Lloyds Banking Share Discussion Threads

[minerve 2] 28/5/2020 11:50

Head of UK ‘test and trace’ system warns it won’t be ‘world-class’ at start



LOL

[minerve 2] 28/5/2020 11:48

UK had no stocks of protective gowns when coronavirus struck

Government failed to take swift action after warning from top scientific advisers last June



Dither and delay from Boris and others.

[davius] 28/5/2020 11:47

Noooo, have they finally split up after all these years?

[xxxxxy] 28/5/2020 11:40

Actually the EUSSR can SOD OFF

[alphorn] 28/5/2020 11:40

M2 - worth repeating twice. Very true.

The other side of the coin is two wrongs........

[xxxxxy] 28/5/2020 11:39

347. Quickly. Agree. Absolutely.And No Deal

[minerve 2] 28/5/2020 11:37

Fat finger double post.

[minerve 2] 28/5/2020 11:34

"They are ours"

Who says so? God?

[alphorn] 28/5/2020 11:33

Talking of maxDummkopf up he pops. Lol

[alphorn] 28/5/2020 11:31

GtG - what a fool!

[alphorn] 28/5/2020 11:29

G2 - maybe!!!

[minerve 2] 28/5/2020 11:29

Most companies are very difficult to value ATM. A pandemic is not something the investor generally has to deal with. Even if governments want to attempt normality it simply isn't going to happen anytime soon. And what happens when the government financial support starts to run out of steam and those on government funded furlough get made redundant? Even when business returns many will be much smaller and lumbered with more debt. Earnings are going to be generally lower for at least a few years and dividends may not come back soon to the levels they were only 3 or 4 months back.

I've decided to park a very large chunk of money into tobacco stocks. Dividends are generally not under threat and free cash flows are huge. Imperial Brands, for example, yields almost 10% and can afford to pay it.

If you buy Imperial Brands today you are getting 18.5% free cash flow return on your share (compared to the price you pay). Of course tobacco isn't the favourite kid on the block and short/medium term you may have to sit on quotational loss but on that FCF/price ratio paying down debt or buying back shares, over and above the dividend payment, is no problem at all.

Even if tobacco revenues fall on that return you are easily covered. You could buy back all the equity in c5 years, pay off all the borrowings in less. I doubt smoking is going to disappear to that extent in such a short period.

[cheshire pete] 28/5/2020 11:24

Boris with a pint and pubs re-opening is now the headline news. The vile lefty media did their best to undermine Boris but it is old news now.

No deal.

[bakedbean] 28/5/2020 11:24

The China crisis has spooked the markets

[geckotheglorious] 28/5/2020 11:23

Cheshire.
Alphorn is in denial. He hates the UK, especially the part that has traditional values, wants to maintain its history/traditions, and isnt rabidly pro EU subservience.

[cheshire pete] 28/5/2020 11:21

Alphorn: "their pesky trawlers" but ok for you if British owned?"

There was something a while back about EU trawlers in our waters flouting their own EU regulations on net size, catch take etc., was there not?

The EU has made Fishing complex when it need not have been. Our waters, so OK for our trawlers to fish in them in a sustainable manner. We then sell catch to whoever in a free market. No problem. Free us from burdensome Brussels red tape and let our Fishing Industry recover to where it once was.

[geckotheglorious] 28/5/2020 11:18

Spot on Mr Elbee re Cummings.
Most of us would have done exactly as he did.

[minerve 2] 28/5/2020 11:11

Thanks Alphorn. I would behave in better company.

[grahamite2] 28/5/2020 11:09

Alphorn, I was thinking much the same earlier this morning!

Should we provide Minerve with a small stipend?

[alphorn] 28/5/2020 10:55

M2 - there wouldn't be much to read without your views - not all of them though!!!

[minerve 2] 28/5/2020 10:54

Our fishing industry in England is chump change. Scotland has a greater argument to protect fishing rights, especially the mackerel industry. But they are not Little Englanders who cannot distinguish between competition and war, who your competitors are and who are your enemies. To the Little Englander, sat in their little hobbit dens, competitors are enemies. You are on very dangerous ground when you confuse the two.