Lloyds Banking Share Discussion Threads

[bargainbob] 31/7/2019 07:42

Shy Tot. , my friend worked at the routine testing lab in East Kilbride , you carry on eating as much as possible.

[utyinv] 31/7/2019 07:36

Millwallfan,

Yes but when PPI ends what will they concoct to take it’s place? The Regulator and Gov are out to punish banks forever, IMO.

The crisis 10 years ago and more, wasn’t just about banks it was total greed by the public too, borrowing more and more to buy expensive houses ( well above their pay grade), holidays, cars, computers for the kids the dog and even the hamster would of had a computer on credit if it could fit in the hamster cage. Rather than save for goods before you buy everything went in ‘tick’. In our younger days if you couldn’t afford it you didn’t buy it... simple!

A lot of this culture stems is still prevalent today.

IMO these buybacks have done NOTHING for the SP, they only increase the earnings per share slightly to justify Antonio and his cronies getting overinflated bonuses. It would be more beneficial to shareholder value if the money was used to give bigger dividends then watch the share price rise as every institutional investor will want ‘some of it’ too.

AIMO

[jordaggy] 31/7/2019 07:34

Last ditch chancers...most will be rejected - one hopes.

[m4rtinu] 31/7/2019 07:30

Seems in line with expectations but big extra Ppi provision which caught me out.

Additional PPI charge of GBP550 million in the second quarter driven by significant increase in information request volumes in the second quarter, ahead of the August deadline

[cm44] 31/7/2019 07:26

This from the beeb,as I thought,nothing but negatives.

Lloyds Banking Group has reported pre-tax profits of £2.9bn for the first half of the year, that's down 7% on the same period last year.

The bank was hit by another £550m charge to offset the cost of compensating for mis-sold PPI.

There appears to have been a last minute rush of people making PPI claims.

There were also significant extra costs for reorganising the business, particularly the integration of the credit card business MBNA.

There were also costs of £296m related to "adverse movements in banking volatility".

[essentialinvestor] 31/7/2019 07:20

Sounding a little more cautious on a quick look.

[cm44] 31/7/2019 07:20

Dividend 1·12p paid on 13th Sept.
Figures generally slightly down on same period '18.
Can't see much positive happening on the market or in the media.

[millwallfan] 31/7/2019 07:16

Not great but only 29 days to go and PPI ends

[jordaggy] 31/7/2019 07:15

Divi up 5%!

[cm44] 31/7/2019 06:57

Dividend 1·12p paid on 13th Sept.
Figures generally slightly down on same period '18.
Can't see much positive happening on the market or in the media.

[buywell3] 31/7/2019 06:57

If the EU want an Irish Backstop at the border

Let them sort it out and pay for it

On their side of the border

[xxxxxy] 31/7/2019 06:41

Farm management and more food

By JOHNREDWOOD | Published: JULY 31, 2019

The agricultural lobbyists are worried that leaving the EU will mean they can no longer recruit plenty of low wage labour from the continent to carry out tasks like fruit picking and vegetable harvesting by hand. The government will continue seasonal workers schemes and will make available a sensible number of labour permits. It should also promote productivity enhancing investment in technology.

There are now various systems to allow mechanised harvesting of everything from vegetables to fruit. Intelligent tractors and farm drones are able to plough, sow, spray and perform many other chores. The farmer will increasingly become the controller of complex systems of AI. He or she from the office will have detailed reports on the state of the crop, the diary for tending and harvesting and details of any problems. He or she will instruct the tractors, drones and other equipment to carry out the work needed at each stage of the development of the crop.

Some of the equipment will be large and expensive. A further move to larger farms would expedite this, but smaller farms can come together with rental agreements or with co-operative approaches, sharing the equipment needed to service their fields. UK farming is often more advanced and better capitalised than many continental farms, where small units lacking in capital characterise big areas. Here in the UK the very high cost of farmland means many farmers are tenants or employee managers. We need to find more ways of incentivising owners of land to work with farmers to put in the capital required.

As an ageing population of tenant farmers retires there is more scope to look at farm amalgamation and at new contract arrangements for younger farmers who cannot afford to buy land. Technology will be a great driver of new ways of farming, and will boost agricultural productivity. Leasing, hiring, and co-operating all offer options for new farmers to earn a good living alongside farm owners who want to make a decent return.

The UK is a large net importer of food from the rest of the EU as we have lost substantial market share in temperate foods since joining the EEC. and losing tariff protection. If on exit the EU imposes their high external tariffs on UK food we should impose selective tariffs on products where we can switch to more home consumption of our own product. We are likely to eat more home produced lamb and less imported beef if the EU opts for the tariff route. We should remove all tariffs on things we cannot produce for ourselves.

[maxk] 30/7/2019 23:33

Here you go Min. An orgy of remainiacs bleeting about what might happen.

