"Was it a £1bn buy back? That would be 1/47th (1/47.7th) and as a sp value, 1/47.7th of circa 66p = 1.38p added value?
We may not even notice that in the regular swings here. "
Swamp, it's probably about right. The yearly hypothetical increase in the SP isn't too great....but if they do the same buy back over 10 years then compound increase in the EPS - combined with increasing profitability - could be significant. And dividends are usually linked to EPS in some way.
"Well doesn't that mean things are static year on year?
Wasn't it 2017:- 0.85p interim + 1.7p final + 0.5p special = 3.05p
This year is just 1p interim and 2.05p final = 3.05p
That's a poor doo."
Swamp, there is also the added 'bonus' of a share buy back (£1bn I believe).....although income seekers would obviously prefer cash in the hand.
I think (and could well be wrong) that the 'special' is a thing of the past. Quite possibly the future will be enhanced regular dividends and more buy back money IMO.
This guy is living in your head rent free. Why do you bother to entertain him?
"Opinion is really the lowest form of human knowledge. It requires no accountability no understanding. the highest form of knowledge is empathy, for it requires us to suspend our egos and live in another's world"
"The desire to be right often prevents us from uncovering deeper truths"
You could well be right and if claims just carry on rising you will be. Certainly the Claims Companies are pulling out all the stops to maximise claims - I got a cold letter in the post this week from the Consumer Refund Service (Claims Company) which is a first - all the other approaches have been via text or call. Good strategy on their part - just a very simple form to return with prepaid envelope and I suspect they will pick up quite a few new clients who would have just ignored the texts etc - not me I hasten to add, I never took out PPI.
From a shareholder perspective, I take some comfort from the fact that the claims levels seem to be peaking for the moment around £400m per month for the industry as a whole. We are now well into the period covered by the 'Arnie' campaign and some expected us to be at £500m to £600m per month by now. We will see, the Claims Levels are impossible to predict.
Don't know much about Noel Edmonds et al - only that his initial claims were viewed by some in the press as may be a bit inflated? From what I have read, this is relative small fry compared to the PPI disaster zone.
Thanks for that ball park figure Beyond. Could be a little short in my view but I have no evidence to back that up.
What are your thoughts on the repercussions of the Noel Edmonds case and the shareholders action both of which are still outstanding. If successful they may well add another large sum!
Three posts in a row now that's a record for me
I don't feel old. I don't feel anything until noon. Then it's time for my nap.
Keep it zipped Much ptn is the other part of the dynamic duo who enjoy winding others up when it comes to the dreaded subject. So once again my friend rise above it, don't feed it and eventually your/our patience will be rewarded.
Shame really because like La Frog he does otherwise post some good stuff. Oilovlam hit the nail on the head in her post yesterday about here not being the place for such a prolonged campaign to 'change things'. Most people here have made up our minds and won't change and some of the comments are like red rag to a bull (for some).
Life must go on the trouble is I forget just why!
Latest update on Industry wide PPI payments - January 18 payments £415.8m. Compared to the last full month (Nov 17- Dec is always a low payment month for obvious reasons) the increase in Jan 18 is 4.8%. The trend is still up but, as yet, the figures are not going into the stratosphere.
Some interesting stats now available:
Total Industry PPI payments 2017 £ 3.36bn
Total LBG PPI payments 2017 £1.47bn
LBG % of the total = 43.75%
So if we assume for the moment that average claims per month from Jan 18 will be £350m ( a while at £400m per month but then decline in the second half - as has happened previously) and also assume that the LBG share stays constant then the LBG position would be:
20 months from 31.12.17 - Industry £350m x 20 = £7bn total cost to closure
Assume LBG share 43.75% constant = £3.07bn
LBG remaining provision at 31.12.17 = £2.44bn
Shortfall = £630m
Plus admin cost of processing claims which is meant to be covered by the LBG provision but is not included in the FCA figures - say £100m and the conclusion is, in this scenario, LBG would be £730m under provided.
Two primary assumptions on future claim levels and the LBG share which are really anybody's guess but, with that health warning, I suspect that LBG is still under-provided on PPI to the tune of circa £1bn through to closure.
I have reported this below as abuse its going too far all of us are entitled to our views without this kind or rubbish..
"Your condescending drivel fuelled by a misguided superiority complex is no longer to be tolerated here. This group of decent, intelligent and educated people are sick and tired of your views and love of all things politically correct which you so like to bring into conversations when you are again losing the argument. Look at the ticks man. Don't you get it?
Go and get a life and spend your time more constructively. God only know how much of your and more importantly our time you have wasted over the last couple of years. Life is short and there is an extraordinary world out there to explore and enjoy during our time on this earth.
