Lloyds Banking Share Discussion Threads

[reffan] 19/9/2020 15:06

We have some bitter no hoper called minerve but it's ok.apart from that

[falklandi] 19/9/2020 14:03

There are so many scrums on LSE who are spreading doom&gloom
All the day. Hope it's not the same here.

[mikemichael2] 19/9/2020 13:48

Because they might not go to 20p!!

[scruff1] 19/9/2020 13:36

After all isnt that what WM are doing to a fine profit so far

[scruff1] 19/9/2020 13:35

So why not sell at 25 and buy back at 20 if thats what you expect. And that was part of my thinking.

[sikhthetech] 19/9/2020 12:56

sr2day/scruff

"i cannot see 24p being broken."

People said the same thing regarding 30p.

The point is if you're trading then there could be difficult times ahead in Q4, when several uncertain events come together within a short space of time (Covid, Brexit, US election, Furlough ending, mortgage pay hols ending, btl evictions, China trade wars etc).

However, if you're thinking about the longer term then short term share price movements shouldn't bother you. Why would they? The share price is currently 25p and I think, should move towards 20p if we have another stock market crash, which I am expecting.

[covid 19 deal] 19/9/2020 12:35

Uk plc...get run by headless chicken...back office scientist who killed 50000 with out giving them a fighting chance providing wrong policy in first 3 months...hiding behind the wire..not coming down to clinical are...

[covid 19 deal] 19/9/2020 12:31

Foxes in the shell of cats..lol..dreaming of making few pence on spread betting shorts... to me once inva life time opportunity to buy at these bottom end...1 yesr to hold..double the money ..walk away...virus..i kill them...i know what all these scare mongering by headless chickens

[aceuk] 19/9/2020 12:28

Only got to open your eyes and look at what's happened over recent years and what is happening now.

Everything - your banking, your holidays, your car purchase, your house purchase, your mobile phone .... in fact almost any purchase you make now - has become about the fees: the way companies make their money has changed completely.

The opening up of the world through the Internet encouraged a huge and seismic shift. Globalisation changed the market - anybody anywhere could suddenly buy and get delivered anything from anywhere for not a lot of money. Certain companies which had the supply chains in place AND a sighted IT department cleaned up - Next in clothing, Nisbets in kitchen supplies, etc.

Now Internet search has gone local - your smart phone doesn't send you to a restaurant/takeaway 20 miles away. Covid has fed into this - people are already beginning to find there local area has more than they thought. And of course desperate governments are trying very hard to go local because national is too expensive.

This is going to take quite a while to shake down and time horizons will probably have to be extended for most things in life.

[hernando2] 19/9/2020 11:35

Ive been doing a bit of reading on the implications of negative interest rates, in general they aren’t good for banks, and they are a sign that the authorities are very worried.

deflation lurks round the corner and banks curtail lending as a result.

Who knows how it will impact lloyds , but it's worth doing bit of reading on it.

For example a bank in Denmark is offering a 20 year mortgage at 0%, presumably rather than depositing the money with the central bank and being charged.

and a bank in Germany is charging small saver 0.5% on their cash fro holding it.

If these isolated instances became more common them i guess we can see a bit of the future.

[essentialinvestor] 19/9/2020 11:33

As mentioned a few weeks ago, the question to ask is ... are UK domestic banks
investable as an asset class?.

How do you value Lloyds currently, given the degree of uncertainty,
I'm not sure that’s possible.

[alphorn] 19/9/2020 11:22

mm2 - that is a good point. Always difficult to judge many posts without knowing the context and numbers involved. There have been several posters in Lloyds who have have staggering amounts invested; even more staggering that they were basically their only investment.

[mikemichael2] 19/9/2020 11:13

You guys talk about 'selling out' what sort of loss are you talking about? I don't mind saying i'm about 10k down on my Lloyds holding, i don't like it but don't see any point in selling (if you think they will come back in one or two years).

I'm mainly in cash, and have very little outgoings, but everything is relative, that guy the other day was saying he is 700k down on his portfolio and had lost 7k on his Lloyds sale.Now thats scary, but if he has a few million in the bank!!!!

[scruff1] 19/9/2020 10:46

wllmherk
Appreciate your thoughts and tend to agree re Lloy. I think that wherever the bottom is it cant be far off where we are now and for meI as I suspect for you a bit more pain wouldnt make much difference at this point (unlike those who entered sub 30p or so). However a lot of my stocks are constantly dripping away capital and as an active investor I am beginning to think its a bit negligent of me to let it continue given the outlook

[utrickytrees] 19/9/2020 10:44

Careful you've not thought about the implications of having a destitute country on your door step have you? Our great country would be plagued by fat un couth workshy Jocks for one. No keep the Jocks where they are we just need put a cap on how much money they get.

[grahamite2] 19/9/2020 10:35

I don't know of a minister called Peter Gilmore.

There was one called Ian Gilmore, known to Private Eye as "old cemetery face," who hated Mrs Thatcher's guts. Nothing he says about her can be taken at face value.

[minerve 2] 19/9/2020 10:32

Following their leader, Boris.

[careful] 19/9/2020 10:19

Utrickytrees.
how can a Brexiteer be against Scottish independence?
Self determination and all of that.

You must be confused.com but so are most on this thread.

[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.