Member Info for Asperger1

Many thanks to all who took part in today's juicy ~£14m buyback

Number of ordinary shares purchased: 22,050,907

Highest price paid per share (pence): 63.24

Lowest price paid per share (pence): 62.70

Volume weighted average price paid per share (pence): 62.99

Many thanks to all who took part in today's ~£14m buyback

Number of ordinary shares purchased: 22,066,249

Highest price paid per share (pence): 63.30

Lowest price paid per share (pence): 62.47

Volume weighted average price paid per share (pence): 63.00

Phil - seems unlikely there will be further provisions this year, might even be a little surplus? :-)

Lloyds Bank stars as FTSE 100 rockets in Q1

http://www.cityam.com/275821/lloyds-bank-stars-ftse-100-rockets-q1

Many thanks to all who took part in today's bumper buyback

Number of ordinary shares purchased: 21,954,912

Highest price paid per share (pence): 62.85

Lowest price paid per share (pence): 61.88

Volume weighted average price paid per share (pence): 62.47

A1

Lloyds Banking Group has appointed Havas helia to lead its customer engagement account following a competitive pitch.

Since November 2018, the banking group has been looking to pin down a new agency for one-to-one communications across all channels, including direct marketing, CRM, b2b and customer conversion.

https://www.thedrum.com/news/2019/04/08/lloyds-banking-group-confirms-havas-helia-appointment-coveted-crm-account

MPs call for probe into HBOS fraud ‘cover-up’

'Fair business banking group' claims executives ‘withheld’ critical report

The news comes after it emerged last month that a long-awaited probe into the FTSE 100 bank’s handling of the fraud was now not likely to be completed until next year.

Analysts on Lloyds -
Credit Suisse, which sees Lloyds as a ‘buy,’ set a price target of 83p on the shares last month. According to MarketBeat, the blue-chip group currently has a consensus ‘buy’ rating and an average price target of 73p.

http://invezz.com/news/equities/34217-Lloyds-share-price-MPs-call-for-probe-into-HBOS-fraud-cover-up-

Another 20m+ today?

Yes BB - I do tend to be a little over optimistic - there maybe some residual Ppi & restructuring costs - I can live with 5.5bn

A1

Phil -
Lloys Ppi provisions over the past 4 years have been -

2015 - 4bn
2016 - 1bn
2017 - 1.65bn
2018 - 0.75bn

An overview of the whole of ppi (across all banks) can be viewed here -
https://www.fca.org.uk/data/monthly-ppi-refunds-and-compensation

Deadline for Ppi complaint = 29th Aug 2019

A1

Correction - my anticipated 0.5p special divi didn't happen ;-(

2018 Results
Q1 Underlying £2.0bn Pre tax £1.6bn post tax £1.15bn
Q2 Underlying £4.2bn Pre tax £3.1bn post tax £2.27bn divi 1.07p
Q3 Underlying £6.3bn Pre tax £4.9bn post tax £3.7bn
Q4 Underlying £8.1bn Pre tax £6.0bn post tax £4.4bn divi 2.14p + £1.75bn buyback
(Out - 0.75bn Ppi, Restructuring 0.9bn, Volatility 0.5bn)

Absolutely Goldy - the an end of Ppi should help deliver excellent 2019 results

2018 Results
Q1 Underlying £2.0bn Pre tax £1.6bn (+23%) post tax £1.15bn
Q2 Underlying £4.2bn Pre tax £3.1bn (+23%) post tax £2.27bn divi 1.07p
Q3 Underlying £6.3bn Pre tax £4.9bn (+10%) post tax £3.7bn
Q4 Underlying £8.1bn Pre tax £6.0bn (+23%) post tax £4.4bn divi 2.14p + 0.5p + £1.75bn buyback
(Out - 0.75bn Ppi, Restructuring 0.9bn, Volatility 0.5bn)

Projected
2019 Results
Q1 Underlying £2.5bn Pre tax £2bn post tax £1.5bn
Q2 Underlying £5.0bn Pre tax £4bn post tax £3.0bn divi 1.2p?
Q3 Underlying £7.5bn Pre tax £6bn post tax £4.5bn
Q4 Underlying £10bn Pre tax £8bn post tax £6.0bn divi 2.4p + £2.5bn buyback?

A1

Good suggestion UTT

I'm surprised we haven't heard from Pugsy, thought he would be gloating, fair bet he sold up before the big rise.

Lets be clear Lewis -
Virtually every Labour MP has voted to frustrating Brexit
Can see how MP's and Parties voted here -

https://www.theguardian.com/politics/ng-interactive/2019/mar/29/how-did-your-mp-vote-on-the-withdrawal-agreement

Bring on 'MP's judgement day',
Rather than staying away - IMO It's a time to use your vote to send a clear message to those who show contempt for voters and disrespect democracy

A1

I started this fantasy portfolio in 2016 to challenge various posters perception that Lloy is 'the worst share ever' or a 'dog of a 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 @ 569 = 1172
Lloy 1905 @ 62.3 = 1187

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 @ 332 = 1112
Lloy 1553 @ 62.3 = 968

In May 2017 Pugsy suggested I add Ocado -
On 22-5-17 - 1000 quid bought 331 Ocdo shares & 1392 Lloy shares
Today's value
Ocdo 331 @ 1391 = 4604
Lloy 1392 @ 62.3 = 867

In July 2017 Nucky suggested I add RBS -
On 12-7-17 1000 quid bought 384 RBS & 1512 Lloy
Today's value
RBS 384 @ 252 = 968
Lloy 1512 @ 62.3 = 942

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 @ 163 = 781
Lloy 1504 @ 62.3 = 937

In Sept 2018 Motley Fool recommended Diageo over Lloyds
On 9-9-18 1000 quid bought 37.3 DGE & 1704 Lloy
DGE 37.3 @ 3120 = £1164
Lloy 1704 @ 62.3 = £1062

This weeks observation - Banks continue to be held back on Brexit concern, OMG wish I'd bought Ocdo,

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

A1

Absolutely agree Lewis
Remember when MP's told you ' we will carry out your instruction'

MP's judgement day will come,

Easy to check how your MP has been voting here -

https://www.theyworkforyou.com/

Then remember next time they come knocking for your vote

A1

Many thanks to all who took part in today's well sizeable buyback

Number of ordinary shares purchased: 22,231,015

Highest price paid per share (pence): 62.84

Lowest price paid per share (pence): 62.09

Volume weighted average price paid per share (pence): 62.54

Soooo -
Who might be in a position to take over Lloy? - maybe one of the US or Chinese giants who don't already have a presence in the UK?
I fear Lloy is now too big and powerful to be a take over target
Easier to see Lloy as a predator - watch out world !!!

https://en.wikipedia.org/wiki/List_of_largest_banks

Many thanks to all who took part in today's juicy buyback

Number of ordinary shares purchased: 22,105,046

Highest price paid per share (pence): 63.32

Lowest price paid per share (pence): 62.38

Volume weighted average price paid per share (pence): 62.71

BBC politics live - Andrew Neils asks if members of the ERG are slow learners lol