In reality I suspect you are as intolerable in the real world as you are here which is why this has most probably become the only place you can now come for human interaction. If it was the real world we'd all have slipped off to another pub a long time ago!
Stick to Lloyds or crawl back under your rock, leaving the rest of us to participate in constructive Lloyds and other investment related conversations."
JG, your link isn't just relevant to the B-thingy but also investing surely. A quote:
"In other words, when a belief is strongly held, is tied to ones identity or values, or is held with a sense of moral conviction, people are more likely to distance themselves from information and people that challenge their belief.
Having your beliefs validated feels good, whereas having your beliefs challenged creates discomfort, and this discomfort generally increases when your beliefs are strongly held and important to you,......"
Perhaps when something we encounter makes us feel uncomfortable it's sensible to ask .....why? Perhaps our reaction is slightly irrational and we need to re-assess the topic under discussion (or investment). I suspect it's pretty hard to do in practice though.
I disagree. This comment alone should make us all ignore this FIAT person and a ban should follow:...
"We have it from one of the horses' mouths that Leave.eu deliberately whipped up racism to help their campaign taking inspiration from the Nazis. Just as PTN, I and some others have said all along."
This is an extract from the Link Frog put up it from the COMMONS SELECT COMITTEE.
The references made by Nigel Oakes from SCL and Andy Wigmore from Leave.EU regarding the propaganda techniques developed by the Nazis are particularly concerning. As Nigel Oakes points out in his conversation with Dr Briant, the Nazis 'leveraged an artificial enemy' to make people scared, and through this to incite hatred of Jewish people.
Andy Wigmore states that he believes that the propaganda techniques of the Nazi's were 'very clever'. He also confirms that exploiting voters concerns about immigration was central to their campaign during the Brexit referendum. Given the extreme messaging around immigration that was used during the referendum campaign, these statements will raise concerns that data analytics was used to target voters who were concerned about this issue, and to frighten them with messaging designed to create 'an artificial enemy' for them to act against.
Money and Wealth has no regard for ideologies in fact all ideologies including political, religious, feminism, equality, patriotism, war, peace, longevity, health, efficiency, economics and all others.
All ideologies track wealth like a tracker ETF.
All ideologies want a slice of wealth.
Brexit ETF is no different,
but vol is toooooo low to make any gains
Pro or Against Brexit.
Waste of time for anyone who considers him/her self as an investor (in money market)
hunt a good investment and share it with us
lets be truly useful
"Thank you. I have been checking all the other columns thinking It must be me and how does everyone else know the ex divi date. If it is 2.5p that is very welcome for my ISA "
I thought LLOY were X-d today, hence the 2.05 drop in the SP first thing (the dividend is 2.05p btw). So as far as I know, if you buy today then you don't get the 2.05p dividend.
Unlike most, but certainly not all, discussion sites on ii this one has certainly had its fair share of people rooting for either the 'leave' or 'remain' EU camps and while it may have some relevance as to where LLOY might go in the future many of the posts are either relatively abusive on refuse to properly weigh up to the genuine arguments of the other side. Maybe it would be worth all those posters looking at research done recently at the University of Michigan in the US see https://www.futurity.org/belief-superiority-overestimating-knowledge-1734482/?utm_source=Futurity+Today&utm_campaign=536408518d-EMAIL_CAMPAIGN_2018_04_18&utm_medium=email&utm_term=0_e34e8ee443-536408518d-203933229.
Perhaps if those who go on and on about BREXIT all take the findings on board we can return to a thoughtful and LLOY-focused discussion board as many of those who do post about LLOY certainly make really useful contributions and I am grateful to them - or is that too much to hope?
The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
".....knowing that interest rates are rising..... " [Sageman]
Heard it on the news yesterday (don't know where exactly....BBC or Sky....business hack discussing inflation & interest rates in UK) that there is an 80% chance that interest rates will go up in next month or 2 (cannot remember if he said 'next' time) but the 'betting' is that it could be the last time this year....because inflation is falling back to more comfortable levels.
So what will that mean....perhaps one quarter of a point....maybe a whole half a point.....heady stuff. A slight boost for Lloyds perhaps. But low(ish) interest rates for the forseeable future especially with that B-thingy on the horizon (and bearing down on us with a full head of steam).
Interesting posts, thanks.
Provided markets stay reasonably stable up to the 25th and the Results are either in line or slightly better than expected I think Sageman`s suggestion of 68 as a possibility for that day is realistic.
I had the same figure in mind, give or take.
Always a hard call to make but that probably a good exit level for an investor who has bought at lower and wishes to exit ( or reduce )
Beyond that no idea and could well be wrong.
Also totally agree on buy the dips, sell the spikes as well as LLOY being somewhat boring but safe.
I will most likely add SB longs if around 65/65.5 seen prior to that date.
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