Member Info for randommix

UK mis-selling - FT 4 hours ago ---

UK auto lenders could face £13bn bill after FCA probe into commissions

4 HOURS AGO

*News is emerging that the company could face a £1bn fine as the Financial Conduct Authority investigates practices around motor loan commissions."

Are we saying a £1b fine is in addition to the cost of compensating the claimants?

FCA doing their bit to get the sp down before the buy-back....

I feel sure that the SP will be held back to enable the buyback to proceed profitably for lloy ....

I sent Charlie the following email on 26th June

''Surely there must be a case for a further amount to be put into the programme at the half year results stage, and to still be completed by the year end?.

It is looking like the current funding will be spent before September. Purchasing at the current crazy low levels would be of great benefit to long term shareholders.''

And what did Charlie say?

So SP rise is MM baseless trickery.

Not baseless, connived.... Lloy, HMG and MM are in this together. Watch the sp rise now the buy-back has ended.

Thank God, another mad-man is dead, hopefully. The world just became a safer place....

Hi Gate. Wheels within wheels. What doesn't make sense (to me) is that the sp drops 19% after a new buyer of such large quantities enters the market. You would expect the sp to rise, not fall....unless it is connivance...

Don't you bring my Nan into this Bline he he....

Correct Chat.

Aug 8th

The buyback will have finished by 12th Sept and the sp will have risen by then, probably to above 47pps and continue to above 50pps to then fall again when lloy next buy back is announced at year end....

Bet putin is seething. Kiev better watch out tonight....

Lloy going out in style, markets saved their best till last, pretty much lowest sp since the buyback started albeit the sp is down 19% over the same period. Some people like randommix for example would say its all very fishy and lloy, HMG and markets have got together to fix the sp so lloy can buy cheap. Not that I'm complaining of course....

You're being silly now JG.....

And while we're at it, banks also caused global warming and melting ice caps...

My House Insurance has just doubled anyone else had same ,maybe landlords are to blame they certainly caused Brexit and the war.

That's not right JG, it was banks that caused brexit and the war and banks also caused covid and that's how they repay us after we bailed them out......huh....

Well put Suffcessex. We should carry on Regardless....

Questor says -

..... this year’s profit forecast for Lloyds is exactly the same as what it achieved in 2019 when interest rates were significantly lower than today. The analyst forecast is £7.5bn underlying pre-tax profit in 2023, falling to £7.3bn in 2024.

...... a cynic might suggest the black horse has been sleeping in the stable rather than running through the meadow. Investors want profit progression.

This reminded me of what I saw as a killer question for the newboy Charlie Nunn after he had set out his grand vision and strategy for the future lloy in the 21 full year results presentation - see results presentation transcript Q&A final question.

Question – Andrew Coombs, Citi

The bigger picture question for Charlie is there seems to be an awful lot of initiatives here to essentially come to the same output. And what I mean by that is, if we go back in time and think of the RoTE that you were doing pre-Covid or Lloyds is doing pre-Covid and the targets were out there. The old organic capital generation target are 170 to 200 basis points and you are now talking about 175-200, but all the way out into 2026. I guess my question is, there are a lot of good initiatives here, so what’s gone wrong to offset those and more importantly, is this as good as it is ever going to get?

I wonder why the sp isn't flying?

Great, it works, thanks everyone. Questor doesn't sound optimistic for the future sp....

This bank is paying investors to wait for better times

Questor share tip: despite interest rates soaring, Lloyds' share price performance has been sluggish... the rest of the article is hidden behind a subscribe wall. Can anyone post it on this bb please?

Back to 47p folks today ?

Doubt it, the market will keep the sp down to allow the buyback to continue. The sp will rise when it is completed....