Lloyds Banking Share Discussion Threads

[grahamite2] 24/8/2020 07:43

#313108

The Last Night of the Proms is very much dependent on having an audience, young people belting out Land of Hope and Glory for all they're worth. That's not possible this year, so for once I think the BBC has made the right decision, indeed the only decision.

[xxxxxy] 24/8/2020 07:29

John Redwood, spot on.

[xxxxxy] 24/8/2020 07:28

Time for a quango reviewBy JOHNREDWOOD | Published: AUGUST 24, 2020Now Public Health England and Ofqual have shown their capacity to make headlines and to raise the issue of how independent they are of Ministers, it is a good time to ask how many of these so called independent bodies do we need?I have long argued there is no such thing as an independent public sector body. It is possible for one to appear to be independent and to act on its own for a long time if there is political agreement about its role and if it performs well or avoids the searchlight of media criticism. As soon as what it does becomes contentious or is done badly, Ministers are expected to sort it out and often held to blame for the original lapses by the organisation.The best model is for Ministers to accept they will be held responsible for the work of these bodies,and for them to hold regular reviews of the policy, conduct and success of these organisations to satisfy themselves they can defend them if necessary. It is a good job to give to experienced Ministers of State on behalf of busy Cabinet Ministers. When I used to do this, I typically held a budget meeting once a year to go over their financial bids for the year ahead, a meeting to review the previous year's work and achievements at the time of the Annual report, and strategic or issue meetings if necessary.The Minister cannot assume an independent body is putting in an acceptable bid for resources. He or she also needs to provide some check on the wish of many of these bodies to put up fees and charges on people using their services, especially where the use is involuntary because the person has to buy a permit or licence from them . The Minister may need to explain the public sensitivities and reaction to the quango to its senior personnel. If things start to go wrong the Minister needs to request better performance. In bad cases management would have to be changed.All this is a lot of work. It also comes with additional cost, as the quango will want its own headquarters and other facilities, its own computer systems, own accounting system, audit and the rest. Much of this could be supplied more cheaply by doing the work within the Department using the common facilities of government. Its top management may be offered higher salaries and there will be more of them than if the function is run within the department. There needs in each case to be some offsetting benefits for these additional costs.In some cases the Agency is able to attract specialist talent and a good CEO to offer higher quality service and more efficiency than the sponsor Department could do. In other cases it is just an added overhead, with more difficulty for the Minister to control the body and get the quality and volume of work out of it the public and government needs. Now would be a good time to review these bodies in each department, and come up with a 5 year plan to manage them out or ensure their success under correctly skilled and motivated management. Far too much activity is hived off in this way, leading to crises for government , the Quango and the Minister concerned when something goes wrong as with Public Health England and Ofqual recently.

[maxk] 23/8/2020 23:38

WHO IS DYING?



The Conservative Party!



ad: Lab and Lib are already dead, but refuse to fall over.

[covid 19 deal] 23/8/2020 22:21

Just remember most of us read the news... and short the market-- treating patients with virus in the Hospital ..thats what we are watching--- last 2 months --only 6 symptomatic patient-- all 6 made it and went home safely---- Warning to shorters-- dont get carried away--- put a face mask on and get on with life

[covid 19 deal] 23/8/2020 22:20

Covid19-- virus is weak now.. lost its killing power--- shorters be careful-- observation from dealing with covid19 patients directly from hospital... Vaccine wont be required-- facemask will do the job

[gwatson56] 23/8/2020 21:52

Very interesting .... puts things in perspective.



Problem is lots of colours tied to the mast here .... some would say hoisted with their own petard..... some might say different..... me, I wait, watch and listen.

[sikhthetech] 23/8/2020 21:41

Mitchy,

Serum Institute of India is the world's largest manufacturer of vaccines..

The question could be if the Indian government helps their own people before the rest of the world.

[essentialinvestor] 23/8/2020 21:36

Nearly 600 of those same NHS and Social Care staff gave their lives
fighting the virus.

[mitchy] 23/8/2020 21:11

The Doctors 'so called' didn't have a clue one how to treat covid 19.
Perhaps it's the fault of admin to change treatments but China didn't have any problem adjusting. I lay the 'fault' at the feet of the NHS staff either medical or admin.
Anyway vaccines are being produced at several places now and theyre apparently effective treatments. The poorer countries ,particularly India are going to have it tough but I hope we will be able to help them out as soon as we are sorted,of course.
Good Luck.

