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I’ll have some of that cake
Hollybean
I agree with a lot of what you said except for the bit about letting banks get on with their own business. Banks cannot be trusted to operate legally and morally, that is why regulations are there, history tells us that much.
Morning pat1 I agree with your sentiment,I see a possible consolidation now 1for5 maybe,which will dilute and destroy present holders value,but I see it the only way forward to issue more to raise the capital,hold is all we can do,and wait it out,best of luck.
Morning Hb - so it's around £3bn set aside so far - the cancelled dividend and the profit from Q1 roughly - don't think that will be anywhere near enough and in Q2 with so many payment holidays - revenue will surely be way down and add to that the increasing bad debts and impairments - again surely it's not going to look at all good!
As LTI suggested earlier and will more than likely be necessary - much more will have to be set aside judging by what has happened and is still happening - hence why I'm sitting it out and looking for cheaper to buy back in - certainly below 30p and ideally quite a bit lower......!
We'll soon start finding out...........!
The reason lloyds is low is one simple thing they been shafted bye guess who ,until COMMON sense returns to the banking sector and the stollen dividend is returned,and let the banks get on with there own business,the donkeys are leading the lions,and the result is down deep down imho dyor,good morning the early birds.
Don't need profits at the moment, as there is no home for them until at least the end of 2020
Pat1
If the BOD had any sense, they would be making more large provisions in results .
LTI - the trend for the last month or so is downwards - it's dropped over 20% so until that reverses I'm happy to wait and see what the Q2 results bring - it's not going anywhere at the moment so I'm willing to wait and see what direction it takes for the next 2 weeks and especially after the results come out!
that not all provisions were required
Pat1
I don't think it was a matter of having something to go on. I am sure the BOD haven't got a clue what the level of provisions will need to be to get through the COVID 19 crisis.
They took the opportunity to give up most of the profit to have in hand for provisions, knowing that there would be no criticism. Always a bonus if at the end of the day it is found that all provisions were not required.
LTI for the moment yes I'm sticking to cash but if and when I think I see the opportunity to jump back in I almost certainly will do so but it's all too negative at the moment and Lloyds is still backwards and sideways especially recently, etc!
LTI - I would have thought that those couple of weeks at the end of March were all that they had to go on properly though - now in Q2 we will get a much, much fuller extent of the damage currently and also a much better idea going forwards aswell!
Pat1
with the view that you are expressing on Lloyds, it seems to me that maybe you should invest somewhere else , where you have more positivity, unless you think that elsewhere is even more dire. Maybe stick to a safe haven - cash.
Pat1
''Q1 results only factored a couple of weeks of CV/Covid 19 fall-out ''
Provisions are made against what the bank may need to give up against loans looking forward, so nothing to do with 'a couple of weeks'. They made sure though that they didn't make provisions high enough so as to make a loss.
Pat1
''so planning to sit tight and wait to see the fall-out!''
There is a possibility (if not a bad market day) that Lloyds could rise a bit on confirmation of a 'fall-out'' (further provisions), if the market is anticipating them already. The message given for the rest of the year could be key.
fp - I guess at the moment a bit of both lol - waiting to see what happens but would love to buy and let it ride out.....!
With respect you sound like a trader (nothing wrong with that).
An investor is not usually concerned with weekly price action,
unless you are using the word "investor" in a very broad context.
Actually it's ducked 30p 4 times now in the last week - last Thursday and Friday and this Tuesday and Wednesday and nearly did today aswell - I think it's wanting to go lower quite frankly - let's wait and see what happens but I reckon Q2 results are going to atrocious and the only real backing is the suspended divi of around £1.5bn but that could so easily be swallowed up in no time whatsoever! With all the payment holidays Lloyds revenues will have seriously dipped I reckon and then with all the general bad debts and impairments building on top - can only be very bad news and the same going into Q3 with unemployment massive issues, possible negative rates, etc all affecting revenue income, etc!
DC - Q1 results only factored a couple of weeks of CV/Covid 19 fall-out at best and still only a minute £74m profit was had and that was based on over £400m of tax benefits, etc which will not be happening again! Also Barclays is making good profits from it's trading arm, whilst Lloyds with none and all revenue streams strained and feeling the full force of CV/Covid 19 fall-out in April, May and June, etc Q2 results can only be negative surely! Not that much hope for Q3 either with all the negativity surrounding unemployment, etc so for the time being no reason to get excited indeed Lloyds is hardly flying - even with the FTSE and DOW generally rising lately, Lloyds has steadily been dipping and is now bobbing around 30p having already ducked it 3 times in the last week - Friday, Monday and yesterday and today nearly did aswell!
Patrao I also believe the dow is now overvalued and due a correction dragging the ftse100 with it sentiment was boosted by the good results on trials of moderna and trials of the Oxford vaccine were promising you are exercising great patience in not trading as I would be sorely tempted in your position you are right about the results I do not expect them to be great but how will the market react that is the key question you could be doing the right thing by holding until after the results to invest again in lloyds but then I wonder is the market already pricing in a poor set of numbers as lloyds has really underperformed against barclays and other financials aviva legal and general the past few weeks instead of the 40p by Friday we got 29p lol
DC - too right I am a genuine investor - been a week now and still waiting.....! 3.9% loss at the moment - looking for sure to recover that and turn a good profit eventually! Don't like what's been happening this last week even if it's now nearly 2% above what I sold at (peanuts quite frankly) - last Friday went to 29.25p and could go there again easily or even lower. All hopes seem to be pinned on this vaccine at the moment but can't see it myself and I reckon the results for Q2 in 2 weeks will be very distressing/disturbing so planning to sit tight and wait to see the fall-out!
Falkland try and tell the truth for a change you called 40p when the SP was just over 37p and as usual your input was only good for one thing..... feeding mushrooms
Barc is down. Lloy is up today. The other thing is. Barc trading at 1.18. this trading at 0.30. more scope for a long term rise? Patience is key.
Broker forecasts of 45 pence are not recent apart from Jeffries who are absolute jokers
You were not invested in lloyds when it hit 37pence falkland investor you keep on calling 40pence by Friday all the while Lloyds is on a downward trend take responsibility for calling it wrong you fake we will see if your predictions of 45 pence in 2021 is correct only the most optomistic broker forecasts are 45 pence and they are not correct get over it mate you are on the wrong horse you know Barclays is the better bet but too proud to admit how many shares in Lloyds is it you have in your fantasy portfolio