Lloyds Banking Share Discussion Threads

[patientcapital] 21/12/2019 12:38

Or Indian!

[patientcapital] 21/12/2019 12:38

You could have bought Japanese lol.

[gotnorolex] 21/12/2019 12:19

Somebody tell SKY.....Estonia is Baltic, not Balkan!

[optomistic] 21/12/2019 11:57

A reminder as to the payment of dividends in 2020:

In what months will you pay quarterly dividends?

The new approach will be to adopt three equal interim ordinary dividend payments for the first three quarters of the year followed by, subject to performance, a larger final dividend for the fourth quarter of the year. The first three quarterly payments, payable in June, September and December will be 20 per cent of the previous year’s total ordinary dividend per share. The fourth quarter payment will be announced with the full year results, with the amount continuing to deliver a full year dividend payment that reflects the Group’s financial performance and our objective of a progressive and sustainable ordinary dividend. The final dividend will continue to be paid in May, following approval at the AGM.

[alphorn] 21/12/2019 11:25

A very simple example of regulations when it comes to goods. In the UK there is no limit to power outputs of vehicles to be street legal. Probably the only country. None of these vehicles are legal in other countries. Best example that I know are the Red Victor (I, II and now III) Vauxhalls. Red Victor II has over 2,000hp.

You can not produce goods that are not legally accepted in other countries; your exports will be zero.


For entertainment here it is last month:

[alphorn] 21/12/2019 11:13

max #507. I doubt that very much (for goods). Weasel words IMO to fool the masses. We shall see.

SR - those stats are probably correct for long only positions.

[minerve 2] 21/12/2019 10:51

Actually the sale of Cobham, even though my event arbitrage will pay me a certain decent annualised percentage (which I disclosed this opportunity to you all), is disappointing. This company would have been an excellent investment for the small/private investor over the next 5 years. That is the problem with QE and low interest rates ATM. Too much capital slushing around taking away opportunity for all. PE is mopping up good companies and spitting the remains out to us when finished.

[minerve 2] 21/12/2019 10:46

The government has approved a US private equity firm's takeover of UK defence and aerospace company Cobham.



I suppose the crony capitalist chimps think this is acceptable.

PE are not known to be on the right side of the scale when it comes to pumping in R&D capital. Not something you really want to know when it is the UK's defence capability that might be sacrificed.

'Sovereignty'? LOL Don't make us all laugh................yet again!

[1carus] 21/12/2019 10:19

The interest rate thing is a trap. Society has moved away from higher interest rates which meant a large portion of income went into mortgage repayments, It still does, as prices have moved up to keep the payments effectively the same. Down side with the new model is that savers get nothing back for money in the bank or even a cash isa. Even in the 00s i had a Halifax webserver account paying nearly 6pc. At the start of our careers back in the 90s i had a bt contract for my mobile brick for about 17 quid a month, 15 quid a month for virgin dial up, People on low wage choose to spend their disposable on much more expensive broadband, tv and mobile contracts... not all of them... but the latest phone is carried like a piece of bling, a social statement. People have changed what their prioties are, the youth are way more 'disposable' than us old folk by some margin, nobody walks anywhere, online shopping causes many transport journeys for individual items, home delivery services from the local dominoes is just crazy. Short term lending is very high 20pc Apr or more, but always has been. I can't see what damage increasing rates would do, other than move people's priorities in spending, It would certainly help people saving for the future and cap house price increases. We can't just hike them up to 5pc, but a gradual increase say over a 10 year period should be doable.

[mr.elbee] 21/12/2019 10:01

Bailey is an out of his depth useless no hoper,totally asleep on his watch while at the FCA allowing loonies to take over..

but better than the alternatives and will basically do as he is told,unlike Carney.

So a good choice IMHO

The bank was never really ever independent AND now the Treasury will be able to tell him what to do so we will have coherent macro economic policy for the first time for a long time.

So I wouldnt worry about it all Chief.

[chiefbrody] 21/12/2019 09:35

Cutting rates ain't the answer. Look how much damage its done.

