Lloyds Banking Share Discussion Threads

[mitchy] 21/5/2020 14:19

I'm thinking perhaps I should wait until the next trading update ?

[dagoberia] 21/5/2020 14:12

Hi k38, trying to understand why share buybacks can be bad for the regular shareholder. Doesn't it increase the share price?

[mikemichael2] 21/5/2020 14:12

What, feed the naughty boys to the Lions??

[k38] 21/5/2020 14:11

You mean, when comes to corruption, they learn from the catholic church ... I agree. Lol...

[mitchy] 21/5/2020 14:07

Have a 5th tranche ready now . Just a question of when To add ? Any ideas ?

[chavitravi2] 21/5/2020 14:05

Economists are looking for a further £100m of quantative easing from BoE and to get inflation back up to near its target of 2% after it has now fallen to 0.08.
With price cuts expected soon when shops reopen its feared there will be further deflation. Measure to consider, printing money and/or negative interest.
They definitely want folk to spend not save and business to invest now what they have saved for investment.
Bonds are being sold for the first time with negative yield which means folk are effectively paying for the privilege of lending to the government.
It looks as if income from north sea oil will be lost as a third of it is uneconomical to get out with price of oil being low.

[utrickytrees] 21/5/2020 13:56

FFS the EU is run on exactly the same principles as Catholic Rome.

[k38] 21/5/2020 13:47

Pls, pls no more share buyback.. you are a disaster and disgrace.. you are stealing from small shareholders.

[utrickytrees] 21/5/2020 13:47

Alphorn I'm actually quite well read on the origins of CoE. The parallels between Luthuranism and Brexit are many. Just as Martin translated the Bible from Latin to reveal that amongst other things donating to Rome did not ensure passage to heaven. Nigel & Boris will similarly reveal that our world will not end when we stop donating to Brussels.

[keelstow] 21/5/2020 13:43

AGM Excerpt 21/05/20

Which brings me to the dividend. These extraordinary times lead to difficult decisions. Following a request from the Prudential Regulation Authority the Board of Lloyds, alongside all other major UK banks, agreed to cancel the final dividend for 2019 in order to provide assurance that the banking industry had the capital it needed to support businesses and households through the current crisis. We also made a commitment that we would declare no ordinary dividends or share buybacks until the end of 2020. These were decisions we did not take lightly. The Board fully understands the decision on the dividend will be disappointing to you, our shareholders, but we believe it was appropriate to agree to this in the current exceptional circumstances.

However, while we have held back on the payment of dividends, I am well aware that any surplus capital in the business still belongs to you as shareholders. I would like to reassure shareholders that the Board remains committed to returning surplus capital to shareholders in due course both through future dividends and potential share buy backs as appropriate and we will continue to keep this under review.

[k38] 21/5/2020 13:43

When comes to corruption the catholic church is number one on the list...But don't mix politics with religion. The mafia in Brussels don't believe in God.

[geckotheglorious] 21/5/2020 13:42

When are you going to take Swiss citizenship and hand in your UK one Alp?

If I was as negative as you about my country of birth I move,lock stock to somewhere else - That'd include binning my citizenship and taking up the one of my destination.

[alphorn] 21/5/2020 13:38

Ut - You might want to look at the origins of the Church of England and the Catholic Church? The former is fine for you but not the latter? Why is that?

