Lloyds Banking Share Discussion Threads

[mr.elbee] 16/6/2020 16:42

spot on penultimate para cobourg

[cobourg1] 16/6/2020 16:34

Sikhthetec - The markets are volatile and being supported by govn for a reason... I think stockmarkets are over priced given the current economic climate...

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Sikh - You are quite right. Yes they are overvalued. But that doesn't automatically mean that they're going to fall.

There is a lot of money being borrowed by governments at the moment and probably even more being printed. Money flows around the economy I think it's been said 13 times before it eventually settles and seeks for somewhere be either saved or invested.

Invested where?

Savings accounts paying no interest? Property, with values of commercial and domestic property falling? Commodities, a better bet perhaps and commodities will rise slowly in line with inflation. Gold? Since 1900 it has maintained its value and kept pace with inflation, but that's all. I think anyone who sees gold at $5,000 is living in lala land.

Or equities, which at least offer the opportunity of some long-term capital growth and dividends. Just like Lloyds does incidentally. Yes they are overvalued on the basis of forward earnings etc but where the hell else can you put money. Putting it under the mattress is not a very smart investing strategy.

I've been shorting the indexes for years and losing money, especially on the Dow, convinced that they were overvalued and would fall. Well they did fall a few months ago and I finally made some money, but look at the way they have recovered. The Dow for instance won't fall substantially or for very long because it will not be allowed to fall. The banks won't fail because it would be catastrophic if they did and they will be given whatever it takes to keep them going. The real value of money is falling in an insidious way of course with all the printing, but who thinks about that.

In my opinion Lloyds in the lower 30s is in an unsustainable position. Value will out and the price will rise.

Just my view of the current world.

[xxxxxy] 16/6/2020 16:31

BREXIT. It must be sovereign independent Brexit. And Made and Produce of the UK First.Not Made in China.Not Made in the EUSSR.Let the lessons be noted. Never again.UK must look after self. First. Not be dependent or controlled by others and their Elites. Sure be friends with others. Travel to others. But NEVER again be controlled and ordered and told what to do by others.Freedom and Democracy and Independence.So.NO DEAL

[xxxxxy] 16/6/2020 16:29

Cat Bee15 Jun 2020 6:42PM@Merrill Berthrong  Plenty of financiers are putting their money into German banks because the German Euro is so cheap to buy.  If the Euro collapses the new German currency will revalue, perhaps as much as 20%.  They'll make a killing

[xxxxxy] 16/6/2020 16:28

Brexit talks: "Tiger in the tank?" "Pig in a poke?" How about "Dead as a dodo"?With Boris Johnson and the EU trading metaphors yesterday, what about real trade??Original photo © European Union - montage by Brexit Facts4EU.orgA Brexit Facts4EU.Org summary of the UK-EU trade talksYesterday afternoon British Prime Minister Boris Johnson sat down across an internet connection from three presidents of EU bodies. Only a very tiny number of people in the United Kingdom - and indeed in the rest of the world - would be able to name all three of these presidents from the EU.The purpose of his meeting, Mr Johnson said later, was to inject some "oomph" into the UK-EU trade talks which have been in a stagnant and festering state for weeks. Naturally the two sides blame each other for the intransigence. Crucially, yesterday's virtual meeting took place ahead of the June (video) Summit of the 27 leaders of EU member states which will happen on Friday.hTtps://facts4eu.org/news/2020_jun_dead_dodo

[minerve 2] 16/6/2020 16:14

"Pointless machinery of government change as grandstanding optics to the traditional conservative voter base while avoiding focusing on far more pressing priorities (small things, like a pandemic taking the life of thousands, Brexit and a nose-diving economy)?"

Checked that box.

Next?

"U-turn on free school meals vouchers?"

Check.

"U-turn on nursing surcharges?"

Check.

"U-turn on not sacking Cummings for breaching lockdown, behaving like a rank hypocrite and betraying the public trust?"

Silence.


FT Comment

[iomdm] 16/6/2020 16:09

Gecko, if you were to add the UK's figures to your list I think they would be by far the worst. Make Sweden look successful.

[farnesbarnes] 16/6/2020 15:59

"the only bank that has and will get rid of state involvement"

This statement is nonsense. "has" contradicts "will".

[geckotheglorious] 16/6/2020 15:57

Anyone still wanting to be like Sweden?

