Hi, I am a lgy investor since August 2013. Even when I am long in lgy, I am not a "sophisticated" investor. I mean, I can't understand what are you talking about. That is why I will really appreciate if you can explain with plain words the article and the impact in terms of short and long time.
Thanks in advance !
Tm, read article on $8billion in bond swaps - lyg to take $1.6 billion write-off in first half of 2014. Iam also, afraid the ppi selling scandal is not over.
Lyg announced another write-off of 1 billion pounds to shore up its tier 1 ratio. Can't take it any more. Bought in at 3.69 and was hoping for a strong dividend return this year. Not gonna happen. Have switched to HSBC which has a 5.3% projected div. this year. Wish all the lyg shareholders the best.
Unfortunately no. The correct JPM price target for LLOY, as reported by KWRB News and Analysis, is $1.56, vs the previous $1.38 target. I like your info much better!
I haven't bought, but just put in a buy order thru my 401k. This is a legacy institution and in the long-run (think 30 years retirement) this is going to do just fine.
Due to the HBOS acquisition, this would be a very difficult question to answer. In January (2009), as "the s%$# was hitting the fan," the British govt., orchestrated the acquisition of HBOS by Lloyds. HBOS was in major trouble due to them being the European lending equivalent of what IBM is to the computer world, having major loan default issues that they couldn't withstand. This makes your question difficult to equate because Lloyds was a major bank in England, but had a MUCH smaller market cap than HBOS. It would be like Texas Instruments acquiring IBM. To further muddy the issue - over the last 5 years, Lloyds has sold many parts of what it acquired from HBOS.
Wish I had a good answer to your question...been contemplating it for a few years now. That said, as the British Govt sells it shares, their economy continues to improve and they start paying dividends again - the price of the stock (even given the 10x increase in shares outstanding) will soar. In my opinion - this will be a very good return on investment over the next 1, 3 & 5 years.
Sentiment: Strong Buy
Doesn't it seem like doing a share buy back would be a better step the implementing the dividend right now? Or maybe a lower dividend and a stock buy back. Lyg is trading as a value stock IMHO but reducing the amount of the outstanding shares would only help bring more buyers to the table. Could the gov't sell back it shares to LYG directly?
IMHO today is a real opportunity to get into LYG for the explosive activity coming in the 2H:
1. Government selling off more of their stake
2. LYG return of a dividend
3. Continued Revenue Growth.
What is not to like. My Target price is $7.50 by year end..., just on what we know now and the return of the dividend.
Collins very smart guy, Ripplewood owns Kleinwort Benson and is buying German bank, trading discount to book value, news out today...stock down from MUCH higher (~$10)
Yeah, don't worry about the thumbs. I'm new here to, and I'm sure we're not the only novices present. I'm glad you asked the question; although I already knew there was no dividend at present, I hadn't realized what your question drew from mikemclaug, that there might be one this year. Good work!
Are you saying that upside has limited room? Bringing immigrants is as simple as creating catastrophes in their countries so they can flee to developed economies.
But you may have a point. Industrialized nations like Turkey, Russia or Mexico maybe going through a cycle of flat emigration decline. Not sure why many people still call these countries third world, is not like Iran is still calling the US the Great Satan anymore or they called Reagan that well earned name.