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Lloyds TSB Group(LLOY)

Sector:

Banks

Index:

FTSE 100

Market Cap

£17,267m

Change Today

Price Up18.00p

Share Price

303.75p

LLOY Overview

At one time in the nineties Lloyds was among the biggest banks in Europe having embarked on a multitude of deals, the largest being the merger of Lloyds and TSB in 1995. Having also taken over Cheltenham & Gloucester and life insurer Scottish Widows, Lloyds TSB changed its tack by disposing much of its overseas operations to concentrate on its core markets. The group was thwarted in its ambitions though when regulatory authorities stopped a potential merger with Abbey National.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 12.6% 12.3%
Div Cover 1.6 1.3
Op Mrgn 21.9% 33.9%
ROCE 45.2%  

Valuation

Latest F'cast
P/E 4.9 5.8
PEG 0.3 n/a
Pr/Revenue 0.9 1.4
Pr/Book 1.3  

Growth

Latest F'cast
Revenue -7.3% -37.0%
PBT -5.8% -2.7%
EPS 16.8% -15.4%
DPS 5.0% 2.6%

LLOY Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a9,908.00 a4,348.00 58.30p 7.7 0.1 +82% 34.20p 7.6%
31-Dec-04 19,283.00 3,477.00 42.80p 11.1 n/a -27% 34.20p 7.2%
31-Dec-05 22,726.00 3,820.00 44.60p 11.0 2.7 +4% 34.20p 7.0%
31-Dec-06 19,673.00 4,248.00 49.90p 11.5 1.0 +12% 34.20p 6.0%
31-Dec-07 18,228.00 4,000.00 58.30p 8.1 0.5 +17% 35.90p 7.6%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

LLOY Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 11,479.71 3,892.85 49.30p 5.8 n/a -15% 36.85p 12.3%
31-Dec-09 12,267.58 4,143.71 52.51p 5.4 0.8 +6% 37.87p 12.7%

Covering analysts: ABN AMRO, Bayerische Landesbank, BBVA, Charles Stanley & Co, Citigroup Investment Research, Collins Stewart, Credit Suisse, Deutsche Bank Research, ESN-NCB Stockbrokers, Goldman Sachs, Hichens, Harrison & Co, HSBC Securities, IIR Group, Lehman Bros, Merrill Lynch, Morgan Stanley, Panmure Gordon, Shore Capital Stockbrokers, Société Générale, Standard & Poors, UBS, WestLB Equity Markets, Zurcher Kantonalbank

LLOY Company Announcements

Director Declaration 08-Jul-2008 15:39 RNS
Rule 8.3 - Rio Tinto 08-Jul-2008 15:01 BW
Rule 8.3 - Cable & Wireless 08-Jul-2008 14:59 BW

LLOY ShareCast News

London midmorning: Most enjoy mid-week rally 09-Jul-2008 ShareCast
London afternoon: M&S leads fightback 08-Jul-2008 ShareCast
London midday: Recession fears hit shares 08-Jul-2008 ShareCast

LLOY Top Newspaper Links

Investors rally to Bradford & Bingley amid fears... 09-Jul-2008 Times
B&B's troubles make savers nervous as shares tum... 09-Jul-2008 The Independent
Economic fears lead to slump in confidence 09-Jul-2008 The Independent

Latest LLOY Director Deals

Traded Action Notifier PriceAmountValue
20-Jun-08 Transfer From Helen A Weir 0.000p 9 £0.00
20-Jun-08 Buy Helen A Weir 331.10p 38 £125.82
20-Jun-08 Transfer From Truett Tate 0.000p 9 £0.00

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

LLOY Market Data

Currency UK Pounds
Share Price 303.75p Price Up
Change Today +18.00p
52 Week High 572.00p
52 Week Low 285.75p
Volume 25,755,458
Shares Issued 5,685m
Market Cap £17,267m
Beta 1.40
RiskGrade 221

LLOY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.08% above the market average86.08% above the market average86.08% above the market average86.08% above the market average86.08% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
54.99% below the market average54.99% below the market average54.99% below the market average54.99% below the market average54.99% below the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Income
91.85% above the market average91.85% above the market average91.85% above the market average91.85% above the market average91.85% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Growth
84.57% below the market average84.57% below the market average84.57% below the market average84.57% below the market average84.57% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average

What The Brokers Say

Strong Buy 7
Buy 3
Neutral 8
Sell 2
Strong Sell 5
Total 25
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LLOY Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Mar-08 08-Aug-07
Paid 07-May-08 03-Oct-07
Amount 24.70p 11.20p

Trades for 09-Jul-2008

Time Volume / Share Price
11:17 1,086 @ 303.75p
11:17 1,014 @ 303.75p
11:17 1,645 @ 304.00p
11:17 686 @ 303.75p
11:16 1,600 @ 303.75p

LLOY Key Personnel

CEO J Eric Daniels
Chair Victor Blank

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