Lloyds Banking Share Discussion Threads

[mitchy] 16/3/2020 13:45

By the look of the futures we could see a new DOW record broken today. History in the making. What a Time to be alive.Good Luck.

[cobourg1] 16/3/2020 13:29

As regards the speculated cancellation of the dividend, if this is even a possibility, I personally would be relaxed about it. I think the market would see this action as a prudent step leading to a vastly stronger financial position. In normal times this would depress the share price, but these are not normal times. The share price would strengthen appreciably in my opinion. It would cost me quite a lot short term because I am heavily invested, but it could always be given back later as a special dividend.

Dividends are all very nice, but there is a lot of capital appreciation possible from this position as well.

But I don't think it will happen.

[jacko07] 16/3/2020 13:27

Alp..I remember well, a friend of mine bought a flat in Westminster in the early 90's for £142K, he still owns it and it is now worth north of £700k. There were new apartments in Canary Wharf could have been bought at less than cost.

Will we revisit those days, I don't think so, they just print more money in these barmy times.

[pal44] 16/3/2020 13:13

Treasury Secretary Mnuchin said there will be a lot of ‘pent-up demand’ when crisis ends .. What thicko its like saying at xmas the fat guy will bring goodies ..

[gaffer73] 16/3/2020 13:12

Hope they are using video conferencing!

[k38] 16/3/2020 13:12

Truth or lies.." Trump administration seeking exclusive vaccine rights "This news are from German media..

[y1phr1] 16/3/2020 13:11

And you have a divi coming soon

[cobourg1] 16/3/2020 12:50

I hate to give credit to Gordon Brown, but he did keep us out of the Euro. A Sovereign government with a printing press, or actually an entry in a ledger, can create as much money as it needs, witness the actions of the Federal Reserve. Likewise with a stroke of a computer key it can make money disappear in the same way

Of course money creation could lead to other problems long term, such as the devaluation of the pound or a rise in inflation, but the short term creation of liquidity for the banks is easily possible. If all the other governments are creating money as fast, which they will be, then there won't even be a change in the International value of sterling.

Not an ideal situation obviously, but there is no reason for panicking and scaremongering.

Ask yourself what would happen if Lloyds Bank went bust. No government could allow that to happen because of the massive amounts of mortgages involved. If it needs it, Lloyds will be given all the money it requires. I doubt it will even come to that.

This is a moment of Grace, a great opportunity. Most of you will never see a chance like this again. If you have any spare money you could do a lot worse than put it into Lloyds. It's as safe as the Bank of England, because that's who's standing behind it

[gbh2] 16/3/2020 12:44

Lloyds in wall to wall covid-19 meetings this morning!

[minerve 2] 16/3/2020 12:41

Unfortunately the good stocks, the v.good stocks, those with high ROE and high ROCE haven't moved that much. Typical.

Ashtead group keeps on coming up on my screen..

[crossing_the_rubicon] 16/3/2020 12:38

"If cases and deaths were to increase exponentially over the next 2-4 weeks, there wouldn't be enough hospital beds and ventilators for the severely ill, which would imply the mortality rate would increase"

oh dear.

As I said at least a week ago, Death rate soars if healthService overwhelmed.

Which clearly the NHS will be.

[alphorn] 16/3/2020 12:37

Jacko/Minerve - there is truth in what you both say. There will be a bottom that is for sure and that must be soon. If there was no bottom then it really would be back to the caves.

Jacko - I agree with your observations about the 70's but reminds me more recently about SE London flats in the early 90's. They were give away prices but still no takers. With hindsight they were the bargains of the century but there was too much fear around.

Today we have Brexit/Economic downturn/Oil war/Coronavirus. I could not make up a more toxic mix.

Needs care.

[crossing_the_rubicon] 16/3/2020 12:37

"The Guardian spoke with a senior consultant at a top hospital in the UK, who warned hospital beds are already 98% full, and the patients who need ICU-level treatment might not be able to receive it"

98% full and we've barely started!!!

Why oh why do people have such faith in "The State" to aid them in their time of need?

[k38] 16/3/2020 12:24

M2Avoid airlines.. they must be last in your buy list.

[bbalanjones] 16/3/2020 12:22

BBC to delay over-75 TV licence fee changes.

The dying folk to get continued free TV.

[minerve 2] 16/3/2020 12:22

I've got cash but I'm nowhere near 100% cash. I have current positions to protect so if there aren't any longer term changes to the detriment of their opportunities I will probably add to them first before looking elsewhere.

Thankfully I had no airline, energy, hospitality, cruise, travel stocks and bank stocks.

It will most likely stay that way although I am looking at Lufthansa.

[aljm] 16/3/2020 12:21

Hi People, first post in this thread, i have bought today, in my opinion, has Lloyds business plan changed in the last couple of weeks ? no, it is purely a market reaction, bought them to forget about them.....

[k38] 16/3/2020 12:19

And reverse Brexit too... lololol...

[matchupitchu] 16/3/2020 12:19

Wall Street looking like a 10% drop at open...

[minerve 2] 16/3/2020 12:18

If lots of older people die there could be a lot of non-productive capital freed up.

[k38] 16/3/2020 12:17

The bottom is two months away. Unless you have cash and happy to buy now and add the next low too.Hi hvc, I wasn't planning of buying without reviewing the situation. But advice are always welcome...;))

[minerve 2] 16/3/2020 12:15

Go ahead then. I'll wait until I see definite signs of a sustained recovery and which sectors get BoE support first.

[k38] 16/3/2020 12:12

The market (share prices) don't need rescue. With the first good news the shares will recover. Our banks are strong but cash will needed to support business.