Lloyds Banking Share Discussion Threads

[m4rtinu] 27/7/2020 09:48

... Its called International Socialism. Viva la revolucion siempre!

On Lloyd's, looks like q2 going to be poor. Just depends on their optimism (or lack of) going forward. Further lesser write downs? 25p-27p before Thurs. Then place your bets. NCI.

[geckotheglorious] 27/7/2020 09:46

Friday's mister ronery!!!



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[diku] 27/7/2020 09:05

Where is that world debt reset button?...

[buywell3] 27/7/2020 08:48

20p coming IMO

As the EU slides into surge wave number 2 and lockdowns crank up once more

Bad debt mountains will just be seen above the crest

dyor always

[maxk] 27/7/2020 08:03

Half of manufacturers to bring work home after coronavirus exposes flaws in global trade

In total, 46pc of companies surveyed by trade body MakeUK said they planned to bring work back home over the next two years.


By
Alan Tovey,
INDUSTRY EDITOR
26 July 2020 • 9:41pm



Almost half of British manufacturers are planning to rely more on UK suppliers in future after coronavirus exposed major flaws in global trade....




Paywall:

[xxxxxy] 27/7/2020 07:44

Buying more at homeBy JOHNREDWOOD | Published: JULY 27, 2020As we exit the EU we will have more scope to decide what items should be matters for national security or resilience. Under EU rules we were allowed to favour UK suppliers of defence equipment, though even here the UK ended up buying support naval vessels from abroad and only confining the warship programme to UK yards. In future we should encourage competitive UK based companies or UK based subsidiaries of world companies to compete for crucial business.We also need to make sure we have title or rights to use crucial intellectual property in complex systems and equipment. The Covid 19 crisis showed our vulnerability through relying for some medical equipment and protective clothing on world markets instead of having a domestic capability which it would be easy to scale up.Arranged well this need not  be dearer. It will mean more UK tax revenue and budget savings, as the work will be done by UK employees and profits will accrue in the UK. During our years in the EU we came to rely for more and more of our goods and supplies on imports.We could grow more of our own timber, generate more of our own power and grow more of our own food. I will be exploring these opportunities in future blogs. They all will help bring down the twin deficits we face- the government budget deficit and the balance of trade deficit.

[maxk] 26/7/2020 23:58

EU infighting shows Scotland should be careful what it wishes for

Our exit from the EU makes the economic cost for Scotland of leaving the UK much greater


ROGER BOOTLE
26 July 2020 • 8:00pm





Calls for independence may be back on the agenda, but reality is yet to sink 
in for Nicola Sturgeon CREDIT: Jeff J Mitchell /PA



Last week saw one major deal concluded, while another appeared to be slipping away. Meanwhile, one political union seemed to be strengthening as another seemed to be weakening.

But things weren’t quite as they seemed. The deal that went ahead was between members of the European Union on a new coronavirus relief fund. The sums involved looked huge – namely €750bn (£683bn).

This looks like the beginning of fiscal union, with full political union following not far behind. But it is just the first skirmish. In practice, the sums are not that large. The fund amounts to about 5pc of total EU GDP and is to be distributed over at least three years – and it comes with strings attached.

More important than the measures was the mood music. Now that the UK is out of the union, the remaining members are supposed to be free to move merrily on to closer union in accordance with everyone’s wishes, unconstrained by the foot-dragging and obstructionism of Perfidious Albion.

In fact, the summit was one of the most fractious in the EU’s history, with president Macron of France threatening to pull out. As it was, he accused the Dutch prime minister of taking up the role previously occupied by David Cameron.

Nor was this just a protest. It was also a warning. “Look where Cameron’s behaviour got him” was Macron’s message. Macron had better be careful.


All along, Euroscepticism has been much stronger across the EU than its leaders let on. It was convenient to pretend that this was largely a peculiar British condition. Meanwhile, it was useful for the leaders of countries with strong anti-integrationist and Eurosceptic tendencies to hide behind the UK’s skirts and to keep quiet. With the UK gone, they have to fight their own battles and this has forced their anti-integrationism into the open. The battles are going to be bloody. If the integrationists’ apparent victory of principle is to mean anything in practice, then there will have to be a lot more money spent on supporting the weaker members of the union.

The requisite sums are enormous. Italy’s GDP this year will be down 10pc-3pc lower than when it joined the euro 21 years ago. The coronavirus has hit the country hard, but this is not the fundamental cause of Italy’s plight.

In due course, the Netherlands and other frugal countries will be asked to finance the bailing out of a chronically weak economy unsuited to being in the euro. This is the fault of the EU’s integrationists.

Does anyone now seriously believe that if the euro wasn’t already here, the EU would need to invent it? Meanwhile, it seems that negotiations between the UK and the EU over a trade deal when Britain’s transition period finishes at the end of this year have not been going well.

The UK Government is apparently preparing seriously for a “no-deal” exit, under which we would trade with the EU on World Trade Organisation terms. We definitely should be preparing for such a scenario, but I would not give up hope for a deal.

