Lloyds Banking Share Discussion Threads

[careful] 19/9/2020 10:16

I saw a programme featuring a Thatcher minister Ian Gilmore.
He explained the truth about Thatchers handbagging and the so called rebate.

Because of complex farming subsidies a rebate had been negotiated about 1 year before.
A normal adjustment nothing more.

When Thatcher returned from her later attempt to get more empty handed she was depressed, and thought she would look a failure.

Then her press secretary, Bernard Ingram suggested they announced the previous years rebate, and rung around his press chums who were pro Thatcher.
Thatcher doubted anyone would fall for such a stunt which was announced big time the next day. Fake news.

But it worked and the 'Thatcher handbags the EU' myth lives on to this day.

[wllmherk] 19/9/2020 09:33

Scruff, I'm nursing huge losses on LLOY too, but, I won't be selling no matter how low share price falls, in fact I will be topping up. The share price is so low due to several factors, COVID and it's effect on the economy, BREXIT and it's effect on the economy and to lesser extent the US/China trade war, add in the US election and it's a toxic mix. LLOY is very much a bet on the UK economy and I ask myself 2 questions, could LLOY go bust? will it recover in time?

It won't go bust, it wouldn't be allowed to and yes it will recover. Might take 2-3 years but it will recover. BREXIT will be resolved one way or another and a vaccine will be found at some point, many believe this year. Once these 2 issues are in the rear view mirror this well capitalised, conservatively run business will be on the up. Factor in dividends, probably reinstated 2021-2022 and there are positives. The chart suggests further falls, but, I can live with that, patience and a cool head are what is needed here. No advice intended.

wllm

[ekuuleus] 19/9/2020 09:24

I agree scruff.
I think I'll be selling out as well.

[scruff1] 19/9/2020 09:13

Cant see 24p being broken. Why not? The lack of any visible good news and the masses of possible bad news imo are going to lead to an extended period of slowly dropping share price Marshall Wace have played this one perfectly. They could close anytime with a hefty profit but its easy to see why they could play it for longer.
I think I will sell out of most of my stocks Monday even though with fairly hefty losses. The whole ship seems to be going down so capital preservation would seem prudent. Sit in the lifeboat until something brings it up again. I know the usual thing about missing the spikes but this malarky needs a whole new set of rules. Views and opinions welcomed

[xxxxxy] 19/9/2020 07:59

Love Margaret Thatcher.No DealWTO

[xxxxxy] 19/9/2020 07:58

Getting our money backBy JOHNREDWOOD | Published: SEPTEMBER 19, 2020Margaret Thatcher understood the UK had a bad deal out of our EEC/EU membership. At a time when she was battling to get the public finances under control and to get value for money for UK taxpayers, she naturally expected the same of our EU contributions and budgets. She judged the public mood well. Why accept less spending at home if they were wasting so much of our money abroad?The official government and establishment was shocked by her wish. They did the usual thing of checking with their official continental friends and gleefully reported back that there was no interest in offering the UK a better financial deal, and the UK would be the only state wanting to press the matter. To even raise it was bad taste which would "undermine our position in Europe" or would "marginalise the UK "Margaret decided to proceed. She said she would threaten to withhold contributions if they did not take the matter seriously and make a concession. This caused even greater official consternation. They pointed out it would be completely illegal to withhold the money. It was owing under our Treaty obligations, enforced by the clear Act of Parliament making us obey the Treaty provisions. If she did so the UK would soon be found guilty by the European Court of Justice which had complete control over us all the time we were members.She pressed on regardless. To the amazement and consternation of the official advisers the EU took her demands and possible threat seriously. They offered a generous discount on the bad terms we had before. She did not as a result have to carry out her threat to withhold the money. One woman, opposed by the whole EEC and by much of the UK establishment , saved UK taxpayers billions. It shows how will power and not making concessions is essential to a successful negotiation with the EU.

[asa8] 19/9/2020 07:57

No more lockdowns get of your knees sheep

[xxxxxy] 18/9/2020 21:52

No DealWTONos da. Cymru am byth.

[xxxxxy] 18/9/2020 21:49

glen cullenPosted September 18, 2020 at 3:55 pm | PermalinkUK daily summary Friday 18th September(source: https://coronavirus.data.gov.uk)Tested – 228,877Negative – 232,824Positive – 4,322 (1.8%)Patients admitted to hospital – 134 (daily ave.)Deaths – 27 (0.000039%)With all the new local lockdown this government must have secret files as the its own published data hasn't changed muchReply?Fred HPosted September 18, 2020 at 4:20 pm | Permalinkglen – – the numbers you have collected (copied?) do not add up.Reply?Know-DicePosted September 18, 2020 at 4:43 pm | PermalinkGlen, thanks for those figures. The important one is the 1.8% whereas the main stream media consentrates on the headline figure of 4,322Reply?beresfordPosted September 18, 2020 at 4:47 pm | PermalinkSky News desperately shilling for a second national lockdown. Apparently there is a 'groundswell of opinion' in favour. Should be the death knell for a number of hospitality and leisure businesses and the high street, and a driver of rising unemployment and destitution. A few months ago on 'DC Legends of Tomorrow' there was a portrayal of a dystopian future in which streets were dominated by large government billboards saying 'Stay At Home' and 'Watch More Television'.

[xxxxxy] 18/9/2020 21:45

John Redwood@johnredwood2hThe UK under past PMs apart from Mrs Thatcher gave in to the EU all the time. The public got fed up with a rotten deal and voted out.

[sr2day] 18/9/2020 21:40

polar fox, apparently next support is 24p and if broken we are looking at 19p. i cannot see 24p being broken.

[stonedyou] 18/9/2020 20:44

The 'snitching' begins! Police are called to a funeral wake in a pub garden after mourners were pictured 'not socially distancing'



•Officers visited the Old Crown in Wigston after resident claimed no distancing

•Landlady Sue Humphries said she had been hosting a wake for around 30 people

•She added that 'all our customers were in groups of six and spaced apart'



Police were called to a funeral wake inside a pub garden after mourners were pictured appearing to break social distancing rules amid the Government's 'rule of six'.

Officers visited the Old Crown in Wigston, Leicestershire yesterday after a local resident called them to claim people were not following coronavirus guidelines.

Police called the pub twice and spoke to the landlady Sue Humphries before turning up unannounced to check that the rules were being followed.

A Leicestershire Police spokeswoman said: 'Police received a call just after 1.30pm yesterday reporting concerns in relation to a number of people gathering at a premises in Moat Street, Wigston, and that Covid-19 guidelines were being breached.

'Officers have engaged with staff and others at the concerned premises who co-operated with police to ensure guidelines were being followed.'

[spartan attack] 18/9/2020 20:13

Even shrek or donkey would do If can’t get Merkel

[maxk] 18/9/2020 20:13

careful might be on €U happy pills, but he aint wrong about a lot of the government.

They are a shambles!

[jl5006] 18/9/2020 20:04

So we will drift away from the high street
The officious - u can come in - do as i tell you will be replaced by the online sale- these will complain - but i have had enough of kids and middle aged staff telling me what they want me to do.
The end product is the loss of 1 mil retail jobs - the biggest complaint will be Y
bcos of u the employee!laintcomp