Lloyds Banking Share Discussion Threads

[scruff1] 28/10/2024 22:13

I agree Ortega. Dont wish to underplay the damage but I think its been over reacted due to the general jitteryness of the market - US, Budget, ME, China, Labour's chaotic economic strategy global debt and so on. Bloody annoying though as a long term holder and just beginning to get up a head of steam again. Investing is a bloody frustrating occupation. Reminds me of the Robert The Bruce/Spider tale

[hardup1] 28/10/2024 21:58

Well if the result of this is no more buybacks for for 2 or 3 years to repay any commission then all staff share awards should also be stopped as well.

[ortegaworm] 28/10/2024 21:29

The analysts put it down as 3.9 billion worse case scenario. This is going to hurt, but I don't think it will be as clear-cut as PPI. Over 4 billion already wiped off the share price. Plus, 450 million set to one side. I feel this has been oversold at this point, even in a worse case scenario.

[blackhorse23] 28/10/2024 18:54

https://www.proactiveinvestors.co.uk/companies/news/1059281/lloyds-and-close-bros-facing-much-greater-motor-finance-uncertainty-after-appeal-says-broker-1059281.html

[1carus] 28/10/2024 18:51

This may get kicked down the road for some time. In which case LLoyds just have to put 500m aside each year to cover it over 4 years. "2bln" isn't gonna come out of one years earnings. Not ideal. Anywyay, they could just sell the 2bln of buy back by then to cover it. Stuff always happens in business, if it wasn't this it would be something else. Truth is LLoyds is a way better bank now than what it was pre 2008 and the crash, and maybe too conservative. Divis will continue to increase which is why I am here.

[yump] 28/10/2024 18:45

Have you nicked that idea from the Terminator films?

[jl5006] 28/10/2024 18:31

BTW
How to ruin sport
Employ a Spaniard to coach Scotland - i cant understand what they say - employ ppl such a Man u coach - import non speaking mancunians and expect director imports to gel into a team - bit like labour understanding immigrant understanding of this once sceptered isle.
Ignorance is no excuse kneel - soon to be doom.

[hardup1] 28/10/2024 17:35

After 172 trading days, buyback complete to date:
Total shares to date........................3,053,445,244
Aggregate cost to date... ..................£1,654,679,341.90
Average price paid to date..................54.1906p
Percentage of £2 billion buyback completed..82.73%

[scruff1] 28/10/2024 16:58

An old English saying careful which you probably haven't therefore heard ' great oaks from little acorns grow.And another one. 'Don't argue with a Labour mp - he will beat you up'

[careful] 28/10/2024 16:41

The SDP remember them? were confident of winning the next election.
Remember David Steel telling hid Liberals to go back and prepare for government.
Now Reform (four MP's) and a leader who represents Clacton are preparing for government.

Rinse and repeat.

[rackersthedon] 28/10/2024 16:07

good letter that. says in detail what ive (and Nigel F) been saying for ages that we have two socialist parties vying for leadership - Labour and Tory.

This carries on then reform will wipe the floor clean come 2029 and i cant wait.
This is what happens when you drive the country into oblivion with a leftist agenda. History shows every time this happens - then in come the tories for another 15 years, until they get kicked out due to being tired, lazy and long in the tooth.

Rinse and repeat

[scruff1] 28/10/2024 15:45

5X
Just read that letter. It should be compulsory reading in all secondary schools. It is absolutely on the button. Something every intelligent person from my generation with an open mind knows. In fact it should be made into the national anthem or Lord's Prayer.

[careful] 28/10/2024 15:13

You are improving a little each day Rackers.
Keep it up.

[rackersthedon] 28/10/2024 14:49

at last - a post from careful which makes sense and one that i agree with apart from increasing taxes.

[car1pet] 28/10/2024 14:47

I should have waited for the US market to open before selling. I thought it would fall further but its going up. Still I'm in profit

[diku] 28/10/2024 14:25

Too many eggs in domestic market...

[smurfy2001] 28/10/2024 14:23

Hard call to make as the returns on BARC and NWG are way higher at the moment and LLOY is lagging behind % wise.

[scruff1] 28/10/2024 14:08

Can't disagree plop

[stonedyou] 28/10/2024 14:08

Russian MoD Confirmed Full Control Of Tsukurino In DPR

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No efforts help the Armed Forces of Ukraine decrease the pace of Russian advance on the Donbass frontlines. On October 28th, the Ministry of Defense of the Russian Federation officially confirmed the full control of the town of Tsukurino in the Pokrovsk-Kurakhovo direction.

In recent days, almost a dozen settlements have come under the control of the Russian army west of the Donetsk urban agglomeration. In some of them, the remnants of the Armed Forces of Ukraine attempt to resist to secure the retreat and Russian forces are completing the mop up operations on the outskirts. After the full control of the settlements is secured, the Russian Defense Ministry officially declares the liberation.

The Russian flag waving in Tsukurino in mid-October:

The town of Tsukurino is an important stronghold located between Selidovo-Gornyak-Kurakhovo. According to reports from the front, it came under Russian control weeks ago. Russian flag was raised in the town back in early October. LINK The Ukrainian military was present on the western outskirts, fighting for the local farm. As a result of the battles, they were repelled.

The Russian flag hoisted on the Dutch BMP YPR-765 west Tsukurino:


The Russian military was not hurrying to complete the mop up operations on the western outskirts of Tsukurino because they were developing their offensive in other directions. As a result
of the breakthrough to the north, they surrounded Selidovo from the south and took control of Vishnevoe on its western outskirts. As a result of a series of successful offensive operations to the south from Tsukurino, Russian forces took control of a wide area, entered Gornyak, took control of Izmailovka. As a result of Russian advance to the southwest, they took Ukrainian forces in the village of Kremennaya Balka into pincer grip.


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[car1pet] 28/10/2024 13:59

Thats it I've sold all my lloyds shares at 56.06p

[careful] 28/10/2024 13:58

Bond markets have steadied recently, yields are falling today a little.
But they are more influenced by the American Fed.

Poor Liz Truss, her budget came a few days after the US 10 year spiked at over 5%.
All bonds spiked worldwide but she got blamed for it.

Maybe if Labour go austere and increase taxes our own ten year bond yield could fall to around 3.5% which would be a huge boost to our economy.
The bond markets will be the judge and jury, we shall see if they pull it off.

The budget is interesting, watch the bond markets this week, the most important indicator.
Would be nice to get our interest rates down to German levels.