[xxxxxy] 21/12/2019 07:43

Central Banks have plenty of optionsBy JOHNREDWOOD | Published: DECEMBER 21, 2019The Bank of England has uniquely amongst the larger Central Banks of the world set its policy against promoting growth. The rest of the world's leading Central Banks have been loosening policy this year to prevent the global slowdown becoming a  recession. How are they doing this? What are the Bank of England's options?Some have simply been cutting interest rates. Some have lowered reserve asset ratio requirements, which is a way of allowing commercial banks to lend more for the same amount  of capital they hold. Some have made available cheap facilities for commercial banks to borrow if they will lend more to the real economy they serve. Some have undertaken full Quantitative easing, creating money to buy bonds and ETFs to drive asset prices up and keep interest rates low. Some have injected more money in through the money markets.I am not proposing a resumption of Quantitative easing in the UK. Nor  does the Bank have to cut interest rates, though taking 25 basis points off the 0.75% interest rate would send a signal. Better would be to relaunch Funding for lending, a scheme to provide more money for commercial banks to support investment and larger consumer purchases in the economy. The Bank should also cancel or defer its recently announced doubling of the counter cyclical capital buffer.There will be those who object that the Bank is independent , so the rest of us should not discuss these matters. How wrong they are. In a democracy the Central Bank, owned by taxpayers, has to be answerable to Parliament and people. The government has just appointed a new Governor, so presumably they have discussed with their preferred candidate how they see the task ahead. The Labour government legislated to make big changes to the functioning of the Bank, taking away substantial powers it needed to regulate and guide commercial banks and money markets. The Coalition government legislated to put those powers back. Government and Parliament settle the aims of Bank policy and can change those if they wish. There has to be continuous dialogue between Central Bank and Treasury as they are both having influence over the same economy. It helps if they are both trying to achieve the same purpose.The Governor is accountable to Parliament and comes to give evidence of progress. The Bank works closely with the Treasury, particularly at budget time. The two institutions do not usually diverge much in their forecasts. The new Governor has to understand there has been a  big change of economic policy with the change of government. The target of reducing state debt as the main aim of policy has gone. The promotion of growth now lies at the heart of the new fiscal framework. It must also inform the Bank's work. The Bank of course has to keep to the inflation remit but needs to understand the shift of its parallel aim of helping promote growth and good levels of employment. Currently there is no inflation threat in the advanced world and no inflation problem in the UK.Let's hoper others join in the call for a change of approach at the Bank of England. They have fought inflation successfully. They now need to join the mainstream of world Central Banks and fight against slowdown.

[utrickytrees] 21/12/2019 07:38

Alignment? It's a bit ambiguous, all m2 wants to know is will he still be allowed in Tescos in his French maids outfit, and are they going to keep glory hole in the toilet cubicle? Must be a worrying time but I'm sure I've read that these sort of activities wont be illegal for remainers in the future, just not compulsory any more.

[maxk] 20/12/2019 23:18

Boris Johnson insists there will be 'no alignment' with the EU after Brexit



Gordon Rayner, political editor Peter Foster, europe editor James Crisp, brussels correspondent
20 DECEMBER 2019 • 9:30PM



Boris Johnson insisted that Britain would not follow any EU rules after Brexit as he set up a showdown with Brussels over a trade deal.

The Prime Minister made clear that he would pursue a hard Brexit by saying there would be “no alignment” between the two sides, defying the EU’s claim that it was a “must” for any future relationship.

On a historic day for Britain’s relationship with the rest of Europe, the Brexit “divorce” Bill sailed through the Commons with a majority of 124 on Friday, and will become law on Jan 9, enabling a Jan 31 exit and for trade negotiations to begin in earnest.

It brought an end to three and a half years of indecision in Parliament, and “means we are one step closer...

[cheshire pete] 20/12/2019 21:55

Stormzy Corbyn supporter nuff said.

[jl5006] 20/12/2019 20:55

That says it all for the SNP

[dr biotech] 20/12/2019 20:19

In addition shares in banks, which closely tied to the UK economy, ended firmly in the red amid no-deal Brexit fears. Lloyds Banking, Royal Bank of Scotland and Barclays ended down 2.3%, 1.7% and 2.7% respectively.

"UK stocks showed more of a reaction to the increased probability of a no trade deal Brexit with domestic focused stocks such as house builders, UK banks and retailers all dominated the FTSE loser board. Its telling that the more domestically focused FTSE 250 was in negative territory," said GAIN Capital's Fiona Cincotta.

[freddie01] 20/12/2019 20:14

Shameful moment 'rude' SNP MPs laugh during Suella Braverman's speech - 'Utter contempt'

BREXITEER Suella Braverman was jeered by SNP MPs during her speech in the House of Commons on Friday, in an act described by some followers of the Brexit debate as "utter contempt".