers. Growth is nice, but a tick along cash cow us fine by me.
I'm not one to put myself on a pedestal by belittling others, I tend to smile at wannable educated class-ists from my detached 4 bed house. I come from the era you were kicked out the door at 16, and told don't come back without some money to pay the family bills. Wisdom has value you know. Haha.
Bye for now. Rick
southcoastbather
"Wait until q3 update - there will have to be a buyback or big special dividend to put LLOYDS on par with BARC and RBS"
Barclays divi yield is 3.4%
Lloyds divi yield is 4.3%
Have you not seen the supermarket wars where they're fighting to get lorry drivers etc!? Focus on one thing and you miss the bigger picture.
Are you not going to mention the staff shortages right now?
You can be sure of Shell - a 38% dividend increase plus 2 Billion dollar buyback.
southcoastbather- 1.9million still on furlough. And all mortgage holidays come to an end 31st July. HMG stops underwriting.
What happens then?
Wait until q3 update - there will have to be a buyback or big special dividend to put LLOYDS on par with BARC and RBS...
Fool
By your logic you will be claiming great foresight again if on ANY day in the future Lloyds drops.
Fool
''Save your Penny's, further to drop what and learn armature s''
''Well well , you all read my posts to you all who laughed at the fool who's laughing now''
So you think that having 2 bites of the cherry gives you great insight do you?
Only combination against you claiming some sort of validity was UP UP.
Southcoast I am afraid the rocket has run out of fuel if Lloyds cannot post a decent rise on results day and dividend announcement when the ftse100 posted a decent rise also the Dow Jones as well then when can it I just cannot see Lloyds having a decent run where it posts three consecutive days of rises above one per cent I would say 50p is the maximum this year and even that is going to be a struggle
I think more research should be done on those peeps that do and recommend
DYOR ....... Timing is king .
Sam lol most people think they are predicting the next big housing market crash with loan defaults - that ship has sailed though as lenders have changed.
I think the rocket days were upper 20s to mid 30s and upper 30s to 50p - from here it should be smoother - im torn between a 50p end of year and a 55p (I think 55p is still very likely)
We know this could move to 50p in a few good sessions.
The bank is doing really well and just needs to share it out - sharing is caring and all that!
scb
"I know everyone like to think they are John Paulson and all that but sadly that was a one off ship that sailed".
baffled by that. I work full time and know very little about share trading but Im not that out of place here.
scb
your right not much guessing goes on here...
it was a half hearted comment and If id tried harder I could have said ultimately the wisdom of todays decision might be borne out in the fullness of time as it could help maintain rock solid foundations for paying a decent dividend in years to come. I don't think we really disagree that much I just don't share in the near term optimism/euphoria of those that think its going to rocket any day now.