Lloyds Banking Share Discussion Threads

[mitchy] 13/3/2020 07:47

If the DOW doesn't stop falling until it's over sold we may have to wait until it's circa 16,000.

[essentialinvestor] 13/3/2020 07:45

April 2021, may be.

[mitchy] 13/3/2020 07:44

They have said it will available by April.

[essentialinvestor] 13/3/2020 07:42

A vaccine takes time to manufacture in industrial scale quantities,
even putting aside the testing phases. 12-18 months looks very best case?.

[mitchy] 13/3/2020 07:41

DOW futures looking as sick as a pig with a virus.

[mitchy] 13/3/2020 07:38

Edit - 16th April

[molatovkid] 13/3/2020 07:34

Reality:

The Mail report 596 UK cases of Coronavirus.
The UK population is broadly 67million.
That's a massive 0.00088%

Italy:
15,113 infections. Population: 60m
Percentage: 0.025%

This is a media induced panic and its getting out of hand.

[xxxxxy] 13/3/2020 07:31

The ECB response to corona virusBy JOHNREDWOOD | Published: MARCH 13, 2020The main points in  the ECB response yesterday made sense and were similar to the Bank of England's approach the day before. The ECB announced a major increase to its version of the Funding for lending scheme, the LTRO facilities advanced to Euro area banks. It announced that Euro area banks can borrow from the ECB with the ECB paying them 0.75% a year for the money, so they can lend it on to businesses and individuals.They also announced an expansion of Quantitative easing, adding another Euro 120bn this year.  They reduced the required capital commercial banks need to hold for any given amount of lending, and allowed a wider range of assets to  be used against the lending. They did not cut their main interest rates, which are at zero or negative already.The ECB has two problems the Bank of England does not share. The ECB thinks a fiscal stimulus is needed at the same time, as the UK authorities arranged. The ECB cannot be sure this will happen. The Treaty rules make it unlikely, unless they find a way of authorising temporary extraordinary measures.The ECB wants governments to make banks  lending to distressed businesses more likely by offering loan guarantees financed by taxpayers. Again, it cannot guarantee this will happen.The ECB has gone some way in weakening its prudential regulation of the commercial banks. It will allow them delay in implementing requirements imposed on them by Regulatory Inspection, and it will put off the next set of stress tests they need to meet. It is relaxing the type of capital they need to hold and it will allow them to go under the Pillar 2 Capital requirements anyway in order to keep lending going. It needs to be careful this does not build more future problems into the commercial banking sector.The ECB has done a better job at keeping money growth at a sensible level than the Bank of England over the last couple of years, offering more support for the Euro economy. It now needs to be careful it does not dilute its regulatory standards too far and allow banks to build loan problems for themselves on a scale out of proportion with their capacity to absorb the subsequent losses when some of the loans go bad.

[gbh2] 13/3/2020 07:23

The data below runs a day behind but I consider it more likely to be more reliable than the Daily Mail:



The International view:

[utrickytrees] 13/3/2020 07:20

LOVIN the drama in your posts M2, better than having a pint with Grant Mitchell.
I think you'll find most of the treatment facilities and expertise at local hospitals for C19 will be found on the respiratory wards which tend to be dealing with serious diseases such as ocpd & pneumonia. The last thing health professionals on these wards want are a load of hypochondriacs with the sniffles compromising the survival rates of their most seriously ill patients. So you see 'not going to hospital has got nothing to do with Boris or the government it's the NHS that are driving this.

Was at Cheltenham yesterday numbers looked down on previous years but plenty of older folks out enjoying the day, hand sanitizer everywhere probably the most sterile Cheltenham in record. Due to be at the Grand National in a couple if weeks which I'll have no reservations of attending if it's not cancelled.

[molatovkid] 13/3/2020 07:19

The Mail report 596 UK cases of Coronavirus.
The UK population is broadly 67million.
That's a massive 0.00088%

Italy:
15,113 infections. Population: 60m
Percentage: 0.025%

This is a media induced panic and its getting out of hand.

[1 nhs] 13/3/2020 07:04

Yep he is doing very well

Berkshire Hathaway Inc. Class A
NYSE: BRK.A
272,000.00 USD −21,337.50 (7.27%)
Closed: 12 Mar, 6:02 pm GMT-4 · Disclaimer
After hours 265,000.00 −7,000.00 (2.57%)

[essentialinvestor] 13/3/2020 06:19

Phil, yes, however Berkshire Hathaway sitting on over $130 billion
in cash atm. And just two weeks ago Charlie Munger warned there was
trouble ahead because of excessive risk taking.

I guess timing is easier when a financial genius like Buffett or Munger.

For mere mortals like the rest of us, it's a tad more challenging!!.

[1 nhs] 13/3/2020 05:51

Buffett made his money using debt from government and companies.

That game is over , as investors here are finding out here to their cost .

[philobeddoe] 13/3/2020 05:10

A global crisis is your friend - warren buffett (those who buy in at the bottom stand to make a lot of money when confidence returns - which it will. Coronavirus will be a distant memory by summer imo)

[malcolmmm] 13/3/2020 00:36

I was just watching Bloomberg, markets in Asia are plummeting, everyone is running for cash .The CMC markets chief strategist thinks that we are nowhere near the bottom, he said after the longest bull run in history we are heading much lower, 50% off highs and we have not seen capitulation until we do markets wont stabilise etc etc. It doesn't bode well for share prices, looks like these may fall to around 30p if he is right ,time will tell.

[minerve 2] 12/3/2020 23:55

I watched the PM' s press conference this evening from start to finish. It was an embarrassment. We have moved from 'contain' to 'delay' but the fact is we did nothing whatsoever to 'contain'. The sub-text of 'stay at home for seven days' is 'don't bother us or the NHS'. Whitty and Vallance are enjoying the number-crunching, hoping their curves flatten and so on, but ignore the only evidence of successful mitigation measures (China; Singapore). I am ashamed for the three of them. Wake up Britain, to this slow car crash unfolding in front of us.

[minerve 2] 12/3/2020 23:50

Perhaps Boris should start to deliberately infect sections of the public to tranche the epidemic ......


This is a bad idea that Boris and his wet-noodle crew are attempting.

[buywell3] 12/3/2020 23:37

buywell3 - 12 Aug 2019 - 19:18:04 - 4183 of 7548 Lloyds Bank (LLOY) 'On Topic only' - Thread - LLOY

Bad day at Black Rock tomorrow methinks


USA markets now look set IMO to drop to 20,000



U.S. Budget Gap Widens 27% in First 10 Months of Fiscal Year

[k38] 12/3/2020 23:34

All support levels falling down like flies and all because of the damage the virus will do to the economy.


Right now, 21p is not out of the question unless they found an antivirus now OR they suspend markets till they manage to control the virus.

[minerve 2] 12/3/2020 23:23

You aren't going to get herd immunity without massive collateral damage.