Lloyds Banking Share Discussion Threads

[montyhedge] 31/3/2020 14:54

I have been to China, bamboo rats are a favourite in the countryside, don't forget 40 years ago the greeting in China was, Hello how are you, have you eaten today, that's why they eat anything.

[smartypants] 31/3/2020 14:49

Goldman Economists lowers US Q1 real GDP forcast from -6% to -9%
Lowers Q2 GDP forcast from -24% to -34%
Revises midterm unemployment rate forcast to 15% from 9%

[smartie6] 31/3/2020 14:45

Love thy neighbour. Better to love thy neighbours wife and screw them over before they screw over you.

[smartie6] 31/3/2020 14:42

They just don’t care.
I have tens of examples where although people are in the wrong they would argue black is white just to maintain their self interests.

[mikeran] 31/3/2020 14:40

ARE we throughout living in that civilised society you talk about or has it got worse? As you get older you see more of the two ways forward and that comment " do unto others etc " becomes applicable to one side, who like today will lie to you and attempt to seek only self interest . Gosh the world of Finance and politics breeds many who fall into that category .how do they all live with themselves ?

[sikhthetech] 31/3/2020 14:36

Utlinv,

"Gov are going to pay people 80% of salaries to sit at home."

No they're not.
They are paying employers 80% of staff salary to retain the member of staff..

The staff member should still get 100% of salary.

[smartie6] 31/3/2020 14:32

People are scum. The majority self interested.
Society no longer cares about others, I have experienced this time and time again.
The majority are selfish fkrs.
Don’t let anyone kid you.

[utyinv] 31/3/2020 14:23

Smartie6,

You post you have stopped caring about other people....

So what about the doctors who one day might save your life preventing a premature death. What about the care you will need from people?
Humans need others. A civilised society looks after the young, aged and infirm. Most of us will be old one day needing care from others.

Don’t you have a conscience?

[utrickytrees] 31/3/2020 14:23

M2 rubbish, I am able to operate in exactly the same way as I was before China virus except I cant go to the boozer a couple of times a week the reason is because I dont live cheek by jowl with people in a Metropolitan area, the only difference is that the police are now hassling me for not buying hardtack & powdered milk & eggs.

[gaffer73] 31/3/2020 14:18

Excellent post.

[smartie6] 31/3/2020 14:15

No.
Stopped caring about other people. Do to others before the do unto you.
Great motto.

[utyinv] 31/3/2020 14:11

Monty

Preserve cash? For whom?

New mortgages canned for now.

Gov are going to pay people 80% of salaries to sit at home. That 80% is to be used to pay bills, mortgages, energy bills, food etc. Can’t go on holiday or go out to restaurants, cinema’s or holidays, so they might even be quids in!

Banks are private businesses. They have paid back every penny owed to the Gov with interest. Banks owe no one anything.

Maybe people will start to realise that they have taken too much for granted, bigger cars, bigger houses, holidays etc. When we were small a trip to the seaside was luxury, many used to walk to school. When there was a bus strike in Leeds during the early 70’s many students used to walk 8-10 miles to attend school. How many would do that today? Even with 80% of salaries they will be able to maintain the obligation of paying bills despite mortgage holidays.

Spare a thought for many pensioners on measly pensions with little or no return on investments. Fortunately, I am not one of them but we need to look at the bigger picture. Spare also a thought for businesses that have taken a lifetime to build. Yes the Gov will give them grants and loans and those loans will be administered through the banks but the Gov must put that money in first.

When all this is over, there will be a reckoning and we all will pay for it, through higher taxes and NI, higher duty, indirect taxes etc etc. I imagine there will also be mass inflation through the printing of money and the lack of goods that haven’t been manufactured ( supply and demand).

Many people will recover but many pensioners without index linked pensions will be the casualties too.

[gwatson56] 31/3/2020 14:08

Looks to me that the dividend will be at best delayed. Suspect though that it will not be paid out to maintain a more significant capital buffer. I can accept no dividend but will find it hard to accept further dilution due to director share awards given the position of UK PLC. Also think house prices will take a hit .... see housing / flat rental rates are dropping due to Airbnb properties being marketed for rental due to the lack of holiday traffic. Lloyds will weather this storm and with all the extra money being thrown at the problem would not be surprised to see interest rates start to ratchet up in 2021... just hope the inflation genie can be kept under control. Interesting times.... keep healthy all.

[utrickytrees] 31/3/2020 14:08

Alphorn it all depends on the state of our finances & liquidity compared to Europes when the dust settles. Will we have the confidence and resources to unlock the shackles to the sinking ship

[smartie6] 31/3/2020 14:07

Completely correct.
Sensible way forward.

[xxxxxy] 31/3/2020 14:06

Keep boycotting the EUSSR. The EUSSR is a concept in failure of the People. The EUSSR is just the Animal Farm of our time.NO DEAL

[essentialinvestor] 31/3/2020 14:04

It's not just conserving cash, it's what's seen as politically expedient.

