Lloyds Banking Share Discussion Threads

[minerve 2] 14/3/2020 11:50

Most deaths in Italy are a factor of three things:

Sleeping on the job when it was creating a critical mass undetected.
Italians are the oldest society in Europe.
Infections were massive and concentrated leading to health service overload.


We haven't got any of the three here in the UK.

[minerve 2] 14/3/2020 11:48

The Italian situation will start to recover in about a week IMO.

[pawsche] 14/3/2020 11:41

@careful - 13 Mar '20 - 22:35 - 296453

Talk of 40-50m being infected.
Hard to believe.

Certainly is. Let's look at the success rate of previous pandemic predictions..

"Millions will die" - Predictions versus reality.

Worldwide...
SARS - Predictions of "millions of deaths". Actually 774 (WHO).
Avian (Bird) Flu - WHO prediction of 2 - 150 million deaths. Actual 455 (WHO)
Swine Flu - was actally quite a "bad one". Predicted 7.5 million deaths, actually 284,000 (CDC) or 18,449 (WHO, only laboratory-proven cases quoted).
(CDC figures for the USA alone were 60.8 million cases, 12,469 deaths.)

For the UK...
SARS - 4 cases, zero deaths.
Avian Flu - 75,000 deaths predicted, actual deaths = zero.
Swine Flu - 3,100 - 65,000 deaths predicted, actual deaths = 138 from 540,000 reported cases (0.026%). (NHS).
BSE was going to cause "millions of deaths", actually 178 deaths from NvCJD.

So pardon me for being somewhat cynical, even though at 70+ with a heart condition I'm in the "at risk" bracket.

It worries me that the near-hysterical overreaction of shutting everything down is going to cause massive economic damage for toss-all health improvements.

[maxidi] 14/3/2020 11:31

careful

You seem to love doom and gloom instead of grasping the nettle and thinking more positive. All will be well in the end IMHO and I for one welcomed the drop in LLOY and others as an opportunity to buy for the future.

As for the excess in cars and holidays, well, would you rather live in the back streets of Bulgaria and travel by donkey.

I love having a car and a big telly and all the other luxuries a modern country has to offer. Come on now you must admit you like modern comforts or maybe you covet a donkey cart.

[orchestralis] 14/3/2020 11:18

IAG or EZJ

[minerve 2] 14/3/2020 11:16

Government's current action is the right thing to do IMO. It will however cause problems with other countries including flight bans.

I'm tempted to look at buying an airline. It has to have the best balance sheet of them all and a great percentage of freight in its returns....

Any airline experts amongst us?

[gotnorolex] 14/3/2020 09:53

If you're 40% down, it's too late anyway, if you're portfolio is down to a level where it looks attractive to buy in, then it makes sense to stay put and ride it out.

Saw this somewhere!
"Wash your hands. Ignore the markets. Don’t touch your face. And don’t touch your stocks".

[maxk] 14/3/2020 09:51

Stock up with bog paper .. hurry!

[careful] 14/3/2020 09:39

On the subject of investment, what do we feel is the best strategy?
What is our cash/shares ratio?
If we think there is another 35% down to come should we liquidate our shares?
or should we hold and look away, wait for this to pass?


Decisions decision, it is easy for us to study past crashes and to work out what we should have done, but each crash is different.

I am thinking of doing nothing and I have a decent cash holding.

[careful] 14/3/2020 09:34

We all needed shock.
Too much debt, too many cars on the road, too many overseas holidays, flat screen tv's, meals out, wine.

Ordinery people doing ordinary jobs live like millionaires from past times.
Most of the World, at least as educated and capable as we, are very poor by our standards.

The great levelling up has begun.
It was inevitable.
If you think Joe average could have carried on enjoying a lifestyle of excess many times more luxuries than his counterpart in the rest of the World you are living in fantasy land.

We are all going be poorer, the era of bling for the masses is over.

