Lloyds Banking Share Discussion Threads

[cheshire pete] 11/7/2019 13:45

Think you could be right grahamite: it's the Boris effect. Under him sentiment will switch to glass half full whereas under May, Hammond and Carney it was half empty. Neutrals will switch to wanting to be Brexit winners. Defeatism, pessimism and miserablism will be unfashionable, even amongst the snowflakes.

[grahamite2] 11/7/2019 13:35

Amber Rudd on @talkRADIO just now: "Both candidates have said no deal is part of the armoury and I have accepted that...



Even the worst remoaners are finally accepting reality (all except the tiny minority who have retreated into a complete fantasy world, people like Grieve and Major).

And these people, who don't have many principles but who run on expediency, are starting to reposition themselves noticeably. Suddenly the Bank tells us they are actually fully ready for leaving without a deal. Manufacturers tell us that the ongoing uncertainty is worse for JIT than no deal ever would be.

Historians will recognize this week as the time the centre of gravity shifted.

[minerve 2] 11/7/2019 12:34

France has approved a digital services tax despite threats of retaliation by the US, which argues that it unfairly targets American tech giants.


Absolutely right. Well done France.

[minerve 2] 11/7/2019 12:26

Lots of envious people on this thread who seem to forget the fact THEY TOO appear on this thread! LOL

If they are not full-time investors why are they wasting THEIR LIVES coming on ADVFN? I would have better things to do.

[mikemichael2] 11/7/2019 12:22

'I need some fun and entertainment'

LOL.

[crossing_the_rubicon] 11/7/2019 12:22

Robert Kimbell #TimeForThePeople207; @Rob_Kimbell 

No Deal is NOT No Deal.

It's WTO terms with a host of immediately effective side-deals with the EU, some 17 in all.

No Deal is also NOT No Deal as it frees the UK to seal bilateral comprehensive Free Trade Agreements with 48 Non-EU markets that want them!

[ladeside] 11/7/2019 12:21

It's quite simple.

Brand new Seat Ibiza 1.2 SE retailing in Spain from 8,995 Euros

The same car retailing in the UK is currently £14,995.00

Prior to the collapse of sterling the same car in the UK was retailing at around £9k - £10k, as such people just aren't buying new cars as they are far too expensive, hence the car industry is really struggling.

Take away PCP and NOBODY would be purchasing new cars as they are grossly overpriced and it's only now we're starting to see the effect of this filter through to our showrooms.

As for Electric vehicles, well, who in the real world can afford a basic car which retails at £35,000 - £40,000 ???

Not many is the answer............

[crossing_the_rubicon] 11/7/2019 12:19

"jacko0711 Jul '19 - 10:43 - 264488 of 264498
0 1 0
I find it amusing that you try to lecture a self-made multi-millionaire entrepreneur who founded a company that listed on the LSE, had two other directorships, and currently runs a charity. I'd like to know what experience you've had that makes you think you know better.
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Yet strangely, Jacko, Minny spends nigh on 24.7 on this advfn board!!!
Methinks they be telling massive lies.

[maxk] 11/7/2019 12:17

No Poikka, it's all down to brexit (all of it)

[careful] 11/7/2019 11:54

There are many indicators used by economists. Boring facts.
Many are pointing worryingly down.
Brexit doubts and fear of a no deal are enough to hold investors back in most instances.
David Smith in the Sunday Times quotes these indicators.
Too boring and factual for most on this thread.

Some go ahead, JLR recently, often greased by the promise of generous HMG subsidies.

[careful] 11/7/2019 11:50

Another fall in the £ and things get difficult.
Oil and Gas are priced in $.
increased energy bills and petrol and diesel will slow down the economy and inflation will pick up.

Inflation is the dog that has not barked, (yet), but if it takes off they will be forced to increase interest rates as the economy is slowing.

Nasty things start to happen.

There are perversely some odd things that happen with a Zibabwi type currency. Asset prices of some assets will rise.(in £). UK could be bought out to by American companies.

Inward investment has been a great success in our economy in recent years, lots of it because of our EU. membership.
It is on hold at the moment for most.

[ladeside] 11/7/2019 11:30

Back in the real world this is what's actually happening right now,



You can all argue about Brexit, however the reality of the weakness of sterling is the main driver in this case.

