Lloyds TSB Group PLC | StockChase
139
Lloyds TSB Group PLC (LYG-N)

Last Price Recorded: $3.6000 on 2017-12-15

ON STOCKCHASE SINCE Aug 2006

banks
139
Lloyds TSB Group PLC (LYG-N)

Last Price Recorded: $3.6000 on 2017-12-15

ON STOCKCHASE SINCE Aug 2006


Lloyds TSB Group PLC


Signal Opinion Expert
SPECULATIVE BUY
Lloyds TSB Group PLC(LYG-N) 

November 20, 2017

The BREXIT effect will not have predictable impacts.  He has heard news that May is looking to increase divorce payments.  Until we know how BREXIT will turn out it is hard to say what it will do to the British economy.  This one is trading relatively low to book value.  It is starting to show enough discount to show the BREXIT risk.  It is an interesting investment if you are up to the risk.

banks

The BREXIT effect will not have predictable impacts.  He has heard news that May is looking to increase divorce payments.  Until we know how BREXIT will turn out it is hard to say what it will do to the British economy.  This one is trading relatively low to book value.  It is starting to show enough discount to show the BREXIT risk.  It is an interesting investment if you are up to the risk.

banks
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Asso...

PricePrice
$3.550
Owned Owned
Yes

COMMENT
Lloyds TSB Group PLC(LYG-N) 

November 2, 2017

ING (ING-N) or LLOYDS (LYG-N)?This is predominantly a retail bank in the UK, and ING is predominantly a retail bank in the Netherlands. ING actually had to sell off a lot of businesses. Lloyds is a great business with a great return on equity, and trading well above BV, and is much more fully valued. ING is probably the stock to own over the next little while. They've taken a lot of costs out, and you should see a growth in earnings.

banks

ING (ING-N) or LLOYDS (LYG-N)?This is predominantly a retail bank in the UK, and ING is predominantly a retail bank in the Netherlands. ING actually had to sell off a lot of businesses. Lloyds is a great business with a great return on equity, and trading well above BV, and is much more fully valued. ING is probably the stock to own over the next little while. They've taken a lot of costs out, and you should see a growth in earnings.

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$3.630
Owned Owned
Unknown

COMMENT
Lloyds TSB Group PLC(LYG-N) 

October 19, 2017

Hold this or buy a US bank instead?Had owned this, but owns US banks now. Because of BREXIT, there is no question that there is a certain amount of uncertainty. Thinks the EU is going to be very reluctant to allow the UK to get away with some favourable trade terms, as there may be an Italian political party that wants to separate also.

banks

Hold this or buy a US bank instead?Had owned this, but owns US banks now. Because of BREXIT, there is no question that there is a certain amount of uncertainty. Thinks the EU is going to be very reluctant to allow the UK to get away with some favourable trade terms, as there may be an Italian political party that wants to separate also.

banks
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$3.590
Owned Owned
No

COMMENT
Lloyds TSB Group PLC(LYG-N) 

October 13, 2017

The overriding issue for them is that it is very much a UK centric story. In the context of a BREXIT, there is likely to be some downside on GDP growth for the UK economy, maybe 5% per year for 4 or 5 years until everything normalizes. Thereafter, there might be some growth. In the interim, you will likely see higher interest rates for banks, but you will see contracting earnings opportunities. You want to look at banks that have UK exposure, but also outside growth. He would suggest looking at HSBC Holdings (HSBC-N) or Banco Santander (SAN-N).

banks

The overriding issue for them is that it is very much a UK centric story. In the context of a BREXIT, there is likely to be some downside on GDP growth for the UK economy, maybe 5% per year for 4 or 5 years until everything normalizes. Thereafter, there might be some growth. In the interim, you will likely see higher interest rates for banks, but you will see contracting earnings opportunities. You want to look at banks that have UK exposure, but also outside growth. He would suggest looking at HSBC Holdings (HSBC-N) or Banco Santander (SAN-N).

banks
Darren Sissons

Vice President and Partner, Campbell Lee & Ross...

PricePrice
$3.580
Owned Owned
Unknown

COMMENT
Lloyds TSB Group PLC(LYG-N) 

September 29, 2017

Over the past year, this has done quite well. They brought the dividend back and increased it. As a domestic UK bank, they are sticking to their knitting.

banks

Over the past year, this has done quite well. They brought the dividend back and increased it. As a domestic UK bank, they are sticking to their knitting.

banks
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$3.660
Owned Owned
Unknown

WATCH
Lloyds TSB Group PLC(LYG-N) 

September 11, 2017

Most global banks have been freshly recapitalized. The challenge is that you may be able to get it cheaper. They are starting to enter serious negotiations of BREXIT. The last substantive discussions was when the British pound sold off substantially. Watch the stock and watch for some currency weakness for the pound relative to the Cdn$. If it drops, take a real close look at it. This is a UK Centric story, so you won’t necessarily get a lot of benefit from loan growth across continental Europe, and you might have dead money for 2 years. In any case, it is a good solid story and rising interest rates will help.

banks

Most global banks have been freshly recapitalized. The challenge is that you may be able to get it cheaper. They are starting to enter serious negotiations of BREXIT. The last substantive discussions was when the British pound sold off substantially. Watch the stock and watch for some currency weakness for the pound relative to the Cdn$. If it drops, take a real close look at it. This is a UK Centric story, so you won’t necessarily get a lot of benefit from loan growth across continental Europe, and you might have dead money for 2 years. In any case, it is a good solid story and rising interest rates will help.

banks
Darren Sissons

Vice President and Partner, Campbell Lee & Ross...

