Member Info for hardup

"Lloyds’ 12-month target price is set at 73p against the curing market price of 41.6p."
Where do these clowns get a 12 month target price of 73p in the current economic climate and oncoming recession!

Breaking news........KK expected to announce in the next hour that the planned 45% tax rate cut is to be abandoned.

MV
I am fully aware if Scotland went independent they would lose all representation at Westminster. All I was doing was giving an opinion as to what would become of the SNP in Scotland in that event.

MV
SNP would lose most if not all of their seats at Holyrood in an independent Scotland to Labours benefit. Before Devolution Labour had most Scottish seats at Westminster. SNP hijacked their vote saying it was a waste of time voting Labour and getting a Conservative Government. If Scotland ever do get independence SNP would lose most of their vote to Labour again.

Falky
"Hardup,
Watch and learn if you can Please....ATB"
So you are predicting the SP will go either way tomorrow at 8 a.m., up or down. Well obviously yes, it will do one or the other......what can I learn from that?

Falky
"Well, tomorrow after 8am, the sp could either way....imho"
No sh - it sherlock! PMSL

Another newbie "prophet of doom" to the Lloyds BB! LOL

The UK’s biggest banks are set to make bumper profits from rocketing interest rates even as they pull mortgage products from the shelves and leave savers with meager returns on their deposits.

The financial turmoil sparked by Chancellor Kwasi Kwarteng’s “mini” Budget has seen markets betting interest rates in the UK could peak at 5.8 per cent next spring, creating a bonanza for high street lenders who will rake in returns for holding nearly £900bn of deposits at the central bank.

“There’ll be an embarrassment of riches — bank margins will look very wide in the third quarter,” said one senior banker, describing it as “a cha-ching moment”.

The Bank of England has already pushed interest rates up to 2.25 per cent from a record low of 0.1 per cent during the pandemic last year, as it attempts to fight inflation.

The UK’s four largest banks — Barclays, HSBC, Lloyds and NatWest — have roughly doubled their reserves over the past three years and held nearly £900bn in the central bank at the end of the first half of 2022, yielding almost £20bn at the current base rate.

Each additional 10 basis point rise would add close to £1bn in net interest income a year.

https://jnews.uk/uk-banks-set-for-bumper-profits-despite-mortgage-market-freeze/

The same article is also in the FT but it is a paywall.

mick-b
" But she is the British Prime Minister in the midst of a major crisis of her own government's making."
Utter tosh! We are where we are because of cost of COVID and Putin invasion of Ukraine, which has been an impact globally.

"4.5 billion share reduction is just an arbitrary figure, it's the net reduction p.a. that counts i.e. after any new issues.
Just saying."
The higher the arbitrary figure is, the higher the net count will be after any new issues.
Just saying.

sotonspike
Although it would be tempting if SP remains around this level, I don't think they will announce another buyback at Q3 update in October. We will have to wait for 2022 Full Year results in February next year where we will find out how well the company has done and what the economic climate is expected to be for the next year before they decide on how much cash is available for distribution back to share holders and how this will be achieved.

With £145,439,201.27 remaining of the £2B allocated for the buyback, we need another 314,742,480 shares bought back to make 4.5B shares. If the remaining money buys shares at an average price of 46.21p then we make 4.5B. Any price under 46.21p then we end up with more than 4.5B shares purchased for the buyback.

mach
"Holy Christ almighty this thread aimed at me is still going. Amazing."
I'm sure you're not losing any sleep over it......be like water of a duck's back to you.

Noticed a slight error, correct should be
Total shares to date.................................................4,185,257,520
Total Cost to date... ............................................... £1,854,560,798.73
Average price paid to date.......................................44.312p
Percentage of £2 billion buyback completed.........92.73%

After 149 trading days, buyback complete to date:
Total shares to date.................................................4,185,257,520
Total Cost to date... ............................................... £1,854,560,676.68
Average price paid to date.......................................44.312p
Percentage of £2 billion buyback completed.........92.73%

Falky
"As predicted, the sp went up since my post."
When you predict the SP will go either up or down you cant be wrong! Your talents are wasted Falky.....you should enter Mastermind and your special Subject would be The Bl-ee-ding Obvious! PMSL!

Falky
You'll have to keep the champagne on ice this weekend! lol

https://twitter.com/afneil/status/1575537228348067840?

lol

"I would keep quiet if I were Starmer, just let them self-destruct."
Or, with the latest polling, Conservatives should call a GE and let Labour pick up the hot potato and see how they get on. On second thoughts, we would be fecked then!

mach
We are where we are today because of the cost of COVID and Russia invasion of Ukraine. Nothing to do with Conservatives.