Lloyds Banking Share Discussion Threads

[essentialinvestor] 06/3/2020 12:22

There's a misunderstanding about vaccines, it takes time to manufacture in quantity,
which is why you often seen major phama reference vaccine shortages.

An antibiotic you can manufacture more simply in industrial size volumes. This will take time.

[action] 06/3/2020 12:20

Will carry on till end of year when they are expecting to find CV CURE

[ignoble] 06/3/2020 12:19

Sorry to hear that Essential
Can't be easy...
Hope you are handling it as well as you can.
Do so agree, the hard part of life is keeping it simple.

[alphorn] 06/3/2020 11:59

For those option writers.
A September (6mths) put option with a strike at the current share price gives you 4.5p.
A big return for the brave.

[essentialinvestor] 06/3/2020 11:57

Ignoble, in terms of happiness, choice of partner and simplicity is the key imv.

Then again, as I live with major depression perhaps not best suited to offer a view!!.

[ignoble] 06/3/2020 11:57

Anway
Glad I had my flu jab this winter
Waste of time that was and no doubt massive expense to the NHS.
Lol

[ekuuleus] 06/3/2020 11:54

gaffer - I bought SUK2 yesterday. Its a ftse 2x short. They would offload the risk in the market.

[alphorn] 06/3/2020 11:53

Ladeside - I agree. It was all about shifting the investment risk from the provider to the employee.
It is an enormous problem for those future retirees.

[minerve 2] 06/3/2020 11:53

95% of cases in 9 weeks and it is done. We just need to know whether their modelling is correct - which I doubt very much it is - and when the 9 weeks begins so we can put it to the test.

[ignoble] 06/3/2020 11:52

Lol
True...

[minerve 2] 06/3/2020 11:52

"If people have it, have no symptoms, spread it then how can they be traced? If someone gets it, they ask if they've been near anyone with symptoms, not if they've been near people without any symptoms. I'm repeating experts btw, not guessing."

Come on Pierre!


If you trace symptomatic cases you are by definition tracing asymptomatic cases. That is why to some extent the issue of what the Chinese were defining as cases is to some extent irrelevant. The trends are important and the correlation between symptomatic cases are important. The others you cannot account for but that doesn't mean you forget the rest.

[essentialinvestor] 06/3/2020 11:50

Well it is a financial site!.

[crossing_the_rubicon] 06/3/2020 11:49

Essential

A recession is guaranteed.

The question is merely how deep and how long imo

[careful] 06/3/2020 11:48

It is tempting.
This virus thing could blow over quickly.
Most people have mild symptoms and recover quickly.
And to be brutally logical the fatal effects on elderly retired people are not economically significant.

45P for Lloy seems so cheap, a contrarian play.

However if bad debts and non performing loans take hold all banks will suffer, again.

[ignoble] 06/3/2020 11:48

Seen it all before...
We will wake up tomorrow and life goes on....
Ruddy obsession with money is the downfall of society
Be Happy in yourself...

[maxk] 06/3/2020 11:47

But Broon saved the world!

[ladeside] 06/3/2020 11:45

Alphorn, The problem is that most are on money purchase schemes / defined contributions nowadays.

There's very few defined benefit schemes remaining and those that are remain mostly closed to any new personnel and frozen for others.

Another scandal, much of it down to Brown in this case.

[poikka] 06/3/2020 11:43

Just how this is going to play out is anyone's guess. Just how are central banks going to react, now that in the EU - and the US and UK - they've more or less run out of options.

When investors are paying the German Government for owning German bonds, for example, or when there are negative corporate bond yields, meaning investors are paying companies for owning their debt, we truly are in a crazy world.

The virus, hopefully, might just concentrate minds on the foolish policies that have been adopted: in the US to feed an ego; in the EU to try to keep an economic and social experiment, alive, and elsewhere to prop up governments, or counter the burden of uncontrolled immigration.

There will probably be blood, and there should be blood.

[essentialinvestor] 06/3/2020 11:39

Lloyds have large exposure to credit cards, commercial property, small and medium size
businesses, car finance and a residential mortgage book. The later I would
not worry to much about.

[maxidi] 06/3/2020 11:38

Just bought a few more. Probably a wrong move. :o(
Hey ho why worry.

[alphorn] 06/3/2020 11:37

The pension impact is always troubling for those on money purchase schemes - it is more hidden.
Why would gilts be immune? If the yield is the same or less than inflation it is just a slower 'problem'.

[maxidi] 06/3/2020 11:36

And his house is very small !!! lol

[smartie6] 06/3/2020 11:32

I believe they will all bite in that order. We’re truly screwed!

[pal44] 06/3/2020 11:31

has anyone gone to Minny house ? I bet he has wood chip on the wall !

[alphorn] 06/3/2020 11:29

IMO there are three parts to any recession question:
- global impact from CV
- global impact from any global downturn
- domestic impact from the Brexit trade talks

Take your pick - or all of them.