Lloyds Banking Share Discussion Threads

[smartie6] 29/10/2020 08:04

Well Marty, is this a massive opportunity for everyone?
With that result where is the 30p plus everyone was preaching.

[martym] 29/10/2020 08:01

Flat strange

[smartie6] 29/10/2020 07:58

If we see banks rise today against a further market sell off then My skin will be crawling as I get the feeling we’re being set up for a fall.

[mitchy] 29/10/2020 07:57

Sorry, my bad ...Asian markets down but not as much as expected. U. S futures up at the time of writing.

[smartie6] 29/10/2020 07:55

In 3months we’ve had a complete reversal???????
Appears that the Banks caught the eat out message and are now running 3months behind where we presently are.
Interesting that Auto and Air industries are doing well today too? That all puts it into perspective.

[mitchy] 29/10/2020 07:53

Asia up and U.S futures...heavan knows why ?

[smartie6] 29/10/2020 07:52

You all should be very worried by the provisioning policy of the banks. Profit has been determined on the back of lower than expected provisioning policies. I’m treating advice, particularly from Lloyds today, that businesses are doing well with Scepticism as everything we are seeing at this moment in time says that the majority, particularly SMEs, will struggle in the future with serviceability.
It can’t be right that the whilst the treasury and BoE are putting out worrying statements on the U.K. economy we get a contrarian view from the Banks, can it?

[polar fox] 29/10/2020 07:51

Budenberg Wiki

Early life
Budenberg grew up in Cheshire, where his family owned Budenberg Gauge Company, a maker of pressure gauges and accessories established in Manchester in 1854. Budenberg holds a Bachelor of Law from the University of Exeter.

Career
Budenberg started his career with Price Waterhouse where he qualified as a Chartered Accountant and joined SG Warburg in 1984. He was a senior investment banker at UBS Investment Bank where he worked for over 25 years and oversaw the bank's relationship with HM Treasury. He was part of the team that designed the Government Bank Recapitalisation Scheme in October 2008.

From 2010 until January 2014, he was Chief Executive and then Chairman of UK Financial Investments, the UK government body that oversees the government's investments in financial institutions bailed out during the banking crisis.[3] Budenberg was London Chairman of Centerview Partners between 2015 and 2020 and was also a non executive director of Charity Bank[4] and Big Society Trust[5]

Honours
In 2015, he was awarded a CBE "For services to the taxpayers and the economy".[6]

Personal life
Married with four children, Budenberg enjoys golf.[citation needed]

[mitchy] 29/10/2020 07:49

U.K car production worst in 25 years.

[ekuuleus] 29/10/2020 07:49

Capital ratio was already at high end of target. If anything, not paying dividend 2020 I'd have liked to see an even better ratio.

Lockdown news in france and germany today will raise fears of economic damage. I'm edging toward another down day. America figures out later as well so buffering around a lot today.

[mitchy] 29/10/2020 07:46

The news of Robin Budenberg taking the chair was announced in July. Why is it reproduced today ? I'm confused.

[crazi] 29/10/2020 07:44

With capital ratio at 15.2% they can definitely afford dividends...

[mitchy] 29/10/2020 07:36

New chairman named , Robin Budenberg. Will the market like him, anybody know ?

[xxxxxy] 29/10/2020 07:35

The EU believes in tariffs
By JOHNREDWOOD | Published: OCTOBER 29, 2020
There is a double irony in the Remain position on trade. They say a free trade agreement with the EU is crucial, whilst doing everything in their power to stop us having free trade agreements with all those other non EU countries who would like one . They pose as free traders, claiming tariffs are harmful, yet they fully support EU trade policy which makes use of very high tariffs on agricultural and food products to protect domestic farming and the food industry, and seeks to use a 10% tariff on non EU cars to help single market producers.

So which is it? Is free trade essential to our future? Or do selective tariffs do good and protect domestic industries sensibly?

