Lloyds Banking Share Discussion Threads

[minerve 2] 14/3/2020 12:50

NMC Health has discovered it has $2.7bn in debt facilities it didn't know about, taking the total debt of the soon-to-be-former FTSE 100 group close to $5bn. Some of that money may have been used for "non-group" purposes. NMC doesn't know exactly how much the debt facilities are, or what they are. This is the company that before Christmas put out a strongly-worded denial that it had held talks to raise €200m in off-balance sheet debt - now it's found it might have almost $3bn. Shares are already suspended. - FT



Unbelievable.

[crossing_the_rubicon] 14/3/2020 12:44

Some reporters are seriously sick and twisted.

At a time when there are some serious issues at hand all some reporters care about are making trump look bad.

Weijia Jiang
@weijia
I asked President Trump if he was being selfish for not getting tested and possibly spreading #Coronavirus to others. He said he would “probably” get one.



No disrespect, ma'am, but the press is pretending like Trump is doing this solely out of arrogance and braggadocio. Sure, that might be one reason. But there's a very sensible reason for Trump to make sure that if he is infected, nobody ever finds out, at least not until much later.

Apparently, this reporter doesn't realize what that headline would do to the retirement savings of millions of Americans. He's not being selfish, he's protecting his base, and all middle-class Americans, really.

Then again, we suspect she might understand this, but the 'selfish' narrative is more politically and editorially convenient.


"I'd go further and say Ms Jiang is a disgusting excuse for a human being"

[crossing_the_rubicon] 14/3/2020 12:42

"mr.elbee14 Mar '20 - 12:12 - 296485 of 296487
and Lagarde's financial and economic qualifications are??
zip"


Fraud in spades. She's overqualified surely?

[maxk] 14/3/2020 12:42

Billiards is a great game, but not flashy enough for the tele.

[patientcapital] 14/3/2020 12:39

Nowt like a good cannon or an in off!

[minerve 2] 14/3/2020 12:34

"Do you play pocket billiards Min?"

I must confess that I'm not an expert, no. LOL

I do like English Billiards though and find it is almost a dead game which is a shame.

[mr.elbee] 14/3/2020 12:12

and Lagarde's financial and economic qualifications are??
zip.

3 mad witches now running Europe..so what do you expect?

with one casual comment Lagarde undid 8 years of Mario Draghi's attempts to make the ECB a viable force in European economics.

[k38] 14/3/2020 12:09

How many times we touch our privates in a day, average..


UK 5
Italy 43 (this explains why they are still in Europe)
France 27
Germany 24
The average for the rest is 20 times a day.

[gotnorolex] 14/3/2020 12:07

Do you play pocket billiards Min?

[minerve 2] 14/3/2020 12:06

"..avoid to touching your private"

Jacko doesn't, nursey does it for him.

LOL

[minerve 2] 14/3/2020 12:04

"Why bears are coming out of hibernation early" - BBC

Erm, let me guess, because they have run out of toilet rolls?

😂

[minerve 2] 14/3/2020 12:00

As far as airlines I need to do some research.....

I'll probably start with Deutsche Lufthansa AG.

[minerve 2] 14/3/2020 11:56

Pawsche

Interesting points. That could be it. TB is on the rise in these places including London.

[xxxxxy] 14/3/2020 11:55

Christine Lagarde has thrown the gauntlet at the feet of eurozone governments, protesting vehemently that European Central Bank cannot be Europe's saviour as Covid-19 devastates the bloc's economy.European bourses nose-dived in a record one-day move after the ECB's new president refused to fire any bazookas or utter the magical words "whatever it takes", showing her steel in what amounts to high-stakes institutional brinkmanship. "The ECB is not here to close bond spreads," she added with almost Teutonic iciness as the bond markets went haywire and the German DAX crashed 12pc, with Italian banks going into dangerous free-fall. htTps://www.telegraph.co.uk/business/2020/03/12/impotent-ecb-sends-global-markets-dangerous-tail-spin-europes/...So very glad we have left the EUSSR. But still stuff to do.

[pawsche] 14/3/2020 11:54

The Italian situation is somewhat odd.. I've read elsewhere that Italy has been undergoing a "quiet" epidemic of tuberculosis. Covid-19 appears to be a relatively mild illness unless combined with other respiratory problems - of which TB is that in spades! Also Wuhan, where the virus seems to have originated, has a very high incidence of TB and other problems, exacerbated by the local atmosphere being almost irrespirable and everyone being heavy smokers.

[minerve 2] 14/3/2020 11:50

Most deaths in Italy are a factor of three things:

Sleeping on the job when it was creating a critical mass undetected.
Italians are the oldest society in Europe.
Infections were massive and concentrated leading to health service overload.


We haven't got any of the three here in the UK.

[minerve 2] 14/3/2020 11:48

The Italian situation will start to recover in about a week IMO.

[pawsche] 14/3/2020 11:41

@careful - 13 Mar '20 - 22:35 - 296453

Talk of 40-50m being infected.
Hard to believe.

Certainly is. Let's look at the success rate of previous pandemic predictions..

"Millions will die" - Predictions versus reality.

Worldwide...
SARS - Predictions of "millions of deaths". Actually 774 (WHO).
Avian (Bird) Flu - WHO prediction of 2 - 150 million deaths. Actual 455 (WHO)
Swine Flu - was actally quite a "bad one". Predicted 7.5 million deaths, actually 284,000 (CDC) or 18,449 (WHO, only laboratory-proven cases quoted).
(CDC figures for the USA alone were 60.8 million cases, 12,469 deaths.)

For the UK...
SARS - 4 cases, zero deaths.
Avian Flu - 75,000 deaths predicted, actual deaths = zero.
Swine Flu - 3,100 - 65,000 deaths predicted, actual deaths = 138 from 540,000 reported cases (0.026%). (NHS).
BSE was going to cause "millions of deaths", actually 178 deaths from NvCJD.

So pardon me for being somewhat cynical, even though at 70+ with a heart condition I'm in the "at risk" bracket.

It worries me that the near-hysterical overreaction of shutting everything down is going to cause massive economic damage for toss-all health improvements.

[maxidi] 14/3/2020 11:31

careful

You seem to love doom and gloom instead of grasping the nettle and thinking more positive. All will be well in the end IMHO and I for one welcomed the drop in LLOY and others as an opportunity to buy for the future.

As for the excess in cars and holidays, well, would you rather live in the back streets of Bulgaria and travel by donkey.

I love having a car and a big telly and all the other luxuries a modern country has to offer. Come on now you must admit you like modern comforts or maybe you covet a donkey cart.

[orchestralis] 14/3/2020 11:18

IAG or EZJ

[minerve 2] 14/3/2020 11:16

Government's current action is the right thing to do IMO. It will however cause problems with other countries including flight bans.

I'm tempted to look at buying an airline. It has to have the best balance sheet of them all and a great percentage of freight in its returns....

Any airline experts amongst us?

[gotnorolex] 14/3/2020 09:53

If you're 40% down, it's too late anyway, if you're portfolio is down to a level where it looks attractive to buy in, then it makes sense to stay put and ride it out.

Saw this somewhere!
"Wash your hands. Ignore the markets. Don’t touch your face. And don’t touch your stocks".

[maxk] 14/3/2020 09:51

Stock up with bog paper .. hurry!