Member Info for hardup

skier1
"Mini-crisis over."
If only.......to early to make that call IMO. It's going to be a nail biting week ahead!

Lloyds were mugged over by Gordon Brown to takeover HBOS and look what happened with that! Wouldn't touch it with a bargepole.....Lloyds should steer well clear of this one!

"can you imagine in the budget mr hunt stands up and say we now put a windfall tax on banks ,could they be that stupid ?? ??"
In a nutshell......YES!

"going to be a good day"
You must be the only Lloyds share holder who is wishing/hoping/praying for the SP to fall again on Monday.

Dow Jones closed down -1.07% on Friday. US Banks had a mixed session, but most were down again, but 2 did close up. The turmoil among bank stocks overshadowed a February jobs report, which gave some hints that inflation could be slowing. Payrolls increased more than expected, but investors focused on the smaller-than-expected gain in wages, which may cause the Federal Reserve to rethink its aggressive stance on rate hikes.

LYG down -2.08% (Thursday down -1.64%)
Goldman Sachs down -4.22% (Thursday down -2.06%)
Morgan Stanley down -2.16% (Thursday down -3.22%)
Citi Bank Group down -0.53% (Thursday down -4.1%)
JP Morgan up +2.54% (Thursday -5.41%)
Wells Fargo up +0.56% (Thursday -6.18%)
BOA down -0.88% (Thursday -6.2%)

Not easy to call what will happen on Monday morning when markets open. I guess the Markets will be nervous watching the DOW Futures later on Monday morning for direction?

After 12 trading days, buyback complete to date:
Total shares to date...................................................233,170,391
Aggregate cost to date... ......................................... £119,737,681.66
Average price paid to date.........................................51.352p
Percentage of £2 billion buyback completed...........5.99%

And for SUFC
Final Dividend payment saved to date..................... £3,730,726.26

In the case of defaults on high LTV Mortgages, are the lenders not covered for any shortfall on amount lent by Mortgage Indemnity Insurance? When I took out my mortgage in 1988 its was a 100% mortgage and it was a condition of the lender (Bank of Scotland) that a Mortgage Indemnity Insurance had to be taken out which would cover the lender for any shortfall if the house had to be sold at a later date for less than the amount borrowed. This was paid for as a one of premium when the mortgage was taken out which I had to pay for, £500 if I remember correctly.

Global Banks getting the sh ite beaten out of them.......and Lloyds gets another broker "Buy" rating today from Citigroup! lol

Lloyds average mainstream LTV is 40.9%. For buy to let average LTV is 46.8%. Seems good safety margins there.

Was going to wait until after Final Results but seems another good entry point today so back in at 55.29p

Wall Street ended sharply lower yesterday and the Banking sector was well down. Looks like a tin hats on day and head for the shelters today!

"SVB Financial cratered 60% after announcing a $1.75 billion stock sale, pushing its market capitalization to a little over $6 billion and dragging down other regional bank names. Silvergate shares plummeted more than 42% on news that it’s shutting down operations.
The losses pushed the S&P financial sector down 4.1% for its worst day since June 2020. Financial bellwethers Bank of America and Wells Fargo also took a hit, tumbling more than 6% each."
https://www.cnbc.com/2023/03/08/stock-market-today-live-updates.html

Other US Banks:
LYG down -1.64%
Goldman Sachs down -2.06%
Morgan Stanley down -3.22%
Citi Bank Group down -4.1%
JP Morgan down -5.41%
Wells Fargo down -6.18%
BOA down -6.2%

LYG fall was limited to -1.64% so hopefully not so bad for LBG today? Doubt it!

Should be a good day for the Buyback Programme today though! lol

lti
Thanks, I wondered what would happen in the event.

"So that wont cost 2 billion ,what happens to the money left"
If as lti has alluded to the permission can be updated then should not be an issue.

Just reading the terms of the RNS 23rd February "Share Buyback Programme Commences"
"The programme will commence on 23 February 2023 and will end no later than 29 December 2023."
and
"Any purchases of ordinary shares by the Company in relation to this announcement will be made in accordance with certain pre-set parameters set out in the terms of the Broker's engagement, the general authority of the Company to repurchase shares granted by shareholders at the Company's annual general meeting held on 12 May 2022 (which permits the Company to purchase no more than 7,047,917,092 of the Company's ordinary shares)"

So in reading that suggests to me that as just over 4.5 billion shares were bought in last years buyback, the maximum that will be allowed to be bought back during this years buyback will be 2.5 billion shares?

After 11 trading days, buyback complete to date:
Total shares to date...................................................186,700,195
Aggregate cost to date... ......................................... £96,693,111.46
Average price paid to date.........................................51.791p
Percentage of £2 billion buyback completed...........4.83%

And for SUFC
Final Dividend payment saved to date..................... £2,987,203.12

Brixton,
" and the spread when you "Lol" of 11% is part of Aim shares . That's how it goes"
And that was the gist of my post when I said the spread on EOG on Tuesday was 10.6%? I think I have a good understanding of the AIM Market, and as I have said before, in my opinion the AIM Market is a casino. Some can make good gains but that is more luck than anything else. But most lose loads of "wonga" to coin one of your phrases. There is to much corruption goes on in AIM Trading where those in the know get in and out at the right time. Most retail investors lose out. Hence my comment you have to be brave or mad to invest on the AIM Market. But it's not for me.

What draws you to that assumption?

How is that for my benefit?

lti
And why do Lloyds only give a figure for TNAV in Final Results but no figure for or even mention of NAV?

lti
So what page on the Lloyds Final results does it say "Book value per share (mrq) 0.71"
So if it is not in the Final results it must be irrelevant as far as Lloyds are concerned.
And I have already told you the information on ADVFN is not up to date.