Lloyds Banking Share Discussion Threads

[maxk] 01/8/2019 09:17

Poikka.

If I was sales director, I'd make a better fist of it than the incumbent.

[buywell3] 01/8/2019 09:16

If the Tory Party do not come through

They will be hammered in the next GE

Simple as

[poikka] 01/8/2019 09:07

Bye-election today, boys and girls.

"Boris Johnson faces his first electoral test Thursday as voters go to the polls for the Brecon and Radnorshire by-election. The mid-Wales constituency has traditionally been a toss-up between the Conservatives and the Liberal Democrats. If the Conservatives fail to retain the seat, Johnson's already slim Commons working majority will be cut to just one. The by-election was called following the sacking of Tory MP Chris Davies last month following a recall petition. He was found guilty of submitting a false expenses claim and was later chosen to fight to reclaim his seat by his local party. The Lib Dems are the bookies' favourites and, if she wins, party candidate Jane Dodds would bring the party's total number of MPs to 13."

[poikka] 01/8/2019 09:06

max, you sales director for the Telegraph, m8, trying to encourage us to sign-up for the full articles?

[mr.elbee] 01/8/2019 09:01

Well that's Boris finished then. Farage has been consistent all the time in saying he cant be trusted.

[shy tott] 01/8/2019 08:54

Eu fishing policy

for brits - put your lives at risk and go out in all weathers to catch fish. Dodge french trawlers as they try to ram you. Throw most fish you catch back into the sea dead.

for french - ram uk trawlers.

for spannish - go around the uk coast, catch wtf you want. Bring back endangered species fish in any quantity you like, the inspectors will be on a vino break when you land them.

[smartypants] 01/8/2019 08:52

Spending “your” money like there is no tomorrow??..there is, isn't there?

UK/EU

UK Treasury said total no-deal Brexit fund is now GBP 6.3bln which includes GBP 2.1bln to prepare for a no-deal Brexit.
"is now GBP 6.3bln", how much did they already allocate and spend?

Boris Johnson's Government has put aside more than £2 billion to spend on no-deal Brexit preparations as the October 31 deadline approaches.

The Treasury has now made £6.3 billion available to prepare for Brexit, including £4.2 billion this financial year alone.

“This year alone?”

As part of the new funding, £344 million has been designated for border and customs operations, while £434 million has been earmarked to ensure vital medicines are available.

“to ensure vital medicines are available” was there a chance they might not be??

Supplies of medicines could be hit by disruption in the event of a no-deal Brexit, so mitigation plans include increased freight capacity, warehousing and stockpiling.

A total of £108 million will help to support businesses, while £138 million will find a public information campaign, information for Britons living abroad and support for areas including Northern Ireland.

“£108 million” to support businesses, £138 million to tell them that is all the support they are getting!

Measures include 500 new Border Force officers, support for passport processing, improved infrastructure at ports and extra cash for Operation Brock - the plan to cope with traffic chaos in Kent.

“traffic chaos” who would have thought?

Mr Javid added: "With 92 days until the UK leaves the European Union it's vital that we intensify our planning to ensure we are ready.

Yes, good luck with improving that infrastructure in Kent and around the ports in 92 days.

Shadow chancellor John McDonnell said: "This is an appalling waste of taxpayers' cash, all for the sake of Boris Johnson's drive towards a totally avoidable no-deal. This Government could have ruled out No Deal, and spent these billions on our schools, hospitals, and people.


All this to save an estimated £39bn over 5 years....Lloyds has paid out £20bn in ppi claims

[gretel1921] 01/8/2019 08:37

António Horta-Osório

Good morning, everyone and thank you for joining our 2019 Half Year Results Presentation. I will talk briefly about our performance in the first half of 2019 before Antonio Lorenzo gives you some color on insurance and wealth. We will then hear from George on the financials, and we will have time at the end for questions.

We have delivered strong strategic progress and a good financial performance in the first half with market-leading efficiency and returns. Together, this has enabled the Board to announce an interim dividend of 1.12 pence per share, an increase of 5% on last year. Over the last few years, we have delivered prudent growth in targets segments, while reducing costs and increasing investment in the business.

