Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
LLOYDS SCREENS AMONG MOST DEFENSIVES AGAINST CORONAVIRUS, JEFFERIES SAYS
(Sharecast News) - Analysts at Jefferies switched to a defensive stance on Banks from 'UK risk on' in the wake of the coronavirus, highlighting Lloyds as the most defensive play in the space.
Not only was Lloyds seen as the "best positioned" in terms of its tangible book value, Jefferies said it also stood to benefit from a reset to zero of lenders' counter cyclical buffers by the Bank of England.
After analysing UK lenders' exposure to the travel and leisure, and oil and gas sectors, the analysts said RBS and HSBC might each see a roughly 10% impact on their TBV and a 170-200 basis point hit to their common equity tier 1 ratio.
In the case of RBS however, they said that its starting 16.4% CET1 ratio meant the fallout from the coronavirus would "surprisingly" not likely impact ordinary distributions.
For HSBC meanwhile, they pointed out that their estimate that the lender's CET1 ratio would fall below management's 14.0-15.0% target threshold might be too pessimistic given its low non-performing loss ratios in those two sectors and "apparently lower" participating in sub-investment grade consumer and retail syndicated lending activity.
Lloyds on the other hand screened defensively in terms of the potential hit to its TBV (5%) but the 80 basis point hit to its CET1 was "unwelcome" - although that could be mitigated by the 160bp impact to CET1 from a reduction from counter-cyclical capital buffers being set at zero.
"We had not factored in a pandemic such as the Coronavirus for which it seems the response on 26 March is more likely than not a 25bps cut (RBS and HSBC most exposed)," Jefferies said.
"We suspect the UK domestic CCyB - set to go to 200bps in December from 100bps today - could be recalibrated to zero (on the BOE's own estimation, this frees up $500bn of lending power across the system). The biggest beneficiary from this would be LLOY."
Dividends paid 27 May 2020
In May 2019 the Group announced that it will move to the payment of quarterly dividends in 2020, with the first quarterly
dividend in respect of Q1 2020 payable in June 2020. The new approach will be to adopt three equal interim ordinary
dividend payments for the first three quarters of the year followed by, subject to performance, a larger final dividend for the
fourth quarter of the year. The first three quarterly payments, payable in June, September and December will be 20 per
cent of the previous year’s total ordinary dividend per share. The fourth quarter payment will be announced with the full
year results, with the amount continuing to deliver a full year dividend payment that reflects the Group’s financial
performance and its objective of a progressive and sustainable ordinary dividend. The final dividend will continue to be
paid in May, following approval at the AGM. The Group believes that this approach will provide a more regular flow of
dividend income to all shareholders whilst accelerating the receipt of payments.
The key dates for the payment of the three interim dividends are:
First interim dividend
Shares quoted ex-dividend 4 June 2020
Record date 5 June 2020
Final date for joining or leaving the dividend reinvestment plan 19 June 2020
Dividends paid 30 June 2020
Second interim dividend
Shares quoted ex-dividend 6 August 2020
Record date 7 August 2020
Final date for joining or leaving the dividend reinvestment plan 21 August 2020
Dividends paid 14 September 2020
Third interim dividend
Shares quoted ex-dividend 5 November 2020
Record date 6 November 2020
Final date for joining or leaving the dividend reinvestment plan 20 November 2020
Dividends paid 11 December 2020
EX DIVIDEND ON THURSDAY 16th APRIL 2020 PAY ON 27 MAY 2020 2.25P PER SHARE TOTAL FOR YEAR WILL BE 3.37P UP 5%
REMINDER YOU CAN BUY THE SHARES UP TO CLOSE OF BUSINESS WEDNESDAY 15th APRIL AND GET THE ABOVE DIVIDEND PAYMENT.
Lloyds Banking Group will lay bare the toll taken on its bottom line from the payment protection insurance scandal when it posts annual results on Thursday.
