Lloyds Banking Share Discussion Threads

[tradejunkie2] 08/2/2021 19:25

Stinking nag.

[grahamite2] 08/2/2021 19:23

Totally agree, careful. The Americans were crazy to get rid of Trump.

Not often we get such sense from you!

[richie1218] 08/2/2021 19:16

CITI STAYS AT 'BUY' LLOYDS AND NATWEST GROUP, BUT 'NEUTRAL' TOWARDS MOST LENDERS

(Sharecast News) - Analysts at Citi reiterated their 'buy' stance for shares of NatWest Group and Lloyds, but stayed at 'neutral' for most of the UK's domestic and international banks.
Their projections called for 'resilient' net interest margins and lower loan loss provisions among UK domestic banks.

International lenders HSBC and StanChart on the other hand might experience another leg down on the back of a drop in HIBOR, they said.

By and large, the analysts anticipated that most lenders would echo Santander UK's 2021 guidance for stable margins and a decline in costs and credit losses.

Lloyds however might be more cautious on the former, while NatWest was expected to provide some signalling on its intentions for capital returns.

At the sector level, Citi was 'overweight' UK domestic banks but 'neutral' on international lenders.

Nonetheless, among the former, Citi was at 'buy' for NatWest and Lloyds with the former being the broker's 'top pick'.

They were 'neutral' on Barclays, HSBC, StanChart - preferring HSBC over StanChart - Paragon Group and Virgin Money UK.

The reason for their neutral recommendation on Barclays was their expectations for lower investment banking revenues.

Even so, for UK domestic banks as a whole they expected positive earnings momentum, together with "large" capital returns in the backhalf of 2021, to offset the lack of growth.

To take note of, consensus profit estimates for UK lenders had troughed in October, Citi added.

In the case of UK international lenders, net interest margins were seen hitting a bottom in the second quarter, with loan growth improving, credit losses nearly halving when compared to 2020 and normal payout ratios returning to normal in the second half of the year.

[careful] 08/2/2021 19:01

The Americans have gone crazy.

They have just got rid of Trump, the village idiot, as President.
Now the pot smoking clown Musk has become the Worlds richest man.

They must implode, Tesla and Bitcoin.

[minerve 2] 08/2/2021 18:50

"$19.3bn of cash or marketable securities at present."

Market cap = c$808Bn
NAV = $6bn

Seems like the morons are depending on crazy forward cash flow projections - got to sell a lot of expensive go-karts. ;)

[scruff1] 08/2/2021 18:47

gbh2
Cheers for that. Thats what I thought. Not sure how it fits in with Alps post

[netcurtains] 08/2/2021 18:39

psychocopper: ...so can you summarise ... What are the basics. I lost it somewhere in all that.

[minerve 2] 08/2/2021 18:38

psycho

The history of the junk bond markets in the 80's goes well beyond the simple concept of debt and debt service. It is a prime example of how euphoria and herd mentality can take over commonsense. Even though it started in the junk bond market its effects eminated to affect all securities. Investment banks, issuers, underwriters, brokers, fund managers all took positions of self-interest or got involved in the hype by disregarding fundamentals and standard ways of evaluating business. This time is no different, same race, just a different horse.

What do you think is going to happen when the interest rate cycle turns and these sky high valuations will no longer be seen to match either the forward cash flows and/or the tangible/intangible asset valuations that have been built up on QE and central bank monopoly money?

"marketable securities" - you have to laugh at that one.

[psychochopper] 08/2/2021 18:19

Min: “If anyone doesn't believe me I suggest they study the junk bond market of the 80's and early 90s.“

What? No similarity, dunderhead. Junk bonds or high yield, call it what you will, was defined by high or very high leverage with bonds having coupons of several hundred basis points over Treasuries.

Tesla has massive negative net debt!!! $19.3bn of cash or marketable securities at present (and I do not think that counts Bitcoin, but who can say!).


Junk bonds, or rather, the companies issuing them, failed because they could not make the cash flows to service them. Tesla has negative coupons, so hardly the same, is it? It may be a hopeless use of equity, but please get the basics right. It’s embarrassing.

[diku] 08/2/2021 18:06

Classic Goodmans and Co...what chance they told their clients to buy in around 33p last week?...

[crazi] 08/2/2021 17:15

Goldmans all of a sudden upgrade when the price has already met that target... hindsight heh...lol

[nick100] 08/2/2021 16:17

* Goldman Sachs upgrades shares of Lloyds Banking group to "neutral" from "sell"; bumps PT to 38p from 33p

[crazi] 08/2/2021 15:53

Holding up ok today...

