Member Info for hardup

LTI

ffs

SUFC
What happens to SP on ex-dividend date? It falls by the amount of dividend because that capital has been taken of the Market Capitalisation.

SUFC
But when the shares are cancelled the Market Capitalisation of the company falls by the total amount that has been spent purchasing the shares.

After 40 trading days, buyback complete to date:
Total shares to date..................................................1,462,569,689
Total Cost to date... ................................................ £676,553,486.67
Average price paid to date.......................................46.258p
Percentage of £2 billion buyback completed........33.83%

The other "geezer" is an enigma.

Why not

It will be interesting to see how many shares MS buy back today?

Lloyds Banking Group plc (NYSE:LYG – Get Rating) – Jefferies Financial Group lowered their FY2022 earnings estimates for Lloyds Banking Group in a note issued to investors on Thursday, April 21st. Jefferies Financial Group analyst J. Dickerson now forecasts that the financial services provider will post earnings per share of $0.37 for the year, down from their prior estimate of $0.39. Jefferies Financial Group also issued estimates for Lloyds Banking Group’s FY2023 earnings at $0.37 EPS and FY2024 earnings at $0.43 EPS.

https://www.defenseworld.net/2022/04/25/lloyds-banking-group-plc-nyselyg-to-post-fy2022-earnings-of-0-37-per-share-jefferies-financial-group-forecasts.html

Falky
"Be Careful boys & girls.....catching a falling is not wise...IMHO-DYOR"
A bit dramatic IMO! Don't think Lloyds recent SP movements can be classed as "a falling knife"!

Theo
"Maybe the case but I wonder how much is already priced in?"
As Lloyds published the Q1 2022 Analysts consensus report on 7th April you would think that the consensus fall in profits down 25% to £1.43 billion would already be priced in, but the Market seems to work in strange ways with Lloyds on Financial report days.

88
Maybe Wednesday would be a better day to add to top up with Lloyds? Just have a gut feeling market reaction to Lloyds Q1 results will be negative so expecting a fall on Wednesday?

tfe
"5 more years of that crawling little s h i t."
I totally agree with your sentiment; Macron thinks he is the modern day Napoleon and his mission in life after the UK voted to leave the EU was to stitch the UK up with a bad Brexit deal. But I think in this particular case the old adage applies "better the devil you know than the devil you don't".

European Markets get a bounce tomorrow after Macron election victory?

American Express CEO still not seeing a recession after earnings beat.

Yahoo Finance
American Express CEO still not seeing a recession after earnings beat
Brian Sozzi
Brian Sozzi·Anchor, Editor-at-Large
Fri, April 22, 2022, 1:40 PM
In this article:

AAPL
-2.78%

C
-2.66%

AXP
-2.80%

BAC
-3.47%

BAC-PQ
-0.47%

BAC-PS
+0.10%

GS
-4.35%

KASHF
-3.36%

V
-3.83%

MS
-4.69%

MS-PO
-0.37%

It's still smooth sailing for American Express for the time being.

"We'll see how the Fed does in sort of controlling that [inflation] with interest rate hikes as we go, but right now, I'm not seeing it [a recession]," American Express chairman and CEO Stephen Squeri told Yahoo Finance. "What I'm seeing right now is a sequential increase in spending quarter over quarter and month over month, and we're seeing just this pent up demand to travel and people are spending and booking and so forth."

The comments come in the wake of a much better than expected quarter from the card giant.

https://finance.yahoo.com/news/american-express-ceo-still-not-seeing-signs-of-a-recession-124058316.html

I see the Lloyds advert on TV has progressed from 1 galloping back horse to what looks to be at least 20 galloping black horses. lol So should we be expecting SP to go up x 20, or dividend to go up x 20!

fleccy
Agree,
It is misleading to say profits down 25% when the corresponding Q1 results were bolstered by release of money set aside for bad loan provisions. But the market makers will spin this to suit there agenda and get a fall in share price so they can then buy up the shares at a discounted price.

Joseph "shebur" Goebelles go feck yourself! Adolf Putin is a war criminal and justice will catch up with him!

NEW YORK — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank's efforts to fight inflation.

A day earlier, Wall Street seemed set for healthy gains for the week after American Airlines, Tesla and other big companies reported strong profits or better forecasts for future earnings than analysts expected. Such corporate optimism has helped stocks remain relatively resilient, even as worries swirl about the highest inflation in decades, the war in Ukraine and the coronavirus.

But markets buckled as the chair of the Federal Reserve indicated the central bank may indeed hike short-term interest rates by double the usual amount at upcoming meetings, starting in two weeks.

https://www.npr.org/2022/04/22/1094407958/dow-stock-market-interest-rates-inflation?t=1650700246819

SUFC
Agree the bank is making billions, but, the market doe's not seem to appreciate it, even with the buyback ongoing. And we still have to get past next weeks Q1 report which the market makers will no doubt interpret as negative to knock the price down again! At least we get our dividend payment in a little less than 4 weeks! whoop whoop!

seany123
I think the quoted consensus for Q1 2022 profit of £1.43bn is profit before tax. The corresponding figure for Q1 2021 was £1.898bn, which is a drop of 25%. Go to the link and you will see.
https://www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2022/q1/2022-lbg-q1-consensus.pdf

I am just curious why the consensus for Natwest for Q1 2022 is only down 5% when the other banks are far more?