Member Info for hardup

Chips

2.76p is a dividend yield of 6% on current SP. I think it highly unlikely that anyone would pay 80p a share at the end of this year for a dividend yield of 3.45%? Would you?

Jerome Powell said at press conference the FED is still keeping "all options open".

"During a news conference, Chairman Jerome Powell said inflation has moderated somewhat since the middle of last year, but hitting the Fed’s 2% target “has a long way to go.” Still, he seemed to leave room to potentially hold rates steady at the Fed’s next meeting in September."

“I would say it’s certainly possible that we will raise funds again at the September meeting if the data warranted,” said Powell. “And I would also say it’s possible that we would choose to hold steady and we’re going to be making careful assessments, as I said, meeting by meeting.”

https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html

88

All US Banks closed up with the exception of LYG so hopefully UK Banks will follow on the news with a rise tomorrow.

As expected the FED have raised rates by 25 bpts.

Interesting to note the algo stopped buying at 14:33 this afternoon with maximum price paid 45.445p at that time. Was the limiting factor the rule about not purchasing back on any day more than 25% of the daily average of the last month, or SP going over the rolling weighted daily average of the preceding weeks?

After 105 trading days, buyback complete to date:

Total shares to date.....................................................3,562,525,461

Aggregate cost to date... ........................................... £1,650,084,017.78

Average price paid to date..........................................46.318p

Percentage of £2 billion buyback completed............82.5%

"To be fair the BOE forecasts rarely prove to be correct."

MP

"Did you not hear the last statistics from the BOE about inflation? "

To be fair the BOE not forecasts rarely prove to be correct.

Costco100.......aka Chid

Although disappointed with market reaction to the results I am content with the figures. I estimated 0.9p interim dividend so am pleasantly surprised with the 0.92p declared. I guess the ones who are not too pleased are the ones who thought they would also give a special dividend or give some more money for extending the buyback programme. Lloyds are explicit in saying that excess cash distributions will be made at full year results. Todays SP fall should kick start the algo back into life and start buyback of shares again today?

..............for when the MacDonald's busboy carltit finishes shift today! 🤣🤣🤣🤣🤣🤣🤣

I'm more interested where the SP closes today. All to often seen an early rise on results day only to quickly fade away and close the day well down. I'll be happy if todays closing SP is up on yesterday's SP close.

Https://investingreviews.co.uk/share-tips/lloyds-shares/

Having said that, Lloyds shares still warrant heavy consideration. Aside from its strong dividend yield of 5.2%, the stock is trading way below its tangible book value, and its low forward multiples indicate a potential once-in-a-lifetime bargain. Pair that with a sizeable upside despite extremely conservative estimates, and the stock is a screaming Buy. Provided inflation continues to improve, there’s no reason why the Lloyds share price can’t hit 50p.

https://investingreviews.co.uk/news/lloyds-share-price-gallop-to-50p/

Can someone translate Brixton's last post from pigeon English to Kings English?

Surging profits will be used for basis of bids that could fetch between £400mn-£700mn.

The Telegraph Media Group has posted profits for the full year ahead of expectations in a boost for new owners Lloyds Banking Group as they prepare to sell the business later this year.

The group will reveal on Tuesday that pre-tax profits surged by a third to £39mn in 2022, driven by growth in digital subscriptions and cost management in parts of its operations.

The results will be used by potential bidders as the basis for their bids, with analysts estimating that the newspaper group could fetch between £400mn-£700mn.

https://www.ft.com/content/db269d9e-1482-43b5-b17c-0caef70d45fd

Jiong......don't hold your breath.

Lloyds is making plenty of profit! After payment of progressive dividend excess cash being used to fund buybacks to reduce share count.

Brixton

But why single out Lloyds as if the other Banks are flying. All UK Banks are in the same situation with depressed SP, just poor sentiment for UK Banks in general at the moment.

"Lloyds is a Bank, with a 5hit SP, and a 5hit divi. That's all there is to say about Lloyds."

Sell up and move on then.