Member Info for seany123

LTI, ::)) What did you do at HSBC?

LTI, That analyses is from a very reputable investment house in the city??!!

Lloyds first quarter numbers were fine. Net profit came in higher than expected, but the quality of the beat was marginally disappointing with Net Interest Income a little light, but costs and impairments better than expected. Return on tangible equity was good (in what is usually a seasonally strong quarter). Core Tier 1 capital was in line with expectations at 14.1%. Tangible book value per share rose 7% quarter on quarter. Management’s earnings guidance for the full year is unchanged. There was a small deposit outflow which, at present, is not an issue. The structural hedge has a tolerance for a far greater deposit outflow, but given current market-wide deposit flow sensitivities we will monitor this closely. It can be argued that Lloyd’s deposit base is greater than it need be, but it may be prudent for management teams across the sector to start to increase deposit rates more meaningfully to counter the risk of more significant outflows to money market funds. We anticipate the Net Interest Margin to come down a little as the year progresses, but again this should not come as a surprise. The mortgage book continues to perform well, but there is a headwind to future margins as newly written business is lower margin than that written during covid but, again, this is well known.

With a NIM>3ppt, a loan to deposit ratio of close to 100% and strong capital generation, we continue to hold the stock in our guidance portfolios and anticipate a further sizeable share buyback program to be announced before year end. However, it should be noted that there is a risk that the size of the buyback program could disappoint if the coming economic slowdown is deeper than consensus currently expects.

scam alert, anything is possible an I do wonder myself if LBG could be bought by a US big bank or merge!!

HardU. It really not matter as it never gets up to the analyst productions anyway!!!;)))

Break it up, give free shares to shareholders or sell it and give cash to shareholders and keep original shares.

I'll have either? Sensible thoughts??

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https://www.ft.com/content/377e0105-80c3-4dee-a605-333ccecc1802

Barclays’ chair Nigel Higgins defended the bank’s persistently poor stock market performance at its annual meeting, telling disappointed shareholders the board believed that boosting capital returns and avoiding a repeat of recent costly scandals would improve its valuation.

On Wednesday at the lender’s AGM in Westminster in London, Higgins acknowledged that the current share price represented a “clearly unsatisfactory 50 per cent discount to our book value”, but maintained the bank had the right strategy to succeed.

Barclays’ stock has steadily declined since it embarked on a drive to grow its investment bank under former chief executive Jes Staley, a strategy continued under his successor, CS Venkatakrishnan. Since December 2015, when Staley started at the bank, the shares have dropped 43 per cent from more than £2 to £1.52, significantly underperforming Wall Street rivals.

“I would like to address the elephant in the room?.?.?.?It is embarrassing to see Barclays hovering between 150p and 170p and in a downward decline all the time,” said one individual investor. “I am not going to harp on like a peasant wanting money. But promises have been made to shareholders for decades now?.?.?.?If you don’t address the dividend Barclays will always be a £1 to £2 share.”

“You’ve hit the nail on the head,” Higgins replied. “We are very conscious [the share price] has been disappointing for most of the past decade?.?.?.?But we are absolutely focused on improving the share price and capital returns.”

Higgins argued that a 27 per cent increase in net profit in the first quarter showed positive momentum and that the bank had raised its dividend to 7.25p and bought back £1bn of shares at a discount last year.

He added that it was “particularly important given the shrinking European investment banking world, we must ensure that you, our shareholders properly understand how we as a business make money and why our model and strategy is the right one for the bank”.

Raid on all banks!!!!!!!!!!!!!!!!!!!

What's wrong with those results, to good perhaps?? and here comes a government raid....

Broken and too complicated to value, hence no/low value!

I hope everyone votes on the AGM forms of there unhappiness of this share, not just on this board?/

I wonder?? Who completes the voting form expressing there dissatisfaction???

HHAHAHAH
It is very hard watch SUFC, loving your dedication and optimism, very tough pill to swallow nowadays !!

Hope Q1 results are good SUFC on the 3rd , If not I think may patience will give!!

You know you facts and correctly put them. Everything crossed we could we get somewhere like the old days again. Labour government your thoughts?

Same!! But here we are, 50p!!! 5% Dividend, 10% total return 2023

What do you think Lloyds share price and dividend would be today without the HBOS takeover??

You know what I mean LTI!! I worked for LloydsTSB for
sometime I also had HBOS shares when they went burst. :((

Not quite like that LTI. I comfortable with the guidelines for investing. I've held lbg for several decades (not go into details ;))) and diversified across product types. The attractive dividend and share price over the decades has led to LBG becoming my biggest holding and now house prices are more negotiable it's time the share prices jumped up 20% so i can move on to improving my next stage and quality of life for the family! But I know LBG has a longer run yet!

I put money here some years ago, added on route, now have a large holding and enjoy the dividends, to buy a bigger house for my family and businesses, mostly happy with returns and understand the years of no returns, albeit I feel PI have been misled from time to time.

Now I need a chunk of my money to move and the share price is "some way" below what I need!!

Should Lloyds rerate in line with either the FTSE 100 average or international peers, the upside from here would be outstanding.

The big question is how long this disconnect from peer valuations persists???

Thanks HU,

Are UBS buying quicker than last years buybacks??

Why down today?