Lloyds Banking Share Discussion Threads

[patientcapital] 21/4/2020 08:53

Ladeside, grist to the mill,"David Chao, global market strategist for Asia Pacific ex Japan at Invesco, said there was a disconnect between commodities such as oil that are sensitive to economic growth, which are pricing in a slower, more tentative recovery, and equity prices, which implied a milder recession.He said he thought the commodity market view was more realistic."We're not going to see a quick snapback recovery, or a V-shaped recovery in the U.S. or even in China, where the lockdowns have been largely removed," he said."

[xxxxxy] 21/4/2020 08:53

It will be the same death numbers in the end. Statistics will not change over a year. Sweden seems the most sensible option. No guarantee a vaccine will be produced. Then there is the mutation. If the economy dies. The NHS dies the day after.

[buywell3] 21/4/2020 08:47

20p = FTSE100 4500

[maxk] 21/4/2020 08:46

Virgin Australia goes into voluntary administration after failing to get a bailout

The airline, one of Australia's biggest providers, had asked the government for £710 million but its plea was denied

By
Telegraph Reporters
21 April 2020 • 2:05am






Virgin Australia has gone into voluntary administration after failing to secure a government bailout due to impacts of the coronavirus pandemic, the airline said.

"Virgin Australia has entered voluntary administration to recapitalise the business and help ensure it emerges in a stronger financial position on the other side of the Covid-19 crisis," the airline said in a statement to the Australian Stock Exchange.

The move follows a board meeting of the firm's international shareholders who voted against providing more financial support.

The airline had asked the Australian government for £710 million but the request was denied.

Virgin Australia's board has appointed Deloitte has voluntary administrators.

[tygarreg] 21/4/2020 08:45

Yes but you cant say there aren't large chinese communities in the big cities all over the world! I realise that's a factor in italy lombardy fashion area but it's not the only place flights from Wuhan go to!

[tygarreg] 21/4/2020 08:41

Secondly is it ever going to be possible to relax the social distancing as long as anyone in the world still carries covid? If it started from just one case, it can start from just one case again and just because 2 or 3% of our population have had it so far, it leaves plenty of fertile ground to start up again in phase 2 and phase 3. Will the countries who just let it spread, suffer the short term pain, recover quickest and prosper most?Will we, by doing the right thing, suffer the same or similar death numbers in the end but suffer a far worse and prolonged economic decline?

[crossing_the_rubicon] 21/4/2020 08:38

@Tyr

You forgot the large Chinese communities in these countries...Communities that would have been on the receiving end of mass Chinese population migration for Chinese New year.

Communist party shut Domestic traffic from Wuhan to Shanghai & Beijing around 23rd Jan. International flights were left open however.

23rd/24th Jan is when Human to Human transmission was finally admitted by CCP (despite Taiwan claiming such end of December)

[tygarreg] 21/4/2020 08:32

Why do you think western Europe features so highly in most deaths and most deaths per capita?I cant believe like the media that they all have the most incompetent governments!I have my own ideas. One major factor must be that they have the best health services in world and therefore have more old people and people being kept alive through medical intervention. Obviously covid is ripping through this section.It cant just be that they have large, dense populations and major transport hubs or major tourist destinations or cheap air travel. Western Europe has no monopoly on that.

[xxxxxy] 21/4/2020 08:24

No Delay.No DEAL.The EUSSR is a bad bad place.

[ladeside] 21/4/2020 08:18

I'm just wondering if we may be seeing the start of another mini correction ??

[ladeside] 21/4/2020 08:04

We already know our government have refused their own share of the EU quota for PPE and other essential medical supplies and drugs.

The EU are completely perplexed as is everyone else involved.

Absolutely crazy...

