LLoyds shares - Tory 'offer'

wary

LLOY up 7.5% so far today :-)

steelbru

They have stated publicly in the past that they aim to pay at least 50% of any profit in dividends, rumours are that the CEO told some investors 60-70%.

So if they can repeat q1 profit for the remainder of year, then approx £6bn annual profit, with 71bn shares, gives about 8.4p profit per share, so maybe at least 4p per share in dividends ? At 80p share price then 5%.

That should get all the high income funds buying in, plus with the govt sell off in sight, then SP looks like it will only go up from here...........until the next scandal hits of course ;-)

wary

steelbru wrote: »

They have stated publicly in the past that they aim to pay at least 50% of any profit in dividends, rumours are that the CEO told some investors 60-70%.

So if they can repeat q1 profit for the remainder of year, then approx £6bn annual profit, with 71bn shares, gives about 8.4p profit per share, so maybe at least 4p per share in dividends ? At 80p share price then 5%.

That should get all the high income funds buying in, plus with the govt sell off in sight, then SP looks like it will only go up from here

Looks like I'll be able to retire early then ...:j

steelbru wrote: »

...........until the next scandal hits of course ;-)

... or maybe not

veryintrigued

Some very strong performance on these shares recently.

Expecting a bit of a government sell off imminently anyone?

Atreyu107

Not with Brexit on the horizon.

If we're leaving, shares will be hit for a while, delaying a sell-off for at least a year.

If we're staying (and I sincerely hope not), then maybe August/September?

veryintrigued

Atreyu107 wrote: »

Not with Brexit on the horizon.

If we're leaving, shares will be hit for a while, delaying a sell-off for at least a year.

If we're staying (and I sincerely hope not), then maybe August/September?

Apologies I should have been a little more descriptive - I meant a further small selling off not the full sell off to the public - esp now that the price is close to the 73.6 (average) threshold for profit.

Thrugelmir

veryintrigued wrote: »

Apologies I should have been a little more descriptive - I meant a further small selling off not the full sell off to the public - esp now that the price is close to the 73.6 (average) threshold for profit.

What % is still held? Must be quite low by now.

veryintrigued

Thrugelmir wrote: »

What % is still held? Must be quite low by now.

10% I think - with the last sale being 1%.

veryintrigued

I wonder if The Guardian are thinking the same as I?

https://www.theguardian.com/business/2016/may/25/lloyds-banking-group-share-price-osborne