Lloyds Banking Share Discussion Threads

[diku] 09/2/2021 14:36

48p is do-able this year...

[freddie01] 09/2/2021 14:35

Sedamyl to invest £80 million expanding its Yorkshire plant


Italian-owned agribusiness Sedamyl has today announced major plans to expand its Yorkshire plant which will see it double production, create additional jobs, add new product lines, and provide an increased market for wheat grown by local farmers, in line with its sustainability objectives.

The development comes a decade after the firm first acquired the redundant former Tate & Lyle site in Selby as its UK base for the production of potable alcohol, a main ingredient in the making of premium spirits and a processing aid in the food industry. As well as increasing its potable alcohol capacity, once completed over the next two years, the enlarged operation will begin the production of liquid sweeteners.

The distillery expansion is underway with completion expected by the autumn and the first deliveries of high-quality liquid sweeteners due to start in late 2022. The significant investment into the plant totals £80m and will double its current capacity – increasing its workforce to around 150 – creating an additional 75 jobs as well as supporting hundreds more among its suppliers.

As one of the UK’s leading manufacturers of starches and sweeteners, Sedamyl is integral to the food manufacturing chain; currently producing starches, alcohol, and wheat gluten to serve the beverages, food and animal nutrition industries, 95% of which feeds directly into the UK market. By adding liquid sweeteners to its portfolio, the business will be able to broaden its offer to the food industry. It also provides products for the paper and corrugating industries.

Sedamyl uses Yorkshire-grown wheat in its production, purchased from a network of over 1,000 local farmers, providing a valuable and sustained revenue stream. The expansion will further support farmers and boost the local economy in the region.

Elena Frandino, managing director at Sedamyl UK, and a member of family that has owned the business for 60 years, said: “These are difficult and challenging times for everyone because of the pandemic, so we’re incredibly proud to be able to announce such an important investment plan, which will enable us to reinforce and grow our position as a leading and sustainable supplier for our customers.

“Supporting Yorkshire farmers is also important to us and we are proud to say that our wheat is sourced from an average of 60 miles from our North Yorkshire factory, helping us to improve our sustainable practices.

“As a family-run business, we regard this as a signal of our continued commitment to Selby, Yorkshire and the UK. We see enormous opportunities to grow our business here and diversify our product offer.

“At a time when many companies are cutting their workforces because of the impact of Covid-19, it is particularly pleasing to be creating valuable and high-quality jobs in our team as well as supporting hundreds more among our suppliers in the region.”

[lefrene] 09/2/2021 14:26

Utricky, just stop buying anything from Europe. The EU is going well out of it's way to screw us over, so have nothing to do with them.

[cobourg1] 09/2/2021 14:25

Analyst on Interactive Investor today predicting 48 to 52 pence this year. Another straw in the wind. Came up on my phone when I checked the Lloyds share price.

[lefrene] 09/2/2021 14:24

Having read the links relating to Bitcoin I do have a better picture of it, but it's still currency and not actual money, ie it's not a true store of value, it's a means of exchange between those willing to accept it. I applaud the idea of having a currency beyond the machinations of governments, but I cannot see that governments will tolerate having monetary systems outside of their control. Plainly control freak governments want to move to crypto currencies to end the current system which is buried under unrepayable debt. Governments need to somehow make the current mess disappear, they hope crypto will be the lifeboat, but I doubt it will, unless corruption in high places magically disappears too.

[crazi] 09/2/2021 14:15

City A.M.
@CityAM
·
1m
The City takes fresh Brexit hit as carbon futures #trading heads for Amsterdam

Trading of European #carbon #futures will move to Amsterdam from London in the coming months, Intercontinental Exchange announced last night hxxps://buff.ly/2LwNUjE


That derivatives, clearing houses and now Carbon Futures lost... London going to suffer. They better start promoting a positive LSE and Bull run soon or the staff payoffs in the FIN sector will begin soon enough...

But Hey while Boris totally left out the Financial sector and the £Trillions now lost... He did win £100M of fish we can't sell for the 71 pages of EU paperwork...


WELL DONE BORIS, SUNAK & BAILEY - 3 STOOGES! PMSL


Luckily Lloyds is mainly Domestic...

I wonder the impact on the likes of Barclays, HSBC etc Investment Banking arms over the next 12 months...

[utrickytrees] 09/2/2021 14:15

I just board up all the British supermarkets in Europe & open more in Asia fkem the frogs & belgians are repulsive & the Dutch arent much better. .miserable sods

[diku] 09/2/2021 14:13

I'm not sure if you got below right but i know what you mean...listing on LSE is in the favour of the person selling his/her stake...in other words mugs will probably buy your stake...






