Lloyds Banking Share Discussion Threads

[diku] 28/7/2020 11:02

Alp...it was a generalization question to all on bb?...

[alphorn] 28/7/2020 10:55

Essential - agree with you. Somehow they seem to be consistently wrong footed and also agree that the government backed loans could well be toxic. At best they will hang over the domestic banks for potentially years.
The US are very strong in being able to take a hit and start again. One of their strengths which is not followed in Europe.

[essentialinvestor] 28/7/2020 10:47

I suppose it depends how much of this is potentially factored in already.

Mentioned a few weeks ago that under 27 pence may be a buying opportunity,
however that's just guesswork on my part. Need to see the update.

[sikhthetech] 28/7/2020 10:44

EI

"these 100% government backed loans may be the next toxic situation
for UK banks"

Exactly...
And I can see Help to Buy will be toxic for housing market, which will impact banks..

How many H2B loans will become bad loans?

[essentialinvestor] 28/7/2020 10:41

Alp, if this was a US equivalent, it would arguably be very attractive.

There is a juvenile political attitude to banks in the UK.

Bottom line, any investment in a UK bank comes with potentially significant
regulatory And political risk.

On that subject, these 100% government backed loans may be the next toxic situation
for the sector. I can see problems on this, with banks being accused of not carrying
out sufficient due diligence.

[alphorn] 28/7/2020 10:37

diku - I did not write the article!

[maxk] 28/7/2020 10:37

In reality, it's probably a smokescreen to hide whatever it is they want out of the public eye.

[alphorn] 28/7/2020 10:36

Essential - IMO Lloyds made a strategic error in its positioning and that is relentless in valuing the business. I called it the UK quoted Post Office some years back - that is what it is. Having said that it must be getting close to a floor now.

[diku] 28/7/2020 10:36

Define "moderate" in bonus terms?...and what about share awards?...

[alphorn] 28/7/2020 10:33

How much will this FT comment carry over to Lloyds?

"ECB tells eurozone banks not to pay dividends until January 2021. Central bank also restricts buybacks and calls on lenders to be ‘moderate̵7; in bonuses. Banks across Europe braced for further heavy loan-loss charges."

[minerve 2] 28/7/2020 10:31

grahamite2

I think it could be a precursor to increasing taxes on food.

It's not the aim that I have issues with. It is the haphazard , and seemingly sinister, way it is done. It seems rushed. Was it even in the manifesto? Does the manifesto have any meaning anymore? Is this just a SCummings dictatorship by-proxy? Is COVID the real driving issue or is there some other motive?

8% of worse-case COVID patients are obese. That's not a meaningful statistic that is going to have any affect on the second wave. It's like having 100 even stocks in your portfolio and expecting one to have a meaningful affect on the year-end results. Very unlikely unless you are one of the Amazon seed investors.

[essentialinvestor] 28/7/2020 10:29

gb,

this is a genuine question- given that Lloyds has lost over 90% of it's
value over the last 20 years, why are you shocked by recent performance?.

[diku] 28/7/2020 10:26

Just like no returns on saving rates this share malaki is also becoming a zero sums game last few years...only beneficiaries are the insiders having dual Directorships laughing all the way to their bank...

[grahamite2] 28/7/2020 10:24

Why should the government target obesity? It's none of their damned business.

[geckotheglorious] 28/7/2020 10:18

Patient,

Turkey shouldn't be in Nato - they should have been booted over their antics in Syria and their cosying up to Russia with the GTA missile system.

Turks cannot be trusted.

[alphorn] 28/7/2020 10:13

mm2 - YOUR lack of judgement. Did you have training for that?

[grahamite2] 28/7/2020 10:08

I don't know what all this talk of war between Greece and Turkey is about. But if it came, England would support Greece as it has in the past, regardless of what the Europeans might do.

[minerve 2] 28/7/2020 10:03

mm2

Thanks for the heads-up on tyre vouchers but my car has very expensive run-flats. Each corner would cost the same for a full set on your Jazz.

[alphorn] 28/7/2020 09:34

PC - VP would be grinning from ear to ear. He is doing very well these past few years without firing a shot. Not a good situation.

[patientcapital] 28/7/2020 09:29

It would be a strange state of affairs were two members of NATO to be at war with each other.

[maxk] 28/7/2020 09:27

Funny enough Alp, I had that down as a €uro special.

[alphorn] 28/7/2020 09:20

max - could be that latest car on the other thread, also known as the 'Brexit special'. It blows up as soon as it hits anything. Clever positioning of the tank.

[maxk] 28/7/2020 09:16

What is going to happen on 01/01/21 that us thicko brexiteers cant see Alp?