Lloyds Banking Share Discussion Threads

[xxxxxy] 06/4/2020 11:42

AnonymousPosted April 6, 2020 at 5:37 am | PermalinkThe NHS employees I do know have said that work has never been quieter.We did not shut down a single cake factory, much less the whole economy when the NHS declared the obesity epidemic the #1 killer with deaths dwarfing those of Covid 19.I had my half hourly dose of soviet NHS worship on BBC radio 2 this morning. I had to turn it off. It's starting to sound quite creepy.Soon people will envy those with a regular pay cheque and work and will especially resent those who tell them to relax and stay at home but who don't have to worry about paying the mortgage.The NHS was never under funded – it was just overwhelmed with an avoidable condition it actively encouraged by excusing it as a 'disease' and by doling out pills for it. We might have had money for PPE had it not been for this.

[aljm] 06/4/2020 11:40

on a completely different subject, i am thinking if we can hold somewhere at this level this week, we might have found bottom ? (27-30p)

[xxxxxy] 06/4/2020 11:36

oldtimerPosted April 6, 2020 at 6:07 am | PermalinkSounds sensible to me. The object of the shutdown was to flatten the curve to give the NHS time to prepare more specialist facilities to deal with Covid-19. We were advised the three weeks should be enough to help break the transmission rate. The majority of people have taken the trouble to self isolate and keep a safe distance. We are told the results of the first comprehensive survey (by Porton Down) will be available early this week. That evidence and the actual rate of reported infections/hospital admission/deaths this coming week should provide evidence on which to base a decision to return to normality. At some point that return to normality must be achieved. Those who think it must wait on the development of an effective vaccine are whistling in the dark. The economy and possibly social order will have imploded before then.

[pierre oreilly] 06/4/2020 11:24

Yes lade, what you highlight is why i say there can be no exit strategy atm.

The gov and i think people in general, will never accept that to go outside and wonder around the shops or parks or watch football matches requires an acceptance of a risk that you'll get wiped out by covid.

Until that very obvious statement is accepted, no exit is possible.

People don't realise that 'risk' can be tiny, and we risk our lives everyday. We take a tiny risk that an aircraft wont crash on our heads, or that we'll get the flu, or get stabbed or get runover by a bike on the pavement.

And anyhow, even if there is a relatively substantial risk of death like a 95 year old going on a cruise, why shouldn't he be able to take that risk? The reward could be a week of luxury with the risk or a week of torture without the risk.

[guss] 06/4/2020 11:23

Surely the biggest financial impact is going to come after lockdown when the government stops giving out free money and ??% of people have no jobs to go back to.

For the last decade, or even longer, business plans have been based on massive loans with practically no interest repayments.

I guess getting further loans with little positive outlook for the near future will be very difficult. Banks have been way too soft supporting zombie companies and making the savers and shareholders pay for it.

Is the message to the people now:
Don’t save, don’t invest, don’t bother with a pension because when the sh1t hits the fan you will pay for all the party animals that have spent with abandon and had a good time at your expense.

[dexdringle] 06/4/2020 11:16

Cancellation of dividends is NOT to give banks more money to lend. It is to provide an amount to be used to offset against increased lending losses.

[ladeside] 06/4/2020 11:06

Yes aljm, Same goes for the likes of Bus Drivers and Supermarket / shop workers etc. The concentration obviously won't be as bad for them but if they're working in a hotspot area, then they too will be under threat you'd think also.

Pierre, Yes, there's no doubt that a prolonged lockdown will have serious psychological effects on many with the suicide rate increasing massively and also violent assaults / altercations hugely on the rise.

[ignoble] 06/4/2020 11:04

Indeed, I share your thoughts

[aljm] 06/4/2020 11:01

Elbee, spot on, i heard someone say the other day, if you want to feel better about Covid 19, turn off MSM, MSM is terrifying the life out of people, they have to be bought to heel, they are out of control, normally with inaccurate statements.....

[aljm] 06/4/2020 10:58

"I think, and always have done, that stress is a very underestimated killer." that to me, is one of most accurate statements that a huge amount of people do not realise, mental state is so important, i now work with a professional sportsman on that subject, he is one of the very top in his field , but the mental side of him, lets him down, if you can control your mind, you can achieve anything, it is so hard to do though...

[mr.elbee] 06/4/2020 10:58

dead on,Pierre...but they all know what you write..It is care 101.

