Lloyds Banking Share Discussion Threads

[pal44] 30/7/2020 10:22

sikhthetech are you shorting the great mighty Black Horse ?

[minerve 2] 30/7/2020 10:21

Where is Boris conducting operations from ATM?

Surely you can't think straight with needy GF and screaming baby around?

[redartbmud] 30/7/2020 10:20

Well Lightening Zipper should have spent more time on the business and less on the activities of his zipper.

[stupmy] 30/7/2020 10:16

I've taken a speculative position in the hope of a bounce into the afternoon. Entry was around 26.1.

[sikhthetech] 30/7/2020 10:13

This was expected, I thought 20p-25p..

It's still early days...
Furlough scheme is being would down from this weekend..
Evictions resuming from next month..

Mortgage payment hols coming to an end in Oct..

Those who took out the mortgage payment hols will have higher premiums to pay, so could see mortgage repossessions later this year.. currently repossessions are not allowed...

sikhthetech - 27 Jul 2020 - 14:39:45 - 11029 of 11198 Lloyds Bank (LLOY) 'On Topic only' - Thread - LLOY
I still think we're heading for 20p-25p for the reasons previously stated...


sikhthetech - 01 Jul 2020 - 12:10:38 - 10589 of 11029
I still think we'll see low to mid 20s soon...

More and more job losses are being announced every day now that furloughing is coming to an end.

<...>

[gc321] 30/7/2020 10:12

Indeed a lot of stuff being said which is complete and utter nonsense. I wonder if the government are considering a ban on shorting again. That would def help in the current climate.....

[gbh2] 30/7/2020 10:04

Yep, time to go watch some paint dry, more exciting than some of the cretinous poats now appearing!

[smartypants] 30/7/2020 10:03

LBG warned it expected to book a coronavirus-linked impairment charge of between £4.5 billion and £5.5 billion for the whole year.

"There have been early signs of recovery in the group's core markets, mainly in consumer spending and the housing market, but........

The outlook remains highly uncertain and the impact of lower rates and economic fragility will continue for at least the rest of the year," the bank noted.

"The group's updated 2020 guidance reflects a proactive response to the challenging economic environment and is based on the group's recently revised current economic assumptions, which have deteriorated since the first quarter."

Since its last update, Lloyds estimates that the economic outlook has deteriorated further, partly because of the immediate impact of the pandemic in its second quarter, but also due to the likelihood of significantly higher defaults on loans in the next few months as various government support schemes subside.

[careful] 30/7/2020 10:03

We learned during the financial crises how risky banks were.

Lloys have about £600m out there that needs paying back.
If the economy goes seriously down, then we could assume that 10% of that is not coming back.

That is a £60m write off.(or to use another term 'bust')

They never recognise bad debts or underperforming loans until it is right ion top of them.
Fred Goodwin declared a record profit at RBS of £10bn, when if he had been up front about the rubbish on his balance sheet, his loss would over £50bn.

[minerve 2] 30/7/2020 10:02

"Ooooch! The Bottom Perhaps!"

In other words: Who knows?


Boris needs to get a handle on COVID AND THE ECONOMY. He has lost both ATM.

[minerve 2] 30/7/2020 10:01

The only bottoms I'm good at having a feeling for are female ones.

[1carus] 30/7/2020 09:59

Ooooch! The Bottom Perhaps!

[minerve 2] 30/7/2020 09:58

No Deal to come!

ROFLMAO!

And how long do you think it will be before dividends are back to previous levels? How many years?

Meanwhile Minerve collects his c10% covered dividends.

You lot are not in the same league as THE MINERVE!

When are you going to accept that?

Guffaw guffaw!

[buywell3] 30/7/2020 09:55

Top & Bottom LSE Sectors
Name %
FTSE 350 Aerospace +2.84% up
FTSE 350 Pharmaceutica +1.83% up
FTSE 350 Industrial +0.09% up
FTSE 350 Industrial -0.23% down
FTSE 350 Chemicals -0.52% down
FTSE 350 Fixed Line -3.64% down
FTSE 350 Banks -3.78% down
FTSE 350 Industrial -4.13% down
FTSE 350 Life Assuranc -4.18% down

[gaffer73] 30/7/2020 09:52

OMG we've heard everything now. That's me off.

[xxxxxy] 30/7/2020 09:46

AndNo Deal

[xxxxxy] 30/7/2020 09:37

From Daily Telegraph, about LLOY.L...Tim Browning30 Jul 2020 8:03AMHow much of the impairments turn out to be real, they are forced to make impairment charges on payment holidays?IAIN SMITH30 Jul 2020 8:08AM@Tim Browning under the IFRS9 accounting rules they need to take a guess at the level of future defaults even where there are no current signs of default.probably the payment holidays do cause the provisions to increase.

[essentialinvestor] 30/7/2020 09:37

Equity raise needed in 2021?, can't be discounted imv,
which may be highly dilutive. Very ugly and without the furlough
scheme what position would they be in.

[mo123] 30/7/2020 09:33

It will be the new CEO who kitchen sinks everything. Still waiting to see how bad unemployment gets, company closures, brexit etc..

The staff had a whip round and bought H.O. his leaving present. A pointy hat, some talc, a red nose and a big pair of floppy shoes.

[gaffer73] 30/7/2020 09:29

How are Lloyd's going to fail, have you even read the results?