Member Info for hardup

Gunsup

Not sure exactly the ins and outs, but I believe it does include the US shares. 1 LYG share is equivalent to 4 LBG shares. So if you multiply 15.94 billion x 4 this gives you 63.76 billion.

"American Depository Receipts offer US investors a means to gain investment exposure to non US stocks without the complexities of dealing in foreign stock markets. An American Depositary Receipt (ADR) is a negotiable certificate issued by a US bank representing a specified number of shares in non US stock in respect of a non US company that is traded on a US exchange.

Lloyds Banking Group shares are traded in the USA through a New York Stock Exchange listed sponsored American Depositary Receipts (ADR) facility with The Bank of New York Mellon as the depositary.

The ADRs are traded on the New York Stock Exchange under the symbol LYG. The CUSIP number is 539439109 and the ratio of ADRs to ordinary shares is 1:4."

Go to the link below and click on the American Depositary Receipts tab.

https://www.lloydsbankinggroup.com/investors/shareholder-information/shareholder-services.html

Keltickilla

"I'm wondering what cut off our money is M.S. getting from us. Surely they are not going to make a profit from us seeing as it's our own money buying or own shares. "

There are no fee's paid to Morgan Stanley for conducting the buyback on behalf of Lloyds. I sent Lloyds an email in April 2022 asking this. The reply I got, which I posted on this board on 3rd April 2022, was......

"There are no fees paid to Morgan Stanley for administering the buyback programme. A broker will be able to attain a benefit for themselves by trading below the weighted average share price and making a small margin. This is for Morgan Stanley to manage on their own behalf and, regardless of their success in this endeavour, there are no fees paid to them."

"To me it looks like the big players are reducing their risk to Lloyds and off loading along side the buyback programme."

There was always going to be profit taking today after yesterdays surge in share price.

Hopefully we get an RNS this morning announcing the start of the 2024 buyback programme. We will probably see some profit taking today after yesterdays rise which will benefit the buyback if it does start today.

Fleccy,

"Why the drop after the open today, followed by a massive recovery?"

Natwest dropped -2.5% when markets opened when they released their results 16th February but were up +7% at close of market that day.

Should start tomorrow, if not then Monday.

SUFC, well done mate, if anyone deserves a bit of luck you do.

SUFC......I think I remember seeing you averaged down on this in December. You must be laughing now? Have you taken the profit?

"“I ask myself that question regularly. What a f’n idiot”"

I have to admit, you were spot on with that Nucky. 👍

Chid,

You could talk a glass eye to sleep.

"Never to be back. GLA"

How many times have you said that since January? Are you sure this time? 🤣🤣

FULL YEAR 2023 FREQUENTLY ASKED INVESTOR QUESTIONS

Why have you taken a provision in light of the FCA motor finance review?

• As disclosed in previous periods, we continue to receive a number of court claims and complaints in respect of motor finance commissions.

• On 10 January 2024, the FOS issued its Final Decision on a complaint relating to the Group, as well as decisions relating to other industry participants. On 11 January 2024, the FCA announced a section 166 review of historical motor finance commission arrangements and sales and plans to communicate a decision on next steps in the third quarter of 2024.

• The FCA has indicated that such steps could include establishing an industry-wide consumer redress scheme and/or applying to the Financial Markets Test Case Scheme, to help resolve any contested legal issues of general importance.

• In response to both the FOS decisions and the FCA announcement the Group has recognised a charge of £450 million.

• This includes estimates for operational and legal costs, including litigation costs, together with estimates for potential awards, based on various scenarios using a range of assumptions, including for example, commission models, commission rates, applicable time periods (between 2007 and 2021), response rates and uphold rates.

• While the FCA review is progressing there is significant uncertainty as to the extent of misconduct and customer loss, if any, the nature and extent of any remediation action, if required, and its timing. The ultimate financial impact could therefore materially differ from the amount provided, both higher or lower.

www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2023/q4/2023-lbg-fy-shareholder-faqs.pdf

1.84p final dividend

Deltamachine,

"Buy backs should be voted on at agms."

They are and are overwhelmingly approved with large majorities.

"Expecting a flat SP response to results-in line with the diabolical share price performance over the last 15 Years ."

I think I will be happy if we get away with a flat response to share price today. The media is going to headline Lloyds making £450M provision for Car Finance.

Moneyman....,..Institutional Investors own circa 84% of Lloyds shares and their preference is a share buy back. So it will always get voted through at the AGM every year. Private investors just have to accept that.

Including the interim dividend of 0.92p, then the total distribution paid to share holders for 2023 will be £3.752B.

I think it will be what most are expecting, 1.84p divi and £2B buyback........total distribution to share holders £3.168B. I can't see them setting aside any money for Car Finance, probably wait and see what the FCA actually say in September.

Have to wait for results tomorrow to see how much the Telegraph sale will add to the balance sheet.

Considering the FTSE is down -0.9% the share price seems to be holding up well so far today. Anticipation of a good set of results tomorrow?