Lloyds Banking Share Discussion Threads

[mikemichael2] 26/2/2020 08:36

Apparently i'm a plumber, and hopeless at investing according to min. Good Jacko/Min game last night. I'm going for 10.25 for his first post when, 'he has risen'

[338] 26/2/2020 08:31

Bargain Bob,
Yes Metro is small but similar bad loans may have happened in other banks

[338] 26/2/2020 08:27

Lower revenue from Lloyd's credit card from travellers

[338] 26/2/2020 08:26

Coronavirus: Mastercard cuts revenue outlook on travel and commerce virus hit –

It can be massive, perhaps in billions of US Dollar

[bargainbob] 26/2/2020 08:20

338 not really a huge loss for a relatively new company , trying to gain traction . Metro will be taken over relatively quickly .

[chucko1] 26/2/2020 08:13

Metro is a case apart. Indicates little for the sector.

[338] 26/2/2020 08:08

Banking sector does not look good at the moment, I think

[338] 26/2/2020 08:07

Metro Bank (MTRO.L) swung to a huge loss last year as it battled a loan miscalculation fiasco that upended the business.

Metro Bank said on Wednesday it made a loss of £130.8m last year, compared to a profit of £40.6m in 2018.

[xxxxxy] 26/2/2020 06:29

Fighting recessionBy JOHNREDWOOD | Published: FEBRUARY 26, 2020Much of the world is in recession fighting mode. They need to be so, because the advent of the corona virus and the severe responses to it by governments makes recession more likely without action.The virus has hit international travel and tourism hard, has disrupted Chinese output, slashed the demand for oil and other raw materials, brought freight rates well down and is now disrupting supply chains around the world. It has damaged confidence, and led to investments and orders being put off. Japan had a sharp fall in GDP last quarter thanks to a tax rise, whilst Germany is struggling to grow at all thanks to the anti car policies being followed.This week the Stock markets of the world have suddenly woken up to the threat that comes from these events. For the first month of serious virus news gold, oil and bonds signalled trouble ahead, and share markets decided it would be short lived and they could look through it. Now they are not so sure.What can governments and Central Banks do? They can take offsetting action to promote more economic activity, and provide more money to offset cash shortfalls by businesses hit by interruptions to their production and sales.Taiwan has announced a stimulatory package. China has produced some tax cuts and bank lending at low rates. The Fed, the Peoples Bank of China, the ECB and the Bank of Japan have all put money into markets in various ways to increase liquidity and available funds. China has started to cut interest rates. So far the UK has taken no action to help.These moves will ease some of the worst features of a slowdown brought on by the virus, but do not deal with the root cause. The best way out is to turn the tide in the battle against the virus by a combination of treatments, vaccinations and reducing the spread. That is not easy and we all wish them well in doing so.As China is discovering, if you go in for lock down and isolation of whole cities after cases have been found you do not stop the spread as some people will already have carried it out of the area, but you do considerable damage to output and activity.

[jacko07] 25/2/2020 23:47

Max...We know Minnie is a lush, he doesn't hide it. He needs treatment for psychological problems that the booze exacerbates.

Minerve, the American sub prime crash was caused by greedy financiars and stupid people who borrowed and had no way of repaying the money, they certainly weren't borrowing to pay the electric. The Dodd Frank regulations were brought in to stop it happening again. Watch the 'Big Short' anyone who is interested.

Trump is trying to repeal Dodd Frank and ease all the regulations that enabled the crash to happen.

We may just be seeing the start of a crash, if these falls surpass 12%, a crash is occurring.

Tomorrow is a new day, Lloyds 75p this year fill your boots at these prices, MS will be stopped opening a bank in the UK, but they can take a stake in Lloyds, which is a profitable company, free from PPI and been through much worse times than these. On my calculations, with the Divi, these Lloyds shares are 50p, in real terms that is a super long term bargain.

[minerve 2] 25/2/2020 23:14

Of course, we all know the answer. So I suggest you shut up Jacko.

Of course, if the Tories and Thatcher hadn't existed we wouldn't follow the path of the United States and have a need for the whole sub-prime sector.

[minerve 2] 25/2/2020 23:12

Jacko07

Answer the question:

Where will they get the money from to buy the food and heat their house if PFG did not offer sub-prime lending?

Come on, where?

[jacko07] 25/2/2020 23:06

Pray tell, where would a poor person get money from to put credit into the energy meter to heat their home if PFG wasn't there to provide sub-prime lending?
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I am afraid that Provident Financial have a bad name, they have systematically caused stress and ill health to the poor. Very sad that you say it is fine to charge people loan shark interest rates to eat or keep warm.

The utility companies charge the poor a premium to start with, Provident then charge them sky high rates to lend them money in order to pay dividends to monumental hypocrites who blame Boris Johnson for all ails. Johnson didn't create austerity, years of a Labour government's handouts to 6 million immigrants may have had a hand in it. Remember the note at the treasury left by Labour's Liam Byrne, 'the moneys all gone' ha ha.

The recent boss of Provident aptly named Peter Crook, his pic is in the link below, is what I imagine Minerve looks like. If anyone agrees that Minerve is a hypocrite, tick up.

[minerve 2] 25/2/2020 22:41

Come on Master, put your willy away and tell me.

[minerve 2] 25/2/2020 22:41

No Jacko, that will not do.

I want to know your reasons for holding ITV.

[jacko07] 25/2/2020 22:37

Crispin Odey loves ITV.

[jacko07] 25/2/2020 22:36

Liberty love ITV.

[jacko07] 25/2/2020 22:36

Jeff Bezos loves ITV.

[jacko07] 25/2/2020 22:34

Yes, ITV have been brilliant, just sold 200 contracts of the 140p puts today, that's 250k shares to an ignorant mutt like you.

Also PUTS and CALLS across the FTSE matey boy!! but then I hedge, you think hedging is that green leafy 6ft long strip between you and the terraced 2 bed next door, the thing the council keep asking you to trim!!

ROFLMAO

[minerve 2] 25/2/2020 22:32

Jacko07

Pray tell, where would a poor person get money from to put credit into the energy meter to heat their home if PFG wasn't there to provide sub-prime lending?

I guess you would recommend one of your loan shark mates.

You are a nutter Jacko, do you ever actually think these things through? 😏

[jacko07] 25/2/2020 22:27

Jacko07

You are just a sad loser. You can't win on truths. Just Like Boris - all lies and spin. You are only letting yourself down in self-denial. The same issues you had right back in school which resulted in you having no other choice but to go and sell motors at the local second-hand Hillman dealership.
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I was a car dealer in the same vane as Donald Stokes, or David Wickins, probably did have several thousand Hillman's sold over the early years. But the Hillman ceased being just about the time Jim Callaghan was PM in the 70's. Those are the days that you and your lefty rabble want back.

Just like your investment knowledge, your knowledge on cars is just like an old Minx, bloody rusty!!

Now go and repent on your sins, a man who invests in campanies who prey on the poor and disabled.

[minerve 2] 25/2/2020 22:22

New Tory MP apologises after video of him flashing genitals to women in pub emerges

James Grundy, who exposed himself in a pub in 2007, said he was sorry for 'any offence caused'





Nice bunch the new Tory MPs, eh?

Yeah, he is sorry now. LOL

[patientcapital] 25/2/2020 22:07

Only a matter of time before the EU has to suspend the Schengen Agreement.