Lloyds Banking Share Discussion Threads

[mikemichael2] 01/3/2019 10:28

No longer blue Min, look out.

[k38] 01/3/2019 10:26

So, 64p this Friday. I guess thesame routine as the 62p level before we move to the next level of 64-68p.At this point you can trade the share without fears you may find yourself out of the game...But, once again, this is only my opinion, not trading advice to others.

[philanderer] 01/3/2019 10:25

Lloyds Bank 'complex' overdraft fees criticised by MPs

[k38] 01/3/2019 10:15

No they will not invest in you and you don't fund them either. That part belongs to Brussels.

[freddie01] 01/3/2019 10:14

Sort out your public finances, Europe tells Italy


The European Commission has reminded the Italian government that it needs to get its books in order "urgently" with the country's economic forecasts looking bleak.
The EU on Wednesday urged Italy to clean up its public finances, telling the populist government in Rome that urgent work was needed given the country's "weakening" economic prospects.

Italy watered down key measures in its big-spending budget late last year under pressure from the EU, which threatened to impose fines if Rome broke its deficit and debt-reduction commitments.

But the European Commission, the bloc's executive arm, insisted that Italy's ruling coalition of the anti-establishment Five Star Movement (M5S) and the hard-right League party need to do more to get Italy's books in order.

"Our message to Italy today is also familiar: that it must take steps to improve the quality of its public finances, increase the efficiency of its public administration and justice system, enhance its business environment, and strengthen its labour market and the financial system," Economics Affairs Commissioner Pierre Moscovici said at the launch of a report on the economies of EU member states.

"Moreover, the urgency of doing so is all the greater given Italy's weakening economic outlook."

The report listed a series of major concerns about Italy's economy including high levels of government debt, non-performing loans and unemployment. It warned that even with Italy's watered-down spending plans, the government's debt ratio is "not expected to decline in the coming years".

The Italian economy contracted in the fourth quarter of 2018 because of a slowdown in exports, plunging the eurozone's third-largest economy into recession and increasing the government's budgetary problems.

Italy's public debt is a big problem, sitting at a huge €2.3 trillion, or 131 percent of the nation's annual economic output – way above the 60 percent ceiling set by the EU.

Commission Vice President Valdis Dombrovskis said they would "remain vigilant and closely monitor developments" in Italy, voicing concern about Rome's willingness to press on with reforms.

"Broadly speaking, reform momentum has stalled and there have been some reversals of previous reforms in the context of 2019 budget, notably in pensions reforms," Dombrovskis said.

Earlier this month, Italian unions led a protest of hundreds of thousands of people in Rome to demand pro-growth policies, the biggest such demonstration in four years.

hxxps://www.thelocal.it/20190227/sort-out-your-public-finances-europe-tells-italy

[alphorn] 01/3/2019 10:09

"Losing our independents as a country it's not the right way to go for the next 50 years".

k38, you have forgotten which side of the argument you are on! No surprise. ;))

[k38] 01/3/2019 10:05

Europe is a good donkey but an old donkey..We are investing our future prosperity in (Europe) economies without future. Losing our independents as a country it's not the right way to go for the next 50 years.

[alphorn] 01/3/2019 10:05

Manufacturers’ confidence (Markit) in the outlook for their business fell to its lowest level on record last month as growth in new orders tailed off and firms ramped up stockpiling of raw materials in preparation for Brexit disruption.

............Output was supported by efforts to reduce backlogs of work and build stocks of finished products in advance of Brexit, Markit said. However, domestic orders slowed and export orders fell.

………;……̷0;……R30;...“Official data confirm that manufacturing is already in recession.....”; said Rob Dobson, director at Markit.


But don't worry k38 and his mates here say everything is hunky-dory.

[minerve 2] 01/3/2019 09:58

Thank you k38

I would ask whether you missed me but I know what the answer would be. ;)

[alphorn] 01/3/2019 09:56

"Emerging countries are likely to become important foreign investors".

The lesson according to k38.

We fund them and then they invest in the UK. Is that your proposal?

[k38] 01/3/2019 09:54

Prove it.. (welcome back..;))

[minerve 2] 01/3/2019 09:53

I'M BACK!

MINERVE 2.0

[jrphoenixw2] 01/3/2019 09:29

£1.75Bn at last nights close of 63.54p net of costs = say 2.75Bn shares.
Shares in issue 71.149Bn a/o 31/12/18.
2.75/71.15= 3.86% of issued share capital.

