Lloyds Banking Share Discussion Threads

[janekane] 21/2/2019 07:12

Anna soubry needs to think about the next general election and the votes gained at the last one for a concervative mp
The people of broxstowe Nottingham voted 29672 to remain under the jackboot
35754 voted to get fron under the jackboot
That's a majority of 6082 to leave

[janekane] 21/2/2019 06:57

Got no Rolex
The Dutch flower producers should pressure their government to push for no backstop
Thus avoiding no deal

[janekane] 21/2/2019 06:54

The euro jackboot will not be moved on the backstop we will be locked in to this forever
never allowed to go the way the majority voted
Leaving without a deal is not the end but the beginning of a life free of the euro
Jackboot

[minerve] 20/2/2019 23:09

Fitch may cut UK credit rating on no-deal Brexit risk

Brexit - the gift that just keeps on giving. LOL

[minerve] 20/2/2019 23:05

Anna Soubry talks more sense than all the idiots on this thread. Good for her.

[gotnorolex] 20/2/2019 21:54

New Covent Garden flower, fruit & veg importers bechesed by Dutch farmers to continue taking their produce after Brexit and abandon contingency plans to buy from new startups in South Africa!

[xxxxxy] 20/2/2019 21:45

'They should remember it is not the politicians but the people who have made this country work. The people have brought this country to its triumphs, to being the fifth richest world economy, by believing in their ideas, their enterprises, their hunches, seeing through their plans, from the laboratories of their minds to the order books of the world. Unlike their rulers, they believe in themselves. But more important, they believe in their country.'


Well said and written.


Nos da. Cymru am byth

[xxxxxy] 20/2/2019 21:43

Horseless carriages and changing industry.

libertarian
Posted February 20, 2019 at 7:29 pm | Permalink
Merlin

Its only one bad news story after another if you only choose to look for bad news

Tell me about employment, tell me about the 20 plus new factories and expanded facilities in the UK in 2019 already

Tell me about contracts and investment won

Go on stop trying to find “news” that supports your view and actually look at whats happening in the real world

Reply
Richard
Posted February 20, 2019 at 12:44 pm | Permalink
The green obsession is killing EU manufacturing competitiveness:
“The third release of the EU Commission’s periodic study of global electricity and gas prices for the first time compares the EU 28 with the whole of the G20 for the period 2008 to 2016. EU 28 household electricity prices are now more than double those in the G20, while industrial electricity prices are now nearly 50% higher.” hxxps://www.thegwpf.com/eu-commission-study-reveals-international-competitive-disadvantage-of-climate-policies/

[xxxxxy] 20/2/2019 21:32

The UK is on course to leave the European Union in one of two ways.

