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KDropper

"It is also a clever way of reaching bonus targets without doing anything productive."

What are the bonus targets?

"Chid, you continue to berate Lloyds. Why are you invested here ?"

Chid, in no more than 2 thousand words please! 🤣🤣

After 3 trading days, buyback complete to date:

Total shares to date.....................................................61,947,471

Aggregate cost to date... ........................................... £28,430,520.10

Average price paid to date..........................................45.8946

Percentage of £2 billion buyback completed............1.42%

And for SUFC

The cancelled shares to date will save £1,139,833.47 from the Final Dividend payment which goes ex-div on 11th April.

"ImaRight - 30p

Market-Dealer - 34.5p"

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

🤡's

Walkersworld....."looking at 2018/2019 the dividend is not higher."

The dividend was rebased when dividends were reintroduced after covid in 2021. The dividend has increased every year since it was rebased.

Walkersworld........"Sufcessex, I haven’t noticed the dividend increasing by much despite buy backs?"

2022 full year dividend was 20% higher than 2021. 2023 full year dividend was 15% higher than 2022.

After 2 trading days, buyback complete to date:

Total shares to date.....................................................41,456,014

Aggregate cost to date... ........................................... £18,963,118.61

Average price paid to date..........................................45.7427

Percentage of £2 billion buyback completed............0.95%

And for SUFC

The cancelled shares to date will save £762,790.66 from the Final Dividend payment which goes ex-div on 11th April.

I find it strange that the FCA have decided to investigate this further on the 11th January this year......in the year that all Banks have made record profits! Just coincidence?

Lti

"Cars were sold LEGITIMATELY under what was allowed at the time.

There is now a chance that a false 'scandal' will be created with new rules being applied retrospectively to override what was previously allowed. THERE IS NO SCANDAL."

I agree with that. It seems the number of claims that have been received since the 2019 final findings from the FCA has panicked them into what they are doing now. I will be disappointed if Lloyds do not challenge any decision by the FCA where they impose a requirement for large scale blanket compensation on the lenders.

Mararab......"Then surley the Salesperson of the car showroom is at fault as he is misleading the customer not the lender . Who is acutally responsable for this the car company or the lender . To me its a person selling the finance therefore the car sales company . Thoughts"

The broker/dealership are responsible for disclosing the nature of any commission in the fees, and if asked by the customer, must say how much. However, the FCA say that the lender must ensure that the broker/dealership are complying with this requirement.

• In particular, brokers must disclose the existence of any commission or other financial arrangement with a lender which could affect the broker’s impartiality in promoting a particular product or impact on the customer’s decision-making. Such disclosure should be clear and readily comprehensible. In addition, the broker must disclose the amount (or likely amount) upon request.

• Lenders also have obligations in this area. In particular, CONC 1.2.2R requires lenders to take reasonable steps to ensure that persons acting on their behalf comply with CONC. This includes compliance with rules relating to disclosure of commission. However, while in principle the way lenders told us they frame their controls appeared broadly reasonable, we have doubts as to whether and to what extent these are always implemented in practice. Our work suggests that some lenders may be unduly reliant on contractual requirements and the provision of standard documentation and procedures, and may not monitor brokers sufficiently closely or act where issues are found. We were particularly concerned that some lenders appear to take the view that it is sufficient that a broker is FCA-authorised, as it can be assumed that they will be compliant with FCA rules (as the FCA will monitor compliance).

https://www.fca.org.uk/publication/multi-firm-reviews/our-work-on-motor-finance-final-findings.pdf

Skier1

"The car-finance scandal is about (allegedly) inflated and hidden loan fees."

If fee's were inflated, what was the standard rate which should have been applied? No one dealership/finance provider charge the same rates, it is up to the consumer to shop around for the best rate.

RNS issued today advising chair Sir Robin Budenberg, on Friday 23rd February purchased 1,000,000 shares at price GBP00.454925

I don't think UBS are reading the headlines! 🤣🤣

UBS raises Lloyds Banking price target to 53 (50) pence - 'buy'

And as I said in a post yesterday, this will only snowball in the media over the next 6 months running hyped up headlines as in the Telegraph article today.........."FCA investigation into ‘inflated’ loan deals opens door to billions in compensation".

Gazzleberry........."C'mon. You can't be in a grumpy mood after today. Just don't mention the rugby. Oops. It slipped out but I don't think they noticed."

The red wine had got the better of me last night so only seeing your post today. No arguments there, Scotland were the better team yesterday and deserved the win. But, I know England will build on this, and will be finalists and winners in the rugby world cup again in years to come. And lets not forget the football world cup in 1966 either! Oops. It slipped out but I don't think they noticed.

"Scrutiny of Labour's Policies:"

Labour playing this like a hand of poker at the moment keeping their cards close to their chest on what their policies will be. But once the date of the GE is confirmed then Labour will have to "lay their cards on the table" for all to see. Then we see what the opinion polls say as the election gets closer.

As expected all of the media that have reported on Lloyds Final Results are focusing their headlines on the £450m provision that Lloyds have made for Car Finance, alluding that this is a plea of guilty by Lloyds. And the estimations of the hit Lloyds could take are growing every day. This is just going to snowball over the next 6 months which will be detrimental to Lloyds share price increasing from current level until we know what the outcome of the rigged FCA Investigation. I think the share price will be range bound between 40p - 45p until then.

There is a positive to be taken from this though, it could ensure that the 2024 buyback will be completed with another low average share price and large number of shares bought back for cancelling. The 2022 buyback average price was 44.162p with 4.528 billion shares purchased. The 2023 buyback average price was 45.597p with 4.386 billion shares purchased. So this years buyback may benefit from the uncertainty and negative media reports that will be appearing frequently in the press keeping the lid on the share price. I think we could end up with at least another 4.5 billion shares being bought back for cancelling this year.

"Bercow was a superstar!"

He was a traitor! He was the Labour mole in the Tory party when speaker who went out of his way to help the remainers on both sides of the house to stop Brexit.

"Don't forget Hoyle was a Labour party MP, rotten to the core all of 'em."

None worse than ex Tory speaker John Berco. 😇

After 1 trading day, buyback complete to date:

Total shares to date.....................................................20,346,614

Aggregate cost to date... ........................................... £9,275,065.03

Average price paid to date..........................................45.5853

Percentage of £2 billion buyback completed............0.46%

And for SUFC

The cancelled shares to date will save £374,377.70 from the Final Dividend payment which goes ex-div on 11th April.