Lloyds Banking Share Discussion Threads

[mr.elbee] 27/3/2020 09:59

from the ft..challenging the currently accepted very negative Ferguson /Imperial model..WITH WRONG NUMBERS[ Ferguson has just admitted this]
"But the Oxford results would mean the country had already acquired substantial herd immunity through the unrecognised spread of Covid-19 over more than two months. If the findings are confirmed by testing, then the current restrictions could be removed much sooner than ministers have indicated.

Although some experts have shed doubt on the strength and length of the human immune response to the virus, Prof Gupta said the emerging evidence made her confident that humanity would build up herd immunity against Covid-19.

To provide the necessary evidence, the Oxford group is working with colleagues at the Universities of Cambridge and Kent to start antibody testing on the general population as soon as possible, using specialised “neutralisation assays which provide reliable readout of protective immunity,” Prof Gupta said. They hope to start testing later this week and obtain preliminary results within a few days."

a bit of hope,eh?

But Darth Vader and his dark socialist medical pals will not like this at all.

[polar fox] 27/3/2020 09:48

You got it, maxk, on the other one. It's like dealing with squabbling kids, many of whom lie repeatedly!

[maxk] 27/3/2020 09:31

How will we get by without them?

[daddy warbucks] 27/3/2020 09:24

Just to add, I have been looking on the web this morning and the following link is quite helpful.https://www.gov.uk/tax-on-dividends

[daddy warbucks] 27/3/2020 09:20

Thanks optimistic.I have been very lucky over the years not having to do a self assessment for my tax, but I realise that will change next year.Although I have dabbled in shares, most of the time it was with disastrous result on AIM companies, hoping to make a quick killing and losing money in the process.These investments are for my children's inheritance and so I have monitored Lloyds for some time. I thought as it reached 50p, that it was becoming a good candidate, but with the C virus, I was lucky that I held off.These are not easy times for anyone, so I wish everyone good health and good fortune for the months ahead.

[pierre oreilly] 27/3/2020 09:10

Reporter asked Harry if he was dominated by Meghan. She replied that he wasn't.

[optomistic] 27/3/2020 08:57

DW, if you need any detailed answers to CGT in your future affairs then this thread is the place to go. Gengulphous is nothing short of an encyclopedia of information and he freely gives very detailed assistance where requested.
Regards and good luck
opto




CAPITAL GAINS TAX - with links to resources CGT Gengulphus

[smartypants] 27/3/2020 08:41

8160... good advice
Just be sure you know who the real idiots are on the thread
You might spot them smiling and waving at you!

[imjustdandy] 27/3/2020 08:37

Housing crash coming. Lloyd's exposed big time

[maxk] 27/3/2020 08:16

Government suspends housing market as banks withdraw hundreds of mortgages from sale
Lenders have been overwhelmed with requests for mortgage payment holidays

By
Adam Williams
26 March 2020 • 10:12pm





The housing market was halted on Thursday night by the Government after financial institutions said they could no longer operate properly.

Ministers are discouraging buyers from going ahead with house sales and purchases unless they have ­already exchanged contracts as part of wider efforts to slow the spread of the coronavirus, saying no one should move unless absolutely necessary. ­

Britain’s biggest banks have already pulled hundreds of mortgages from the market, as experts warned that they are being overwhelmed by homeowners with unnecessary demands for payment holidays.

[mitchy] 27/3/2020 07:55

There is always a bounce in a bear market and we've just seen it. Now comes the next drop. Ford are close to folding as are so many other companies.The stimulus packages are a band aid to what is to come. All in my very humble opinion. I'm not taking this chance to unload as I might be wrong. The boffins seem to be finding treatments every day but is a cure going to come to late for the likes of Ford?Scary (fun) times.Good Luck.

[wllmherk] 27/3/2020 07:46

I'm with Halifax, a bit of a faff to set up but no issues thereafter.

wllm

Unfortunately, there are a few idiots around Daddy W :)

[gbh2] 27/3/2020 07:39

Of course your next problem is which Share dealing ISA is the best, good luck.

[daddy warbucks] 27/3/2020 07:21

To all the genuine people, thank you for your help and advice re the tax situation.For others, I will take your advice and .....you off. Bad manners should always be filtered.

