Lloyds Banking Share Discussion Threads

[careful] 14/2/2019 08:03

We are in the end game for Brexit.

After decades of Tory infighting about the EU. and big differences between Blair/ Brown on the EU. it was finally decided to resolve this in/out issue by referendum.
This was like spinning a coin.
Perfectly ok to do it this way, when we argue about whether to go to Italy/France for our holidays, we can spin a coin to break the stalemate.

May is the one that decides, as there are dozens of competing ideas.
She is quite rightly running down the clock.

Then the vote;
Her deal.
Extension and delay possibly no Brexit at all.
No deal.

There you have it, the talking is over, what will they decide.
Thankfully no more noway+, canada++, Singapore--,WTO etc etc.
Stop pushing your theories and vote....game on.

[xxxxxy] 14/2/2019 07:59

Clean Brexit Rules OK

[pooroldboy55] 14/2/2019 07:54

Well when you think about it Carney has been wrong most of the time.

[semper vigilans] 14/2/2019 07:50

Whatever your opinion, experts should be in inverted commas.

[careful] 14/2/2019 07:47

So Redwood the historian thinks he knows more about modern economics that Carney and his
'experts'.
The arrogance and ignorance of the man.

[xxxxxy] 14/2/2019 07:31

Inflation, money policy and wages
By JOHNREDWOOD | Published: FEBRUARY 14, 2019
Yesterday came the expected good news that headline inflation is below the 2% target. Core inflation has been below target since June 2018. Meanwhile wage growth is around 3%, so real wages are now rising. People can look forward to having more to spend as their pay goes up.

The Bank of England has been changing its mind about all this. In a past good lecture the Governor argued that there is no longer a simple trade off between lower unemployment and higher inflation. The so called Phillips curve suggested that if unemployment fell wages started to go up faster, leading to price inflation and the need for the authorities to rein things in. Revision to this pointed out that in a modern open trading economy like the UK prices are held down by global competition, and wages by inflows of migrants and by importing labour intensive goods and services from lower wage countries. In his most recent speech the Governor has rowed back a bit on this sensible observation. He claims that there is once again a modest trade off between lower unemployment and higher wages, and that therefore the Bank will need to tighten further to control prices in the months ahead.

I do not agree. It is true wages have been going up faster in the last year, but there is no evidence this is flowing through to prices which remain under the cosh of global competition. In part wages have gone up through the introduction of the Living Wage, in part through cost push pressures in areas of the economy like care homes where recruitment has been difficult. The danger is lifting interest rates too far too fast will plunge us into a downturn. There is too little money and credit about as it is, given the Bank’s tightening policy. The Governor does at least acknowledged that he has deliberately tightened policy over the last year.
It is time he said job done. The Fed has been more magnanimous in saying they have tightened enough. The Bank of England should also say this more clearly, and work to ensure a decent supply of credit to households and businesses. As The Governor argued convincingly there is no debt problem in either the public or banking sectors in the UK. With China slowing and the Eurozone stalling we need a positive policy in the UK. With inflation under target now is a good time to promote growth and allow people to buy more cars and invest more in property and business.

[polar fox] 14/2/2019 06:59

This sets the tone for today's voting. From the Sun:

VALENTINE'S MAY MASSACRE

Furious Brexiteers vow to defeat Theresa May in the Commons over plan that could see No Deal taken off the table
Eurosceptics are said to be furious with the wording of a motion claiming it is against a No Deal Brexit

By Tom Newton Dunn, Political Editor

THERESA May’s eleventh hour Brexit talks could be plunged into chaos again if Tory hardliners carry out a threat to defeat her in the Commons.

A 50-strong group of Eurosceptics vowed to withdraw their support for the PM in a symbolic vote to endorse two more weeks of negotiations.

They are furious with the wording of No10’s motion, claiming it endorses Parliament’s close vote two weeks ago against carrying out Brexit without a deal.

Senior figures in the European Research Group accused Mrs May of entering into a secret pact with Remainer Tory rebels to end their own revolt this week by quietly pushing no deal off the table.

