Member Info for Asperger1

Many thanks to all who today helped reduce the number of shares in issue by 1.4m

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Ok - Wednesdays 62.5 gap closed - maybe we can now advance a little towards ex divi day?

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Let me just re-phase that first example

* Ppi is all but finished now, another £1bn this year is relatively small fry compared to what has gone before and to Lloys huge profits to come, but the mere mention of Ppi for Lloy is far larger,

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

MrBubbles, what frustrates me is that Lloys always seems to be dogged by 'perception' problems, people seems so willing to jump on any slightly negative item and give it undue weight,

A few example
* Ppi is now all but finished now, another £1bn this year is relatively small fry compared to what has gone before and to what is to come, but the mere mention of Ppi for Lloy is far larger,
* RBS profit down yet SP up on a divi payout it may struggle to maintain?
* Barc allotted the same for Ppi yesterday but that's not all over the press and we don't see people calling Barc 'a dog of a share'
* Yesterdays interest rate rise is likely to boost Lloy bottom line by 300m but no one is jumping up and down about that

And with regards to return to shareholders, once again misperceptions - through divi's and buybacks virtually all of Lloys post tax profit was indeed returned to shareholders

Thank you Chris, to clean up your typo's
RBS share price 258 by 2p = 0.77%
lloyds share price 63 by 1.07 = 1.69%

Anyways - people must make their own decisions - for those who perceive the grass greener elsewhere the 'sell' button is right there

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Seems UBS might find a few more willing to sell today, hoover um up UBS ;-)

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

A simple question MrBubbles - Which is the larger?

1.07p from a 63p share or
2p from a 260p share

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Many thanks to all who today helped reduce the number of shares in issue by 2.4m

No buyback top up - so no rush

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Why do you think its optimism Chancer - do you think Lloy won't benefit from the rate rise?

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

AHO - a rise 1 per cent would increase our earnings by £1.5billion.

So,,,, today's 0.25% rate rise should result in circa £375m extra earnings
(or around 0.5p in divi terms;-)

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Barc - £2bn conduct provisions inc 400m Ppi
Barc - struggling with RoTE targets of greater than 9% in 2019 and greater than 10% in 2020 - Lloy on course for 15%

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Much as I would like to see the SP rise - there is the issue of a gap up yesterday - guess we will revisit 62.5 sometime soon

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Q2 Q&A
Ppi claim numbers up due to campaign but eligibility % down, eg 20,000 in v 12,000 valid

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Q2 Q&A
2x more Ppi campaigns before time bar :-(
Current provisions may be sufficient but no guarantee's

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Q2 Q&A
Expect ~£2bn surplus post normal divi at YE - decision re buybacks, special or combo to be make at year end

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Hmmm - more Ppi, tiny increase to 1.07p interim divi, no top up to the buyback pot
Not impressed!!! - I've had to adjust down my expectations for the rest of the year :-(

2018
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 £6.0bn Pretax £5bn
Q4 Underlying £8.0bn Pretax £6bn divi 2.14p + £1bn buyback
(Out - 1bn Ppi, other Restructuring 0.5bn, Volatility 0.5bn)

#Buyback those dips UBS (while you still can)
♞ 💰 💰 💰 📈 ❤️

Here we go - Q2 Wed 1st, Results 07:00, Webcast 09:30

https://www.lloydsbankinggroup.com/investors/

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Here we go - Q2 Wed 1st, Results 07:00, Webcast 09:30

https://www.lloydsbankinggroup.com/investors/

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Many thanks to all who today helped reduce the number of shares in issue by a tiny 1.9m

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

Is that the same Xmas Corbyn is going to be PM by lol

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️

A drop of 443m shares in issue this month - top up that buyback pot - let see if we can get below 70bn by the end of the year

#Buyback those dips UBS
♞ 💰 💰 💰 📈 ❤️