Lloyds Banking Share Discussion Threads

[xxxxxy] 25/4/2020 17:54

John ParkerPosted April 25, 2020 at 1:15 pm | PermalinkI share your belief that there is a place for political advisers on this vital group The grip that socialist ideas have on Academia and the NHS at the moment means that the idea that wealth is a product of printing presses and that everything is affordable dominates the group think. Don't expect the BBC to allow an opposing point of view under current management because they share the same belief.

[mr.elbee] 25/4/2020 16:43

erm? letting granny have 10 friends and family visit?

opening Mcdonalds?

opening B and Q[presumably for medicine and food?]

It's all over.

But they cannot admit it.
Just read the editorials in the posh papers..they are scrambling around to reposition themselves since they now realise they have been and are......

ON THE WRONG SIDE!

[stonedyou] 25/4/2020 15:58

Hero Captain Tom Moore 'shortlisted for honour' after raising £28m for NHS workers



Captain Tom Moore has made the honours shortlist after an outpouring of support to get him a knighthood, according to reports.

The 99-year-old Second World War veteran has raised more than £28 million for the NHS by walking laps of his garden ahead of his 100th birthday next Thursday.





Thousands have called for the gong, with the #knighthoodforcaptaintom trending on Twitter last week after Piers Morgan joined the campaign.


And now he has made the shortlist ahead of the final list in June to mark the Queen’s birthday, The Sun reports.

[waikenchan] 25/4/2020 15:43

Don't really think they had a choice to suspend the dividend until the cloud clears.

Its probably likely that lloyds will have a make significant loan provisions and will take a loss of some sort. Better that lloyds can weather the storm!

[xxxxxy] 25/4/2020 14:09

Are Brits voting with their wallets? EU's sales to the UK drop dramaticallyLatest EU trade figures show EU's exports to the UK fell by more than to any other country?© Brexit Facts4EU.OrgUK remains second-biggest customer for EU27 countries, but Brits are now buying lessBREXIT FACTS4EU.ORG EXCLUSIVE - On Monday this week, the EU slipped out its latest trade figures, updated to February 2020. These figures are broadly unaffected by the Coronavirus as they cover the period before the various lock-downs and their effects had started.BREXIT FACTS4EU.ORG SUMMARYEU figures show UK business is vital to the EU27,but it's falling faster than with any other customerEU27 exports to the UK fell by -11.4% so far this year, compared to the same period in 2019This is more than three times the drop for any other major countryCan the EU27 afford to lose over €300bn goods purchases per year?Brits bought over €50bn from the EU27 in the first two months of this yearBut this was 11.4% lower than last year?© Brexit Facts4EU.Org - click to enlargeSTATISTICAL NOTE FOR REMAINER-REJOINERSEach time we produce an analysis of latest EU trade figures, we do so on the basis of what the EU itself produces, so that Remainer-Rejoiners have nowhere to go. A typical question from these people is "Why did you choose that time period? You're deliberately distorting things!"Our answer is always simple: "Because that's the time period the EU itself chose." This is the case again this time. We would suggest it doesn't help the case of Europhiles when they attack us when all we are doing is following the institution of the EU itself. Blame them, not us.Next we look at the trade figures as a whole for 2019– the goods sold by the EU27 to the UK last yearThe UK is a massive customer for the EU27, second only to the USATotal EU27 goods exports to UK : €319bnThis is 15% of global EU27 goods exports in 2019It's 61% more than the EU27 sold to ChinaIt's 42% of the EU27's entire sales to all non-EU European countries?© Brexit Facts4EU.Org - click to enlargeOBSERVATIONSIn its latest release on trade figures the EU continues to try to airbrush the UK out of existence. As a trading bloc and potential customer for countries around the World, the EU is suddenly much smaller as a result of the departure of the United Kingdom. Naturally no-one would ever know this from reading the EU's regular press releases.Who knows if the latest drop in EU sales to the United Kingdom is significant or not? We tend to think it might be. Let's face it, the European Union has not exactly covered itself in glory in its dealings with the UK over the past few years since we voted to leave.The British are a tolerant people and do not rise easily to anger. Nevertheless there comes a point when enough is enough. We saw a little of this in the result of the UK General Election in December, when Boris Johnson romped home with a huge majority.The ordinary, democratic people in the UK – whether they voted Leave or Remain – felt that after more than three years of nonsense from the EU, and a longer period of other nonsense from the Remainer governments of Mr Cameron and Mrs May and from the Remainer Civil Service and Establishment as a whole, enough was enough.

