Member Info for Asperger1

Based on LSE daily tech chart -
New gap this AM

18th-21st Dec 20 - 34.9
11th-12th Mar 20 - 41.6
21st-24th Feb 20 - 55.2
10th-13th Jan 20 - 60.1
23rd-24th Jun 16 - 71.1
27th-28th Oct 15 - 77.1

Looking to continue the steady recovery please - leave no gaps behind

https://www.investopedia.com/articles/trading/05/playinggaps.asp
https://allstarcharts.com/gaps-need-filled/

Hindsight is such a wonderful thing,
Did you take advantage of these 'better places' Stargunner?
what where they?

Usual weekend update -
I started this fantasy portfolio in 2016 to challenge various posters perception that Lloy is 'the worst share ever', 'better else where' or a 'dire share',
On the 8th Oct 2016 I invited WL/Newchurch to choose an alternative ftse 100 company so I could run a comparison

On 8th Oct 2016 - 1000 quid bought 206 BP. shares & 1905 Lloy shares
Today's value
BP. 206 @ 271 = 559
Lloy 1905 @ 35 = 668

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 @ 242 = 810
Lloy 1553 @ 35 = 528

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 @ 157 = 603
Lloy 1512 @ 35 = 528

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 @ 145 = 695
Lloy 1504 @ 35 = 526

In Sept 2018 Motley Fool recommended Diageo over Lloyds
On 9-9-18 1000 quid bought 37.3 DGE & 1704 Lloy
DGE 37.3 @ 2949 = £1100
Lloy 1704 @ 35 = £596

In April 2020 Theosus asked that I add Circassia -
On 14-4-20 £1000 bought 3891 CIR & 3058 Lloy
CIR 3891 @ 28 = £1089
Lloy 3058 @ 35 = £1070

In April 2020 TheBoard asked that I add RollsRoyce -
On 25-4-20 £1000 bought 322 RR. & 3367 Lloy
Today's value
RR. post 10for3RI 1073 @ 114 = £1223
Lloy 3367 @ 35 = £1178

This weeks observation -Prospect of 'No Deal' Brexit still hangs over the markets, yet another Sunday crunch day for EU trade deal ??? Vaccination rollout underway, PRA divi restrictions limit bank gains, UK's four nations agree to relax COVID restrictions to save Christmas

A very basic comparison that does no include divi yield, IMO those still suggesting Lloy is 'the worst share ever' or a 'dire share' seriously need to examine their concept of investing.

Real deal
30-3-20 I bought 15,000 Lloy @ 33.606 = £5040
Current value -
LLoy 15000 @ 35 = £5250

A1

Based on LSE daily tech chart -

11th-12th Mar 20 - 41.6
21st-24th Feb 20 - 55.2
10th-13th Jan 20 - 60.1
23rd-24th Jun 16 - 71.1
27th-28th Oct 15 - 77.1

Looking to continue the steady recovery please - leave no gaps behind

https://www.investopedia.com/articles/trading/05/playinggaps.asp
https://allstarcharts.com/gaps-need-filled/

Doesn't work like that Hardup - the 37.2 gap was closed today
Generally gap's are created over night

Based on LSE daily tech chart -

9th-10th Dec 20 - 37.2 closed today 16th Dec 20
11th-12th Mar 20 - 41.6
21st-24th Feb 20 - 55.2
10th-13th Jan 20 - 60.1
23rd-24th Jun 16 - 71.1
27th-28th Oct 15 - 77.1

Looking to continue the steady recovery please - leave no gaps behind

https://www.investopedia.com/articles/trading/05/playinggaps.asp
https://allstarcharts.com/gaps-need-filled/

Next EU Trade Deal deadline - April fools day ???

https://www.bankofengland.co.uk/prudential-regulation/publication/2020/pra-statement-on-capital-distribution-by-large-uk-banks

"if any firm wishes to make shareholder distributions in excess of these guardrails, it should engage with its supervisors and expect a high bar for justifying any exceptions." -

Over to you AHO

Motbock - I guess the PRA concept of time scale is different to ours?

