Lloyds Banking Share Discussion Threads

[careful] 06/3/2020 11:48

It is tempting.
This virus thing could blow over quickly.
Most people have mild symptoms and recover quickly.
And to be brutally logical the fatal effects on elderly retired people are not economically significant.

45P for Lloy seems so cheap, a contrarian play.

However if bad debts and non performing loans take hold all banks will suffer, again.

[ignoble] 06/3/2020 11:48

Seen it all before...
We will wake up tomorrow and life goes on....
Ruddy obsession with money is the downfall of society
Be Happy in yourself...

[maxk] 06/3/2020 11:47

But Broon saved the world!

[ladeside] 06/3/2020 11:45

Alphorn, The problem is that most are on money purchase schemes / defined contributions nowadays.

There's very few defined benefit schemes remaining and those that are remain mostly closed to any new personnel and frozen for others.

Another scandal, much of it down to Brown in this case.

[poikka] 06/3/2020 11:43

Just how this is going to play out is anyone's guess. Just how are central banks going to react, now that in the EU - and the US and UK - they've more or less run out of options.

When investors are paying the German Government for owning German bonds, for example, or when there are negative corporate bond yields, meaning investors are paying companies for owning their debt, we truly are in a crazy world.

The virus, hopefully, might just concentrate minds on the foolish policies that have been adopted: in the US to feed an ego; in the EU to try to keep an economic and social experiment, alive, and elsewhere to prop up governments, or counter the burden of uncontrolled immigration.

There will probably be blood, and there should be blood.

[essentialinvestor] 06/3/2020 11:39

Lloyds have large exposure to credit cards, commercial property, small and medium size
businesses, car finance and a residential mortgage book. The later I would
not worry to much about.

[maxidi] 06/3/2020 11:38

Just bought a few more. Probably a wrong move. :o(
Hey ho why worry.

[alphorn] 06/3/2020 11:37

The pension impact is always troubling for those on money purchase schemes - it is more hidden.
Why would gilts be immune? If the yield is the same or less than inflation it is just a slower 'problem'.

[maxidi] 06/3/2020 11:36

And his house is very small !!! lol

[smartie6] 06/3/2020 11:32

I believe they will all bite in that order. We’re truly screwed!

[pal44] 06/3/2020 11:31

has anyone gone to Minny house ? I bet he has wood chip on the wall !

[alphorn] 06/3/2020 11:29

IMO there are three parts to any recession question:
- global impact from CV
- global impact from any global downturn
- domestic impact from the Brexit trade talks

Take your pick - or all of them.

[gaffer73] 06/3/2020 11:26

How exactly does an ETF bring shares down?

[smartie6] 06/3/2020 11:25

I think we know we are.

[pierre oreilly] 06/3/2020 11:17

Savings down the plughole

Minny, yes, and everyone's pensions and lots of jobs = I'm sure you're very happy. Just one of the drawbacks of having savings. Something i doubt you have to worry about. My gilts are immune though, and the share exposure will come back up through the plughole at some stage.

[pierre oreilly] 06/3/2020 11:11

Minny, you're going to be exposed to the virus whether you like it or not, or whether you trace away for years.

If people have it, have no symptoms, spread it then how can they be traced? If someone gets it, they ask if they've been near anyone with symptoms, not if they've been near people without any symptoms. I'm repeating experts btw, not guessing.

There are several confirmed cases in the uk, probably hundreds infected but with no symptoms. While i'm ok jack, being fit and healthy, you and your 45 stone and severe mental disabilities may not be ok when you get it.

Emotionally, I feel for those weakest in society who are going to face a severe reaction, but factually, we have to accept that it's now extremely unlikely we're all not going to be exposed to it. Half of us will shake it off without us knowing, half of what's left will get mild symptoms, half of that annoying sympoms, half of that severe symptoms, and about 0.5% of weak bodies won't be able to shake it off and will die, probably 3 or 4 months earlier than they otherwise would have done. That's my understanding from experts - i like you and most here, know very little for myself. If I were very weak and vulnerable, I'd probably try to get somewhere very isolated for a long holiday, but obviously travel is a risk.

[essentialinvestor] 06/3/2020 11:10

A lot depends on whether you think we are going in to recession here.

[ekuuleus] 06/3/2020 11:02

I missed off one other effect. I spoke about lloyds specifically which would depress it (and also other banking stocks). There is a much wider use of tracker ETF's such at the ftse short e.g. suk2 or banking sector tracker.

Short term this will take all stocks down, but medium, direct investors in lloyds may see better value. It's like watching ripples on the surface of a pond (but less even). They just take a while to move around, bounce and interact.

[crossing_the_rubicon] 06/3/2020 11:02

"smartie66 Mar '20 - 10:24 - 7154 of 7156
I’d wait a few months before giving those details again. In 3months time there maybe oversupply in the housing market to the sum of millions"

That all the rich Chinese, Russians, and Arabs will snap up!!!!

[smartypants] 06/3/2020 10:51

gbh2
So if you had sold all at 50p and then bought back this morning you would be at break even point now?

[minerve 2] 06/3/2020 10:48

YOUR SAVINGS ARE GOING DOWN THE PLUG HOLE!
YOUR SAVINGS ARE GOING DOWN THE PLUG HOLE!
YOUR SAVINGS ARE GOING DOWN THE PLUG HOLE!
YOUR SAVINGS ARE GOING DOWN THE PLUG HOLE!
YOUR SAVINGS ARE GOING DOWN THE PLUG HOLE!

[minerve 2] 06/3/2020 10:48

What Corona Virus?

It's Project Fear or is it The Will of the Virus!

ROFLMAO!