LLOYDS is going to FLY



Will I ever get an answer to " who is we " ?

I think J_W was correct in calling you a loon.

Can you even say whether you have a holding or position in LLOY ?

How about being open ?



Probably Ross… and the voices he hears in his head.


He certainly has an individual and rather eccentric style. Still, all views are welcome.


I’ll just try and explain one more time.

The value of a retail bank is generally entirely dependant on the economy within which it operates. For LLOY that is now almost entirely the UK after its purposeful downsizing.

The health of UK economy is almost entirely dependant on BREXIT and its outcome., as you have repeatedly been told over the last almost 3.5 years.

Therefore the value of LLOY and the outcome of BREXIT are closely linked. Separating the two in your own mind is bizarre in my opinion.

As for LLOY having covered all bases. How can they have as not one single person can predict all the bases? IF LLOY are very, very lucky, they may find that they have wasted a load of cash covering bases they didn’t need to.

More likely, within weeks of a No Deal Brexit we’ll see bases that LLOY haven’t covered - like outstanding loans to companies that announce they are ceasing business. There will be some of those, as even the Johnson government now admits.

Personally I predict specific hits such as the above and a general recessionary background in which retail banks just do not thrive.


Looks like we have finally broken the 54p barrier and it now appears to be holding. I’m predicting (and I should be selling but I won’t) that there will be some profit taking around 15:30 today - possibly back below 52p. Thoughts?


They speak with forked tongue.
And possibly with a slight" squeeze" on their powder horn.


Well it looks like LLOY is flying for now along with other banks and housebuilders. This is puzzling because these sectors would be vulnerable to Brexit and recessionary factors. Nonetheless, my portfolio has recovered to very close to its highest ever balance albeit with a little help from reinvested income.


Frog in a tree


And dancing with wolves that are galloping off in all directions.


Is it possible B & M.S are right in the 75.00 number?


Yes, but that has been largely priced in .

Now the government has clearly started to at least acknowledge some of the damage Brexit will do/has done and is promising to do something about with new policy changes every day, like replacing the EU’s massive funding of UK R&D (No idea where that money is coming from) and encouraging greater immigration (that will fund a lot of it).

It is like they have suddenly abandoned the Brexiteer rhetoric and started listening to the Remainers. The logical next step is to cancel Brexit - but that would be too sensible.

Even so, the markets look to have started to believe that No Deal is now off the table and therefore a lot of the potential damage, for which they have been allowing, might now be lessened.

This in turn means GBP has strengthened, which in turn means UK-centric companies are more favoured. This can be summed up by …

GBP = 1.245 USD and 1.12 Euro
FTSE 100 +0.4%
FTSE 250 +1.1%

… so - while still heading for disaster, the markets believe a lot of that is already priced in. Hence the recent revival over the last few days, coming from a low base. The market has a very short term memory these days though …

Also, I’m afraid that a lot of these U-turns will simply turn out to be quid pro quos with ‘rebel’ Tories (who are simply living up to their duty to protect ALL of their constituents so far as possible), to get them back on board. Many of the promises that require funding may never come to anything.

The real test for me is if they will eventually include freedom of movement within a Brexit deal. I think they have to - how else do you solve the Irish problem?

That would be a Norway style solution. We can pay the EU for market access AND re-build a new whaling fleet to provide employment for the millions of disaffected Brexit Party voters. The UK would also get the right to pursue new, individual trade deals so it can trumpet ‘taking back control’.

Perhaps not. Anyway, that is my take on why the UK-centric stocks are doing better. Also, the sacking of Adam Bolton just possibly underlines that Trump has recognised that he can’t win any more votes by going even further right. Johnson and friends will take note as they are using his play book.


Market Cap 42.45 to 44,88



They are wrong



Another view (8 days old) … same result. You can’t separate LLOY and Brexit. This article also lists a number of risks associated with Labour policy. Undeniably a Corbyn government is more likely due to the Brexit referendum result.

(Bloomberg Opinion) – Lloyds Banking Group Plc is within touching distance of putting behind it a scandal that has cost a breathtaking 21.8 billion pounds ($27 billion). But any celebration would be premature: The lender is, in effect, one of the biggest bets on Brexit Britain.

