Lloyds Banking Share Discussion Threads

[alphorn] 14/6/2020 12:01

Btw. Where is Cummings these past few days? Still testing his eyesight?

[alphorn] 14/6/2020 11:59

M2 - you have a supporter for one of your earlier posts - Liz Truss on BJ's hit list for a reshuffle - Cabinet rivals have accused her of being prepared to allow cheap, sub-standard products such as chlorinated chicken to flood the UK market and hit the British farming industry. Ms Truss's allies angrily deny the claims. But her career prospects are unlikely to be helped by the fact she is understood to be on the opposite side of the argument from Mr Johnson's fiancee Carrie Symonds – an animal welfare campaigner.

Cummings and Symonds; I have forgotten - what were their majorities when elected?

[optomistic] 14/6/2020 11:33

...37p that would be nice Monday morning.

[minerve 2] 14/6/2020 11:31

"Brexits all about the Haddock"


LOL!
LOL!
LOL!

[xtrmntr] 14/6/2020 11:30

The Lloyds (LSE: LLOY) share price showed little inclination to join in the FTSE 100 rally through April and May. However, that changed last week. It soared 19%, flying far ahead of the Footsie's 6.7% rise.Closing on Friday at 35.55p, and with further gains to 37.5p today (as I write), could the big recovery finally be underway for the much-battered Lloyds share price?Buy low and sell highFor stocks in highly cyclical sectors, such as banking, I believe a value-investing approach is the way to go. That's to say, buy low and sell high. As opposed to buy and hold forever. If you look at a multi-decade chart of the Lloyds share price, you'll see how a long-term, buy-and-hold strategy hasn't done investors any favours.Furthermore, many get sucked into buying cyclical stocks at the worst possible time. Namely, when profits are booming, price-to-earnings (P/E) ratios are low, and dividend yields are generous. This was the profile of Lloyds in recent years.Some of us at the Motley Fool - admittedly a minority - were bearish on the Black Horse. They cautioned readers that, in the case of cyclical stocks, high profits, low P/Es and big dividends are very much not indicators of an unmissable bargain with a wide margin of safety. It may seem counter-intuitive, but the best - and safest - time to buy cyclicals is when profits are crushed, P/Es are high, and dividends often slashed or suspended.At such times, you can pick up shares at low prices and, subsequently, sell high in the cyclical recovery.Positive indicators for the Lloyds share priceOne of my fellow Motley Bears on Lloyds, Kevin Godbold, judged last week that the time has come to make the value play on the Black Horse. Noting that "the valuation indicators have lined up," Kevin pointed to:A massive profit fall forecast for 2020A forward P/E of almost 19 (versus the single-digit P/E of recent years)A price-to-tangible net asset value (P/TNAV) of just below 0.5 (another good indicator of cyclical-bottom value)An encouraging "consolidation on the share price chart"I agree with Kevin that Lloyds' valuation indicators look far more promising today than they have for the last few years. I don't do the share-price-chart stuff myself, but I'd add the suspension of Lloyds' dividend (0% yield) to the list of positive indicators.Am I keen on the Lloyds share price?Alongside the positive indicators, Kevin is encouraged by the situation on the ground. He's optimistic about Covid-19 fading quickly, the lifting of restrictions on businesses and consumers, and an earnings recovery for many companies in 2021.He may have timed the cyclical value play perfectly. However, I'm less sanguine on the outlook for the V-shaped recovery the market seems to be increasingly pricing. Even if we don't see a second wave of the virus, I think there's a high risk things could get a lot worse for the economy, and Lloyds' business and share price.Lloyds' last reported TNAV was 57.4p per share. With the shares currently at 37p, the P/TNAV is 0.65. I'd want a much bigger discount than this to encourage me to play the cyclical recovery card.As such, I'm continuing to avoid Lloyds at this stage. But I'd be very interested should we get a P/TNAV down to around 0.35 - meaning a share price of around 20p.As it is, I think there are more promising stocks in the market.

[xxxxxy] 14/6/2020 08:44

Hold firm in trade talksBy JOHNREDWOOD | Published: JUNE 14, 2020The PM should give no ground in talks next week. We need to take full control of our fish, our laws and our borders on January 1 2021.Nor do we need to delay bringing in checks at our borders on EU food and goods. They should be the same as the checks we currently apply to non EU food and goods. If it needs more people and more checking lanes at ports then there is six months to increase capacity to do it properly with no added delays. We can also use trusted trader arrangements so most of it is pre checked, not needing a border post check. If we know what is on the truck and can spot check or follow up leads if wrongful declarations are ever suspected we can allow easy transit for most goods.How many more times do we have to explain this to a reluctant Establishment? Ministers must instruct them to do it. It's what we already do for other countries so why the fuss? People importing food are anyway responsible in law for checking a consignment when they receive it, as it is  their reputation  on the line. They want compliant and wholesome food, so they do most of the checking and enforcing well away from the ports.

[cheshire pete] 14/6/2020 07:40

jL5006: "Seems the protesters are throwing bottles -
Why did u get rid of that water cannon kumquat?
Whata disgrace of a mayor!"

Getting rid of Boris's water cannon sent out the wrong message and hey presto look what happens, we get riots. Sadiq pc numpty.

[minerve 2] 13/6/2020 23:37

maxk

I don’t see any winners in government at the moment!

Ho Ho Ho!


Vote for a clown, get a circus!

LOL!

[stonedyou] 13/6/2020 23:33

St Athan is the 'preferred' location for the UK's first battery gigafactory that could provide at least 3,500 new jobs in Wales


UK company behind the proposed battery factory has been considering 42 sites

•St Athan facility is leading the way as the 'preferred choice' ahead of Coventry

•Britishvolt said a gigafactory would provide 'at least' 3,500 new jobs in Wales

•The battery industry is forecast to be worth £5billion domestically by 2025


A site in St Athan, Wales, is leading the way to become the home of the UK's first

gigafactory, it has been revealed this morning.


The company behind the proposed battery factory said it has narrowed down its

selection from 42 to just two locations, with the site in Wales the 'preferred

choice' ahead of one in Coventry.

An all new lithium-ion battery cell manufacturing site, referred to as

a 'gigafactory' after Tesla's facilities in the US and China, would see 'at least

3,500' new jobs become available in Wales.

[maxk] 13/6/2020 23:32

Good idea Min. Then replace him with a working class stiff like Stoomer.


Sounds like a winner!

[minerve 2] 13/6/2020 23:26

👋👋 Bye Bye Boris!

Next!

[minerve 2] 13/6/2020 23:21

BoJo is a busted flush. A weak man made weaker still by Covid and under his SJW young girlfriend's thumb. A leader not he. Time to go, Boris.

[minerve 2] 13/6/2020 23:18

Put Churchill’s statue in a museum where it now belongs!

Happened a LONG time ago Yawn Yawn.

[minerve 2] 13/6/2020 23:03

Anyone else agree that England is looking a great place to live ATM?

ROFLMAO!