Lloyds Banking Share Discussion Threads

[ladeside] 10/6/2019 14:10

Good post ST and I look for no favours.

I can't stand this disgusting selfish argument that the strong prosper and the weak perish which is rather prevalent on this board. Hence "fascists".

[alphorn] 10/6/2019 14:02

ST - an uptick for #966.

[shy tott] 10/6/2019 14:00

Lade, you're newly found propensity to label people 'fascist' really does you no favours. Anyway, what is 'fascist' about whether people think rinsing chickens in chlorine is a good or bad idea?

[shy tott] 10/6/2019 13:53

bbalan, don't worry, most people have major problems interpreting data. Just because more americans die from chicken poisoning than us (or whatever you're saying) doesn't mean they die because they use chlorine and we don't.

[shy tott] 10/6/2019 13:49

I think Boris has ruined his chances with his tax lowering views for the better off. I'm not sure that is the demographic on which to concentrate. Increasing the personal allowance and lowering the basic rate would benefit everyone, including the better paid, but more significantly the young who, I'm ashamed to say, the older population is ripping off in so many ways. The older vote seems to be for the old only, and stuff the poor kids who foot the bill (e.g state pension increases, with their triple lock).


If we don't change, the young and old will become more polarised and - quite understandably - the youth will continue to resent the older population for taking too much out of the pot.

Increasing the personal allowance would also make it more attractive to work rather than bum around on benefits.

[ladeside] 10/6/2019 13:23

They're not interested in facts when they don't suit their fascist agenda........

[bbalanjones] 10/6/2019 13:17

o07 please consult the experts re your claim of caveat emptor re chlorinated chicken. Most folk in the USA HAVE NO CHOICE. This is the result . . . . :-



Then compare with similar death rates in the EU. It does not bear any comparison. VIVA THE EU FOOD STANDARDS. Protection . . . FOR NOW.

CDC estimates that each year roughly 1 in 6 Americans (or 48 million people) gets sick, 128,000 are hospitalized, and 3,000 die of foodborne diseases.

[grahamite2] 10/6/2019 13:14

Minerve 2 10 Jun '19 - 12:22 - 260950 of 260962
0 1 0
At least we will have chlorine washed chicken at the soup kitchens.

Change the record!

When these leftists get themselves a slogan they work it to death.

[338] 10/6/2019 12:50

looks very bullish

[jordaggy] 10/6/2019 12:50

Credit to Bernie:


bernie3710 Jun '19 - 11:52 - 130913 of 130913
0 0 0
APR 2019
Barclays vs Lloyds

Barclays and Lloyds are the key banks in the UK sector and despite some similarities there is also glaring differences. I often get asked by clients,
which is the better of the two? One is the “boring” but steady and the other is “exciting̶1;,but can also be unstable. In this report I have looked at the pair and drawn up some key comparisons. Both have caused investors huge frustrations over recent years but both for very different reasons.
Barclays Plc (BARC) Yield 4.32%
Identity Crisis
There’s no doubting that Barclays has some great businesses when you scratch the surface.
It is of course one of the UK’s big four banks with over 23 million customers. It’s also the UK’s leading issuer of credit cards, the leading stockbroker, a leading wealth manager and has a leading investment bank.
It is fair to say that Barclays is not the global bank it once was. With the exception of the US, it has largely retreated from foreign markets. Only a few years ago it had major operations in Europe and Africa in particular, but these have been sold off.
What we have left is a UK-US focused bank. Expansion is no longer the name of the game. Today it’s all about profits and dividends.
Prized Asset
One thing that sets Barclays apart from the UK’s other big four banks is its large and sometimes successful investment bank.
Investment banking is seen as the riskier but more lucrative cousin of retail banking. Instead of mortgages and current accounts, it involves things like advice on takeovers, raising debt and equity for large corporations and trading of bonds and shares.
Barclays is the only British bank to make serious headway in investment banking, boosted by its opportunistic buy of Lehman Brothers core business during the financial crisis. This gave Barclays a leg up to compete with Wall Street’s titans such as Goldman Sachs and Morgan Stanley.
Becoming a major player has not come easy or cheap, so it’s understandable why Barclays is reluctant to part with one of its best assets, even if it is unfashionable. While investment banking adds extra volatility to earnings it can also generate mega-money in good times – on a scale that retail banking can never do. While investment banking adds extra volatility to earnings it can also generate mega-money in good times, on a scale that retail banking can never do. And those worried about another financial crisis should note that Barclays has been the first of the major British banks to successfully ring-fence its UK retail operations.
The Revolving Door
Shareholders like stable leadership and a clear strategy, which is fair enough, but in the last decade, Barclays has provided neither.
Barclays vs Lloyds 01
www.atlanticmarkets.co.uk