With the EU, the requisite concessions and resulting deals typically occur at the last moment. But the most important thing is that although a no-deal exit wouldn’t be ideal, it would be far from disastrous.



It would mean that we would trade with the EU on the same terms as most of our non-EU trading partners, including the US. Anyone who thinks that this would deal a devastating blow to the UK economy has clearly been living on the Planet Zog for the last five months.

Whatever temporary difficulties there are from a no-deal exit would be a rounding error compared to the devastation wrought by the lockdown. The extent of the wrangling and ill feeling at the EU summit, coupled with the realisation that €750bn is a mere fleabite compared to what will be needed to stabilise the euro, should emphasise that we are well out of this union of impossibilities.

If we had remained, heaven knows what sums we would be obliged to cough up in future years. This touches upon the fate of another union, namely the United Kingdom. Scottish opinion polls now show support for independence steadily above 50pc. The fact that Scotland voted to stay in the EU and was outvoted by England certainly isn’t helping.

Moreover, at least as far as the presentation is concerned, Nicola Sturgeon, Scotland’s first minister, is widely perceived as having had a much better coronavirus crisis than Boris Johnson. The “i-word” – inevitability – is being frequently heard.


When it comes to economics and politics, I am not much fond of the i-word. And I don’t think that another referendum in the next few years is remotely inevitable, nor its result if there is one. Our exit from the EU makes the economic cost for Scotland of leaving the UK much greater. What is the point of trying to rejoin the EU – for that is what would be entailed – if that meant leaving the UK’s single market, which is much more significant for Scotland than the bloc?

This message has still not sunk in. It is one thing for Scotland to leave if the UK is still part of the EU.

That would continue free movement of people, goods, services and capital across the border. But that possibility is now gone for good. Of course, there is more to life than economics, and when it comes to political unions, feelings of attachment, security and solidarity count for a lot.

Between the four members of the UK, those feelings have been sorely tested. But just watch what is going to happen in the EU over coming months and years. The lessons will not be lost on the Scots.

Roger Bootle is chairman of Capital Economics.

[excell1] 26/7/2020 22:29

O.K. Alp we will concede everything concerning Brexit if Barnier let's us win the European song contest occasionally......Eh!

[minerve 2] 26/7/2020 22:27

Could you stand the share at 28P?

Could you stand the share at 25p?

How about 20p?

Oh dear, how long might it sit there at those levels with you in a negative position?

Waiting for a dividend that could be, 2%? Maybe 0% for another year?

Not looking good is it. Not looking good at all.

People might have already made the decision today to run for the exit doors.

Are you going to sit and watch them run and watch your holding go closer to zero?

That holiday could disappear, the new car, the new kitchen, the bills for the next x no of years.

Wifey won't like it, I hope she understands.

[utrickytrees] 26/7/2020 22:23

I like polish women, all the blokes should be sent back.

[minerve 2] 26/7/2020 22:22

Good start I suppose on a planet of how many? 7.8 Billion.

LOL!

Surely that must tell you how insular and out-of-touch you are with the rest of the planet.

[utrickytrees] 26/7/2020 22:20

Scottish Nationalists & lumper munchers & frogs, we dont like them either or anyone from the other village.

[cheshire pete] 26/7/2020 22:20

Nigel Farage, Boris, 17.41 million leave voters, Royal Family for starters.

[minerve 2] 26/7/2020 22:19

Will they have enough courage to watch the Lloyds share price over the next 6 months?


ROFLMAO!


Don't say Minerve didn't warn you!

LOL!

[minerve 2] 26/7/2020 22:13

Anyone with basic knowledge in finance knew the so called bounce back loans were going to end up being wealth transfer - from the taxpayer to any person with sufficiently bad character.

- Comment on the FT


Yep, shame the government can't see that.

[minerve 2] 26/7/2020 21:54

It's still a bank though!

LOL

Get ready for more bad news.

[minerve 2] 26/7/2020 21:53

It said "banks" Min, thats plural. The ol nag is not alone.



I never said it was.

[alphorn] 26/7/2020 21:53

Excell - a bigger chance of winning the Eurovision song contest. ;)

[alphorn] 26/7/2020 21:52

A reminder of the key UK talent:

Theresa May
Oliver Robbins
David Davis
Dominic Raab
Stephen Barclay
Sir Tim Barrow
Boris Johnson
David Frost

For the EU
Michel Barnier.

[az209] 26/7/2020 21:51

"Bad sign if this quote is true. The guy is a nincompoop if he is going into the negotiations on a win basis, ie the other party lose. Where do they find these people?"

You could well be talking about Michelle Barniers stance here, could you not?

[excell1] 26/7/2020 21:31

Only 60% Alp. Not nearly enough,we want at least 99%.
"We want it all,we want it now,we are the champions my friend"

[alphorn] 26/7/2020 21:22

Largest UK, Swiss and eurozone lenders expected to make at least €23bn in provisions as they tackle Covid pain. (FT).