Lloyds Banking Share Discussion Threads

[minerve 2] 01/7/2019 11:12

fatnacker

I have always been concerned about UK business and I fully support any decent suggestions to improve the UK situation. However, leaving the EU is not the way to go about it. What we should have done is increased our influence in the EU not reduced it. A good start would have been to reduce the priority of London (finance) as a bargaining chip and evened the balance over all sectors. Countries can introduce business successfully as part of the EU. We had it in Scotland, we had it in Wales, the real issue is without doubt the Tory party. They do not want large industry with inherently decent human and employee rights. This is why the don't want to be in the EU. Their capitalism is more Mike Ashley, Phillip Green, Jef Bezos. My capitalism is more like Rolls Royce, GKN (not Melrose) etc..

[gaffer73] 01/7/2019 11:10

This is not at multi year lows?? I suppose it would be better to buy at the top rather than when the share price is below value would it? That is a good way to make money hey!

[minerve 2] 01/7/2019 11:04

cheshire

Tonight you need to watch the first programme in The Ascent of Money by Niall Ferguson. Society would be nothing like we have if it wasn't for debt. Starting right from the ghettos of Venice, man, business, has made great use of credit.

Most companies do not grow on zero debt and positive cash flow. Even if equity is used there is an implicit expectation of return that will soon need to be repaid or the cost of equity quickly escalates. Debt leverages return and improves ROE, if you don't use debt you would not grow anywhere near the rate companies do. We would all still be using horse and carts.

Even Berkshire Hathaway was built up on OPM. He used insurance premiums for acquisitions.

Go and find me a company on the stock market that has no long-term and short-term borrowings and I will find you a thousand that do for everyone you find that doesn't, if there are any, which I doubt.

[grahamite2] 01/7/2019 10:49

Both candidates are committed to throwing away as much money as possible on foreign aid. There will still be a lot of work to do to clear the swamp even after Boris has got us out.

[fatnacker] 01/7/2019 10:39

Minerve I'm wondering where your concern was for UK jobs and business when they were being exported across the Chanel pre referendum? I mean so much of our food production and manufacturing was lost, do you think, as a captain of industry, some of it might return or do you think we'll all have to learn to live without, I value your opinion, seriously.

[alphorn] 01/7/2019 10:22

Cheshire - in general if you don't move forwards you start to go backwards.

(GEC was taken over by clowns - little to do with the leverage debate).

[cheshire pete] 01/7/2019 10:10

Remember the late Lord Weinstock who built up GEC and a huge cash pile for acquisitions. He knew all about business. But then what happened...he came under pressure from investors to spend his cash pile. He resisted but after he retired and new people took over they continued making acquisitions. They spent his cash pile ok, however they were buying pups but with his cash rather than shares.
Turnover is vanity, profit is sanity but cash is King.....sound familiar minerve?

[poikka] 01/7/2019 09:58

I personally know of someone who's importing from the Continent easily produced equipment that any self-respecting UK fabricator could knock up should tariffs come into play. The opportunities are there for the taking. Let's hope that we get out before industry gets too soft and lazy.

[millymoose] 01/7/2019 09:56

We would love to have cash as bonus but the share thing was put in place during our part government ownership

[fatnacker] 01/7/2019 09:55

Minerve there are times when I think of you, like when the Andrex adverts on the tele, or was it Izzal?

[minerve 2] 01/7/2019 09:50

Well done Chubb!

[minerve 2] 01/7/2019 09:50

No matter what Trump and his band of Flat Earthers think, coal will die soon in the US for sure.

"Chubb is set to become the first of the big US insurers to announce a ban on coverage for coal companies."

[minerve 2] 01/7/2019 09:46

"Try not getting into debt in the first place....a lot of the problems go away"

I hope that is not a reference to business cheshire because you really know nothing about business if that is the case!

[minerve 2] 01/7/2019 09:42

Ref inheritance tax:

Personally, I don't have a problem with that.

[fatnacker] 01/7/2019 09:42

Minerve, my heart bleeds for them.

[cheshire pete] 01/7/2019 09:41

Try not getting into debt in the first place....a lot of the problems go away.

[alphorn] 01/7/2019 09:32

I was going to respond to Cheshire's naïve post but Minerve you beat me to it.

[minerve 2] 01/7/2019 09:32

fatnacker

We will see over the next 12 months. If the Tories can be "pointlessly punitive" to their own people I don't see why it is unreasonable to expect the EU to be "pointlessly punitive" also. Besides, they are sick of this nonsense and I don't blame them.

[minerve 2] 01/7/2019 09:28

cheshire


Businesses face risk all the time but we don't need to add to their risks and uncertainty. We are supposed to be making it easier for them because they maintain the quality of life for society.

If there is too much risk in this country then you will not get investment inflows and this is what we are seeing ATM especially in the auto and financial sectors. Liquidity could be a serious problem on November 1st.

Additionally, it doesn't matter what the business people think if the creditors perceive greater risk. They may well be willing to lend the money but the interest rates on the credit will increase the cost of capital which makes you less competitive. I hope you know about this Cheshire because you should do if you are a serious investor.

The best businesses in the world, and the best businessmen, have NO appetite for risk! They seek to mitigate the risks that can be mitigated. If you want risk, go to the casino. You obviously know very little about business.

[fatnacker] 01/7/2019 09:21

Minerve the altruist, when did that happen? crocodile tears over a jobs apocalypse dreamt up by remain doomsters which could only come about if the EU is pointlessly punitive, hilarious.

[cheshire pete] 01/7/2019 09:13

Businesses face risks all the time, every hour every day for all sorts of reasons, fads, fashions, press scares, interest rates and they take them in their stride because it goes with the territory. Course they'll moan about Brexit to a sympathetic, leftie media who suck it up, twist it and spew it out for their own reasons.

If you don't have an appetite for risk and managing it then don't go into business...a 10 year old can work that out selling sweets to his mates at school. Brexit is another risk to be managed...it is also an opportunity for those with imagination and vision. Suspect this is what Boris was getting at when he said ----business.