Since 2011, Barclays has had four different CEOs.
The principal reason for the high turnover of CEOs has been a continuous series of scandals. As we know, whenever there is a big scandal, the media and politicians call for someone’s head, and in Barclay’s case, that’s been the CEO. Even the current CEO, Jes Staley, has been lucky to survive several scandals. As you’d expect, every CEO has had his own vision for Barclays and has set about making it happen, only to be replaced before he gets the job done. The new guy has then come in and taken the bank in a different direction.
While there are no guarantees the present CEO will be around for the long-term, the hope is that the Board of Directors understands that the share price has been hampered by the lack of continuity, so will endeavour to create more stable leadership.
Even if it has yet to be rewarded, the new strategy for Barclays seems a lot less complicated. A focus on transatlantic operations will be much easier to understand and manage.
We’ve noted that Barclays is now taking a leaf out of Lloyd’s book and continuously using the words simple and straightforward. I don’t think Barclays will ever be a simple as Lloyds, but nor should it try to be. It’s got a better spread of assets and products. You can’t be simple and diversified at the same time.
Lloyds Bank (LLOY) Yield 6.19%
Lloyds is back to doing what it does best – current accounts, mortgages, personal and business loans, life insurance...sound dull? Thank goodness.
Fund managers in the City used to mockingly call Lloyds “the world’s most boring bank”, who knew that would become a compliment. It’s taken many years for Lloyds to recover from the financial crisis, not only financially, but also on a reputational level.
As we know, Lloyds made a near fatal error when it bought HBOS in the thick of the fog back in 2008. In the four years that followed, the HBOS side of the business would incur a mammoth £45 billion of loan impairments in addition to £10 billion from the Lloyds side.
It was enough to bring any financial institution to its knees and Lloyds was forced into a £20 billion government bailout.
The UKs First ‘SuperbankR17;
Bailout aside, the purchase of HBOS propelled Lloyds to become the UK’s first ‘super bank’.
Bear in mind, if the acquisition had taken place in ordinary times, such a major move would have faced tremendous opposition and likely to have been blocked altogether by competition regulators. Together, the two banks had relationships with four out of ten consumers.
The timing of the deal was terrible, but the cost savings have been tremendous. The initial aim was to achieve a target of £1 billion of annual cost savings, but it wasn’t long before this was revised up to £1.5 billion, then to over £2 billion.
Road to Recovery
Lloyds continues to make progress with a strong start to the Group’s latest strategic plan and the planned integration of Zurich and MBNA and launch of Lloyds Bank Corporate Markets all
Barclays vs Lloyds 02
www.atlanticmarkets.co.uk

going to plan. The biggest appeal for the potential share buyer is the recent increase to the interim ordinary dividend. This and the overall Improved guidance offer investors some respite and positivity to look forward to.
One thing that Lloyds has long been known for is its ability to keep a tight rein on costs, and that’s where a lot of the profit improvement is coming from. Lloyds has the lowest cost base of the big four banks. It also has a very strong capital position, more than double the minimum allowable level. What’s more, Lloyds has no net reliance on wholesale funding – meaning it’s self-funded.
PPI Pay-outs
The total PPI provisions for Lloyds now stands at a staggering £19.4bn since 2011. The compensation payments have been so vast that the Financial Times mockingly referred to Lloyds as “a cash dispenser to the people”. On the bright side, it’s a big achievement that Lloyds’ has been able to pay out billions in compensation and not only survive, but resume making good profits. Given the strength of the underlying business, it shouldn’t be too long before Lloyds switches over to being a cash dispenser to its shareholders.
How They Compare
Lloyds is a better run business with a far superior cost to income ratio. It is also safer with a substantially higher capital ratio. It offers investors an attractive and growing dividend yield at a modest forecast PE ratio. While its business has a narrow focus, it is the UK’s most straightforward bank. In short, it’s an income play with good upside potential. The net asset value per share is not so appealing to investors compared to Barclays. Lloyds NAV (exc intangibles) is 55.51p compared to Barclays far more appealing 318.58p.
Barclays has a lot of catching up to do. Its costs are way too high, and its capital could do with a boost. Both of these points are being addressed. The recent dividend increases are now appealing to the income investor, but this has weighed on the company’s overall dividend cover. Barclays dividend cover is 1.45 compared to a healthier cover for Lloyds at 1.71. The biggest attraction
of Barclays is its deep discount to net assets. The dividend cover does also offer investors the comfort. There’s a lot of potential upside that could be unlocked if the management team can run the business in a cohesive and consistent manner. For investors prepared to take a longer view,
Barclays is a bargain.
Barclays vs Lloyds 03

