Lloyds Banking Share Discussion Threads

[minerve] 22/2/2019 16:57

Steady on bargain. Let us not get carried away! LOL

[xxxxxy] 22/2/2019 16:56

A sterling future

The public finances are in good shape. Employment is at record levels. The economy is growing at a perfectly reasonable rate, and the country is politically stable, with a moderate centre-Right government secure in power and with virtually no threat from populist insurgencies. It sounds like a remarkably attractive safe haven – the perfect place to park some cash in a turbulent world.

Where is it? It is, of course, the UK in five weeks’ time.

Daily Telegraph

[bargainbob] 22/2/2019 16:55

Small beer, not even close to the net worth of Minerve .

[stonedyou] 22/2/2019 16:39

Well I never.....No Deal no cry!!!!





Starling Bank promises 400 new UK jobs with £100m grant



Challenger bank Starling is promising 398 new jobs in the UK thanks to the £100

million grant from the Capability and Innovation Fund (CIF).



As reported today (22 February), the RBS Banking Competition Remedies (BCR)

announced the winners of the awards of Pool A CIF, part of the Incentivised

Switching Scheme (ISS).

The grant comes from a £775 million fund created as a condition on RBS for

accepting £45 billion bailout during the financial crisis.

It wasn’t just about Starling. The grants, which have a combined value of £280

million, also saw £120 million to Metro Bank and £60 million to ClearBank.

Along with the new jobs, the bank will invest £94.8 million of its own money as it

hunts out action in the lively SME market.

Anne Boden, Starling’s founder and chief executive, says the award “will

accelerate our ability to reshape the SME banking market”.

Starling says it will make £913 million of balance sheet lending available to SME

customers by the end of 2023. It expects to achieve a 6.7% market share within

five years.

Since launching its mobile banking app in May 2017, the bank explains that it has

opened 500,000 current accounts. This includes more than 30,000 SME business

accounts signed up in less than a year. It will launch a web portal for SME

banking customers later this year.

Life is good for the London-based bank at present. Just last week, it raised £75

million in funding for its expansion plans in Europe.

Life is also busy. There are many other challenger banks in the UK. Check out the

contenders here.

[polar fox] 22/2/2019 16:27

For me, one of the big problems is 71bn in issue. In that sense, LLOY is a bit like a small oiler on AIM, with, say, billions in issue. Unless they find a huge new oilfield, the upside for the share price is limited to spikes from time to time.

[cm44] 22/2/2019 16:11

Polar,
Appreciate your input,been with Lloyds for over 30 years so believe I have a 'feeling' for the company. Difficult to judge the future based on their current thinking.
Thousands of disenchanted long term holders.Hope Justice Norris finds against them in the Lloydscase when he decides to awake from his judicial slumbers.

[polar fox] 22/2/2019 16:03

cm,

I said on Weds. that the rise looked like a third wave. It topped first thing yesterday at exactly 62.00, the resistance level, where traders take profit.

Now I think we're in the fourth wave correction. If it holds above about 59.60 - yesterday it hit 59.71 - there should be a fifth wave back up. No guarantee, of course. Watch that 59.60 level.

[minerve] 22/2/2019 15:33

Perhaps if they worked for a full year they would get better pay!

[m4rtinu] 22/2/2019 15:26

Ladeside - some "good" examples of working but potentially in poverty.

[tygarreg] 22/2/2019 15:26

Which is fine. They deserve decent pay but dont go on QT in Chester and say as a teacher you are in poverty!

[tygarreg] 22/2/2019 15:24

Yes averages can be deceptive. Rural wages for majority are much lower than public sector like consultants, doctors, nurses police, teachers, council etc. Probably around here the only way to earn £40K is in public sector or run your own business or join one of the few nationals like BT. Also these are the only ones to get a proper pension

[m4rtinu] 22/2/2019 15:24

Ace - I agree there are many working people that don't get paid as much as teachers. It still remains that a newly-qualified teacher (NQT) on £23.7k is going to struggle to have much left after essential bills. The only saving grace is that NQTs don't have much time to spend the little (if any) surplus cash they have each month.

Those in other jobs, earning even less but nonetheless working hard, should be paid a decent wage too! Its why I am a socialist.

Obviously, there are a good few people (particularly in financial services) who get paid way too much. IMO wages should be based more on your worth to society, not so much on market forces.

Again, I realise I am fighting a losing battle on here, but its just my point of view. Have a nice weekend. MU

[ladeside] 22/2/2019 15:16

graham, Yes, you could be correct.

As an example someone working in a Bank / Insurance firm who is outwith a Management role (which is the majority) will be typically earning between £16,0000 & £21,000.00.

In the Retail & Hospitality industry this figure is reduced further to the £13,000 to £16,000 bracket.

The above are figures for a standard basic working week (35 - 37 hours), however with overtime payments these figures will obviously increase where this is available.

[1carus] 22/2/2019 15:08

If May comes back with something that gets through the house, do we expect a a fillip in the market, or it will it be up and down on every announcement that follows for the next two years as the details are thrashed out?

[grahamite2] 22/2/2019 14:55

£30k is presumably the mean wage which includes all sorts of distorting, extreme figures. The median and modal wage outside London will be far, far lower - I actually find LADESIDE'S £20-21k seems a bit high. A lot of people working long hours at backbreaking manual labour get nearer £15k.

[ladeside] 22/2/2019 14:40

I actually agree with both of you Ace & M4rtinu.

Similar to Wales, the real average wage in Scotland is around £20 - £21k but many are still well under this amount, however if the reported "average" wage that the Gov keep heralding is to be believed, at around £30,000.00, then a salary of £24,000 is more than 20% under this average, which for such an important occupation as a school teacher is nothing short of disgraceful in my book.

[m4rtinu] 22/2/2019 14:05

Shy T - I guess the free food and accommodation is worth quite a bit these days. That would help a lot. But good luck to her.

[grahamite2] 22/2/2019 14:00

MBNA is a broadly positive brand name - anyway it's no Rattners. It would make no sense to retire it.

[skinny] 22/2/2019 13:59

Interesting article :-

"But what is crucial is the price the company pays when it buys back its own shares (which it does on the market just like anyone else who wants to acquire stock). If the share price is depressed, the money that the company has set aside for share repurchases simply buys more shares, increasing the effect of concentrating the profits on a smaller number of shares in issue.

If the share price is high, the pot of money allocated to the buyback programme buys fewer shares and the effect is more muted."

Tell that to the directors of SLA.

[ladeside] 22/2/2019 13:59

Your credit score will more than likely increase if your limits are reduced.

Risk is based upon the credit which you have available as opposed to the credit which you have used to put you in negative territory.

[philanderer] 22/2/2019 13:51

Telegraph:

Questor: why shareholders should cheer when Lloyds’ share price refuses to rise