Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Here we go!!! --- 30mins to go on the last trading day of 2023 !!!
Back in January 2023 LSE Lloy board members were invited to enter their guess at Lloy SP on last day of trading 2023 - Update, winner to be declared today 12:30
Hollybean - 17p
Carltt - 31p
Newchuch - 34p
Johnygreenfeet - 45p
BlindLeadBlind - 46p
Guitarsolo - 47p
Petanqueplayer - 48p
Greenwich - 50p
Uncle_Doug - 53p
Drunkinestor - 54p
Broadland - 55p
Motbuck - 56p
Italdo - 57p
Dasper22 - 58p
Jif1 - 59p
Chrisw01 - 60p
Highveld - 61p
Wideride96 - 61.5p
Hardup * - 62p
Sedaka - 62p
Optimistic23 - 63p
Foobar20 - 64p
1.ARMANI - 65p
Machiismo - 65.5p
VictorBlank - 66p
SUFCESSEX - 67p
Seaking1 - 68p
CaptainS - 69p
Bubble2021 - 70p
Dickymint - 71p
Spks - 72p
Sotonspike - 73p
Tobesontour - 74p
Luckylurker - 75p
Tetley64 - 76p
Seany123 - 77p
Calisto - 78p
Pantherax - 79p
Chips - 80p
Nuwanda - 82p
Hounddog10 - 87p
TheFarEnd - 90.5p
Onelongrunner - 98p
Asperger1 - 135p
Here we go!!! --- The last trading day of 2023 !!!
Back in January 2023 LSE Lloy board members were invited to enter their guess at Lloy SP on last day of trading 2023 - the winner to be declared today 12:00 Noon
Hollybean - 17p
Carltt - 31p
Newchuch - 34p
Johnygreenfeet - 45p
BlindLeadBlind - 46p
Guitarsolo - 47p
Petanqueplayer - 48p
Greenwich - 50p
Uncle_Doug - 53p
Drunkinestor - 54p
Broadland - 55p
Motbuck - 56p
Italdo - 57p
Dasper22 - 58p
Jif1 - 59p
Chrisw01 - 60p
Highveld - 61p
Wideride96 - 61.5p
Hardup * - 62p
Sedaka - 62p
Optimistic23 - 63p
Foobar20 - 64p
1.ARMANI - 65p
Machiismo - 65.5p
VictorBlank - 66p
SUFCESSEX - 67p
Seaking1 - 68p
CaptainS - 69p
Bubble2021 - 70p
Dickymint - 71p
Spks - 72p
Sotonspike - 73p
Tobesontour - 74p
Luckylurker - 75p
Tetley64 - 76p
Seany123 - 77p
Calisto - 78p
Pantherax - 79p
Chips - 80p
Nuwanda - 82p
Hounddog10 - 87p
TheFarEnd - 90.5p
Onelongrunner - 98p
Asperger1 - 135p
Casapinos - I guess many of us wish we could turn the clocks back to 2007, but fact is, things happen - Banking crisis, Covid crisis - we can't live in the past - Lloy is now twice the bank and yet at a very low P/E compared to the 'glory days' - for this reason, IMO Lloy is 'Currently a Bargain Buy'
2023 Results ---- % increase/decrease on 2022
Q1 Underlying £2.22bn(+10%) Pre tax £2.26bn(+40%) post tax £1.64bn(+37%)
Q2 Underlying £4.7bn(+14.6%) Pre tax £4.04bn(+10%) post tax £2.9bn(+3.6%) interim divi 0.92p(+15%)
Q3 Underlying £5.35bn(-3%) Pre tax £5.36bn(-2%) post tax £4.3bn(+7.5%)
Projected -
Q4 Underlying £7.5bn Pre tax £7.0bn Post tax £6.0bn(+8%)
Final divi 1.84p(+15%) (+0.5p special?) + £2bn buyback?