[xxxxxy] 23/8/2020 21:08

Peter Hitchens article in Daily mail, well worth a read.

[xxxxxy] 23/8/2020 21:07

matthuPosted August 23, 2020 at 1:05 pm | PermalinkPeter Hitchens writes that nearly a month after a last-minute announcement on July 25 smashed up tens of thousands of Spanish holidays, he asked the Health Department some simple questions:'How many of the UK travellers arriving from Spain after the introduction of the July 25 quarantine subsequently tested positive for Covid-19, how many of them were hospitalised, how many have recovered and (if applicable) how many died?'One would have assumed that if the risk to the public was sufficiently high that tens of thousands of holidays should be ruined by the government, they would be sufficiently concerned to follow up and test those who had returned in order to verify the effectiveness (or otherwise) of their emergency action.Well either the government is hiding the result, or they couldn't care one way or the other. (My guess is, they already knew the answer would never support the action they took, so they didn't bother looking.)

[utrickytrees] 23/8/2020 21:01

Get yourself an exotic cleaner JL5, some will let u use their knickers as a face mask if you tip them.

[xxxxxy] 23/8/2020 20:59

From FOOL, YAHOO Finance...Anyone who owns shares in Lloyds Banking Group (LSE: LLOY) has had a rough year. Lloyds' share price has fallen by more than 50% since the start of 2020. The coronavirus pandemic has triggered fears that banks could face a sharp rise in bad debt.The bank's business is totally focused on the UK, which is now officially in recession. We're all hoping the UK will bounce back quickly. But the reality is that we don't know how long it will take for economy to recover.However, given what we do know, I think there are good reasons to believe Lloyds shares are too cheap at current levels.#1: the bad news is in the priceIt's important to remember markets always look forward. I believe Lloyds shares are already priced for bad news. In its half-year results at the end of July, Lloyds warned investors it's planning for bad debts of around £5bn this year. That's nearly four times more than the £1.3bn reported for 2019.At this stage, Lloyds' bad debt numbers are only estimates. Things may turn out better than this. Recent data from estate agents and car dealership certainly suggest consumers are starting to spend again.However, my sums suggest that if Lloyds' central forecasts are correct, the bank's tangible net asset value would fall from 51.6p per share to around 44.5p per share. With the stock trading at just 28p as I write, I think that still leaves a healthy margin of safety for investors.#2: Lloyds is still one of the best performersLloyds also has another attraction, in my view. It's more profitable than UK-focused rivals such as NatWest Group (the new name for RBS). During the first half of the year, Lloyds generated a net interest margin - a measure of lending profitability - of 2.59%. The equivalent figure for NatWest Group was just 1.62%.One reason for this is that Lloyds' costs are lower. During the first half of the year, the bank's costs accounted for 55.2% of its income, compared to 62.8% at NatWest Group. Lloyds' lower costs should mean that profits bounce back more quickly.Lloyds was the most profitable of the UK's big high street banks before the coronavirus pandemic. I don't think this will change. That should help the bank's profits bounce back more quickly than at less profitable peers.#3: Lloyds share price suggests 5.5% dividend yieldBanks were forced to suspend dividend payments by the UK regulator earlier this year. Several made it clear they could have paid, but had no choice but to comply.The news was a bitter blow for income investors. But I'm pretty confident the dividend will return in 2021. Analysts' forecasts suggest a payout of 1.58p per share next year, giving a forecast yield of 5.5%. That looks realistic to me. Despite this year's disappointment, I believe Lloyds will remain a solid choice for income seekers,Ultimately, sentiment towards the UK economy is dire at the moment. The Lloyds share price reflects this. But, at some point, things will improve. In my view, now's probably a good time to buy some shares and tuck them away for the future. I don't think they'll get much cheaper than this.The post Has the Lloyds share price fallen too far? Here's what I'd do now appeared first on The Motley Fool UK.

[xxxxxy] 23/8/2020 20:56

John Redwood@johnredwood·3hThe best way to get the deficit down is tax cuts that boost growth and boost tax revenues.

[mikemichael2] 23/8/2020 20:08

'Why should I spend most of the afternoon arguing with a bunch of neanderthals'


But min, you just have done!!!!

Just like you do every day..........After 10.30,lol.

[utrickytrees] 23/8/2020 19:35

Dont u bloody start, I'm in largs next month, I'll dig up your greens.