Member Info for RickEngland

I see those 1000's of mortgages holidays akin to granting 1000's of "new" small loans. It's likely too that banks switched existing loans into new gov backed guaranteed loans for businesses when they needed new funding. From a revenue point of view, I see this as a big positive. Not to mention maybe people on furlough where still being paid.

They question to ask everyday is "are things getting better or worse?" It would appear we're now in getting better territory. So i foresee upside now, at least this week.

Hi folks, first post.

I think we need to take into consideration, that although output (GDP) might be low, many are still being paid via the Government. So measuring GDP as an indication of financial distress, is not as bad as some might expect.

I'm still pretty confident that Lloyds will get through this. They are using 2019 final div, plus 2020 potential divs. What's that around £12bn. Add to that strong capital and assets worth well over 50p per share. We are in the 2nd phase of returning to work.

I'm struggling to see the future downside at current share price.