Seany - The ridiculous low P/E tells me Lloy is cheap as chips!!! - Plus the buyback program is seriously reducing shares in circulation - Plus Lloy's progressive dividend increases (aided by the Buybacks) - IMO the SP has only one direction to go - and that's UP UP UP
Mr Meerkat Competition YE closing SP. v YE profit v Aprox Shares in circulation at that time
2014 - 75.8p - 1.5bn - Mar 2015 71,373,735,357
2015 - 73p - 2.1bn - Mar 2016 71,373,735,357
2016 - 62.5p - 2.1bn - Feb 2017 71,459,965,313
2017 - 68p - 2.0bn - Feb 2018 72,086,432,586 + 590m
2018 - 51.9p - 4.5bn - Feb 2019 71,349,949,398 - 736m
2019 - 62.8p - 3.0bn - Feb 2020 70,426,890,295 - 923m
2020 - 36.4p - 1.4bn - Feb 2021 70,859,202,885 + 433m
2021 - 47.8p - 5.9bn - Feb 2022 71,047,437,994 + 188m
2022 - 45.4p - 5.5bn - Feb 2023 67,386,199,641 - 3.661bn
Hollybean - While not matched to Mr Meerkat YE Competition date - I update 'Shares in Circulation (Total voting rights) each month in my 'Buyback Watch'
8th Feb 2007 5,638,778,841
29th Feb 2008 5,648,388,364 + 10m
30th Jan 2009 16,345,203,865 + 10.7bn
8th June 2009 25,796,301,751 + 9.45bn
30th Jun 2009 27,161,682,366 + 1.36bn
18th Dec 2009 36,612,829,170 + 9.5bn
31st Dec 2009 63,774,511,536 + 27bn
26th Feb 2010 66,915,197,938 + 3.14bn
28th Feb 2011 68,074,485,023 + 1.16bn
29th Feb 2012 68,874,879,723 + 800m
28th Feb 2013 70,343,558,343 + 69m
28th Feb 2014 71,369,954,233 + 26m
26th Mar 2015 71,373,735,357
24th Mar 2016 71,373,735,357
28th Feb 2017 71,459,965,313
28th Feb 2018 72,086,432,586 - Change for year PLUS 590m
28th Feb 2018 72,086,432,586
28th Feb 2019 71,349,949,398 - Change for year MINUS 736m shares
28th Feb 2020 70,426,890,295 - Change for year MINUS 923m shares
28th Feb 2021 70,859,202,885 - Change for year PLUS 433m shares
28th Feb 2022 71,047,437,994 - Change for year PLUS 188m shares
28th Feb 2023 67,386,199,641 - Change for year MINUS 3.661bn shares
Panderman/Hardup -
Yes, SP v Net Profit (ie P/E) just does not make any sense at the moment - who decides/fixes these things? Us? The market? The Marketmakers?
Are there 'serious risks' that we're not aware of??? Alleged Cost of living Crisis? Impending recession? Risk of a Labour Gov. (God forbid), For sure Lloy doesn't seem to be too worried as they take full advantage of the low SP via the Buyback policy
The current low SP just doesn't seem to make any sense at the moment!!! - meanwhile, I'm still looking for a 5k share top-up
Panderman - Yes, it's interesting to see what lessons can be learnt from Mr Meekrats YE competition - eg, as a group we are overly optimistic, each winner is usually from the lower 25% of the guesses
History - Mr Meerkat Competition YE closing SP. v YE profit
2014 - 75.8p - 1.5bn
2015 - 73p - 2.1bn
2016 - 62.5p - 2.1bn
2017 - 68p - 2bn
2018 - 51.85p - 4.5bn
2019 - 62.8p - 3bn
2020 - 36.4p - 1.38bn
2021 - 47.8p - 5.88bn
2022 - 45.4p - 5.55bn
2023 ???