[minerve 2] 25/4/2020 13:22

Right, this message is not for the gammons.

Is anyone still considering long-dated UK gilts as a base for a risk-free rate used in the calculation of Discounted Cash Flow?

With all this government spend and potential support for the economy under a Hard-Brexit I'm beginning to feel UK government gilts should no longer be considered 'risk free' and switch my calculation to 20 year US Treasury.

Anyone? Discuss.

[utrickytrees] 25/4/2020 13:21

What complete effin legend, less than 2 weeks after a near death experience Boris & his trusty Jack Russell cross Dilyn will be back as soon as monday with the unenviable task of transitioning the country out of virtual house arrest to save the economy. 'Holy mackerel to the Boris mobile Dilyn'

[gbh2] 25/4/2020 13:19

Many of Lloyds staff are *issed off because the share price has fallen below the shares they picked up in the company share scheme!

[scruff1] 25/4/2020 13:08

Mr E
I wouldnt say its all over but its going in that direction. Many of the public are doing their own thing - with care - apart from the nutters of which there are plenty.
A lot more shops and businesses are chancing it and opening. A builders merchant I went to the other day was busier than I have ever seen it. They had no cement. Two pallets had been delivered and sold that day. Phone up, give your order, pay over the phone, the yard men deliver it to your vehicle on a pallet and you load your own. Quick and simple. Toolstation same. Order by web. Pay. Go and pick up off a table. Its better than normal imo and safe as anything can be. The government is going to have to loose the reins or else the public will be leading them. The hospitals are currently being underused other than covid. That place they built in London is empty. (Its a wonder Boris and co are not under fire for wasting money).
Its the public gatherings that are going to test peoples nerves.
Interesting article I read somewhere yesterday. A specialist in Israel reckons Covid reaches its peak in 40 days and is over in 70 no matter what anyone imposes. I obviously know no more than the next joe but it has a ring of truth imo. Look at some places like China, India, maybe Sweden and a few others. Maybe once the infection numbers reduce significantly then reinfection rates may be quite low. Then again maybe not !!

[minerve 2] 25/4/2020 11:53

Enjoy your life before the virus gets you. It'll be back in the pubs waiting for you!

ROFLMAO!

[waikenchan] 25/4/2020 11:40

Shame is isn't making this loan scheme, consider what the American banks are doing!

[mikemichael2] 25/4/2020 11:20

Late rise for Min, obviously a heavy session yesterday. You should get help there,don't bother replying to me i'll be getting on with my great life till Monday, then i'll pop in from time to time.

I note your 'hero' Neil Woodford has dogs cats and horses!!!

[minerve 2] 25/4/2020 11:16

Wifeys need the dogs because they don't get proper attention and care from their husbands. They are too busy watching sports or darn pub with their mates. I suggest they get another man - or should I say 'a man' - rather than a pooch.

[minerve 2] 25/4/2020 11:14

Notice the smaller the house the greater the number of dogs and cats.

Business owners and wealthy people just simply have better things to occupy their lives with and/or haven't got the time - unless simpleton wifey gets bored.

[minerve 2] 25/4/2020 11:12

It seems many here wax lyrical over pooches, that figures! ROFLMAO!

Modern day ferret owners. Goes with the low IQ generally and a constant need to entertain one's mind.

Boris obviously new his target gammons by getting a rescue dog. Mmmm, perhaps too smart a move for that clown, Cummings must have suggested it.

