Lloyds Banking Share Discussion Threads

[xxxxxy] 09/8/2020 17:13

Barry Island great today. Just about a mask free zone. And people and children happy. Living not just existing.

[xxxxxy] 09/8/2020 17:12

End Lockdown. Now.

[xxxxxy] 09/8/2020 17:11

BOFPosted August 9, 2020 at 9:49 am | PermalinkTomorrow I have a hip replacement which should have been done in March. My condition has deteriorated to such an extent that I am now nearly immobilised. I consider myself lucky compared with many thousands of others with life threatening conditions, and my op is private.The private sector has been commandeered by the NHS to do very little while NHS hospitals have had plenty spare capacity. An utter disgrace and entirely the fault of PHE and administration.

[xxxxxy] 09/8/2020 17:10

CaterpillarPosted August 9, 2020 at 11:46 am | PermalinkDear Secretary of State for Health,Please could you comment on(1) The potential evolutionary impact on a virus of isolating people with no symptoms.(2) The loss of cross reactive immunity to potential future coronaviruses by stopping the spread of largely asymptomatic and low risk viral strains.Reply?zorroPosted August 9, 2020 at 2:03 pm | PermalinkFat chance of an answer. They know that compulsory and amateur muzzling will create other health infections which will need more treatment.zorro

[investtofly] 09/8/2020 17:04

But the likes of Walsh will still be getting 10+ percent pay rises.It's a case 50p in every Pound saved goes to the Board

[careful] 09/8/2020 16:56

Trouble is China, India, Korea and many other countries have high technology.
We have lost our advantage in high value added trade.
After Brexit we shall have to fight for survival in other areas such as finance and aerospace.

Londons lucrative position as the World leading financial centre as we have been for centuries is now under threat.
Frankfurt is growing rapidly.

In aerospace our latest next generation strike aircraft, the Tempest, was due to be a joint European project to stop American dominance. Design leadership by British Aerospace and Rolls Royce.
Now Germany and France are creating a competitor. Not good.

We shall proud independent and poor, with slightly more control over our fish.

Wealth is serious business.
There is no nobility in poverty.

I always was mystified how a top rate, experienced Russian aerospace engineer was so lowly paid compared to his equivalent in the West.
This gap will close.

This trend can only accelerate.
Too many qualified candidates change too few positions.
Supply and demand.

Everyone driving their children to become highly qualified thinking that is the passport to wealth.

No longer so, we are fighting last years war.

[hamhamham1] 09/8/2020 16:50

That is why the gov cannot screw Lloyds (and their shareholders) over again.

[hamhamham1] 09/8/2020 16:37

Being prudent didn't help Lloyds in the lead up to the last recession, the gov convinced Lloyds to buy HBOS and shatter their balance sheet.
What a con that was!

[diku] 09/8/2020 16:13

Does that apply to footballers?...




Looking at IAG's latest offer to the workforce.

A job with reduced pay or redundancy.
or redundancy.
This post Covid world will be either low pay or redundancy almost everywhere.

[hamhamham1] 09/8/2020 16:00

Unfortunately governments have one eye on the next election when deciding their long term economic strategies.

[maxk] 09/8/2020 15:44

Not for the 1%...onward and upward!

[careful] 09/8/2020 15:38

Looking at IAG's latest offer to the workforce.

A job with reduced pay or redundancy.
or redundancy.
This post Covid world will be either low pay or redundancy almost everywhere.
Deflation, everything cheaper, 0% interest rates is a good rate.
A 2% mortgage is expensive.

It was inevitable.
Over 7bn world population, many highly trained in every discipline,
all prepared to work for a fraction of what we are used to.
AI and automation also aggravates.

All connected by the internet.
A levelling down across the World.

Get used to it, we are going back to the 1960's

[investtofly] 09/8/2020 15:14

It's a case of seeing how far they can push people before they rebel.... No difference between Venezuela and the rest of the world.Time for the people to stand up and say Enough is Enough

[careful] 09/8/2020 15:04

Moral hazard I a serious problem.
Bailing out reckless irresponsible companies that never accumulated reserves when times were good, effectively punishes the companies that behaved properly.

Rubbish talk of inefficient balance sheets (low return on capital cash is 'inneficiant')
was the fashion in business schools.
Including those idiots a Harvard.

