Between them, Lloyds, Royal Bank of Scotland, Barclays, HSBC and Standard Chartered, were expected to pay a total of £15.6bn to shareholders, according to analysis from investment firm AJ Bell. But they will now retain those funds and not pay out any money to shareholders until at least the end of the year, which the Bank of England said "should help the banks support the economy through 2020".
This is going to be the worst recession in a century. Not sure who’s buying all the electric cars now. New prediction not 12.5p. This company is now going to 0p. Have fun. I’ve now closed all my portfolios and I’m hunkering down.
They’ve just announced live on tv in Parliament that they are to implement testing to check if people have had the virus making them now immune and if so they can go straight back to work. The plan is now in place to get the healthy straight back to work as soon as possible.
In regards to that I’ve been monitoring the virus since it first broke out in China and have continuously done so throughout vigorously. So yes I could see what was happening and yes I did know what was going to happen. Rothschild, get the spelling correct.
Markets need to adjust and get used to Corvid 19. A lot of people will make a lot of money from this once the vaccine comes through, this will fly but that’s a long way off. Worst case scenario we’re all dead anyway and none of it matters. We still need the stock market and businesses to run as normal. Everyone has to try and live life as normal as they can. There’s a media frenzy and social media ain’t helping either. Misinformation is flying everywhere. Enjoy life, stay safe and well.
What people are failing to see is the timeline for this is getting pushed further and further away. The company currently runs at a loss and no one knows how long Corvid 19 will be around with no vaccine in sight. The rest of the market is collapsing and we’re many months away from knowing the true global financial impact which will determine people’s ability/affordability to buy EV and also for the infrastructure to be put in place to fully support the EV market. This wasn’t going anywhere soon other than down and I invested my money in other stocks buying and selling to make maximum profit. This wasn’t making me anything as I said earlier due to the timeline and associated issues. I like the company which is why I keep a close eye on it but it’s crazy for anyone to leave your money sitting around not doing anything. I will continue to watch. Best of luck to everyone invested.
Carnage on Thursday. FTSE is going to fall significantly.
Key events Live Feed
38m ago New York St. Patrick’s Day Parade postponed for first time since 1762 1h ago Global infections over 126,000 1h ago Two more F1 team members tested for coronavirus 1h ago ASX200 down over 7% following Trump's Europe travel ban 2h ago NBA suspends play indefinitely after Utah Jazz player tests positive 2h ago Tom Hanks and wife Rita Wilson test positive for coronavirus in Australia 2h ago Donald Trump announces suspension of all travel from Europe to the US for 30 days
Next support is at 37.5p March 2012. This is where we are now heading. I personally was hoping it was going to hold at the 47p support but we’ve broken that now. If this goes much lower then I’ll run out of money to keep topping up. Great for those out there that have surplus cash though to keep buying in. Always new I was in for the long hold but this is definitely going to be long long long now.
The BBC has announced that the Bank of England now monitoring situation with a potential announcement this week to ease interest rates. Government May announce Tax reductions. Can’t see this rising today on this news or many others.