Mr Meerkat's Roll of Honour -
2014 won by Mr Lego - raised over £370 - MCR University NHS Trust
2015 won by Ms Petanqueplayer - raised over £1600 - Macmillan Cancer
2016 won by Ms Newchurch - raised over £1648 - Macmillan Cancer
2017 won by Mr Inner-Harmony - raised over £900 - Cancer Research UK
2018 won by Mr Wids - raised over £1000 - Shelter
2019 won by Mr Broadland - raised over £700 - Prostate Cancer UK
2020 won by Mr DCB - raised over £1000 - Cancer Research UK
2021 won by Mr Uncle_Doug - raised over £1100 - Alzheimer's Society
2022 won by Mr Theosus - raised £500 - Prostate Cancer UK
2023 ?????
Last few days of 2023 - who is going to be this years winner???
A reminder of entries in Mr Meerkats YE2023 competition - Back in January 2023 LSE Lloy board members were invited to enter their guess at Lloy SP on last day of trading 2023 - the winner will be declared on Fri 29th Dec 23
Hollybean - 17p
Carltt - 31p
Newchuch - 34p
Johnygreenfeet - 45p
BlindLeadBlind - 46p
Guitarsolo - 47p
Petanqueplayer - 48p
Greenwich - 50p
Uncle_Doug - 53p
Drunkinestor - 54p
Broadland - 55p
Motbuck - 56p
Italdo - 57p
Dasper22 - 58p
Jif1 - 59p
Chrisw01 - 60p
Highveld - 61p
Wideride96 - 61.5p
Hardup * - 62p
Sedaka - 62p
Optimistic23 - 63p
Foobar20 - 64p
1.ARMANI - 65p
Machiismo - 65.5p
VictorBlank - 66p
SUFCESSEX - 67p
Seaking1 - 68p
CaptainS - 69p
Bubble2021 - 70p
Dickymint - 71p
Spks - 72p
Sotonspike - 73p
Tobesontour - 74p
Luckylurker - 75p
Tetley64 - 76p
Seany123 - 77p
Calisto - 78p
Pantherax - 79p
Chips - 80p
Nuwanda - 82p
Hounddog10 - 87p
TheFarEnd - 90.5p
Onelongrunner - 98p
Asperger1 - 135p
Mr Meerkat's YE2022 competition won by - Mr Theosus
Donations invited to - https://www.justgiving.com/page/mr-meerkat-competition-1672517165727
Johny -
To the best of my recollection, The Competition was started by 'Mr Meerkat' for the year ending 2014, - I believe Mr Lego was the 1st/original winner, and he chose the charity MCR University NHS Trust -
Looking back at my notes, Mr Meerkat sadly departed during 2016, As a mark of respect and a wish to perpetuate a worthy cause, I volunteered to take over the competition administration and named it 'Mr Meerkats Year End Competition' during 2016
Over the years and thanks to the generosity of participants, The LSE LLoy board has raised cica £9k for various charities - If/when I'm no longer around - and/or if the board wishes - I hope/trust someone else will take over the administration of 'Mr Meerkats YE Competition'
Mr Meerkat's Roll of Honour -
2014 won by Mr Lego - raised over £370 - MCR University NHS Trust
2015 won by Ms Petanqueplayer - raised over £1600 - Macmillan Cancer
2016 won by Ms Newchurch - raised over £1648 - Macmillan Cancer
2017 won by Mr Inner-Harmony - raised over £900 - Cancer Research UK
2018 won by Mr Wids - raised over £1000 - Shelter
2019 won by Mr Broadland - raised over £700 - Prostate Cancer UK
2020 won by Mr DCB - raised over £1000 - Cancer Research UK
2021 won by Mr Uncle_Doug - raised over £1100 - Alzheimer's Society
2022 won by Mr Theosus - raised £500 - Prostate Cancer UK
2023 ?????
