Lloyds Banking Share Discussion Threads

[maxk] 19/1/2020 12:37

PatientCapital19 Jan '20 - 12:30 - 290006 Nail on the head!

[minerve 2] 19/1/2020 12:35

Jacko07

Something is very simple, and I am sure as the great second-hand car dealer you once were (as alleged by yourself), you will understand that if you WANT TO SELL product to your largest customer then you'll need to acquiesce to their request or kiss goodbye to a living!

The fact that you see yourself as sovereign is irrelevant if you heavily depend on trade with other countries. As I have said many times before: in a world full of globalisation and world trade true sovereignty is a pipe dream. A government could exercise sovereignty - at the expense of trade - but soon will find itself failing when society realises the cost. ;)

I made millions because from an early age I understood who was paying for the food at my family's table! :)

[jacko07] 19/1/2020 12:34

Javid the Bus driver's son 1

Minerve the Remainer plonker 0

[patientcapital] 19/1/2020 12:30

"Same international standards". By definition not "EU" standards. They may very well be identical but that isn't the point.

[utrickytrees] 19/1/2020 12:29

Several on here may have forgotten Javid was the former Business secretary cant think of anyone better placed to have a valid opinion on EU alignment personally, as for cultural abandonment, the cabinet is further strengthened by the likes of Patel & Cleverley who underline the sort of diversity expected of a first class modern democracy.

[minerve 2] 19/1/2020 12:28

“Japan sells cars to the EU but they don’t follow EU rules.”
Sajid Havid is lying. The FT team knows he is lying. Javid knows he's lying.

Here are the details of the Japan EU trade agreement

"Motor vehicles – the agreement ensures that both Japan and the EU will fully align themselves to the same international standards on product safety and the protection of the environment, meaning that European cars will be subject to the same requirements in the EU and Japan, and will not need to be tested and certified again when exported to Japan. With Japan now committing itself to international car standards, EU exports of cars to Japan will become significantly simpler. This also paves the way for even stronger cooperation between the EU and Japan in international standard setting fora."

[minerve 2] 19/1/2020 12:23

8 out of 10 Toyota cars sold in Europe are built in European factories following EU standards, I will let the chimps assess the stupidity of that claim from the Chancellor that Japan sells cars in EU and don’t follow the standards. No alignment with EU, no access to EU market, UK’s largest neighbouring market. The Brexit boys need to stop telling lies, Brexit will come at a huge economic cost.

[maxk] 19/1/2020 12:22

More Mintripe!

[minerve 2] 19/1/2020 12:22

'Mr Javid said: “Japan sells cars to the EU but they don’t follow EU rules.”'

Yes they do!

@FT: when a politician tells you something factually incorrect, you have a journalistic responsibility to point it out and clarify if they're ignorant or lying, and then get them to explain themselves. Don't just sit there and parrot their line.

[minerve 2] 19/1/2020 12:17

Shower trays and pork pies have a rosy future, I heard. :)

[minerve 2] 19/1/2020 12:06

"The ruling passion of MPs is hatred"

Just like Brexiters then, eh? LOL

Match made in Heaven, or Hell?

[grahamite2] 19/1/2020 12:03

The ruling passion of MPs is hatred. That's why Major nominated Heath for a knighthood, because he knew how much it would annoy his own anti-Euro MPs. Corbyn nominating Bercow is more of the same.

[minerve 2] 19/1/2020 12:03

Hope you took the opportunity to buy into some of my share recommendations bob. :)