[alphorn] 10/6/2019 12:50

It is not by accident that the Brexit posts are sitting on this thread. Lloyds is the domestic Post Office.

The shares are sitting today at around 30p on a basket of currencies basis.

[minerve 2] 10/6/2019 12:46

"Just like Marmite, eating it isn't compulsory."

Neither is listening to you, thankfully.

[alphorn] 10/6/2019 12:46

"Hunt: It we dont get brexit done, the tory party is finished".


Yet another idiot. Until any of these candidates really push for what is best for the country it is the road to failure. Internally focussed like many of the posts here.

[inaminute] 10/6/2019 12:42

Well said. He's just a liar who will say anything to be popular. He ran away from his last big lie and he'll run away from this one. His superficial analysis is scandalous and I hope, finally, he's shot himself in the foot with this one. In my experience many of those who would benefit from the tax break, myself included and my friends, would prefer the money were used as investment in our social infrastructure, which is creaking.

[maxk] 10/6/2019 12:41

"EU financial support"


What is this mythical thing, and where does it come from?

[jacko07] 10/6/2019 12:39

The morons who whine about chlorinated chickens.

Just like Marmite, eating it isn't compulsory.

[ladeside] 10/6/2019 12:39

Good post Roger, that's about it in a nutshell.

[maxk] 10/6/2019 12:38

Hunt: It we dont get brexit done, the tory party is finished.



After that, he started telling tales.

[jacko07] 10/6/2019 12:24

Minnie..has Woodford got any of your funds, I see the FCA have launched an investigation.

[minerve 2] 10/6/2019 12:22

At least we will have chlorine washed chicken at the soup kitchens.

[jacko07] 10/6/2019 12:22

jacko7

I don't lie, I don't need to. I'm confident in my own ability and what I have achieved. I don't really care what a second-hand car salesman like you thinks, or anyone on this thread for that matter. Most of you are a bunch of has-beens and life losers. There are a few exceptions, but only a few.
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Minerve, you whine on far too much about yourself and your so called achievements. There are many on this board who have obviously done pretty well but don't show others the spiteful disdain you display in many posts.

I have been around many years and can spot a fake very easily..and you dear boy are as fake as a cheap snide Rolex that the 'looky looky' africans sell on the streets and beaches of Europe. You call me a has-been, well maybe I am, but that is a whole lot better than a 'never was'.

I feel genuine sorrow for the huge losses you have borne through following Woodford, but maybe you should devote your hours to proper investing than spending hours on here. Must really hurt to see that Lloyds shares have held up far better than your Woodford portfolio.

[rogerrail] 10/6/2019 12:20

So now its abundantly clear that Boris' propaganda bus fooled the people that leaving the EU would release £350m/week to spend on the NHS. Now he promises a tax cut to those who least need it which will be partly paid from UK's current EU contributions.

The tax cut costs £9.6 billion a year which is more than our next contribution to the EU in 2017 of £8.9 billion (£171m/week) and a big chunk out of the total contribution of £13 billion.

It is clear that after the tax cut and any increased spending on the NHS which will be necessary to maintain vital services, the money that was being spent by the EU in the UK to support R&D,industry and farming and invest in the poorest parts of the UK will evaporate.

It is also evidently clear that majority of people in the socialist areas of North England and Wales who voted for Brexit are indeed turkeys who voted for Xmas.

It is also blatantly obvious that Boris' claim that the UK set free of it's EU constraints will be able to prosper trading freely with the rest of the world is a big fat lie by a big fat liar. Whats left of manufacturing and farming after the loss of EU financial support and customs protection will be wiped out and we will have sod all to trade with.