Lloyds Banking Share Discussion Threads

[freddie01] 27/7/2019 17:18

But critics said her refusal to respect her refusal to respect another Brexit vote went completely against the name of her party.

[freddie01] 27/7/2019 17:17

NEW Lib Dem boss Jo Swinson admitted on Tuesday that even if Britain voted for Brexit in a second referendum she would still campaign to reverse the decision.

She vowed never to change her “fundamental belief” that Britain is better in the EU.

[grahamite2] 27/7/2019 17:11

Exactly k38.

Are the fanatical remainers blind to the corruption, to the stifling over-regulation, to the EU's diminishing importance?

[poikka] 27/7/2019 16:28

Should be a good race tomorrow (German GP) with Vettel at the back and Leclerc at Nr.10, and with Hamilton unwell, and with rain forecast.

[montyhedge] 27/7/2019 16:02

Surely you can't go on relying on cost cutting, must come to an end one day.

[k38] 27/7/2019 15:51

"Well there's a very simple answer to that, Brussels needs to stop taxing countries so much, because it is tax, isn't it, and a tax that nations don't have much say over"


High life, high salaries, top pensions, benefits, high class hotels, servants, all tax free plus corruption....



Someone has to pay for all this.

[k38] 27/7/2019 15:41

Britain's contribution to the EU rises by 20 per cent in a year, as UK's booming economy is used to prop up Brussels "budget " Gordon Rayner, political editor 19 JULY 2019 10:00PM Britainâ contribution to the EU has shot up by £2.6 billion per cent in the past 12 months, new Treasury figures show, as the UKs growing economy was used to prop up Brussels budget. An eye-popping £15.5 billion was sent across the Channel in the year ending March 31, compared with £12.9 billion the year before - an increase of 20 per cent. The extra money would be enough to put 50,000 more police officers on the streets or fund 81,000 social care beds. Brexiteers said the increase was yet more evidence that Britain must leave the EU as soon as possible to stop taxpayers money pouring into bottomless EU coffers. Treasury accounts published this week show that the increase in Britains... More if you sign up: https://www.telegraph.co.uk/politics/2019/07/19/britains-contribution-eu-rises-20-per-cent-year-uks-booming/

[poikka] 27/7/2019 15:17

Someone wrote this on a BP board:

"Finland has already made it very clear that they will be very unhappy if they have to make up some of the short fall of the gross £39bln, nett £24bln Boris has said he will not pay in the event of a hard Brexit.

After the UK leaves, Finland will become the second highest nett contributor to the EU, behind Germany."

Well there's a very simple answer to that, Brussels needs to stop taxing countries so much, because it is tax, isn't it, and a tax that nations don't have much say over!

Do you see ASEAN countries being taxed by an almighty burdening bureaucracy? Do you see them with a restrictive common currency?

What the hell happened to the EU to bring it this bureaucratic madness of a straightjacket.

[minerve 2] 27/7/2019 13:16

Brexiter boneheads.

[minerve 2] 27/7/2019 13:12

The head of the UK's biggest charitable funder of scientific research has written to the new Prime Minister Boris Johnson backing his vision of a thriving science sector, but warning that leaving the EU without a deal is a "threat to that".

[minerve 2] 27/7/2019 12:34

“never did me any harm though.”

Are you sure about that?

LOL

[whitestone] 27/7/2019 12:09

Lloyds share price: what to expect from first-half results

[alphorn] 27/7/2019 11:46

Next week I shall be visiting an ex-senior bod from HBOS. I shall ask him (re above). Of course all these guys went on to even greater things! That is banking. :(

[alphorn] 27/7/2019 11:41

cheshire - you got it in one. Time is a big issue here, especially throughout the summer period. Think about it.

[hernando2] 27/7/2019 11:20

Crossing- Correct the inequity of the EU tariffs...you can find reports that give other reasons but they are an attempt to cover up the issue IMO

Also if you look for reports on what will happen to Animal welfare in the UK after Brexit they all say it will lessen, and we need the EU.

when the fact of the matter is the the Uk has led the EU on this issue for many years and the EU still fails to implement the standards that are agreed or give inordinately long compliance times , 10 years in the case of Battery hens for example and those standards will still not met after that 10 year period elapsed.

I have some friend who are passionate Animal welfare people, and on of the main reasons they want the UK in the EU is to keep the EU standards high.

And don't start me on the greenhouses of Almeria or the disgrace of the tomato industry in Italy...all driven by tariffs and aided and abetted by the EU's blind eye to immigration, it is nothing but slavery for those poor unfortunates whom risked their lives to get to Spain or Italy.

[cheshire pete] 27/7/2019 11:14

Alphorn 886: "Try harder"

You're taking me back to school reports there Alp....'must try harder' and the other one 'has the brains but not the ability to use them'...or was it the other way round....guess the schools would get sued if the teachers wrote non pc stuff like this now.....never did me any harm though.