Either there will be ‘no deal’, the default option for Brexit day: but far from ‘crashing out’, the UK can trade smoothly in the interim under international law and WTO terms, and be free for the future to strike Free Trade Agreements globally and with the EU, follow its economic star, chart new paths across the world and weather the squalls on the way. Alternatively, the UK will leave under Mrs May’s deal by being locked into an EU customs union (in all but name), with Britain’s economy bound to EU laws, tariffs and regulations. For even if Brussels agrees to an end date for the backstop, the UK will be obliged to mirror its terms for a permanent deal. Make no mistake: a customs union, whatever the name, has been the EU goal from the start. It is the thickest and reddest of EU lines, because on it the Franco-German axis, its founding aims and its future depends. Their joint project, conceived and led by the French to contain German industrial and economic power, gave France security, Germany respectability, and brought economic gain to each. Today this big, interventionist, all-embracing state run from Brussels on French dirigiste lines is poised to subvert Britain’s economy. It will do so through the fair means or foul, deployed ruthlessly in pursuing its own interests. Over the years, France and Germany moved on from coal and steel to back the winners that now dominate at home and abroad. Carving out a centralised economy, one walled in by tariffs, regulations and EU law, oiled by public support (up front or behind the scenes), the industries that lead the EU’s most powerful sectors, singly or conjoined, emerged. Promoted by chief executives whose minions often bribed their way into global order books, their fight to command markets in the EU and UK has been unceasing, their drive to eliminate competitors through fair means or foul, relentless – Airbus, Siemens, Alstom, Mercedes-Benz, Volkswagen. Airbus, the aviation giant, sums up the Franco-German ‘project’. Its two dominant shareholders, the French and German states, directly or indirectly each own around 11 per cent of the shares; the remaining proportions are non-state, except for the Spanish government which owns 4 per cent. Airbus is headquartered in Toulouse, run by a German CEO (the next will be French), with main EU production centres in Germany, France and Spain (the others are in China and the US). Known via the UK airwaves through its campaign of scaremongering and threats against Brexit, its international reputation has been mired by bribery investigations in the US, France and the UK – the ‘bribes for business’ allegations follow an earlier finding (in 2010-11) that it breached government subsidy rules. Airbus was the result of a Franco-German marriage between France’s Aerospatiale and Germany’s Daimler Benz in the 1970s, a union that may now be replicated by one for their respective locomotive flagships, France’s Alstom and Germany’s Siemens: their proposed merger, though blocked by the competition Commissioner earlier this month, looks set to return, despite the warning that it could lead to ‘higher prices, less choice and innovation’. Paris and Berlin, through their economy ministers Bruno Le Maire and Peter Altmaier, quick to respond, contended the rules should be changed. Given the nature of the EU project, they probably will be. For such industries and their governments, Brexit is an anathema, threatening their profits, their captive UK market and their use of relatively cheap but skilled British labour – all of which can give them the edge over foreign and potential UK rivals in the battle for UK market share for aircraft, trains and cars. They will keep up the fight to protect such interests in the way they know best, by taxing, regulating and controlling their competitors, by fashioning (or breaking) the rules to their own benefit. This way of doing business does not suit Britain. This island race, as Churchill put it, made its own way in the world, through a political system that protects freedom and a free economy based on market competition and entrepreneurship, both protected by the common law. The sense that people can pursue an idea or a hunch, can ‘give it a go’ and make it work, breaking into new markets at home and the world over, remains strong. The sense that they can rise to the heights is secured by the knowledge that they are free to excel, and that freedom is guaranteed by the law – one independent of politics, respected and which operates from Singapore to New York. MPs now agree that Britain cannot sign up to an indefinite customs union under the backstop with no exit clause. But they should beware that the same plan will return as the backstop would be replaced by more of the same to kick in at a later date. It therefore falls to a Conservative Prime Minister to recognise the truths for which her party has stood surety, and reject the backdoor customs union, now or in the future. Britain’s voters, invariably wiser than their rulers, saw that the EU’s corrupting system not only thwarted democratic freedoms, but held them, their aspirations and their country’s economy back. MPs and ministers should now give way to their electorate and do their duty by the country to honour the promise made under Britain’s unique democratic system, to leave – ‘just leave’ – and go for WTO trade, and not a deal that would give far less freedom than current membership. They should remember it is not the politicians but the people who have made this country work. The people have brought this country to its triumphs, to being the fifth richest world economy, by believing in their ideas, their enterprises, their hunches, seeing through their plans, from the laboratories of their minds to the order books of the world. Unlike their rulers, they believe in themselves. But more important, they believe in their country.

[minerve] 20/2/2019 20:52

Rock Lobster

Motion in the ocean
His air hose broke
Lots of trouble
Lots of bubble
He was in a jam
He's in a giant clam

[twdlw] 20/2/2019 20:18

(2879)Thanks for that jpjohn1 - very interesting.

[1carus] 20/2/2019 20:11

Apparently not left wing enough!

[k38] 20/2/2019 18:43

Today's actions from the stupid politicians will only make the bureaucrats of Brussels more aggressive on their demands and blackmail UK on a democratic vote on Brexit .Latest..Derek Hatton has been suspended from Labour party

[jpjohn1] 20/2/2019 18:42

Taking a step back from posting chaps, hopefully this will keep heading northwards for us

[xxxxxy] 20/2/2019 18:11

Withdrawal Agreement. Made in Madness. Made for Hell.

And define 'temporary'

[tradejunkie2] 20/2/2019 18:06

Spanish are lazy all they do is Siesta

[ayl30] 20/2/2019 18:05

Everyone is bored with it and the preening politicos

[thomstar] 20/2/2019 18:04

Who wants to go Spain anyway it's full of thieving little c#n#$

[smurfy2001] 20/2/2019 18:02

Is it me or has the news quietened down about Brexit?

I mean when the markets were in turmoil it was all the rage.

