Lloyds Banking Share Discussion Threads

[alphorn] 23/5/2019 10:26

"Off to Zurich now - looks a good day - keep imploding".

Well done - you have exceeded my expectations and there is more to come no doubt.

……...230;………...in the meantime I see that it is still everyone else's fault.

Can't wait to see who is to blame once Brexit has happened.

Many of the posters here must be ex-British Rail - the wrong type of leaves etc.

[kpe] 23/5/2019 09:53

Brilliant post maxkI read an article yesterday quoting that since the start of Britain producing steel in the 1800s to current day, it took China three years to produce the same amount. Unbelievable......

[hernando2] 23/5/2019 09:44

I don't recall any ignoring of state aid...could you point mean the right direction, the bailing out of the banks was all signed off as far as i am aware.

Perhaps i have missed some

[ladeside] 23/5/2019 09:42

The UK ignore the state aid rules when it suits them as we all well know. If it was the Finance sector you could rest assured that the bail out would have already happened without batting an eyelid.

That said, in this case I don't believe a bail out should happen in order to protect a foreign hedgefund (or any hedgefund for that matter), they should be taken to task and made pay back all the money that they've taken out the company since they purchased it for a £1.

Filthy thieving barstewards..........

[rayrac] 23/5/2019 09:18

Rayrac14 Dec '17 - 16:14 - 250 of 3429 Edit
0 1 1
More volatile than almost anything on AIM. Why I bought these for portfolio stability I’ll never know. :(

Note the date...also that I lost patience long ago.

Watching paint?

[gbh2] 23/5/2019 09:09

Goes to show just how useless Broker targets are, probably why they've stopped issuing them.

[ekuuleus] 23/5/2019 09:08

Pricing in euro election results. Already trimmed lloyds but will hold the rest for now.

[hernando2] 23/5/2019 09:00

Interesting that the vulture fund that owns British steel already has had a loan from the UK government, 150 million i read,

It then bought 50% of a French steel mill for 47 million the French government bought the other 50%. It was bought out of bankruptcy.

This was after the EU removed British steel from the carbon tax system , thus ensuring that British steel had to pay up front.

Of course no worries for the French on state aid rules...

No favoured treatment for the French

[ladeside] 23/5/2019 08:56

Rather selective in your post regarding EU grants, were you not ??

[likeawalrus] 23/5/2019 08:44

It feels as though the market is heading for a correction, there are too many storm clouds, Trump & China, Brexit, mounting losses in the high streets, an incompetent PM, a (dangerous) clown of an opposition leader, etc. I can see Lloyds hitting 50p again in the next month...

[jordaggy] 23/5/2019 08:39

BofA Merrill Lynch expects Lloyds Banking Group PLC (LON:LLOY) to see a £2.0bn revenue headwind as it tries to manage the trade-off between growing its mortgage volumes and sustaining its net interest margin in the face of increased competition and a lack of UK interest rate rises. In a note to clients following results on Tuesday from Lloyds’ rival Nationwide Building Society, analysts at the US bank pointed out that at £9.6bn of gross mortgage lending in the first quarter of 2019, Nationwide's 14.5% share of the market was "well ahead" of Lloyds's at 13.1%, despite the former being much smaller. READ: Nationwide anticipates further squeeze on margins from competitive mortgage market The BofA ML analysts said: “This is no flash in the pan, with Nationwide's share of new business above its stock for three consecutive quarters.” They added: "Future new business volumes will likely reflect pricing but Nationwide intends to stay competitive and consequently expects the current pace of margin decline to continue." The analysts pointed out: "Lloyds is likely to continue trying to mitigate the margin pressure but its weak 1Q19 lending highlights mortgage borrowers' price sensitivity. "We estimate that this results in a £2bn income headwind 2018-21E that is hard to fully offset with growth in other parts of the balance sheet." BofA ML reiterated and ‘underperform’ rating on Lloyds’ shares with a target price of 55p. In late morning trading, Lloyds shares were 1% lower at 59.89p.

[k38] 23/5/2019 08:15

006 Good post.That's part of the problems EU 'leaders' (Germany &France) creating to control countries and economies benefits themselves. Immigration is another.

[k38] 23/5/2019 08:11

I will buy between 58 and 56 and hope for the best but in my opinion 56 will hold.

[diku] 23/5/2019 08:06

Anybody think tomorrow 7pm or Sunday 7pm May steps and the June vote is pulled...what is the point of waiting for early June vote to be defeated and then she steps down?...something to talk about over the bank holiday w/end...

[hamnavoe] 23/5/2019 08:06

A link for XXXXXY

target='window'>https://www.zerohedge.com/news/2019-05-22/uk-deep-state-plots-thwart-brexit

[maxk] 23/5/2019 08:02

E-Mail doing the rounds, pass it on





Lest we forget


Just to concentrate minds. on who to vote for.



2011 - Cadbury moved to Poland with EU grant.