As we said at Q1, economic uncertainty persists and this is now leading to some additional softness in business confidence, while we also observe some weakening in international market indicators. In this environment, our balanced approach progressing our strategic transformation while being watchful and responsive to short-term risks reminds the right one, and this resilience is reflected in our 2019 guidance.

At the same time, our longer term guidance remains unchanged, although continued economic uncertainty has the potential to further impact the outlook. We remain well placed to continue supporting customers, help Britain Prosper and deliver sustainable and superior returns for our shareholders.

In terms of financial performance, we have delivered a good result with statutory profit after tax of £2.2 billion, a strong return on tangible equity of 11.5% and underlying profit of £4.2 billion. While being selective on growth opportunities has some impact on volumes. The net interest margin remains resilience and is in line with our expectations at 290 basis points.

At the same time costs are down 5% and our market-leading cost to income ratio improved by a further 1.8 percentage points to 45.9% in parallel with increased investments in the business. We are also maintaining our prudent approach to risk with credit quality remains strong and the net asset quality ratio of 26 basis points remaining inside our full-year expectation of less than 30 basis points. Across the business, we have seen a strong performance from insurance and wealth who are running ahead of the strategic plan.

Retail continues to deliver in a tough market and we have seen challenging market conditions in commercial banking. We were disappointed to incur a further PPI charge of £550 million in the second quarter led by a surge in information requests, ahead of the August deadline. However, we have still generated market-leading returns and built 70 basis points of free capital in the first six months despite the 33 basis points impact of PPI and 11 basis points for IFRS 16. This has resulted in a CT1 ratio of 14.0% post dividends and further demonstrates the capital generative nature of our business model.

I will now turn briefly to the UK economy. As I have already mentioned, the economy has remained resilient. Although, we are seeing continued uncertainty, which is leading to some additional softening in business confidence and in international economic indicators.

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[buywell3] 01/8/2019 07:52

--------- US rate cut has clobbered the DJIA -------------

UK markets will not I believe just shrug this off , though I think they were anticipating such an outcome yesterday.

The UK needs a rate rise to combat growing inflationary pressures , hence Boris must get rid of Carney forthwith and install a Brit in his place .

Carney has been proved wrong, wrong, and wrong again with his dire predictions regarding Brexit. He wants England to stay in the EU


The US will IMO cut rates again before xmas and again next year to try to stave off a worsening USA slow down going into 2020 which will become more obvious in coming months as further company numbers get released.

buywell is a great believer in letting the property market be your guide as banks are highly exposed to it.

USA since 2017

----- Foreigners Stop Buying South Florida Homes, Sales Crash 50% ------


Not just Florida either, the US property market drops approx 1 year before the UK property market follows suit. Not many folks know that --- now you do.

Hence I believe pain is on the way and the Tory Government know because they are soon to cut stamp duty to 0% on houses below 500K.


They are NOT doing this for our benefit



It is for the benefit of the Banks and mortgage providers , to try yet once more to prevent a property price correction which is now over 7 years overdue chartwise V past corrections.


New entrants , first time buyers , will be the ones to get shafted once again.

[gbh2] 01/8/2019 07:42

"The directors are the only ones winning it is for sure"

Employees are told companies cannot afford pay increases, share holders are being shafted by poor results and Shorting.

I cannot name a Company in which anyone BUT the Directors are making Money!

[xxxxxy] 01/8/2019 06:56

UK economy is growing fastest out of top 4 EU economies
Latest EU figures show sluggish 0.2% growth for EU27

OBSERVATIONS
Project Fear debunked yet again

In 2016 the Government-backed Project Fear campaign threatened the British people that if they so much as voted Leave there would be an immediate recession, job losses of between 500,000-820,000, and an emergency punitive budget.

This was not a prediction based on what would happen after the UK had left the EU, these were the immediate consequences with which the Cameron-Osborne government, the Treasury, and the Remain campaign threatened the British public if they voted Leave.

Instead, three years after the Referendum the UK economy currently tops the charts of the four major EU economies. Why would we want to stay in a protectionist racket run by foreign interests, which can barely manage 0.2% growth in its latest forecasts?

This was never about economics

One thing which Remain MPs do not seem to understand is that this was never about the economy anyway.