[jpjohn1] 20/2/2019 17:44

Not always keen on the fool, but they are positive on Lloyds In this piece, I'll give my verdict on today's 2018 results and explain whether I'd buy the bank's stock.A solid performanceThe bank's after-tax profits rose by 24% to £4.4bn last year, while revenue rose by 2% to £17.8bn.Lending growth slowed and both mortgage and credit card lending was broadly unchanged last year. However, lending to small- and medium-sized businesses grew, as did motor finance. The group also reported a sharp increase in loans to wealthy customers.Much more profitableWhen profits rise faster than revenue, it normally means a company's profit margins have improved. That's what's happened here. Lloyds' net interest margin - a measure of lending profit - rose from 2.86% to 2.93%.Alongside this, tight control of costs saw the bank's costs, measured as a percentage of revenue, fall from 51.8% to 49.3%.The end result was that the bank delivered a return on tangible equity of 11.7%, up from 8.9% in 2017. This is a key measure of profitability for banks - and Lloyds' performance is much better than key rivals.Rival bosses will be green with envyI apologise for these rather dry figures - but for banking investors they're pretty impressive. Certainly the bosses of rivals such as Barclays and RBS may feel slightly envious today. Both men are still struggling with costs that account for more than 60% of their banks' income, and returns on tangible equity of less than 5%.Barclays and RBS may offer an interesting opportunity for value investors, but for income investors, today's figures confirm my view that Lloyds is probably still the safest buy in British banking.Focus on shareholder returnsSome shareholders may be disappointed that despite the bank's earnings per share rising by 27% 2018, the dividend has only been lifted by 5%.Instead of returning more cash to shareholders directly, the bank has decided to return cash through a £1.75bn share buyback. This equates to an extra 2.46p per share. Combined with the 3.21p dividend, it will take total shareholder returns for 2018 to 5.66p, or around 9.4%.That's not to be sniffed at. But the problem with buybacks is that unless you sell your shares, you don't see any extra cash in your pocket. So why is Lloyds' chief António Horta-Osório buying back shares instead of hiking the dividend?I suspect the answer has two parts. Firstly, the current dividend provides a yield of almost 5.4%, which is probably high enough to attract income investors. The second reason is that by returning surplus cash through buybacks, Horta-Osório is laying the groundwork for an uncertain future.If Lloyds has fewer shares in circulation, then it will be easier for the bank to generate earnings per share growth and to increase its dividend, even if profit growth slows.

[jpjohn1] 20/2/2019 17:44

Not always keen on the fool, but they are positive on Lloyds In this piece, I'll give my verdict on today's 2018 results and explain whether I'd buy the bank's stock.A solid performanceThe bank's after-tax profits rose by 24% to £4.4bn last year, while revenue rose by 2% to £17.8bn.Lending growth slowed and both mortgage and credit card lending was broadly unchanged last year. However, lending to small- and medium-sized businesses grew, as did motor finance. The group also reported a sharp increase in loans to wealthy customers.Much more profitableWhen profits rise faster than revenue, it normally means a company's profit margins have improved. That's what's happened here. Lloyds' net interest margin - a measure of lending profit - rose from 2.86% to 2.93%.Alongside this, tight control of costs saw the bank's costs, measured as a percentage of revenue, fall from 51.8% to 49.3%.The end result was that the bank delivered a return on tangible equity of 11.7%, up from 8.9% in 2017. This is a key measure of profitability for banks - and Lloyds' performance is much better than key rivals.Rival bosses will be green with envyI apologise for these rather dry figures - but for banking investors they're pretty impressive. Certainly the bosses of rivals such as Barclays and RBS may feel slightly envious today. Both men are still struggling with costs that account for more than 60% of their banks' income, and returns on tangible equity of less than 5%.Barclays and RBS may offer an interesting opportunity for value investors, but for income investors, today's figures confirm my view that Lloyds is probably still the safest buy in British banking.Focus on shareholder returnsSome shareholders may be disappointed that despite the bank's earnings per share rising by 27% 2018, the dividend has only been lifted by 5%.Instead of returning more cash to shareholders directly, the bank has decided to return cash through a £1.75bn share buyback. This equates to an extra 2.46p per share. Combined with the 3.21p dividend, it will take total shareholder returns for 2018 to 5.66p, or around 9.4%.That's not to be sniffed at. But the problem with buybacks is that unless you sell your shares, you don't see any extra cash in your pocket. So why is Lloyds' chief António Horta-Osório buying back shares instead of hiking the dividend?I suspect the answer has two parts. Firstly, the current dividend provides a yield of almost 5.4%, which is probably high enough to attract income investors. The second reason is that by returning surplus cash through buybacks, Horta-Osório is laying the groundwork for an uncertain future.If Lloyds has fewer shares in circulation, then it will be easier for the bank to generate earnings per share growth and to increase its dividend, even if profit growth slows.

[jpjohn1] 20/2/2019 17:06

No it was quite good news, not has good profits has expected but still good. We dropped a bit from our highs at about 3 pm. Going down .69p. If you are holding these shares it goes x- div on the 4th April . 2.14p paid on the 21st May. Good day for us. :)