Lloyds Banking Share Discussion Threads

[k38] 26/3/2020 21:09

So, in your opinion, wasn't the sh#t they end up (Halifax) but because of the "haters EU" said so...God help us all.

[diku] 26/3/2020 21:02

The Bank of England has warned over a “very sharp” hit to the economy from coronavirus and the potential for long-term damage, but said it stands ready to take further action to combat the fallout.

Members of the Bank’s nine-strong Monetary Policy Committee (MPC) voted unanimously at their scheduled meeting to keep rates at 0.1% after recent emergency action took borrowing costs down to the new all-time record low.

They also voted to keep the quantitative easing (QE) at £645 billion after last week unleashing another £200 billion.

In minutes of the MPC meeting, the Bank said the economic impact of the Covid-19 pandemic was “becoming more apparent” and that the risks of businesses going bust and laying off staff could leave the UK nursing long-lasting scars.

[k38] 26/3/2020 20:59

No one knows what the business will look like in a year from now!.Risking your finances are more than embarrassing.. they call it bad management and we all know what happens in 2008.. Lloyds haven't paid divi after the Halifax fiasco..no one died from it.. if they made an announcemen just for one year because of the virus, like all other business did, that's no failure.

[diku] 26/3/2020 20:41

FTSE spikes up at the closing bell and so does Dow...it has been happening lately...

[tempted] 26/3/2020 20:24

The thought of stimulus has massaged the DOW to +6.5%, impressive considering its the third day running!
Nice touch those clapping the NHS...

[smartypants] 26/3/2020 20:21

Daddy Warbucks
It's simple
Sell all your LLOY shares
If your average is in the 33p range then you are 4p up (ish)
If tax is due..pay it
You still gain more than the div and hold no more risk of your capitol investment loosing its value
Buy cheap sell higher...
Got it?

[k38] 26/3/2020 20:17

In my opinion, you fool, any company pays dividends in times like this they taking risks. I would have more confidence in them for the future if they had or will cancel their dividends.

[gaffer73] 26/3/2020 20:16

No problem. The only way to avoid tax is a SIPP or ISA I'm afraid, or gifts if you are feeling generous.

[k38] 26/3/2020 20:14

With all the respects I am not going to argue with you but you are one way investor and no idea how the shares react different times and to others.Buy and sell definitely is not for you!Keep it that way.

[k38] 26/3/2020 20:08

Stonedyou Indeed I said and I say again, I am not interested in dividends. If I get that's fine too.NOW...You just prove my point you fool.. do you know the low price of Lloyds before start moving forward? If you do read my post again.."Well,my advice to you all is put order around 28p to 29p low.. because it's comin and will not stay there for long.."

[stewart19] 26/3/2020 20:06

post 298180...jacko, why don't you just filter the idiot, however I would have given you two ticks if I could.

[maxk] 26/3/2020 20:04

Lots of people out on the doorstep clapping for the NHS :-)

[daddy warbucks] 26/3/2020 19:56

Thanks gaffer73.

[daddy warbucks] 26/3/2020 19:55

Ignoble. Thanks for the heads up. I have checked the Lloyds website and found the following."What is the DRIP?The DRIP is a low cost way to use your dividend payments from the Company to purchase additional shares, enabling you to increase your shareholding in a convenient and cost-effective manner.The DRIP is administered by Equiniti Financial Services Limited ('Equiniti FS'). If you choose to join the DRIP, Equiniti FS will use your cash dividendto purchase shares on your behalf in the marketas soon as practicable after the relevant dividend payment date. Fees and charges are located inthe DRIP Terms and Conditions, further detailsof which are provided below.For tax purposes, you are treated as if you had received the whole of your dividend in cash and bought the shares yourself."So it looks like I will be liable. Thanks to both of you anyway.

[k38] 26/3/2020 19:55

And stonedyou This is not over by any means.. Lloyds will need a lot of cash. Don't be surprise if you see once again the 34p or even 32p very soon .