The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Both sold shares at an average price of 52P a share, trousering around £1.53Mn and £1.42Mn respectively, in Shelley's case 94% of his entire shareholding in the bank, which must be of concern to shareholders and the market.
Insider trading and directors acting on specific information or future financial actions they wish to implement that have not been yet revealed to shareholders or the market is common practice and nothing new.
LTI
Yes, Erdogan a dangerous and divisive individual, Putin's " trojan horse " inside NATO, and an arch enemy of the West for far to long now.
Skier1
More importantly Turkish Elections 14th May, hopefully will result in Erdogan defeat and pave the way for Sweden's swift accession to NATO.
Livestock
Treading water would be more of an accurate statement from the BoE.
Latest Office for National Statistics reveal the UKs trade deficit with the EU in the final quarter 0f 2022 hit it's highest level since records began in 1997 as imports from the bloc rocketed to £82bn against exports of £49bn, strip out American re - exports of LNG to the EU and the figures look even bleaker.
Genghisinvestor
For starters, compulsary reintroduction of the old nationalised long distance bus -network, many of these old routes would simply not be attractive or cost effective for the incumbent operator to run these days.
A change of Goverment in 18 months time will bring both long and short distance tighter bus regulation to the industry, i believe a pre -emptive move by the board with the eventual intention of dumping its UK operations to concentrate on its larger overseas and more profitable transport operations.
100% loan to value mortgages aimed at renters and first time buyers clearly underlines the fierce competition among lenders in the UK mortgage market, it only takes a slight drop in the value for the property to fall into negative equity , and we all know what comes next !
The real culprit is former boss of HBOS and arch villain, Andy Hornby who single - handedly led HBOS to the brink of collapse in the 2008 financial crisis and saddled Lloyds with its huge toxic loan book and PPI scandal creating a legacy which still affects UK banking credibility and confidence to this very day.
Well done " Penny Mordaunt " you stole the show the show at Westminster Abbey yesterday, holding the large guilded bejewelled sword for over an hour at the head of the ceremonial procession.
Huge mistake by the Conservative Party for not electing her in last year's Tory party leadership race, undoubtedly they would be in a much better place in the opinion polls today if they had elected her instead of Sunak, as the 2024 national election year approaches.
The Tories pushed their self - destruction button long ago, tune -up for a Labour Government at the end of 2024, and rebalance your trading portfolio's and investments accordingly !
Q1 results already baked into todays current share price and in line with earlier peer UK banking sector results and expectations, net interest margins remained steady at 3.22%, slight increase in operating costs, surprisingly commercial banking deposits rose, offsetting the decline in retail accounts, impairment charges remain manageable.
Satisfactory set of results, Black Horse now trots onwards to Q2 reporting date.
BP estimated dividend cover around four times 2023 earnings, also still on track to using 60% of 2023 surplus cash flow for share buybacks running parallel with lowering net debt levels and strong investment credit rating.
so far, so good.
( overseas demand for British made goods contracting for the 15th month in a row )
British manufacturers are certainly on the back foot, and are reporting their sharpest falls in activity since 2008 - 09.
Positive Q1 results for investors, profits mainly driven by accounting gains and interest income, strong focus now on profitable asian markets as the bank accelerates its shift from west to east.
A sharp drop in asset prices and liquidity risks arising from margin calls are a real concern for the banking and financial sector. Lloyds has by far the largest UK bank exposure to the repo market with £52Bn or 8.5% of the assets currently sat on its corporate balance sheet.
Wenglishboy
Yes, could become an issue particularly for UK smaller banks who rely on short -term wholesale funding to support long - term illiquid assets.
Mismanaged interest rate exposure and customer deposit migration is becoming a real problem for the American regional banking sector, customer deposits and assets saved, shareholders in the bank wiped out !
Markets were cleary not impressed with Nat - West Q1 numbers, analyst revised 2023 full year forward estimates on inflationary operating costs and sharply rising impairment charges are a growing concern for the bank and investors.
Bunch of Crooks
Whats new ! Unwitting investors load up on shares and drive up prices, the crooks see their opportunity and take away their profit expectations....... thats how markets work.
Will Lloyds surprise investors and " pull a rabbit out of the hat " or will it be a double edged sword of sharply higher interest income and impairment costs ?
For banks to stay competitive and profitable, digital transformation, remote working and cashless payments may become the new norm sooner than later ?