Member Info for Nuwanda

"Systematic internalisers" - fancy name for a Market Maker

To be honest, should some kind of financial armageddon and/or WW3 be on it's way, funnily enough, the LBG share price - or any, for that matter - would not be high on my priority list.

Lex and Tusker will have used/use Credit Sale Agreements (CSA's) for ECO and SalSac. But as it's B2B , the End User business that has brokered/introduced the driver is highly unlikley to have taken a commission. So exposure is low IMHO.

Lloyds 'Exposure' will be from:-

Lex Autolease (wholley owned). Mostly B2B, but some potential exposure from Employee Car Ownership Schemes & Salary Sacrifice.

Tusker (recently purchased, and now wholly owned) B2B, but Salaray Sacrifice focused.

Lloyds Finance Mostly B2C

All of these entities will have made their returns/disclosures to the FCA as will anyone acting as a Credit Broker (Car Dealerships). So all of the data is available and charging a 'commission' is a know, and disclosed, custom and practice.

Given all the tailwinds impacting LLOY profits, this headwind is more than managable. IMHO

The value of the asset doesn't bother me, I like the dividends and the way the LBG is being run; including the Buy Backs, This is a five year investment for me (minimum), so my outlook is probably different to most. Once the election is over (regardles of who wins) my view is that LLOY will pick up along with the FTSE100.

We don't know the dividend yet, or any Specials (I don't have a high expectation) and any more buybacks are a no lose (bought at a low - current - share price and a significant proportion in circulation get cancelled. Bought at a higher price and my asset has gone up in value.

72p please (please adjust 1p up if there is a clash). I will organise payment for 2023 next. GLA & HNY

This years buy-back was c7% of the shares in circlation. So, whilst buying no shares at all this year, I own more of LBG, and there is capacity for me to own even more without purcahing another share in 2024. I think I lke playing the long game.

Any chnace of an update please? Make the run in fun! I recall a spread of four between 45p and 48p, which now looking like a decent range. Thx

They also use their banking relationshipos to try and sell Car Fleets through wholley owned Lex Autolease and Tusker. You do a banking deal with them and the banking contact is all over you with their 'land and expand' stratergy - whioch pre dates Nunn to be fair.

With the massive fall is Residual Values (RV) on Electric Vehicles, both Lex Autolease, and Tusker (the Salalary Sacrifice specialists they bought earlier this year), will have set aside accurals for losses when vehcles come back for disposal (Tesla dropping list prices by up to £7,500 didn't help). Octopus will also have had to make significant accruals for losses on EV disposals not reaching their contractual RV, so you can understand why they need funding.

As an aside the increase in the national minimum wage has caused real issues for those who were 'just eligible' for a Salaray Sacrifice vehcle, as you can't have a Salary Sacrifice vehcle if it tkaes your salary below the minimum wage - I don't think the Government thought the knock on consequences through.

1.8p dividend

£2bn buyback

£1bn into pension to provide a buffer (and reduce excess profits)

Not optimistic in a Special but if there were 0.7p to top of total dividend to 2.5p

Very happy as a long term hold, and still cheap (Eg. no where near my New Year prediction, so I already have a provision for my charity donation! - lol)

All share prices don't start from the same base. Metro also has a mere c172.68m shares in issue - not even close to an apples v apples comparision.

EV fires require specialist equipment to starve a fire of oxygen. A few fire services are getting them, but this is one of the addittional costs of transitioning to EV's. Lloyds has two Vehicle Leasing Companies (Lex Autolease & Tusker), so it's not entierly unrelated, albeit tenuous. Currently happy with my ULEZ complient ICE vehicle.

ARMANI - The Savoy (and just about every London hotel) have done deals for as long as I can remember. Room utilisation is a portfolio play over the year with a mix of dynamic pricing and deals for a little free attention.

I am sticking to my fixed rule - Divi is untaxed income for me (as my 250k shares are in an ISA) to spend on me/family (mostly grown up) and the shares remain a long term hold. I only hold LLOY shares now and am happy with a long term hold and (hopefully!) regular progressive dividends to ensure I cash to enjoy life with a healthy balance of save and spend.

Property prices depend on the area. I sold a five bedroom detached for £1m, in a nice part of Hertfordshire (good rail links to London, road links to M1, M25, Good shopping and park, woodlands and Canal all within walking distance). Time to downsize and it was a large property and garden (with NO possibility for planning permission/flat conversion or HMO).

I couldn't move back to that area for less than £1.3m. It's become a 'hybrid working' hot spot, and I am sure there are plenty more around.

I moved to £500k 3 bed semi in a good area, around a mile away. dependent on condition current sold prices range from £450k to £550k)

Happy with my decision, but it just goes to show how it's not "the market", you can't aggregate the country and then apply to all araes. There are still areas that are increasing in value.

Penultimate comment - I've heard some peolpe say "it's only 2% extra", for example, and psychologically those same peolple think it's just a small increase that can be absorbed within a household budget. But if your mortage rate moves from 2% to 4% (just an example) that means your mortgae increases by 100%. That's the bit those people just can't get into their heads as to why such a 'small' movement has such a big impact on disposable income and household budgets.

Finally, I wish I knew what the solution was. But with an election coming a) The Tories (the most socialist Tory Government I've ever known) will do everything to manipulate markets to avert recession and try and pull of a Major style surprise election win. b) Like it or not a Labour win will bring a 'feel good' factor to many (not all on this Board, I know). But whatever the rhetoric, and the inevitible short term bounce that follows, I cannot see which lever(s) can be pulled to unpick years of mismanagement by both Labour and Conservatives. For the first time in six decades, I don't like my country very much.

Rant over - apologies.

Am I right in saying that the Board do have authority to start another buyback programme, once this one has finished, if they wish? It was part of the AGM vote if I recall correctly (to as set limit of shares for cancellation)?

Carltt - Thanks you. Too kind. love coming back at ya! xxx

Academic really........

To achieve a 4.385bn share buy back, the balance of shares need to be bought at an average of 45.109

To achieve a 4.386bn share buy back, the balance of shares need to be bought at an average of 42.719

To achieve a 4.387bn share buy back, the balance of shares need to be bought at an average of 40.571

That's me, over and out. Goodwork Hardup Thank you for providing the buyback updates and for letting me stand on the shoulders of a giant.

So, all aboard the Slay, in preperation for the Santa Rally to 80p+ :)

To achieve a 4.380bn share buy back, the balance of shares need to be bought at an average of 45.983

To achieve a 4.385bn share buy back, the balance of shares need to be bought at an average of 42.929

To achieve a 4.387bn share buy back, the balance of shares need to be bought at an average of 41.818