Lloyds Banking Share Discussion Threads

[dbensimon] 09/3/2020 13:13

Plenty of great opportunities now however I agree that in a few weeks time it will be much greater opportunities

[ladeside] 09/3/2020 12:44

Yes, it will get a WHOLE lot worse before it gets any better, that's for sure.

Only an idiot would be investing at this time as "bargains" may appear to be anything but a few days / weeks from now......

[gaffer73] 09/3/2020 12:30

I have done this morning.

[bargainbob] 09/3/2020 12:26

Breakers switched to on .

"Group - the 5% safety system (limit) has kicked in re US markets...

They’ll open further down once pre market trading starts at 13:30"

[xxxxxy] 09/3/2020 12:23

Global markets in free fall due to oil price drop and coronavirus fears. Meanwhile, Chancellor Rishi Sunak prepares a budget that will 'level-up' all regions of the UK.Global markets tank due to oil price cut and virus fear: Global markets saw the biggest drop since the 2008 financial crisis this morning amid coronavirus fears, wiping more than £100 billion off the value of London's top listed companies.Saudi Arabia cut oil prices due to an ongoing row with Russia at a time when coronavirus seriously threatens the economy, causing the worst one day drop in prices since the first Gulf War.Former Bank of England governor Mervyn King has warned that cuts to interest rates will not halt the virus' economic impact and that "it requires much more targeted measures." He also called on the Chancellor RIshi Sunak to look at supporting small businesses that will be affected in the short term.PM calls emergency meeting: Boris Johnson is preparing to call an emergency meeting to discuss what measures can be taken next to tackle the outbreak. With global markets struggling and the potential for a huge increase in cases in the UK over the next week, the Prime Minister will look to limit the virus' impact which could include banning large events and forcing people to work from home. The Chancellor's budget is expected to include a package of measures to help protect the U.K economy, this could mean higher borrowing to help businesses cope.Levelling up across the UK: With Chancellor Rishi Sunak's budget to come out on Wednesday, it is being reported that it will announce a £1 billion deal with telecoms firms in order to boost 4G coverage and end poor mobile phone reception in the rural parts of the UK.Mr Sunak has said "We are committed to levelling up across every region and nation in the UK and that is why we are making the largest ever public investment into broadband." and that it will "boost growth and prosperity across the country."Fishing industry need more protection: The fishing industry continues to be the source of negotiation conflict with the EU. Luke Pollard MP has raised concerns over how the lack of clarity will disproportionately affect the shellfish industry because 80% of all the shellfish caught in the UK is exported to the EU. This specific sector of the fishing industry could struggle if a deal is not made and there is no longer frictionless trade with the bloc.The MP for Plymouth Sutton and Devonport argues that the industry is ill prepared for no-deal and that it "needs to change if this industry is not to suffer from a hurried and uncertain Brexit." UK on top in tech: The UK tech sector is booming and home to world-leading companies that are seeing huge growth within the industry. In 2019 "venture capital investment in the UK leapt by 44%, outstripping the growth in the rate of investment of the two tech superpowers, the US and China," As we leave the EU and open ourselves up to the rest of the world, we are in the perfect position to expand our trading relation in the technology sector.On our site today: Writing for us today is award-winning author and Conservative peer, Matt Ridley. He argues that the government's energy policy could "not only make us uncompetitive, but also, like all the other corrupt and inefficient command economies before us, very, very dirty."We also have an article on the future of global British trade from Theodore Yarbrough, co-founder and editor of the Daily Globe, who argues that with the UK taking its independent seat at the WTO, the UK should look to strike up trade deals with the Commonwealth.Finally we have our first part of video coverage of the EU Negotiations Seminar that took place on Friday and was chaired by Sir John Redwood MP. You can watch the video here.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[bargainbob] 09/3/2020 12:01

Level 42 the meaning of life

[adyfc] 09/3/2020 11:52

Who's getting bailed out right now.? Deutsche bank? All these banks leveraged to the hill. Mass default on loans coming.

[malcolmmm] 09/3/2020 11:51

US stocks were well overvalued and still are. I expect a 30-50% correction from here which is healthy for toppy markets.

[ekuuleus] 09/3/2020 11:50

You want to put so.e money on that gaffer?

[gaffer73] 09/3/2020 11:46

8b profit, company now valued at 30b. Great value at current prices. Barring a complete meltdown of the financial institutions this will never hit 20p.

[minerve 2] 09/3/2020 11:44

Listen guys if you are looking for something that yields well with economies of scale currently yielding over 7% then consider this:

Phoenix Group announces strong results and new cash generation target. ReAssure acquisition on track to complete mid-2020.

Phoenix Group, Europe's largest life and pensions consolidator1, announces strong results for the year ended 31 December 2019.



Financial highlights

· Strong cash generation2 of £707 million in 2019 (2018: £664 million) exceeding the upper end of its cash generation target range of £600 million - £700 million3 for the year.

· Solvency II surplus of £3.1 billion4 as at 31 December 2019 (£3.2 billion5 as at 31 December 2018).

· Shareholder Capital Coverage Ratio of 161%4,6 as at 31 December 2019 (167%5 as at 31 December 2018) demonstrating continued resilience.

· Group operating profit of £810 million in 2019 (2018: £708 million).

· Proposed final dividend of 23.4p per share (2018 final dividend: 23.4p per share) with 2019 full year dividend of 46.8p per share (2018 full year dividend7: 46.0p per share).

· New business in 2019 enhances the sustainability of our dividend by delivering £475 million of incremental long-term cash generation:

· £240 million from UK Open and Europe businesses (2018 pro forma8: £280 million); and

· £235 million from bulk purchase annuities (2018: £250 million).

· Assets under administration of £248 billion as at 31 December 2019 (£226 billion as at 31 December 2018).

· Fitch Ratings affirmed the Group's rating as A+9; "positive" outlook. Leverage ratio10 of 22% as at 31 December 2019 (22% as at 31 December 2018).

[minerve 2] 09/3/2020 11:39

mikemicheal2

One holding has hardly changed.
Loads at c3% down
Loads at c5% down
One at c13% down.



But I'm LOVING IT!

I hope it drops further when the US market opens.

[high value chips] 09/3/2020 11:37

Take the top price of LLOYDS at 67p, then minus up to 70% for the rehab period of the toxic too big to fail banks, then wait at least 5 years to get your pound!..ie
Beware price.. might achieve 20.10p then get your multi baggers, if you can wait!

No bargains yet chaps!

Cheers

[qantas] 09/3/2020 11:36

Manics and his ferrile mates may like this offer to make some money.



Please do your own research as always.

[ekuuleus] 09/3/2020 11:30

Chqncer loans do die with you even if companies generally get paid. Mortgages survive your death - that's literally what the word means and why there is a different name for it.

[high value chips] 09/3/2020 11:23

Toilet rolls are being priced in ebay for £20+ ! WTF! LOLOLOLOL!

Goes to show one cant even wipe ones bottom with fiat currency any more!...tooo much plastics!

Invest in toilet roll manufacturers? LOLOL!


Cheers

[mikemichael2] 09/3/2020 11:20

How much you down today Minerve, i need a laugh.

[maxidi] 09/3/2020 11:15

The labour/SNP benches also have a large amount of quite ugly people as well!

[gotnorolex] 09/3/2020 11:08

maxk is this what you mean? LOL!

[mr.elbee] 09/3/2020 11:08

3,I think xxxxy

[xxxxxy] 09/3/2020 11:05

How many have died of coronavirus virus in the UK. Just asking.

[gaffer73] 09/3/2020 11:05

No need to cut imo. Nothing has changed yet but your probably right and he'll follow the US