FTSE is in the 1999/2000 level... no growth. Pathetic

London sucks. The wealth generated is for the Funds. Non shared around. I would never list a company on the LSE...

[crazi] 09/2/2021 14:07

Richie - thanks for the post...

Good to know Lloyds and Natwest are on BUY recommendations at current levels...

[crazi] 09/2/2021 13:50

FTSE is in the 1999/2000 level... no growth. Pathetic

London sucks. The wealth generated is for the Funds. Non shared around. I would never list a company on the LSE...

[k38] 09/2/2021 13:38

https://www.barrons.com/articles/how-bitcoin-explains-everything-51612876426

[pierre oreilly] 09/2/2021 13:37

Welsh?Bitcoin is odd. Especially the mining bit, wrf?. The best explanation is if you are a criminal you can invisibly get bitcoins, go to the high st with your phone, then get a cappuccino which no one can trace. Except from today you can use your clean bitcoins to buy a Tesla, or probably book a trip to mars.

[minerve 2] 09/2/2021 13:31

Trades not going right so far?

LOL

Nurse! (Bring the straitjacket)

:)

[minerve 2] 09/2/2021 13:25

Yabber Yabber.

[minerve 2] 09/2/2021 13:21

Bitcoin has little intrinsic value. The only intrinsic value it has is to dubious characters who want to trade dubious gains - made from dubious activities - away from eyes of the regulators and authorities. Other than that it has ZERO intrinsic value. The name 'Bitcoin' is a misnomer too because it is neither truly a currency or coin. One requirement of a useful currency would be stability and liquidity - it has neither. Also, real currencies have central banks underwriting them that promise to deliver the intrinsic value of the note/coin/digital number in a bank to the bearer of the note/coin/digital number in the bank upon presentation. Bitcoin doesn't have this underwritten promise other than the greater fool on the opposite side of the trade - who could disappear at anytime (watch Elon, he might not be around for long). Equally it is NOT an inflation hedge like gold because Bitcoin - although limited by its own crypto-generating algorithm - is not the only crypto-currency. Its value as an inflation hedge is protected only by the fickle point of view held by its users that it is the ONLY cryto-currency that is important enough to be used as an inflation hedge which such a view could easily unfold. It also hasn't been tested over an interest rate/credit cycle. Gold, on the other hand, has been tested as an inflation hedge over millennia and is limited by its creation during supernova nucleosynthesis. To make matters worse, we have warehouses full of computers using leading edge graphics cards attempting to compute the next golden 'arbitrary' Bitcoin number within this game for morons which are well on the way to sucking up more energy than consumed by Switzerland. Meanwhile, whilst allowing this stupidity to happen, the buffoons that 'lead us' think of tax schemes and fees to charge us for energy we use to live just a regular life. You couldn't make it up! And they say humans are intelligent. Give me a break!

IMO & DYOR

[xxxxxy] 09/2/2021 13:15

And perhaps not environmentally friendly. Could make enemies....Energy consumptionSee also: Consensus (computer science) § Some consensus protocolsBitcoin has been criticized for the amount of electricity consumed by mining. As of 2015, The Economist estimated that even if all miners used modern facilities, the combined electricity consumption would be 166.7 megawatts (1.46 terawatt-hours per year).[162] At the end of 2017, the global bitcoin mining activity was estimated to consume between one and four gigawatts of electricity.[232] By 2018, bitcoin was estimated by Joule[233] to use 2.55 GW, while Environmental Science & Technology[234] estimated bitcoin to consume 3.572 GW (31.29 TWh for the year). In July 2019 BBC reported bitcoin consumes about 7 gigawatts, 0.2% of the global total, or equivalent to that of Switzerland.[235]According to Politico, even the high-end estimates of bitcoin's total consumption levels amount to only about 6% of the total power consumed by the global banking sector, and even if bitcoin's consumption levels increased 100 fold from today's levels, bitcoin's consumption would still only amount to about 2% of global power consumption.[2... Wikipedia

[xxxxxy] 09/2/2021 13:11

Bitcoin mining...htTps://www.investopedia.com/tech/how-does-bitcoin-mining-work/

[xxxxxy] 09/2/2021 13:09

Not for me.Old fashioned maybe. Or just caution. No stomach for that gamble.Think. Be afraid, very afraid. Maybe just me.

[xxxxxy] 09/2/2021 13:07

BitcoinhtTps://en.m.wikipedia.org/wiki/Bitcoin

[xxxxxy] 09/2/2021 13:04

In truth, most historians of post-war Britain would judge the Labour government of 1974, at least until the intervention of the IMF, as the most hostile to free enterprise in British history. And yet the dismal truth is that the Johnson administration is starting to rival and possibly overtake it. This is fast turning into the most anti-business government of the last 50 years........ Matthew Lynn... Daily Telegraph