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According to the FCA the 3rd quarter payouts total approx £1.2 bn for all banks.
So i don't know how Lloyds can have £1.8 bn
https://www.fca.org.uk/data/monthly-ppi-refunds-and-compensation
I've just had a quick scan of the interim statement. They had £650ml left from the buyback pot. So the although the charge this year is £2.45bn . £1.8bn from this years profits.
They are projecting a capital build of C75 basis points for 2019.
210 capital build Basis points in 2018. So i'd say the progressive sustainable dividend is safe.
Lti. The continous dilution. They should buy the shares they give to staff, not issue more.
Seems to me that AHO is focused too much on the cost income ratio.
If they bougt shares out of earnings to give to staff it would go up
Hi Guys. I trade with Halifax trade online.
I have always received emails with the RNS updates for Lloyds, Buybacks etc.
They have stopped for some reason. I have logged into my account and i can't see where i could turn these on or off. My email address is correct. Has anyone had the same happen to them?
Thanks in Advance
3p per share left for distribution after dividend paid. Looking good
SP61GHT
George Culmer
Hi Joseph. Yeah there is nothing wrong with the math in simple speak, yeah 200 basis points is £4.5 billion in pounds terms and if you were to put into p, it is about 6p type stuff. So that is the basic maths and you see I am currently paying out for the ordinary was just a bit over 3p. So that is the maths. What I would also say, the affirmation of two things. One in terms of confidence around capital generation. You have seen that in the 162, you have seen that in 41. And we are confident of delivering the 200 basis points for the full year. We are also confident in terms of our capital position and our capital requirement. So we have got the 13 plus 1, in terms of management buffer. So those pieces together say that I will come to the end of the year and that 200 basis points will be over and above that which I need to meet my capital requirement. So therefore are eligible for distribution. What I will say and I would stress, the Board will make its determination early next year, it will make that in that, we have updated our plan; we have seen various stress tests et cetera, come through and the Board will decide at that point. But as you know, the current board position is that we will look to distribute any surplus that we have and at the moment we have a requirement of 14, and as you have said, we have a capital position that will take us significantly in excess of that. So there has been reaffirmed confidence in capital contribution, continued confidence in requirement and absolutely no change in terms of how the Board will look at our capital position and surplus usage when we come to that time in early January-February of next year.
Something about Lloyds. Although Brexit is mentioned in the article as well. LOL
50% Gain predicted
https://seekingalpha.com/article/4206679-lloyds-banking-group-brexit-baby-bath-water?app=1&dr=1#alt2
It looks like the PPI claims have started to subside.
Figures below are for 2018 and are the total payouts from all banks updated today
https://www.fca.org.uk/data/monthly-ppi-refunds-and-compensation
Feb £361.2m
Mar £389.6m
Apr £398.3m
May £403.4m
June £383m
July £353m
SP61GHT