Lloyds Banking Share Discussion Threads

[ekuuleus] 17/12/2018 13:11

core 1 is already well bolstered and at the upper end. At these prices, with the end of ppi as well I can see a 2 year forward PE of 10%.

Brexit is a side show. Lots of people panicking, but juts like the year 2000 issue, it's all hot air.

Business don't care, they juts want to make money. Its the elephant in the room.

[guss] 17/12/2018 12:52

Trying to reman neutral and to avoid the usual Brexit war at a Christmas party, I was briefly involved in a conversation with a couple of friends. The first said he voted leave because he believed the big red bus lies about surplus money going to the NHS. He then told me that a firm he supplied had just declared bankruptcy, rightly or wrongly blaming Brexit, but it left my friend £25k out of pocket with no chance of recouping the money.

The other friend said he voted leave because the bloody EU had “forced” the company he worked for to impose safety standards and to pay a minimum wage to all employees therefore reducing his personal wage. I tried to tell him that “We” are the “EU” and many of the “EU” laws are proposed by the UK and at the very least the UK could have used the veto if they disagreed with the law.

I’m afraid their eyes sort of glazed over and I could see where this was going so I said Merry Christmas and moved on. They didn’t buy me a pint after either, so, on to the next Christmas party.

[cannyshoveyergrannyoffthebus] 17/12/2018 12:47

duck and Cover

[ladeside] 17/12/2018 12:37

Resign and go into hiding, it seems to have worked for him............

[minerve] 17/12/2018 12:34

Oh dear:

"Brexit: David Cameron 'advising Theresa May on options' if deal rejected"

[minerve] 17/12/2018 12:32

He sees it as a banana. Thought so.

[mikemichael2] 17/12/2018 12:29

Minerve17 Dec '18 - 11:43 - 240239 of 240240

Very good comment on the FT that is worth posting here. I suspect the chimps will only recognise it as a banana but those who believe they have wisdom and are well-educated should read it

___________________________

But we are all chimps and morons according to you, so pointless post .

[cm44] 17/12/2018 12:21

Cheshire Pete,'re 237
FILTERED him yonks ago.
Good morning Min,trust ALL THREE of you are well,
would have been more appropriate! Lol

[montyhedge] 17/12/2018 12:18

No brexit I reckon they will cut their dividend, on the uncertainty and balance sheet will have to be bolstered to get their Core Tier 1 level up. Just my view.

[minerve] 17/12/2018 11:43

Very good comment on the FT that is worth posting here. I suspect the chimps will only recognise it as a banana but those who believe they have wisdom and are well-educated should read it.

ElFred

Once more with feeling...


The fact remains that the initial referendum was based on a false premise- that the UK could unilaterally vote to break the GFA by leaving the EU on its own terms.

All the Brexit scenarios must keep the UK in the GFA. Parliament will have to uphold the GFA treaty as a legal entity whatever it eventually choses to do.

The very real consequences of breaking that treaty would be a very high price for a nation seeking to newly assert itself independently in the world, and immediately put the UK on the status of unreliable partner at best, and pariah state at worst.

Money, capital and investment flee legal and fiscal anarchy- I've seen it first hand here in Catalunya where in the first week of the declaration of independence by the Catalan government, €30 000 million in cash walked out the door, along with up to now, 4000+ companies changing their legal headquarters to outside the autonomous region. All the banks left immediately. This status quo remains to this day, and Catalunya is still part of the EU, but the risk hasn't gone away, and the money and businesses haven't returned.

Imagine a No Deal Brexit bearing this in mind. Multiply this formula and apply it to the UK No Deal, and you have an economic armageddon that could melt down the world economy. If you think this is Project Fear, look at the real world recent example above, and tell me the numbers don't speak for themselves, and the circumstances aren't at least similar.

As the legal options run out as the clock runs down, Parliament will have their options reduced to one of two- probably a new referendum coupled with a request to suspend Article 50, or unilaterally rescinding Article 50. This is the reality of Brexit.

This is what "Brexit means Brexit" means.

Like it (which nobody does) or loathe it (which everybody does) this is the choice Britain made in 2016.

The following few months will be pure theatre, or good governance. We shall see.

