Member Info for seany123

Down tomorrow then!::))

https://www.cnbc.com/2021/12/14/imf-warns-bank-of-england-against-inflation-inaction-ahead-of-key-vote.html

Hard up thanks for posting this link, I had been look out for it. Su/HU

He states the usual calculation is around 1.4/1.6p. My finger in the wind is 2p plus a 0.5p special abs 1B buyback.

https://news.sky.com/story/high-street-banks-commit-to-cash-access-guarantee-amid-branch-closures-row-12491907

think the story around Lloyds is more positive than it has been. First with Interest rates set to start rising this should mean that banks and Lloyds can start to increase their margins. Secondly Lloyds has now started to pay a dividend again and I would expect the rate of payment to continue to increase. New Chief executive Charlie Nunn has announced plans to diversify the income stream further which should also be positive. On the negative side its traditional business is under attack from the Challenger banks out there. Looking at Brokers recommendations out of 16 - 12 have the stock as a Buy although quite a few have it moving sideways over the next 12 months.

https://uk.news.yahoo.com/unicredit-targets-2024-net-profit-091350983.html

16 Billion dividends and buybacks over next 3 years

Russ Mould, AJ Bell's investment director, said the FTSE 100's cheap value might be deserved due to its mix of 'the unpredictable (oils and miners), the indigestible (banks and insurers) and the beyond-the-pale, at least so far as ESG screens are concerned (tobacco, oils, miners, bookmakers and defence stocks).

ASP. SUFC

This is slow torture, I really want to bail but need 65p back. THE FING PAIN IS INCREDIBLE :/

I DONT THINK THE MARKET BOUGHT NUNNIES IDEAS((((

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https://www.ft.com/content/1de87bf6-e791-489b-962c-578471af4509

The growth plan would mark a reversal in Lloyds’ strategy after the bank was forced to dramatically scale back its presence in commercial and investment banking after its 2008 government bailout.

Lloyds declined to comment.

The Financial Times previously reported that the bank had set a “strategic challenge” of owning 10,000 residential rental properties by the end of 2025, with a further aim to reach 50,000 by 2030, making it one of the UK’s largest landlords. Hitting the first target means Citra would have a balance sheet worth about £4bn and generate about £300m in additional pre-tax profit.

The quadrupling in funding planned by Nunn marks a far stronger commitment to expanding the business. As recently as October, chief financial officer William Chalmers played down the bank’s ambitions in the area, calling Citra an “exploratory exercise”.

Another plank of Nunn’s strategy will be to build out the UK wealth management business, focusing on digital services for the mass affluent segment, customers such as doctors and lawyers with up to £1m to invest, rather than the ultra-rich, the people familiar with the plans said.

A joint venture with Schroders has posted disappointing growth since it was announced in 2018. Overall wealth and insurance customer net inflows also slowed to £5bn last year from £18bn in 2019. Lloyds is hoping that its existing relationships with 14m UK households will allow it to accelerate customer acquisition.

Financing the net zero transition will be another area of focus. ??Lloyds has hired a 23-strong ESG investment banking team that includes recruits from industry, such as from miner Rio Tinto.

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Nunn — who worked for McKinsey before he became a banker — also wants to see more cross-selling to commercial and corporate clients from the investment bank, particularly in foreign exchange, trade finance and lending.

He wants to “drive growth, responsibly expand risk appetite and geographic borders,” another person familiar said, adding that the strategy is not yet finalised. “He doesn’t just see Lloyds as a UK bank. It has a lot of international clients and it needs to do more to support them abroad.”

Lloyds is considering recruiting a team in New York — the first time it would have a significant presence there for a decade — to help its UK clients invest in US infrastructure projects.

Lloyds’ share price has recovered about 30 per cent this year, but is still down by about a quar

https://www.ft.com/content/1de87bf6-e791-489b-962c-578471af4509

Lloyds to deploy £4bn war chest under new chief

Charlie Nunn will boost budget for private rental business to £1bn as UK lender targets wealth, commercial and investment banking

Lloyds Bank chief Charlie Nunn has a £4bn war chest to drive growth
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Siddharth Venkataramakrishnan and Stephen Morris in London 3 HOURS AGO
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The chief executive of Lloyds Banking Group is preparing a new strategy that will expand its ambitions in property, wealth, commercial and investment banking as he looks to shift the lender into growth mode after years of retrenchment.

