Member Info for Darth.Trader

fleccy - "I disagree. With the Government support measures, the banks will be protected from loan defaults. The banks are safe in my opinion."

the scheme is for new loans NOT existing loans....and lots a businesses had been a precarious position prior to COVID-19

..lots of businesses, start ups wont even qualify for loans.

The worst thing that happened to Lloy had been the shotgun wedding to HFLOP. Daniels should have refused the drink that night and gone home instead.
LLoy would have been one of the strongest banks at that time; however the EU deemed the marriage fake and brought into question the monopolies commission even though it was the PM who dragged them up to the Altar..
Then of course we have the self-harming, PPI, so they set aside 4.5bln....Ahem. I recall PI’s stating at that time by the time PPI is resolved there will be another recession / crisis other PI’s disagreed and felt that 4.5bln was more than enough. But the powers probably seen it as heli Bernanke type of drop so let it drag out ...Lloy ,I feel, is heading for a fall that will shock many again….it will take years to get over this but the CEO’s and the likes will be well remunerated for it.

Lloy , Barc and other retail investment stock will become swing traders workouts. More and more people working from home, stuck at home for months will trade and trade often. Rest assured stock will be loaned out for shorts…
good luck PI's.

yes it does but that 100k figure is best case senario....

https://www.nytimes.com/aponline/2020/03/31/us/politics/ap-us-virus-outbreak-washington.html

Trump - expect 240k fatalities.

China – apparently concealed the number of fatalities’

..on.

..down, buckle up.

although the article goes more in-depth , this quote is not an agenda more the fact of highlighting were the business cycle was prior to Covid-19.

Will the coronavirus crisis rehabilitate the banks?

"One banker advising the UK government — which has earmarked £330bn for corporate loan guarantees and a commercial paper financing facility — says the schemes are untested. In particular, he warns that the guarantees will only apply to future lending. “It’s for new money, not for all the loans we’ve already made that are going to go bad.”

https://dnyuz.com/2020/04/01/will-the-coronavirus-crisis-rehabilitate-the-banks/

"They wont miss....."

jameroo - The banks will sit on there hands, they will be very slow to react if they take too many hits they’ll look to the government however strong the balance sheet is to date and they miss the opportunity to take businesses down then profit from them later…
The banks will only apply a placebo…

No doubt these banks had lots of clients who were already in a precarious position, living from hand to mouth. Untold amounts of small business are not going to weather the storm, this leads to mortgage defaults, the only thing on the rise are divorce rates, children in care and DIY accidents…
Some will have no choice but to throw in the towel, big, small and large businesses will not be able to hang on to be assessed for a government backed loan from the bank. UK Manufacturing output falls at it fastest rate in 8 years…
It will feel like things are not moving then suddenly….!

dvharidson - I totally agree, financially this going to be a long drawn out process
Had AHO / PRA and others scuttled the HMS UK,... maybe.

Fleccy - even the advisors are now saying 6months, the 3 weeks was for assessment.
I totally get what you are saying about the measures in place but look at other counties, right or wrong things are not getting back to normality in the next couple of months, the situation will have peaks and troughs…they’ll relax rules, then apply rules when necessary..

yes, i also stated sometime ago that there will be no divi and got the same response.

we shall see....

i expect a lot with transfer monies online...

This will go down from here, the SP gap down @the open, as did Barc.

UK is not in lockdown for 3 weeks and never was, 6 months before any form of normality return. I very much doubt a dividend will be paid next year as the year ahead is going to be tough.

https://giftarticle.ft.com/giftarticle/actions/redeem/12c1483b-5ea4-4823-82bf-06d8ad860b27

huawei - most of the parts are sourced in USof A...and they, China, have up'd orders recently.

it costs more to have a pint in canada than to buy a barrel of oil..

think Trump will put a fee on this to stop the oil wars...apparently the President is the only person who can do this and do it without asking permission...

sorry to hear that, good luck fella!