Lloyds Banking Share Discussion Threads

[edmundshaw] 30/7/2020 08:20

Norcros (NXR: showers, bathrooms etc) AGM statement today. April, May was bad, June trading was normal levels, Juli running at 115% of last year! Share up 9%...

People are (a) getting back to business (for now) and (b) as noted above upgrading their homes while not going out to work. So at least part of the economy is doing fine!

[maxk] 30/7/2020 08:19

You might be right Scars .. who knows where this turkey will end up.

[buywell3] 30/7/2020 08:17

buywell is not surprised by these results

buywell has been giving his 20p view for weeks and weeks now

After his 30p call when LLOY went to 65p on buybacks

Perhaps the new CEO will do some more

Today was the day the buybacks should have started ---- not 6 months or so ago

dyor

[scars] 30/7/2020 08:16

How about 26 pesos, deal or no deal?

[bookbroker] 30/7/2020 08:14

This Govt., and the Govts. of the free world have a lot to answer for, for creating a system of unbelievable inequality and extravagance. Allowing rates to fall to extreme levels, discouraging a saving mentality, and numerous other failures. They are creating another banking crisis, and it is time that they take the risk that the banking system has to endure. Lloyd’s should not be bailing out customers for mortgages they can ill-afford, they need to really tighten their lending criteria in future, people were furloughed by the Govt. to pay their mortgages, so why these payment holidays! WHY, WHY, WHY!!

[buywell3] 30/7/2020 08:14

None posting here can't say that buywell did not try to give a warning on Bank shares

The pain is only just starting

dyor

[maxk] 30/7/2020 08:14

27 pesos anyone?

[m4rtinu] 30/7/2020 08:14

Hawk - 10 years should be long enough to cover another financial crisis. For whatever reason it comes about: disease, war, poor economics, selfishness of rich. 😥

[chavitravi2] 30/7/2020 08:11

Hawkins, I agree. I'm a bit down now but see it all different in a years time.

[chavitravi2] 30/7/2020 08:08

Barclays opened lower as well.

[montyhedge] 30/7/2020 08:08

I see 18p on this dog.

[hawkind] 30/7/2020 08:06

Buy and hold these shares at these lows = healthy sum to pay off mortgage in circa 10 years. COVID in time will pass, PPI is now coming to an end where it doesn't even warrant a mention and interest rates will not stay low for ever. For anyone with mortgages, buying bank shares is like a 'Hedge' against rising rates when it does happen, and it will, even if it's not for another 4 years.

[7rademark] 30/7/2020 08:05

Watch this go to 31p today. Dividend back in weeks.

[hamhamham1] 30/7/2020 08:05

Bought at 26.6p. Nice ;)

[diku] 30/7/2020 07:55

And those builders doing those extensions, loft conversions etc etc...do you know how they earn their money?...they all prefer cash in hand...

[renew] 30/7/2020 07:54

Couldnt see any mention of PPI. Shouldnt we have had an update as to whether what they set aside in 2019 covered the final outlay?

[gaffer73] 30/7/2020 07:53

Where I live I've never seen so many houses, extensions and people talking about buying kitchens etc. There won't be any recession.

[chavitravi2] 30/7/2020 07:52

Less profit on the book = less tax.

[muzmanoz] 30/7/2020 07:52

As a bank, surely you'd kitchen sink everything into provisions to give the message to the government that you don't want to be forced to take on more risk without further support.

[diku] 30/7/2020 07:51

Not only free holidays on mortgages and overdrafts but it will spill over onto utility bills as well...and not just furloughed staff but small shops/businesses got cash grants of 10k and above...

[diku] 30/7/2020 07:49

Seeing lots of top end cars back on the roads...aka Mercs,Audis,BMWs, SUVs...where is this recession....no recession so far..





chavitravi230 Jul '20 - 07:34 - 11119 of 11123
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Very few are out of pocket or out of a job yet, this aside could be well over done.
mitchy30 Jul '20 - 07:38 - 11120 of 11123
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I would expect lending to all but dry up in the coming months without government help. The real crisis hasn't even begun in my opinion.

[mitchy] 30/7/2020 07:49

18p . That's my guess for the opening price.

[mitchy] 30/7/2020 07:47

I would expect a big delay for the first opening price.

[m4rtinu] 30/7/2020 07:46

Fair point that IF provisions not needed would provide surplus cash. How big is that "if"? Did the loss facilitate the whopping tax credit?