No this constant worry campaign saves on front line forces.

so to protect yourself from the virus that is the media.

TURN IT ALL OFF.

[pierre oreilly] 06/4/2020 10:53

I think, and always have done, that stress is a very underestimated killer. I've walked out of 2 jobs when they became stressful - not that I couldn't handle the stress, but I chose not to, and cared more for my long term health and ability to provide for my family. Once due to the job itself, and once due to the commute.

The estimate of the population, on average, losing 3 months of life each is, imv, based on the stress caused (although I haven't read that paper yet). This loss of life is due to the measures being taken to 'fight' covid.

I think Boris is more ill due to stress, and I think a big dollop of that stress is the realisation of where the uk now stands, with loss of life orders of magnitude higher than if no measures were taken at all.

Boris needs to get many more experts round the table, not just covid experts, who aren't experts in the effects through society any measures they suggest. Get psychiatrists, expert social workers, psychologists, sociologists, to contribute to recommended government actions. Otherwise, as is my view, the cure is worse, much worse, than the disease (I'm not trivialising the disease btw).

[aljm] 06/4/2020 10:46

ignoble, been thinking it for years, imagine GSK saying we can wipe out the cold, they would go bust overnight, it isnt in their interest, unfortunately it is the same across the medical spectrum, it isnt in their interest to cure anything,

[poikka] 06/4/2020 10:45

No doubt today's lift has, in part, been supported by HSBC shareholders threatening to pursue legal action against the bank following the cancellation of its dividend pay-out.

"On Wednesday, the lender - which is listed in both London and Hong Kong - cancelled its dividend for the fourth quarter of 2019 of USD0.21 per share, which was due to be paid on April 14. It added that no quarterly or interim dividend will be declared in the rest of 2020, and no share buybacks will be carried out.

All the UK's major banks on Wednesday last week confirmed the suspension of shareholder returns following a request from the Prudential Regulatory Authority. This regulator asked the banks to preserve cash in order to have funds to lend amid the economic downturn caused by Covid-19.

However, retail investors in Hong Kong threatened to sue HSBC over the move, adding that they will attempt to requisition an extraordinary general meeting, the FT reported. At least 200 of the shareholders are being advised by Surich Asset Management.

"Many of them use this as their retirement plan. They rely on the dividend to pay for their living expenses after their retirement, so this will actually hurt them a lot," said Matthew Chung, an adviser at Surich."

[aljm] 06/4/2020 10:43

LADE, i was saying this yesterday, the constant bombardment that frontline workers are taking has to take a toll, they must be getting a concentration of the virus way higher than a normal person who has just picked it up....

[mr.elbee] 06/4/2020 10:43

and of course you are right..and many vaccinations have terrible side effects.

Historically there are very few with no side effects.

Let's just face it ..the medical authorities are clueless.

here in the UK

[aljm] 06/4/2020 10:38

Elbee, that also brings up another thought, if you have already had it, which at a guess by the time it burns out, a lot of people will have, why would we need a vaccination ? all a vaccine is , is putting dead cells in your body so your body can build immunity, or that is what i always believed...

[ladeside] 06/4/2020 10:36

It appears to be how concentrated the strain is that you contract, ie, the frontline Doctors and Nurses who're dying or becoming seriously ill are dealing with a high concentration of the virus continuously over hours, days and weeks.

[aljm] 06/4/2020 10:35

Diku, i think you hit on something there, Boris's mental attitude must be at breaking point, that will extend recovery time, must be unbelievably tough for him atm.

[mr.elbee] 06/4/2020 10:34

interesting and totally predictable.Poikka

Who the hell is Duffy?

[aljm] 06/4/2020 10:34

Pierre you are welcome, i am 53, non smoker. in my youth i was really fit,loved the gym, martial arts, running, loved them all, getting older , hard to keep it up, since i had an accident that put me out of work, its a struggle, but i would class me about middle of the road, fitness wise, and ty for the nice words, i did read there are 5 different levels of this, i reckon they are health related, i reckon i have got it very lightly, and for that i am really happy, i could see this being pretty nasty to an older person or someone struggling with health,

[mr.elbee] 06/4/2020 10:32

and no government or MSM discussion about building natural immunity.

which is of course the best solution.

[ignoble] 06/4/2020 10:28

Aljm
The cynic in me rather agrees with your point about Pharmaceutical Companies