Prudent debt, borrowing lots to buy back shares, all the right thing to do.

Now one set- back like Covid, and yet again the taxpayer is called in to bale out with debt forgiveness.
Let them all go bust and start again.

Anold Weinstock, Warren Buffett, they believe in prudent piles of lovely cash.

[hamhamham1] 09/8/2020 14:09

Or instead of writing it off, you could set a new corp tax level for those with existing loans, and they pay an extra 5%-10% corp tax on profits until the loan is paid off??
Though taxing profits is ok, assumes companies show a profit, not all do even if doing well!

The hard thing is when does the admin outweigh the receivables?
- see means tested tv licence.

[hamhamham1] 09/8/2020 13:40

At the end of the day the gov has 3 options:
- Convert all or part of loans to grants and write some/all the money off.
- Convert loans into a stake in the businesses.
- Demand loan repayment and send a lot of businesses to the wall.

Personally I think a lot of the loans will be written off and added to the trillions of national debt, kick the can down the road for the next generation.
Time will tell.

So far all the 3 emergency loan types total only £50bn, what's that less than half of an HS2 project???

[hamhamham1] 09/8/2020 13:33

Found this online...

The Government will provide lenders with a 100% guarantee for the loan and pay any fees and interest for the first 12 months.

No repayments will be due during the first 12 months and loan terms will be up to 6 years. The Government confirm that they “will work with lenders to agree a low rate of interest for the remaining period of the loan”.

When the scheme becomes operational next Monday, businesses will be able to access these loans through a network of accredited lenders 40 accredited lenders.

Lenders are most likely to fast-track these loans as they will simply have to administer them and with minimal financial risk to themselves.

[essentialinvestor] 09/8/2020 13:27

That is how it should work, yes I agree, however politics will come in
to play and my best guess is banks end up on the hook for a %.
Completely unfairly.

[hamhamham1] 09/8/2020 13:23

If the gov is going to underwrite a loan by 100% in order to get a bank to make a loan, then yes, I expect the gov to pay up if the loanee doesn't pay it back.
These loans were designed/backed by the gov to bypass the banks from doing their due diligence, as the gov knew that a lot would not be loaned to at that point in time.
The onus is on the gov to pay up if the banks do not receive the loans back.

[essentialinvestor] 09/8/2020 13:21

BBLS, it's UK banks that have lent the money and under the terms
of those loans it's banks that are obligated to have it paid back,
not HMG.

Now that opens up a potentially huge can of worms.

As delinquencies rise on BBLS, do you think HMG will say...that's fine,
attempt to get it repaid, if not here is X amount from us.

It ain't going to work that way, banks will be accused of lack of due dilligence,
eventhough it was light touch quick lending.

[hamhamham1] 09/8/2020 13:07

To date (end of July), £49bn of gov backed loans done through the 3 schemes.
CBILS - £12.7bn
BBLS - £33.7bn
CLBILS - £3.1bn

So the BBLS is 100% underwritten by the gov and the CBILS and CLBILS are 80% underwritten by the gov.
Total of the 80% loans is approx £15.8bn. This closes in September, so may be add another 20%, so say £19bn.
Maybe Lloyds has 35% of the total market? So that's £7bn
Lloyds would be on the hook for £1.4bn (20%) of those loans if 100% default rate.
If you said a high 40% default rate then that's £560m possible loss exposure???? Personally i think the % default rate on these will be lower as there were more stringant checks and assurities needed.
Yes there will be other existing loans which may default, a lot of these will be secured against assets. But with £3.8bn already set aside and likely that will grow to £5bn area by end of year, I think they may be in a reasonable position to ride this out, especially with at core capital T1 ratio of over 15%.

[xxxxxy] 09/8/2020 11:55

Millions of Britons could demand lucrative PPI pay-outs in 'second wave' of compensation after courts find products were 'unfair' ... Daily Mail

[kiwi2007] 09/8/2020 11:48

chavitravi2 - people with mortgages were winners... 3 wage rises a year and to old mortgage soon became peanuts.

[mr.elbee] 09/8/2020 11:46

Covid is and was part of ....."a conspiracy of lies at the highest level of government"

But Why?

To be able to stop India and China using any anti green energy?

Just maybe.