Lloyds Banking Share Discussion Threads

[jordaggy] 18/7/2019 11:18

Lower interest rates will hit banks hard in the NIM gooleys ...

[alphorn] 18/7/2019 11:07

#016. That is misleading. First, output could be doubled by changing the shift pattern. Then, if necessary, talking 10 years out other steps could be taken.
In the meantime Geely has issued a profits warning about sales in line with most other car companies.

[intelinvestor] 18/7/2019 11:07

See what happens to the interest rate in the US, Impact of Interest Rates on Stocks
On the other hand, when the Fed announces a cut, the assumption is consumers and businesses will increase spending and investment, causing stock prices to rise

and bond coupon would be worth less meaning investors will look elsewhere usually common stocks

[shy tott] 18/7/2019 11:04

Any desperation comes from anti-democratic remoaners who want to stop us leaving even though a clear majority of those they are supposed to represent voted to leave.

How can it be 'desparate' to wait for something expected from a referendum?

You appear desperate to leave the uk - and that's because your vote was to stay in the uk.

Why are you so out of touch with what the majority want?

[bargainbob] 18/7/2019 10:55

# DesparateBrexit

[smartypants] 18/7/2019 10:28

Michel Barnier warned the UK it may have to "face the consequences" of a no-deal Brexit.

Michel Barnier said that the Withdrawal Agreement negotiated between Brussels and Theresa May remains "the only" option that will deliver an orderly Brexit.
Barnier stressed that the UK must "face the consequences" of a no-deal, if it comes to it.

London has been aware from the start of negotiations on its divorce from Brussels that it cannot blackmail the EU by threatening it will leave the bloc without a deal.
The EU noticed the UK wasn't prepared for a no-deal Brexit at all, while the EU took the necessary measures to ensure everything works well on its side in case of a no-deal Brexit

European Commission First Vice President Frans Timmermans said that the UK wasn't prepared at all when their negotiators first came to Brussels and added UK ministers "were running around like idiots" at the time.

They still are running around like idiots because....they are idiots and they refuse to acknowledge the consequences.
................................

A no-deal Brexit would cause a recession in the United Kingdom's economy and would cause the pound to drop significantly in the markets, the UK's Office for Budget Responsibility (OBR) said in a forecast released on Thursday.
It decided to run a stress test following remarks from Tory leadership candidates Boris Johnson and Jeremy Hunt that they would be willing to allow a no-deal Brexit,

The OBR said it was concerned about a decline in confidence and rising uncertainty, adding: "Together, these push the economy into recession, with asset prices and the pound falling sharply.
Real GDP falls by 2% by the end of 2020 and is 4% below our March forecast by that point."

Furthermore, the report stated that UK debt could rise by 12% of GDP by 2023-2024 in case of a no-deal Brexit and as much as £30 billion could be added to government borrowing every year starting from 2020-2021.
As a result thereof, the OBS warned: jobs would decline resulting in a drop in income tax and national insurance; capital tax receipts would see a significant fall because of lower house prices and less transactions; and, as a result of lower interest rates, debt spending would decline.

Yer but...every one will be better off, and free right?

[crossing_the_rubicon] 18/7/2019 10:23

Lotus Cars is preparing for an expansion under Asian owner Geely Automobile Holdings Ltd. that could see the iconic British automaker open a second U.K. factory. Chief Executive Officer Phil Popham said he’s unconcerned about Brexit.

“We’re a nation that’s historically one of the biggest traders in the global market, always have been, always will be, so it’s matter of time before a new deal is done with Europe and other trading partners around the world,” he said.

#DespiteBrexit

[likeawalrus] 18/7/2019 10:08

my downfall as an investor is my endless optimism, however right now I feel nervous, I feel there is a good chance the US market is heading for a 10%-15% correction in the next few weeks which of course will impact the UK market. If I am right Lloyds will drop 8p-10p as a consequence of a US correction at which point I think it would be seriously undervalued.

[minerve 2] 18/7/2019 09:51

maxk

Did you read that sentence or did you just allow your warped brain great freedom in interpretation?

Anyway, Luxembourg at some point will need to be addressed just as much as UK provinces. Socialism will have to play a greater part in the world if there is to be peace. It is inevitable.

[maxk] 18/7/2019 09:48

Luxembourg wont like the tax thing either.

[minerve 2] 18/7/2019 09:47

I agree diku.

Halloween is going to offer lower prices but will they be value?

It will knock £Bns off of investments - serves the chimps right.

Spain is going to be pricey this year. LOL

Yes, stay and enjoy the English weather in Whitby.

Super, smashing, great!

[diku] 18/7/2019 09:41

Hope not but looking at header chart a sharp move down to 50p could be coming over the coming weeks...

[crossing_the_rubicon] 18/7/2019 09:40

EU Tax & Customs 🇪🇺
@EU_Taxud
"I will make use of the clauses in the Treaties that allow proposals on taxation to be adopted by co-decision and decided by qualified majority voting in the Council."
@vonderleyen



QMV for taxation policy.

Pity the Irish, they're screwed.

We need to leave and do so fast.

[stewart64] 18/7/2019 09:35

Maybe the start of a Market correction today. The Market has been very resilient in view of the imminent political autumn scenarios, few of which look very promising for a Bull run.

