Lloyds Banking Share Discussion Threads

[datait] 01/4/2020 07:44

Watch this fall fast at the open.

[buywell3] 01/4/2020 07:43

These coronavirus epidemics are coming regularly now


SARS CoV2 was identified in 2019 as the cause of coronavirus disease Covid-19 in Wuhan China

MERS-CoV was identified in 2012 as the cause of Middle East respiratory syndrome (MERS).

SARS-CoV was identified in 2002 as the cause of an outbreak of severe acute respiratory syndrome (SARS).

[smartie6] 01/4/2020 07:41

Squeal little piggy, squeal.
You’ve followed Lloyd’s down from 66p. RBS from 250p, and Barclays down from 194p. FFS. That’s going to be a average loss today across the board of 67%.

[xxxxxy] 01/4/2020 07:41

Maisie Surrey 1 Apr 2020 7:35AMWell I for one am not happy about the heavy handed way these, clearly not thought through flawed and probably unlawful, new powers are being implemented. The panic and hysteria of people means that debate as to whether the cost, economically, physically, mentally and the deaths as a result of this lockdown is worth it.Why is "saving the NHS" worth more than this countries businesses and people? The NHS, wonderful though it is in times of need, has not functioned efficiently or effectively for many years. More money is thrown at it every year but it is never enough. We have urgently needed to look at the way we fund the NHS for years now, but it's godlike status has prevented politician after politician from going there. No one is that brave!When will people get it through their head that the NHS is not free, at least not for those of us who pay tax in the UK. We need to look at better ways to fund the NHS so that it is fit for purpose.In the meantime what would help get this country back on its feet is antibody testing, particularly now that there is evidence that this disease may have been around a lot longer than first thought, so many more people may have already had the disease.The sooner we can get people out of lockdown the sooner we can save the country from the damage caused by this disease and the sooner we can annul that dreadful legislation.

[portside1] 01/4/2020 07:38

Short it down to 18p. Bonuses to directors to be paid in full I moved all my cash out of Lloyd's to the West Brom building society last year , it is a bank of crooks and liars

[xxxxxy] 01/4/2020 07:37

Flattening the curveBy JOHNREDWOOD | Published: APRIL 1, 2020If you can measure it you can manage it. Government policy towards the virus is to manage down the numbers of people with the illness seeking admission to hospital, for the doubly good reason that we do not want many people seriously ill and there are limits on hospital capacity to deal with them.They are advised by epidemiologists, people who predict the likely numbers of individuals who catch a disease in a epidemic based on past experiences of other epidemics and daily data on the course of the one they are following.  In a situation where there is no known or agreed  successful treatment for a disease and no vaccination to block its spread, their advice is to stop many  people catching it by social segregation. In the meantime medical research may find treatments and a vaccine for future protection.  It also allows rapid expansion of the capacity of the medical facilities, and wholesale transfer of trained medical personnel and wards to treating the epidemic victims.The issue I am seeking more guidance on from the government and their epidemiological advisers is what does winning look like? When will they have flattened the curve enough?Public Health England on behalf of the wider government publishes daily two sets of figures. One is the daily addition to the case total, and the other is the grim daily addition to the total deaths ascribed to the virus. The problem with these data sets is they are incomplete and prone to error. In default of reliable tests for significant samples of the entire population, repeated regularly,  we do not know the current infection rate or the  case total. Many people have caught a mild version of it – or  something like it – and have self isolated. Their recovery will not  be reflected in  the total because they were never tested .The Death rate is also based on a set of judgements. Worldwide practice varies, with some doctors attributing numerous deaths of people with the virus to pre-existing or other serious conditions, whilst others are more likely to regard any patient dying with the virus as dying because of the virus. The UK is currently thinking of adding more deaths to the total by ascribing death to the virus in cases not admitted to hospital. To get a more accurate figure most deaths would need to include a virus test, and protocols would  need to  be followed over how to judge the virus contribution to mortality.So I am asking if we have a consistent set of figures based on clear definitions with resilient data collection, which is needed to decide how much to flatten the curve and to determine how successful policy is. We all are willing the government on  because we want to cut the death rate. The next few days are crucial as we should be seeing a drop in new cases reflecting the days people are spending in isolation.

[rik shaw] 01/4/2020 07:36

This link is on the BoE website:



The reference is to ordinary shares only:
'The PRA welcomes the decisions by the boards of the large UK banks to suspend dividends and buybacks on ordinary shares until the end of 2020, and to cancel payments of any outstanding 2019 dividends in response to a request from us'

[hamnavoe] 01/4/2020 07:36

Have the directors bonus been cancelled as well ?

[pierre oreilly] 01/4/2020 07:36

Hellscream, of course charles and boris never had it, covid doesn't exist. Neither does the coronavirus, or the flu or even Boris himself. And ever wonder why big ben doesn't dong anymore. That's right, it doesn't exist. They are all things invented by someone for something or other, not sure what.

[smartie6] 01/4/2020 07:35

What dividends have been cancelled, we’ll I never saw that one coming.

[purplepanther] 01/4/2020 07:35

Looking forward to the Bank of England's next stress tests of U.K. banks, no doubt to include the possibility of a one hundred year event pandemic. Easy to envisage CET 1 ratio requirements up at 18% or more meaning you won't see dividends here for some time to come

[whitestone] 01/4/2020 07:32

Folderboy

Action would seem to be in respect of ordinary shares only.....

[smartie6] 01/4/2020 07:30

25 to 33% fall would bring this in to around 22p at worst.
Barclays around 64p.
RBS around 80p - 8p old money.
HSBC around 330p.

[kreature] 01/4/2020 07:24

April 1st as well....Sub 25p coming?

[buywell3] 01/4/2020 07:20

As buywell predicted

[folderboy] 01/4/2020 07:15

"the board has decided that until the end of 2020 we will undertake no quarterly or interim dividend payments, accrual of dividends, or share buybacks on ordinary shares. In addition, in response to a request from the PRA and to preserve additional capital for use in serving our clients, the board has agreed to cancel payment of the final 2019 dividend in relation to ordinary shares. "

Do we assume/infer that the dividend is maintained for preference shares?

[oapknob1] 01/4/2020 07:02

Divi cancelled

[montyhedge] 01/4/2020 06:52

Guesses at open mine 28p.

[montyhedge] 01/4/2020 06:32

Banks plenty of capital, PRA said no on advise from gov.

[oakville] 01/4/2020 06:27

SP bottom? Was looking at a 20p entry point, is this too high?

[asdb9] 01/4/2020 05:28

When you go for your daily walk make sure you dont step off the edge of the planet

[hellscream] 01/4/2020 04:46

boris and charles NEVER had it, use a bit of common sense plz.

[sr2day] 01/4/2020 04:44

i believe the dividend is on recommendation of the Board but subject to shareholders approval and similarly cancellation should be subject to shareholders approval.i do not know what powers the FCA or the PRU hand and whether they can override shareholders vote.i personally doubt it.if this the case then a legal battle may ensue.

[hellscream] 01/4/2020 04:43

man-made global-depression, this is the reset they wanted.