Is this the cheapest the Lloyds share price is ever going to get?

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” By mid-afternoon Thursday, the Lloyds Banking Group (LSE: LLOY) share price sat at a new 52-week low of 46.42p (and might drop even lower before the end of trading).Since coronavirus-led fears precipitated the latest stock market sell-off, Lloyds shares have declined faster than the FTSE 100. The shares have not been this cheap since as long ago as 2012, so we’re looking at an eight-year period of stagnation.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Have the shares really, finally, fallen as low as they’re going to? As a long-suffering Lloyds shareholder, I keep hoping so, but my hopes keep getting dashed. And, as my Motley Fool colleague Jonathan Smith has suggested, there’s a fair chance the Lloyds share price will fall further in the coming months.OversoldBut I still see the shares as oversold. What we’re looking at is a combination of factors that are negatively affecting the outlook for Lloyds. It is facing an uncertain future as a UK-centric retail bank, especially as there’s a serious risk that Boris Johnson will fail to secure a good post-Brexit trade deal.But there’s nothing new there, and investors fully understood that when the shares were trading above 55p just a few weeks ago.The bank’s full-year results, released on 20 February, perhaps looked a little disappointing. But a big part of the hardship came from the costs of the PPI mis-selling scandal. There was an extra £2.45bn hit, taking the total to a staggering £21.9bn. That was far worse than originally feared, and it led Lloyds to call off its share buyback in 2019 — it had returned £1.1bn that way in 2018.VisionLloyds’ failure to anticipate the full scale of PPI costs, leading to it paying out more cash to shareholders than might have been prudent, will surely have raised doubts over the board’s clarity of vision. It did with me.But again, there was really nothing unexpected there, and the share price actually blipped up slightly on results day. That market reaction wasn’t a ringing endorsement for the future of Lloyds, but nor was it a condemnation of the outlook.That brings us back to the coronavirus, as it’s really the only new development that’s coinciding with the latest share price weakness. Nobody really has any idea how bad the end result will be, but we can be pretty sure we’re past any possibility of the UK preventing a significant outbreak. What might that mean for Lloyds?DividendI reckon it’s all down to fears for the dividend. While confidence in the dividend remained reasonably high, I think that was helping maintain some support for the share price. But I’m seeing a straw and camel’s back situation here, and any virus-led banking slowdown could be the final factor that leads Lloyds to cut its payments.But saying that, I still don’t see it happening. I expect Lloyds will do its utmost to avoid over-reacting to short-term threats, and will be very keen to maintain its dividend unless we genuinely see a long-term downturn.Meanwhile, the forecast 2020 dividend would yield 7.6% on the current share price. I’m happy to keep taking that. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Sharescenter_img Enter Your Email Address Is this the cheapest the Lloyds share price is ever going to get? Alan Oscroft owns shares of Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Alan Oscroft | Thursday, 5th March, 2020 | More on: LLOY I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Alan Oscroftlast_img read more

The Challenge That Will Make or Break Tech & How Dell is Building Tomorrow’s Workforce

