LLOY LN
Lloyds Banking Group PLC
Finance/Real Estate
01/30/2014
Presented
| Date | 01/22/2014 |
| Price | £0.81 |
| Market Cap | $86.70B |
| Ent Value | $86.72B |
| P/E Ratio | 4885x |
| Book Value | £0.58 |
| Div Yield | N/A |
| Shares O/S | 71,391.86M |
| Ave Daily Vol | 115,800,000 |
| Short Int | N/A |
Current
| Price | £0.60 |
| Market Cap | $56.56B |
| Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. The Retail division provides a range of retail financial service products, including current accounts, savings, personal loans, credit cards, and mortgages under the Lloyds TSB, Halifax, Bank of Scotland, and Cheltenham & Gloucester brands. It also distributes general insurance and bancassurance; and sells long-term savings, investment, and general insurance products. The Commercial Banking division provides banking and related services to business clients, from small and medium-sized enterprises to major corporate and financial institutions. The Wealth, Asset Finance, and International division offers private banking and asset management and asset finance; and operates international retail businesses. The Insurance division provides long-term savings, protection, and investment products through the bancassurance, intermediary, and direct channels of the Lloyds TSB, Halifax, Bank of Scotland, and Scottish Widows brands; and life, pensions, and investment products under the Heidelberger Leben and Clerical Medical brands. This division also offers general insurance to personal customers through the branch network, direct channels, and strategic corporate partners, as well as is involved in the brokerage of personal and commercial insurances. This division operates primarily under the Lloyds TSB, Halifax, and Bank of Scotland brands. The company was formerly known as Lloyds TSB Group plc and changed its name to Lloyds Banking Group plc in January 2009. Lloyds Banking Group plc was founded in 1985 and is headquartered in London, United Kingdom. |
Please note, this idea was updated on 4/2/2014 and can be read here: Long - Lloyds Banking Group plc (LLOY LN). As well, this idea was updated again on 9/22/2014 and can be read here: Long - Lloyds Banking Group plc (LLOY LN).
Highlights
The presenter believes the timing might be right to increase exposure to the UK banking sector. He was unsure of the level of UK regulatory risk and how much capital the banks might need due to a shaky economy, but after performing his due diligence and meeting with Lloyd’s Group Chief Executive Antonio Horta-Osorio (former Grupo Santander) he became comfortable enough with the story to establish a position.
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