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Nadeem
Veteran Investor
Joined: 11 Jul 2004
Posts: 639
Cash Points ££ 13955.74
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 Posted: Sat Aug 27, 2005 1:04 am Post subject: LLOY - Lloyds TSB - Discussion Thread |
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Discuss news and views on Lloyds TSB here
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Lloyds TSB profits rise 7%
Strong growth in corporate and business banking has helped UK banking giant Lloyds TSB achieve a 7% rise in its first half profits. However, as the economy slows, investors have been voicing increased concerns about the impact of rising consumer debt.
Strong growth in corporate and business banking has helped UK banking giant Lloyds TSB achieve a 7% rise in its first half profits. However, as the economy slows, investors have been voicing increased concerns about the impact of rising consumer debt.
The bank's pre-tax profits for the first half of the year totaled GBP1.67 billion. Lloyds TSB said consumers were still borrowing money and an increase in lending, particularly in mortgages, credit cards and personal loans, helped increase pre-tax retail banking profits by 4% to GBP830m.
However, as the once lucrative consumer boom flattens out in the UK, investors are questioning the long-term implications of rising bad debts.
"We have seen some softening and deterioration in the unsecured book but we are quite comfortable," said Lloyds TSB chief executive Eric Daniels in a BBC interview. "We are seeing a slowdown but the consumer hasn't stopped dead by any means."
Average personal lending and credit card balances for the bank increased by GBP2 billion and average mortgage balances rose by GBP7.7 billion.
Lloyds TSB added that its market share in the key areas of consumer lending, mortgages, savings and insurance had remained steady, despite the highly competitive environment. |
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Quinn
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Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
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| Posted: Mon Sep 12, 2005 2:28 am Post subject: |
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Is there going to be a bid for lloyds or not ?
pays a good dividend though so can't complain  |
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Guest
Cash Points ££ 15.00
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| Posted: Sat Oct 29, 2005 6:41 pm Post subject: |
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£4.50 down from over £5... is it goign to go up again ?
Its a crap investment half where it was a few years back ! 
Wish I had sold out earlier in the year |
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Terry
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Posts: 12
Cash Points ££ 55.00
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| Posted: Mon Jan 16, 2006 9:43 am Post subject: |
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yep gone up a lot now its up over £5 !
Wish I had bought it back in october, esepcially given the big divended ! |
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cashrich
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Joined: 26 Jan 2005
Posts: 11
Cash Points ££ 55.00
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| Posted: Mon Feb 20, 2006 1:31 am Post subject: |
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LLOYs is very cheap on a PE basis at the low endof the sector !
Also theres a chance of a bid and throw in a 6% dividend this stock looks very cheap! |
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cashman
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Joined: 01 Oct 2004
Posts: 49
Cash Points ££ 140.00
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| Posted: Tue Feb 28, 2006 5:40 pm Post subject: |
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Also a good bid target 
if it falls some I will be addign some more |
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Shezz
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Cash Points ££ 348.80
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| Posted: Sun Mar 05, 2006 12:11 am Post subject: |
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It goes ex dividend on 8th march, so expect a fall afterwards.
The dvidend is pretty big at 23 1/2 pence ! |
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PKQ
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| Posted: Fri Apr 14, 2006 8:59 pm Post subject: |
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When does the next dividend get paid ?
Thanks |
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Wade
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Cash Points ££ 2569.94
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| Posted: Mon Apr 17, 2006 4:33 am Post subject: |
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| PKQ wrote: | When does the next dividend get paid ?
Thanks |
3rd may 2006 |
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Quinn
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Cash Points ££ 2817.02
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| Posted: Wed May 10, 2006 3:44 am Post subject: |
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Quinn
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| Posted: Sun May 14, 2006 5:00 pm Post subject: AGM Statement |
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Lloyds TSB Group PLC
11 May 2006
51/06 11 May 2006
Lloyds TSB Group Annual General Meeting Statement
Lloyds TSB Group is holding its annual general meeting in Glasgow today (11 May
2006). Mr Maarten van den Bergh will stand down at the end of this AGM, after
five years as Chairman. As previously announced, he will be succeeded by Sir
Victor Blank, who joined the Board on 1 March.
The following is an extract from the statement made by Eric Daniels, Group Chief
Executive:
'In the first few months of 2006 the Group has maintained good progress in the
delivery of its growth strategies. As a result, we are confident that we will
deliver a satisfactory performance for the half-year.
As this is the last AGM under the Chairmanship of Maarten van den Bergh, I am
taking this opportunity to record my appreciation of his major contribution to
the Group over the past five years. He has been a wonderful ambassador for the
Group and we wish him every success in this next stage of his career.
We are also delighted to welcome Sir Victor Blank to the Board, who will succeed
Maarten as our new Chairman following this meeting. Sir Victor brings
exceptional skills and knowledge, and his blend of retailing and financial
services experience will be invaluable to the Group.' |
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Dave
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| Posted: Mon May 15, 2006 5:44 pm Post subject: |
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Lloyds TSB's back down to £5, I will definetly buy them for the dividends if they fall any further, ,maube at £4.80 ?
How low do people think TSB could go ? |
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Wade
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Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
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| Posted: Tue Sep 05, 2006 12:07 am Post subject: |
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| Dave wrote: | Lloyds TSB's back down to £5, I will definetly buy them for the dividends if they fall any further, ,maube at £4.80 ?
How low do people think TSB could go ? |
Its not likely to fall much given the high dividend yeild, its currently at about £5.20, best to buy for the long- long term, since both upside and downside looks limited but the yeilds off sets capital gains. |
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Wade
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Joined: 17 Feb 2005
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Cash Points ££ 2569.94
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| Posted: Sun Sep 24, 2006 12:12 am Post subject: |
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Black horse dies, but the name lives on
HE BECAME a family favourite as he galloped across windswept beaches and clifftops during his 16-year advertising career for Britain’s fifth-biggest bank, Lloyds TSB.
The horse named Cancara was equally famous inside the bank and, in January 2003, Lloyds chose to name its fast-growing securitisation business after the emblematic graded black Trakehner stallion, who stood 16 hands high. But in a development that Lloyds will be hoping does not prove to be a bad omen for the ambitious expansion of its securitisation division, The Times can disclose that Cancara is no more.
The horse quietly passed away, aged 31, in June, after two years in retirement. He has not been replaced directly. Instead three horses, Dante, Tarantino and Imperator, are sharing the limelight.
Cancara made hundreds of public appearances, including at the Bafta Awards, the Fashion Awards and the BBC’s Children in Need appeal. Before he died he was said to be living at a stud in Hampshire with his owner, Graham Parker, a TV director.
The black horse symbol of Lloyds dates back to 1884, when the company took over two private banks in Lombard Street in the City of London. The Trakehner breed, established in East Prussia in 1732, was the first national horse breed of West Germany. |
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