Member Info for boldboy

Reading that report it looks like the FCA are holding the banks responsible for every little thing concerning this crisis as though they are the mugs to pin it all on and therefore provide all the solutions.
They need to get off their fat arses and do some work themselves.

The request for a toxic bank as been made by all the banks and it not because the loans are all going bad it because the ones that go bad will stifle further lending as they have a negative affect on forward supply on the pool of cash that is used for new loans therefore stalling the recovery.

I think the sp will hit the 60p mark before 2021 simply because the initial fall was a doomsday scenario and there as been a lot of hype attached to the outcome of this pandemic fuelled by vested interests in driving the stockmarket to the lowest levels.
Keeping in mind the extra business that the banks have picked up and the warranties of bad loans by HMG the balance sheet at the next Q announcement will give a guide to how the sp will end up year end.

Further to that injustice the liquidator spent a million pounds that was left in the coffers at Barclays to prove what was obvious.
That money should have gone back to the people who were defrauded as it was their money held in trust,
again evidence of the old boys club were joe soap pays the bill.

Morning Pippa
Sorry to hear that, I only lost 5k less the £250 the criminal snatch back ,it is a fact that we cannot rely on the watchdogs to protect us .

He did in the aviation sector big time.

You have already studied the situation enough to make a decision which I have to say can only be yours there are a multitude of advisors on this board and some of them are seasoned traders who are very shrewd and rarely get it wrong there are also doom mongers who if you took any real notice you would top yourself having lost the will to live.
My advice is to invest in several companies that have all the correct fundamentals in place as this pandemic will eventually dissapear but not without some bumps in the road to that.

I agree with you entirely and have the same issue where the policing by government organisations always lets the public down.We were scammed in the crown currency fraud over ten years ago and 13000 people like myself lost monies some up to 150k.
The company was using monies they held on behalf of clients for currency exchange to buy gold and line their own pockets,needless to say it went belly up the gold was never found and the ceo topped himself leaving his wife to fight of the creditors I got half of what the criminal compensation authority awarded because she salted away any assets before the money could be grasped.
This was a then FSA approved company cited on the letterhead but when the FSA was questioned on their policing role they said they were not obliged to do that and we all no what happened to the FSA it became the FCA the very people that perpetrated the loss of our Dividend.I know it is a different circumstance but it shows up the flaws in these people and their policies.
Several of the directors who were convicted and jailed are now back performing similar roles in similar companies .

It seems to me whenever anycrime against joe public occurs these mandarins spend more time finding excuses for not carrying out their tasks than doing them .

Astra Zenneca as announced it is starting to manufacture the vaccine it is testing at the moment the company as signed an agreement with Bill gates who his backing them two produce 2billion doses by september when they expect the trials to be concluded.
They say they are taking a big financial gamble and they are but they will already have feedback from the trials that must look promising to start this manufacturing process.
The rise in the SP will get better on this news.

Bend me shape me anyway you need to as long as you love me its all right,Thanks Boris ,sang the Cummings ensemble .

Babra well he would say that with £35m of shares thats quite a divi payout he is missing but I think he'd rather lose that than the £35m if Lloyds went belly up.

Do prostitutes wear knickers.

" surplus capital returned to shareholders" Yes that is what they say now but will there be any surplus capital at the end of this and will they not be making provisions with it for the future hits on the loan book.
Looks to me like we are going to get little to nothing for a few years to come ,as they manipulate the priorities to suit the situation at the time.

The debt the country will be in at the end of this disaster will have to be paid back at a fairly brisk rate and with the obvious restrictions coming on public spending there is only one other way to get the figure down to manageable levels."TAX". Expect vat to rise to 25% there will be a premium tax on non essential consumer goods and services such as holidays and cars that are classed as premium.There will be wealth tax on houses changing hands at figures above a certain value compared to the rates band.
All of the domiciled tax evaders will be dragged into the tax brackets The likes of Amazon, Google will be finally brought to book.
These are some of the stark images but there will be others that those minions in the treasury are already working out .
We have been through some so called rough times since the financial crash the next 10 years will make that look like a walk in the park.

Wids
There are a lot of market makers making a bleeding fortune out of this catastrophe because they have the funds to do it and it as always been so, they remind me of the vultures sat waiting around the dying steer in the old westerns

When a vaccine is announced the world and its dog will buy , you will be in a line of investors who have missed the chance.

ERV1 The only positive thing DT has is a negative view and he does'nt see the problem thats because he is as thick as two short planks

Lets have a positive thought or two.
There are bright lights at the end of this awful tunnel episode in our history from a investment in Lloyds.
One of the requirements of a sustained recovery is equity flow in the shape of loans and credit facilities LBG as plenty of cash and as well managed its risk assesments in providing rescue packages and combined with the guaranteed cover from HMG there should be cause for optimistic returns in the medium term .
All other significant calls on cash reserves such as PPI are significantly diminished and given that the return to work is now starting the worst cases of non payment of loans will also diminish.
This picture of doom and gloom being painted by certain media and financial experts is headline grabbing and should be taken within the overall picture .
If any of the posters on this board are genuine LGB shareholders they will realise that, the rest of you who constantly hammer the stock in a negative and sensationalist way please go and peddle your tripe elsewhere.

DT You have this fabulous ability to state the bleeding obvious go for a walk on the motorway gives all a break.

The talk on this board of takeover threats to Lloyds banking group are fanciful one reason and no others are required to kybosh any takeover is the security of the domestic housing stock.
Lbg is the biggest Mortgage older in the UK and the very idea of that stock falling into foriegn hands would have this Government fighting on the beaches ,they would block it all the way to the cemetery.