Lloyds Banking Share Discussion Threads

[gaffer73] 04/8/2020 17:52

Yep, that's two of them now. They know where the share price is going in the next year or two.

[optomistic] 04/8/2020 17:52

Thanks Porto, missed that....deleted post

[portside1] 04/8/2020 17:46

Op he bought at 26.87 p

[xxxxxy] 04/8/2020 17:39

The naughty EU boys & girls – UK barely registers on EU's list
Brexit Facts4EU.Org reveals the uncomfortable truth that the UK does obey the law


© Brexit Facts4EU.Org 2020

23 EU countries have a worse record than the UK in implementing EU law
Unreported by the BBC, Sky or ITN, on Friday (31 Jul 2020) the EU Commission released its report on the compliance of the 28 member countries with the EU’s laws and directives up to the end of last year (2019).

The announcement was entitled:
“Member States' compliance with EU law in 2019: more work needed”
The UK came fifth - 23 EU countries had performed worse as at 31 Dec 2019

Despite the UK’s vote to leave the EU over four years ago, the UK comes out smelling of roses. This is highly relevant, as it relates to the EU’s demand that the UK maintains a “level playing field” with the rest of the EU. The EU is still insisting on legal guarantees from the UK, and yet its own report on its remaining member countries shows just how law-abiding the UK really is.

Here is what the EU Commission itself says:
“The effective enforcement of EU law matters … in order ensure a level-playing field across the internal market.”

- EU Commission, 31 July 2020

BREXIT FACTS4EU.ORG SUMMARY
EU Member States' compliance with EU law at end-2019 - official EU report

Infringement cases against the United Kingdom open on 31 Dec 2019: 66
Infringement cases against all EU countries open on 31 Dec 2019: 1,564
The UK represents only 4.2% of the total


© Brexit Facts4EU.Org - click to enlarge

New cases last year (2019)

New infringement cases opened against the United Kingdom in 2019: 30
New infringement cases against all EU countries opened in 2019: 797
The UK represents only 3.8% of the total


© Brexit Facts4EU.Org - click to enlarge

The EU Commission reported on Friday that “the number of new infringement cases increased by over 20% compared to the previous year.” This is a massive jump in just one year.

Worst offenders for new infringement cases in 2019: Spain, Italy and Greece
Worst offenders for late transposition of directives in 2019: Bulgaria, Belgium, Greece and Cyprus
- Source: EU Commission report, 31 July 2020

[bobdiamond1] 04/8/2020 17:07

311790..I always like to see a board member buying a big stake, they obviously think that £260k worth of Lloyds is better than their savings rate.

[optomistic] 04/8/2020 16:57

Was it yesterday that one of his mates did the same?

No it was the 31st... a good sign.

[maxidi] 04/8/2020 15:03

Topped up today.

[supermarky] 04/8/2020 14:33

Yawn. alienate the majority of the UK population, very annoying!

[rapsand] 04/8/2020 14:30

Lloyds CFO purchases 1 million shares

[az209] 04/8/2020 14:30

Lloyds Chief Financial Officer buys 1 million shares at just under 27p.

[dodkins] 04/8/2020 14:06

David Deutsch did the best defence of Brexit. He leads the field in quantum computation.

[mikemichael2] 04/8/2020 13:23

'If' it takes hold!!!

[dexdringle] 04/8/2020 13:05

...no, UBS really did say that.....

[studentinvestor13] 04/8/2020 13:02

I have bought some today on a spending spree with Keller and two mini caps. Banks are unloved but they will be good stocks next year imo as the recovery takes hold

[maxk] 04/8/2020 12:54

What else can they do but talk?

[freddie01] 04/8/2020 12:08

Are further falls ahead for the Lloyds, Barclays and HSBC share prices?


Could there be more difficulties for the share prices of Lloyds Banking Group PLC (LON:LLOY) (LLOY.L), Barclays PLC (LON:BARC) (BARC.L) and HSBC Holdings plc (LON:HSBA) (HSBA.L)?


The share prices of Lloyds Banking Group PLC (LON:LLOY) (LLOY.L), Barclays PLC (LON:BARC) (BARC.L) and HSBC Holdings plc (LON:HSBA) (HSBA.L) are a very long way off their levels from six months ago.

For instance, the Lloyds share price is down from 57p six months ago to around 27p today. The bank’s focus on the UK in a period where Brexit could dominate investor outlooks may hold its investment performance back to some extent in the short run.

Likewise, Barclays and HSBC’s share prices could fall further as the economic challenges posed by Covid-19 weigh on global GDP growth. In Barclays’ case, it has benefitted from its investment banking performance since the start of the year, although its share price is still down by 40% since February.

HSBC, meanwhile, is down 41% in the last six months. It intends to ramp-up its cost-cutting strategy to improve efficiency. I think it could benefit from greater geographic diversity than Lloyds, with the long-term prospects for many Asian economies being stronger than for the UK.

To my mind, all three FTSE 100 banks face further stock price volatility in future months. However, I think that they have been able to strengthen their financial positions over the past few years so that they are better equipped to survive a period of slow, or even negative, economic growth.

Further, I feel that they have sound strategies to return to growth in the long run. For instance, Lloyds has invested in digital growth, Barclays has a diverse business model, while growing disposable incomes in Asia could push HSBC’s profitability higher.

For now, though, I’m expecting more share price volatility in the short run. Lloyds, Barclays and HSBC could continue to be unpopular stocks with investors to my mind due simply to a difficult economic outlook. Over the long run, I feel they offer recovery potential because of their strategies, but they could be slow burners as a result of weak investor sentiment currently facing the sector.

[maxk] 04/8/2020 11:43

COMMENT


Results from the banks should be called an educated guess, at best

Patrick Hosking
, Financial Editor
Tuesday August 04 2020, 12.00am, The Times



Long ago, when banking was simple and bankers were respected, the industry was informally governed by something called the 3-6-3 rule. Take deposits at 3 per cent, lend at 6 per cent and be on the golf course by 3pm. Even then, that simple philosophy was badly flawed. Every time a recession came along, banks discovered that they weren’t going to get all their money back and would embark on a flurry of extra bad debt provisions that scarred their profit records.

Today, the unknowability of whether they are going to get their loans repaid is perhaps more extreme than ever before. All depends on the severity and duration of the Covid-19 restrictions and the impact that they have on jobs, spending and business survival

[minerve 2] 04/8/2020 11:42

Do Brexiters need evidence? They are well-known not to be driven by facts.

[maxk] 04/8/2020 11:38

There is no evidence that he hasnt/isnt either..