Lloyds Banking Share Discussion Threads

[pierre oreilly] 13/3/2020 13:42

Boris is quite surprisingly becoming quite a statesman imv. No longer a bumbling idiot (who's not really).

I disagree with his approcah to the virus. It is scientific advice considering only the spread of the virus, and not the wider social implications. To me, the implications of what's being proposed are a case of the cure being worse than the disease.

I think the stress many will face due to the financial situation millions will face will increase deaths due to stress (and extra suicides). In my guess, the deaths from stress will be greater than those saved by having a flatter infection curve.

What;s obviously best for the spread characteristics of the virus isn't necessarily best for society as a whole in my view.

Remove all restrictions, get back to normal, get exposed to the virus as we will anyhow, and get it over with asap. The frail should isolate themselves as best they can. The nhs may be overstretched more, but millions will be less stressed financially.

[asdb9] 13/3/2020 13:39

MinIll start by saying that i have not agreed with any of your posts before now. But this one i agree with 100%. What Boris is doing is give the virus a controlled free run. That way young fit workers can do thier 2 weeks isolation post infection and then be free to keep the country running. If you have a complete lock down for a month or 2, when you release it you are back to square one

[pierre oreilly] 13/3/2020 13:33

Shorting makes normal people monsters as they try their best to steal money off genuine investors (usually in micro caps, where shorting gangs sometimes work). Fine, if you hold the shares to short that number - that just comes from different views on different timescales. But naked shorting for pis is terrible for everyone except those who provide the service and take a big juicy cut. Naked shorting is basically destructive whereas investing is constructive. Anyone who thinks evil effin wotisface is doing society a service is mad imv. The liquidity argument is just absolute nonsense.

Ban naked shorting - it destroys lives, every time something makes a shareprice rise, like a takeover or speculation, then some shorters have their life ruined. Usually those who've made a few hundred quid successfully shorting. Losses are unlimited of course.

[cheshire pete] 13/3/2020 13:33

Agree Minerve and 5xy, Boris handling crisis well. Not afraid to share platform with experts Professor Whitty and Sir Patrick Vallance, which is reassuring as shows humility by acknowledging he doesn't know everything.

[k38] 13/3/2020 13:26

Aliens : ( planet mars ) postroned flights from Russia-European mission until 2022.

[k38] 13/3/2020 13:20

UK government: testing will now ONLY focus on identifying people with the virus in hospitals. .USA the worse yet to come. .Confirmed virus cases in Iran over 10,000.Kenya and Ethiopia confirm first cases of cvirus..First case in Immigration camp in Greece..fears for the worse.

[gotnorolex] 13/3/2020 13:06

FTSE 100 up 8.2 percent. Got to be just a Bear Market Bounce!
The worst is yet to come, can't see us going into the weekend at today's level blind.

[extrovert] 13/3/2020 13:00

Institutions lend stock all the time to short sell. Those who borrow are constantly selling and buying back before they have to declare their short positions which means that they can short as many as they like. Big holders like Black Rock will be able to lend stock to all their US buddies.

[smartypants] 13/3/2020 12:53

I think I have worked some thing out..
When LLOY gets to 40p the sells kick in!
BARC 110P
RBS 140P
What does this mean..?
I have the information but I don't know what to do with it!!!
Should I just wait for the div payout and shut up?

[xxxxxy] 13/3/2020 12:48

Seems Boris, government, NHS handling this well. Well done.

