Member Info for wanblue

Seems a very quiet board but anyone got thoughts on cycling out of UK banks and into STAN? Had a great run recently but seems a better (non interest) growth prospect with some geographical spread?

The drop from c64p to c53p was completely oversold. Used the dip to top up as offers remarkable opportunity and if the appeal is won can see it testing 2024 highs in 2025.

Unless it turns out the DLG board are angling for an increased offer which actually transpires and is recommended, they are guilty of incredible arrogance.

Worried AV. are already overpaying for a few brands and millions of probably un-loyal customers but if I was in DLG, would be selling on this mornings hike. How can not engaging with AV. be in the shareholders interests - non-exec directors of DLG prob should be voicing discontent with this responce.

Suspect a small hike from AVIVA and maybe a counter from AEGIS but if the BOD don't accept one or the other I think this will sink like a stone. 60% premium is not to be sniffed out from a low growth sector for a company that seems to be unable to turn around.

From the (thankfully) small dip in AV. this morning, I don't think the market expects them to win this 'prize'.

Must be related to the china problem? good chance to top up at a great price!

Rarely comment on posts here due to the tone of many contributors however, how on earth do you think a new government elected in July with huge fiscal challenges partly due to the previous (corrupt??) government covering up the true state of the nations finance (as confirmed by the Civil Service), possibly effect any change in these figures which are mainly from the month they have been elected in?

I know Keir Starmer is #toptier, but even he doesn't have a time machine to undo the many years of damage done by the CONservatives.

Give him time and he'll turn around the economy, make society fairer and maybe even get us GP appointments closer than 4 weeks away.

Anyone who thinks the CONservative governement was a sucess for the UK, when led by either Cameron, May and definately Johnson, Truss and Sunak, on pretty much any measurable level is completely dillusional.

And don't blame COVID - the reason COVID hit this country so bad compared to others is the NHS was on it's knees in the first place - just listen to the COVID enquiry.

One trade for 2000 shares as what would appear to be after hours and not on market but disclosed under MiFID rules - it's just the last trade that Google (and therefore II) picked up on. Ignore it - a couple of weeks ago the same thing led to a Lloyds closing price 9% above the real market price - shame that turned out to be false!

A real shame Google can't sort this out though - until then get the price from a proper broker like HL or AJ Bell.

These results seem to fullfill 'good'. A cursory glance and all I can see that's not so great is the reduction to lending balances which I think is the opposite to LLOY figures yesterday. Guess this will be eclipsed by the £2.5 bn coming in from Metro though - albeit not organic growth.

All things being equal, with increase to forecasts and results significantly above consensus with a fair increase to the interim dividend, SP should show a decent rise this morning, however, after the initially negative reaction to LLOY figures yesterday which dragged NWG and BARC with it, have given up guessing what the market will do on the day of results. If it dips a lot, will prob look to increase holding.

With the structual hedge tailwind, little exposure to car finance compensation, a government focused on growth, seemingly low impairments, and a reducing HMT stake, think the SP could well grow significantly over the next 2 years.

I agree, results look OK and just above market expectations - at least according to the latest H1 consensus compiled by the Bank.

Admit, I'm having difficulty seeing how TNAV per share has come in under expectations given that the other metrics hit or exceeded (could this be because some covering brokers don't forecast all metrics so the consensus figure is an average of only those who do?). Think the div increase is good news and will provide some support to the SP given what happened in the US overnight.

At the end of the day, Lloyds yields over 5%, with a P/E well under 10 and covered 3 x by profits. Would have been nice to see more capital distributions by way of (pref) special div or more buy-backs but it is customary for Lloyds to only announce these at year-end.

Would prob look to buy more if I was not top heavy in Banks but also suspect BARC and NWG could offer better potential if they can sort out governance for Barclays and Government (ie: Treasury Shareholding) for NWG.

I did wonder that but aren't the trading decisions down to the merchant bank handling the buy back? And that could backfire - look at BARC - dropped on opening on ex-div then more than made it up within 2 days.

Am I missing something or is the number of shares purchased each day tiny compared to the £300m buyback announced? Is is because of the share price rise? Can't see it's risen enough to cause a problem with staying within the terms of the buyback but could be wrong?

Seems pretty impressive on first take. Certainly more positive then LGEN.

If my calcs are correct then with 2.5% share capital reduction and mid-single digits div cost growth, should see around 9-10% y/y dividend increase.

As this is already yielding c7% should see good sp growth particularly when interest rates start to decline.

Main reason is that the Company are not in control of buying decisions - it's a merchant bank (JP Morgan in this case) making the trading decisions based on the LSE guidelines and company's resolution that allows the buyback. I imagine it's a LSE/PRA/FCA rule meaning trading decisions need to be arm's length.

Secondary to this is it would make not effective difference. In a perfect market with no external factors, the SP would drop by the amount of the dividend on ex-div day then rise slowly towards the next ex-div day.

Of course, that never actually happens in reality as there are are multitude of other factors in play (general market sentiment, sector sentiment, wars, GDP figures, issuing too many bonds in US! ......, the list is almost endless).

Thats also the reason the SP doesn't increase automatically in line with the buybacks. In theory, if they bought-back 1% of the issued shares in a day, the SP would rise by 1% (to keep the yield and EPS he same) over that day, but it's the other factors that mean it will almost certainly never happen exactly in line with the buyback.