Lloyds Banking Share Discussion Threads

[careful] 26/8/2019 19:15

Germany are being hit from all sides.

USA getting tough, China slowing, No deal Brexit possible.

[xxxxxy] 26/8/2019 19:14

Boycott goods and product of the EUSSR. Particularly target Germany

[xxxxxy] 26/8/2019 19:13

Tom Armstrong 26 Aug 2019 1:21PMThe problem for Germany is that this is not a temporary downturn - it's almost certainly permanant.  Germany has an old fashioned, largely mid-tech metal-bashing economy that is now facing what is probably a perfect storm.Much of what it produces is not really that good, unreliable and easily replicable.  China is now doing just that, often now producing better, more reliable products more cheaply.  Germany has relied heavily on China, but those days are fading.At one time most cars you saw on Chinese roads were German.  That is no longer the case.  You see many other brands, and the luxury car of choice is now a Range Rover.  Chinese brand cars are now very good and taking an increasing share of the market.Also, across the world, people are disgusted at the cheating of emissions and mileage, and are therefore boycotting German cars.Germany is also increasingly seen as a parasite on the world economy and is attracting increasing dislike, within and without the EU.  Again, many folk are boycotting German goods - and powerful folk like Trump are looking closely at Germany, including its refusal to spend money on its own defence.Together with the tensions in German society, I just cannot see it maintaining the status it has enjoyed over the last 20 years or so.

[careful] 26/8/2019 19:12

My big fear in the upcoming election is Corbyn or any coalition led by him.

I will be forced to vote Tory under all circumstances.

[careful] 26/8/2019 19:09

Interesting at the G7 meetings.
Everyone is talking about trade deals.

The EU. are talking to America about a mega trade deal. The previous largest trade deal was between the EU. Japan and other Asian countries.

I hope post Brexit we do not get squeezed by the mighty trading blocks, EU. America, China.
The big 3. About $20 TR. GDP each.

Are we going to be pushed around by the giants?

(We have been talking to Australia)

[maxk] 26/8/2019 19:08

Out, free of all €uropean laws and influence, restoration of UK gov supremacy.

Quite simply really. The details come afterward.

[careful] 26/8/2019 19:02

Your definition of leaving 'properly' needs to be clarified.

[maxk] 26/8/2019 18:56

No October election, that is in Boris's gift. November maybe.


Any election whilst still in = guaranteed death for the tory party.

Election after leaving properly = guaranteed win for the tory's.



Which would you choose if you were Boris?

[careful] 26/8/2019 18:44

Is the Trump connection going to be a vote winner for the Tories in the upcoming election?

I am not so sure.

Boris has had a kind press over the summer, but the mood will quickly change when parliament meets.

Looks like an October election is possible.

[maxk] 26/8/2019 18:27

Donald Trump 'waited six years' for Boris Johnson to become Prime Minister







Danielle Sheridan, political correspondent
26 AUGUST 2019 • 5:05PM


Donald Trump said he waited "six years" for Boris Johnson to become Prime Minister as he declared his love for the UK.

As the G7 Summit of world leaders comes to a close, Mr Trump told a press conference that he thought Mr Johnson "was a very good Prime Minister" as he confirmed the two "like each other".

"I’ve been waiting for him to be Prime Minister for about six years," he said.

"I told him 'what took you so long?'"

"I think he’s going to be a good Prime Minister and especially after spending a lot of intense time with him over the last few days, he’s very strong and very smart.

"He really loves your country."

[sentimentrules] 26/8/2019 18:17

Bargain Bob I've never posted a negative post in my life. I'm either a positive bull or positive bear. Never negative

[sentimentrules] 26/8/2019 18:16

He sees me alright.. .don't ya Freddie ...

[lippy4] 26/8/2019 18:12

mikemicheal2

i want to eat the chicken today not tomorrow,your guests must have died of starvation waiting for the food...

[bargainbob] 26/8/2019 18:10

Sentiment Rules he cannot see you as he has filtered your negativity 😂

[sentimentrules] 26/8/2019 18:00

Freddie that was nearly as enlightening as bargain bobs posts

[freddie01] 26/8/2019 17:48

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[sentimentrules] 26/8/2019 17:11

Keifer align research only do reports on what they hold...no bias there then..........

[keifer_1] 26/8/2019 17:08

Buy metro bank after another 100p+ off.I remember Align research bullish on Gulfsands petroleum, what happened to them? Just wondering.

[cantrememberthis2] 26/8/2019 16:06

Align Research
Now this one really does illustrate the schizophrenic nature of investors as a herd. Only just over 2 months ago investors were clamouring over themselves to buy shares in a placing at 500p per share (that was itself upsized such was the demand). In the end, a gross £375m was raised. Set this against the current market cap of just over £500m and stock price of less than £3 and it seems that “Mr Market” now believes that the ex cap raising operations of the bank are now worth just £125m. Nonsense we say.

The book value of the bank is approx £1.7bn and thus as at Friday’s close one can now buy these assets for less than 0.3 times book value. These types of valuations are generally seen in the teeth of a major recession where bad and non performing loans run to 10-15% of the book. Metro’s current position is far, far removed from this. Indeed, NPL’s at the half year stage were just 0.17% – one of the lowest ratios of all the listed banks. In fact, the most recent results per HERE painted a pretty robust picture going forward with intended expansion into the Northern heartlands of England and reaffirmation of medium term guidance.

Some commentators have lamented the absence of recent Directors buying yet ignore the large participation by the BoD at 500p in May including a £2.5m ticket from Chairman Vernon Hill. At this price and with a gilded shareholder register that includes such eponymous billionaires as Steve Cohen and Michael Bloomberg I cannot believe that they are not seriously looking at the metrics of taking this private. I certainly would be in their shoes if I had their pocket depth.

The current year PE we also argue is a misnomer given write downs on the loan book. With deposits once again on the growth tack we see continued lending expansion and that 2020 profits will make this years’ PE seem anomalous.

The bank’s Tier (1) ratio at 15.8% is extremely robust and following the recent capital raise illustrates to us that Metro is more than able to withstand any Brexit No Deal turbulence (which, by the way we see as being completely overblown – akin to the Y2K worries that proved a non event at the turn of the millennium). With the likes of Crispin Odey short here, during the summer doldrums the short pack have been able to make hay. We expect this period is now coming to and end (as with the real hay making period!) as the swing to the value end of the spectrum has become extreme. Our first target here is 500p back to the placing price and as with the price move in late May post the placing that took the stock up to near 900p from the mid 4’s in the preceding weeks, we expect the rally to be extremely sharp. Buy.

[maxk] 26/8/2019 16:00

UK-Australia trade deal could be done within a year, Scott Morrison says



Edward Malnick, sunday political editor, biarritz
26 AUGUST 2019 • 3:16PM



The Australian Prime Minister has said a UK-Australia trade deal could be done within a year.

Responding to Boris Johnson's indication that an equivalent post-Brexit agreement with the US could take more than a year, Scott Morrison told reporters: "I would like to think we can move quicker than that.

“You've just got to get round the table and work it through. I'm not going to create any arbitrary deadlines on this."

Speaking after the two leaders met at the G7 summit in Biarritz, he suggested a move to "lock in what we can lock in and get that moving and I think that will create momentum for the UK for arrangements with Australia and others to be concluded quickly".

[mikemichael2] 26/8/2019 13:59

I barbecue quite often and cooking a chicken is a doddle, you can cook with the vents set right quite easily for 5 or 6 hours on one lot of charcoal.