A reminder of entries in Mr Meerkats YE2023 competition - Back in January 2023 LSE Lloy board members were invited to enter their guess at Lloy SP on last day of trading 2023 - the winner will be declared on Fri 29th Dec 23
Hollybean - 17p
Carltt - 31p
Newchuch - 34p
Johnygreenfeet - 45p
BlindLeadBlind - 46p
Guitarsolo - 47p
Petanqueplayer - 48p
Greenwich - 50p
Uncle_Doug - 53p
Drunkinestor - 54p
Broadland - 55p
Motbuck - 56p
Italdo - 57p
Dasper22 - 58p
Jif1 - 59p
Chrisw01 - 60p
Highveld - 61p
Wideride96 - 61.5p
Hardup * - 62p
Sedaka - 62p
Optimistic23 - 63p
Foobar20 - 64p
1.ARMANI - 65p
Machiismo - 65.5p
VictorBlank - 66p
SUFCESSEX - 67p
Seaking1 - 68p
CaptainS - 69p
Bubble2021 - 70p
Dickymint - 71p
Spks - 72p
Sotonspike - 73p
Tobesontour - 74p
Luckylurker - 75p
Tetley64 - 76p
Seany123 - 77p
Calisto - 78p
Pantherax - 79p
Chips - 80p
Nuwanda - 82p
Hounddog10 - 87p
TheFarEnd - 90.5p
Onelongrunner - 98p
Asperger1 - 135p
Mr Meerkat's YE2022 competition won by - Mr Theosus
Donations invited to - https://www.justgiving.com/page/mr-meerkat-competition-1672517165727
Started this fantasy portfolio in 2016 to challenge various poster's perception that lloy is 'the worst share ever', 'better else where' or a 'dire share',
8th Oct 2016 I invited wl/newchurch to choose an alternative ftse 100 company, so I could run a comparison, since 2016 others have been added
~~~ On 8th Oct 2016 - - 1000 quid bought 206 BP. shares & 1905 lloy shares
Today's value, BP. 206@467 =£962 v lloy 1905@48 =£914
~~~ In April 2017 invest4life suggested I add glencore - - on 22-4-17 - 1000 quid bought 335 glen shares & 1553 lloy shares
Today's value, glen 335@466 =£1561 v lloy 1553@48 =£745
~~~ In July 2017 nucky suggested I add rbs/natwest - - on 12-7-17 1000 quid bought 384 NWG & 1512 Lloy
Today's value, NWG 384@217 =£833 v Lloy 1512@48 =£726
~~~ In July 2017 utrickytrees asked that I add barc - - on 30-7-17 1000 quid bought 479 barc & 1504 lloy
Today's value barc 479@152 =£728 v lloy 1504@48 = £722
~~~ In Sept 2018 motley fool recommended diageo over lloyds - - on 9-9-18 1000 quid bought 37.3 DGE & 1704 lloy
Today's value, DGE 37.3@2843 =£1050 v lloy 1704@48 =£818
~~~ In April 2020 theosus asked that I add circassia - - on 14-4-20 £1000 bought 3891 cir/niox & 3058 lloy
Today's value, niox 3891@64 =£2490 v lloy 3058@48 =£1468
~~~ In April 2020 theboard asked that I add rollsroyce - - on 25-4-20 £1000 bought 322 RR. (post 10for3ri 1073) & 3367 lloy
Today's value, RR. 1073@302 =£3240 v lloy 3367@48 =£1615
~~~ This week's observation - another uppy week for bank(but new gaps), Russia/Ukraine/Israel/Hamas hostilities rattle on - cost of living continues to bite, strikes strikes strikes, It's Christmas week
A very basic comparison that does not include divi yield, IMO those still suggesting lloy is 'the worst share ever' or a 'dire share' should maybe consider premium bonds?
