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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group PLC    LLOY   GB0008706128

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Lloyds Banking : Treasury banks £900m profit on Lloyds but action group seethes

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05/18/2017 | 07:11am CEST

A GROUP of more than 6,000 shareholders suing Lloyds Banking Group yesterday condemned the government for "gloating" about its profit from selling off the lender.

Lloyds returned to full private ownership yesterday. It received a £20.3bn taxpayer bailout in 2008 but now the Treasury can claim a profit of £900m, having received £21.2bn from the shares it sold.

Chancellor Philip Hammond welcomed the news, and sent Lloyds' share price up three per cent to 72p.

The Lloyds-HBOS shareholder action group said in a statement: "It is disgraceful that the government is gloating about making a profit from selling its stake in Lloyds, while ordinary people, some of whom were employed by Lloyds and encouraged to buy Lloyds TSB shares as part of their pension, have still after 10 years not been compensated for bailing out HBOS."

(c) 2017 City A.M., source Newspaper

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Financials ( GBP)
Sales 2017 17 897 M
EBIT 2017 8 624 M
Net income 2017 3 922 M
Debt 2017 -
Yield 2017 5,55%
P/E ratio 2017 13,00
P/E ratio 2018 11,48
Capi. / Sales 2017 2,90x
Capi. / Sales 2018 2,86x
Capitalization 51 858 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 0,72  GBP
Spread / Average Target -0,60%
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Managers
NameTitle
António Horta-Osório Group Chief Executive Officer & Executive Director
Norman Roy Blackwell Chairman
Karin Cook Director-Group Operations
George Mark Culmer Chief Financial Officer & Executive Director
Anita Margaret Frew Deputy Chairman
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