Lloyds Banking Share Discussion Threads

[mitchy] 01/10/2020 08:17

E.U manufacturing looking to be better than expected.

[scruff1] 01/10/2020 08:01

UTYINV
I agree with you on the quality of IK engineering. In the early 70's I was a trainee cost accountant with an engineering co. At the time Rolls Royce received a present. A drill bit the size of a human hair. It bore the message 'With Compliments - Westinghous'. Some time later Westinghouse received a present with the message 'With Compliments - Rolls Royce' - it was their drill bit with 3 holes drilled through the shank. I read this morning that they are attempting a placing :-(

[mitchy] 01/10/2020 07:41

Most of lloyds loans are in U.K property. With house prices continuing to rise the future looks peachy. But there seems to be a disconnect between earnings during lockdown and house prices suggesting a bubble may have formed. Caveat Emptor.

[xxxxxy] 01/10/2020 07:30

Lifelogic
Posted October 1, 2020 at 5:35 am | Permalink
Indeed.


I understand that Covid is now about the 24th commonest cause of death (plus it is mainly killing very old people) and represent only about 1% of daily deaths. All deaths are sad but clearly the government has it totally out of proportion. The lockdown is now clearly causing more damage and indeed deaths than the virus.

I have never been impressed by Simon Stevens (lefty & PPE Oxon yet again) but did he really say ‘we are not going to have aged-based apartheid across this country’? What on earth is wrong with sheltering the vulnerable. A great shame the dire NHS and Health Dept. did not do exactly that leading to so many deaths in care homes and of people infected in hospitals.

[xxxxxy] 01/10/2020 07:25

Javelin
Posted October 1, 2020 at 5:40 am | Permalink
Based on the wall to wall negative comments in the press Boris has more than done enough to destroy the credibility of the Cabinet.

A 0.2% death rate at present, the vast majority in over 75s with pre-existing conditions and severely damaging millions of under 40s lives. The virus will be around for years and years, based on the existing rules so will the lockdown. So when the rules change, as they will, then how do the Government justify the about turn. They can’t.

[xxxxxy] 01/10/2020 07:23

There not their.

[xxxxxy] 01/10/2020 07:23

The Vulnerable are going to have to live by different rules.Others, importantly children and young must live fully and be normal. They are the Future.Reality is a difficult place for some.Cling film for some.For most. Live a little. Live.Love and Peace.

[vauch] 01/10/2020 07:19

is their any postings on this forum about LLoyds.

[xxxxxy] 01/10/2020 07:17

We need an exit plan from CV 19 restrictionsBy JOHNREDWOOD | Published: OCTOBER 1, 2020In the world of the government advisers the UK has to carry on with major restrictions on our freedoms to contain and reduce the incidence of the virus. They want us to do this until a vaccine is available that works well and is accepted by the bulk of the population.They do have to tell us that of course the present vaccines in trials may turn out not to be effective, or may show side effects that are unacceptable. There may be long delays in developing a successful vaccine. Even when one is available it will take time to produce enough of it and vaccinate enough people with it to allow removal of the controls.That is why I have been urging Ministers to have a Plan B, a plan for relaxing controls when there is no generally available effective vaccine. Some scientists think Sweden shows that the virus stabilises or wanes after a period of time, as more people have immune systems capable of warding it off without vaccine intervention. Others have a number of proposals to improve treatments, help containment and protect the vulnerable better, so more people can resume a normal life.We now seem to know the most vulnerable groups are the elderly and those with other conditions like diabetes and obesity. It is possible to devise ways to offer all those most at risk better safeguarding whilst allowing the rest of the population to behave more normally. All those who wish to shield themselves should have access to support to make this possible for them.Many of the deaths we experienced in the spring came in Care Homes. There could be stronger rules preventing the return of patients from hospital with CV 19, tests for new residents and regular tests for Care Home staff. It would be best if people can keep in touch with their families through on line systems and the phone. Of course people will also want some face to face meetings. These can be organised in gardens, with suitable ways of keeping warm on colder days, or in large meeting rooms with a good circulation of air designed to avoid contamination.It is important to ensure good infection control in hospitals, preferably by having designated CV 19 hospitals with other hospitals virus free. I await progress reports on a range of possible treatments that some doctors claim can make a difference.We need a message of hope. There does have to be plan to get us out of lock down whilst avoiding deaths and helping people take sensible precautions to control the disease. We must not allow a large number of good businesses to be written off because they are not allowed to trade at all or under such constraints that they are not commercial.I am trying to persuade Ministers they need a new plan to restore our liberties.

[xxxxxy] 01/10/2020 07:10

John Redwood@johnredwood14hNo need to offer our fish to secure a Free Trade Agreement with the EU. They had another three years to take our fish since the vote already.