[xxxxxy] 27/3/2020 07:13

Cash shortagesBy JOHNREDWOOD | Published: MARCH 27, 2020Many self employed are worried that their business has dried up, removing their income. Many small companies are concerned that they have been closed down temporarily for an unspecified time period but still have to pay rent, other overheads and employees pay. They welcomed the government pledge to pay 80% of the wage bill up to a ceiling, but still have to wait for the scheme to deliver them some cash.So what do they do? They will turn to the banks. On Wednesday the Chancellor and Governor of the Bank of England wrote to all the banks, reminding them of the  various schemes set out to allow more lending to business. They told them to "take all action necessary to ensure the benefits of these measures outlined above are passed through to business and consumers".That's fine advice,  but the banks have to operate within the rules of the schemes and within the confines of the Regulatory system that governs them. As the lending to  business schemes offer a government guarantee of 80% of the loan, the banks still need to take care with the 20% they could lose. As the scheme says the banks need to reclaim personal guarantees and cash in collateral assets before claiming losses under the scheme, banks will obviously feel the need to apply some  criteria about collateral and future cashflow projections when making the loans.There will be difficult judgements for banks to make. How much of a business case can they expect from a company that has lost all its turnover and does not know when it will trade again? How much of a personal guarantee or pledged asset can they require, when this lending is for an extraordinary purpose, a temporary collapse of revenue, which is not about to be reinstated but will be permanently lost?Banks still have to keep capital buffers and ensure the future solvency of their businesses, so have to keep an eye on the possible loss rate on this type of lending. Meanwhile the companies suffering from the shock of no money coming in are not that keen on a loan as they wish to avoid becoming heavily indebted for past losses that cannot be easily replaced.The self employed need the money they would be earning to pay their domestic bills as well as meet their business commitments. The scheme outlined yesterday helps a bit, but leaves higher earners very short of cash though they may well have commitments commensurate with their normal earnings level. All this points to one inescapable conclusion. If this cessation of activity continues for too long there will  be a lot of lost businesses and considerable longer term economic damage. In the short term the government has not done enough to avoid redundancies and the loss of some small businesses.

[thekida] 27/3/2020 04:39

Dow surged yesterday, Footsie did well, I wonder if we get another BLUE day today?
London getting hammered with the coronavirus so i`d avoid going there.
Can`t see Lloyds dumping the dividend as some think.

TK

[crossing_the_rubicon] 27/3/2020 00:31

Not closing the borders from Virus hit countries is sodding lunacy.
What is even more crazy is no testing of any of people arriving from those countries either!!!

Utter shambles.

[maxk] 26/3/2020 23:51

Who is Boris working for?



Priti Patel in row with Boris Johnson over closing Britain’s borders to keep coronavirus at bay

Downing Street said there were “no plans” to stop flights from countries blighted by coronavirus


By
Gordon Rayner,
POLITICAL EDITOR
26 March 2020 • 10:12pm







Boris Johnson and Priti Patel were embroiled in a row over closing Britain’s borders as the Prime Minister refused a plea from the Home Secretary to stop flights to the UK.

Ms Patel tried to build a coalition of senior Cabinet ministers to put the case to Downing Street, only for Number 10 to state publicly that there were “no plans” to stop flights from countries blighted by coronavirus, including Iran and the US.

Mr Johnson was angry that Home Office discussions of a border lockdown - disclosed in the Daily Telegraph - had been made public, according to Whitehall sources.

Ms Patel is understood to have wanted to raise the issue in one of the daily meetings of Cabinet sub-committees, arguing that Border Force, which is overseen by the Home Office, would be able to use existing immigration rules to stop flights on the basis that they would not be “conducive to the public good”....

[smartypants] 26/3/2020 23:17

Daddy Warbucks
Great...so
If thats your plan why are you posting any thing on here
Log off, switch off, and...........off

[diku] 26/3/2020 22:30

USA not only has the most reported virus cases in the World but unemployment jumped and Dow goes up...bad news is good news again...

[gaffer73] 26/3/2020 22:13

You've bought at a good price anyway. Very little downside and plenty of up imo.

[daddy warbucks] 26/3/2020 22:09

I am hoping that my investments will grow so that my children can benefit from them, when I've gone.There is no point holding cash in a building society when you get very little back.Yes we are in uncertain times and the Lloyd's share price could go down, but overall I am hoping for it to increase substantially over the coming years.. A 10% dividend yield is much better than I could get anywhere else.

[smartypants] 26/3/2020 21:44

USA now has the most reported virus cases in the world
100k cases by weekend
US indices up 6%?