It was about sovereignty, democracy, and taking back control of our lives. It was a rejection of the idea of being ruled by an all-powerful technocracy in Brussels, totally remote from the interests and wishes of ordinary people across the United Kingdom.

Mr Johnson, let’s get this out there

For three years we have had the doom and gloom of a Remainer-led government headed by Theresa May and her miserable Chancellor Philip Hammond. Thank goodness they have gone.

Now we have an upbeat leader in Mr Johnson. There might be significant challenges ahead of us when we finally leave the EU on 31 October, but a little enthusiasm and positive spirit would certainly not go amiss.

We may have some serious concerns about some of the recent statements by Mr Johnson, but for the moment let’s be cheerful. The economy continues to do well despite the uncertainty created by three years of dithering by the worst Prime Minister in living memory.

On this first day of August we see no reason not to shout the positive news about the UK economy from the rooftops. Just imagine what we can do when freed from the shackles of the EU?

Full article

[xxxxxy] 01/8/2019 06:54

A fishing policy kinder to our fish and our fishermen

By JOHNREDWOOD | Published: AUGUST 1, 2019

One of the big wins from leaving will be regaining control of our fishing grounds and seas around us. The Common Fishing Policy has dragged us from net exporter to net importer of fish. It has seen considerable damage done to our fishery by overfishing, with much of the wealth of our seas taken from us to sell elsewhere. The damage has been intensified by the long period when the CFP forced fishermen to throw dead fish back into the sea, increasing the damage done without producing revenue for the industry and food for the consumer.

A domestic fishing policy must abandon the discards policy and insist on all fish caught being landed and sold. There will need to be controls on how much fish can be taken, with species analysis. There are various systems for allowing rewards for effort and regulating days at sea to ensure some sensible control over the fishery, to allow husbanding of fish stocks. The aim of the policy is to catch fewer fish, and land more fish in the UK from UK vessels.

Regaining control of our fishery will also allow us to invest in a range of fish processing industries close to the ports, to add value and create more jobs. It will be one of the big wins from Brexit to gave a fishing policy kinder to our fish and our fishermen and women. We can restore our fisheries whilst enjoying more economic benefit from them. Their sacrifice to get us into the EEC was a disgrace, and their exploitation by the EU gas been environmentally and economically damaging.

[hellscream] 01/8/2019 04:37

it does effect you andyj... where you think the government is gonna look for wealth taxes to pay for it. pension freedoms, ppi are a way of taking money from us, take your blinkers off.

just look at our stockmarket performance in the last 20 years.. free movenment is only good for landlords.

[andyj] 01/8/2019 04:33

Minerve2Your posts across many bulletin boards are inflammatory, offensive and irrelevant. What is causing your desperation to be noticed? It is a rhetorical question.The cause for most of your ilk who haunt these boards trying to get attention is that of bitterness caused by unsustainable losses. Go away and spout your nonsense elsewhere.

[corpbull] 01/8/2019 01:31

SHARE BUY BACK FOR CANCELLATION

DATE SHARES COST AMOUNT
Mar-19 170,980,167 £0.63082 £107,857,823.36
Apr-19 378,095,558 £0.56718 £214,447,540.03
May-19 290,928,034 £0.51575 £150,046,706.99
Jun-19 303,677,736 £0.57627 £175,001,078.72
Jul-19 298,851,848 £0.48968 £146,942,012.15


TOTAL 1,442,533,343 £0.5506 £794,295,161.25

[grahamite2] 01/8/2019 00:31

Poverty means sending your son to school with a turnip with some jam smeared on it for his luncheon. This is within living memory.

It does not mean not having a 50" TV and the latest £1,000 phone.

Oh, hang on a minute, we know nothing, we must ask the experts. Who are they, then? The people whose livelihood depends on having as many people as possible defined as "living in poverty"?

[maxk] 31/7/2019 23:37

Define : poverty ?

[minerve 2] 31/7/2019 23:18

maxk

We know in your deluded world the definition of poverty means you live in a cave.


Why not leave it to the experts, eh?

What was your expertise out of interest? Were you a brickie?

[minerve 2] 31/7/2019 23:17

Great to see that after literally killing people with austerity for 10 years the Tories are now spending that money on something sensible.

LOL

[maxk] 31/7/2019 23:14

Define : poverty