RE: Q1 SP predictions?1 Jan 2020 14:43
IMO AWAPPS - February's Year End results are likely to be a bit messy due to the final clearing out of Ppi and other past conduct item - Final divi should be secure but we may be lucky to see much extra (ie buybacks etc) - personally I look forward to the fiscal year 20/21, released from all the previous baggage Lloy should produce truly staggering returns, sure will be interesting to see how the market values a share returning 7p to 8p for the foreseeable future
eg P/E 12 = 84p to 96p
2019/20 results
Q1 Underlying £2.2bn Pre tax £1.6bn post tax £1.2bn
Q2 Underlying £4.2bn Pretax £2.9bn post tax £2.2bn divi 1.12
Q3 Underlying £6.0bn Pretax £2.9bn post tax £2.0bn
Projected
Q4 Underlying £8.0bn Pretax £4.0bn post tax £3.0bn divi 2.24p = 3.36p total (cost£2.4bn) + £0.5bn buyback?
With Ppi and other items behind us, why would results for the fiscal year 20/21 not look something like this (or better)
2020/21 projected results
Q1 Underlying £2.0bn Pre tax £1.6bn post tax £1.4bn divi 0.75p June
Q2 Underlying £4.0bn Pre tax £3.2bn post tax £2.8bn divi 0.75p Sept
Q3 Underlying £6.0bn Pre tax £4.8bn post tax £4.2bn divi 0.75p Dec
Q4 Underlying £8.0bn Pre tax £6.4bn post tax £5.6bn divi 1.28p May = 3.53p total (cost~£2.5bn) + £2.5bn buyback