Member Info for Dorfan

I remember some years ago the Italian banking system was in a crisis which troubled the EU masters. There was a plan to resolve this crisis and I basically lost track of what happened.

I think it was last year that I seemed to pick up the story again and it seemed that the Italian banks had resolved the crisis but it was a bit sketchy.

So, did the Italian banks recover OK or are they still in some sort of crisis waiting to be identified? If they are still iffy and they also start to collapse what will the impact be within the EU and to what extent will it involve us with any subsequent downward trends?

88
“ The OBR budget inflation prediction for year end 2023..2.9%..how are they going to achieve that...difficult imo..”

The Government will be desperate to get it back down to this level so as not to give pensioners the triple lock rise which will cause ructions with the workers again.

Chid
“ Same with the dividends saved. Yes that sum 'is' saved, but the question should be 'Do you think Lloyds CEO will bother to worry about the 'trifling sum' bought back when deciding on the div sum paid?”

If I have done my maths right then the answer is yes. The total amount from not paying divs on two years of buybacks (8B shares) will actually pay for the progressive div if the next declared amount for next year is 2.7P It amounts to a self funding progressive dividend increase every two years of buybacks.

Chid
“At least we will get an alarm on our phones when to take the doors off and fill sandbags to place over the kitchen table as your family are microwaved before your very eyes.”

Just placed an online order for a new Anderson shelter for the garden.

Stagecoach,

Yes, you are right, I forgot about the railways, a cheap way of getting control back. Not sure it is a good idea, would Labour put enough investment back into it for upgrades and new stock?

If shares collapse for the rest I would say we are all in deep trouble and the country would be bankrupt beyond belief.

As I seem to remember Labour wanted to nationalise railways, energy, water, telecoms etc etc. Not quite sure where the funds will be coming from to pay the market value of all these companies.

Cheers Gazzleberry.

Which explains why I couldn’t find anything about potential target on buybacks. I suspect they will probably have an inkling but we aren’t privy to it.

Does LBG have a target level to reduce shares in issue to? I don’t seem to find or remember if it has ever been mentioned.

why is my percentage ownership of lloyds not increasing?

What was the MC up until late last week compared to now? If the MC say dropped down to 25B due to reduced sp and you still had the same vol shares your level of ownership in monetary terms has reduced.

LTI
well you would have to give a reason as to why ''My percentage ownership of Lloyds banking Group is increasing'' is not the case first don't you think -
otherwise what am i not agreeing with?

I did when I posted

LTI

You have no idea show often I read the board and here you go again, doing your playground bully bit.

It seems other people agree with me so there must be some truth in your behaviour. Perhaps you need to change your profile to PGB, sounds more appropriate for you.

LTI

What I find interesting about you is how you behave like the playground bully. If someone says something you disagree with you you just respond in most cases by using ‘ffs’ and try to belittle what they say. It really is about rime you grew up and stopped being the playground bully and had some respect for others, even if you may not agree fully with them.

LTI
“ My percentage ownersip of Lloyds banking Group is increasing - it feels good”

So how does that work out with all the buy backs and the MC was 34B last week and now it is 31B?

I fully understand where you are coming from with regards to less shares equals higher SP but that only works in a perfect text book world if the MC stays constant. If the market decides that it wishes to lower the SP then MC will be less with respect to share vol, but then the MC is not a true reflection of a companies value, the MV is the true value and this is only determined by the bean counters scrutinising the ‘books’.

I was led to understand that SVB UK was standalone from SVB US but the way it seems now is that funding in the UK may still have originated from the US, is this correct? And any deposits made in the UK did they stay in the UK or did they get transferred to SVB US? If it is going into insolvency then it can’t be standalone in the UK as it would have funds here.

The way it seems now is that we are effectively bailing out the SVB US for the UK arm, so will any bank here get out of it which is a bonus and makes it attractive to keep going?

“Lenders including Barclays PLC and Lloyds Banking Group are among the parties to have been approached by the board of SVB UK over the weekend to see if an emergency takeover deal can be reached”

Oh well, there goes the rest of the buy back funds and our next divi ha ha.
Just hope if anything happens the small print doesn’t include a clause that the UK branch has to help out the US main bank and the US government steps back and says all yours now.

“Final Dividend payment saved to date.....................£2,145,631.25"

If my working out is correct the dividends saved by this and last years buybacks will pay for half of next years progressive dividend increase. In reality LBG is actually not having to dip into the profits to much to keep us fed.

Prior to covid and the cessation of the dividend the last couple of years the divi was over 3p and LBG was paying for the PPI issue. I couldn’t see why we couldn’t continue from that point as PPI had finished, instead of going back to the 2015 level. Just saying……

dor
''…..and the SP would still be the same.''

oh dear

…but isn’t that something you would like? The value of the company has increased in value, I call that progressive growth.

“Without the buybacks there would now be 75.4 Billion“

…..and the SP would still be the same.

LTI
“So you really think that the market could possibly instead of valuing Lloyds at £35 Billion today, the market would value Lloyds today at over £39 Billion with an extra 8 Billion shares in circulation.”

The number of shares in circulation is irrelevant when the share price fluctuates daily/monthly. It is domestic and world forces that determine the share price and not the volume of shares in circulation.

We only have to look at the time when shares were in the high 20’s, the number of shares in circulation didn’t double to reflect that price.

LTI
“The more bought and cancelled the fewer the shares to receive the returns from profits.”

It will be interesting to see the size of the divi pot for ‘23’ compared to ‘22’.
If for ‘23’ the profits are the same or greater than ‘22’ then the expectation should be that the reduced shares in circulation will be boosted by the divi of ‘22’ plus progressive growth plus the differential saved by those cancelled shares. I suspect this might be of a value seen by the BOD’s as too much and they will reduce the size of the pot accordingly to provide a divi in line with ‘22’ and so called progressive growth, thereby denying shareholders of a real growth divi, just saying…..