[crossing_the_rubicon] 27/7/2019 10:55

Hernando
"PS look up coffee that is even more interesting, who would have guessed the second largest importer and processor of coffee of coffee is Germany after the USA, followed by France and Italy"

And look at all the African nations with their primary product exports to Germany that are kept at the bottom of the value chain exporting raw coffee beans..whilst Germany makes hay on the higher margin processed product.

[eurofox] 27/7/2019 10:54

most of the salads you buy in supermarkets are already chlorinated anyway

[gaffer73] 27/7/2019 10:45

Exactly, get them while they're cheap.

[crossing_the_rubicon] 27/7/2019 10:41

Not sure if this has been posted but from 3 days ago...

UBS Jason Napier comment

Ahead of the industry's upcoming interim results season starting next week, the UBS expert points out that the UK domestic banks are attractively valued at about seven times 2019 earnings per share (EPS) and much more compelling than European counterparts.

He has a price target of 75p for Lloyds, which if achieved would represent the highest level since 2015 for this widely-held stock. Napier is a long-time supporter of the bank, although that faith hasn't been repaid so far after a prolonged period of sideways movement caused by Lloyds being seen as a proxy for the UK economy.

Brexit aside, Lloyds is in rude health after its most recent results showed higher profits, an improved net interest margin and a capital cushion nudging 14%. Its tight control of the business previously enabled a share buyback of £1.75 billion.

When the company reports interim results on July 31, UBS expects to see a slight weakening in underlying profits to £1.9 billion despite a continued robust net interest margin of 2.90%. The interim dividend should increase 5% year-on-year to 1.12p.


"Valuing shares at 6.8 times forecast earnings, Napier is confident there's scope for "substantial capital upside and significant capital returns". He added:We think Lloyds is an undervalued, strongly capital-generative bank, operating with a cost advantage in a competitive market."

[hernando2] 27/7/2019 10:35

Trade is a complex world for sure, i was buying some tea the other day , i buy high quality tea from a small supplier near me, he often sells tea back to China and the Middle east. Coal to newcastle as it were.

tea that is exported from the supplying nations through the EU, is processed to a higher standard than the tea for home market consumption, and so so to Gtee quality high end retailers in the country of origin buy from the UK. EG 5 star hotel groups.

It's all about MRL, which is the maximum level of residue that is permitted in the tea after processing, including pesticides.

the EU is better than the USA in this instance.

The EU have differing standards than say Russia or America...America and the EU ( which i looked at), have extensive data bases of MRL for all sorts of foods, EG nuts , citrus and so on.

And as we know the Australians have very strict rules around this with very sever penalties for repeated breaking of these rules.

One argument on this issue (expounded to me by my niece), is the the EU protects us from lower standards applied in the USA. She of course referenced chlorinated chicken.

But another example where the EU is far worse than the UK this time is chicken this time from Brazil, Brazil is the worlds biggest exporter of frozen chicken and has salmonella rates of around 20%.

A substantial amount of this chicken was consumed in the UK after being imported through the EU.

I guess the USA chlorinate rather than consume the Salmonella whilst the EU prefers us to consume the salmonella rather than chlorinate

Thanks to Edwina the UK has 1.5 to 2% salmonella contamination...so personally i buy good quality British chicken that is sourced locally to me.

It is a difficult area that's for sure.

PS look up coffee that is even more interesting, who would have guessed the second largest importer and processor of coffee of coffee is Germany after the USA, followed by France and Italy.

[maxk] 27/7/2019 09:39

Donald Trump and Boris Johnson working on 'very substantial' post-Brexit trade deal







Telegraph Reporters
27 JULY 2019 • 9:10AM



Donald Trump has said he and Boris Johnson are already working on a "very substantial" post-Brexit trade agreement.

The two world leaders spoke on the telephone on Friday evening and discussed the "unparalleled" trade opportunities offered by Britain's departure from the European Union.

Mr Trump said any deal could signal a "three to four or five times" increase in trade between the two countries.

"We're working already on a trade agreement," he told reporters at the White House. "And I think it'll be a very substantial trade agreement.

"You know we can do with the UK, we can do three to four times, we were actually impeded by their relationship with the European Union. We were very much impeded on trade.

"And I think we can do three to four or five times what we're doing.

"We don't do the kind of trade we could do with what some people say is Great Britain.

"And some people, remember a word you don't hear too much is the word England, which is a piece of it.

"But with the UK we could do much, much more trade and we expect to do that."



More:

[alphorn] 27/7/2019 09:29

Noel Edmonds has struck a multi-million-pound compensation deal with Lloyds over claims that criminal bankers destroyed his business. Mr Edmonds said that crooks working in the Reading branch of HBOS wrecked his entertainment firm.
The agreement is thought to be in the region of £5million.

Small number for Lloyds but does show that HBOS were a bunch of cowboys.