Member Info for hardup

Stroller
The Transaction own shares RNS on the last trading day of every month also gives an update on total shares purchased to date and consideration to date. It is a useful checkpoint for calculations.

StrollerB
Check todays RNS transaction in own shares. It states:
"Since the commencement of the share buyback programme to repurchase up to £2 billion of ordinary shares, as announced on 23 February 2023, the Company has purchased 865,777,143 ordinary shares for a consideration of £416,474,908."
So lti, my figure is correct.

After 27 trading days, buyback complete to date:
Total shares to date....................................................865,777,143
Aggregate cost to date... ......................................... . £416,474,908
Average price paid to date.........................................48.104p
Percentage of £2 billion buyback completed...........20.82%

And for SUFC
Final Dividend payment saved to date..................... £13,852,434.29

SUFC
"Thank god we finally got a CEO looking to increase the share price under his watch I say ..."
I would have thought all previous CEO's would have also strived to increase the SP on their watch.

After 26 trading days, buyback complete to date:
Total shares to date....................................................830,076,097
Aggregate cost to date... ......................................... . £399,415,700.59
Average price paid to date.........................................48.118p
Percentage of £2 billion buyback completed...........19.97%

And for SUFC
Final Dividend payment saved to date..................... £13,281,217.55

oj17
Incorrect! Direct Line Group cancelled the final dividend in January!

Brixton
Have you considered Legal and General? Their final dividend is 13.93p, goes ex div on 27th April, dividend paid 5th June. If you invested at todays price 241p with final dividend 13.93p the yield is 5.75%.

Nonsense voodoo black magic!

Brixton
Did you flip your other bank or oiler into Lloyds yesterday?

Britain is poised to join an Indo-Pacific trade pact in a significant post-Brexit coup as the economy pivots away from the European Union.

The UK is expected to become the first non-founding member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), giving businesses easier access to tens of millions of middle-class consumers and a $10 trillion market.

The accession will be announced as soon as Friday, a source said, with trade ministers expected to meet on Thursday night to sign it off.

As well as bolstering the British economy, the deal would also be a further statement of intent about Britain's determination to play a role on the global stage after signing the Aukus defence pact with the US and Australia.

Stephanie Rickard, professor of political science at the London School of Economics, said: “The UK is trailblazing. This is changing the agreement from being a regional agreement to a global agreement.”

Shanker Singham, a former trade adviser to the Government, said that CPTPP and Britain combined would have an equal economic weight to the European Union - while the structure of the partnership means any attempt to rejoin the EU would become impossible because of clashing regulations between the two blocs.

He said: "Accession would be a huge triumph for UK negotiators, and for the Prime Minister and Secretary of State for Business and International Trade in particular. It would mark the point at which Brexit could not be reversed."

Gerard Lyons, a former adviser to Boris Johnson who is now an economist at Netwealth investment services, said: “This is something that would not have been possible if we were in the EU. Leaving the customs union allows the UK to reposition itself in the changing global economy.

“It clearly makes sense for the UK to position itself in what is likely to be the most dynamic part of the global economy – not just in terms of the countries currently in that region, but also the potential in terms of others during this trading bloc in the future.”

The CPTPP, which was formed in 2018, currently covers 11 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Members account for 13pc of per cent of world economic output and 15pc of global trade.

William Bain, head of trade policy at the British Chambers of Commerce, said joining the bloc could bring particular opportunities for digital trade, e-commerce and electronic services.

He said that 90pc of growth in the global middle class will be in the Indo-Pacific over the next seven years, giving Britain a significant headstart on European rivals seeking to tap a new mass affluent customer base.

https://uk.finance.yahoo.com/news/britain-poised-sign-indo-pacific-151242803.html

After 25 trading days, buyback complete to date:
Total shares to date....................................................813,502,381
Aggregate cost to date... ......................................... . £391,481,862.74
Average price paid to date.........................................48.123p
Percentage of £2 billion buyback completed...........19.57%

And for SUFC
Final Dividend payment saved to date..................... £13,016,038.10

Gazz
Are you a true Scot when you don the kilt for ceremonial occasions?