[utrickytrees] 01/10/2020 06:08

On CV response, what's going to be important is the UKs spending relative to everyone else's. I said back in March that Japan could come out of this quite well. Warren Buffet must follow my posts.
Provided we get a hard Brexit our Bus money & all the lovely EU tariff lolli should pay off the covid expenditure in 12-18 months by my reckoning. After that we should be generating enough from the EU to pay the Jocks the 11k/per year universal income they want & still have enough to compensate Jock Students by paying their living accommodation expenses like Oxford University do for all their Black Scholars.... It's only right & proper.

[freddie ferret] 01/10/2020 00:12

Perhaps I should point out I am in favour of the govt being allowed to do whatever is neccessary to supress the virus.

[freddie ferret] 01/10/2020 00:11

The present situation is interesting.

The 1922 committee can not operate atm.

I think we may be close to a Kristalnacht moment, basically legitimate excuses to suspend effective democracy.

[minerve 2] 30/9/2020 23:29

TORY LIARS
TORY SCUM

[minerve 2] 30/9/2020 23:28

The horrendously wasteful profligacy of the coronavirus response really rubs salt into the wound of austerity being the biggest con ever. They presented a narrative that any increases in government spending would risk a debt crisis and that we were teetering on the edge of financial ruin, and then they strangled growth and investment by starving public services of funds.

And now we're looking at ~£60bn+ for furlough, £23bn of dodgy loans that might have to be written off, £15bn for PPE...

To put this into perspective, in 2010/11 the annual police budget was £14bn and by 2014/15 the party of law and order had, for absolutely no good reason, slashed this down to £12bn a year. Just one example of a myriad array of miserable cuts they made to key services which in the grand scheme of things saved peanuts.


FT Comments

[kendonagasaki] 30/9/2020 22:52

Well Merkel has signed 3 days ago that she will not and the EU will not bail out and failing banks...?Give me a D?GiveMe a B ?

[utyinv] 30/9/2020 22:32

Mitchy

Post 12444 : I believe this country is still one of the most innovative in the world and we deserve to be in a much better place than we today after everything we have brought to the table...for the whole world.
Rant over.

No need to rant, I agree. I have been promoting British Engineering for over 40 years👍

[utyinv] 30/9/2020 22:24

Alphorn

Post 12442,

Yes chassis made in SA put together in U.K. small workforce as they only produce a limited amount per year.

With the 600 priced at approx £275k it is made to compete with Ferrari

0-62 in 3.2 secs 650 bhp

[fse] 30/9/2020 22:24

Having a squint at these after someone mentioned them on another thread.
If anyone can shed some light ?
I note the current PER at @7 what was it normally ? and what is the estimated future PER.
Does anyone have any feeling on the quality of the loans they are holding.
The share price has indeed severely retraced on Covid and Brexit developments.
They appear to me to have been overvalued before likely driven up by low interest rates forcing people into stocks and property which then became overvalued.
Anyone any idea historically how they are valued.
On the surface they look fairly valued in todays climate.
If matters deteriorate further then they may fall back further but it would appear that they would recover from these levels just as likely.
Anyone feel the share price price fairly reflects the current situation.
Thanks for any feedback....

[scruff1] 30/9/2020 21:46

I read a post a few days ago from Alp about his friend buying some Tesla truck. Others complained saying the batteries were rubbish. They used to be in mobile phones !!
BP investors similarly being torn

[scruff1] 30/9/2020 21:39

Large Industries of old. mmm. Cotton spinning/weaving. Unhealthy/poorly paid. Coal mining. Deadly/most seams worked out/Greta dont like it. Steel. Coal + iron ore gone all now imported (trying to keep the sheffield steel industry going was simply agains economic geography. Shipbuilding. Just couldnt compete -see steel. Engineering - see steel and plastics. Let it go. As I read somewhere recently - Data is the new oil. China is the new Saudi Arabia. Its getting beyond me but the super fast changing technology is where its at. Either get in the front or get in the back. IMO

[stonedyou] 30/9/2020 21:36

'Britain is READY to walk away!' Gove in furious threat as EU's Brexit games
EXPOSED

Michael Gove believes the European Union's behaviour over the last four years has proven that it is not worth compromising in Brexit talks - and warned Brussels there will be no last minute capitulation.


The Chancellor of the Duchy of Lancaster who runs the Cabinet Office at the heart of government and is responsible for the Brexit talks, has given his clearest warning yet that Britain will happily walk away with no deal in a few weeks time. He mocked Brussels for being reduced to “kidology” to give the impression Britain was compromising when it was Michel Barnier’s team having to make concessions.

Mr Gove was speaking to Tatton MP Esther McVey in an exclusive interview for the Blue Collar Conservatism/Daily Express virtual conference this week.