Issued shares 1/1/18 = 71,944m
Issued shares 31/12/18 = 71,149m

Tangible net assets/share 1/1/18 = 51.7p
-ditto- 31/12/18 = 53.0p

2017 Earnings per share 4.4p, 2018 5.5p
2017 Div/share 3.05p, 2018 3.21p
2017 Share buyback 1.40p, 2018 2.46p
2017 Share buyback value £1bn. 2018 £1.75bn

per:

ps.
Share price open 1/1/18 68.1p
Close 31/12/18 51.85p
= -24%

[xxxxxy] 01/3/2019 09:21

The endless pessimism of Remain MPs

By JOHNREDWOOD | Published: MARCH 1, 2019

I have never known so many MPs be so pessimistic and so lacking in enthusiasm for anything about our country, our people, our ambitions and our opportunities. It is as if they are in some kind of trance, trotting out EU propaganda and Project Fear scare stories as if no-one had heard them all before, and as if they were about to change Leave voters minds. We did not believe them the first time we heard them, and we still do not believe them.

It is also disappointing that Remain MPs elected to improve the living standards and lives of UK voters have so little confidence in the abilities of the UK to govern ourselves and to raise living standards by our own efforts and by good policies. Opposition MPs seem to think all good standards require an EU law to set them out, as if we cannot pass laws we are proud of for ourselves. They are desperate to give away as much of our money as possible to the EU and refuse to examine the outrageous vague overinflated and long lasting financial pledges in the draft Withdrawal Agreement.

They make endless repetitious speeches around a few tired soundbites.

They tell us leaving without a deal would be “catastrophic”. When you ask why and how, there is no solid response as it would not be a catastrophe. The best they can do is to say we will be starved of food and medicines, as if the UK was about to mount a blockade of our own imports to deny our shops and customers access to the products the rest of the world still wants to sell us. No main EU supplier has said they want to terminate their contract, and no-one has explained what blocks we will create at our ports to stop the goods coming in.

They tell us we will be leaping off a cliff if we leave without a deal. If you ask how and why again there is no factual or sensible response. They sometimes say Just in time supply chains would be disrupted. If you ask how and why there is no sensible response because they will not be disrupted. They seem to think EU trade is friction free, which it is not, and that non EU trade is impossible. In practice there are mixed supply chains for manufacturing in the UK, with materials and components coming in from EU and non EU. If they are all under rest of the world terms after Brexit it will work fine. They seem ignorant of Intrastat declarations, of food and animal inspections and the other features of current EU trade. They ignore the old fashioned and worrying paper and wet stamp system written into the Withdrawal Agreement which would slow things down badly and is worse than the WTO system we use for non EU trade today.

They tell us there is a genuine Irish/Northern Irish border issue. They seem unaware of the fact that it is today a complex international border. It requires changes of VAT, Excise, and currency. It has collaborative systems both sides of the border to combat terrorism and smuggling. If there have to be customs paid they will paid electronically away from the border as VAT is today. If there need to be other checks on goods they too can be done away from the border. Most will be done as today at factories and farms before shipping product, with electronic manifests providing the necessary detail, and or at arrival at the warehouse or store taking delivery.

[xxxxxy] 01/3/2019 09:20

Hapus Dydd Gŵyl Dewi

[cheshire pete] 01/3/2019 08:24

Polar Fox: Am I right in thinking the buy back this time is of a bigger scale than last time and therefore, Brexit influence aside, likely to have a greater effect on the sp?

[cheshire pete] 01/3/2019 08:21

Can recall 'experts' saying NS oil would run out by the mid 90's BB. Bit like economists from insti or office for this or that, BofE Governor etc. whose predictions have often been shown to be wrong.

[shy tott] 01/3/2019 08:11

Bb, why do you keep posting this 50 year old report? Have you read it? Did you read the bit saying any conclusion on North Sea oil would depend massively on the assumptions made? Did you read the bit saying ownership of ns oil is a complex international issue which would keep international lawyers occupied for many years?

[bargainbob] 01/3/2019 07:42

Polar Fox filtered , how dare you post a Lloyds related post , Must be st Davids Day lol.

[bargainbob] 01/3/2019 07:40

Everyone take a minute to read .

[skinny] 01/3/2019 07:26

And so it begins :- .

[polar fox] 01/3/2019 07:09

Buyback RNS

It gets underway today, using both UBS again and Morgan Stanley. I don't intend to make any daily comment unless something really exceptional occurs - after all, daily purchases of 50m shares or so were routine by last August. I may keep a running total and report progress, depending on how it goes.

[brexitplus] 01/3/2019 07:09

Shy Tott

Re minerve/beetlejuice/Porky hopefully we have see the last of him on the Melrose board, but I doubt it. We still have his chum Meanwhile.

[polar fox] 01/3/2019 06:47

I genuinely hope we've seen the back of Minerve.

I've had him on filter for probably 3-4 years, but remained disturbed by the way he continually and repeatedly upset many other posters and the impact that in turn had on the overall 'tone' of this thread.