Lloyds Banking Group Live Discussion

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PrefInvestor1 08:20

Double Top Well congratulation @Eadwig, I think that you have found something that is sufficiently scary to stop me putting any more money into VIXL. At a quick reading the document describes a mechanism for re-valuing the price in the event of big move in the underlying index, it describes it as a protection mechanism. But as it also makes it clear that this might result in the price going to ZERO (0) AND that the mechanism was last employed in February of 2018 when VILX was at a very similar level to where it is now, thats pretty scary. They say that should never invest in anything that you dont fully understand and pretty clearly that is the case here. What happens if the price goes to zero (apart from you having lost all your money !), do you still hold N units at ZERO price which might then recover. Is trading halted ? (cany buy any at ZERO I guess !!). No too many questions and I have no good answers ATM anyway. I shall NOT be proceeding with my plan to put any more money into VILX. I shall leave my £175 to see what happens to it and thats it. I SUGGEST THAT YOU KEEP WELL CLEAR - OR IF YOU DO PROCEED YOU DO SO TOTALLY AT YOU OWN RISK. CLEARLY THERE IS GOOD REASON FOR THE KID GIVING THESE A RISK RATING OF 7 !!! ATB Pref

Eadwig 07:54

Will Lloyds be Boosted in Sept Charging for current accounts (like they do in most other countries, I believe) has to be favourite. But how to introduce charges and get it right? UK customers will hate to pay for bank services when they have a credit balance (with zero interest being paid on it). If LLOY, or any other bank, over charge or go first, they’ll lose customers hand over fist. BUT, any sort of agreement between banks will rightly be seen as abuse of a cartel … I suppose the way out would be for the banks to go to the B. of E. and ask them to set a standard rate for running a current account, then they all charge the same. Not really competition though, is it?

soi 07:48

Will Lloyds be Boosted in Sept SaraRacano: No doubt they will find another way to fleece their long suffering customers & get busted again. I think there is a better than evens chance of what you have stated coming true. Aside from which the traditional “bricks and mortar” style of banking ( and retailing) has changed. More difficult to make money. Extra competition from some of the newer challenger banks to make changes fast than the larger banks. Time will tell. soi

Eadwig 06:53

Double Top @PrefInvestor1 I wonder if you had read this, and if so, can you tell me what it means in simple terms - I.e. for someone holding at the time that it happens? wisdomtree.eu vixl-intraday-restrike-mechanism-notice.pdf 150.34 KB

soi 14 Jul 2019

Share price action/patterns/banking news/interest rates LLOY pa loosely followed Thursday, albeit with a lower high and lower low ( just ) That is negative. It managed to get past 58, then got vertigo and dropped hard in to the close. If that pattern continues, I guess it is worth shorting early/mid day then closing later at profit and perhaps going long in to the close if wanting to hold overnight. ATB soi

J_Westlock 14 Jul 2019

Everyday petethenovice: reese moggy. after the win…"we dont need the EU to win " hard to believe how thick and desperate these Brexit MPs are. A peculiar comment too… seeing as we are in the EU. Also notable that there were no other EU states in the competition. Thank Heavens he isn’t measuring success of the UK by Wimbledon victories.

petethenovice 14 Jul 2019

Everyday Eadwig: Congrats to England & Wales. Hard luck to New Zealand. reese moggy. after the win…"we dont need the EU to win " hard to believe how thick and desperate these Brexit MPs are.

Eadwig 14 Jul 2019

Everyday @john.a.reeves

Eadwig 14 Jul 2019

Everyday john.a.reeves: QED JAR Resign! You just missed one of the greatest moments in British sporting history because you were too busy talking bollocks. I’ll put my I.Q. against your any day, by the way. Congrats to England & Wales. Hard luck to New Zealand.

john.a.reeves 14 Jul 2019

Everyday Eadwig - hi Eadwig: get ch 4 on tv you fool! QED JAR

Eadwig 14 Jul 2019

Everyday get ch 4 on tv you fool!

john.a.reeves 14 Jul 2019

Everyday Eadwig - good evening Eadwig: @john.a.reeves Resign! I’m a bit concerned about you m8! Have you ever considered applying for a brain transplant because your current one isn’t functioning correctly? Having seen your posts over some time, the problem certainly isn’t caused by over use so, I suspect, it must have been faulty when installed. By now it will almost certainly be out of warranty. There’s no need to go for anything elaborate or expensive. The basic model will be more than adequate and a marked improvement JAR

Sir_Buns-Up_Knealing 14 Jul 2019

Everyday fynne: However, the Tory type anti -Semites will now be mostly in the Brexit Freak Show Party, which is of course led by “Gas 'em all, gas 'em all” Farage. Not exactly appropriate in any circumstance What isn’t? That’s what Farage the great Brexit champion is reported to have said - along with his “N” word hate speech. IMHO, SBK

Sir_Buns-Up_Knealing 14 Jul 2019

Everyday john.a.reeves: I said I’d resign if the Islamophobia in the Tory party ever came close to the high level of anti-semitism in the Momentum Party. Jarhead, What you need to do is call your vote for Johnson and resign from the party due to his appalling treachery to Britain in a sickening attempt to curry favour with oaf Trump. Are you aware that Johnson’s paternal great grandfather, Ali Kemal, was stoned and hanged to death for treason by a lynch mob in Istanbul in 1922? One wonders if this trait is genetic? Just like Trump’s dad Fred, who was a fascist and Ku Klux Klan supporter (arrested in 1927). But before someone like carpet starts claiming that I’m calling for a similar grizzly fate for Boris, no I’m not. I totally oppose stoning. IMHO, SBK

fynne 14 Jul 2019

Everyday Sir_Buns-Up_Knealing: However, the Tory type anti -Semites will now be mostly in the Brexit Freak Show Party, which is of course led by “Gas 'em all, gas 'em all” Farage. Not exactly appropriate in any circumstance

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