Member Info for boldboy

Hereshopin I thought you were a FA in the HSBC you know what I mean the ones who take as much as they can off you before you spot the Dick Turpin mask, but according to your last post you had access to all the sensitive info within the Head quarters of the commercial side of the bank.
Now that stinks of Lax security or a Walter Mitty profile I'll let the readers decide. Hows my Graamma

Hereshopin
I wondered how long it would take to show you up for what you are financial advisor my arse ,more of a robber in a suit with a nasty underlying attitude, hows my gramma.

You have just answered my query I have banked with HSBC since starting my business in the 90s and I have come across the likes of you on several occasions particularly in Invest direct were I had to go to the top of the tree to get satisfaction when the idiot who revamped the security login cards could not issue my 4 digit code because they had moved to six digits and I was thrown out of the system for six months until this director sorted it out.
Then a couple of years ago another person of your ilk took away my £100k trading ceiling because I was not using it enough,it was re-instated on appeal to the bank's appeal officer but as soon as the 3 month period expired without use it was taken away again .
And don' tell me those were commercial decisions because the required cover for that ceiling limit was sat in my Premier account.
The reason the knobhead removed it was because he was a vindictive little **** get my drift ,hows my grama.

Hereshopin
quote; Deborah Meaden," Don't with respect me" as that by its inference says you have no regard for what I say and will dismiss my reply" so on that note . Itake from what your saying that according to your view Lloyds are now expected to commit financial suicide by loaning out monies they cannot get a viable return on and the government is setting the interest rates .The reason we shareholders have forgone our dividend is because the willy nilly loans you childishley described are being guaranteed by the government and are supported by interest free funding from the BOE and there is no cap on the interest rate the banks can charge.
Before you treat me like a ignoramus do your research .

Hereshopin
quote; Deborah Meaden," Don't with respect me" as that by its inference says you have no regard for what I say and will dismiss my reply" so on that note .

labradog
Could have done with you working out the divi for the last couple of years I would be a multi millionaire just on my dividend payments.
The sum of 375 divided by 1000 is 0.375p not 37.5p

Your synopsis of the outlook is ill informed and contentious ,I thought that banks were in the business of lending money and seeing how those loans are guaranteed up to 80% by HMG its a win win scenario,
The end game for banks is the end game for every sector if this pandemic leads to the banking system collapsing every business follows.

Your synopsis of the outlook is ill informed and contentious ,I thought that banks were in the business of lending money and seeing how those loans are guaranteed up to 80% by HMG its a win win scenario,
The end game for banks is the end game for every sector if this pandemic leads to the banking system collapsing every business follows.

The bank holiday weekend takes out 4 days and 4 days is a lifetime in this present crisis.
Those that have come out on top will try to stay that way.

Richard
I agree with you on the unfair way the board have acted but have also tried to show as to why and how this will pan out.
The FCA have to show why they were set up and here is the perfect scenario when an invisible enemy as to be fought there are going to be very few detractors as to the FCA 's methods.

Theosus
The UK banks are being supported from the BOE with a interest free draw down facility to lend to Business with 80% guaranteed to be underwritten with a no cap interest charge the bank can apply ,In my book that is support.

Theosus
The Company cited is not a bank it is not being supported by the BOE and can take a path of its own without any need to comply ,there may be repercussions at a later date for their actions ,how they will effect the company in the long term will already be a project for the mandarins in the FCA.

Richard
I appreciate your views on the daylight robbery of the dividend and I also have taken a hit on this occasion but,there are several reasons why your views will be ignored by the bank directors.
The main one is that they were directed by the bank of England to do this at a cost to Lloyds if they were not compliant.
That cost would have been the facility of interest free money to bolster lending to distressed business customers which lets face it is a safeguard for the Lloyds also, being withdrawn.
Secondly the loans being awarded by Lloyds have no cap on the interest rate so that provides for a profit from the BOE interest free guaranteed 80% monies.
Third and most important the Board stated that they were cancelling dividend payments for the period up to the end of 2020 ,they did not say what they would do then apart from reviewing the finances.
The lack of screaming and shouting from the big institutional holders hints that the cancelled dividend may well morph into an Q1 special dividend that will if not be all we lost in the beginning could go some way towards it.
The main aim of everyone at this time is to beat this contagion and worry about money afterwards we need to get our priorities right.

The Government as now placed a block on the banks insisting on personal guarantees for loan security but as not capped the interest rate the banks can charge although the banks can borrow from HMG at 0% .
Looks to me like a win win for the banks as 80% of the loan is underwritten by HMG .
That is the reason the FCA demanded the cancellation of dividends because in the long term the banks should be making more of a return on capital than before the crisis and it is mostly down to free money from HMG.

It beggars belief that the( Who) World health organisation are now rethinking the advice on face masks to help prevent the spread of covid -19.
I have been wearing these masks for the times that I enter the supermarket and other close areas since the danger arose I went into my supermarket last Sunday and I was the only person that was wearing a mask there were no staff and no customers wearing them.
I have always worked in the construction sector and have had plenty of suits telling me about safety and the HSE guidelines . but as an ex- scaffolder from the 1960s I don't need them to tell me how to play safe.
When the Alpha Bravo platform caught fire in the North Sea there was an instruction to retreat to the accommodation in case of fire, there was an horendous loss of life when the accommodation was incinerated.
A scaffolder who disobeyed the instruction and jumped into the sea and was saved was asked why he did that,he replied everyone is their own safety officer and I did not think it was safe to go to the accommodation.
The reason I am telling this true story is we have become a nanny state and individuals have been programmed into not thinking for themselves .
And we have come to believe that the experts are always right well my definition of an expert is "A drip under pressure".

The FCA is now instructing the banks on how to deal with their customers ,free overdrafts for three months ,credit card payment suspensions free loans up to £500, extended repayment terms the list goes on.
There really is a tree were money grows its called the FCA.

Asperger 1
wishful thinking they will not commit to anything apart from screwing us on behalf of HMG, the investors organisation have called the decision to scrap declared dividend payments a disgrace when the pain it will inflict on small shareholders is taken into account.
The monies are a lifeline for most of those investors who have already been shafted for six years without divis whilst HMG forced the banks to pay them back for the loans they boast about giving us when the financial crash came about.
They did'nt lend us that money out of the goodness of their heart they lent it us because it was partly their fault we were in the mess we were in through bad monetary policies.
Add to that civil disorder and total financial meltdown they had to lend the money.

Richard
Your snapshot reveals that the markets rate Lloyds better than the others in terms of liquidity and prospects but have taken a broad brush to the banking sector as a whole ,they will take the same broad brush when markets start to recover and the hysteria as gone away .
The sense of despair is tangible but in depth analysis shows a time line to this sorry affair and that is what we all need to focus on instead of media led knee jerk reactions.
This stock is fundamentally sound and will recover at a faster rate than people think at the moment.
There are so many experts giving their opinion on a subject they know nothing about because this as never happened before and they are all painting worst case scenario's to get the biggest audience.

That may be a tad optimistic if I may say Livestock.

Hi guys I have just opened a couple of chinese fortune cookies from a chinese supplier in Wuhan It says Lloyds sp 70p in November but it does not say which year.
Do you think they knew somrthing we did'nt.