HMG's strategy (and I use the term loosely) remains to play a game of chicken with the EU, for a yet to be disclosed, nebulous goal. The EU have had enough, and have stopped playing the game, offering the best treaty the UK could ever hope to expect, honouring the GFA (which they as a legal entity cannot break)- take it or leave it- Remain or leave, still the same choice but with clarified precision from the EU side.

If Parliament had done its homework initially, the referendum would never have been offered in the first place, but now it is too late.

It is solely up to Parliament now to decide the UK's fate, and correct the previous error by fixing it, or destroying the UK itself.

No way to run a country.

[minerve] 17/12/2018 11:28

Couldn't be better! LOL

[cheshire pete] 17/12/2018 11:25

Good morning Minerve, I trust that you are well.

[poikka] 17/12/2018 11:07

Minerve - "We'll put you on the bow and you can be the first one to sink a harpoon in your mouth. That would teach you a lesson you would never forget. LOL"

Eh, what.

I think that part of the reason that Hull, Grimsby etc declined was a result of Iceland declining the presence of our trawlers. Plus, of course, declining fish stocks.

I recall passing Dogger Bank in 1961 and being amazed by the mass of lights from fishing boats stretching across the horizon. In more recent years, the number of fishing boats was surpassed by oil rig supply vessels. Most folk have just no idea of just how much fish stocks have declined, and compare present day stocks to those of say 20 years ago - nowhere near a comparison.

Regarding French, for example, behaviour in 'our' waters, in the early 80's I was on my way down the Bristol Channel and overheard a Cornish fishing boat calling the Coastguard on VHF to complain about a French fishing boat harassing them and trying to cut their nets - and there they were on my starboard bow. There was a large French trawler harassing a very small (2 man) Cornish fishing boat.

[jpjohn1] 17/12/2018 11:01

Don't panic chaps, until all the Brexit is all sorted out and done with, this will be in the doldrums. Could go a bit lower, but a bet this time next year you will all say what was all the fuss about. Just sit back, take our great dividend. This will bounce back that's for certain. I think about every one of us here, if we sold now would be loosing. I have 46,000 pound invest in shares here and I'm happy just to sit back and wait for better times

[montyhedge] 17/12/2018 10:56

Pug
Yes the brown stuff to hit the Lloyds fan it seems.

[mr.elbee] 17/12/2018 10:46

BBC propaganda as usual...Lloyds is a tory party bank..that's why the socialist traitorous beeb have always had it in for LLoyds.

[minerve] 17/12/2018 10:44

"Send the navy in once we're out of EU to keep those pesky EU boats out of our waters."

We'll put you on the bow and you can be the first one to sink a harpoon in your mouth. That would teach you a lesson you would never forget. LOL

[bbalanjones] 17/12/2018 10:39

Life in the old Bulldog yet!!

Bloodhound supersonic car project saved

[cheshire pete] 17/12/2018 10:17

Owen Paterson top man. If you cut his leg off it would say Brexit. Send the navy in once we're out of EU to keep those pesky EU boats out of our waters.

[stonedyou] 17/12/2018 10:08

Fish, fish, fish, fish, fish, fish, fish, fish,


Brexiteer MP launches fresh bid to PROTECT British fishing waters after Brexit

A FORMER environment secretary wants to change the law to block the Government from negotiating away access to British fishing waters as part of an EU trade deal.


Brexiteer Owen Paterson plans to put down an amendment to the Fisheries Bill which

is back before the Commons this week. His proposal comes amid growing concerns

that Britain will hand back control of its waters in exchange for a slightly

better free trade deal. If passed it would be a slap in the face for French

President Emmanuel Macron, who announced that he would insist on French vessels

having access to British waters as part of an agreement.


Sixty per cent of fish caught in British waters, particularly around Scotland, is landed in EU ports.

Many fishermen are still angry with the way former prime minister Ted Heath signed away British waters as part of the price of joining the European Economic Community.


The move was blamed for the destruction of fishing communities, with severe reductions in the fleets in places such as Grimsby, Lowestoft and Falmouth.

[stonedyou] 17/12/2018 09:36

Chris Patten sounds like minerve . . . . . . . . .or is it the other way round!!

[grahamite2] 17/12/2018 08:59

FT link doesn't even give the first para of the article. But by the sound of it, it's not telling us anything we don't know.