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LLOYDS Banking team (Lese: Lloy) shares highly reduced in Monday afternoon (17 February). They lost 4.3% in a 15 minute space, but they were slowed back to finish the day at 2%. What happens?
Everything is about a loan-free loan car, and the efforts of Chancellor Rachel Rachel is trying to intervene. He previously wrote to the Supreme Court by caution that any difficult result can harm the access to the loan. And urged that “Any solution must be equal to the loss of the buyer suffer and avoid compiling air. “
Rejecting Court
The news was broken on Monday that the court had reduced the government’s approach.
But what does all this mean to llyds and other banks? Lloyds is not the only fall in response to news, as A group of close brothers finished the day with 8% slump. Nearby brothers, a very little lender, can face serious problems when they hit the responsibility.
This page FTTE 250 The company has sent the fried benefit of £ 100m after its final last year tax. And in Trading in November, Financial Director Mike Morgan spoke about “Important uncertainty from the FCA review of the arrangements for the vehicle’s financial financial commission. “
Lloys, with profit after tax of £ 5.5bn last year, apparently able to descend from any penalties without very long term damage. But it may be painful, and it can give shareholders who have long-suffering and other kicks.
What does it mean
What may drop on the lloyds heads and some are far from light. Some, however, raise complete penalties throughout the community up to £ 30bn.
The Board of Lloyds means a valuable with all this item. With each quarter update, the bank only means such things “No other charges in relation to FCA review of the provisions of the vehicle’s financial financial commission. “It is not a change from the setting of £ 450m announced with the results of 2023 years ago.
Managers must share their current thoughts in the right line of FY24 outdoors on Thursday (20 February). Shouldn’t he? I will not be alone in looking at what they say when it is released.
What Should We Do?
Options facing shareholders and investors are always the same. For me, there is nothing about any financial talk. Or any type of daily speculation in the results of the Prope, or short UPS and down to priced prices. No, it is about the actual effect of the court, a case from April. And I’m not sure that that will make a big difference to me.
We are looking for a reasonable price (P / e) an average of 9.7 year only. We can confirm or not on Thursday. Forecasters expect that money is earned in 2025, it presses the IP / e to 11 before the income receives will be 726 in 2026.
LLOYDS copes well with the accident selling a bank in the next few years, and I see that as a real long-term cycle. At modern times I think I will continue to catch my shares, whatever high court may decide.
I will expect the consequences to the court holds before I decide to buy more.
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