Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Theosus , what I dislike are the posters who are intentionally trying to spread fear and panic ....That really is not nice , especially when you have older investors who rely on the divend income .
I used to be member back in the day on the iii lloyds board during the height of financial crisis...and believe you me if you were around then you would have heard and seen it all ...the vast majority of posters were amazing good people , but the odd handful were just downright nasty human beings
Anyway best of luck to all on here during this difficult time ....just when we finished PPI !!! You couldnt make it up
Everyone knows you cant influence a share price on a bill board but there is some psychological reason why posters do it ...maybe it just makes them feel better about their own positions in the markets - who knows ...
zoros ....step back slowly and put the crack pipe down ....
Whilst your talking utter nonsense , and talking your own book , the big pharmaceutical companies are stared trails in April .
This is going to last a year at most .
From the Times ....
The Bank of England said that British banks held £1 trillion of liquid assets and were “well able to withstand severe market disruption”. Banks have been forced by regulators to build up capital buffers since the financial crisis, while investors are struggling to understand what the impact would be on financial institutions if big companies in other sectors fail.
John Cronin, an analyst at Goodbody, the stockbroker, said: “Asset value deterioration — loan impairments, liquid assets — is the main worry for us. We are less concerned about funding costs given the supports likely from central banks.”
Bank shares may rally if coronavirus cases slow or there is positive news about a vaccine, but “ the longer this crisis goes on for, the more damage that will be done first”, Mr Cronin said.
Andrew Coombs, an analyst at Citigroup, said: “Most investors agree banks are better capitalised than ever, thereby reducing solvency concerns. However, memories of 2008 are still fresh.”
Banks’ pledge to allow customers to take payment holidays if they were struggling would help avoid bad debts, but a drop in demand for loans and lower interest rates would hit revenues, he said.
Lenders are facing tough times, as companies which are clients in the aviation or hospitality sectors have warned of an existential threat to their businesses.
Citigroup said the focus was on banks’ commercial exposures to travel, leisure, hospitality and energy. Barclays has £45.2 billion exposure to energy and water and £27.3 billion to wholesale, retail distribution and leisure, the US bank said.
Lloyds has a £3.7 billion exposure to energy and water supply and £19.3 billion to transport, distribution and hotels, and RBS has a £14.3 billion natural resource exposure, £20.6 billion to retail and leisure and £18.8 billion in transport, Citigroup said.
British banks own about 3 per cent of the total leveraged loan market — risky lending to debt-laden companies — and under 1 per cent of global collateralised loan obligations, which are parcels of usually high-risk loans, according to Bank of England data.
Economics
Banking
From yrs and yrs of experience being around the financial blog sites - I can tell you one thing I noticed .... Anyone who has has a user name with the word " trader " in it , is 90% of the time a fantasist .
Thats my thought for today
And its been that way since the financial crisis . Half the problem is that people no longer trust the stock market - they have lost faith . Why invest in a dodgy stock market when you can invest in property - so much safer even when it goes down it comes back - the same cannot be said for shares...Look at Lloyds
The stock market has become a racket .
Yes your absolutely right it is rear view stuff now that PPI has finally come to an end
And The future should be in the hands of a new CEO ........
Dont get me started on Lloyds pledge to return profits to shareholders - what was it , 80% of profits to paid to share holders ...Oh and then they realized that was way to ambitious & would only be 60% , and then yet again that figure went down to 50% ...do you all remember that farce ...I mean seriously you couldn't make it up
What a bl00dy disgrace that Lloyds shareholders have paid for this peoples QE ....
It makes so angry that my dividend money has gone to so many false claims ,,,because a lot of them are ...blame the boss Antonio for giving the shareholders money away so easily ....I am so glad to see the BACK of it
" One City source suggested it was time for new blood, while analysts said they would be surprised to see Horta-Osorio hang on for much more than a year.
Ian Gordon, a banking analyst at Investec, said: 'Lloyds has made slight progress under Horta-Osorio in terms of its underlying performance.
'The share price has gone nowhere, mainly due to PPI. It was he who held up the white flag and took responsibility, but then he thought the cost would be £3billion – not £22billion. So whether that was a good idea or not is up for debate.
'I think he may stay for one or two years. He's been in situ longer than most chief executives so I think it would be surprising if he stayed much longer. "
Its time for Antonio to move on - the share price performance has been shocking .
Lloyds will just fluctuate around these levels until the trade deals are done ...we are going nowhere at the moment