Lloyds Banking Share Discussion Threads

[alphorn] 29/10/2020 10:18

stoned - the entertainment from the Brexiteers whining on here is amusing - but I do have a some Ords plus Prefs.

[smartypants] 29/10/2020 10:17

Positive news from LLOY...
There is a first

In the three months to September 30, Lloyds' pretax profit surged to GBP1.04 billion from just GBP50 million a year before.

Lloyds noted it put aside GBP1.80 billion in the third quarter last year to cover a sharp rise in payment protection insurance claims - which was not repeated in the third quarter of 2020 as the deadline for claims has passed.

Net interest income dropped 16% year on year to GBP2.62 billion from GBP3.13 billion.
Net income fell 19% to GBP3.40 billion from GBP4.19 billion.

Banking net interest margin worsened to 2.42% from 2.88% a year before.

Lloyds operating costs were reduced by 2.6% to GBP1.86 billion from GBP1.91 billion, but the drop in revenue saw its cost-to-income ratio worsen to 56.9% from 47.6%.

"The impact of the coronavirus pandemic on the global economy and on people and businesses within the UK has been unprecedented. We remain focused on working together with the government and our regulators to ensure that we continue to support our customers in this challenging time," Chief Executive Antonio Horta-Osorio.

[cheshire pete] 29/10/2020 10:16

Trump and Farage not charlatans imv, they're freedom fighters. Men of principle who can't be bought off by the establishment.

[mikemichael2] 29/10/2020 10:15

A tick from me Min, agree nice bloke.

[mikemichael2] 29/10/2020 10:09

100.000 positive results each day, 1 million in 7 days, a year and a bit and we've all had it!!!

And now, poor bobby's copped it.

[cheshire pete] 29/10/2020 10:02

Whether or not the figures stack up either now or next Spring when hopefully through the worst, the press would have a field day if banks started paying shareholders divis while lockdown restrictions in force.

[smartie6] 29/10/2020 09:54

Are you guys crazy. Paying dividends at a time of severe bad debt write off requirements. FFS. Bolster the capital base. Given current circumstances I thought you’d have realised that by now.

[cheshire pete] 29/10/2020 09:52

Good to see Nigel Farage batting for Trump fighting for the Nation State and taking on the Establishment and globalism once more. Doubt that our media will show it though.

Odds on Trump shortening, Biden drifting. Trump victory.

[alphorn] 29/10/2020 09:48

Reaction to today's numbers to the plus side, which is good. Pity no dividend but good to see that there is no mention on the Prefs (eg LLPE). No news is good news.

(LLPE yield 5.97% fi).

[arjun] 29/10/2020 09:46

Agreed, agreed but but something in there to to re: shareholder interest would have been nice? :-)

[alphorn] 29/10/2020 09:39

It does get discussed from time to time. Switzerland has very high gun 'ownership' because of the military service. It does not mean that everybody goes around shooting each other. Most villages have ranges for the recruits compulsory practice.
They use live rounds for exercises - my son was talking to a US officer for a joint exercise and who was shocked to see the live ammo. He said that they couldn't do that as they would lose too many people.