Alex Brazier - Re "DELAYED" Dividends

UPDATE 1-
Bank of England says banks' dividend curb won't have long-term impact

Wed, 28th Oct 2020 17:56 LONDON, Oct 28 (Reuters) -
The Bank of England's request in March for banks to restrain dividend payments will not change
the amount of payouts over the longer term, its executive director for financial stability said on Wednesday.

"This is a dividend DELAYED rather than a dividend destroyed forever. It does not change the amount of distributions banks will make over the long run," Brazier told an online event held by the CSFI think tank.
"It does require a degree of patience from investors," he added.

The BoE regards payouts as an "important and necessary" part of the functioning of the banking system, and will undertake "very careful analysis" this quarter of banks' distribution
plans, Brazier said.

"We need to take into account bank profitability and their ability to generate capital organically," he said.

https://www.lse.co.uk/news/LLOY/update-1-bank-of-england-says-banks-dividend-curb-wont-have-long-term-impact-pwjhr33plzapfy3.html

Motbuck -

PRA statement on capital distributions by large UK banks -

Temporary approach to shareholder distributions for 2020 -
In relation to full-year 2020 results, distributions to ordinary shareholders by large UK banks should not exceed the higher of: 20 basis points of risk-weighted assets as at end-2020; or 25% of cumulative eight-quarter profits covering 2019 and 2020 after deducting prior shareholder distributions over that period.footnote [2] The PRA will expect to be satisfied that any distributions would not create excess vulnerabilities to stress for a given bank or impede its ability or willingness to support households and businesses. The PRA has designed the guardrails above in line with its primary objective to promote the safety and soundness of firms we regulate and it is the responsibility of banks’ boards to make distributions which are consistent with this objective. Accordingly if any firm wishes to make shareholder distributions in excess of these guardrails, it should engage with its supervisors and expect a high bar for justifying any exceptions.

Returning to standard capital-setting and distributions processes through 2021
The PRA intends to transition back to its standard approach to capital-setting and shareholder distributions through 2021. Under this framework, bank boards are responsible for making distribution decisions subject only to the standard constraints of the regulatory framework, including the regular annual stress test.

Following the cancellation of the annual concurrent stress test in 2020 in order to help lenders focus on meeting the needs of households and businesses during the onset of the Covid-19 pandemic, the PRC and FPC intend to undertake a full system-wide stress test in mid-2021 and to publish bank-by-bank results at end-2021. Further details will be set out in due course. In the meantime, for 2021 dividends the PRA is content for appropriately prudent dividends to be accrued but not paid out and aims to provide a further update ahead of the 2021 half-year results of large UK banks.

https://www.bankofengland.co.uk/prudential-regulation/publication/2020/pra-statement-on-capital-distribution-by-large-uk-banks

"if any firm wishes to make shareholder distributions in excess of these guardrails, it should engage with its supervisors and expect a high bar for justifying any exceptions." -
Sounds good for Lloy

"Returning to standard capital-setting and distributions processes through 2021
The PRA intends to transition back to its standard approach to capital-setting and shareholder distributions through 2021" -
OK I think ???

"for 2021 dividends the PRA is content for appropriately prudent dividends to be accrued but not paid out and aims to provide a further update ahead of the 2021 half-year results of large UK banks." -
Hmmm - 2021 Q1 divi may be accrued but not paid until Q2 subject to PRA update

Sadly not Motbuck - not based on what the PRA have said

Cocopop -
The 2019 final divi was retained to boost capitalisation - the PRA have placed restrictions on any 2020 final divi - we might see 1p if we're lucky - hopefully restriction end with 2020 results?

Depending on the Covid economic impact We may have to wait some time to reap benefit from the retained 2019 final divi

But - don’t forget this share has a new normal

* Capitalised like never before - thanks to delayed divi
* £bn's & £bn's of extra lending underwritten by HMG
* Stamp duty holiday house sales boom
* Post covid house sales boom?
* Card/Loan payment holidays end, accruing interest throughout
* Divi/buyback restrictions end with 2020 results
* Brexit concern relief?