The theory of free trade tells us that a country is better off with free trade than with tariffs. If, however, you take this to the logical conclusion that you might as well surrender all your tariffs with no reciprocation from overseas you may well find domestic industries damaged by aggressive overseas competition, to be followed by price hikes once the domestic industry has been demolished. Arguably the West has been too generous to China, offering low or no tariffs under WTO rules whilst allowing China to maintain big protectionist barriers of various kinds.UK industry lost out badly when we went to zero tariffs against German and other continental steel, car and and textile manufacturers in the 1970s.

I favour bilateral or multilateral reduction of tariffs and other barriers. As we leave the EU’s single market and customs union we are free to choose tariffs or no tariffs, and to decide how high they should be,. The only proviso is we need to impose the same tariff on all WTO members, unless they have a Free Trade Agreement with us. In the case of food it means we can lower tariffs on non EU countries whilst imposing some tariff on EU food, which will act as a stimulus to recapture market share for domestic producers lost over our years in the CAP and Customs Union.

So let us once and for all get rid of the silly lies put around about trade

1 We can trade well and grow our trade without a Free Trade Agreement, as we have done during our time in the EU with non EU countries

2 Tariff free does not guarantee good trade growth, as have seen in recent years within the tariff free single market in the EU

3, Most Free Trade Agreements are useful and can add a bit to trade.

4. Lop sided trade agreements can be damaging, as our EU has been to our farming and fishing industries.

[joshuam] 29/10/2020 07:35

Group well positioned for long-term superior and sustainable returns..........nice

[emptyend] 29/10/2020 07:30

Book value now back over 52p........at some point this must start to count, especially with provisions now expected to be at the lower end of expectations....

[folderboy] 29/10/2020 07:30

Suspect that the failure to re-instate or even mention, a dividend will mean no rise in the share price

[gaffer73] 29/10/2020 07:30

Good enough. Would be in line with last year if it wasn't for the impairments.

[mitchy] 29/10/2020 07:27

Like Barclays impairments less than expected. Mortgage book up . Back to profit but eps seriously down on 2019. No mention of possible return of dividends. Or at least I couldn't see any mention of it.Income down on lower interest rates. Well financed to ride out impairments and to lend given an upturn in the economy . Pick the bones out of that.Good Luck.

[nick100] 29/10/2020 07:20

Retail Current Accounts Continued To Increase Ahead Of Market In Q3, With Group Deposits Up £35 Billion
Loan To Deposit Ratio Of 98 Per Cent, Providing A Strong Liquidity Position And Significant Potential To Lend Into Recovery
Outlook Remains Highly Uncertain Given Second Wave Of Coronavirus, Government Response Including Social Distancing Measures And End Of Furlough Scheme, Together With Ongoing Brexit Negotiations
Risk-weighted Assets Now Expected To Be Broadly Stable Compared To 30 September 2020
9-month Net Income Of £10.8 Billion, Down 17 Per Cent, With £3.4 Billion In Q3, Reflecting Lower Interest Rates And Lower Other Income.

[crazi] 29/10/2020 07:18

1 Billion Profit.... NICE

[ekuuleus] 29/10/2020 05:39

If western governments didn't cover up vaccine failures, youbwouldnt have the anti vaccine movement you have here. The NHS bounces from cover up to cover up.

We've taken the mercury out of the vaccine and replaced it with thermisol. Go figure what that does to trust.

[kiwi2007] 29/10/2020 04:43

Regarding China and covid-19. You could take for gospel what's written by posters on here - or read The Lancet. Me? I think I'll go with The Lancet.

"In China, you have a combination of a population that takes respiratory infections seriously and is willing to adopt non-pharmaceutical interventions, with a government that can put bigger constraints on individual freedoms than would be considered acceptable in most Western countries”, adds Poland. “Commitment to the greater good is engrained in the culture; there is not the hyper-individualism that characterises parts of the USA (and UK), and has driven most of the resistance to the countermeasures against the coronavirus.” Poland noted that the Chinese accept the notion that disease control is a matter of science. “China does not have the kind of raucous anti-vaccine, anti-science movement that is trying to derail the fight against COVID-19 in the USA (and the UK)”, he said.

China's successful control of COVID-19