~~~ 1st real deal, 30-3-20 i bought 15,000 lloy @ 33.606 = £5040
Current value - lloy 15000 @48 = £7200 = +43% over ~43 months
~~~ 2nd real deal, 4-3-22 i bought 8,500 lloy @ 44 = £3740
Current value - lloy 8500 @48 = £4080 = +9% over ~19 months
~~~ 3rd real deal, 13-6-22 i bought 11,500 lloy @ 42.66 = £4940
Current value - lloy 11500 @48 = £5520 = +11.7% over ~17 months
~~~ 5th real deal, 4-5-23 i bought 30,000 lloy @ 46.24 = £13872
Current value - lloy 30,000 @48 = £14400 = +3.8% over ~28wks
~~~4th & 6th real deals sold at profit - details in previous posts ~~~
~~~ 7th real deal, 3-10-23 i bought 25,000 lloy@42.9 = £10725
Current value - lloy 25,000@48 = £12000 = +12% over ~13wk
~~~ 8th real deal, 20-10-23 i bought 28,000 lloy@41.8 = £11700
Current value - lloy 28,000@48 = £13440 = +15% in 9wk
~~~ 9th real deal, 27-11-23 i bought 10,000 lloy@42.3 = £4229
Current value - lloy 10,000@48 = £4800 = +13.5% in 4wk
A little concerning we have low gaps on all 3x banks
~~~Gap watch Lloy --- Current SP - 48p
13th-14th Dec 23 - 46.47p
9th-10th Mar 23 - 51.3p
21st-24th Feb 20 - 55.17p
10th-13th Jan 20 - 60.1p
23rd-24th Jun 16 - 71.1p
27th-28th Oct 15 - 77.1p
~~~Gap watch Barc --- Current SP - 151.8p
2nd-3rd Nov 23 - 133.4p
13th-14th Dec 23 - 142.14
19th-20th Dec 23 - 148.84p
20th-21st Sept 23 - 159.58p
9th-10th Feb 23 - 189.56p
11th-12th Aug 15 - 278p
~~~ Gap watch NWG --- Current SP - 216.7p
2nd-3rd Nov 23 - 182.35p
13th-14th Dec 23 - 217.1p - closed
18th-19th Oct 23 - 227.2p
25th-26th July 23 - 250.4p
9th-10th Mar 23 - 289.9p
23rd-24th Feb 11 - 471p
11th-12th Dec 08 - 648p
Based on LSE tech chart --- https://www.investopedia.com/articles/trading/05/playinggaps.asp --- https://allstarcharts.com/gaps-need-filled/
~~~ The case for Special divi's
Thanks to the buyback program, Share in circulation has dropped to 63.6bn
2023 final 1.84 + interim 0.92 = total 2.76p x 63.6bn = £1.75bn
So. . . Projected total cost of standard Divi 2023 = £1.75bn
Projected cost of a 0.5p Special = 0.318bn
Cost of projected 2.76p normal divi + 0.5p Special = £2.068bn
2024 Projected Buyback £2bn?
£2.068bn divis + £2bn buybacks = ~£4.068bn
Lloy Projected 2023 Post Tax Profit circa £6bn?
C'mon Lloy - lets address the Divi v Buybacks imbalance
Christmas day - 25th Dec 23
Boxing day - 26th Dec 23
Half day trading B4 New Year - Fri 29th Dec 23
Mr Meerkat Comp YE2023 winner declared - Fri 29th Dec 23
Mr Meerkat Competition YE2024 starts 1st Jan 24
New Year Day - 1st Jan 24
Lloy 2023 full year results & final divi announced - 22nd Feb 24
Lloy 2023 final divi Ex divi date - 11th April 24?
Lloy 2023 final divi pay date - 21st May 24?
You seem to be missing my point Gordon - every year since year dot The NHS use this time of year to claim they are 'On the verge of collapse', but as the Junior Doc have chosen to go on strike this winter, guess their usual annual claim wouldn't be a good look on them lol
Excellent example how the NHS and Media work together to manipulate the public opinion lol