Lloyds Banking Share Discussion Threads

[xxxxxy] 28/3/2024 08:24

Our very irresponsible PM...All connections....No brain.

[xxxxxy] 28/3/2024 08:23

Robert Jenrick has claimed Rishi Sunak only went ahead with a package of measures to reduce net migration after he threatened to quit as immigration minister.In an interview with Allison Pearson on The Telegraph's Planet Normal podcast, Mr Jenrick claimed the Prime Minister had been "completely disinterested" in legal migration during his year in office.It was a repeat of similar allegations made by  Suella Braverman, the former home secretary, earlier this week....etc...Daily Telegraph

[mr.elbee] 28/3/2024 08:11

cup wiv' handle again?

[freddie01] 28/3/2024 08:07

We all know affordable housing is the answer but we have a useless Government that haven't the will,vision or expertise to make that happen.

Fudging around is the name of the game nowadays hence why I believe Lloyds has made the right move getting into rental.

[kkclimber56] 28/3/2024 07:58

What triggered the surge in tbe DOW ladt night

[scruff1] 28/3/2024 05:17

GNR - Phlebotomy has transitioned. Its called vinesection these days. I get blood tests every 3 months and if my iron (ferritin) is much over 100 they take a pint of blood out. It was every other week at first when they found my ferritin was around 1300. Its a gene thing. Ive had it all my life apparently (thanks to the paddies in my distant past) but they only found out about 5 years ago. The problem is your body cant naturally get rid of iron so it builds up in your organs and can damage em. The thing is I have a natural affinity for boozing - its a skill I have honed over many years. I have the tests and an ultra sound every year so until they find the screws are missing and its actually falling apart then I give me self periods of misery and abstinence interspersed with periods of drunken bliss
Interestingly they call it the Celtic Curse and apparently because of their diet mainly of potatoes which contain very little iron their metabolism evolved to retain it. Now of course they drink Guiness as well so they have too much iron and their poor descendants have hemochromotosis. Thanks grandad

[aceuk] 27/3/2024 19:13

The only real answer is for housing to become affordable again, fiddling round with loan-to-price rates, terms, etc. is not an answer.

That doesn't mean turning all homes into shoe or even match boxes!

[freddie01] 27/3/2024 19:08

New 99% mortgage could get first-time buyers on the ladder with just £5,000

Yorkshire Building Society is offering the low-deposit loan
First-time buyers could potentially get on the ladder with as little as a 1% deposit
The mortgage won't be available for purchasing flats or new build properties

[hardup1] 27/3/2024 18:18

After 24 trading days, buyback complete to date:
Shares today.................................24,447,226
Cost today.................................. £12,659,042.54
-----------------------------------------------------------
Total shares to date........................519,300,729
Aggregate cost to date... ..................£252,517,609.57
Average price paid to date..................48.6265
Percentage of £2 billion buyback completed..12.63%

[utrickytrees] 27/3/2024 17:55

Scruff have you thought about transitioning? I've been quacks today and need to either cut my alcohol consumption from 12 to about 9 pints/ week & give up sausages or transition to get me from a 10.2% risk of having a stroke in the next 10 yrs down to the target 10%. I'm really into be beer & sausages.

[chiefbrody] 27/3/2024 17:51

Well that's probably the obvious explanation and, shouldn't surprise anyone. No idea though tbh.

[carpingtris] 27/3/2024 17:34

The US market opening perhaps?

They couldn't be could they? ;)

[chiefbrody] 27/3/2024 17:22

Is that 3 days in a row when the share price has tanked mid afternoon. Do the buybacks stop at 2pm or something.

[jl5006] 27/3/2024 16:55

the unsmart meters - taken for fools by labour miliband
Only a fool believes what a politician says!
Bacon buttie Miliband sold the idea and sadly the tories failed yet again to understand that a meter will not SAVE money - perhaps enlighten the dim.
Even the not so bright would have refused - y cos control is what this is all about and all the recent comments about bribing ppl not to use at peak times.
Sadly the CS and the HOC forget the HOL have no ability to manage anything.
As has been the case since Thatcher.

[mr.elbee] 27/3/2024 16:17

monetary policy is not the only way marktime, and tolerating higher inflation is a recipe for disaster.. no, fiscal policy is the solution...... cut taxes and cut wasteful public spending ...... it aint difficult .. Thatcher did it we could too.

[1carus] 27/3/2024 15:46

I think the constant pumping of the banks for putting money in to the economy and threats of windfall taxes on any company that is profitable within the uk also has something to do with the fact that UK plc is becoming un-investible. Also to much regulation by the likes of ofcom, ofgen etc which has decimated those markets too. Profit seems to be a dirty word.

[aceuk] 27/3/2024 15:10

There is a one word answer - Brexit. One little word destroyed trust and reputation.

[marktime1231] 27/3/2024 13:39

This reads to me like the BoE Financial Policy Committee has been handed the question recently posed by the Chancellor to heads of UK financial institutions. Why are UK shares so cheap, why is there such a wide valuation gap between UK and US markets. Presumably no-one had an immediately good answer for the Chancellor, who must be worried about the plunge in domestic investment and the trend for companies to list elsewhere.

Trying to force UK investment by pressuring how big insurers manage their assets or the idea of a British ISA is pushing the market when actually we want the market to pull.

I would have thought one of the answers to why there is a value gap between the US and the UK is because US stocks are perilously overvalued compared to historic norms, a fact which has had super wise respected guru doom-mongers predicting a crash (which never comes).

Another simple reason is that the US economy is enjoying growth stimulated by federal government borrowing to historically very high levels, and the investor confidence this brings outweighs debt fears. Whereas the UK is in Austerity 2.

To get UK markets in to recovery and restore investor confidence the UK has to generate economic growth by stimulating the economy. Since we have such little room to borrow and spend the only way this will happen is by dropping the cost of money. Cut interest rates and watch how quickly UK stocks discount to value closes up.

This problem is slowly solving itself, it is not Nobel Prize winning theories we are after, just greater tolerance of moderate inflation and cheaper borrowing. We all know this already it is why we are invested in stocks like LLOY waiting for it to happen.

[geckotheglorious] 27/3/2024 13:14

Scruff
Sorry to hear that matey. Yes, definitely better to listen to the specialists advice over the Landlords.

[gotnorolex] 27/3/2024 12:50

See your phlebotomist scruff to get short of your iron loaded blood. Nothing to worry about!

[skinny] 27/3/2024 11:42

Yes it is unusual, but it is (just) the BOE 🙄

[optomistic] 27/3/2024 11:39

Skinny, it is the first paragraph that is of interest...had a bit of difficulty getting the link to work otherwise I would have done an edit.
Unusual the BOE bringing attention to the low valuations of the British Banks don't you think.