Lloyds Banking Share Discussion Threads

[jibba jabber] 30/7/2020 10:41

What
a dog this has been.

[essentialinvestor] 30/7/2020 10:41

car1pet, there is going to be big trouble down the line for UK banks
on these light touch lending loans - they will end up on the hook for
some of these delinquencies imv. However, that's for other day.

The question to ask atm is...what happens when these furlough schemes
begin to be wound down.

[sr2day] 30/7/2020 10:38

should be able to buy these at 25p later today.

[minerve 2] 30/7/2020 10:36

DOWN DOWN DEEPER AND DOWN

[minerve 2] 30/7/2020 10:30

xxxxxy

Don't buy gold. It's for morons, just like cryptos. You are purely relying on the "greater fool theory" because to the average Joe there is no cash flow generation from the asset.

[car1pet] 30/7/2020 10:29

I applied for a bounce back loan of £50k for my business and received the money next day. I'm legitimate but it was too easy no checks done. I would guess that there are many £50k bounce back loans that will never be repaid. I needed the money and was grateful but it was too easy. It seemed that Lloyds suddenly relaxed all their controls. But presumably Lloyds will recover any losses on loans from the government so it won't impact Lloyds. This fall could be overdone and we could see a bounce tomorrow.It has pulled back since this morning first thing 26.6p looks to be good value IMO DYOR

[minerve 2] 30/7/2020 10:29

So, it temporarily bottoms, traders pile in setting their stop-loss ladder as it crawls its way back up to quite easily fall again another day when the market maker algorithms decide to chew up the stop-loss ladder.

Wash, rinse, repeat.

[xxxxxy] 30/7/2020 10:28

I have missed out on gold. That was stupid of me.

[minerve 2] 30/7/2020 10:27

Barclays seem to be steps ahead just casually observing banks ATM. Lloyds a one-trick pony it seems.

Barclays have actually got Mohamed El-Erian as Non-Executive Director since the beginning of this year. Quite a coup IMO, that.

As Buffett professes management analysis is very important.

Since zipper gate came here you would probably have ditched Lloyds at that point. Behaviour eventually trickles into company performance.

[xxxxxy] 30/7/2020 10:26

Will return to buying Lloyd's if go sub 20.Buying time there, for me.Looking forward to USA Deal

[rpt_regal_petroleum_buy_now] 30/7/2020 10:22

Buy JKX - best buy at the moment in O+G sector.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[pal44] 30/7/2020 10:22

sikhthetech are you shorting the great mighty Black Horse ?

[minerve 2] 30/7/2020 10:21

Where is Boris conducting operations from ATM?

Surely you can't think straight with needy GF and screaming baby around?

[redartbmud] 30/7/2020 10:20

Well Lightening Zipper should have spent more time on the business and less on the activities of his zipper.

[stupmy] 30/7/2020 10:16

I've taken a speculative position in the hope of a bounce into the afternoon. Entry was around 26.1.

[sikhthetech] 30/7/2020 10:13

This was expected, I thought 20p-25p..

It's still early days...
Furlough scheme is being would down from this weekend..
Evictions resuming from next month..

Mortgage payment hols coming to an end in Oct..

Those who took out the mortgage payment hols will have higher premiums to pay, so could see mortgage repossessions later this year.. currently repossessions are not allowed...

sikhthetech - 27 Jul 2020 - 14:39:45 - 11029 of 11198 Lloyds Bank (LLOY) 'On Topic only' - Thread - LLOY
I still think we're heading for 20p-25p for the reasons previously stated...


sikhthetech - 01 Jul 2020 - 12:10:38 - 10589 of 11029
I still think we'll see low to mid 20s soon...

More and more job losses are being announced every day now that furloughing is coming to an end.

<...>

[gc321] 30/7/2020 10:12

Indeed a lot of stuff being said which is complete and utter nonsense. I wonder if the government are considering a ban on shorting again. That would def help in the current climate.....

[gbh2] 30/7/2020 10:04

Yep, time to go watch some paint dry, more exciting than some of the cretinous poats now appearing!

[smartypants] 30/7/2020 10:03

LBG warned it expected to book a coronavirus-linked impairment charge of between £4.5 billion and £5.5 billion for the whole year.

"There have been early signs of recovery in the group's core markets, mainly in consumer spending and the housing market, but........

The outlook remains highly uncertain and the impact of lower rates and economic fragility will continue for at least the rest of the year," the bank noted.

"The group's updated 2020 guidance reflects a proactive response to the challenging economic environment and is based on the group's recently revised current economic assumptions, which have deteriorated since the first quarter."

Since its last update, Lloyds estimates that the economic outlook has deteriorated further, partly because of the immediate impact of the pandemic in its second quarter, but also due to the likelihood of significantly higher defaults on loans in the next few months as various government support schemes subside.

[careful] 30/7/2020 10:03

We learned during the financial crises how risky banks were.

Lloys have about £600m out there that needs paying back.
If the economy goes seriously down, then we could assume that 10% of that is not coming back.

That is a £60m write off.(or to use another term 'bust')

They never recognise bad debts or underperforming loans until it is right ion top of them.
Fred Goodwin declared a record profit at RBS of £10bn, when if he had been up front about the rubbish on his balance sheet, his loss would over £50bn.

[minerve 2] 30/7/2020 10:02

"Ooooch! The Bottom Perhaps!"

In other words: Who knows?


Boris needs to get a handle on COVID AND THE ECONOMY. He has lost both ATM.

[minerve 2] 30/7/2020 10:01

The only bottoms I'm good at having a feeling for are female ones.

[1carus] 30/7/2020 09:59

Ooooch! The Bottom Perhaps!