[xxxxxy] 18/7/2019 09:22

Michael Sunderland 17 Jul 2019 11:23PM

Do you not think that the balance of payments the difference between what you import and what you export now assumes the importance it did before the N.Sea oil bonanza?. This is the important measure of your wealth or non wealth from here on. Why do you think the U.S is in a trade negotiation with China?. Based upon what I read below you have an acute balance of payments problem just from the fractious relationship with Europe that requires tariffs begin on Nov.1. I am thinking that your trading numbers with the rest of the world are better but you are cannot trade your way out of this with Europe because the markets in Europe are not there never were, never will be.These countries face very hard times once British taxpayers stop subsidizing them. All that has been happening is that you have been paying to keep them afloat and you can see why they wanted 39 billion but this has to end in tears for them or they will never learn to support their economies with disciplined fiscal responsibility. I hope you now select responsible politicians who know what their doing and can guide you on a new and better path for your future.

[xxxxxy] 18/7/2019 08:50

Thank you Mr Barnier

By JOHNREDWOOD | Published: JULY 18, 2019

Mr Barnier’s refusal to re open the Withdrawal Agreement makes it clear. We leave without signing it, and offer a free trade agreement on the way out.

We do not need months of more uncertainty trying to unpick a small amount of the unpalatable things about the draft Withdrawal Treaty. We voted to take back control of our money, our laws and our borders, and must do so by 31 October.

[poikka] 18/7/2019 08:49

"Enlightening" - response to Freddie's.

[hernando2] 18/7/2019 08:49

TBF the banks he bailed out were Scottish led...lloyds would have been alright without having to take on BoS and RBS are still over 60% government owned.

the terms for RBS were far too generous..

[poikka] 18/7/2019 08:47

Bob, m8, that was quite inspiring, to the faithful: are you a journalist? That was your effort, wasn't it?

Bit short on detail, but lift me up!

[bargainbob] 18/7/2019 08:41

Nurse! Nurse! He’s out again. That shoogly lock on the bedroom window of the manse has snapped off again. There’s been an intervention, an intervention which has taken place in the intervening period since the last time he intervened just after his previous intervention.

Gordy Broon is once again front and centre, or wide right then centre, then wide left then centre, repeat until the mixture thickens, if you take into consideration the 10,000 step workout he must get pacing back and forwards in front of his regular captive audience of wilting interventioneestas, their heids swivelling back and forth following his movements, like kittens following a torch beam.

This time he is launching a new think tank called, wait for it, ‘Our Scottish Future’. It’s time to put the positive case forward for the union, says Gordy, the progressive case for Scotland and Scotland’s role in Britain. It’s gonnae be great, it’s gonnae be upbeat, optimistic, constructive and self-affirming.

Therefore naturally the inaugural event for this new think tank, to be staged next month in Edinburgh, is to focus solely on ripping the pish right out of the SNP’s plans for a Scottish pound in a return to the days of our old friend Project Fear’s “what currency will you use?” mantra. Yes, that sounds pretty upbeat and positive about making the union’s case, doesn’t it.

Browns’ choice of words at the launch of this organisation (maybe they can borrow Ruth Davidson’s tank to think in) was revealing. He talked of speaking up for “mainstream221; Scots, and making a “progressive” case for the union. Gordy still thinks, in his dotage, that there is a vast Labour supporting public in Scotland, and hasnae quite grasped that those that he considers the mainstream have long since seen through the neo-liberal New Labour experiment that he was so central in creating with his pal, and sometime rival, the Hague dodger.

He doesn’t have any clout with the mainstream of Scottish society anymore because that mainstream have remained committed to their political roots, championing social justice, supporting public services, promoting fairness and equality, whilst his party completely lost the plot, in ways that would have their founders spinning in their graves, becoming an irrelevant shadow of their former selves, an organisation almost indistinguishable from the established elite they were originally set up to fight against.

As each day passes the number of that “mainstream221; of Scots who are waking up to the idea that the only way to achieve progressive governance for their country which fits with their views and their aspirations for the future is to take the ordinary step of becoming a normal self-governing member of the family of nations of the world is increasing. The lights are coming on all over Scotland, the momentum is building, and Gordy simply does not get that.

Labour votes are not weighed in Scotland anymore Gordon, they are framed and put on display in museums as relics of the past. We have long memories. You are living in the past and your party is not coming back.

Taking the biscuit, in fact taking the biscuit tin, the quote from Brown on this occasion most likely to cause anyone with any knowledge of politics in Scotland and the UK at all to choke on a gub full of rice crispies, causing recycled milk to fire out of a nostril onto any unsuspecting breakfast partners this morning, is a classic, a red neck you simply couldnae paint on this fella, “ There’s no chance of breaking free of austerity under the SNP” he says.

Can you believe it? This is a man, when he was Prime Minister, who spent a fortune in public money bailing out the banks, dramatically increasing the national debt, and giving the Tories who then ousted him the perfect excuse to follow an austerity for everybody else but themselves agenda ever since.

Thanks for that Gordon. Back into the wardrobe for you, as soon as we find where you dumped your straitjacket.

Independence is entirely normal. The case for it is becoming more compelling and urgent by the day.

[maxk] 18/7/2019 08:37

an orderly exit = remain

[poikka] 18/7/2019 08:28

"In a wide-ranging interview with the BBC, Mr Stoltenberg says the Russian missiles - which he says are in "clear violation of the treaty" - are nuclear capable, mobile, very hard to detect, and able to reach European cities within a few minutes."

Brussels: Let's have a meeting about this. Inform the catering staff.

[poikka] 18/7/2019 08:26

Enlightening.

[maxk] 18/7/2019 08:26

The UK would “have to face the consequences” of walking away without a deal, he said, adding the deal May negotiated was the only option that would allow “an orderly” exit.