[xxxxxy] 14/3/2020 09:29

Closing schools?By JOHNREDWOOD | Published: MARCH 14, 2020The Republic of Ireland and Scotland have closed their schools. The rest of the UK has not. I invite views on this.I do not have a strong  view myself as I am not an expert on the virus and do  not have access to much of the  medical and statistical information about it.The latest medical view I heard from the government is that the virus either does not attach to so many children, or if it does many remain without visible symptoms.  If many children do or will experience a mild or invisible form of the illness it may be impossible to know whether tested or not whether they have had the virus. The test apparently works better on people with symptoms. Medical opinion seems agreed children are the least likely to get a bad version of it and extremely unlikely to die from it.The one plus from shutting schools is it prevents circulation of the virus between pupils and teachers in school. If the pupils off school continue to socialise with each other and with other adults a lot of this  benefit is lost. Only if they go home and stay at home would there be a major and lasting  reduction in their number of contacts and therefore in their vulnerability to picking up the virus.  If they already have the virus spending all their time at home might increase the chances of other family members contracting it.There are several  negatives in closing schools. Many more adults will have to give up work and mind their children at home. These will include many nurses, doctors and other health workers needed to work in  the hospitals and surgeries to tackle the health emergency. Those who make a living out of supplying and providing contract work for schools will lose their income. Education, exams and training will be interrupted, disrupting the life chances of those facing early public examinations that matter.  I am happy with the government's decision so far not to close the schools. It is difficult to believe closing the schools would slow the spread much  or protect many more people. Limiting access to care homes and places where vulnerable elderly live might achieve more in limiting infections of those most at risk.

[maxk] 14/3/2020 09:11

And it's one, two, three,

What are we coughing for ?

Don't ask me, I don't give a damn,

Next stop is funeral home;

And it's five, six, seven,

Open up the pearly gates,

Well there ain't no time to wonder why

Whoopee! we're all gonna die.




With apologies to Country Joe and the Fish

[pierre oreilly] 14/3/2020 08:43

It's not the virus knackering markeTs and company finances, it's the measures being taken to 'control' it. The cure is worse than the disease.

We're all going to get exposed to it whatever we do.

Why can't those who choose to - which could be everyone except the old and frail - go to watch the footie (just an example). On average i expect most there will be exposed a few days earlier than they would otherwise have been. Many won't catch covid from being exposed, many won't know they've caught because their body will mill it off without any symptoms, a few will have moderate symptoms, a few severe and a very small number will die a few months earlier than they otherwise would have done. Hopefully, not many in the high very high risk group would go anywhere crowded including the footie, so extra deaths would be minimal imo.

But, add up all the small bust businesses (and no doubt some big ones) resulting from the actions being taken, and the heartbreak, financial depression, the redundancies, the feeling of hopelessness for tens of millions and a generally stressed nation and stress deaths will far exceed any deaths 'stretching the infection curve' will, imv.

Many people seem to talk as if the gov can do something to stop us all being exposed - well they themselves say they can't, and it's obvious they can't. 'Lockdown' may help in big areas like china to contain the virus to say a 500 mile radius, but i doubt thAt would work on small islands like the UK.

[utyinv] 14/3/2020 08:16

FTSE down 16.6% this week Dow down 7%.

FTSE was already undervalued by 50% IMO in comparison to the DOW

FTSE always the worst performing index

[utyinv] 14/3/2020 08:15

FTSE down 16.6% this week Dow down 7%.

FTSE was already undervalued by 50% IMO in comparison to the DOW

FTSE always the worst performing index

[mikemichael2] 14/3/2020 08:04

careful13 Mar '20 - 22:35 - 296453 of 296457

Talk of 40-50m being infected.
Hard to believe.

======================

And a week latter 39.999.995 to 49.999.995 getting better !!

[smartypants] 13/3/2020 22:55

Breaking news??
UK Governments plan to deal with the coronavirus..
Well...
They are hoping that at least 60% of you ..Millions of YOU...get infected..(less than 100k cases in the whole of China!!)
Yes..its a big money saver
The thinking is that since you are already infected with the heard mentality, heard immunity is the way to go?
The way it works is once you all have it those who are going to succumb to it (so sad that you will be leaving your loved ones!)..Will
Then the remaining "heard" will have immunity and slow down the spread...
Basically, every body will eventually be infected and those who are not immune either won't survive or will already be dead!
Who elected these people????

[minerve 2] 13/3/2020 22:41

"Microsoft co-founder Bill Gates is stepping down from the company's board to spend more time on philanthropic activities."


Good old friendly Bill, the guy who conspired with Steve Ballmer to try and oust Paul Allen out of the company behind his back - wasn't he suffering from cancer at the time? When Paul found out he couldn't even go around to apologise for his disgraceful behaviour - forced Ballmer to do his dirty work for him.

[minerve 2] 13/3/2020 22:36

Jacko

I'm afraid you will have to stop paying that old slappa nurse for your "stayin' alive" BJ.

You could get corona virus travelling up that weakened Jap's eye of yours!

ROFLMAO!

[minerve 2] 13/3/2020 22:35

Still hasn't answered why he is in ITV....and probably doesn't know himself! LOL
Ditto with Lloyds innit, eh?

LOL

[careful] 13/3/2020 22:35

Talk of 40-50m being infected.
Hard to believe.

but many business are going to run out of cash.
Like individuals they will need enough cash to last them 6 months.
HMG will make credit available ay zero interest rates.