[minerve 2] 11/7/2019 11:23

This time of year I would be probably be easing off a bit. But Brexit and Trump are really giving me no other choice but to stay fully tuned. I have you idiots to thank for that. But I will personally benefit from the losses of the chimps, make no mistake, I'm driven and therefore know that that will be the case. I'm almost 24/7 ATM, enjoying it, and stand to make more money that you lot do in a decade. I will probably fund my charity with the proceeds.

[minerve 2] 11/7/2019 11:18

MM2

I'm a full-time professional investor. I have been coming on ADVFN almost everyday for the last two decades.

I'm currently studying DCF decision trees for biotechnology stocks. I need some fun and entertainment. I've chosen the chimp cage.

I'm your digital Johnny Morris. Best get used to it. ;)

[poikka] 11/7/2019 11:13

"Asked why he failed to back him in the TV debate, Mr Johnson said: "I don't think it's right to drag public servants' careers into the arena in that way.

"I thought it was most odd that the career of a particular servant should suddenly become a test case within a TV debate.""

Not to mention the Foreign Secretary trying to make it an even bigger issue!

Anyway, that seems to have become history rather faster than I expected; must be a bit more to it than meets the eye - Darroch not quite such a brilliant idea after all?

Just as long as May doesn't try to nominate someone. We (all except the gloomy remoaners that is) quite obviously need an Ambassador keen to work hard on trade and supportive of our new-found independence.

[patientcapital] 11/7/2019 10:59

Mentioning JIT the AML CEO recently commented that an exit without a deal would be preferable to the ongoing uncertainty.The next leader or team getting on with it should do so with far less in the way of step by step commentary. Aren't people tired of the pre speech briefings? "At such and such, so and so will say this". With all the wordsmiths then pontificating prior to the speech.It is the scourge of the modern way of instant everything.I used to sit on faxes overnight unless they were actually urgent.

[jias] 11/7/2019 10:46

Looks as if there was no share buyback yesterday. Have not seen an rns from Lloyd’s.

[jacko07] 11/7/2019 10:43

I find it amusing that you try to lecture a self-made multi-millionaire entrepreneur who founded a company that listed on the LSE, had two other directorships, and currently runs a charity. I'd like to know what experience you've had that makes you think you know better.
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I'm awake!

ROFLMAO

[alphorn] 11/7/2019 10:40

Max - it has been hyped to that - but is of course nonsense I agree.
It does not mean to say that the situation will not worsen - hence my own positions etc.

[maxk] 11/7/2019 10:32

Alp.

It has been the remainer trope all the way along .. end of the world.


Of course it will be nothing of the sort, for that would entail an MAD type scenario.

Nobody wants that.

[alphorn] 11/7/2019 10:30

M - good post on #482.

I would add from personal experience that the cost structures in the UK have over recent years gone completely out of kilter with much of the world. There are some areas where UK products etc are good value but the costs are much too high, even taking account of plummeting sterling. I realise that I am probably over focussing on the South East but the cost structures, salaries, housing etc are still way out of line.
(The divide between 'rich' and poor has widened too).

[mikemichael2] 11/7/2019 10:24

Wow, are you a self made millionaire? and did you have a LSE company? and is it now running a charity? Hell of a come down posting on here all day.

[alphorn] 11/7/2019 10:22

Max - you are illustrating the opposing view - project fear, end of the world etc to try and ridicule another view.

This is a continuing problem - two totalling opposing extremes.
Constructive opinions would say that - balance of probabilities xx will be better or worse off. Forget the extremes.

There are two main elements to this topic - an economic one and a nebulous personal view of what value is 'freedom' etc.

The latter has different values to different people and very difficult to weigh. The former we can do something about on these boards.

[minerve 2] 11/7/2019 10:21

cheshire

"Weak pound makes our exports more competitive, especially where costs are mostly labour and domestically sourced materials."

But many of our raw materials are not domestically sourced and neither are our components. Hell, we won't have any domestic steel soon and, hell, we will have no industry level energy to supply industry. This is the whole point about supply chains and JIT manufacture. The auto and defence industry are a spiders web with other countries. If we sell into the EU we will have to meet their standards ANYWAY.

The current Tory government are simply not fit for office ATM. They are incompetent to the extreme. Even Corbyn is starting to look attractive, and that is saying something.