Lloyds Banking Share Discussion Threads

[utyinv] 21/2/2020 09:02

Smartypants,

You are obviously shorting this stock.

Reading your posts it’s as if you are revelling when Lloyd’s share price falls but very quiet when it rises.

Apart from shorting the stock is there any other reason why you hate the bank?

[portside1] 21/2/2020 08:45

When I and my family and friends do not have branch to walk into. Then we move have moved my insurance from Lloyd's moved my isa cash to the. West Brom building society excellent , and all my family and friends last year Moved my insurance to N F U

[xxxxxy] 21/2/2020 08:43

Inflation is not a problemBy JOHNREDWOOD | Published: FEBRUARY 21, 2020The small spike upwards in inflation last month is likely to be temporary. Inflation remains below the 2% target. The recent 20% fall in the oil price, and the fall in a range of other raw materials is likely to push the CPI figure back down again.In the Euro area and in Japan the authorities are desperate to get inflation up a bit. The general disinflationary and deflationary forces worldwide remain a worry. The virus has struck China and made a temporary hole in her output. It has also hit international travel and tourism. Japan reported a fall in GDP in the last quarter of 2019 owing to her tax rise and is still weak owing to the effects of the epidemic. The car industry everywhere is reeling from the tax and regulatory attacks on diesel and petrol vehicles. US GDP is losing important output from Boeing with the current cessation of manufacture of what was the firm's best selling plane, the 737 Max.Meanwhile the media that spent three years boring us rigid with silly false scare stories about supply chains after Brexit say very little about the genuine threat to our supply chains from the big decrease in Chinese production this month. We are currently living on product made before the Chinese New Year, as it takes a month for product to reach us by ship. What happens next month?The Bank of England will doubtless use the uptick in inflation and the stirrings in the housing market as an excuse to do nothing. The rest of the world is busy fighting the downturn with monetary as well as fiscal action. The Bank should join in. The government may face pessimistic OBR forecasts of the kind they specialise in. To the extent that they are sensible, based on the big world slowdown, the problems in  the car industry and the effects of the virus, they need to be offset by positive action.One of the follies of the UK system is it is usually pro cyclical. When a downturn or slowdown hits, forecasts show revenues falling and spending rising, so the demand goes up for  spending cuts and tax rises. Instead policy needs to seek to offset any slide to low growth or no growth.

[mikemichael2] 21/2/2020 08:37

'in my branch'

The days of 'branches' are numbered, who needs a branch any more? Just one in each major town will do.

[smartypants] 21/2/2020 08:36

Some positive reporting?

Lloyds Banking Group's underlying profit fell 7% last year as revenue declined amid what the bank described as challenging conditions.

Underlying profit for the year to the end of December declined to £7.5bn from £8.1bn as net income fell 4% to £17.1bn.

Pretax profit dropped by 26% to £4.4bn as the bank paid out £2.5bn for payment protection insurance (PPI). Analysts had on average expected pretax profit of £4.5bn

Britain's biggest retail bank said it expected its net interest margin would shrink in 2020 to 2.75-2.8%. In 2019 the margin was squeezed to 2.88% from 2.93% because of pressure on mortgage profitability caused by intense competition.

Underlying profit fell despite a 4% drop in operating costs to £7.9bn as income declined and loan impairments rose 38% to £1.3bn. Loans to customers fell £4bn to £440bn as the bank reduced its closed mortgage book and loans to midsize and global companies.

At the pretax level the charge for compensating customers and processing claims from the PPI scandal was unchanged at £2.5bn from the figure announced for the first nine months of the year. The charge jumped from £750m a year earlier as people rushed to meet the August deadline for claims.

The FTSE 100 bank's shares rose 3.6% to 57.77p at 08:26 GMT.

[diku] 21/2/2020 08:30

g2...yes and PI's just get caught up in the play games...it is a money losing game...

[gbh2] 21/2/2020 08:24

From hero to zero, just a Hedge Fund Traders play thing!

[diku] 21/2/2020 08:13

And if it hits 52.8p then AT's will target 50p retest...

[bookbroker] 21/2/2020 08:12

Issue is there is still that gap at around 52.8p to close, may be nudging its way to that, if the global markets correct then it will be achieved!

[bookbroker] 21/2/2020 08:11

Useless, normal service resumed!

[smartypants] 21/2/2020 08:05

When is next results day??
Dropped more than 1p in the first 2 mins,
But if you wait 3 months they will give you it back

[maxk] 21/2/2020 00:01

Oh dear, €urochickens coming home to roost ... :-)


Don't use Brexit to cut EU's trillion euro budget, Emmanuel Macron warns

Divided EU leaders are deadlocked in summit talks in Brussels over the bloc's first budget, which faces a £63 bn gap after Brexit

By
James Crisp,
BRUSSELS CORRESPONDENT
20 February 2020 • 10:25pm



Angela Merkel and Emmanuel Macron are on opposing sides of the battle over the EU budget. CREDIT: Olivier Matthys /AP



Brexit cannot be used as an excuse to cut the EU’s trillion euro budget or limit the European Project, Emmanuel Macron warned his fellow leaders at an acrimonious summit in Brussels on Thursday night.

Heads of state and government are bitterly divided over how to compensate for the loss of the €75 billion (£63 bn) Britain would have paid over seven years from 2021 if the UK was still a member state.

“It is unacceptable to think that because the UK is no longer part of the EU, we need to give up on our ambitions,” Mr Macron said as he arrived at the first summit since the UK left the bloc on January 31.

The Brexit gap comes as the EU struggles to decide how to finance challenges including climate change, migration, the development of its poorer regions and its lucrative system of agricultural subsidies....










Edit: Read the comments. The punters have nailed it!

[minerve 2] 20/2/2020 23:39

Poor guy. Well done Alex.

[mitchy] 20/2/2020 22:24

If you compare barc chart and lloy they diverged at the same time. It was like the money moved from lloy to barc !

[minerve 2] 20/2/2020 22:09

Corbyn would be happy to serve in the shadow cabinet.


The stale fart that just doesn't disappear.

[xxxxxy] 20/2/2020 21:20

Barnier and that EUSSR Mafia take note

[xxxxxy] 20/2/2020 21:18

John Thomas 20 Feb 2020 7:55PMWhat I find fascinating is that the EU has no free trade agreement with China, but so many European companies are dependent on trade with them. It seems that just in time supply chains from China can work (coronavirus notwithstanding), but the English Channel presents an insuperable barrier.I canalso find no mention anywhere of China having to play on a level playing field in terms of labour laws, workers' rights and state subsidies.Funny old world.Daily Telegraph