Gazzleberry
You would have thought that Humza Yousaf could have at least dressed as a Scot and worn a kilt when he was getting sworn in as First Minister today. lol

Not so upbeat then Gazz! Bah humbug! lol

Wall Street is looking at a solid setup for Wednesday, as investors continue to emerge from their hiding places looking to see if the coast is truly clear from that pesky banking crisis.

That brings us to our call of the day, which is rallying around bank stocks and suggesting investors do the same, from Ed Yardeni, president and chief investment strategist at Yardeni Research, along with Joe Abbott, chief quantitative strategist.

“The SVB debacle has depressed the S&P 500 Financials SP500.40, -0.06% sector’s market-cap share further below its earnings share. And the S&P 500 Bank Composite hasn’t ever been this cheap relative to the S&P 500 SPX, -0.16% (i.e., since the mid-1980s start of the data),” the pair told clients in a note on Wednesday.

“We liked the financials sector before SVB imploded and like it even more since, as the fallout we expect doesn’t include systemic contagion and does include more M&A activity,” they said.

Yardeni and Abbott say the SVB debacle has left banking stocks cheaper, and they continue to like related stocks because their economic outlook hasn’t changed.

“We don’t expect more bank runs, a credit crunch and a recession. We do expect that banks will have to raise their deposit rates to avert disintermediation. That undoubtedly will squeeze the profit margins of many banks, especially the small community and regional banks,” said the pair. “The result is likely to be lots of M&A activity aimed at cutting costs through consolidation.”

Looking ahead to bank results due in the second and third week of April, Yardeni and Abbott said investors should expect profits to be weighed by higher provisions for loan losses. “Given the recent banking crisis, even if bank managements aren’t that concerned about loan losses, they might still want to show the banking regulators that they’re being prudent,” they said.

https://www.marketwatch.com/story/banks-were-worth-owning-before-the-svb-collapse-and-are-even-better-investments-now-says-these-strategists-ba9664b4?

What is the other stock you are considering flipping into Lloyds for the dividend?

Brixton
at SP 46.74 and dividend 1.6p, the yield is 3.42%. So yield at SP 46.74 and for full year dividend of 2.4p is 5.13%

LLOYDS Banking Group is attempting to sell a loan secured against a Canary Wharf office block owned by Chen Hongtian’s Cheung Kei ahead of imminent maturity.

A unit of Cheung Kei has already defaulted on another nearby office block financed by Lloyds and a broker has been appointed to sell that property, according to people with knowledge of the process. The valuations of both properties have fallen sharply, risking credit losses, the people said, asking not to be identified as the process is private.

The lender is attempting to offload a £175 million (S$285.8 million) senior loan secured against 5 Churchill Place, the former London headquarters of Bear Stearns, which is due to mature next month, the people said. Cheung Kei has also failed to repay a £265.5 million loan from Lloyds secured against 20 Canada Square which came due in October and is now attempting to sell the building.

Cheung Kei has appointed Jones Lang LaSalle to find a buyer and the broker has set an initial guide price of £250 million, they added. Cheung Kei bought the property for £410 million in 2014.

A spokeswoman for Lloyds declined to comment. Cheung Kei did not respond to calls and emails seeking comment.

https://www.businesstimes.com.sg/property/lloyds-races-sell-chinese-tycoons-canary-wharf-office-loan

Why was a TVR RNS released yesterday? Normally done on the last trading day of the month which would be Friday? I wonder if there will be another one released on Friday?

After 24 trading days, buyback complete to date:
Total shares to date....................................................792,941,597
Aggregate cost to date... ......................................... . £381,851,191.52
Average price paid to date.........................................48.156p
Percentage of £2 billion buyback completed...........19.09%

And for SUFC
Final Dividend payment saved to date..................... £12,687,065.55