Since taking over in August, Charlie Nunn has been plotting his inaugural strategic update, scheduled for February. The former HSBC executive — who succeeded António Horta-Osório after he moved to chair Credit Suisse — has a £4bn war chest as the British economy has rebounded faster than anticipated from the pandemic, freeing up more capital.

Nunn is considering quadrupling the budget of Citra Living, Lloyds’ new private home rental market brand, raising it to an initial £1bn from £250m, people familiar with the deliberations said. The number has not been finalised and could increase further.

Citra is one of a number of measures under consideration intended to diversify Lloyds’ income away from traditional retail banking and lending, which are being squeezed by low interest rates and fintech competition.

Lloyds has dominant market shares in UK mortgages and credit cards, limiting its opportunities to grow organically or make acquisitions. It also has a 19 per cent share of British SME lending, according to its latest annual report.

Everyone thinks of Lloyds as just this big retail bank, only a large mortgage provider, but it also has great commercial, corporate and insurance arms

Lloyds insider
Nunn plans to shift his focus to building out the commercial bank — specifically larger corporate and institutional clients — as well as currency trading, insurance and wealth management, areas where Lloyds trails domestic rivals.

“Everyone thinks of Lloyds as just this big retail bank, only a large mortgage provider, but it also has great commercial, corporate and insurance arms,” said one person with knowledge of the plans. “It has more client touch points than Amazon, who are as successful as they are because of their cross sell.”

The growth plan would mark a reversal in Lloyds’ strategy after the bank was force

I think LBG protected itself well in the beginning and was criticised for not lending to non LBG clients

https://www.thetimes.co.uk/article/omicron-threatens-global-recovery-says-oecd-0l7tgncvf

https://www.thetimes.co.uk/article/abrdn-buys-interactive-investor-in-transformative-1-5bn-deal-xqdt0zhd6

AJ Bell is handing almost £40 million in cash back to its investors after the DIY investment platform boosted its dividend after a rise in annual revenues and profits.

The FTSE 250 group has enjoyed a boom in business since the coronavirus pandemic began as greater numbers of have-a-go investors used the money they saved during lockdowns, and their extra free time, to put cash into investments.

It attracted 87,449 customers in the year to the end of September, taking the total to 382,754, and £6.4 billion of net inflows, helping to lift its total assets under management to £72.8 billion. That propelled pre-tax profits 13.5 per cent higher to £55.1 million on revenues that rose 15.1 per cent to £145.8 million.

Both figures were slightly short of forecasts by City analysts, who had been expecting profits of £57 million and a top line of £146.7 million. Investors responded by sending AJ Bell’s shares down 5 per cent in early trade to 376p.

Their disappointment was partly offset, though, by the announcement by AJ Bell of a 5p-a-share special dividend that will return £20.5 million to the company’s shareholders. The payout is on top of a 4.5p a share ordinary final dividend for the year that AJ Bell also declared today, which will hand an additional £18.5 million to investors.

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The lion’s share will go to Andy Bell, its chief executive and co-founder who owns almost 23 per cent of the Manchester-based business and will receive almost £9 million from the dividends. It is also a fillip for the group’s other investors who bought in at AJ Bell’s stock market flotation three years ago and have already enjoyed strong returns.

The company was set up in 1995 by Bell and his friend Nicholas Littlefair to manage actuarial, pension and trustee administration for people with self-invested personal pensions (SIPPs) and small occupational retirement schemes. It is now one of Britain’s leading wealth platforms used by customers to buy and sell shares, invest in third-party funds and manage SIPPs and Isas. The group is a growing player in an increasingly competitive industry, as rivals including Interactive Investor seek to take business from Hargreaves Lansdown, the country’s biggest DIY investment platform.

AJ Bell listed on the stock market at 160p a share but its stock has risen sharply since then.

Bell said: “We continue to see significant long-term opportunities in the investment platform market. The pandemic has highlighted the need for people to take more control over their financial future, with increasing numbers of people investing for the first time.”

Livestock, Have you got the link that opens or the text. Upgrades to what from what ??

https://news.sky.com/story/asset-manager-abrdn-agrees-1-5bn-takeover-of-interactive-investor-12484524

Defo Sufc.

No Brainer! that fits the BoD perfectly, I in no rush either just like to see SP improve and reflect LBG potential.

I Like to think bit more than 2p Sufc, start the buybacks again would be positive!!