nordcaperen, are you related to Tanker? I think we should be told. Meanwhile, here's an alternative view of LLOY:

(This article has been posted on The Source, the Wall Street Journal Online's site for European real-time analysis http://blogs.wsj.com/source)


Posted by Margot Patrick

Analysts were hard-pressed to explain why Lloyds shares fell 9% Thursday.
Sure, the bank reported a GBP2.3 billion net loss for the first half, but it wasn't unexpected after a hefty provision in the first quarter to compensate customers who were sold faulty payment protection insurance on mortgage and loan repayments.

Pretax profit, stripping out a series of charges, was still down but that was also to be expected given the state of the U.K. economy and the higher cost Lloyds is having to pay for its funding and customer deposits.

On their own, the results weren't a shocker, and no one was under any illusion that Lloyds' recovery will take at least the three to five years predicted by CEO Antonio Horta-Osorio.

So far, his handling of the bank and a new set of strategic priorities have been well-received by analysts and investors. It's just not coming through yet in the share price.

What's spooked investors Thursday is likely a mix of three things: rising bad loans in the second quarter, including ongoing deterioration in Ireland; a tepid response from potential buyers of the 632 branches Lloyds is selling as a condition of state aid; and concerns about the outcome of the Independent Commission on Banking that will almost certainly raise Lloyds' costs and may even lead to further forced disposals.

It looks like things will get worse before they get better, and there's not a lot of clarity on when better might actually start.

For one thing, there are signs the U.K. economy has slowed since Mr. Horta-Osorio laid out his strategy five weeks ago and gave guidance on how the economic picture would affect margins and earnings this year.

He said he was sticking by that guidance Thursday, but Lloyds' base scenario of rising base rates this year, declining unemployment and stabilization in house prices is looking more and more unlikely and vulnerable to revision.

A deterioration in the economy would likely mean more margin pressure and higher bad debt charges, just when Lloyds thought it had put the worst behind it.

Nearly all of the analysts who cover the stock are positive on Lloyds in the long term. Once it gets past its regulatory hiccups, sees the government sell down its stake and completes the lengthy restructuring, it should be in great shape to benefit from its dominant market position.

A halving in its stock price so far this year could be just the trigger to buy into that longer-term story.

yes the ceo did say it would take 3 to 5 years by that time he will have is cash and gone to new pastures

Looking at Directors deals, a few people have just bought in, is it time to buy Lloy shares this week i wonder, if they go sub 30p, surely this is the bottom of the barrell and so a good buying oppoetunity, any thoughts anyone.

Cheers Cashcaptain

If you think everything is now out in the open, then 'Yes'.

If you think everything is not yet out in the open, then 'No'.

Daniels lied to us and as 'Tanker' on here says, he's been pensioned off now. Also Lloyds didn't do 'due diligence' when they bought HBOS, so why would you go trusting them now?

Cynically, just go into any Lloyds TSB bank and pay in a reasonable sized cheque. Then wait 10secs or less for them to start cheating you.

exec. yes DANIELS told holders lies and thhe board who are still in place backed him
so that makes them liars how can you trust liars with your money
why has no one at lloys spoken out about the board of directors .
answer because they are to scared to speak it is a disgracefully run bank and the gov allowed them to employ enough ceo taking millions in pay .
the gov speaks with its back side .
i will post it again the new ceo and the board are trash rubbish dimwits but only for holders and customers well they fill there own pockets .
I KNOW THAT I COULD RUN IT BETTER AND IN 6 MONTHS IT WOULD BE OVER 100P

Still a sell despite the World Banks stepping in to buy Italian bonds.

Rumours of two other banks (SocGen & Unicredit Banca) in trouble due to greek exposure. Might impact on banking sector as a whole, if true.

off suject . in 2011. the world has no leaders .the days of good leaders has gone
today they only go into politics for there own ends not for there country.
people can not now look for leadership from them .
the rioters should now be taken out by people like myself and other good people
we should all take to the shreets and put them in there place .they are just sub humans so we should be allowed to kill them

My fear is it will have to be re-capitalised sometime in the next months.

meantime the share price could fall to 25p.

Your last post Tanker makes you a complete asshole, are you wearing a white robe and hood???

Every chance it will go sub 30p today.

Although I don't agree with 'taking them out', I can see that Tanker has some kind of a point.

It certainly need something doing by the authorities other than for the rest of us to see so many police on the TV 'just standing around powerless to do anything'.

Tasers might be a good idea?

Water cannon might be a good idea?

Stun guns might be a good idea?

Support from the troops (Oh, sorry! We haven't got any!) might be a good idea?

bale . no i am a good living human these hooligans are sub humans destoying peoples homes and lives .the police should be allowed to shoot any one breaking in are stealing goods .
if it was one of my children i would want the police to deal with it even if they have to kill them .but my children would not do it full stop .
these thugs parents must be thugs them selves they keep telling us in these country that they are close nit familys well tell me what that means to me it must mean
that they are liars when in the next word they say they did not no what theywhere doing .they should deport them.

diane abbot the MP stated on tv last year that black mothers brought there children up better than white mothers and yesterday she blamed the police for lack of action
she is a racist in the labour party why has she not been kicked out

ex . it has to come down to people like myself there are thousands like me that would work along side our police .these thugs must be dealt with hard the only thing they under stand is force but 99 percent are cowards i am not i will stand up to anyone .and no iam not a bully .the police MUST be given power to shoot these sub humans

all bullys and thugs are cowards own there own ,
i have dealt with a few in my time

last post .
our leaders have got no bottle

At the start of this thread mitzy asked if LLOY would succeed with HBOS - something I doubted was a good move then, - and still think that was their worst move in 150 years...
Look at the sp graph over 4-years and by-and-large LLOY and RBS are neck and neck.
Both rubbish investments, due to rotten decisions (although Dirs retire on handsome pensions-Why? It's our money they've given themselves and will CONTINUE to give until stopped!).
However, that is history and the situation is that "now" they are unlikely to return to huge profits - because most of the last 10-years was an illusion (+er, same comments about Directors) - those super profits were a result of miss-sold insurances . . . . . so recent falls are not surprising, as folk won't be going into their Bank for an expensive loan . . . . not soon-a-ways, anyhow.
Grr. Makes you wan er spit.


Any sensible comments on Markets generally?



PS. I hear Hols in Greece are fairly cheap.

EDIT:
Tanker, I dunno, but I still don't like it...well paid execs should fall on their swords if the business goes bad on their watch - who else is there to blame. That's (partly) why they're overpaid...to take on the Big Descisions, sink or swim.
Barclays too!
BTW I see a clutch of BARC Directors have lost 25% each (DYOR) after recent Buys just a few days ago...inc Bob Diamond - even this loss is nothing like shareholders have suffered, but it's nice to know for once we're all in it together, eh?

hang,
why did the gov who own 41% allow the new ceo to get millions in thank you
payments .the man is a loser fact and in 3 years will be gone with is pockets full

During the War there was a soldier at every junction armed with a rifle and fixed bayonet with orders to shoot looters I dont know why they cant re-introduce something simliar to deter looters.

Meantime..COLLAPSE..which high strret banks is about to go broke..?