[xtrmntr] 19/1/2020 11:27

My colleague Royston Wild has examined the perils that might face Royal Bank of Scotland in the event of a post-Brexit slowdown, and I'd say he's pretty much on the money all round.The same is true for Lloyds Banking Group (LSE: LLOY). Despite a couple of blips upwards, Lloyds shares are down 22% over the past five years, and now find themselves languishing on a prospective P/E multiple of only a little over eight.The revelation by the Office for National Statistics (ONS) that the UK economy shrank by 0.3% in November is not a good sign as we head into 2020. Had it been just a rogue month, I wouldn't be concerned, but the ONS went on to say the economy is continuing to slow over the long term.Talk of an interest rate cut is adding to the pessimism, as is Bank of England (BoE) governor Mark Carney's suggestion that we might need some near-term stimulus.BrexitLloyds has no real European business to lose after having refocused itself as a UK-centric retail bank. But the saving from that one risk opens it up very much to the risks from the UK economy. While a bank with international operations can more easily withstand a downturn in an individual economy, Lloyds could be badly hurt by a UK slump.The bank has progressed well since the financial crisis, with a much healthier balance sheet and the ability to easily pass the BoE's stress tests - it came through the last one in December nicely ahead of the required benchmarks. But it's really open to a slowdown in UK demand, weakness in the mortgage market, and any accumulation of bad debts.Yield and coverThe Lloyds dividend is expected to yield 5.6% this year, and it would be covered 2.1 times by earnings - and I'm happily pocketing my dividend cash each year.But the rapid earnings growth of recent years is set to come to an end with a couple of flat years, though analysts are expecting the progressive dividend to keep growing. That would lift the yield to 6.1% by 2021, but would drop cover to 1.9 times - not a huge worry, but I don't like to see things like dividend cover going in the wrong direction.Still, saying all of that, I still think Lloyds is a buy at today's valuation... providing we don't crash out of the EU with no trade deal.Deal or no-deal?Will Boris go back on his word and agree an extension if 11 months isn't long enough (which it really doesn't seem to be)? We really do need a good trade deal to avoid an economic disaster, and that's the thing I think could give Lloyds a boost.I see much of the Brexit pessimism already built into the Lloyds share price, and I reckon that P/E of eight is way too low for a post-EU trade deal situation. Should we get a deal, I can see a P/E of 10 to 12 coming soon after, suggesting a share price of between 70p and 84p.Dividend yields would be around 4-5%, which seems about right, long term, for a bank.

[bargainbob] 19/1/2020 10:44

Lloyds is a tasty bite for a US banking group .

[xxxxxy] 19/1/2020 10:26

Corbyn. One despicable supports another despicable.RememberRemind when time comesLet's kick the Labour Party out of Wales

[xxxxxy] 19/1/2020 10:20

2.8% growth would be greatBy JOHNREDWOOD | Published: JANUARY 19, 2020The Chancellor gave us an upbeat message yesterday in  his FT interview.  He is putting growth at the forefront of his economic policy, as I urged. He thinks we can achieve the average  growth rate since 1945 of 2-.7-2.8%. It's a bold ambition, given the poor rates of growth we have witnessed in the advanced world since the banking crash and Great Recession in 2008-9. Most forecasters now think the trend rate of growth is more like 2% than 3% from here, with some now thinking the UK and the Euro area can only manage 1.5%.On Tuesday I am  leading a debate in Westminster Hall for 90 minutes on how we can put in place a Growth strategy. We clearly need to reverse Mr Hammond's fiscal squeeze, as the government has promised to do. The state debt rules hold the EU in thrall and help keep growth down because they keep taxes up.  They do not flex for the Laffer effects of lower rates bringing in more growth and in due course more revenue. The USA went for big tax cuts in 2016 and delivered much faster growth than the EU as a result.  We clearly need the Bank of England to get in line with all the main Central Banks of the world and have a policy which fights slowdown and recession  instead of promoting slowdown. I have written plenty about that since the spring of 2017 when the Bank started to tighten.Today in preparation for the debate I am asking  for ideas on which taxes and which tax rates should we cut to get faster growth. There are three broad categories, tax on transactions , tax on work and income, and taxes on growing a company and owning and managing assets. Some of the tax rate cuts could bring in more revenue, some will result in lower revenue.Transaction tax cuts  to consider that could boost growth include Stamp Duties, Vehicle Excise Duty, and VAT on some purchases.Taxes on employment and income include Income Tax, National Insurance., the Apprenticeship levy, and  IR35.Taxes on managing and owning businesses and assets include Capital Gains Tax and Business rates .

[cheshire pete] 19/1/2020 10:02

Her Majesty has shown it can be done with hard Megxit...go go go Boris with hard Brexit.