[xxxxxy] 21/5/2020 13:37

Keep boycotting the goods and products of the EUSSR.No Deal

[xxxxxy] 21/5/2020 13:36

Brexit trade talks deadlocked as UK rejects EU demands for new border posts in Northern Ireland. Meanwhile, Boris plans policy to stop hostile states buying up British companies and EU recovery fund takes criticism from all sides.UK rejects EU demands for new border posts in NI: The UK has defied Brussels demands for new border posts in Northern Ireland and barred any EU presence in the country after the transition period ends. The EU has called for new infrastructure to be introduced to carry out checks but the government will instead expand existing border screening to make sure there's no need for EU personnel. The Government paper said having a so-called "mini-EU embassy" in Belfast would be "divisive" and called on Brussels to "respect the UK's territorial integrity".Gove said: "Our proposals will deliver unfettered access for Northern Ireland businesses to the whole of the UK market; ensure there are no tariffs on goods remaining within the UK customs territory; discharge our obligations without the need for any new customs infrastructure in Northern Ireland and, finally, guarantee that Northern Ireland businesses benefit from the lower tariffs we deliver through our new free trade agreements with third countries."The current pandemic has made negotiations even more important, as countries look to trade their way out of the economic troubles that the coronavirus has brought. The UK has been working hard to obtain free trade agreements with some of the world's largest economies in order to ensure a V-shaped recovery. Negotiations with the EU however, are in deadlock, with the bloc refusing to budge on its position that attempts to keep the UK locked into Brussels rules and laws as part of any agreement. As we get closer to the end of the transition period, it becomes even more important for the EU to make sure its second largest export market is retained tariff-free. In June, the EU and UK will take part in a 'high level' meeting to assess the progress of the negotiations and decide whether to continue to the next stage or to focus efforts and time on preparing to trade on WTO terms.Barnier still doesn't get it: Last night Michel Barnier responded to David Frost's letter in which Frost criticised the EU negotiating position. In his own letter, Barnier stressed that "Every agreement that the EU has concluded is unique," despite having previously said the UK would not be treated any differently from other independent states. Frost's letter hit out at many of the issues facing the negotiations, making clear that if the EU did not change its approach and accept that the UK will not give in to demands on fisheries and the so called 'level-playing field' rules then progress will be unlikely.The UK government has made it clear that fisheries is off the table and they want a separate science-based agreement on the matter that will end the EU's overfishing of British waters, as well as stating that the level-playing field demands are unacceptable as they would leave the UK bound to EU law and standards. The EU continues to demand that the UK follow its rules and laws despite it not making the same or even remotely similar demands in its trade agreements with other third countries such as Japan and Canada. Trade Bill passes in the Commons: Liz Truss opened up debate on the Trade Bill last night, with a passionate speech about the benefits of free trade from Liam Fox as well as a speech by John Redwood that stressed the Brexit vote made it clear that we wanted to leave the single market and the customs union and that if the EU wish to seek a free trade agreement rather than claiming "that we need to be some kind of surrogate member, taking their laws, paying their bills and accepting their views on matters like our fish resources," then an agreement could be reached in time. The Trade Bill is an important piece of legislation for the UK's independent trade policy now that it has left the European Union and looks to establish a new independent body to protect UK businesses from injury caused by unfair trade practices or unforeseen surges in imports, as well as rolling over EU-third country trade agreements into trade continuity agreements between those countries and the UK. The Bill passed by 355 votes to 254 and will now go on to the committee stage. Boris to lay out measures to protect UK businesses from hostile states: Boris Johnson will introduce new measures to "ensure that we protect our technological base" from governments that may have "ulterior motives" such as China. Yesterday the Prime Minister told the Commons the policy will be announced soon, with the PM's spokesman confirming later that he was referring to the National Security Investment Bill. The Bill would give the government powers to buy out struggling companies that are involved in national security to stop them falling into the hands of foreign governments, bringing Britain in line with its Five Eyes security partners, the US, Canada, New Zealand and Australia, with Germany and Japan having also recently strengthened powers over intervening in company takeovers on the grounds of national security. Antibody test to be available in two weeks: A new antibody test will go live in the UK in the next two weeks as trials get underway at four hospitals across England. The blood test inform the country as to how many of us have had the disease as well as allowing us to know who may have some kind of protection from the disease, and potentially help get the country back to a 'new normal'. No one's happy with EU's recovery fund: The Recovery Fund has come under a lot of scrutiny with member states on both sides of the argument still unhappy. Italian PM Giuseppe Conte still believes the package does not go far enough and the 'frugal four' have declared their opposition and will no doubt water down the final proposal further to better their interests leaving all states unhappy with the outcome. There's the added problem that any money will not come through quickly enough, with most suggesting states will have to wait until next March. "The Recovery Fund is under the control of the Commission and is linked to the next seven-year budget. This makes a Brexit extension even less appetising - even if the Government was prepared to continue swallowing fresh EU laws without a veto - since the Merkel-Macron plan would in effect double annual payments. The British would be on the hook for large sums of money and precious little would come back." Ambrose Evans-Pritchard says in the Telegraph, highlighting the importance of the UK avoiding an extension to the transition period. UK must protect itself from Eurozone post-Brexit: With opposition to the EU's proposed coronavirus support package growing, the debate will bring up old feuds over fiscal responsibility as well as accelerating tensions between the Northern and Southern EU states. In City A.M, Barnabas Reynolds argues that the UK must protect itself from the flaws of the Eurozone, especially as the current pandemic is exacerbating long held issues within the financial framework. He says "Further borrowings to deal with Covid19 will only exacerbate the situation. The result is southern states may be driven to forced selloffs of their assets to other members or the EU itself – and the degradation of their state's services leading to dangerously divisive discrepancies in power and wealth within the zone." The UK must protect itself from the EU's massive financial risk, imposing tariffs to make up for the artificial depressing of the value of the Euro, allowing northern exporters to dump low-priced products on the UK in breach of WTO rules on fair trade, as well as rejecting the EU's calls for the UK to continue to abide by their state aid rules that would "restrict the UK's ability to counteract the unfair trading practices embedded in the Eurozone's structure."Trump hits out at Chinese propaganda: President Donald Trump has publicly attacked China for its "disinformation and propaganda attack on the United States and Europe". The ongoing feud between China and the US is threatening their trading relationship, with US officials rethinking their approach to the Communist state. A phase-one trade deal, reached in January, attempted to resolve their bitter trade war but the current pandemic has sparked new anger with both sides threatening to undo progress. This comes as the White House published its new strategic approach to the People's Republic of China, in an attempt to protect its national interest and "build upon relationships with its allies and partners to support the shared principle of a free and open order." The document published yesterday acknowledges the long-term strategic competition between the two states, also criticising China's aggression in the South-China sea as well as looking to protect Taiwan.