[xxxxxy] 29/10/2020 09:37

The Brexit Britain sun shines on JapanIf Japan can agree a trade deal with the UK in just three monthswhy can't the EU manage it in four-and-a-half years??© Brexit Facts4EU.Org 2020World's third & fifth largest economies sign historic agreement to launch Global Brexit BritainOn Friday 23 Oct 2020, Liz Truss, Secretary of State for International Trade, flew to Tokyo and signed the UK's first trade deal with a G7 country: Japan.  Named the UK–Japan Comprehensive Economic Partnership Agreement (CEPA) the Government describes this as:"The first deal that the UK has struck as an independent trading nation. A British-shaped deal that goes beyond the existing EU agreement, securing bespoke benefits for British businesses and citizens."This deal also marks an important step towards joining the Comprehensive Trans-Pacific Partnership free trade area, which would result in closer ties with 11 Pacific countries which represent 13% of the global economy. This economic area is growing far faster than the EU.The deal rolls over the EU's arrangements with Japan and betters themIn the past the UK had to accept the priorities of the 27 other member countries of the EU when the EU Commission was conducting its very lengthy negotiations. The interests of some of these countries – many of which are tiny - were of course widely divergent from those of the United Kingdom.Now that the UK is negotiating on its own behalf it is able to tailor trade deals to the UK's specific economic interests. As the Dept for International Trade states:"The deal is tailored to both economies and goes beyond existing EU deals, with big benefits for digital and data, financial services, food and drink, and creative industries."The deal brings together two of the world's most technologically advanced nations, placing the UK at the forefront of shaping new global standards on digital trade."The path to the Pacific opens up for Global, Brexit BritainThis trade agreement also includes a strong commitment from Japan to support the UK joining the 'Comprehensive and Progressive Agreement for Trans-Pacific Partnership' (CPTPP), one of the world's biggest free trade areas.The countries who form part of the CPTPP are: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Together they cover 13.4% of the global economy and more than £110bn of trade.? The agreement entered into force over the first two weeks of last year (2019) and the CPTPP is now the third-largest trading bloc in the world.The UK International Trade Secretary, Liz TrussOn Friday in Tokyo, the Secretary for International Trade, the Rt Hon Liz Truss MP stated:"Today is a landmark moment for Britain. It shows what we can do as an independent trading nation, as we secure modern and bespoke provisions in areas like tech and services that are critical to the future of our country and the reshaping of our economy."?OBSERVATIONSThis significant economic and political development for the post-Brexit United Kingdom which begins on 01 January 2021 received relatively scant media attention. Those articles which did appear were more inclined to be dismissive, or damned with faint praise.Let's be clear about the basicsThis trade deal with Japan was secured in a little over three monthsThe EEC/EU didn't manage this for 60 yearsIt means a UK trade deal with the world's third-largest economyIt opens the door into the Pacific markets for Global Brexit BritainIt improves on the EU's arrangements and is tailored to British interestsRemainers can scoff all they want. The deal with Japan can always be improved – this is in the nature of trade deals and it will happen. However this is a good deal right now which secures UK-Japan trade at the end of this year. The important thing is that this a huge shot in the arm for the country and it's very welcome news.This deal really does beg the question. If Japan can roll over and improve its trading relationship with the UK for the post-Brexit world in just three months, how come the EU has proved incapable of this in four-and-a-half years?Finally, a small gripe. Whilst we understand Liz Truss wanting to sign in Tokyo in order to secure more coverage in the Pacific press, we would have insisted that the deal be signed in London. It might then have received more UK press coverage, thereby sending a positive message to the people of the United Kingdom about Brexit and would incidentally have sent a delicately-thumbed nose to the EU.We've said this many times before and we'll say it again: Government communications in Whitehall continue to need a massive shake-up.And finally finally, readers who were hoping to read an article about rescinding the Withdrawal Agreement and what Brexit Facts4EU.Org is doing about this must be patient for another day. Our resources were insufficient to complete this. We hope to publish some exciting news tomorrow.Readers who have not already donated to fund our work (which involves no limos, no secretaries, no long lunches – unlike the EU Commission) could do so in a two shakes of a Juncker martini. Quick, secure, and confidential donation links are below this article. We only survive on public donations – unlike some Remainer organisations no foreign billionaires have ever funded us, sadly....

[pwal] 29/10/2020 09:34

I believe it is up to the BOE to say dividends can be paid.

[ekuuleus] 29/10/2020 09:32

Yeah but if I lived where alphorn lives...

[dope007] 29/10/2020 09:28

Solid numbers considering the current stock price, although results from BT where far better in relation to its stock price. Happy to continue to hold and add to both

[arjun] 29/10/2020 09:26

Morning allBit disappointed that no mention on Divi.Hey ho onwards and upwards to q4