Member Info for livestock

Q2. When will the Group reinstate dividends and share buybacks?

At this stage, it is difficult to forecast how events may turn out, but the Board will review the situation at the end of 2020 and take a view on our level of capital and capacity to pay dividends, or otherwise return surplus capital to shareholders, at that time.

While the Board recognises that the cancellation of dividends will be disappointing to shareholders, we hope you will understand why it was appropriate to agree to this in the current exceptional circumstances.

https://www.marketscreener.com/LLOYDS-BANKING-GROUP-PLC-4000786/news/Lloyds-Banking-2020-ANNUAL-GENERAL-MEETING-QUESTIONS-AND-ANSWERS-30829049/

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN24412Q

UglyPig
Friday's round of Brexit trade negotiations were unexpectedly called off on Thursday, a move that appears to have contributed to a fading back in the British Pound's short-term recovery rally

UK services PMI Economic Data
47.1 June vs 47.0 May
50 dividing line for growth
Lloyds is viewed as a bellwether for the British economy

Patrao1
Nothing to get excited about today it's a flat or a dip day, got services PMI data out later, GL

"3 million turning up here is ludicrous and will never happen"

Hong Kong and Chinese investment in London properties soars to new levels

This group now accounts for 15% of international buyer home sales above £1million across pime central London and 20% of deals above £10 million.
The figures could to go higher with the proposed Hong Kong visa changes set to open the door to UK citizenship and further property investment for thousands more Hong Kongers.
Since the UK General Election of 12th December 2019 Beauchamp Estates has sold over £300 million worth of luxury London residential property to Hong Kong buyers in locations including Knightsbridge, Belgravia and Islington.

https://propertyindustryeye.com/hong-kong-and-chinese-investment-in-london-properties-soars-to-new-levels/

Halifax sees 100% uplift in new mortgage enquiries in June compared to May

New figures represent a 112% riseon last year

Halifax shares top tips for households as 75% feel confident restarting mortgage payments after payment holiday

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/halifax/halifax-mortgage-enquiries-double-in-a-month-as-brits-look-to-move-post-lockdown/?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1

Patrao1
The market looking strong but still got brexit uncertainty to pull it back down, once we get are no deal the GBP will rally, GL

Lloyds expected to bounce higher this morning but all eyes on US jobs report, Pfizer releasing positive trial results for carnivorous vaccines, might see 32p today

jg1919
It's looking like the UK leaves with a Australia type trade deal, which is essentially no deal option this would mean the UK can trade on world trade organization terms. UK pound will be a risk-on currency trading with an open economy

UK Manufacturing PMI Economic Data
50.1 in June vs 50.1 in May
50 dividing line for growth

Lloyds is viewed as a bellwether for the British economy

So is the Lloyds share price low enough to recommend? Or is it a trap that will suck value out of your portfolio?

https://www.fool.co.uk/investing/2020/06/30/the-lloyds-share-price-drops-to-30p-heres-what-id-do-now/

Lloyds will bounce tomorrow end of month rebalancing of the British pound
Month-end is typically a time of exaggerated moves in some currencies which have little by way of fundamental triggers or explanations as managers in the multi-trillion dollar fund industry look to rebalance their portfolios to account for currency moves.

Lloyds has a capital ratio of 14.2%, significantly more than in 2009, and secured lending makes up 80% of its balance sheet.

https://www.fool.co.uk/investing/2020/06/29/is-the-lloyds-share-price-a-bargain-for-ftse-100-income-investors/

The Office for National Statistics said gross domestic product dropped by a quarterly 2.2% in the first three months of 2020, below the median forecast in a Reuters poll of economists for a fall of 2.0%.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN2410O9

Business confidence still near record low despite slight improvement in overall sentiment

Overall business confidence rose three percentage points to -30% in June, the highest levels since March.

Economic optimism increased 9 points to -33%, despite business prospects falling slightly for the next 12 months.

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-bank/business-confidence-still-near-record-low/

Oakie
The interest rate cuts the bank of England made this year has cost Lloyds 450 million in annual net interest income
This will reduce the dividend payment for next year

U.S. second wave covid-19 virus threat mounts
Tuesday’s final Q1 GDP numbers are unlikely to tell us anything new about the UK economy’s
Brexit talks resume with familiar deadlock, threats to walk away
Another week for Lloyds muddling along sideways

Lloyds faces economic reality check

https://www.investorschronicle.co.uk/shares/2020/06/26/lloyds-faces-economic-reality-check/

The British pound is behaving like an emerging markets currency due to Brexit and liquidity conditions, Bank of America analysts claim.

David Bloom
"Sterling has moved into a risk-on currency," he said. "Why? Because we wanted to be global, we didn't want to be part of the European Union, we didn't want to be part of the big closed economy, we wanted to be an open economy. And now we are, our currency trades like a medium-sized open economy, so it does swing around very violently."

Lloyds is a buy buy buy

https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/25/sterling-should-be-treated-like-an-emerging-markets-currency-analysts.html