[alphorn] 21/5/2020 13:36

#273. Politics by media.

[dead_cat_bounce] 21/5/2020 13:31

xxxxxxxxxxxy, you not got it yet!!!!

I'll try again.

Letter was aimed at YOU, joe public, to make YOU feel better.

L@@ks like it worked! LOL

[alphorn] 21/5/2020 13:31

"No Deal with that Animal Farm of EUSSR.

EUSSR is BAD"

What nutcase would post that? Only someone who lacks any form of judgement and needs help. Would you take any opinion from that individual - no.

[xxxxxy] 21/5/2020 13:28

Japan does not pay to trade with the EUSSR.Neither must the UKNo Deal

[xxxxxy] 21/5/2020 13:27

No Deal with that Animal Farm of EUSSR.EUSSR is BAD

[xxxxxy] 21/5/2020 13:25

Elizabeth Kirkby21 May 2020 9:23AMIt sounds as though David Frost has got the UK response spot on - a welcome change from the constant caving in we had under Theresa May and Co. I still think the best option for the UK is to simply walk away from the "negotiating" table - especially since there is no point whatsoever in these "talks" and there is no trade deal to be had with the EU. Far better to go straight to full WTO rules and end the dithering and uncertainty.

[xxxxxy] 21/5/2020 13:23

Nobby Nolan21 May 2020 12:37PMDavid Frost's next letter should be:Dear Michel.It looks like it's not working out, so we will no longer be engaging in the current negotiations.Please let us know if you would like to discuss individual sector trade arrangements in future that do not affect our national sovereignty and we will assess your request on a case by case basis.Yours.DavidF.

[alphorn] 21/5/2020 13:22

mm2 - a clue may be that I have large UK bearish positions - I would hardly be praising the place would I? A big danger signal if someone does not separate economic views from their emotions.

[xxxxxy] 21/5/2020 13:20

. Derek Lund , Wednesday, May 20, 2020, 20:30:What a contrast between the situation now and the events leading up to Boris Johnson's resounding victory in the Dec 2019 general election. We had the treacherous MPs negotiating behind the government's back, we had the governing elite telling us what knuckle dragging fools we were, we had Brussels taking every opportunity to mock us, there were three failed votes (was it three?) on May's vassalage deal, amendments tabled by sly MPs, Mrs May bawling on the steps on No 10, the Benn Act, and a rabble in charge of Parliament. Make no mistake, everybody; May's vassalage deal could so easily have been passed by Parliament. But it wasn't. Somehow, we dodged a bullet.-And now? We've got a government carrying out its election promises. We've a negotiator who is not afraid to stand his ground despite M Barnier's ranting and who understands what an effective weapon we have in the conciseness of our very own English language. (To have a 2000 odd word rant taken apart in 300 words must annoy Barnier intensely and it's a great spectator sport.) Meanwhile, the talks between the UK and the USA are proceeding so M Barnier, please note, you're not the only game in town and we prefer to deal with those who negotiate in good faith and who accord us due respect. We've got our Mojo back!-So can we now allow ourselves a sigh of profound relief? Ask me after 30 June!-There's just one item remaining on my wish list: CANZUK. Let's do it. Let's form an alliance between those nations who in many cases are family and who have been our staunch allies ever since WW1. I don't care how economically significant or insignificant they might be; just do it!