Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A tiny reduction from 0.61% float short to 0.59% - but keeping an eye on this useful link for any further reductions to lift sentiment...
https://shorttracker.co.uk/company/GB0008706128/
Something else I found from 2006 mentioning the dividend yield being a huge factor in takeover targeting.
With the last 3 years total divs each totalling 3p+ we are now up to about 12% yield vs 25p on an eventual return to normal.
Whilst banks can’t issue dividends or buyback shares in themselves - there is nothing stopping them buying shares in other banks and effectively delivering that forward yield to their own shareholders...
Donald Tosh at stockbrokers Speirs & Jeffrey, said: "I think that Lloyd's independence is impossible to sustain at the current share price because of the yield. The group is paying for its own takeover."
2006: https://www.google.co.uk/amp/s/amp.theguardian.com/business/2006/feb/02/lloydstsbgroup
An oldie but a goodie.
Wells Fargo takeover rumour from 2005 - citing a good fit.
YES 15 YEARS AGO NO NEED TO POINT IT OUT! :)
I was just wondering how much cheaper Lloyd’s must look today to potential predators like Wells Fargo and what price could it be stealed at? For example: if just 30p was offered you would reasonably expect claims of “Too Low!” - but that would represent a 20% premium which is typical.
Wishful thinking on a Sunday morning of course - but anyone else wonder how such an event could play out?
http://news.bbc.co.uk/1/hi/business/4184578.stm
Remaining 2020 dividends for ISF
Announced: 10/09
Excludes Div: 17/09
Paid: 30/09
Announced: 03/12
Excludes Div: 10/12
Paid: 23/12
PRA (not FCA):
"This statement confirms the PRA will undertake its assessment of firms’ distribution plans beyond the end of 2020, in Quarter 4 2020."
https://www.bankofengland.co.uk/prudential-regulation/publication/2020/statement-on-dividend-payments-and-share-buybacks-beyond-2020
"The UK’s financial watchdog has told banks to offer a range of “tailored” repayment options to mortgage borrowers hit by coronavirus when the ability to claim three-month payment holidays is withdrawn at the end of October."
https://www.ft.com/content/76ada5b7-69e8-4016-b7db-2dda54000c70
To clarify - (and this is with HL) - i couldn't get a fill at all for the whole holding - and if you start to split it up you notice the offer price gets slightly better the smaller the sale is. So i opted to sell about £100k 4 times, then one final lot of about £200k (which surprise surprise had the worst fill price).
I consider myself very lucky today as I managed to do this just after market open on the spike today, sold 2,115,647 shares in LLOY just after 8am.
(I really did this honest, the lot sizes were 344,374 344,648 344,962 338,516 and 743,147 - all visible in the LSE public record!)
If it shoots up tomorrow yes I'll be pi55ed :)
Will probably keep trading in and out for a while.
Sure. This is an institutional holder so things like averaging down don’t really come into it I think. They will probably have this large 6% holding in Lloyd’s for donkeys years .
I actually didn’t quote his final comment but for the lazy it was:
“I have to believe we are at or close to the bottom [of the valuation],” he adds. “It’s not easy keeping faith, but this virus will pass like all before it.”
Just thought it was interesting that the 2nd largest LLOY shareholder would make such a comment.
I hope he’s right! He is probably better informed than I am...
Spotted a recent article in the FT, generally about the pandemic - but it had an unexpected comment from Harris Associates. If you own LLOY and don't know who they are - you should check out a list of top shareholders. Harris Associates are the 2nd largest holder of LLOY with just under 6% of Lloyds held - a huge position, just behind Blackrock.
Here is the comment:
Things are getting a bit crazy. Economies are in recovery mode, capital and cash positions are very strong and yet bank valuations are worse than in 2009, it beggars belief,” says David Herro, vice-chairman of the $90bn asset manager Harris Associates, which owns top-five stakes in Lloyds, Credit Suisse and BNP Paribas.
https://www.ft.com/content/b0b241d9-7c94-4b91-b727-d39245005d07
29/07
(With GDP coming up ) Not a good day to release bad results. Weakness all round methinks...
27/07
(Re results day reaction) So a 10% drop would put us around 26p to 27p.
Have started buying in - spreading out purchases, last chunk at 25.931
US market wobble is a big unknown here, but I'm generally pleased with the position I am building...
NWG results tomorrow - more fuel on the fire? Or priced in to other banks? BARC under a quid was a shock today...
Missed link for the curious...
https://www.marketwatch.com/story/us-gdp-likely-sank-a-record-35-in-the-2nd-quarter-after-coronavirus-ravaged-the-economy-2020-07-29
Also just noticed the Calendar for tomorrow.
Looking like a tough day.
at 1.30pm we have not just the US Jobless Claims numbers, predicated 16.2m but also the GDP Growth Rate predicted to be ... wait for it... -34%.
I think these 2 things will cast a shadow over the UK session until the numbers are released, then weakness in US markets.
Not a good day to release bad results. Weakness all round methinks...
Barclays, April 29 2020:
"Pre-tax profit for the first quarter fell 38 per cent year-on-year to £913m, while bad loan provisions increased from £400m a year ago to £2.1bn. Analysts had forecast £923m in credit impairment charges."
Lloyds, April 30 2020:
"Pre-tax profit fell 95 per cent year-on-year, to £74m, due to £1.4bn of charges to cover expected credit losses. The provisions were more severe than many analysts had expected, and shares in the bank dropped as much as 5 per cent in early trading on Thursday."
Barclays next results out 7am tomorrow (July 29)
https://home.barclays/investor-relations/investor-news/regulatory-news/
Lloyds next results out 7am the day after (July 30)
https://www.lloydsbankinggroup.com/investors/regulatory-news/
*** Looking for the key bad loan provision numbers from both vs current £2.1bn (BARC) and £1.4bn (LLOY) ***
See what i mean? That's not a proper news site! Auto generated cr4p.
"Ocados internet shopping guarantee has way too high an amount tag"
"Games workshop: the performs finished - The near future for retailer games workshop appears because great"
I'm dubious about the nature of investorsfreshnews - have you actually tried reading this and other articles?
They appear to be in broken english - as if auto generated by a bot. This is typical of click baiting 'news websites'.
Just try reading a few paragraphs then go to the homepage and read some of the other articles headlines and you might get what i mean!