Lloyds Banking Share Discussion Threads

[cheshire pete] 10/1/2020 11:17

Yes stoned we are leaving. Now Boris has made the commitment, we will not only leave but we have to be seen to have left, which means no behind the scenes skulduggery with the EU to stay in.

[alphorn] 10/1/2020 11:05

The worry is that Lloyds rumours in the past have usually been correct. Commercial provisions plus lower interest rates?

[alphorn] 10/1/2020 10:59

Stoned - anyone who has a sole focus on Lloyds must be a fool; but then I doubt that you own one share and probably think that short relates to someone's height. Stoned - the king of fools.

[alphorn] 10/1/2020 10:56

Many believe that these models to steal PI money are dead - no, they are better disguised.

[alphorn] 10/1/2020 10:54

Pierre is completely correct with his #175.

I would add that the use of funds and particularly fund of funds etc is verging on the criminal. There is so little to be made from investment that the ability to move funds around and pocket commissions as they go is too tempting for the unscrupulous. To make matters worse some agreements are geared for up front commissions by placing penalties of early withdrawals etc.

One of the biggest frauds in history was the IOS scandal where the funds were so big that they moved global markets. A great book on the subject is "Do you sincerely want to be rich". Bernie Cornfeld & Co.

[crossing_the_rubicon] 10/1/2020 10:51

@Graham,

"I hope the courts throw all this out. The idea that any time an investment doesn't work out, you have a legal claim against someone, is profoundly unhealthy"

Agree.

It was always obvious that Unquoted illiquid stocks and OEICS/Unit Trusts were not very good bedfellows. Woodford screwed up, should have gone the Investment trust route for his excessive unquoted weightings.

That's why I never invested in any of his funds despite following his "blue chip - high yield approach" for years.

[alphorn] 10/1/2020 10:47

grahamite is asleep at the wheel; the gains of being bearish GBP have been significant. He is so fixed on Lloyds as the only share in town that he has completely missed the other opportunities.

[cheshire pete] 10/1/2020 10:44

New cod war...so what. That's why we have a navy isn't it. Too soft these days, escort them out of our waters and if they won't go use them for target practice. That's what they'd have done in the days of Nelson and Drake when we were a great seafaring nation.

[scruff1] 10/1/2020 10:42

Firstheadline i read 'mkts rally as ME tensions ease'. Then i see lloy down 2.5 ‰ Why? Whats the bad sign today?

[stonedyou] 10/1/2020 10:41

Brexit: MPs give final backing to Withdrawal Agreement Bill



MPs have given their final backing to the bill that will implement the UK government's Brexit deal.

The Commons voted 330 to 231 in favour of the Withdrawal Agreement Bill and it will now pass to the House of Lords for further scrutiny next week.

If peers choose to amend it will it come back before MPs.

The bill covers "divorce" payments to the EU, citizens' rights, customs arrangements for Northern Ireland and the planned 11-month transition period.

The UK is due to leave the EU on 31 January.




The bill comfortably cleared its third reading in the House of Commons, as expected, with a majority of 99. All 330 votes in favour were Conservative.

It took just three days for the bill to pass the remaining stages in the Commons, after MPs gave their initial approval to the legislation before the Christmas recess.

Theresa May - Boris Johnson's predecessor in Downing Street - repeatedly failed to get her Brexit agreement passed by MPs, which led to her resignation as prime
minister.

[pierre oreilly] 10/1/2020 10:40

imv, the selling of just about any fund/pension is legalised theft. The problem isthat 10 years down the line someone decides it's illegal theft.

I find it amazing how so many go to an ifa and 'invest' in some fund or other. Don't they realise that all the losses are on the holder, and half the gains are taken by the fund? (A recent study showed thse building a pension pot have a value equal approx to the total fees taken). ffs, it's bleedin obvious with the city salaries and bonuses.

And even now, so many are still very pro funds, funds of funds and fund of funds of funds. Crazy.

[gwatson56] 10/1/2020 10:39

Overweight Morgan Stanley increased TP to 75p from 72p from Morning Star this AM.

[maxk] 10/1/2020 10:36

EU warns refusal to give access to UK fishing waters after Brexit could lead to new cod war



James Crisp, brussels correspondent, zagreb
9 JANUARY 2020 • 2:56PM



Failure to grant the European Union access to British fishing waters after Brexit could lead to an outbreak of cod war style hostilities, the EU has warned.

Brussels is demanding continued access to British waters as a condition of the trade deal but Boris Johnson has warned the European Commission that Britain will take back control of its waters once Britain leaves the EU.

“We want to avoid any fisheries skirmishes in the Atlantic. We have seen them before we don’t want to see them again,” Croatian Prime Minister Andrej Plenkovic said at a press conference with Charles Michel, the European Council president in Zagreb.

Icelandic gunboats forced British fishermen out of their waters during the cod wars in the 1970s. More recently French fishermen fired flares and threw rocks at British boats during a dispute over scallops in the Channel....

[gotnorolex] 10/1/2020 10:35

Min,BB,Ladeside So better watch your Ps & Qs then!

[minerve 2] 10/1/2020 10:34

grahamite2

"The idea that any time an investment doesn't work out, you have a legal claim against someone, is profoundly unhealthy."

I generally agree with you on this but with Woodford and HL it went much deeper than just wrong investments.

The fund was effectively mis-sold. WEI was almost a VCT posing as an income fund. HL played a role in this by labelling it under income and keeping it in its top listings when performance had been dire for years. WEI even placed companies on poor tier stock exchanges in order to circumnavigate liquidity rules and then got in a game of non-arm's length transactions with WPCT in order to do the same. HL continued to sell the failing fund and Woodford and his partner continued to pay themselves millions in dividends knowing the failing liquidity would seriously and eventually hit the funds NAV.

[grahamite2] 10/1/2020 10:31

LADESIDE 10 Jan '20 - 10:22 - 289167 of 289170
0 1 0
It's maybe what's needed minerve.

A hard right Government

Let's not run until we can walk, eh? A government that was right wing in any way whatsoever would be a start, before we even think about a hard right government. It would also be something we haven't seen for nearly 30 years.

[minerve 2] 10/1/2020 10:26

Absolutely BB/LADESIDE.

[grahamite2] 10/1/2020 10:22

Investors considering claims against Mr Woodford, his investment company, Hargreaves Lansdown, independent financial advisers, Uncle Tom Cobley and all. (NOT verbatim!)



I hope the courts throw all this out. The idea that any time an investment doesn't work out, you have a legal claim against someone, is profoundly unhealthy.