I was right about the Lloyds share price. Here’s my outlook now

first_img Image source: Getty Images. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Jonathan Smith | Wednesday, 19th May, 2021 | More on: LLOY I was right about the Lloyds share price. Here’s my outlook now Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Back in March, I wrote a piece where I stated that I thought Lloyds Banking Group (LSE:LLOY) shares could reach 50p. At the time, it was trading about 25% below this level. If we fast-forward to today, the Lloyds share price is currently trading around 48p, so almost at the target level. I will admit that my outlook was for 50p to be hit later this year, and that the move towards this level has come at a quicker pace than I expected. So what does this mean for the bank for the rest of the year?The reasons for the rallyThe movement higher in the Lloyds share price over the past couple of months has been very sharp. This can be put down to a couple of different reasons.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Firstly, first-quarter results built on the full-year results that were released in February. The full-year results were positive, with the icing on the cake being the resumption of a small dividend. Investors were keen to see whether Q1 results would continue this momentum.In my opinion, it did. Underlying profit came in at £2.07bn, up 58% from Q4 2020. It was also considerably higher than Q1 of 2020, although given the pandemic impact I don’t judge it against this figure. Aside from quarterly results, the rising inflation expectations have also been a benefit to the Lloyds share price. Although this has been a negative for companies with heavy debt loads, it’s been a positive for the bank’s business model. Higher inflation should lead to higher interest rates from the Bank of England. This will filter through to the net interest margin that the bank makes. The higher the interest rates, the larger the difference between the rate the bank charges (lends) and pays (deposits).My outlook for the Lloyds share priceI do think the rally in the Lloyds share price close to 50p has been warranted. A 25% move in three months is a lot, and it’s up 64% over one year. So I do think there will come a point when all the good news is priced in to the stock.I don’t think we’re there yet though. For example, I think there is upside potential surrounding the future dividend payout. More information on this is due at the half-year results. If the outlook is for the bank to resume to a higher payout policy into next year, then I think the Lloyds share price could rally.Another reason for my positive outlook is the indirect benefit the bank will get from further easing of lockdown restrictions. It’ll take time for consumer spending and business investment to properly resume. When it does, Lloyds will undoubtedly benefit as it’ll be the facilitator in these transactions.The main risk to my view is that the above events don’t happen as quickly as I expect. Rates could be kept low for years to come, and the recovery in the economy could take longer as well. In this case, the trend higher in the Lloyds share price could stagnate.Overall, I have enough exposure to banking stocks at the moment, but if I didn’t then I would look to buy Lloyds shares. See all posts by Jonathan Smithlast_img read more

