Lloyds Banking Group (LLOY)

Sector:

Banking

Index:

FTSE 100

34.40p
   
  • Change Today:
    -3.17p
  • 52 Week High: 67.25
  • 52 Week Low: 30.57
  • Currency: UK Pounds
  • Shares Issued: 70,427m
  • Volume: 357,109,872
  • Market Cap: £24,223m
  • RiskGrade: 339

Metro Bank surges as Lloyds said to consider bid

By Michele Maatouk

Date: Friday 01 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Metro Bank surged on Friday following a report that Lloyds Banking Group could be interested in making a bid for the challenger bank.
The Evening Standard cited a City source as saying that a deal could be done in the New Year.

"Any company that has to pay near-10% interest to raise funds is going to be vulnerable, especially if they are a bank," the source was quoted as saying.

The ES argued that a takeover by Lloyds makes sense given Metro's high funding costs and the fact that it's "a snip".

Neil Wilson, chief market analyst at Markets.com, said it had been well-rumoured for a while that a takeover was possible.

"Chief executive Donaldson wouldn't rule out a takeover the other day so that got tongues wagging again. Lloyds I guess makes sense out of all the big banks in Britain," he said.

"Vernon Hill could yet take it private though."

A trader said the acquisition of Metro Bank "wouldn't be a big deal for Lloyds given they are so capital-generative and they have bought a number of things recently (MBNA, Tesco) and they have much lower funding costs so could make it more profitable".

"Lloyds is also looking for SME businesses so it's a good fit," he said.

He added that there are question marks are over what else Lloyds would find after due diligence, whether the regulator will allow a deal and whether they would offer a premium to the current price.

"It's hard to take a view either way and the price move tells you more about the short interest levels in Metro than anything else," he said.

At 1355 GMT, Metro shares were up 11% at 224.20p and Lloyds shares were 0.6% higher at 57.13p.

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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.

 

Lloyds Market Data

Currency UK Pounds
Share Price 34.40p
Change Today -3.17p
% Change -8.43 %
52 Week High 67.25
52 Week Low 30.57
Volume 357,109,872
Shares Issued 70,427m
Market Cap £24,223m
RiskGrade 339

Lloyds Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.71% above the market average96.71% above the market average96.71% above the market average96.71% above the market average96.71% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
48.81% below the market average48.81% below the market average48.81% below the market average48.81% below the market average48.81% 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
73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Growth
23.95% below the market average23.95% below the market average23.95% below the market average23.95% below the market average23.95% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average

What The Brokers Say

Strong Buy 12
Buy 1
Neutral 5
Sell 3
Strong Sell 1
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Lloyds Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Apr-20 08-Aug-19
Paid 27-May-20 13-Sep-19
Amount 2.25p 1.12p

Trades for 27-Mar-2020

Time Volume / Share Price
18:18 63,159,000 @ 35.50p
17:06 25,000 @ 34.40p
16:35 143 @ 34.40p
16:35 73,939,494 @ 34.40p
16:33 264,385 @ 34.35p

Lloyds Key Personnel

Chair Norman Blackwell
COO Juan Colombás

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