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Huge drop off after lunch after hitting 66p

I don't own shares in Lloyds but my father has over £400k invested at around 56p.

This article on linkedin today caught my eye.

Could lead to a black hole in the P&L which Lloyds need to fill if they are no longer taking the dividend from Lex? Surprised this hasn't impacted share price, but the SP seems to be on the rise.

Lex Autolease, the car leasing company owned by Lloyds Bank, has fallen into the red two years after posting a profit of more than £500m.

The firm, which is headquartered in London, has reported a pre-tax loss of £10.6m for 2024, according to new accounts filed with Companies House.

The total comes after the business achieved a pre-tax profit of £124.4m in 2023 and £544.2m in 2022.

Lex Autolease said the fall into the red was “principally driven by increased underlying depreciation charges on the growing funded fleet, lower profit on disposal of motor vehicles due to market conditions in the second hand car market and increased interest expense on the company’s borrowings due to the increase in interest rates during the current year”.

The results also show the business has scrapped its dividend to Lloyds Bank after having paid £439m in 2023 and £708m in 2022.

Despite the fall into the red, Lex Autolease’s revenue increased in 2024 from £2.2bn to £2.4bn.

Trading update next Tuesday 22nd July

Opened at 66p today as well after a bit of a revival yesterday and monday.

Disappointing today Pike

Just hoping for some sort or positive update that could really help continue to push the resurgence of the SP price;

Does anyone know when the next Financial update will be?

I think our pull back over the last few days might have been due to the rumours surfacing again of the bookmaker tax.

This has come up a few times.

Maybe some people are thinking there is more weight behind it this time.

But this morning's opening of 61.50 was a big drop from the 67p at start of the week. Hopefully we can rally again.

Entain still maintaining their daily growth but ours seems to have dropped off the last two days.

Once again LWHL......it looks like our curse of speaking has pointed the dial in the opposite direction lol

We might just have to say nothing for a while .

The 3 month chart on this looks really good.......anyone who got in at 36p has done very well for themselves.

We haven't really had any good news, or any mentions of positive news coming down the line, so to move from 36p to 65p has been pretty good.

I'm pretty sure it's just getting back to where it should be, and it never should have been in the 40s or 30s,

However, I'd love for some good news to come out over the next few months to really see how far we can bounce back.

This time last year the SP was around 86p.

Could we break it again ?

Have we finally escaped the 57p - 54p patter?

I thought there would have been a large sell off at 60p due to the gains some people would have made buying in at the high 30s / low 40s.

But's actually held ok.

Anything abover 57p for a close for a change would be nice.

Watched the end of ITV's coverage on Saturday of Royal Ascot, and it seems like Bookmakers had a great week.

One of the pundit's described as a monumental landslide victory for the Bookmakers across the week.

Opened 59p today

I'm assuming the small rise today is coming off the back of Entain's update regarding a positive start to Q1 and Q2.

They are up 9% today on the back of that news, and some of that seems to be filtering into our price

Wtf is going on……pushing 58 p towards end of last week in the morning, and just fallen like a stone today when this share falls there’s always such domino effect

Has to be some news coming

It’s now near 3 weeks of this pattern

Opens up 57/57.5/ or a high of 58 every morning

Then back down to 54/55

Can anyone a lot more knowledgeable than me explain this? I understand how it could happen one or two days, but that pattern for near 3 weeks is strange, no?

Most of them closed out before the results?

Only one remains open in comparison to previous when there was 4 open.........or am I missing something?

We just can't seem to push past that 57.50 mark and stay there for a sustained time.

keep bouncing back from it

Jon Mendelsohn, Chairman of evoke, commented: "On behalf of the Board, I would like to thank all our shareholders for their continued support and engagement as we work to deliver long-term value and sustainable growth for all stakeholders. I'm pleased to say that Q2 has started in-line with expectations, with overall year to date revenue growth of approximately 5% as of 25 May 2025, and we remain confident in our plans for the remainder of the year".