Well dividend still intact but it appears the Trading Update has not given any real impetus for any significant SP gain going forward. Guess the Market wants to wait until Final Results on 28th March for a better insight.
jcb208 "Buyback started the day after results last year so I expect the same this time round" As 67Sam points out the Results state "will commence as soon as practicable". I have emailed Lloyds Investor Relations this morning and they would not commit to giving a start date, they just said it would be at the discretion of the broker who will be conducting the buyback on their behalf, but it is expected to be in the next few days. I also asked if Morgan Stanley would be the broker again but they would not confirm. There should be an RNS issued prior to or on the day of the start detailing when it starts.
"last years started on the 25th Feb - so possibly this week or start of next week" It says in the results it will start as soon as practicable. I have emailed Lloyds Investor Relations and they would not commit to giving a start date, they just said in the next few days. There should be an RNS issued prior to or on the day of the start detailing when it starts.
A1 "No hike in the standard divi (I refuse to call it progressive now)" You are wrong there. Final dividend 2021 was 1.33p. Final dividend 2022 is 1.6p. Thats an increase of 20%
"Shares in issue Dec 2008: 5,972,855,669 Shares in issue today: 67,406,788,337" You are comparing two different companies. December 2008 was Lloyds TSB. Today is Lloyds Banking Group.
DT "Lloyds Bank profit poised to be retained to set aside millions to cope with cost of living defaults... Therefore the SP will no doubt be down tomorrow..." As Lloyds SP has already fell -5% on both Barclays results and Natwest's results amongst other things because of provision set aside for possible impairments, don't you think this has already been priced into the Lloyds SP?
Walkersworld Pity you could not see I did not make that statement, someone else did. I only mentioned it as bait for someone else to bite with a predictable reaction.
jcb208 "They did say progressive Dividend so I am going for 1.8p" If as expected the final dividend is 1.6p, then that has risen progressively from last years final dividend which was 1.33p.
HSBC have announced record profits in their Q4 Results. Should be a good SP rise for them today. Reported profit before tax up $2.5bn to $5.2bn Adjusted profit before tax up 92% to $6.8bn Reported profit after tax up $2.9bn to $4.9bn Full Year Dividend $0.32 (2021...$0.25)