Lloyds Banking Share Discussion Threads

[hamhamham1] 30/7/2020 08:52

Monty. Keep all your money in Micro Focus then, just the 5bn of debt there, with shrinking sales and as they themselves said about the HP Autonomy product they spent billions on 'not fit for purpose'.
I am happy in a couple of years this will be doing fine, this extra set asides of cash is just a 6-12 month extension of PPI really.

[meek] 30/7/2020 08:52

Lloyd's have survived after paying out over £22 billion on PPI, I hardly think a few billion lost on bad loans will bring it to it's knees. Great buy for me at these prices for the future.

[hamhamham1] 30/7/2020 08:49

Monty. Keep all your money in Micro Focus then, just the 5bn of debt there, with shrinking sales and as they themselves said about the HP Autonomy product they spent billions on 'not fit for purpose'.
I am happy in a couple of years this will be doing fine, this extra set asides of cash is just a 6-12 month extension of PPI really.

[scars] 30/7/2020 08:45

It's alright they are all backed by government bailouts!!!

[gaffer73] 30/7/2020 08:44

That's me in for more. Lloyds isn't going bust so this is a great opportunity imo.

[blueball] 30/7/2020 08:44

I said before its worth 6/7p tops.

[diku] 30/7/2020 08:44

Some are already talking wanting furlough scheme extended...life become too good...

[careful] 30/7/2020 08:43

Boris's bankrupt Britain Britain will be a disaster.
His grinning chancellor wrecking the economy with his spendthrift ways.

Free handouts for all.
glitzy blingy cars, Mercedes and BMW for the masses,
All leased and funded by lloyds.
Holidays in the South of France for road sweepers.
Everyone of consequence goes to university and owns their own house.

Now it is over.
Maybe tis Bond type pandemic conspiracy which effects about 1:10,000 healthy people,
was a good idea.

They have brought it to an end and have something to blame.

[mitchy] 30/7/2020 08:42

The results are confident that they are financially strong enough to weather the worst that the pandemic can throw at them. So there is that.
However for today and friday I would expect the news of losses to further impact the share price
Is it a buy at 26p ? Or is it going to get junk status as far as investments are concerned. Banks in general aren't looking attractive for the pension managers in the near term at least.
Could this see 20p? Yes if the DOW crashes, banks stop lending,sterling collapses,the EU get really stupid and don't agree a free trade deal.

Then their is the possibility of runaway inflation! Not a cloud even on the horizon
but who knows. All that fiat money sloshing about with no backing .

[chavitravi2] 30/7/2020 08:40

I'm sure you will tell us Buywell.

[essentialinvestor] 30/7/2020 08:39

There may be a misconception about with the Chancellor is attempting to do.

If HMG stood back and did nothing, the concentrated unemployment hit begins
to take on momentum of its own, causing additional damage.

The £30 billion spent has to be seen in that context.

For anyone who thinks support ends in it's entirety come October, think again.

[badg] 30/7/2020 08:39

They are lower now than the crash back in March!What was the historic low in 2008 after the financial crash?

[diku] 30/7/2020 08:36

Bank shares are only for the benefit of insiders...and their Investment banker pals...for PI's a zero sums game...

[buywell3] 30/7/2020 08:34

The next quarter for LLOY is IMO going to be much worse than the previous quarter

Do you know why ??

[robizm] 30/7/2020 08:33

And how many building societies have had to be taken over due to poor management in the past.

[buywell3] 30/7/2020 08:31

Reality is just a word
But one that sometimes hurts

buywell AD 2020

[portside1] 30/7/2020 08:30

Move your accounts I have the bank is finished run by crooks I moved to the building soc ,

[deme1] 30/7/2020 08:30

Banks are not the investment of choice at the moe.

You lot need to sell up and get into some mining stocks in time for the super cycle. All the world economies are going to be looking at building infrastructure and also green energy to get the economies going again.

JLP is one to look at.
ATYM is another (copper play)

Banks however are dead for a few years atleast. IMO

[buywell3] 30/7/2020 08:29

Banks have been a bad bet for over 5 years and longer
The whole Global capital system is about to get tested to the max


UK Banks stressed NOW

And we haven't even had Covid-19 wave number two yet

What then ???

[chavitravi2] 30/7/2020 08:27

The nag looks a good bet at this price imo.

[diku] 30/7/2020 08:26

And during the good times Lloy should have sold off Scottish Widows...realise shareholder value...

[edmundshaw] 30/7/2020 08:23

On the government: Boris favours playing Keynesian economics with new building, lower taxes, low interest rates etc. which would be fine IF the government had raised interest rates and taxes during the relative good times. You cannot do half an economic policy...

[diku] 30/7/2020 08:22

Post 11143...they have to throw money at people under the circumstances...to keep voters intact...Labour would probably have done the same if they were in Govt...

[mikemichael2] 30/7/2020 08:20

finance is the ticking time bomb.