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llyods tsb shares
Comments
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The market expects Lloyds to start paying a dividend in 2014.” - See more at: http://www.morningstar.co.uk/uk/news/111724/dividend-paying-stocks-of-the-future.aspx#sthash.6nsVpekE.dpuf"Look after your pennies and your pounds will look after themselves"0
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dealsearcher wrote: »Lloyds reported good profits but a further 750 million as contingency for PPI.
Lloyds reported a loss. That's what matters. PPI provision is now double original estimate and stands at £8 billion. So until the bad news stops dripping out, there will remain a degree of uncertainty.0 -
There is an almighty amount of spin used when they announce numbers.Thrugelmir wrote: »Lloyds reported a loss. That's what matters. PPI provision is now double original estimate and stands at £8 billion. So until the bad news stops dripping out, there will remain a degree of uncertainty.
Q3 shows a loss. Q3 YTD shows a profit. Underlying profit looks very rosey. Real hard nosed profit looks non-existent.
The price of the TSB IPO is something to consider carefully. I'd suggest the new TSB will be a "cleaner" share to hold than LBG.0 -
Thrugelmir wrote: »Lloyds reported a loss. That's what matters. PPI provision is now double original estimate and stands at £8 billion. So until the bad news stops dripping out, there will remain a degree of uncertainty.
http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=10&vw=fs&SecurityToken=0P000090RG]3]0]E0WWE$$ALL&Id=0P000090RG&ClientFund=0&CurrencyId=GBP
According to this 30 June 2013 shows a pre tax profit of £2.134 billion.
PPI provision may be higher. That is only a contingency in case it is needed. It hasn't been spent.0 -
dealsearcher wrote: »
PPI provision may be higher. That is only a contingency in case it is needed. It hasn't been spent.
If you've been following the banks since 2007/8. It's been an endless saga of ghosts from the past for many. The real issue is HBOS not the old Lloyds business. By my calculations HBOS is now in a total loss making position for the financial years 2002 - 2013. That's what's been dragging Lloyds down since the 2008 merger. Like RBS the business that's ultimately left is going to be far smaller and leaner (I'm including TSB within this). Then there's the additional capital that the group needs to find. So there's a while to go before Lloyds is operating normally again.0 -
opinions4u wrote: »The price of the TSB IPO is something to consider carefully. I'd suggest the new TSB will be a "cleaner" share to hold than LBG.
As I understand it, LBG will be retaining all these legacy issues such as PPI and TSB will have washed their hands of it all.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Page 4 of this link shows a £1.3bn post tax loss for Q3 2013.dealsearcher wrote: »http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=10&vw=fs&SecurityToken=0P000090RG]3]0]E0WWE$$ALL&Id=0P000090RG&ClientFund=0&CurrencyId=GBP
According to this 30 June 2013 shows a pre tax profit of £2.134 billion.
PPI provision may be higher. That is only a contingency in case it is needed. It hasn't been spent.
The YTD post tax profit of £280m is also on the same line.
http://www.lloydsbankinggroup.com/media/pdfs/investors/2013/2013Oct29_LBG_Q3_IMS.pdf0 -
If you are desperately in need of the cash, you will have to sell at a loss. Truth is no one knows what can happen with any stock, and with banks it seems one problem after another. But RBS seems to have more problems!
Check broker views as well, but you will see they are all varied. Some say sell, some say buy, some say hold.
Ultimately the choice is yours.0 -
opinions4u wrote: »Page 4 of this link shows a £1.3bn post tax loss for Q3 2013.
The YTD post tax profit of £280m is also on the same line.
That link doesn't seem to be available. This one shows a good profit for 2013 to date:
http://www.investegate.co.uk/News/lloyds-banking-group-raises-underlying-profit-by-136-/465831/
"Underlying profit increased by 136% to £4.426bn in the first nine months of 2013."0 -
dealsearcher wrote: »That link doesn't seem to be available. This one shows a good profit for 2013 to date:
http://www.investegate.co.uk/News/lloyds-banking-group-raises-underlying-profit-by-136-/465831/
"Underlying profit increased by 136% to £4.426bn in the first nine months of 2013."
Try this one.
http://www.lloydsbankinggroup.com/media/pdfs/investors/2013/2013Oct29_LBG_Q3_IMS.pdf
Post-tax profit line tells you what the bank retains in cold hard cash.0
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