Looking for a new normal 80p+

Marcus - IMO it's not so much about %, more about sentiment and way of life - for us fish are a small deal - for France and Spain it's a huge deal - the leverage is to our benefit

Further progress made this AM :-)
Surely no one still thinks a deal won't be done

Seany123 -
Seems PRA restrictions will limit the YE2020 divi - maybe 1p?
I hope something like normal divi's will return in 2021, we will see at Q1

Roswell

And as a devolved power Wales has the legal right to 1st adopt Labours 'firebreak' and then adopt Scotland's weird 0 to 4 tier system because neither Wales or Scotland couldn't possibly be seen to adopt Englands system - playing politics with peoples lives - fostering 'us v them' to gain votes - nowt so strange as folk - couldn't make it up

Walkerworld -
"Scotland’s teir system ranges from 0 being the lowest to 5 being the highest" ???

For political reasons Scotland couldn't possible adopt the UK system so developed its own perfectly simple 5 tier system

The 1st level of its 5 tier system is tier 0
The 2nd level is tier 1
The 3rd level is tier 2
The 4th level is tier 3
The highest level level of the 5 tier system is tier 4

Couldn't make it up lol

https://www.bbc.co.uk/news/explainers-52530518

Thanks Tangler - didn't know PRA wanted 2019 buyback also deducted but guess it makes sense - as you point out, that will reduce further any 2020 divi,

Total voting rights during 2019
28th Feb 2019 71,349,949,398
29th Mar 2019 71,196,168,225 - 154m
30th Apr 2019 70,864,314,036 - 332m
08th May 2019 71,409,314,036 + 545m
31st May 2019 70,956,983,504 - 452m
28th June 2019 70,764,310,880 - 193m
31st July 2019 70,472,185,753 - 292m
30th Aug 2019 70,128,674,524 - 344m
30th Sept 2019 70,026,650,473 - 102m
31st Oct 2019 70,036,069,794 + 10m
29th Nov 2019 70,044,224,961 + 8m
31st Dec 2019 70,052,557,838 + 8m
31st Jan 2020 70,285,353,360 + 233m

WOW - the PRA must really like to see shareholders suffer - how dare we be prudent, save our money and invest in British companies

I trust these PRA guidelines only apply to the year 2020 and Lloyds will be free to resume something like normal divi's in 2021 ?

Usual weekend update -
I started this fantasy portfolio in 2016 to challenge various posters perception that Lloy is 'the worst share ever', 'better else where' or a 'dire share',
On the 8th Oct 2016 I invited WL/Newchurch to choose an alternative ftse 100 company so I could run a comparison

On 8th Oct 2016 - 1000 quid bought 206 BP. shares & 1905 Lloy shares
Today's value
BP. 206 @ 275 = 567
Lloy 1905 @ 34 = 648

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 @ 237 = 794
Lloy 1553 @ 34 = 528

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 @ 150 = 576
Lloy 1512 @ 34 = 514

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 @ 135 = 642
Lloy 1504 @ 34 = 511

In Sept 2018 Motley Fool recommended Diageo over Lloyds
On 9-9-18 1000 quid bought 37.3 DGE & 1704 Lloy
DGE 37.3 @ 3009 = £1122
Lloy 1704 @ 34 = £579

In April 2020 Theosus asked that I add Circassia -
On 14-4-20 £1000 bought 3891 CIR & 3058 Lloy
CIR 3891 @ 24.5 = £953
Lloy 3058 @ 34 = £1040

In April 2020 TheBoard asked that I add RollsRoyce -
On 25-4-20 £1000 bought 322 RR. & 3367 Lloy
Today's value
RR. post 10for3RI 1073 @ 117 = £1256
Lloy 3367 @ 34 = £1145

This weeks observation -Market impacted by prospect of 'No Deal' Brexit, Sunday crunch day for EU trade deal !!! UK first country in world to Vaccinate, PRA lift divi ban but impose restrictions, England under '3 tier' system, Most of Scotland under highest of their '5 tier' restrictions, Whole of Wales moving to Scottish level 4 following 'firebreak' fail.

A very basic comparison that does no include divi yield, IMO those still suggesting Lloy is 'the worst share ever' or a 'dire share' seriously need to examine their concept of investing.

Real deal
30-3-20 I bought 15,000 Lloy @ 33.606 = £5040
Current value -
LLoy 15000 @ 34 = £5100

A1