Lloyds Banking Share Discussion Threads

[marktime1231] 09/5/2024 12:45

"The governor of the Bank says it needs to "see more evidence" of falling inflation before cutting the base rate"

Well the next UK CPI figures for the year to April are released on 22 May. So Fat Boy why not time your decision with those figures available instead of hiding behind what you say is an inability to see what everyone else can see ... we are confidently told in the financial press that it is now a consensus that CPI will print below 2%. If others have preview why don't the BoE? How much more evidence do you need!

Bernanke should have been more direct in his criticisms of the BoE inability to see what is going on and have the confidence to make timely decisions rather than leave it until too late.

How about responding to increasing evidence that high interest rates are stalling the UK economy?

The Fat Boy is gutless, waiting for a cue from the US so he can hide behind their decision, fiddling when what the country needs is a boost. Bravo to the two who voted for a cut.

[noramping] 09/5/2024 12:12

2 voted to cut , up from 1 last time

[jordaggy] 09/5/2024 11:31

Home repossessions rise as higher interest rates hit households
In a worrying signal from the housing market, the number of properties being repossessed has jumped by a third at the start of this year.

Trade body UK Finance has reported that 870 homeowner-mortgaged properties were repossessed in the first quarter of 2024. That is 36% higher than in the previous quarter and 9% higher than in Q1 2023.

In addition, 600 buy-to-let mortgaged properties were taken into possession in the first quarter of 2024, 20% more than in the previous quarter.

UK Finance says the increase is largely due to historic arrears cases now working through the court system, adding that possessions numbers remain very low compared to historic norms.


More borrowers have fallen into arrears on the their mortgages too, squeezed by higher interest rates.

There were 96,580 homeowner mortgages in arrears of at least 2.5% of the outstanding balance in the first quarter of 2024, 3% more than in the previous quarter and 26% more than a year ago.

Also, 13,57 buy-to-let mortgages-holders were in arrears – a 93% jumped on last year.

Charles Roe, director of mortgages at UK Finance, says:

“The number of mortgages in arrears, while still low, continues to rise as households remain under pressure from the cost of living and higher interest rates.
“Lenders offer a range of support to anyone worried about their finances, with teams of trained experts ready to help. If you are struggling, please reach out to your lender as soon as possible to discuss the support options available.”

[alphorn] 09/5/2024 11:08

fwiw. UK Finance has reported that 870 homeowner-mortgaged properties were repossessed in the first quarter of 2024. That is 36% higher than in the previous quarter and 9% higher than in Q1 2023. In addition, 600 buy-to-let mortgaged properties were taken into possession in the first quarter of 2024, 20% more than in the previous quarter.

[estienne] 09/5/2024 10:59

Its due for payment on 21st May (1.84p)

[gambill] 09/5/2024 10:32

Can some please tell me when Divi is due Thanks

[fewdollarsmore] 09/5/2024 10:05

Are rate cuts good for banks I lose track as I thought increases would be good but not according to the share price performance during those times... flip a coin!!

[gotnorolex] 09/5/2024 09:04

Had no idea you were a Bible scholar Scruff! If only the whole country were conversant
with The Deuteronomic Code we'd have no woke's!
Example.....
25:11 If men get into a fight with one another, and the wife of one intervenes to rescue her husband from the grip of his opponent by reaching out and seizing his genitals, 25:12 you shall cut off her hand; show no pity.

[yump] 09/5/2024 08:54

Long term chart - if you like charts - 60-70p seems like a target - looks like a big resistance there.

[noramping] 09/5/2024 08:49

I doubt any rate cut, we will follow the FED, not the other way round.

[scruff1] 09/5/2024 08:41

I suspect there will be a lot more than 64 stepping down - though it wont be confirmed until sometime during the morning of the post election day. Good riddance to the majority of them. Maybe they could all cross the floor en masse - like the lost tribes of Israel being reunited with Judah.

[jordaggy] 09/5/2024 08:29

We could see a 25pt rate cut today...then again, we might not.

[diku] 09/5/2024 07:50

Having a jolly good time until then...




More Conservative MPs are standing down at the next general election than at any point since Labour’s landslide in 1997.

Sixty-four Tories have now said they plan to quit Parliament rather than face re-election, with a poll expected in 2024.

There are fears the Conservatives are on track to suffer a heavy defeat, with The Telegraph’s poll of polls currently putting Labour at around 20 percentage points ahead of the governing party among voters.

[diku] 08/5/2024 21:44

So another MP defects from Tory to Labour...they moving to labour because labour have a magic wand to sort out boat migrants?...if that is the case why isn't Tory implementing this in the best interest of the Country...and all those voters who voted for that Tory MP where do they stand...have a by election and don't vote for that MP...

[geckotheglorious] 08/5/2024 21:27

Lmao, you're kidding KKClimber

kkclimber56
Post 394438

The vast majority of them are....
B. Unrepresentative of the vadt majority of true conservatives who are right of center and not right wing extremists

There is nothing Right Wing extremist about this bunch of fake Conservatives.

They're Centre left

ie Blue Labour.

You're farkin deluded.





The name Conservative no longer represents a party but rather a banner which a variet of trojan horse extremists are using to gain a foot in parliament but unfortunately the are no centerists with the competence to throw ghdm out of the party.

More drivel. Let me guess, youre a wet Kenneth Clarke /Michael Heseltine supporter.


The currently Conservative party is to the LEFT of them

There is nothing Conservative about this bunch of shysters sporting the blue rosette.

The best thing that can now hapoen is a wipe out and the party uses the next 15 years to sort itself out


Agreed because there is nothing Right Wing about them, nor has there been for decades.

Cameroon /Libdem coalition 2010
Traitor May
Blundering Boris (a Centre leftie outside of Brexit)

You're spouting tosh. As any Progressive leftie/Centrist, tree hugging Libdem voter would.

[jl5006] 08/5/2024 19:19

Tory mp defects to the goons
Not even worth a thoughStupid woman

[hardup1] 08/5/2024 18:01

After 51 trading days, buyback complete to date:
Total shares to date........................1,170,900,546
Aggregate cost to date... ..................£589,754,657.28
Average price paid to date..................50.3676p
Percentage of £2 billion buyback completed..29.49%

[fewdollarsmore] 08/5/2024 17:16

Ok hardup perhaps wrong choice of words but it was not paid out meaning we missed out therefore I would much prefer a couple of special divi payments but if the share price goes north of 70 then I will be happy!!