PDG nearly went bust in '09 , PPI saved their skin at the expense of banks . Their BOD got complacent , same as CLLN , that is the problem we have as a nation across our major Co's . A full analysis is provided by Terry Leahy , ex CEO of Tesco .
https://www.google.co.uk/search?client=safari&hl=en-gb&q=Management+in+10+Words&stick=H4sIAAAAAAAAAONgVuLVT9c3NEwyzTXOK8jNWsQq5puYl5iempuaV6KQmadgaKAQnl-UUryDlREAU_GS9C0AAAA&sa=X&ved=2ahUKEwj2n8W2i63sAhVvaRUIHeqHC-gQgOQBegQIDRAE
Adapt or die !
LTI,
"There will most likely be further provisions for C19 in Q3 and Q4, but with provisions planned to be front loaded in the fist half year I am hoping for a 2020 profit to be made. A little over 2 weeks to find out whether C19 provision planning has been altered or not."
All very well stating the above obviousness . In your opinion , will lloy provide a partial Div in '21 ?
Darth,
It's the bigger picture that matters .
Today had conference call with Barc Corp Manager .Despite LTV in low 30's , debt service +500% , they want me to increase capital repayments .All I can deduce is that their bigger Corporate exposure isn't faring as well .
I did point out last week , any further borrowing will be done @ +50 bp .
Can only surmise CETs must be being compromised . This will affect U.K. banking across the board .
LTI,
My EOY forecast is indeed 48p , prior to CV being of major concern ! You still haven't posted yours !
One deduces if you thought 70p was cheap , and hence averaged down , your goal must have been £2 , on an Economic peak ! Not very clever when I warned you otherwise .
You are setting a pattern !
Xx
LTI,
"WCB not WBO
I am optimistic about a 30p share price at some time ."
Aren't we all , but you're always ambiguous , you never give us a timeframe , just like you won't help Wasu with his short term goals . Is it any wonder folk don't have respect for you , when all you do is copy and paste , without providing any forward guidance !
Anyway , major forward guidance :-
https://think.ing.com/articles/bank-of-england-no-policy-change-but-keeping-its-options-open/
XX
LTI,
"Will you be giving me great respect if I predicted a share price of 45p followed by a prediction of 35p then 30p and it then hits 30p ?"
As I've stated on various occasions , you're insecure . No one chases respect on here ! We simply swap opinions and learn off each other .
Xx
Darth,
I'm quite happy with G13 description of TBI as "traumatic brain injury " . Rather original !
Keep spreading enlightenment my friend !
Pat1 ,
Bearing in mind today's date , we have about 3 more months of volatility till we get a clearer picture of where asset prices are going . First week in Jan should give us an element of guidance .
My feelings are that NIRP will be a major topic of conversation on here next yr .
Keep well bud !
LTI,
ls
''negative rates will push house prices higher''
"Based on the formula of J46, the drop in base rate from 0.75 to 0.1% should have pushed up house prices by about 23% by now.
Distrupters TBI (DYOR)"
Folk are chasing yield , all you are doing now is gambling hoping to recoup losses.
You've had TBI for 4 yrs now !
Xx
Falk,
"DUBAI (Reuters) - Saudi Arabia expects its budget deficit to widen to 187 billion riyals ($49.86 billion), or 6.5% of gross domestic product (GDP), next year from a projected 131 billion riyals for this year, or 4.7% of GDP, the finance minister said on Thursday, as lower oil prices hit revenues."
https://www.reuters.com/article/us-saudi-economy-budget-idUSKBN1XA2EO
It has been rammed down our throats our budget deficit shouldn't exceed 2% of GDP , yet Saudis is +3 times such amount . Where are they going to find the monies to pay us back ? Never mind Saudis , but the rest of oil producing nations , bar Russia .
I do acknowledge they hold $600 BN of US debt , but in this climate it wouldn't be adviceable to offload .
Read up on Dutch Syndrome
https://www.investopedia.com/terms/d/dutchdisease.asp
Falk,
Your comments suggest you are willing to profit from other folks misery and hardship , the ugly face of Capitalism , which normal human beings would clas as unethical .
The days of fossil fuels are numbered , hence why Brent won't spike regardless of turmoil in ME . The Arabians know this , hence why they're moving their monies westwards . Due to the salt content in their beautiful buildings , these only have a lifespan of 50 yrs . 20 yrs from now Dubai , Abhu Dhabi , Bahrain will be non entities on the Global sphere .
Ask yourself why Trump is being nominated for the Nobel Peace Prize , having brought recognition of the State of Israel by UAE and Barhrain and soon Oman also . Adversity and lack of natural resources has forced the Hebrews to turn their nation into a technological hub , an example which we should mimic ! This should be confirmation that Arabic countries standing on the International theatre are numbered .
More Crude is produced than consumed , even prior to CV , hence why I told LTI he was making a mistake investing in Oilies many moons back .
In a respectful manner ! You do need to do some more research .
TFE,
"The Fed's failure to reach its inflation target - which prompted the US central bank to radically overhaul its monetary dogma last month and unveil Flexible Average Inflation Targeting (or FAIT) whereby the Fed will allow inflation to run hot without hiking rates - has sparked broad criticism from the economic establishment, even though as we showed in June, deflation is now a direct function of the Fed's unconventional monetary policies as the lower yields slide, the lower the propensity to spend. In other words, the harder the Fed fights to stimulate inflation, the more deflation and more saving it spurs as a result (incidentally this is not the first time this "discovery" was made, in December we wrote "One Bank Makes A Stunning Discovery - The Fed's Rate Cuts Are Now Deflationary")."
https://www.zerohedge.com/markets/loretta-mester-hints-fed-preparing-deposit-digital-dollars-directly-each-american
NIRP is a given , as I mentioned last week Barc phoned me last week to tell me any further borrowing would be done @ +50 bp , they're staying ahead of the curve . Not good for bank profits
Lloy BOD won't countenance such a pointless move , they are more interested in buybacks and staff share allocation , transfer of ownership from shareholders to staff .
Trading lloy is an option , but the alternative (since history repeats itself ) , is to try and catch the trough ! They will pump it up again , and then dump lloy , that's their Modo operandi !