City Council Meeting February 26, 2018

first_imgEVANSVILLE CITY COUNCILFEBRUARY 26, 2018 At 5:30 P.M.AGENDA XI.ADJOURNMENT A.RESOLUTION C-2018-06 A Confirming Resolution of the Common Council of the City of Evansville Declaring an Economic Revitalization Area for Property Tax Phase-In for the Acquisition and Installation of Manufacturing Equipment at 101 Oakley Street Evansville, IN 47710 (Berry Global and its subsidiaries) Sponsor(s): Weaver Discussion Led By: Finance Chair Weaver 2/26/2018 F.ORDINANCE F-2018-02 An Ordinance of the Common Council of the City of Evansville Approving the Annual Community Development Plan and Appropriating Community Development Block Grant, Emergency Solutions Grant and Home Investment Partnership Program Grant Funds Sponsor(s): Weaver Discussion Led By: Finance Chair Weaver 3/12/2018 4:30 p.m. Notify: Kelley Coures, Dept. of Metropolitan Development MEMO Attachment: F.ORDINANCE R-2017-28 An Ordinance to Rezone Certain Real Estate in the City of Evansville, State of Indiana, More Commonly Known as 1108 Stanley Avenue Petitioner: Lewis Tuggle Owner: Lewis Tuggle Requested Change: M2 to R3 Ward: 3 Hayden Representative: Lewis Tuggle AGENDA Attachment: R-2017-28 Attachment: C.ADDITIONAL MISCELLANEOUS BUSINESS R-2017-25 Attachment: C-2018-03 Attachment: B.RESOLUTION C-2018-07 A Resolution of the Common Council of the City of Evansville Reduction in the Speed Limit Along North Main Street Between Division Street and West Morgan Avenue Sponsor(s): Mosby Discussion Led By: Public Works Chair Mosby 2/26/2018 Notify: Kelley Coures, Dept. of Metropolitan Development G-2018-09 Attachment: G-2018-08 Attachment: D.ORDINANCE G-2018-09 An Ordinance Creating Section 2.10.005 (Common Council Term Limits) of the Evansville Municipal Code Sponsor(s): Elpers Discussion Led By: ASD Chair Adams 3/12/2018 I.INTRODUCTION E.ORDINANCE F-2018-01 An Ordinance of the Common Council of the City of Evansville Authorizing Transfers of Appropriations, Additional Appropriations and Repeal and Re-Appropriation of Funds for Various City Funds Sponsor(s): Weaver Discussion Led By: Finance Chair Weaver 3/12/2018 C-2018-07 Attachment: IX.MISCELLANEOUS BUSINESS F-2018-02 Attachment: D.RESOLUTION C-2018-03 Resolution Authorizing the City of Evansville, Indiana to Execute and Deliver a Second Supplemental and Amendatory Loan Agreement in Connection with Its Economic Development Revenue Note, Series 2013 (University of Evansville Project) and Approving and Authorizing Other Actions in Respect Thereto Sponsor(s): Weaver Discussion Led By: Finance Chair Weaver 2/26/2018 VII.REGULAR AGENDA:  SECOND READING OF ORDINANCES AND RESOLUTIONS IV.SPECIAL ORDERS OF THE DAY H.ORDINANCE R-2018-02 An Ordinance to Rezone Certain Real Estate in the City of Evansville, State of Indiana, More Commonly Known as 315 Taylor Avenue Petitioner: Dean Hall Owner: Spinnaker Holdings, LLC Requested Change: CO2 to C4 Ward: 4 Robinson Representative: Dean Hall, Mama’s, Inc A.ORDINANCE G-2018-05 An Ordinance Amending Section 2.10.090 (Common Council) of the Evansville Municipal Code Sponsor(s): Elpers Discussion Led By: ASD Chair Adams 2/26/2018 G-2018-05 Attachment: E.ORDINANCE R-2017-25 An Ordinance to Rezone Certain Real Estate in the City of Evansville, State of Indiana, More Commonly Known as 4707 Jackson Avenue Petitioner: Kyle Lutz Owner: Kyle Lutz Requested Change: C4 to R2 Ward: 1 McGinn Representative: Kyle Lutzcenter_img C.ORDINANCE G-2018-08 An Ordinance Amending Chapter 2.115.020 of the Evansville Municipal Code Sponsor(s): Weaver Discussion Led By: ASD Chair Adams 3/12/2018 C.RESOLUTION C-2018-02 Resolution Authorizing the City of Evansville, Indiana to Execute and Deliver a Third Supplemental and Amendatory Loan Agreement in Connection with Its Economic Development Revenue Bond, Series 2011A (University of Evansville Project), Its Economic Development Revenue Bond, Series 2011B (University of Evansville Project), Its Economic Development Revenue Bond, Series 2011C (University of Evansville Project), Its Economic Development Revenue Bond, Series 2011D (University of Evansville Project), Its Economic Development Revenue Bond, Series 2011E (University of Evansville Project) and Approving and Authorizing Other Actions in Respect Thereto Sponsor(s): Weaver Discussion Led By: Finance Chair Weaver 2/26/2018 G.ORDINANCE R-2017-29 An Ordinance to Rezone Certain Real Estate in the City of Evansville, State of Indiana, More Commonly Known as 421 Read Street Petitioner: Timothy Mills Owner: Shelby & Theresa Marshall Requested Change: R4 to C4 Ward: 3 Hayden Representative: Timothy Mills G.ORDINANCE R-2018-07 An Ordinance to Rezone Certain Real Estate in the City of Evansville, State of Indiana, More Commonly Known as 1900, 1902, 1904, 1906, and 1908 N. Fourth Avenue Petitioner: Evansville Brownfields Corp. Owner: Evansville Brownfields Corp. Requested Change: R2 to C4 Ward: 6 Brinkmeyer Representative: Carolyn Rusk, Evansville Brownfields Corp. A.ORDINANCE G-2018-04 An Ordinance Repealing Chapter 9.20 (Prohibiting the Use of Property for Illegal and Nuisance Activity) of the Evansville Municipal Code Sponsor(s): Elpers, Mosby, Weaver Discussion Led By: ASD Chair Adams 3/12/2018 R-2017-29 Attachment: G-2018-04 Attachment: II.APPROVAL OF MEETING MEMORANDA III.REPORTS AND COMMUNICATIONS R-2018-07 Attachment: B.ORDINANCE G-2018-07 An Ordinance Amending Chapter 6.05 (Animal Control) of the Evansville Municipal Code Sponsor(s): Mosby Discussion Led By: ASD Chair Adams 3/12/2018 A.THE NEXT MEETING of the Common Council will be Monday, March 12, 2018 at 5:30 p.m.  A Finance Committee meeting will begin at 4:30 p.m. V.CONSENT AGENDA:  FIRST READING OF ORDINANCES AND RESOLUTIONS C-2018-02 Attachment: G-2018-07 Attachment: VIII.RESOLUTION DOCKET G-2018-06 Attachment: VI.COMMITTEE REPORTS R-2018-02 Attachment: B.ORDINANCE G-2018-06 Ordinance of the Evansville Common Council Authorizing the City of Evansville, Indiana, to Issue One or More Series of Its “Economic Development Revenue Bonds (SP Evansville, LLC Project)”, and Approving and Authorizing Other Actions in Respect Thereto Sponsor(s): Weaver Discussion Led By: Finance Chair Weaver 2/26/2018 B.BOARDS & COMMISSIONS C-2018-06 Attachment: X.COMMITTEE REPORTS F-2018-01 Attachment: FacebookTwitterCopy LinkEmailSharelast_img read more