Lloyds Banking Share Discussion Threads

[stupmy] 30/7/2020 11:22

EI, there's a film that's really interesting for that side of the story. I would really recommend that people watch 'Too Big to Fail'. Entertainment value is high, but so is the learning value

[minerve 2] 30/7/2020 11:14

1carus

Agreed, although good investing doesn't require you to be that smart, it just requires certain character attributes and hard-work. A little bit of luck goes along way too. :)

Best to ride it out.

I have a significant holding in tobacco. It is the only sector that delivers excellent yields and also has a significant world-wide web of distribution and manufacture that could continue relatively uninterrupted whilst COVID and its wake ripples through economies. I'm using the dividends as tranches into recovery stocks as and when recovery becomes more certain over the next year or so. I haven't quite made my mind up which sectors yet. Just watching.

[essentialinvestor] 30/7/2020 11:13

ham, when delinquencies soar you donr think political pressure
will mount on banks to take some of the pain?, eventhough banks
were told to light touch lend quickly.

[hamhamham1] 30/7/2020 11:11

Any unspent billions in the bad debt provisioning will be returned to shareholders as divis or used for share buybacks.

[hamhamham1] 30/7/2020 11:09

The gov have underwritten most all the banks covid loans, the banks due diligence was stopping them lending until gov backstopped the lot

[stupmy] 30/7/2020 11:06

I'm hoping there will be much more coverage of the banking sector now. It feels likely that the speculation on the sector is going to be pretty negative for a while. Maybe clarity on the arrival or not of a second wave of viral infections will underscore the share price Who underwrites the loans for the travel industry? By that I'm thinking about arilines/cruise ships? I suspect we've not seen the end of the bad news for those sectors.

[1carus] 30/7/2020 11:01

Only time will tell Min as always. In the scale of things, I cant see Covid costing LLoyds the same as the Halifax takeover and the PPI payments scandal. But we shall see. Difficult times for many people. For those not as smart as you and who have years on their side the markets will come back, but this market is haveing a difficult effect on pensions for 'normal' people who have done the 'right'thing over the years and paid in to schemes of one form or another. Hard times ahead for some I think.

[mitchy] 30/7/2020 10:53

I can't see much upside to these considering the third quarter results will be the same or worse. There are more job loses and business failures to come for sure
and there will be more bad loans written off. The housing market is buoyant yes and online retail is doing ok as is pharmaceuticals but the oil companies are losing huge profits, the car manufacturers struggling etc. I'm not sure about builders. Gold miners are doing great and the power companies are starting to feel the benefit of electric cars coming on stream. Check out cheap Chinese electric cars on Alibaba at very affordable prices for the average person.

[minerve 2] 30/7/2020 10:51

The truth is you just cannot accurately predict future behaviour - government, society and virus - of a pandemic that has never happened before in our time. Stick your finger in the air.

[muzmanoz] 30/7/2020 10:48

Poleaxe, yes,amazing how the pre tax loss for the half year magically was similar to the tax credit. Not like companies to use provisions to send the msg they want to put out.

[minerve 2] 30/7/2020 10:46

Perhaps the most interesting disclosure was full year guidance for loan losses is £4.5 - 5.5bn. They have already taken £3.8bn in the half year, so they are predicting much less in the second half.

Mmmmmmm.

[minerve 2] 30/7/2020 10:45

"Unfair on "the Dog" imo..."

Guffaw guffaw!

[geckotheglorious] 30/7/2020 10:43

Unfair on "the Dog" imo...

[minerve 2] 30/7/2020 10:43

Hey Jacko, how is your dog?

ROFLMAO!

[poleaxe] 30/7/2020 10:43

Love the magic if the bean counters, loss before tax, profit after tax.

[jibba jabber] 30/7/2020 10:41

What
a dog this has been.

[essentialinvestor] 30/7/2020 10:41

car1pet, there is going to be big trouble down the line for UK banks
on these light touch lending loans - they will end up on the hook for
some of these delinquencies imv. However, that's for other day.

The question to ask atm is...what happens when these furlough schemes
begin to be wound down.

[sr2day] 30/7/2020 10:38

should be able to buy these at 25p later today.

[minerve 2] 30/7/2020 10:36

DOWN DOWN DEEPER AND DOWN

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

xxxxxy

Don't buy gold. It's for morons, just like cryptos. You are purely relying on the "greater fool theory" because to the average Joe there is no cash flow generation from the asset.

[car1pet] 30/7/2020 10:29

I applied for a bounce back loan of £50k for my business and received the money next day. I'm legitimate but it was too easy no checks done. I would guess that there are many £50k bounce back loans that will never be repaid. I needed the money and was grateful but it was too easy. It seemed that Lloyds suddenly relaxed all their controls. But presumably Lloyds will recover any losses on loans from the government so it won't impact Lloyds. This fall could be overdone and we could see a bounce tomorrow.It has pulled back since this morning first thing 26.6p looks to be good value IMO DYOR

[minerve 2] 30/7/2020 10:29

So, it temporarily bottoms, traders pile in setting their stop-loss ladder as it crawls its way back up to quite easily fall again another day when the market maker algorithms decide to chew up the stop-loss ladder.

Wash, rinse, repeat.

[xxxxxy] 30/7/2020 10:28

I have missed out on gold. That was stupid of me.

[minerve 2] 30/7/2020 10:27

Barclays seem to be steps ahead just casually observing banks ATM. Lloyds a one-trick pony it seems.

Barclays have actually got Mohamed El-Erian as Non-Executive Director since the beginning of this year. Quite a coup IMO, that.

As Buffett professes management analysis is very important.

Since zipper gate came here you would probably have ditched Lloyds at that point. Behaviour eventually trickles into company performance.

[xxxxxy] 30/7/2020 10:26

Will return to buying Lloyd's if go sub 20.Buying time there, for me.Looking forward to USA Deal