PricePrice
$3.370
Owned Owned
Unknown

DON'T BUY
Lloyds TSB Group PLC(LYG-N) 

August 11, 2017

There are a couple of things to think about. First of all, you’ve got BREXIT risk. The pound took a nasty drop 3 or 4 months ago. From a Cdn$ point of view that would have been a great opportunity. Right now, the pound has strengthened quite a bit and he doesn’t see this bank as an opportunity.

banks

There are a couple of things to think about. First of all, you’ve got BREXIT risk. The pound took a nasty drop 3 or 4 months ago. From a Cdn$ point of view that would have been a great opportunity. Right now, the pound has strengthened quite a bit and he doesn’t see this bank as an opportunity.

banks
Darren Sissons

Vice President and Partner, Campbell Lee & Ross...

PricePrice
$3.400
Owned Owned
Unknown

COMMENT

Lloyds Bank (LYG-N) or ING Groep (ING-N)? Both did very well coming out of the chute from when they were partially nationalized by the British government. Management made this one more retail oriented and got rid of non-core businesses. This is probably a little more expensive than ING.

banks

Lloyds Bank (LYG-N) or ING Groep (ING-N)? Both did very well coming out of the chute from when they were partially nationalized by the British government. Management made this one more retail oriented and got rid of non-core businesses. This is probably a little more expensive than ING.

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$3.480
Owned Owned
Unknown

COMMENT

Lloyds (LYG-N) or ING (ING-N)? He would favour ING, the Dutch insurer, over Lloyds. In the UK, Lloyds has had a big restructuring coming out of the financial crisis, and clearly that is now behind it. The problem is the political and economic uncertainty background in the UK.

banks

Lloyds (LYG-N) or ING (ING-N)? He would favour ING, the Dutch insurer, over Lloyds. In the UK, Lloyds has had a big restructuring coming out of the financial crisis, and clearly that is now behind it. The problem is the political and economic uncertainty background in the UK.

banks
Jim McGovern

CEO, Arrow Capital Manage...

PricePrice
$3.660
Owned Owned
Unknown

DON'T BUY

He has no exposure to the UK banks.  This one has excellent management, but he is concerned with the uncertainty with BREXIT.  He would prefer to stay away from UK banks.  BREXIT could be ugly for the UK.  He can find banks elsewhere to own.

banks

He has no exposure to the UK banks.  This one has excellent management, but he is concerned with the uncertainty with BREXIT.  He would prefer to stay away from UK banks.  BREXIT could be ugly for the UK.  He can find banks elsewhere to own.

banks
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Asso...

PricePrice
$3.330
Owned Owned
No

COMMENT

Primarily a retail bank in the UK. Sold off a lot of non-core assets. There are 2 things holding back the stock. The UK owns a position, and have to sell it off. Also, the stock ran up a lot and was well ahead of itself, so has pulled back. A great business and a great company and incredibly well run.

banks

Primarily a retail bank in the UK. Sold off a lot of non-core assets. There are 2 things holding back the stock. The UK owns a position, and have to sell it off. Also, the stock ran up a lot and was well ahead of itself, so has pulled back. A great business and a great company and incredibly well run.

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$3.170
Owned Owned
Unknown

WEAK BUY

The government has just about sold its stake in this equity.  The underlying business was strong when the stock got wiped out.  Now that the government has got rid of its stake, it is doing pretty well.  The underlying business is doing quite well.  You might see some devaluation of the currency, however. 

banks

The government has just about sold its stake in this equity.  The underlying business was strong when the stock got wiped out.  Now that the government has got rid of its stake, it is doing pretty well.  The underlying business is doing quite well.  You might see some devaluation of the currency, however. 

banks
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$3.180
Owned Owned
Unknown

HOLD

This has been in a bit of a turnaround situation. Loan growth is falling. Deposit growth is falling. Net interest income growth is plummeting. ROE is only at 5%. Dividend yield of 3.7%.

banks

This has been in a bit of a turnaround situation. Loan growth is falling. Deposit growth is falling. Net interest income growth is plummeting. ROE is only at 5%. Dividend yield of 3.7%.

banks
David Driscoll

President & CEO, Liberty Internationa...

PricePrice
$3.430
Owned Owned
Unknown

COMMENT

A purely commercial/retail banker in the UK. They understand how to do retail very, very well. Secondly, they’ve exited a lot of their other businesses and became a solely UK bank. Very cost effective bank. Management is very strong and are going to continue to increase dividends. This is a great story.

banks

A purely commercial/retail banker in the UK. They understand how to do retail very, very well. Secondly, they’ve exited a lot of their other businesses and became a solely UK bank. Very cost effective bank. Management is very strong and are going to continue to increase dividends. This is a great story.

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$3.380
Owned Owned
Unknown

COMMENT
Lloyds TSB Group PLC(LYG-N) 

January 31, 2017

When he thinks of financial exposure, he prefers US banks, as he expects an increase in consumer and corporate loan growth, which is necessary for the US economy to chug along in 2017-2018. Looking at some of the international banks, he worries that there is a lot of uncertainty, especially with BREXIT and the triggering of article 50 and the potential political risk in Europe with national elections happening in France and Germany.

banks

When he thinks of financial exposure, he prefers US banks, as he expects an increase in consumer and corporate loan growth, which is necessary for the US economy to chug along in 2017-2018. Looking at some of the international banks, he worries that there is a lot of uncertainty, especially with BREXIT and the triggering of article 50 and the potential political risk in Europe with national elections happening in France and Germany.

banks
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$3.320
Owned Owned
No

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