The high street lending giant is expected to take a full-year hit of around £2.5 billion from the mis-selling saga, having seen claims of £1.8 billion in the third quarter alone amid a rush ahead of the August deadline.
The City is expecting this to send pre-tax profits tumbling 25% to £4.47 billion for 2019.
me bob so we are expecting profits of £4.47 billion , for 2019 due to ppi and Brexit not great but look forward to the next 12 months no ppi payments .
ex dividend days are normally THURSDAY'S , you can buy the shares up to the closing time on the WEDNESDAY as today,
and get the dividend , before the market opens on the ex dividend day/ tomorrow . the share price will be marked down by the
dividend amount so it opens ex dividend , if you buy the shares tomorrow you will not get the dividend payment but you will get the shares at a reduced price due to going ex dividend .
you can if you like sell the shares on the ex dividend day and still get the dividend,
hear we have stockopedia u tube video i found very interesting , also why Lloyds SP could go higher
this is not a sales pitch for SA just interesting to view
https://www.stockopedia.com/articles/why-the-lloyds-share-price-lonlloy-could-go-higher-11191/
Stockopedia helps you to identify return-enhancing factors such as Quality, Value and Momentum by analysing thousands of data points every day. To find out more about you find investment opportunities and analyse your portfolios then take one of our two-week free trials and have a look around.
https://www.youtube.com/watch?v=GICubyTFE6Q
Lloyds has a sound overall strategy which deserves a double-digit P/E ratio. Its cost reductions have produced one of the lowest cost to income ratios I can find in the FTSE 100 banking sector, while its investment in new technology and its online services could strengthen its competitiveness in the long run.
https://www.youtube.com/watch?v=jHPOzQzk9Qo
António Horta Osório, Chief Executive of Lloyds Banking Group said, “In 2020, our commitment to supporting businesses is undiminished and we will lend up to £18bn to businesses across the UK. We know that during uncertain times our customers look to us not just for financial support but also for expert guidance to navigate the challenges they may face. Whatever the future brings, we will continue to support UK businesses as part of our commitment to help Britain prosper.”
City analysts are expecting Lloyds to report a net profit of £5.2bn for 2019 and a similar level of profitability for 2020. Management is forecasting return on tangible equity – a key measure of profitability in the banking sector – for 2019 of 12%, down from the previous estimate of 14% to 15%, due to a late surge in PPI claims.
These metrics make Lloyds one of the most profitable large banks in Europe.
Some of its close peers, including HSBC, Deutsche Bank, and Credit Suisse, all of which have more significant global operations and substantial investment banks, are set to report returns on tangible eq
MOTLEY FOOL report by rupert Hargreaves suggest could soar to 90p
me i think more like 75 p if they beet expectations of a profit of over 5.2 bn well we will soon know 20 feb 2020 is just around the corner
These moves suggest that if we have further positive news on the Brexit front, the stock could rise further. And if a full deal is agreed, avoiding a no-deal altogether, then I reckon the Lloyds share price could soar to 90p.
Oil companies are cheap because of the oversupply of oil in the market.
OPEC have cut supply by 1.6m b/po until March 2020, the market didn’t like this as we were expecting a cut until end June, but no. Oil could go lower from April 2020 back in the 50 /60 range a barrel
Abu Dhabi: Oil prices can expect a boost after the recently announced US-China phase one trade deal, bringing a reprieve to the trade war that has been waged between the world’s two largest economies, analysts said.
Announced by President Donald Trump on Friday, the partial trade deal will suspend tariffs that were set to be implemented against China on December 15, with China also agreeing to roll back their own planned tariffs against the US along with increasing their purchase of US agricultural goods.
Oil markets on Friday’s closing reacted positively to the news with Brent trading on $65.22 and West Texas Intermediate (WTI) on $60.07.
