Member Info for Asperger1

Lloyds will release its third quarter earnings report next Thurs, with analysts expecting bottom line pre-tax profits to drop to £1.7 billion, down from £1.95 billion last year.

The bank enjoyed a bumper set of earnings a year earlier, when it took no additional charges to cover payment protection insurance (PPI).

PPI claims have ramped up following a Financial Conduct Authority advertising campaign featuring Arnold Schwarzenegger as part of an effort to encourage people to come forward before an August 2019 deadline for final claims.

However, Ian Gordon, an analyst at Investec, does not expect Lloyds to book further PPI charges in the third quarter.

“Lloyds took an extra £550 million for PPI in H1 2018. We anticipate no top-up in Q3 2018, and we model only a further £500 million through Q4-Q3 2019,” he said.

However, he is forecasting some charges around exceptional items, “most likely in relation to our assumptions around restructuring costs and non-PPI conduct issues”.

https://www.eveningexpress.co.uk/news/business/rbs-lloyds-and-barclays-to-report-in-bumper-week-for-banks/

♞ 💰 💰 💰 📈 ❤️
A1

My usual weekend update,
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 @ 558 = 1149
Lloy 1905 @ 56.1 = 1068

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 @ 308 = 1031
Lloy 1553 @ 56.1 = 871

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 @ 846 = 2800
Lloy 1392 @ 56.1 = 781

In July 2017 Nucky suggested I add RBS -
On 12-7-17 1000 quid bought 384 RBS & 1512 Lloy
Today's value
RBS 384 @ 235 = 902
Lloy 1512 @ 56.1 = 848

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 @ 56.1 = 844

Last month Motley Fool recommended Diageo over Lloyds
On 9-9-18 1000 quid bought 37.3 DGE & 1704 Lloy
DGE 37.3 @ 2701 = £1007
Lloy 1704 @ 56.1 = £956

This weeks observation - BP. held, Ocdo & DGE up, all others down a little - banks still mostly neck & neck, 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

Update on Lloy fundamentals next Thurs :-)

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
(Projected)
Q3 Underlying £6.6bn Pre tax £5.5bn, Post tax £4.1bn
Q4 Underlying £8.9bn Pre tax £6.5bn, Post tax £4.8bn divi 2.14p + 0.5p special? + £2bn buyback?

♞ 💰 💰 💰 📈 ❤️
A1

Let me re-phrase that last sentence

Total return to shareholders = £3.86bn, Post tax profit £4.8bn, and still have YE surplus £1bn

♞ 💰 💰 💰 📈 ❤️
A1

We already know the main divi will be 2.14p and . . .
I firmly believe there is room for an additional special divi at year end :-)

2018 Results
Q1 Underlying £2.0bn Pre tax £1.6bn (+23%) post tax £1.15bn (+29%)
Q2 Underlying £4.2bn Pre tax £3.1bn (+23%) post tax £2.27bn (+38%) divi 1.07p
(Projected)
Q3 Underlying £6.6bn Pre tax £5.5bn (+23%) post tax £4.1bn (+32%)
Q4 Underlying £8.9bn Pre tax £6.5bn (+23%) post tax £4.8bn (+35%) divi 2.14p + 0.5p special? + £2bn buyback?

Main divi 2.14p = £1.5bn
Buybacks = £2bn
Special divi 0.5p = £0.36bn

Total cost = £3.86bn, Post tax profit £4.8bn, and still have YE surplus £1bn

♞ 💰 💰 💰 📈 ❤️
A1

'A deal will be done'

♞ 💰 💰 💰 📈 ❤️
A1

2018 Results
Q1 Underlying £2.0bn Pre tax £1.6bn (+23%) post tax £1.15bn (+29%)
Q2 Underlying £4.2bn Pre tax £3.1bn (+23%) post tax £2.27bn (+38%) divi 1.07p
(Projected)
Q3 Underlying £6.6bn Pre tax £5.5bn (+23%) post tax £4.1bn (+32%)
Q4 Underlying £8.9bn Pre tax £6.5bn (+23%) post tax £4.8bn (+35%) divi 2.14p + 0.5p special? + £2bn buyback?

♞ 💰 💰 💰 📈 ❤️
A1

Wages excluding bonuses have risen at their fastest pace in nearly 10 years, official figures show.

Pay rose by 3.1% in the three months to August, compared with a year ago, while inflation for the same period was 2.5%.

Last week, Bank of England chief economist Andy Haldane said he saw signs of a "new dawn" for wage growth.

https://www.bbc.co.uk/news/business-45875599?fbclid=IwAR1NsYqBeIJ0ku-tFuLB7hO5CjnkLw1e7WZ6-mJndviOWNUdJU4bXOmo0pQ

♞ 💰 💰 💰 📈 ❤️
A1

Number of first-time home buyers reaches fresh high
Tue, 16th Oct 2018 09:36

(Sharecast News) - The number of first-time home buyers has jumped to levels not seen for over a year, according to data from the industry.

Industry body UK Finance said there were 35,500 new first-time buyers in August, up 2% on the same month a year ago and the highest since June 2017. New lending was £6.1bn, 5.2% higher year-on-year.