[xxxxxy] 08/2/2021 15:10

Northern Ireland. Some unfinished business.....Michael Collins8 Feb 2021 1:06PMGood afternoon,"They are the opposition. You're enemies are all around you".It is blindingly obvious that we are surrounded by too many small minds that wish only ill on GB, and England in particular.Get rid of the protocol and let's see how we do with far less interference from the EU, Ursula and Simon Coveney.As they begin to languish in post-covid depression let us be about our own business.16LikeReplyChris OConnor8 Feb 2021 1:25PM@ Michael Collins - correct. We need to stop being soBritish (far, far too polite) and just be as you say about our own business.6LikeReplyThe BasicMind8 Feb 2021 12:58PMThis is factually wrong. The EU didn't merely threaten to impose article 16 and then backtrack, they DID impose article 16 and then backtrack. There was no time for the order to take effect in practical terms before they reversed the move, but it was a wholly different thing to merely making the threat.26LikeReplyChris OConnor8 Feb 2021 1:26PMCorrect11LikeReplyDavid Jones8 Feb 2021 1:55PM@The BasicMind Correct. It was a regulation:https://trade.ec.europa.eu/doclib/docs/2021/january/tradoc_159398.pdfnow deleted but still available elsewhere... Daily Telegraph

[utrickytrees] 08/2/2021 14:56

If border checks for goods is anything like border checks of british passport holders who have EU residency I'm not suprised it's a shambles. The EU dont know what they're doing...fkin bellends.

Under the divorce deal, U.K. nationals living in the EU by the end of 2020 should be able to enter and leave the Schengen Zone without having their passports stamped if they can prove that they are resident in the host country. That can be done by, for instance, showing a residence card or proof of having applied for a residence permit.

But POLITICO has heard of at least five cases in France, Germany and The Netherlands where border officials have insisted on stamping the passports of all Brits

[poikka] 08/2/2021 14:55

Don't fret, max.

"The mutations seen in South Africa change the part of the virus that the vaccines target.

It means all the vaccines that have been produced so far are likely to be affected in some way.

Trials for Novavax and Janssen vaccines that were carried out in South Africa showed less effectiveness against this variant. Both are currently before the UK regulator.

Therefore the news about the Oxford-AstraZeneca does not come out of the blue."

Pfizer wasn't mentioned as being effective against the SA version, but maybe the bbc forgot to mention that.

In any case, the vaccines still appear to, maybe, prevent serious effects. The news will no doubt change as more information comes to light.

Maybe we're going to have to get used to bouts of mild flu until we build-up natural immunity.

[minerve 2] 08/2/2021 14:37

mm2

Perhaps we should call it the 'Elon Bubble'? He does know how to attract morons through his Twitter account mainly with respect to PayPal and Tesla: the two companies he wasn't a founder of. ;)

He has hyped up the market value of Tesla which will never match the underlying company's fundamentals IMO. He has used this hyped value in Tesla to raise 'free money' into Tesla and hence into Bitcoin. Essentially he has done it 'for free' but in reality Tesla investors will pay the price and pay it very badly. So Bitcoin and Tesla will collapse together IMO. I wouldn't be impressed if I was a shareholder. I would have sold on that news if I hadn't done already.

Once the interest rate cycle starts to turn, or should that be 'if', who knows, then the morons will question their investments in Tesla AND Bitcoin because borrowed money will start to cost again and the opportunity cost of not being in true investments - those which generate cash flow - will become more apparent.

Watch this space, Minerve will be proven right.

If anyone doesn't believe me I suggest they study the junk bond market of the 80's and early 90s.

[extrovert] 08/2/2021 13:49

Most older people have paid tax and NI all their working lives from age of 16 -65.
A big percentage of young people have paid sweet FA and do not want to work hard for their money. A lot are always looking to make easy money and think it is their divine right to have a house/holidays/all the mod cons as soon as they start work. The gov should be looking to tax those who have most money instead of turning a blind eye to all the corruption and dishonesty they use to get it. Old timers have paid in their dues, a lot today are taking out but have put nothing in.

[jmid1000] 08/2/2021 13:29

It's not as simple as protecting old people unfortunately, as if the nhs can't sustain elderly people being omitted to hospital, then every age is affected if they need assistance for anything else! Everyone suffers, not just the old

[gbh2] 08/2/2021 13:25

Look ok to me.

[scruff1] 08/2/2021 13:23

I thought LLoy still had an international banking division. Am I wrong?