[xxxxxy] 31/3/2020 14:03

commercial flights do not exist. Many countries worldwide are taking drastic action to limit the spread of Covid-19, including grounding flights.The Foreign Office has been inundated with calls from Brits abroad and has come under criticism for its lack of communication during the crisis, but yesterday Raab told the media that the call centre that provides support for those stuck abroad received 15,000 calls, a record high for a single day, up from 1,000 and answered 99% of those. He urged that priority would "always be the most vulnerable" that being the elderly and those with medical needs and that the £75 million was designed to "keep the costs down and affordable for those seeking to return to the UK." However, Raab was criticised for, to be frank, quite a lacklustre performance, as well as being caught licking his fingers. British Airways suspends Gatwick flights: The announcement from Raab comes as British airlines begin grounding flights after the government warned against all but essential travel. EasyJet announced yesterday it would only issue flights to bring back those stranded abroad and today British Airways has announced it will suspend all flights to and from London's Gatwick airport amid a collapse in demand. The airline said in a statement "Due to the considerable restrictions and challenging market environment, like many other airlines, we will temporarily suspend our flying schedule at Gatwick."The slump in demand puts airlines at risk but even after relentless lobbying, the government is reluctant to deliver a targeted aid package. Airlines have removed the usual option to request a refund instead pushing passengers to take vouchers.Supermarket sales soar: Supermarket sales are through the roof as stockpiling drove a 20.5 percent rise in the period leading up to the UK's lockdown. In the week leading up to Boris Johnson's announcement, sales were up 43 percent from the same period last year. Mike Watkins, Nielsen's UK head of retailer and business insight said "With households making almost three extra shopping trips in the last four weeks, this small change in individual shopping behaviour has led to a seismic shift in overall shopping patterns," he also said that shoppers increasingly focused on buying essential items.Frozen food sales were also up by 84% and alcohol sales saw a 22% rise. Independently owned local shops have also benefited from the increased demand.MEPs calls for Brexit transition period extension fall on deaf ears: MEPs in the European Parliament have demanded the UK seek an extension to the Brexit transition period due to the coronavirus. The European People's Party, the largest in the parliament, called for a delay to Brexit in order to avoid the complications of the UK leaving whilst dealing with the Covid-19 outbreak, saying it is the 'only responsible thing to do'.The EU is struggling to form any kind of consensus on a response to the crisis with member states opting to focus on measures in their own countries. Italy and Spain are said to be deeply disappointed as they have had to seek help outside the bloc to help cope with the virus's devastation of their countries.Last night Donald Trump announced he will send $100 million of protective equipment to Italy after speaking with the Italian Prime Minister on the phone.MEPs' demands to delay post-Brexit talks are falling on deaf ears with Downing Street adamant the outbreak will not delay Brexit, with an official spokesman stating "The transition period ends on December 31, 2020. That is enshrined in UK law." The Brexit trade talks have continued via videoconference with no change to the timetable.More data to come on Covid-19 impact: It is being reported that the death toll from Covid-19 is bigger than the official figures show. The daily updates to the figures come from NHS England and only count those who die in hospitals. The Office of National Statistics data includes all deaths linked to coronavirus. So far, the UK's data shows 1,415 deaths but that figure is expected to see an increase as the ONS releases it figures today. However, the data has an 11 day delay and officials are braced for a sharper rise over the coming weeks. Having said this, new slides from yesterday's press conference appear to show the British public are overwhelmingly abiding by the lockdown, with transport use down dramatically and the effects of social distancing beginning to show although it will be longer before we can see how effective the measures have been in 'flattening the curve'. Enforcement of lockdown causing confusion: The police have come under increased scrutiny after a series of reports over their  enforcement of the lockdown. With enforcement of the measures largely left up to the discretion of the force, there has been confusion as to what behaviour is acceptable.Derbyshire Police deployed drones to monitor areas of the Peak District National Park, Cheshire Police boasted of issuing summonses to those found to have been shopping for 'non-essential' items and in other parts of the country, police have been said to have been going through shoppers baskets and confiscating 'non-essential items'.There is worry amongst some that long term trust in the police force could be affected, with former supreme court justice, Lord Sumption warning excessive measures could turn Britain into a "police state". However, with some members of the public still ignoring the advice from the government, the police will play a pivotal role in ensuring the spread of this deadly disease is limited. On our site today: Today's first article comes from Richard Patient, the Founder and Managing Director of property communications company Thorncliffe and also the London Chairman of Business for Britain. His article urges Downing Street to protect small businesses, entrepreneurs and the self-employed and not bury them in cumulative regulations. You can read the full article here.Our second article of the day comes from Douglas Williams, who is the founder and Deputy Chairman of the economics consultancy Cebr. His recent books include The Flat White Economy, The Inequality Paradox and Driving the Silk Road. His article discusses how the UK economy will be affected by the Covid-19 outbreak and stresses the importance of not imposing taxes to such a scale that it drives away entrepreneurs. You can read the full article 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.

[minerve 2] 31/3/2020 14:01

"the ethos of Brexit has never been more relevant"

Guffaw guffaw!

I thought it was partly about not being as liberal as the EU and having more control of our borders and yet during Corona we have been way too liberal with our lockdowns, way too liberal with our social distancing, and our borders, well, anyone can fly in from anywhere.

ROFLMAO!

Can you imagine if we had still been in the EU and the EU had forced current UK government policy upon us??? The Little Englanders would be rioting by now!

[utrickytrees] 31/3/2020 14:00

M2, the UK has one of the most generous foreign aid budgets, much is spent on space programs by the likes of india so they can all watch Sky sports and drink hooch...much like some of our less privileged.

[crossing_the_rubicon] 31/3/2020 13:57

"smartie631 Mar '20 - 13:38 - 8499 of 8502
It travels with a visa and 2 suitcases. It has a little moustache and wears a deckchair top"

Angela Merkel?