[xxxxxy] 13/3/2020 12:47

And No British fish for the Frogs.No Deal

[xxxxxy] 13/3/2020 12:41

?Brexit talks could be held via video link next week as both sides prepare legal texts on their negotiating positions. Meanwhile, coronavirus fears continue to send markets and shoppers into crisis, but British supermarkets are better prepared than most.Global markets recovering from worst day since 1987: Global markets took the full impact of the coronavirus yesterday as Governments took emergency measures to ease the economic effect. The main UK index dropped more than 10% in its worst day since 1987. UK companies such as BT group, Cineworld and W H Smith all issued warnings over coronavirus and how it could affect business following a drop in shares. The chancellor's budget on Wednesday set out plans to pump billions into the economy to combat the impact of coronavirus and ease the strain on UK businesses. Brexit talks to continue over videoconference: With the second stage of Brexit negotiations due to begin next week, they could now be held via videoconference to limit negotiators possible exposure to the virus. The UK and EU confirmed in a joint statement that the talks in London would not happen "in the form originally scheduled." Boris Johnson will be keen to keep negotiations rolling and not delay Brexit any longer than necessary with the statement concluding "Both sides are currently exploring alternative ways to continue discussions, including if possible the use of video conferences." UK and EU to asses the gap in demands: Brussels and London are expected to produce legal texts of their negotiating positions next week. It has emerged that both sides have agreed to 'dial down rhetoric' in order to be able to fully assess the scale of the divergence and properly consider both texts. "The moment you see the legal texts, that's when you see how good or bad things really are," one insider said. Barnier's premature draft: Chief EU negotiator, Michel Barnier has confirmed that he has sent an 'ambitious' draft to the EU parliament and its member states laying out the future deal with Britain. One European diplomat was less than happy with Barnier's decision, saying "Publishing the draft is not usual practice at this stage. It will only show that the EU and UK are on different tracks," and that "Barnier thinks it will show advantage but it doesn't. It will show that what we have is fundamentally different than what they have." Brexit stock measures help ease new demand due to coronavirus: Supermarkets across the country are under stress as the coronavirus drums up fear in shoppers who are now are stockpiling essentials. However, British supermarkets are much better prepared for the increase in demand than the rest of the globe as companies have been building up stock reserves in preparation for a no-deal Brexit scenario. Tom Enright, research vice-president of global retail supply chain at Gartner, has said companies have "reserves set up last year in preparation for a potential no-deal Brexit scenario," and that "Most of them reacted to that with extra stock of things – a lot of that stock is still around." With fears of the virus still sweeping the nation, supermarkets may have to dip into these resources to cope.  'Digital Dunkirk': At a Downing Street summit on Wednesday night, the UK's leading tech companies and artificial intelligence researchers offered up staff and technical support for the government in its efforts to fight coronavirus. Companies each promised different things with some committing engineering staff and data analytics but others like Uber and Deliveroo pledging to provide free rides for medical staff and keep the hospital workers fed. One attendee described the magnificent effort a "digital Dunkirk." On our site today: Today's article is written by Tim Bowling, who works on a trading desk in the City of London and campaigned for the UK to leave the European Union. He looks at how Brexit will allow the UK government to decide on its own procurement laws.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[minerve 2] 13/3/2020 12:40

Well, I do hope none of you bought the horrible tree shake yesterday. There could be more. Stay invested, keep some cash and watch this space.

[minerve 2] 13/3/2020 12:39

Actually with all the slagging I have to say that I do think, having studied in great detail, that Boris and his advisors are spot on with what they are doing. Closing schools is not the right thing to do. They need to remain open as long as possible and the virus be allowed to spread amongst the kids and teenagers.

Credit to Boris, when credit is due.

[crossing_the_rubicon] 13/3/2020 12:33

Panic? You Haven't Seen Anything Yet...



Note

"My rule is, always plan for the worst case scenario. This is why I am not personally “panicked” by the Covid 19 crisis. This is why many people I know are not particularly panicked. One does not panic when one is prepared"

Never a truer word written.

[minerve 2] 13/3/2020 12:32

"Mount Everest closes"

Oh dear, that's it then.

LOL

[alphorn] 13/3/2020 12:31

Spot any UK shares on the list:

[poikka] 13/3/2020 12:18

Legarde has blown her cover well and truly today, with Lane having to pick up the pieces.

I'm betting that EU countries, will adopt fiscal policies and that ECB will support them - while Legarde tries on a new scarf and make-up, ffs!

[crossing_the_rubicon] 13/3/2020 12:11

Who knows Poikka.

Seems to be the loons are in charge globally.

Hence all the idiotic decisions being made.

[poikka] 13/3/2020 12:10

This from Black Rock

"Markets are "confronting a new kind of challenge", says Rupert Harrison, portfolio manager at asset management firm BlackRock.

“The problem is that this is a physical disruption to the economy and central bank policies are not enough to address the challenge.

“Markets are falling rapidly because they are struggling to price the huge uncertainty over what the economic impact is going to be and whether we are going to have a global recession - which seems quite likely”

They are also responding negatively to “a lack of coordinated action from governments,” including the US travel ban, he told the Today Programme.

The UK has stood out as a country that has managed to come up with a coordinated response between Bank of England and treasury, and is getting cash directly to consumers, Mr Harrison added."

[mr.elbee] 13/3/2020 12:09

GOOD POST got no many thanks

[poikka] 13/3/2020 12:08

Hey, Rubi, let's not get into the blame game over the virus. Just as some like Hunt, for his own reasons, might like to say the government and its advisers have got it wrong, others are saying the UK is doing the right things.

I think that we can safely assume that our government is doing what it thinks is right on the information and advice it receives.