[y1phr1] 25/4/2020 11:08

Why the panicking this is not going much lower back to 50p in no time. Good money to be made trading this one

[guss] 25/4/2020 10:56

By “all over”, do you mean we are all dead?

[stonedyou] 25/4/2020 10:53

Long read: Airline bailouts mean sending our money to Big Tech, Irish banks and the Irish government


RICHARD BRANSON has made a high-profile request for a UK government bailout of Virgin Atlantic, the airline owned by Delta, KLM/Air France, and the Virgin Group. This request will no doubt be followed by several others.

These requests need to be stoutly resisted and for an important Brexit-related reason.




The structure is that the Big Tech subsidiary becomes the general partner in an Irish Limited Liability Partnership (LLP), which buys and owns the aircraft. The Big Tech subsidiary injects into the LLP, as a guideline, 15% of the aircraft's cost from its own resources. The LLP borrows the remaining 85% of the aircraft's cost from banks. This debt is taken on by the LLP without recourse to the Big Tech company. In consequence the Big Tech subsidiary does not show the debt as a liability in its balance sheet, and nor does its ultimate parent company upon consolidation. As an asset the subsidiary need only show the 15% business investment in the LLP, and need not take the aircraft onto its balance sheet: 85% of transaction is invisible in the Irish subsidiary’s accounts and those of the ultimate parent.

The LLP can claim the depreciation allowances for the entire aircraft, and will as a result be loss-making. The Big Tech subsidiary, being the general partner in the LLP, can combine the LLP’s result with its own, thus reducing its own profit by the amount of the LLP’s loss, and reducing its Irish corporation tax bill. This is the source of benefit from the scheme for the Big Tech subsidiary.

The depreciation schedule is very aggressive: as it counts as Plant and Machinery, the schedule is 12½% of cost down to zero over 8 years “straight line”[1], despite the aircraft having a useful life of 20+ years with a residual Fair Market Value – estimated at the outset – of around 20% after 15 years (which is the normal final maturity of the bank borrowings taken on to finance it).

During all this time the aircraft is leased to an airline. The lease rate reflects the fact that the contributor of 15% of the cost of the aircraft need receive no revenues from the lease itself: the benefit of taking over the LLP’s loss is large enough to represent a major financial gain for the Big Tech subsidiary, as long as they receive their investment amount back.

The Big Tech subsidiary should get its 15% investment back at the end of the lease, when the aircraft reverts to the LLP and is sold: very frequently the lease contains a purchase option for the airline, set at just enough to pay the 15% and the LLP’s liquidation costs, the debts having been paid off. This is an attractive deal for the airline if the then-current Fair Market Value is around 20%. The deal is deliberately made attractive, because the last thing the Big Tech subsidiary wants is to actually have to take possession of the aircraft.

Because the lease rental need only be enough to meet the debt payments on just 85% of the aircraft’s cost, the airline is enjoying a subsidy. Who is paying that subsidy? Indirectly it is the UK taxpayer because the structure only exists to shelter the profits of Big Tech companies that have been crystallised in Ireland on their UK business.

This structure has been one of the sweeteners to get Big Tech and all their jobs and spending into Ireland, and away from the UK, but it falls flat if the airlines go down. It falls flat for Big Tech if the lease rentals cease to cover the debt costs in the LLP. The LLP’s loss will increase, and in the very short term that will further reduce the Big Tech subsidiary’s own taxable profit. But if the LLP cannot pay its debt costs, the lenders will repossess the aircraft and possibly liquidate the LLP. If the deal has been running for less than 8 years, the Big Tech subsidiary will lose out on the final years of tax-related benefit. Moreover it will only receive its 15% investment in the LLP back if the aircraft is sold for a price that covers all of the debt plus the investment amount.

There can be no possible interest on the part of UK taxpayers in sparing Big Tech companies in Ireland from losses out of schemes designed to reduce their already low Irish taxes, in the context of international schemes that have also reduced their tax payments in the UK.