2011 - Ford Transit moved to Turkey with EU grant.

Jaguar Landrover new plant in Slovakia with EU grant, sold to Volkeswagen last week.

Peugeot closed Ryton plant (was Rootes Group) moved production to Slovakia.

British Army's new Ajax armed vehicles to be built in Spain using Swedish steel at the request of the EU to support jobs in Spain with EU grant instead of Wales.

Dyson goes to Malaysia with an EU grant.

Crown Closures Bournemouth (was Metal Box) gone to Poland with EU grant. Once employed 1,200.

M&S manufacturing gone to FE with EU loan.

Hornby Models gone. All toys and models gone from UK with patents… all with EU grants.

Gillette gone to E. Europe with EU grant.

Texas Instruments Greenock gone to Germany with EU grant.

Indesit at Bodelwyddan Wales gone with EU grant.

Sekisui Alveo said production at its Merthyr Tydfil foam plant will relocate to Roemond Netherlands with EU funding.

Hoover Merthyr Tydfil factory moved out of UK to Czech Republic and the Far East by Italian company, Candy with EU backing.

ICI integration into Holland's Akzo Nobel with EU bank loan. Within days of the merger, several UK factories were closed eliminating 3,500 jobs.

Boots sold to Italian Stefano Pessina who've based their HQ in Switzerland to avoid tax to the tune of £80 million a year using an EU loan for the purchase. Now issued profit warning last week.

JDS Uniphase run by two Dutchmen who bought up companies in the UK with £20 million EU 'regeneration grants', created a pollution nightmare and just closed it all down leaving 1,200 out of work and an environmental clean up paid by the UK taxpayer. They also raided the pension fund and drained it dry.

UK airports owned by Spanish company.

Scottish Power owned by Spanish company.

Most London buses are run by Spanish and German companies (Deutschebarn).

Hinkley Point C nuclear power station to be built by EDF (Energie de France) part owned by French Govt. using cheap Chinese steel which has catastrophically failed at other nuclear installations. EDF now says the costs will double and it will be very late if it even does come online.

Swindon once made rail locomotives and rolling stock. All transferred to Bombardier in Derby due to their losses in the aviation market will see the end railway manufacture altogether. Bombadier got a grant to keep going in Derby, but diverted it to their loss-making aviation site in Canada.

39% British invention patents have been passed to foreign companies mostly in the EU.

Mini cars are built by BMW in Holland and Austria.

Fans outrage as foreign firm Nestle shrinks Terry's Chocolate Oranges by 10% but price remains the same.

And the last is the destruction of our steel industry. We invented the process in 1856, before Henry Bressemer everything was made of cast iron or bronze/copper! British Steel's receivership loses 25,000 jobs. Makes us dependent on poor quality imports (see above Hinkley Point C) with the knock on effects to manufacturing.



Anyone voting for the parties currently in Parliament is a traitor.

[xxxxxy] 23/5/2019 07:18

The last days of Mrs May


By JOHNREDWOOD | Published: MAY 23, 2019
Yesterday more authority drained away from the Prime Minister. By the time she got to her Statement of her revised offer on the Withdrawal Treaty the Conservative benches were much more than half empty. Those of us who stayed explained again why we opposed her draft Treaty. The front bench contained mainly her hard core pro EU supporters, Philip Hammond, David Liddington, Amber Rudd, Greg Clark, Rory Stewart and James Brokenshire. It was a fitting visual backdrop for a Statement which failed to appeal to new votes in a Commons which has already voted it down on three separate occasions.

I gave the PM the opportunity to say something to Leave supporters around the country, explaining again to Mrs May that many who voted Leave do not regard the Withdrawal Treaty as leaving. It binds us into EU rules, payments and the rest for a further 21 to 45 months with no guaranteed clean way out at the end of that period.She had nothing to say to us. She repeated the mantra that her Agreement was leaving without tackling the strong hostility to it in the country and the obvious facts that it locks us back into making big payments, accepting all their laws and allowing freedom of movement for many more months.

I find it curious that the Cabinet has not yet moved to explain to the PM that she cannot continue. A number of the Cabinet want to run for Leader, and some are actively running proto campaigns for the role of PM. They should first remove Mrs May. It is against the spirit of decent conduct to be campaigning to replace her whilst in cabinet saying they support her and her policies. It may also make it much more difficult for any of them to win, as their first leadership task is to show they know how to secure the exit of the PM they wish to replace. By evening we got word that at last one member of the Cabinet resigned because she could not go along with the Withdrawal Treaty Bill after all.Still we are not allowed to see the Bill, so worried is the government about it.

If Mrs May somehow manages to struggle on into June and puts her Withdrawal Agreement Bill to the vote, those who vote for it will demonstrate they do not understand the mood of the nation or the nature of task of rebuilding support for the government.

[xxxxxy] 23/5/2019 07:08

We are where we are.

Vote for the Brexit Party