Sweden Pop:10.3m Cases 51,614 Deaths 4,874
Norway Pop 5.3m Cases 8,613 Deaths 242
Finland Pop 5.5m Cases 7104 Deaths 326
Denmark Pop 5.7m Cases 12,393 Deaths 579

Swedens strategy not been successful.

[mr.elbee] 16/6/2020 15:33

the only bank that has and will get rid of state involvement

that is why the share price is so low in the soon to be socialist Britain

[sikhthetech] 16/6/2020 14:45

These are some of the reasons I think the stockmarkets/economy are at high risk of another crash...




from events on the list:
You'll see recently Chinese Military crossed over the Indian border.... 3 soldiers have been killed....
These are 2 nuclear powers...

[sikhthetech] 16/6/2020 14:39

aljm

"when have we ever seen low to mid 20's btw ??"


You could have said "when have we had mid to late 20s" only couple of months ago...
It happened didn't it?


The markets are volatile and being supported by govn for a reason... I think stockmarkets are over priced given the current economic climate...

Also President Trump needs to win a 2nd term and a stock market/economy crash would severely damage his chances..
The Presidential Election is later this year...

[pinemartin9] 16/6/2020 14:32

Yes, but sentiment can change quickly. When the markets dropped last week it felt like it could've been possible. I don't think the big boys have had enough fun yet. They will create more volatility and rinse and repeat. Markets feel overpriced to me given we are entering one of the worst recessions ever! For my pensions I'm dripping into a small cap fund as they've been hammered and always do get hammered in a recession. When they start to move they will move quickly. A good time to buy cheap units in small cap funds for the long haul I reckon.

[aljm] 16/6/2020 14:24

when have we ever seen low to mid 20's btw ??

[sikhthetech] 16/6/2020 14:20

aljm

" market has already had one correction, why will we get another ?"

Because govn support, via furloughing, is supporting the economy not just here but in many other countries...

Still have US-China Trade wars, Brexit(possibility of no deal brexit), Covid 2nd wave etc...


There is a reason why govn provided and is continuing furloughing until Oct...it wasn't for fun...


"not saying 31p is not ever going to happen again, but nowhere near as likely now IMO"

I think we'll see low-mid 20s again...


Hence why I prefer to drip feed...

[squire007] 16/6/2020 14:19

37p has to be here again soon, just chill

[pinemartin9] 16/6/2020 14:12

Thanks Cobourg1 - I see your point. I've just been on the wrong side of things too often. In these markets I can see an opportunity to make quick money and be patient for a buy in price. It may or may not get there but there will be other opportunities to deploy the money if Lloyds doesn't drop again. I'm not a big investor but on my recent Lloyds chuck I was £550 up in a few weeks. Could've sold them and bought back in. It was about a 15% gain in a few weeks.

Always difficult to know when to sell. Our investment club gets caught out all the time due to indecision and we've had some shares that were 50% up and not sold and seen them drop back to a loss. Never wrong to take a profit IMHO. Comes down to timescales and a pragmatic view on the profit made in what timeframe against the general backdrop of the markets.

[utrickytrees] 16/6/2020 14:10

What are your thoughts on people breaking wind within earshot M2? Personally I dont think it's as amusing as it used to be several years ago?

[aljm] 16/6/2020 14:09

Cobourg, gotta say i agree, market has already had one correction, why will we get another ? not saying 31p is not ever going to happen again, but nowhere near as likely now IMO

[cobourg1] 16/6/2020 14:07

Pinemartin - I'm waiting for 36p again and then will sell.

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As time goes on and recovery hopefully continues and a dividend comes into prospect I think there will be less and less chance of returning to 31p.

Why not sell half at your target price? If the rise continues you're covered and will still make money. If it drops there is still a chance to make money trading with half your investment, selling the retained part if the drop really continues. Life is full of compromises unfortunately.

I wouldn't like to be in the position of being all out, and then having to buy back in at a higher price. Been there, done that all too often in the past.


Lloyds should settle at about 40p hopefully by the end of the year. Well worth retaining a stake in my opinion.

[whitestone] 16/6/2020 13:47

'Major breakthrough' as £5 steroid which slashes deaths for most severe coronavirus patients to be rolled out

[pinemartin9] 16/6/2020 13:32

I'm waiting for 36p again and then will sell. I think the markets will provide another chance to pick them up again at circa 31p.