Lloyds Banking Share Discussion Threads

[gaffer73] 31/10/2020 13:43

Scaremongering article. Lloyds have huge turnover and would be heading for 8b profit this year if it wasn't for the impairments. For a company with a mcap of 16b that's cheap.The world economy would have to collapse for that article to be accurate.

[grahamite2] 31/10/2020 13:30

"Put not your trust in princes" is biblical, isn't it?

[dexdringle] 31/10/2020 13:18

I've never read such a stupid article:

"Britain’s banks, themselves exceptionally highly leveraged on a market capitalisation to balance sheet assets basis".

Market capitalization has nothing to do with leverage ! Leverage is the net book value to total loan book ratio.

"....in the case of Barclays, the market is telling us that in a liquidation, shareholders will receive less than 28% pence in the pound"

No it isn't. The market capitalization is already only 28% of the net book value. Meaning the market is forecasting that 72% of the net book value could be lost on writedown. But this is already in the price in that the share price is already only 28% of net book value.

[asa8] 31/10/2020 13:13

Johnson out his brain has gone soft everyone should just get on with it except the elderly and vunerable

[stonedyou] 31/10/2020 12:53

Covid cases are not spiralling out of control, says King's College
Figures contradict recent data from Imperial College, which showed nearly 100,000 new coronavirus infections a day in England

By

Sarah Knapton,

SCIENCE EDITOR


Covid-19 rates are not surging, researchers at King's College have said after results from its symptom tracker app showed a far less deadly virus trajectory than Imperial College findings....

[stonedyou] 31/10/2020 12:35

James Bond actor Sir Sean Connery dies aged 90

[scruff1] 31/10/2020 12:23

max
Interesting but scary article and I suspect its what most of us here expect and fear and next week looks like making it even more inevitable

[maxk] 31/10/2020 11:59

Never mind the guff in the so called newspapers.

The real horror story is here, and the ol nag is well to the fore.

[scruff1] 31/10/2020 11:36

Dope
Read the article (thanks). Not sure of the relevance to covid apart from the fact that if the govt is going to use lockdowns until an effective vaccine is developed then the one apparently coming next week could be the second of quite a large number. My personal opinion is that the collateral damage to businesses and individuals for something thats unlikely to have much effect long term is the wrong action and that a coping strategy has to be developed. People would have to take their chances and behave as they think fit. If Darwin was correct then raves and mass drunken gatherings would soon become less well attended. Its what used to happen to idiots before the welfare state largely ended natural selection.

[maxk] 31/10/2020 11:35

How do you sort the over 60's from the rest?


What about the under 60's who are decrepit?

[careful] 31/10/2020 11:23

You have to be cynical.

All those calling for a lockdown will be paid in full, they will not lose a penny.
But they are inconvenienced by their children not being at school or university.
So naturally the new lockdown will not apply to schools or universities.

SAGE rejected the best solution, that would mean isolating everyone over 60.
They said it was impractical.
Could it be that the real reason was because many of them are over 60 and it would affect them?

[gbh2] 31/10/2020 10:55

That's the thing about Viruses they mutate to live.

[xxxxxy] 31/10/2020 10:49

Picked up on 100 thousand a day infected, so 650 days. Already well in so most over by March. Accelerating obviously. So pick your date from March onwards.

[xxxxxy] 31/10/2020 10:46

Anyone remember voting for SAGE.

[xxxxxy] 31/10/2020 10:45

James KKKK31 Oct 2020 10:41AMI wonder if anyone running a business will want to bother anymore, because there is absolutely nothing to say lockdown 2 is the last and the unelected Sage committee have now tasted power which they seem to relish in a chilling fashion.

[careful] 31/10/2020 10:40

these rates of infections vary depending on the 'expert' you choose to listen to.

Imperial College, they are the most dramatic and scary, remember their prediction that there would be 250,000 deaths, worst case, by mid summer?
Prof Ferguson had to resign because he saw his mistress during lockdown.

Imperial are at it again, how they love the limelight.
They say infections are doubling every 9 days. (yet again)

Prof Tim Spector, prof of genetic epidemiology at King College says it is far lower and doubling at a rate of every 28 days.

That s a massive difference, as many infected people do not even know they have it, and the young just shrug it off quickly.

Project fear on steroids.

[xxxxxy] 31/10/2020 10:32

I am so annoyed.

[xxxxxy] 31/10/2020 10:26

Had a guts full of Covid-19. Being nice wont work because nothing is going to stop that virus. It is already riping anyway. Perhaps be thankful; as the politicians are useless impotents. Hope where there is none. False hope is cruel. Do the calculation, all gone in 650 days. With acceleration mostly gone by March.C' est la vie.