The average loan-to-value was unchanged on the previous month at 85% and the average loan size was £145,495.

http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=28142005&ArticleHeadline=Number_of_firsttime_home_buyers_reaches_fresh_high

Q3 interim management statement - 25th Oct
♞ 💰 💰 💰 📈 ❤️
A1

Thank you Greenwich - tough times for everyone at the moment - personally, if not for the Lloy market leading divi yield I would be having to dip in to my savings/pension pot or worse, ie get a job!!! lol

♞ 💰 💰 💰 📈 ❤️
A1

My usual weekend update,
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 @ 558 = 1149
Lloy 1905 @ 58.2 = 1109

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 @ 314 = 1052
Lloy 1553 @ 58.2 = 904

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 @ 813 = 2691
Lloy 1392 @ 58.2 = 810

In July 2017 Nucky suggested I add RBS -
On 12-7-17 1000 quid bought 384 RBS & 1512 Lloy
Today's value
RBS 384 @ 244 = 937
Lloy 1512 @ 58.2 = 880

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 @ 165 = 790
Lloy 1504 @ 58.2 = 875

Last month Motley Fool recommended Diageo over Lloyds
On 9-9-18 1000 quid bought 37.3 DGE & 1704 Lloy
DGE 37.3 @ 2541 = £948
Lloy 1704 @ 58.2 = £992

This weeks observation - apart from Ocdo all down a little - banks still mostly neck & neck, 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

Lloy + 3.16%
Barc + 2.31%
RBS + 1.38%

A true one way bet ;-)
♞ 💰 💰 💰 📈 ❤️
A1

Just Lloy?
In what way vulnerable?
Banking crisis only here?
Steer clear only of Lloy?
Outdated Lloy bashing still alive?

2018 Results
Q1 Underlying £2.0bn Pretax £1.6bn (+23%) post tax £1.15bn (+29%)
Q2 Underlying £4.2bn Pretax £3.1bn (+23%) post tax £2.27bn (+38%) divi 1.07p
(Projected)
Q3 Underlying £6.6bn Pretax £5.5bn (+23%) post tax £4.1bn (+32%)
Q4 Underlying £8.9bn Pretax £6.5bn (+23%) post tax £4.8bn (+35%) divi 2.14p + 0.5p special + £2bn buyback

♞ 💰 💰 💰 📈 ❤️
A1

Same with Barc - hope brexit uncertainty is over soon

♞ 💰 💰 💰 📈 ❤️
A1

2018 Results
Q1 Underlying £2.0bn Pre tax £1.6bn (+23%) post tax £1.15bn (+29%)
Q2 Underlying £4.2bn Pre tax £3.1bn (+23%) post tax £2.27bn (+38%) divi 1.07p
(Projected)
Q3 Underlying £6.6bn Pre tax £5.5bn (+23%) post tax £4.1bn (+32%)
Q4 Underlying £8.9bn Pre tax £6.5bn (+23%) post tax £4.8bn (+35%) divi 2.14p + 0.5p special? + £2bn buyback?

A true one way bet ;-)
♞ 💰 💰 💰 📈 ❤️
A1

REAL-TIME FRAUD DETECTION WITH AI SET TO SAVE BANKS MILLIONS

https://www.globalbankingandfinance.com/real-time-fraud-detection-with-ai-set-to-save-banks-millions/

♞ 💰 💰 💰 📈 ❤️
A1

Understand your pain Grahamsturman, and along with many other stocks I'm sure not happy with Lloy ridiculously low SP, what the fantasy portfolio demonstrates is there's currently little in the way of capital growth out there, least with Lloy we receive a market leading yield while we wait for a sensible P/E to return,

♞ 💰 💰 💰 📈 ❤️
A1

My usual weekend update,
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 @ 589 = 1213
Lloy 1905 @ 58.9 = 1122

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 @ 325 = 1089
Lloy 1553 @ 58.9 = 915

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 @ 803 = 2657
Lloy 1392 @ 58.9 = 820

In July 2017 Nucky suggested I add RBS -
On 12-7-17 1000 quid bought 384 RBS & 1512 Lloy
Today's value
RBS 384 @ 250 = 960
Lloy 1512 @ 58.9 = 891

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 @ 173 = 829
Lloy 1504 @ 58.9 = 886

Last month Motley Fool recommended Diageo over Lloyds
On 9-9-18 1000 quid bought 37.3 DGE & 1704 Lloy
DGE 37.3 @ 2680 = £1000
Lloy 1704 @ 58.9 = £1004

This weeks observation - a couple held but most down a little - banks still mostly neck & neck, OMG wish I'd bought Ocdo but its still slipping,

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

Lloyd on track to deliver £6.5bn pre tax profit?
Q3 25th Oct

2017 Results
Q1 Underlying £2.1bn Pre tax £1.3bn (+99%) post tax £0.89bn (+68%)
Q2 Underlying £4.5bn Pre tax £2.5bn (+4%) post tax £1.64bn (+12%) divi 1p
Q3 Underlying £6.6bn Pre tax £4.5bn (+38%) post tax £3.1bn (+50%)
Q4 Underlying £8.5bn Pre tax £5.3bn (+24%) post tax £3.55bn (+41%) divi 2.05p (+20%) + £1bn buyback program,

2018 Results
Q1 Underlying £2.0bn Pre tax £1.6bn (+23%) post tax £1.15bn (+29%)
Q2 Underlying £4.2bn Pre tax £3.1bn (+23%) post tax £2.27bn (+38%) divi 1.07p
(Projected)
Q3 Underlying £6.6bn Pre tax £5.5bn (+23%) post tax £4.1bn (+32%)
Q4 Underlying £8.9bn Pre tax £6.5bn (+23%) post tax £4.8bn (+35%) divi 2.14p + 0.5p special + £2bn buyback?

♞ 💰 💰 💰 📈 ❤️
A1

Noel Edmonds fails to get Lloyds Bank’s black horse ads banned

https://www.theguardian.com/business/2018/oct/03/noel-edmonds-lloyds-bank-ads-hbos-reading

♞ 💰 💰 💰 📈 ❤️
A1