Lloyds Banking Share Discussion Threads

[mitchy] 28/7/2020 13:54

Once again more buyers than sellers. People are topping up ahead of the results.Good Luck.

[pal44] 28/7/2020 13:46

But spending Bank divs will boost the economy think the Govt will have to consider this before deciding on any cancellation of Dividends .

[yobstol] 28/7/2020 13:26

Is the temporary suspension of dividends more welcome than a bank have to issue new equity in order to improve its balance sheet ?

[grahamite2] 28/7/2020 13:21

Unwelcome as that news is, it's no great surprise. Surely it is obvious we might scarcely have seen the start of the impact COVID and the government response to it will have?

I just hope the solids don't hit the fan until after November.

[yobstol] 28/7/2020 13:10

Will the the Banks making any money from the government COVID19 lending scheme ?

It’s backed by the government but you have to go via a lender. Are the lenders making a % cut ?

[freddie01] 28/7/2020 13:08

New ban on car salesmen's tactic will save drivers millions

The change in the rules will come into effect next January


The financial watchdog has promised that car buyers could save around £165 million a year after it said it would ban commission to sellers from financiers.

The Financial Conduct Authority said that current rules give car salespeople an incentive to work against the best interest of customers.

At the moment car retailers and motor finance brokers are given a commission based on the interest rate that customers pay on their car loans.

This means they have an incentive to push customers towards more expensive loans.

The ban will come into effect on January 28 next year to give companies time to plan, the FCA said.

FCA boss Christopher Woolard said: “By banning this type of commission, where brokers are rewarded for charging consumers higher rates, we will increase competition and protect consumers.

“We estimate that consumers could save £165 million because of today’s action.”

Under the new rules, customers will also be able to expect to get more relevant information in the way that commissions are paid.

The FCA has been looking into the issue since 2017. It first announced its intention to ban the practice in October last year.

It said: “Firms are also often failing to give customers timely, relevant information.

“The changes to commission disclosure are relatively minor and designed to be low cost and result in refinements to firms’ existing practices.

“We believe our changes will make it more likely that consumers get timely information.

“In turn, this should increase their ability to make more appropriate decisions. These disclosure changes will apply across all credit sectors, not just motor finance.”

[maxk] 28/7/2020 13:01

Thats very unkind!

I'm sure Boris is quite capable of running a corner shop .. into the ground.

[lefrene] 28/7/2020 12:26

It's never about the real world, it's always about the next days newspaper articles. I doubt Boris could run a corner shop.

[grahamite2] 28/7/2020 12:21

Both are.

How Boris can even think of loading the catering sector with yet more regulation when it is struggling to survive is beyond me.

[minerve 2] 28/7/2020 12:16

The government are the real danger to the economy, not COVID.

[bbalanjones] 28/7/2020 12:09

mm2: don't get fixated on waiters!

[mikemichael2] 28/7/2020 12:04

Come on, loose wait.

[poikka] 28/7/2020 12:04

"The Labour opposition has called for a "localised approach" when deciding which destinations should be exempt from quarantine measures.

Shadow Transport Secretary Jim McMahon described the government's approach to quarantine as one of "delay, overreaction and then retreat", warning it had caused "huge confusion" and "risked many jobs in the sector".

He told the BBC that the public expected "an evidence-based, localised approach" similar to that in the UK, where “different towns and cities are treated differently”."

Wrong, Portuguese were looking to reach UK via Spain before the new Spanish restrictions came into being, never mind moving around Spain itself.

[cobourg1] 28/7/2020 12:00

Monday's trading. Low-volume ahead of the results?

The share price for Lloyds Banking Group company symbol: LON:LLOY has moved down -2.19% or -0.65 points during the course of today’s session so far. Traders did not seem confident throughout the trading session. The periods high has already touched 29.83 meanwhile the session low reached 28.98. The total volume traded so far comes to 63,569,991 with the daily average traded share volume around 206,873,790. The 52 week high price for the shares is 73.66 some 43.96 points difference from the previous close and the 52 week low at 27.12 a difference of some 2.58 points. Lloyds Banking Group now has a 20 SMA at 31.1 and the 50 day simple moving average now at 32.1. The current market capitalisation is £20,549.41m at the time of this report. The stock is traded in GBX. Mcap is measured in GBP. This article was written with the last trade for Lloyds Banking Group being recorded at Monday, July 27, 2020 at 12:13:33 PM GMT with the stock price trading at 29.05 GBX.

From Director's talk.

[smartypants] 28/7/2020 11:49

Well I know you old boys enjoy this kind of thing...so
Here is the (more than) 15 day chart
If you want to make it even more depressing, flip the top line below the bottom one

[bbalanjones] 28/7/2020 11:34

Beckett for Power Lifters . . . Weighting for Godot.!!

[minerve 2] 28/7/2020 11:29

My GF often puts rapeseed oil on the shopping list so next time I'll be looking to see where it is produced.

[sikhthetech] 28/7/2020 11:12

Diku,

"H2B are at least asset linked new builds..."

Yes, new builds tend to be around 20% more, so new build buyers are already in a loss when they buy.
What happens to those assets if the housing market crashes?. Falling house prices, lower asset prices leads to bad, toxic, loans..

The govn needs house prices to continue rising otherwise they will be stuck with toxic H2B loans, another financial crisis...