[minerve 2] 30/7/2019 23:11

Bucket challenge

[longwell] 30/7/2019 22:50

Stays low will mop up shares from divi re invested.

[xxxxxy] 30/7/2019 22:26

Rewilding. Perhaps a consideration after Brexit as we change directions and usage of resources, hopefully more sensitive and ethical for all. It will require management of land - a sort of farming but with new considerations.

'Rewilding is the large-scale restoration of ecosystems where nature can take care of itself. It seeks to reinstate natural processes and, where appropriate, missing species – allowing them to shape the landscape and the habitats within.

Rewilding encourages a balance between people and the rest of nature where each can thrive. It provides opportunities for communities to diversify and create nature-based economies; for living systems to provide the ecological functions on which we all depend; and for people to re-connect with wild nature.'




So Brexit is complicated and requires Vision

[xxxxxy] 30/7/2019 22:21

'Whatever happens, however, the UK is going to be faced with some very crucial economic problems, regardless of the form that Brexit finally takes. For a start, the proportion of our national income which we invest in our future every year is far lower than it is almost anywhere else in the world. Furthermore, what we do spend money on tends not to be the most productive forms of investment – i.e. those in industry which produce big increases in output per hour. This is why productivity increases have stalled and living standards are static. We have deindustrialised on a scale unmatched by any advanced economy. Even as late as 1970, almost a third of our GDP came from manufacturing. Now it is less than 10% and still falling. As a result, we have lost millions of good jobs; there is a huge disparity between the prosperity of London and our former industrial heartlands in Wales, the Midlands and the North of England; and we have missed out on the productivity increases which are much easier to achieve in manufacturing than they are in services. In addition, because we now make so little, we do not have enough to sell to the rest of the world to pay for our imports. As a result, we have a balance of payments deficit every year averaging close to £100 billion. This may allow us to have a living standard 4% or 5% higher than we are actually earning, but only by borrowing money from abroad and selling off masses of UK assets to foreign owners. As a consequence, we have lost control of swathes of our economy while at the same time, both as a nation – through our government – and as individuals, we are getting deeper and deeper into debt. These imbalances all matter hugely. The slow growth which is the result means that most of the population are no better off now than they were ten years ago, with little prospect of any improvement as far ahead as we can see. Our political class is drifting into more and more disrepute. We are falling further and further behind other countries. Our politics are getting more and more fractured as the country becomes increasingly deeply divided – both between the regions, the generations and socio-economic groups. What can we do about all these problems? My new book, Economic Growth post Brexit: How the UK should take on the World, published by Bite-Sized Books and available on Amazon and elsewhere, tackles these issues head-on. Here is what we need to do. We need to change our primary economic goal away from chasing inflation down to 2% and to set ourselves a growth target instead. Inflation is largely tamed and the dire consequences of slow growth are a much bigger risk now than slightly more rapid price rises. To get the growth rate up, we need to invest much more in technology, mechanisation and power, which are the main drivers of productivity increases. To do this we need to make it a lot more profitable than it is now to invest in industry in the UK, by making sure that we have a sufficiently competitive exchange rate on a sustained basis as key government and Bank of England policies. To rebalance our economy, we need to get manufacturing back to being around 15% of our national income – not as high as the 20% it is in countries like Germany, Switzerland and Japan, because we are good enough at services to close some of the gap between them and us; but not all of it, because services on their own are too difficult to sell abroad in sufficient quantity. We will never pay our way in the world, or keep up with other countries, or get our living standards up in any other way than manufacturing more goods and selling them all over the world. A huge problem about the way that the Brexit negotiations have been handled is that, ever since the 2016 EU referendum, they have distracted us from thinking about almost anything other than our involvement with the EU. If we are going to make a success of Brexit, this is going to have to change. We need to start thinking hard about how we are going to keep up with the rest of the world by getting the UK growth rate up to somewhere near the 3.5% per annum world average. This is a massive challenge but maybe the national rethink which Brexit ought to be producing will make it happen. It very badly needs to do so.'

[cm44] 30/7/2019 22:07

Rubicon 're216,
How about a well trained Eagle Owl? Lol

[shy tott] 30/7/2019 21:49

OH, Forgot that real potent killer - a spinkle of salt. The stuff they dissolve in water and pump into your viens when you arrive in hospital. Add a load of sugar to the salt water and it becomes a power health isotonic drink.

[maxk] 30/7/2019 21:39

The Danes aint too happy either bob ... rasher futures could take a real hit (uk no1 market)

[shy tott] 30/7/2019 21:38

222

Don't blame you bb, everyone who eats welsh lamb is dead within a few minutes. Add in all the deaths from gm food, fat, carbs, butter, marge, potatoes, meat, milk, polyunsturated something or other, bread, vitamin tabs, fast food, slow food, smoked food, fried food, and it's a wonder we live longer than ever before.