On Monday, Lloyds said it would suspend a share buyback after setting aside an additional 1.8 billion pounds to compensate customers who were sold payment protection insurance they didn’t need or want.

The end of the costliest scandal in the history of the British banking industry is unlikely to prove a turning point. Banks still face the most uncertain political situation in a generation, and there’s little their managers can do to prepare for what may come next: a no-deal Brexit or an election victory by Jeremy Corbyn’s Labour party.

Analysts at Citigroup Inc. estimate that in the event of a no-deal Brexit, U.K. loan growth would drop in line with a likely economic contraction, cutting British bank earnings by as much as 9%. A possible decline in interest rates would also eat into profit and the big unknown — the pace at which loan losses would build up — would further erode income.

Add to the uncertainty a potential election and Labour victory. In addition to policies that would affect the economy broadly — handing 10% of companies to employees, increases in corporate taxes — the opposition party also envisions changing the law to stop banks from shuttering branches. Cutting costs by closing outlets has been at the heart of Lloyds’s restructuring under Chief Executive Officer Antonio Horta-Osorio.

To be sure, British Prime Minister Boris Johnson may yet clinch an agreement with the European Union on Brexit, and a Labour election victory may not materialize.

Yet the risks to Lloyds appear to be near acute: U.K. consumer and commercial lending accounts for more than three quarters of its assets, and its insurance and wealth businesses are also largely domestic.

Since the Brexit referendum, Lloyds’ shares have dropped about 31%, under-performing both the FTSE-100 Index — which is up 15% — and the FTSE 350 Banks Index.

Without a crystal ball, quantifying the cost of Brexit to the country remains tricky at best. The Bank of England now expects the peak-to-trough hit to GDP to be about 5.5%.

Many see value in Lloyds — 90% of analysts recommend buying or holding the stock. At around 13% return on equity and a price to book of 0.8 times it isn’t a commanding valuation.


LLOY down 1.6 % today

Flying indeed.



Surely, I was not the only one that’s was not getting excited with last weeks rise to 55p ?

Just another Dead Cat Bounce

Nothing to see here, until we depart Europe or another referendum / cancel leaving

OK off now to enjoy living the dream, driving around the countryside with the better half… Mobile Phones etc are Banned …

I am on my time now no more wasting my life looking at share prices like I did when working :slight_smile:



The Future.
Very well presented Fellas.
However…WE were discussing BREXIT and its resolution in regard to the B.J. direction
AND …. It’s only one way with him… " O U T "
AND ….As Brits we will march on with a stiff upper lip.
AND ….Lloyds will make a fortune selling travel insurance ….tongue in cheek



Happy days ……Yes
Driving around the country with the better half…You have it all.
A time of relaxation … when mobile phones etc are banned.
How about reading …in a quiet lounge perchance for relaxation ?.. if so ….and you can find it…a book I wrote many long years ago ( in another world )" THE SUPERLIST…I spy alone" You may enjoy it.
Yes ….our values do change



I been around a while with shares, sometimes you just got to enjoy the ride and wait for the good times to roll back…

I am happy to enjoy life and pick up the dividends … no pressure to sell any shares today




Sounds great! With your more patient investor’s approach & little likely to change anytime soon on a macro-level, I think you have the right idea. Life’s so short & now you’ve finished employment, nothing seems better than to enjoy it as much as you can. You’ve certainly earned it.

In future I plan to live just 1 year without mobile phones, no TV or internet access. Just occasionally tune into the radio to keep in touch with world events. But otherwise to live a life focused only on my immediate reality, which will also include lots of travel. That’s a promise to myself & something I intend doing in a few years time. - All the best!


Honestly most nights now I am in bed by 9.30pm listening to 5 live or Talk Sport or BBC Essex

Not spent any Dividend money yet, I’ve already built up a nice nest egg , so no rushing around topping up, todays portfolio will hopefully pay me 15k to 20k a year based on a 5% to 6% Annual Yield return in dividends