Member Info for seany123

Lloyds 53p
Metro 103p
Virgin 215p
Barc 207p

I feel Hargreaves Lansdown is a good bet, Market cap £6B!

HU,

I guess you never know what the banks will do until they do it, a bit like our dividends!:))

Any thoughts on LBG buying either or??

Thanks ASP, I was more thinking of the One off Levy that Labour are bleating about..

Any thoughts on any bank levy "again"!!

What does the rate rise mean for banks? On the one hand, estimates already factor in several rate moves in 2022 but the fact that we have a rate rise coming into this year cannot be ignored. The December move alleviated risks around the BOE waiting until Spring this year for a sector needing rate rises to grow into valuations. Looking back to the day of the rate rises, cash markets priced in a 60%+ probability of another hike in February (albeit clearly there remains considerable uncertainty).

This particular rate rise – while only 15bps – should add c.4% to domestic sector profits with the impact on free cash flow larger. The vast increase in money supply over the last 18 months has driven up the quantum of deposits in the banking sector, enlarging the pool on which banks generate extra revenue as base rate increases and allowing a smaller pass through of base rate because of that same surplus liquidity. The power of this is greatest while the incentive of customers to move savings is the smallest, and the money supply the largest.

Lloyds

Rising interest rates, ongoing release of excess balance sheet provisions and £1.0bn p.a. share buybacks through 2022-24 should combine to deliver best-in-large-cap-sector Return on Tangible Equity of 15.1%/10.5%/10.2%/10.5% through 2021/22/23/24 (on Investec estimates). As such, we continue to favour Lloyds as the sector pick and see the valuation as undemanding.

Where to tomorrow?

Where to this week?

Will they or won't they?

I'm in Kelt!!

Sensible answers!!

Nope! More interest rates raises to come more
Capital build more distribution and buybacks.

Interesting that Insurance is making a loss!!

My money is on--

2p Ordinary, 0.5-0.75p special, £1B buyback.

Bubble, Agreed, more for shareholders

Tue, 4th Jan 2022 09:46

RNS Number : 3405X
Lloyds Banking Group PLC
04 January 2022

Lloyds Banking Group plcNotice of Regulatory and Capital Event Redemptions4 January 2022

LLOYDS BANKING GROUP PLC(the "Group")(LEI: 549300PPXHEU2JF0AM85)

NOTICE OF REGULATORY AND CAPITAL EVENT REDEMPTIONS

to the holders of:

£150,000,000 7.281 per cent. Series B Perpetual Regulatory Tier One Securities issued by Bank of Scotland plc (ISIN: XS0125686229), of which £18,096,000 in principal amount is outstanding;

£245,000,000 7.881 per cent. Guaranteed Non-voting Non-cumulative Preferred Securities having the benefit of a subordinated guarantee of HBOS plc issued by HBOS Sterling Finance (Jersey) L.P. (ISIN: GB0058327924), of which £245,000,000 in principal amount is outstanding (£237,327,000 being held by HBOS plc);

U.S.$2,000,000,000 12.00 per cent. Fixed-to-Floating Rate Perpetual Capital Securities issued by Lloyds Bank PLC (ISIN: XS0474660676 / US539473AE82), of which U.S.$1,862,568,000 in principal amount is outstanding; and

£700,022,000 13.00 per cent. Step-Up Perpetual Capital Securities issued byLloyds Bank PLC (ISIN: XS0408620721), of which £134,417,000 in principal amount is outstanding

(each, a "Series").



The Group today announces that notice has been given to the holders of the securities of each Series that each Series will be redeemed in full on 3 February 2022 or 4 February 2022, as the case may be and as detailed below.

Prior to 1 January 2022, each Series was eligible for classification as Additional Tier 1 Capital pursuant to the transitional provisions set out in Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms of the European Parliament and of the Council of 26 June 2013, as it forms part of the domestic law of the UK by virtue of the European Union (Withdrawal Act) 2018.

Each Series ceased as of 1 January 2022 to be eligible for classification as Additional Tier 1 Capital. The issuer of each Series is therefore exercising its right to redeem each such Series pursuant to their respective terms and conditions.

Separate notices and further details in relation to each Series to be redeemed are set out below.

In addition, the £245,000,000 7.881 per cent. Subordinated Extendable Maturity Notes due 2048 issued by HBOS plc (ISIN: XS0105254626), of which £245,000,000 in principal amount is outstanding and held by HBOS Sterling Finance (Jersey) L.P., will be redeemed in full on 4 February 2022 pursuant to their terms and conditions.




BANK OF SCOTLAND PLC

(formerly The Governor and Company of the Bank of Scotland)(the "Issuer")(LEI: OQ3T05P7YR8P5YJEVI93)

NOTICE OF REGULATORY EVENT REDEMPTION

to the holders of its

£150,000,000 7.281 per cent. Series B Perpetual Regulatory Tier One Securities(ISIN: XS0125686229), of which £18,096,000 in principal amount is outstanding (the "Securities")

NOTICE IS HEREBY GIVEN by the Issuer to the h

Poor dividend, no buybacks

Will
You sell
Out on bad news?

And Barclays