Lloyds Banking Group (LLOY)

Sector:

Banking

Index:

FTSE 100

58.00p
   
  • Change Today:
    -0.45p
  • 52 Week High: 67.25
  • 52 Week Low: 48.58
  • Currency: UK Pounds
  • Shares Issued: 70,053m
  • Volume: 13,195,765
  • Market Cap: £40,630m
  • RiskGrade: 151

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 58.00p
Change Today -0.45p
% Change -0.77 %
52 Week High 67.25
52 Week Low 48.58
Volume 13,195,765
Shares Issued 70,053m
Market Cap £40,630m
RiskGrade 151

Lloyds Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.64% above the market average94.64% above the market average94.64% above the market average94.64% above the market average94.64% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
12.37% below the market average12.37% below the market average12.37% below the market average12.37% below the market average12.37% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
82.06% above the market average82.06% above the market average82.06% above the market average82.06% above the market average82.06% 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
24.11% above the market average24.11% above the market average24.11% above the market average24.11% above the market average24.11% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 6
Sell 2
Strong Sell 2
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
  Interim Final
Ex-Div 08-Aug-19 04-Apr-19
Paid 13-Sep-19 21-May-19
Amount 1.12p 2.14p

Trades for 20-Jan-2020

Time Volume / Share Price
10:20 6,591 @ 58.00p
10:20 2,556 @ 58.00p
10:20 2,842 @ 58.00p
10:20 5,365 @ 58.00p
10:20 2,828 @ 58.00p

Lloyds Key Personnel

Chair Norman Blackwell
COO Juan Colombás

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