[xxxxxy] 21/4/2020 07:37

Dear ConstituentBy JOHNREDWOOD | Published: APRIL 21, 2020The government has decided to continue the lock down for another three weeks. They are afraid that an early relaxation would allow the virus to spread more rapidly again, losing some or all the gains  seen in fewer patients going to hospital in recent days.In response to past representations by myself and others  the government is now doing more work on a timetable for getting more people back to work. It is unfortunate  there may be no early arrival of a vaccine to protect the population in large numbers,  nor even an early medical agreement on a  treatment which makes it much more likely patients with severe cases on Covid 19 survive. For that reason  we need  to plan to live with the virus whilst still being  able to run our economy at a reasonable level of output with more people in jobs and more companies generating revenue than today.I have suggested to the government that a back to work plan should encompass new ways of working with better protection for employees. Office based businesses could encourage much more homeworking, with limited numbers of staff in the main office observing social distancing. Factories and warehouses need to operate at levels that do not require staff to be close together, with additional automation where necessary. Any business staff in touch with the public should be given protective screens or personal protective clothing suitable to the risk level.We should continue to give strong advice to at risk groups to stay at home, and do more to support them with remote technology to ensure deliveries and safe social contact. The protection of care homes needs more work. I supported moves to ensure all patients to be discharged from hospitals back to care homes should be tested . We need to  avoid introducing the virus into a home  through the return of a patient . I am pleased the government has now promised to do this.Yesterday saw the Furlough scheme to subsidise employment which I have long championed open for claims. It is vital as many jobs as possible are saved by this means, to keep them in being until their employers can re open and afford the wages again. The self employed package still excludes some groups who deserve support and is still on the low side so I am asking the Treasury to look again at it.Let us hope the positive trends in cases and deaths continues as a reward for the sacrifice many are making. On the latest figures too many people are still dying, but our death rate in relation to total population is still well below Belgium, Spain and Italy who have suffered particularly badly. The next few days are important. If the rate of death and of new patients to hospital continues to decline we should be able to start to relax controls. In the meantime I am conscious there are pressing needs like getting more dentists to work on emergency treatment, and tackling some of the backlog of medical appointments that were cancelled or delayed to make way for Covid 19 patients.I would like to say another big thank you to all of you who have volunteered to help in so many ways. Some are delivering food parcels, some tackling loneliness of those staying at home alone, some are making protective clothing. I also wish to thank all who are going to work to care for people, to treat people in hospital, to provide us with food and to keep basic services and deliveries going.Yours sincerelyJohn Redwood

[alphorn] 20/4/2020 23:31

max - Presumably much of that stuff was imported as not made locally.

My question would be is it being re-exported to take advantage of higher prices?

Are we hearing the whole story?

Agree, seems crazy anyway.

edit: Discussed on Sky now - seems a scandal.

[maxk] 20/4/2020 23:27

WTF is going on? (Min) and quite right!



Exclusive: Millions of pieces of PPE are being shipped from Britain to Europe despite NHS shortages

Last week five million surgical masks and more than a million respirators were packed on to EU-registered lorries by one UK wholesaler

By
Bill Gardner
20 April 2020 • 9:06pm



The companies say their offers of help have been repeatedly ignored by the UK Government


Millions of pieces of vital protective equipment are being shipped from British warehouses to Germany, Spain and Italy despite severe shortages in this country, The Telegraph can disclose.

Lorries are being packed with masks, respirators and other PPE kit before heading back to supply hospitals in the EU, it has emerged.

On Monday night, UK firms said they had “no choice” but to keep selling the lifesaving gear abroad because their offers of help had been repeatedly ignored by the Government.

It comes as the Government faces growing criticism over the PPE crisis with hospitals close to running out of critical equipment, and doctors forced to choose between exposing themselves to the virus or “letting a patient die on their watch”....

[alphorn] 20/4/2020 23:21

So 4 people in #130 are saying short sterling. They may be right.

[diku] 20/4/2020 22:46

Even futures shares should trade below zero...

[xxxxxy] 20/4/2020 21:56

PPE.Forward policy.Made and produced in UK. First.Learn the lessons.Not Made in China.Not Made in EUSSR.No Deal

[alphorn] 20/4/2020 21:51

The US companies may be able to write off much of the debt under Chapter 11. The problem then shifts over to the funds and banks; and from the funds to the banks as well who may end up holding the (empty) parcel.

[patientcapital] 20/4/2020 21:47

Re. the oil situation:"Many oil companies took on too much debt during the good times. Some of them won't be able to survive this historic downturn. In a $20 oil environment, 533 US oil exploration and production companies will file for bankruptcy by the end of 2021, according to Rystad Energy. At $10, there would be more than 1,100 bankruptcies, Rystad estimates. "At $10, almost every US E&P company that has debt will have to file Chapter 11 or consider strategic opportunities," Abramov said." - CNN

[patientcapital] 20/4/2020 21:46

Heard that on the news yesterday. Everything seems slightly detached from reality just now.Panorama earlier - let's just hope all the sunbathers and other idiots take note.

[minerve 2] 20/4/2020 21:40

Millions of pieces of vital protective equipment are being shipped from British warehouses to Germany, Spain and Italy despite severe shortages in this country, The Telegraph can disclose.

Lorries are being packed with masks, respirators and other PPE kit before heading back to supply hospitals in the EU, it has emerged.

On Monday night, UK firms said they had “no choice” but to keep selling the lifesaving gear abroad because their offers of help had been repeatedly ignored by the Government.




"ignored by the government"???????

WTF is going on?