Member Info for MarbleMadness

Another reason why challenger banks will struggle to gain customers is that most people don't switch. None of my family has, we've all been with the same for decades.

If it's going to happen then it would take generations for the shift.

"Recent research from Santander found that almost 60 per cent of Brits have been with their current account provider longer than a decade with the average bank relationship lasting 16 years, while the average romantic relationship in the UK lasts for just 14 years.

So are we more willing to choose a new partner than we are to choose a new bank account?"

Here's the good news on the pandemic front.

- AstraZeneca releasing phase 1 results in the Lancet on Monday. Tests show it stimulates strong production of antibodies and killer T cells. The T cells can stay circulating in your body for years
- Imperial vaccine is looking promising. Now moved to phase 1 trials with 100 people
- Scientists have identified 6 types of coronavirus and rated them by severity. Lives can be saved by flagging the high-risk patients
- A game changing antibody test developed in the UK passes first major trials. Plans for home pregnancy style testing soon. 98.6% accuraccy and gives results in 20 mins
- 140 vaccines in development. 33 human trials. 3 in large scale

Patrao1
As I understand it, Lloyds has £3bn in cash and £30bn in tier 1 capital. So a lot to chew through before the wheels fall off.
In terms of the share price IMO it's gone sideways. It was 30p in March when the disaster started and still around 30p. There was a rise to 37 and dropped but overall unchanged.

https://www.telegraph.co.uk/news/2020/07/16/oxford-coronavirus-vaccine-challenge-trials-set-begin-later

"Oxford scientists leading the search for a coronavirus vaccine are planning to expose willing volunteers to the virus as part of a controversial "challenge trial".

The team behind the front-running vaccine are hoping to recruit healthy volunteers before the end of the year in order to test whether the jab protects them from the illness."

"I am hearing there will be positive news soon (perhaps tomorrow) on initial trials of the Oxford Covid-19 vaccine that is backed by AstraZeneca and supported by tens of millions of pounds of government money.

The first data is due be published in the Lancet."

https://www.itv.com/news/2020-07-15/positive-news-is-coming-on-oxford-covid-19-vaccine-writes-robert-peston

Would be lovely to wipe America's eye if the Oxford vaccine works.

29.99999999999999999999999999999999999999p
We're back in the 20s!!!!
30.01p
Oh :(

That would be funny wouldn't it. Lloyds currently sits on billions of capital reserves and bins of the dividend but the share price still drifts to 25p...

"Indeed, the PRA pointed out that the U.K. banks are not likely to need the extra money that they save from scrapping dividends. However, taking this line of action will create extra headroom that will allow them to play their full part in supporting the economy this year."

Vaccines normally take years to develop unless ...

When asked how they managed to move the usually lengthy process of vaccine approval along so quickly, Professor Sarah Gilbert, who is leading the study, said it was their ongoing research into Disease X – an as yet unknown infectious agent earmarked as a potential pandemic in the making – which allowed them to pivot so quickly to Covid-19.

“Last year my team was already working on vaccines against Lassa Fever, Mers, which is another coronavirus vaccine, and also Disease X,” Professor Gilbert said.

“Obviously we didn’t know what kind of pathogen Disease X was going to be but we were putting plans in place in case it did pop up and we needed to respond to it.”

The particular type of technology the team is testing has also quickened the process.

“The ChAdOx vaccine, is a so-called platform technology, which can be used to make vaccines against lots of different diseases.”

Oh my gosh, missed this in the Telegraph yesterday.

Scientists hail 'stunning' results that show areas of New York may have reached 68 per cent immunity.
Areas of New York have recorded a nearly 70 per cent rate of immunity to Covid-19, in what scientists have described as “stunning” findings that suggest they could be protected from any second wave.

Dr Daniel Frogel, a senior vice president for operations at CityMD, which plays a key role in the New York City’s testing program, suggested that some communities may have already achieved herd immunity.

I love these forecasts because they seem to know exactly where the UK will be in 4 years time.

They also know what trade deals we'll get and how the global economy pans out ?? Pick a number between 0 and 100 and there's your answer.

We're going to see a lot of companies that were already struggling 'optimise' their businesses. If John Lewis isn't making profit in the problem stores before covid then what chance now? Become a hybrid Amazon or get swallowed up by them. Personally though, I think we need to somehow keep the high street alive for our mental health. If we lose too much of the social experience it'll affect us all.

Well I predict Lloyds at £2 by the of end of 2021. If it comes true not only will I be a visionary but also be rolling in it.

IMO I don't see a 1930s decline. Not with the Fed and other central banks injecting money left right and centre. Boris has said no return to austerity so it should be boomtown in the UK soon. We just need an EU trade deal (which I think is already signed) and this virus to foxtrot oscar. I still have hope to reach a £1 but 60p would be most welcome :)

"Following a strategic review of our Software division over the past year, we made a decision to focus on a portfolio of core software capabilities which are better aligned with and support our consulting, transformation and digital BPO services, and the vertical markets of the rest of the Group.
We will retain software assets that are catalysts for growing our other services – and plan to dispose of standalone software products that have little overlap or cross-sell with the rest of Capita, such as ESS."

That does not sound like a firesale to me. Capita need to turn into an Accenture.

Am I right in assuming that ESS could be sold any day now, or as soon as a buyer comes forward? We know Capita want to sell but no idea when or if there's an auction. This means potentially the share price could jump in a heartbeat.
Could this be their De La Rue moment?

Well that was a bit of an anti-climax of a day. At least the AGM is done with and now clear where we're at.
Sale of ESS and new Government contracts on the way so hopefully we'll be cruising above 50p again very shortly. Come on Capita.

RNS looks reasonable. Plenty of cashflow, debts getting paid, company is effectively working from home plus and they have a lucrative asset to sell. Not sure what people were expecting in the news? 10 billion profit? rofl.

20p. Just because i've bought a load of shares..

Hello new poster here. Just wondering why Capita is still down 70% from Feb. Surely it's worth at least half of it's pre-covid value or around 70p? Is it really that stressed?