Lloyds Banking Share Discussion Threads

[hardup1] 21/11/2024 06:04

Thanks jordaggy, interesting watch.

[jordaggy] 21/11/2024 05:21

H1, just for you...



Please be aware, £/$ exchange rate when selling funds denominated in $$'s...equally it can be a win/win if the $ continues to strengthen against the £, which given the loony budget by Theives is almost certain.

[hardup1] 21/11/2024 05:13

jordaggy, out of interest, what money market ETF's have you bought?

[jordaggy] 21/11/2024 01:29

H1, I've sold all my individual shares in UK companies. I still hold etf's which invest in the US S&P, oil production and Tech. It was a sad day when I sold Lloyds, at a loss! but if I include the dividends, I made a good profit, albeit over a 10 year period. The yield isn't worth the risk when one considers the safety in money market etf's and with inflation edging higher again, it's a good hedge. There's too many possible black swan events on the horizon - Putins response to the idiots at NATO/UK firing missiles into Russia for one!

[johnwise] 20/11/2024 23:25

Millions hit with mortgage blow due to bigger-than-expected rise in inflation - crushing hops of interest rate cut

[careful] 20/11/2024 21:05

Cruise missiles are too slow.
And they are not cheap.
Up to £7bn of aid up to now for Ukraine from UK

Corruption aside, and the promises Zelenski may make to those supporting the war can never be known, these weapons are of no real significance with conventional warheads.

What is interesting is how obsolete aircraft carriers and expensive surface warships have become, even strike aircraft.
So easy to sink with dozens of cheap as chips drones or unmanned surface vessels.

The Surface to air missiles that shoot down drones are many times more expensive than the drones themselves.
Even the nuclear deterrent does not work anymore, Putin is not taken seriously when he threatens to flatten Kiev with nukes.

I must be the only scared person left.

[diku] 20/11/2024 18:59

One side fires a missile the other side intercepts and knocks it down...what is the purpose of firing a missile...

[hardup1] 20/11/2024 18:03

jordaggy....."I'm with Buffet, I just can't see where to buy and like Buffet, I'm only invested in money markets until such a time we see a turn around. I've been in and out of LGEN and Aviva a few times and made modest profits, but for now I'm staying in cash/money ETF's.

That contradicts what you said on 30th October?......."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."

And your comment that the US blew up the Nordstream pipeline.....utter balderdash!

[jl5006] 20/11/2024 17:30

On and on it goes
Tax revenues have varied beyond expectations in all directions and are now chaotic and unpredictable thanks to a failure to communicate her true intentions. Either our Chancellor is completely out of her depth – and knows not which way to turn – or she does know what she is doing, and stubbornly carries on regardless of the damage she is wreaking.
Being incompetent or dogmatically ideological, or possibly both, Reeves is on course to ruin the country and cost Labour its future democratic legitimacy.

DT

[jl5006] 20/11/2024 16:50

Nothing they are doing makes any sense - including the words.
John Healey made the remarks while speaking in the Commons earlier, adding that “Ukraine’;s action on the battlefield speaks for itself”.

He tells MPs he spoke to his Ukrainian counterpart yesterday, saying the pair discussed Ukraine’s “robust response” to recent escalation by Russia and the UK's plan to “support them throughout 2025”.

“At this point I’m not able to get into any further operational details," Healey says.

[jordaggy] 20/11/2024 13:25

The US blew up the Nordstream pipeline to ensure Germany buys its gas from the US and to cut off a revenue stream for Russia. It's crippling the German economy. Mass immigration and near zero growth is hurting, yet the DAX is in la la land. Funny old world innit. I understand that money has to go somewhere but I just don't see any growth in the UK economy and Europe is looking poorer by the year. US credit card debt is at an all time high and insolvencies increasing at an alarming level.
I'm with Buffet, I just can't see where to buy and like Buffet, I'm only invested in money markets until such a time we see a turn around. I've been in and out of LGEN and Aviva a few times and made modest profits, but for now I'm staying in cash/money ETF's.

[gotnorolex] 20/11/2024 13:15

She said today "I'm absolutely committed to the farming community"
She really meant to say she'll have them committed!

[xxxxxy] 20/11/2024 12:35

Szu Ping ChanEconomics Editor20 November 2024 11:34am GMTA surge in borrowing and "sluggish" growth have pushed the eurozone to the brink of debt crisis, the European Central Bank (ECB) has warned.The ECB said investors were becoming increasingly concerned about government borrowing across the single currency bloc, which has barely grown in recent years.In its latest financial stability review, it said:"Headwinds to economic growth from factors like weak productivity make elevated debt levels and budget deficits more likely to reignite debt sustainability concerns."...Daily Telegraph.

[gotnorolex] 20/11/2024 11:03

Tax it and loose it! The godamn Empire was lost because of it, when will they ever learn! Tax the produce it yields! Selling off land to pay IHT will just shrink harvesting and widen real estate!
The landed gentry and the middle classes are the bastions of the British culture. Look at the backgrounds of the current front bench and squirm!
Angela Rayner issuing CPO's to acquire framing land in the hitherto hallowed green belt for her cheap and cheerful housing!

[xxxxxy] 20/11/2024 09:55

John Redwood@johnredwoodRemoving the pensioner fuel allowance saves £1500m and taxing family farms on death brings in £500 m. They hurt the people affected a lot but make a small difference to public finances. The Bank of England gets subsidised by more than that every month for its runaway losses.5:50 am · 20 Nov 2024

[xxxxxy] 20/11/2024 09:53

Just ABOLISH ALL IHT FOR ALL.MONEY FOR THE PEOPLE. NOT MONEY FOR WADTFUL INCOMPETENT GOVERNMENT. ABOLISH IHT

[careful] 20/11/2024 09:45

ref the farmers

I saw Starmer last night on TV.
he said the farmers get a special deal, only 20% tax and 10 years to pay.

That really is a sweetheart deal, everyone else should get the same deal.
I did not know about the 10 years.