“Crude oil continued to grind higher with support being provided by the trade deal news and the Opec+ group’s decision to cut its production ceiling by an additional 500,000 barrels [per] day through to next March (bpd),” said Ole S Hanson, head of commodity strategy, Saxo Bank.
“The additional and voluntary 400,000 bpd cut announced by the Saudi oil minister at last week’s meeting in Vienna was mostly viewed as the Kingdom’s attempt to drive a $2 trillion valuation of Aramco. Supported by strong demand … that level was reached on the second day of trading,” he added, highlighting how the phase one trade deal was adding good news for oil markers following the decision for more production cuts by Opec
dividends have jumped 44% in that time. It now offers a forecast yield of 7.7%, covered 1.9 times by earnings. Aviva could be ripe for a rebound.
as reported on the 29/11/19
when investors small and large realise this is a great income stock we will see a much improved SP at the moment the company is playing safe and paying off debt / selling off non performing bits of the business and cutting costs
for long term investors like me this is a ideal investment ,
https://finance.yahoo.com/news/uk-4-02-time-put-050627533.html
viva Investors has provided a €99.4m (£85m) senior fixed-rate term-loan facility, refinancing six operational police investigation centres (PICs) across Norfolk and Suffolk, on behalf of the annuity business of Aviva UK Life. The facility was used to refinance existing floating-rate debt and swap arrangements and is Aviva Investors’ fifth deal in the “blue light” sector. Located at Wymondham, Aylsham, Great Yarmouth, Ipswich, Bury St Edmunds and Kings Lynn, the PICs originally reached financial close in 2010 on a standard form project agreement with Norfolk Police Authority and Suffolk Police Authority.
Darryl Murphy, Head of Infrastructure Debt at Aviva Investors, said: “This refinancing enhances value for money of the project to the public sector. We continue to have a strong appetite for similar opportunities for our clients and expect the investment to provide strong, long-term revenues to support the Aviva annuity business.”
Marcus Mollan, Director, Annuity Asset Origination at Aviva, added: “Aviva is very pleased to have been chosen to provide this long-term, lower-cost re-financing for the Norfolk and Suffolk police investigation centres. This investment is an important addition to our annuity fund’s diverse infrastructure portfolio, which provides finance for a wide variety of long-term infrastructure projects across the UK and overseas.”
As fellow Motley Fool write Edward Sheldon has pointed out, Aviva shares are currently cheaper than they were three years ago, even though profits have nearly doubled and dividends are up 44%. Even knowing that Aviva shares were stuck in a long-standing weak spell, it shocked me a little to see it in those terms.
Dividends have been progressing well since Aviva emerged from the financial crisis and got its balance sheet back into a respectably liquid state, and if current forecasts prove accurate, we’ll see a hike to a yield of 7.1% — followed by 7.4% in 2020.
Low valuation
Meanwhile, a couple of years of earnings growth have dropped the stock’s forward P/E as low as 7.5, and that’s only around half the FTSE 100‘s longer-term average.
To me, Aviva shares are priced as if the company is in financial trouble, and have been for years. But I’m just not seeing it, and a large part of the stock’s low valuation has to be the general bearish sentiment towards the financial sector as a whole. We might not get any revaluations until Brexit is finally settled and we see what impact it has on insurers like Aviva, which I expect to be minimal.
https://www.aviva.com/newsroom/news-releases/2019/11/aviva-plc-capital-markets-day-2019/
Dividend yield: 7.17%
NEXT IS THE FINAL APRIL 2020 LAST YEAR IT WAS 20.75p
As a income share NOT BAD .
By then the SP , I predict will be £4.31 AS LAST YEAR OR EVEN HIGHER, THIS I NOT A RECOMMEND TO BUY ONLY MY GUESS
TOMORROW WED 20/11/19 IS AVIVA’S CAPITAL MARKET DAY.
UBS TODAY BUY 490.00
REPORTED TODAY INVESTORS DEMAND LONG TERM PLAN FROM AVIVA MANAGEMENT . ASAP