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Lloyds Banking Group PLC Add to portfolio

LON100:LLOY, Apr 21, 06:54 UTC

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Why I believe the Lloyds share price is far too cheap

LLOY

I believe the Lloyds(LSE: LLOY) share price is still far too cheap even after rising nearly 200% excluding dividends from its low of 22.2p printed at the end of 2011. It seems that, to some extent, the market still considers Lloyds to be a recovery play, and it is valuing it as such. But this is an incorrect interpretation of where the business is today and what it has achieved over the past decade. Indeed, today Lloyds is one of the most efficient and profitable banks in the whole of Europe and barring any significant unforeseen shocks, it is set to continue on this course for the foreseeable future. Add all of the above together and it quickly becomes apparent how undervalued the shares are today. Assuming the Lloyds share price valuation remains the same through 2020, if profits grow by 25% as targeted, I calculate the shares could be worth 83p, around 25% above current levels. If we throw dividends into the mix, the returns are set to be even higher.

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[$$] TSB to sever last of its links to Lloyds Banking Group

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TSB is finally cutting the last of its links to Lloyds Banking Group this weekend, completing its separation from the group’s technology systems almost five years — and hundreds of millions of pounds in ...

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finance.yahoo.com
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Current account cuts: Lloyds and Bank of Scotland reduce rates by 25pc

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The Lloyds Platinum account, for example, which includes other services such as mobile phone and breakdown cover, will rise from £17 to £19 per month. The banking group did not explain the changes, but said it regularly reviews its accounts. Andrew Hagger of Moneycomms, the personal finance site, said Lloyds' announcement was "bad news" and customers should use these "big changes" as a trigger to see if they could get a better deal elsewhere. It insists its current account remains good value and competitive. But Mr Hagger said there were better accounts elsewhere. For example, Nationwide's Flexplus packaged account costs £13 a month and it pays 3pc interest on balances up to £2,500. Customers also get worldwide family travel and mobile phone insurance, as well as UK and European breakdown and recovery assistance. But packaged bank accounts are only worthwhile if you use all the benefits. If you're looking for a high interest current account, Santander pays 1.5pc on balances up to £20,000 and 3pc cashback on household bills.

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HBOS whistleblower says Barclays case tells others 'don't bother'

LLOY BARC

HBOS whistleblower says Barclays case tells others 'don't bother'. LONDON, April 20 (Reuters) - British whistleblowers will be less likely to speak out, now that the chief executive of Barclays (LSE: BARC.L - news) has been allowed to keep his job after trying to unmask an informant at the bank, another whistleblower and the head of a support group said on Friday. The investigation of Staley was considered the first big test of the "senior managers regime", set up to hold top bankers accountable after few were punished for their roles in bank collapses during the financial crisis, and initiatives to encourage and protect whistleblowers. "Whistleblowers around the financial services sector, I'm sure, would have been watching this and making a decision as to whether or not they feel safe and protected, and able therefore to make their disclosures," said Georgina Halford-Hall, chief executive of Whistleblowers UK.

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Wednesday, April 18


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Lloyds Banking Group (LYG) Presents At IoT Tech Expo Global - Slideshow - Lloyds Banking Group plc (NYSE:LYG)

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Lloyds Banking Group (LYG) Presents At IoT Tech Expo Global - Slideshow. Apr. 18, 2018 5:06 PM•LYG. The following slide deck was published by Lloyds Banking Group plc in conjunction with this event. About this article:. Includes:. Lloyds Banking Group plc (LYG). Recommended for you:. SA Stock Market news.

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seekingalpha.com
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Lloyds Banking Group plc (LON:LLOY) Is Trading At A 32% Discount

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'This is because the rules banks face are different to other companies, which can impact the way we forecast their cash flows.', 'Examining elements such as book values, in addition to the return and cost of equity, is practical for computing LLOY’s intrinsic value.', 'Below we’ll take a look at how to value LLOY in a fairly accurate and easy approach.', 'This means the Excess Returns model is best suited for calculating the intrinsic value of LLOY rather than the traditional discounted cash flow model, which has more emphasis on things like capital expenditure and depreciation. How Does It Work?'

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finance.yahoo.com
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Lloyds slashes more jobs and people as fintech is deployed battle of the cost bases - Fintech makes the world go around

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'A bank based on a mobile app, a car maker that rents out cars rather than selling them, and somebody renting their spare room all have something in common - they rely on fintech to work.', 'In response to this, we have confirmed the locations of some branches which will close next year across Lloyds Bank, Halifax and Bank of Scotland.”.', 'Leading fintech industry figure Anne Boden told the audience at the recent Innovate Finance fintech event that the big battle in banking involves the cost base rather than innovation.', 'Figures from the European Banking Federation (EBF), which include the UK, revealed more than 9,000 bank branches were closed across Europe in 2016, and more than 50,000 people working at those banks lost their jobs.'

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computerweekly.com
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Tuesday, April 17


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Lloyds Banking Group to axe 305 jobs and 49 more branches in Britain

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LONDON (Reuters) - Lloyds Banking Group will cut 305 jobs and close 49 branches in Britain, the latest in a series of reductions to its workforce and network as it promotes its digital services. Lloyds said the plan reflected changes in customer behaviour, with more people using digital services than branches, which are costly to maintain . Banks in Britain have between them slashed thousands of branches in recent years to cut costs, drawing criticism from lawmakers who say closures can leave rural communities without a single bank branch. The latest job losses at Britain's biggest bank follow an announcement in February that Lloyds cut 465 roles in January.

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Lloyds Banking Group to axe 305 jobs and 49 more branches in Britain

LLOY

Lloyds said the plan reflected changes in customer behaviour, with more people using digital services than branches, which are costly to maintain . Lloyds said in February it would invest 3 billion pounds over three years in such digital initiatives, but had not said how many branches or jobs it would axe as part of the cost-cutting strategy. Banks in Britain have between them slashed thousands of branches in recent years to cut costs, drawing criticism from lawmakers who say closures can leave rural communities without a single bank branch. The latest job losses at Britain's biggest bank follow an announcement in February that Lloyds cut 465 roles in January.

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Lloyds Banking Group to cut 305 jobs

LLOY

The Independent17 April 2018. Lloyds Banking Group has said it is cutting a further 305 jobs as part of its plans to axe 49 branches across the UK. The group had revealed the closures last year, but at the time announced plans to cut fewer than 100 jobs. Where it is necessary for employees to leave the company, we will look to achieve this by offering voluntary redundancy. Accord and Unite were consulted prior to this announcement and will continue to be consulted.

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