Lloyds Banking Share Discussion Threads

[cobourg1] 30/10/2024 10:19

I have been following and involved in buying and selling Lloyds for over 30 years. I have learned to never, never sell Lloyds at a loss, it always comes back and it will this time.

Lloyds will take this present overblown headless chicken nonsense in its stride and the drop in market capitalisation is just bonkers.

By any measure ( P/E, P/B, Earnings, Divi, etc) LLOY is now cheap in my opinion.

[jordaggy] 30/10/2024 10:09

More like play city for the fiddling boys.

[hardup1] 30/10/2024 09:18

The City Wide Boys are playing this like a fiddle manipulating the share price down.

[diku] 30/10/2024 09:11

And now smaller then Barc?...

[smurfy2001] 30/10/2024 09:07

What’s that over £6bn wiped off?

[diku] 30/10/2024 08:52

Don't know if I read news screen snapshot of Starmer's popularity down to -38...

[scruff1] 30/10/2024 08:48

The comments that Reeves budget changes to business will slash the number of job openings is only half the tale. The increases that those employers retaining staff are forced to pay will force up prices and inflation and so the outlook for those without jobs will be caught in the usual socialist's double whammy. The increased lack of spending power will then turn it into the usual socialist's vicious circle. Less employed, less money floating about, less business/employment

[xxxxxy] 30/10/2024 08:32

"Pensioners have nothing to fear from me"; Starmer 27/6/24.LIAR!!!....William Thompson"The [Labour]Government turning on its senior citizens in the name of being 'tough' marks one of the darkest days in British history.".....Daily Telegraph

[bbd2] 30/10/2024 08:26

You might be leaving them to Reeves, if she gets her way! Lol

[jordaggy] 30/10/2024 08:18

Lloyds have been beset by dreadful events, namely PPI, Brexit and Covid, this latest 'mishap' will damage but will prove inconsequential over time. As long as the divi remains solid, I'm happy to hold. It's always nice to be in capitol profit, but this was always a forever investment for me which I'll be leaving to loved ones. Damn it! 🙈

[xxxxxy] 30/10/2024 08:18

Trump make excellent president...

[xxxxxy] 30/10/2024 08:00

https://www.royalmint.com/diversify/Scroll to graph...have a ponder....Truth makes a point.

[xxxxxy] 30/10/2024 07:58

What has happened since 2010? Since the industrial revolution trend per capita (per head) economic growth in the UK has been remarkably stable at around 2.3% each year. Figure 1 overleaf shows UK GDP per head since 1955 and the trend line fit is near perfect until 2010. According to the ONS in 2010 UK per capita GDP was £29,518. Today it stands at £33,271 an increase of some 12% over 14 years. The problem is if the economy had grown at the long-established historic trend of 2.3% GDP per head would have been around £45,000 today, or some £13,000 each more. That is a staggering loss of wealth. Ewen Stewart..Brexit Watch

[freddie01] 30/10/2024 07:42

News! Landmark court ruling
Martin: Car Finance Mis-selling... are you owed £1,000s?
- Use free tool to get your complaint in
- Court ruling makes payouts more likely
- Already complained? Next steps

Martin Lewis, MoneySavingExpert.com founder, whose image links to his official biography.

Back in January, the financial regulator, the Financial Conduct Authority (FCA), launched its huge investigation into car finance mis-selling. These are final stage investigations, where it has power to go into firms, done after it already believes there's likelihood of a systemic problem. Since then, 2.4m complaints have been made via our free tool alone.

Originally due to report on 25 Sept, the investigation's result's since been pushed back to May 2025. Yet a new landmark court ruling has sent shockwaves through the car finance world, and certainly makes payouts more likely. Before I get to that though, let's go through the basics of who this applies to - and if you've already complained, I've next steps for you too.

1. Did you buy a car, van, camper van or motorbike on finance? Get a complaint in ASAP. Our Car finance reclaiming guide takes you through it step by step, but in a nutshell, you may be able to claim £1,000s back due to HIDDEN Discretionary Commission Arrangements (DCAs) on your policy.

These DCAs are where finance firms let car dealers pump up interest rates, without customers being told, and then bunged 'em extra commission if they did. This meant many likely OVERPAID WITHOUT KNOWING and may be due an average £1,100 back.

It's for motor vehicles: Cars, vans, motorbikes & camper vans.
Eligible dates: Finance taken out from Apr 2007 to 28 Jan 2021.
Finance type: Personal Contract Purchase (PCP) & Hire Purchase (HP), but NOT Personal Contract Hires (ie, leasing).
It's about vehicles for personal use: That includes commuting.
It applies even if the person has passed away: The relevant executor or beneficiary can claim on their behalf.
It applies even if the vehicle's paid off: Or you no longer own it.
If that all stacks up for you... it's important to understand there's no way for you to know if you had a DCA without complaining. That's why our easy free complaint tool does two things...

a) It formally asks the finance company if your policy had a DCA.
b) If you did, it asks the firm to log it as a mis-selling complaint.

Yet get a complaint in ASAP, as it's possible when the ruling comes there may be a time bar introduced, and the sooner you log a DCA complaint may mean the less chance you'll be excluded due to that. Once your complaint is logged, it's a waiting game until the FCA rules in May 2025.

Key resources: check if you're eligible, then complain
Car finance mis-selling FREE TOOL & guide
Audio & video resources, if it's easier to watch
Video explainer | Car finance mis-selling pod (from 10m 30s), also via Apple / Spotify etc (both were recorded before the deadline shift & court case, but they're still a good overall briefing)

2. Update. Landmark Court of Appeal ruling has the potential to shake up mo


In my emails this morning.

[hardup1] 30/10/2024 05:11

jordaggy, you didn't have to be listening to the radio to hear adverts from ambulance chasing law firms trying to cash in on car finance mis-selling. They have been sending millions of spam emails since January offering their services to anyone interested to sign up with them.

[jordaggy] 30/10/2024 01:25

I'm hoping for a 'Trump bounce'. H1, the only radio I listen to is Tony Blackburn on BBC sounds 😎

[diku] 29/10/2024 22:56

No they are not overpaid idiots...every year shareholders get a chance to play noughts and crosses on the ballot papers...miraculously every year it passes by over 99% in favour of resolutions...missed the plot...



Lloyds executives must be overpaid idiots.
Del Boy type fiddles.

[ortegaworm] 29/10/2024 22:43

What a great time to be a medium to long term regular Lloyds Investor.

[careful] 29/10/2024 22:00

Lloyds executives must be overpaid idiots.
Del Boy type fiddles.

I have been caught out yet again holding bank shares.

After the sub prime shambles of 2008 when all banks were bailed out at taxpayers expense , how many of us vowed to avoid bank shares when we understood the extent of their ignorance.

We deserve to lose money.
lloyds shares down about 12% since announcement. About £5bn off market cap.