Lloyds Banking Share Discussion Threads

[arjun] 28/9/2020 09:21

Let's hope, Looking forward to that, hopefully bottom is in? GLA

[arjun] 28/9/2020 09:17

Morning all,Very quiet here today...Have a good day all;-)

[sr2day] 28/9/2020 08:35

hold tight,this is about to break out.at least 30p by friday.

[bargainbob] 28/9/2020 08:10

Divi carrot working it seems , trying to put a bottom on the price with the leaks yesterday.

[xxxxxy] 28/9/2020 07:40

No to negative interest ratesBy JOHNREDWOOD | Published: SEPTEMBER 28, 2020I welcomed the arrival of the new Governor this Spring. He immediately responded rapidly and decisively to the pandemic induced collapse of demand and activity with a strong programme designed to generate fast money growth as an offset to the large contractionary forces brought on by lock down. Like the Fed but on a smaller relative and absolute scale, the Bank created money and bought up government bonds, lowering the interest rates in the process.Money growth accelerated rapidly, hitting 13% on the wider M4 measure. This was a welcome contrast with the previous Governor's era when for the later years the Bank was busy slowing money growth well below a safe speed, which was duly reflected in and contributed to lower overall GDP growth. In the last couple of months it appears that the Bank has throttled back its money programme, which will become a problem as we face more regional and local lockdowns.Maybe the Bank was unduly impressed by Chief Economist Mr Haldane's confident and positive forecast of a sharp V shaped recovery. My readers will know I never thought that likely. It must now be clear to Mr Haldane that this is not going to happen. All the time large sectors like hospitality, leisure, shop retail, travel , property and others are impaired and damaged by the Covid measures, there can be no early return to total output and incomes at February levels. The fear must be that recent news of the virus will depress confidence again and lead to substantial job losses as exposed businesses recognise there is no early return to full capacity working for them.I read that the Bank is reconsidering using negative interest rates. The Governor wisely expressed scepticism about such a course in his earlier interviews. There is no evidence to suppose that the official rate of interest at 0.1% is too high or causing a problem. Taking it mildly negative will not provide a significant boost, nor will it allow businesses scarred by the pandemic measures to borrow more cheaply, as commercial banks will want a big margin to take care of loan losses from future bankruptcies and capital write offs. Countries that have gone negative have not shown any striking gains to output as a result. Despite its large issue programme the UK government can currently borrow very cheaply. That can continue and will be assisted by the Bank's bond buying programme.The Bank has the tools it needs to support the economy in these worrying times. The main issue for the MPC to settle is the pace and scale of money creation and bond buying. Having started so well as the crisis struck, they need to look to that again now we have another knock to many businesses and sectors from the further measures being taken on health grounds.

[buywell3] 28/9/2020 00:26

------------------ UK Markets to face a Double whammy very soon now ---------------



buywell started the BUY thread on June 3rd with the premise that banks would and have been showing the way the UK general economy is heading

Since 3rd June the FTSE 100 has dropped circa 10%

On a comparison chart with 5 UK Banks since that date they have dropped 30%





Whammy number One:


Conclusion

The FTSE 100 is at this point circa 20% over valued due to following the USA markets

The USA markets have leapt higher higher due to less than 10 BIG STOCKS which are now driving USA indexes themselves because of their huge market weighting due to FED stimuli

The UK market does not exhibit this phenomenon and IMO is now in a false position

One which this coming week will be exacerbated by the 10pm pub fiasco and UNI and College and Schools having to lockdown pupils before the term starts

A 2 week Circuit Breaker Lockdown will be announced later this week , the cabinet are discussing it now.
Chief medical advisers asked for such a week ago
60% of Wales is now under total lockdown

A 2 week National Lockdown announced now will hurt markets more than if it was done a week ago

The plot has been lost ---- see BUY boris for some guidance

imo dyor

[buywell3] 28/9/2020 00:13

------------------ UK Markets to face a Double whammy very soon now ---------------



buywell started the BUY thread on June 3rd with the premise that banks would and have been showing the way the UK general economy is heading

Since 3rd June the FTSE 100 has dropped circa 10%

On a comparison chart with 5 UK Banks since that date they have dropped 30%





Whammy number One:


Conclusion

The FTSE 100 is at this point circa 20% over valued due to following the USA markets

The USA markets have leapt higher higher due to less than 10 BIG STOCKS which are now driving USA indexes themselves because of their huge market weighting due to FED stimuli

The UK market does not exhibit this phenomenon and IMO is now in a false position

One which this coming week will be exacerbated by the 10pm pub fiasco and UNI and College and Schools having to lockdown pupils before the term starts

A 2 week Circuit Breaker Lockdown will be announced later this week , the cabinet are discussing it now.
Chief medical advisers asked for such a week ago
60% of Wales is now under total lockdown

A 2 week National Lockdown announced now will hurt markets more than if it was done a week ago

The plot has been lost ---- see BUY boris for some guidance

imo dyor

[xxxxxy] 27/9/2020 22:14

No DealWTONos da. Cymru am byth.

[minerve 2] 27/9/2020 21:30

Tin pot men for tin pot Britain. Perfect!

[cheshire pete] 27/9/2020 21:22

BBC cooked its own goose, deserves to be purged of lefties. Charles Moore and Paul Dacre...what a dream team.

Just like the EU, take the mickey for years and eventually people wise up to it and want to leave.

[essentialinvestor] 27/9/2020 20:55

Fraud on bounce back loans.

[xxxxxy] 27/9/2020 20:32

That we are tightening crude, nationwide restrictions is an admission not just that recent policies were misguided, nor only that the test-and-trace system is not good enough, but that we have advanced little in our thinking since March. Six months on, is this really the best we can do?Ryan Bourne holds the R Evan Scharf chair for the public understanding of economics at the Cato Institute... Daily Telegraph

[xxxxxy] 27/9/2020 20:28

Anthony New26 Sep 2020 7:44AMWhy not accept that the virius is now endemic, that containing it is impossible, and that all the Government's measures are foolish, destructive, and irrelevant?9LikeReplyAdam Power26 Sep 2020 9:48AM@Anthony New All sensible people think this.3LikeReplyDavid Lyme25 Sep 2020 10:16PMThis is all a load of nonsense.Hysteria from the MSM coupled with a massive overreaction from our useless politicians have caused the greatest act of self harm in the history of humanity.How very stupid we have been!!

[xxxxxy] 27/9/2020 20:26

Simon Coulter26 Sep 2020 3:10PMIt's been less of a flattened curve than a dead cat bounce.Apparently only 300 people under 60 with no known comorbidity have died as a result of coronavirus in the past 6 months. In a country where, on average, 1500 people die every day. That is less than two a day.1LikeReplyArnold Savage26 Sep 2020 11:33AM" in the presence of a dangerous infectious disease, "  - but WE are not in such a presence.LikeReplyDerek Clews26 Sep 2020 8:12PM@Arnold SavageONS has Week 33 England and Wales Covid related deaths 1.5% of total 8,767  And:In Week 33, 12.1% of all deaths mentioned "Influenza and Pneumonia", COVID-19 or both, compared with 13% in Week 32. "Influenza and Pneumonia" has been included for comparison, as a well-understood cause of death involving respiratory infection that is likely to have somewhat similar risk factors to COVID-19. Looks like Flu is the problem.  

[jl5006] 27/9/2020 20:24

Stoned
He must have just eaten his EU pill - they are mind destroying- and always make u blink in the right direction.
Or phps he was stoned? A beautiful day for democracy?????

[jl5006] 27/9/2020 19:49

Students ?