A leading ERG source told The Sun: “She has done a deal with the Remainers to get their votes.

“That’s why the Chief Whip refused to reword the motion when we pleaded with him. It’s unacceptable.”

more...

[utyinv] 14/2/2019 00:12

Also don’t forget that the CEO has pledged to return 75% of profits back to shareholders in a plight to return to being a big divi player.

Lloyd’s was also nicknamed to become the ‘Bank of Britain’ and £8 billion profits over a year, for such a big important bank £8billion is not out of the question. With 71 billion shares in Circ, £8 billion with 71 billion shares in Circ is 11.2p / share and if 75% of this is returned via annual dividends then that equates to 8.4p / share, but by then I expect the share price to be £1.2 / share.

IMV once Brexit is a thing of the past and if we don’t have a Marxist Gov then Banks like Lloyd’s could be on the cusp of a long awaited revival.

[utyinv] 13/2/2019 23:57

gaffer73

Post 179 ...3.6% ????

Divi is paid via a final and an interim. So if the consensus is 2.1p to be announced next week and paid in May (though I think this is rather low, I expect 2.4p) and 1.1p in Sept giving a total of 3.5p.

3.5p against a current share price of 57.86p gives a return of 6%

PPI ends in Sept and rather than having to provide for PPI from profits, these profits can be passed onto the Bank’s Shareholders in the future. That’s why in my opinion 2020 divi will be 4.5p /share and a share price of 76p.

[cheshire pete] 13/2/2019 23:56

Secret Brexit agent Minerve? Why don't you come out lol?

[utyinv] 13/2/2019 22:59

Hahaha just been talking to a Scottish Chap that says Nicola Sturgeon was called Seaweed at school because not even the sea would go out with her 😂

[cheshire pete] 13/2/2019 22:08

Alphorn #6164: "Countries among the seven (7 out of 69 countries) where trade deals have been agreed so far include the Faroe Isles; good to know. Who said that these were a piece of cake?

Don't see what all the fuss is about...surely just a cut and paste job, substitute Faroe Isles with "......land" and job done. Thought we had armies of civil servants to do this sort of stuff anyway, no problem.

[excell1] 13/2/2019 21:14

Still boils down to the people voted to come out of the EU in the referendum but MP's think otherwise.MP's (government) are there to represent the people,not themselves.Otherwise what is the point in voting at all.If no one then votes then where is democracy or if no one takes any notice of the majority vote,again where is democracy.

[maxk] 13/2/2019 21:13

Cheers pf.

All roads lead to May (and whoever controls her)

[jpjohn1] 13/2/2019 21:07

Yes barginbob, I have 70k in shares here, I know a lot of you chaps have a lot more than I do here.

[polar fox] 13/2/2019 20:59

Couple of interesting tweets this evening.

1. LauraK

Hear ERG told Chief Whip this afternoon they wouldn't back govt tmrw unless motion changed, govt refused - Brexiteer group haven't decided yet if they will abstain or vote against but they won't back govt - either way, another reminder May just can't rely on her backbenches.

2. Tusk

No news is not always good news. EU27 still waiting for concrete, realistic proposals from London on how to break #Brexit impasse.

unquote

Laura says "ouch" to Tusk's.

[gaffer73] 13/2/2019 20:39

I'm looking to add to my SIPP by the way. I don't have any banks at the moment.

[gaffer73] 13/2/2019 20:38

Thanks guy's, so about 3.6%. Have they committed to that level for the next few years?

[bargainbob] 13/2/2019 20:35

Thanks guys four Lloyds related posts . Good luck all holders .

[jpjohn1] 13/2/2019 20:14

Yes a week today we shall find out what the dividend payment will be. It was 2.05 last year and hopefully has good or better this year. It would be nice like 2017 where we had a special dividend of .5p. I would prefer this to a buy back. It will be nice to here this PPI coming to an end. X-div date was 6th April 2017 and 19th April 2018