first_imgOur technology’s latest speeds, feeds and features may generate a lot of excitement and attention, but what gets us most excited to go to work each day is how our technology drives human progress.From dairy farmers in India to cancer researchers in Arizona, our customers bring a diverse set of perspectives to the business problems they’re trying to solve. To address customers’ needs, the technology industry must solve a major business problem of its own: a looming talent shortage.By 2024 in the U.S., there will only be enough students graduating with computing bachelor’s degrees to fill 45 percent of the projected 1.1 million computer-related job openings.To close this gap, we must attract and retain more technology workers. And we can’t do that without bringing in more talent from underrepresented groups including women, African Americans, Latinxs, people who’ve pursued nontechnical majors or career paths, and those who’ve taken time off from work. Only 36 percent of U.S. technology industry employees are women, only 7 percent are African American and only 8 percent are Latinx. Closing the diversity gap is critical to meeting market demand and innovating solutions that reflect our global customer base. And it’s critical to closing societal wealth gaps, as the national average wage for all STEM occupations is $87,570, compared to $45,700 for non-STEM occupations.At Dell Technologies, we believe a diverse workforce is a critical part of our business success and how we make a social impact. We’re investing in education and training programs at all levels—from K-12 students to professionals—to bring underrepresented talent into the workforce of the future.Our work must start earlyNew research by Accenture and Girls Who Code found that more than 69 percent of the growth in the female computing pipeline would come from changing the path of the youngest girls—especially those in junior high school. However, that intervention must be sustained: A Microsoft study found that young girls in Europe become interested in so-called STEM subjects around the age of 11 and then quickly lose interest when they’re 15. “Conformity to social expectations, gender stereotypes, gender roles and lack of role models continue to channel girls’ career choices away from STEM fields,” said psychology professor Martin Bauer of the London School of Economics, who helped coordinate the survey of 11,500 girls across 12 European countries.Dell Technologies’ Youth Learning programs have provided 2.6 million underserved K-12 students with access to high-quality technology education. We collaborate with partners including Girls Who Code, which is building a pipeline of young women to work in computing, and CSforALL, which aims to bring computer science education to all of the country’s school districts.Getting real about where we need improvementIndustrywide problems require industrywide solutions. That’s why we’re a founding member of Reboot Representation Tech Coalition, a Melinda Gates initiative to double the number of black, Latina and Native American women graduating with computer degrees by 2025. Twelve tech companies—including Dell Technologies and our fellow Reboot founders Intel, Microsoft, Adobe, Oath and Salesforce—have committed a collective $12 million toward this goal, and new members continue to join. In addition, this coalition will work together to leverage best practices from our companies’ women’s leadership development programs to create an ecosystem that enables women of color to excel in tech.Beyond investment to create the curriculum that mattersThrough our new Project Immersion program, we are partnering with select historically black college & universities (HBCUs) and minority serving institutions (MSIs) to develop curriculum that cultivates the skills diverse students need to succeed in today’s tech industry. Our inaugural spring semester classes began in January 2019.  We have served more than 100 science, technology, engineering and math (STEM) students at The University of Texas at Austin and three HBCUs in Atlanta: Spelman College, Morehouse College and Clark Atlanta University. We brought in teachers from across Dell Technologies to teach subjects like cloud infrastructure (Pivotal) and cybersecurity (SecureWorks). Dell Technologies’ Chief Diversity and Inclusion Officer, Brian K. Reaves, led a session to provide perspectives from the C-suite on the critical business acumen skills required of future leaders in the Fourth Industrial Revolution. And our employee resource group members from the local chapter of Black Networking Alliance (BNA) helped guide the technical workshops.“This program is personally meaningful to me because as a computer science major, I am interested in cybersecurity, but am still learning about what it actually entails,” said Yvonne Akuamoah, a Project Immersion student at Morehouse College. “My institution doesn’t offer any cybersecurity course, so this was my first real exposure to the field.”We held a roundtable with HBCU students and faculty to gain insights into how we can continue to attract and retain underrepresented talent in STEM. Additionally, we are scaling Project Immersion to other universities, starting with Georgia State University, one of the most diverse universities in the nation and physical hub for the Georgia FinTech Academy. We are also exploring opportunities to partner with additional HBCUs/MSIs to offer the program online.Helping non-IT pros make the switchCareer changes are common in today’s dynamic workplace, and we want to help more professionals pivot their careers to tech. Northeastern University’s ALIGN program serves women and underrepresented minorities from non-IT fields who are pursuing master’s degrees in computer science.Through our partnership, we have provided five Dell ALIGN Scholars with financial support and future co-op positions at Dell Technologies. We aim to double our reach this year, and are working with other companies and universities to expand ALIGN around the U.S.“This program encourages me to believe that I am able to learn a completely new topic at whatever age, no matter how difficult it may seem,” said Bethsaira DeOliveira, Dell ALIGN Scholar. “It is very empowering to be taught the specific skills needed to enter a complete new and different field of study—computer science.”It’s never too late to restart your careerBuilding a diverse team isn’t just about recruitment; it’s also about retention. Especially of women, as they leave the technology industry at a 45 percent higher rate than men. Through Dell Career ReStart, we offer professionals a smooth transition to working at Dell Technologies after they’ve left the workforce for a year or more. Their reasons for leaving might include starting a family, caring for an aging parent or leaving to pursue higher education. ReStart provides an unprecedented level of support spanning resume and interview coaching, mentorship and training.Windie Darrington, a ReStart participant working in project management at Dell Technologies, said, “I left my previous career to raise my two beautiful children and returned to the workforce when they started school. It feels amazing to be valued, supported and provided resources and mentors to grow my career and better myself in my personal life. I have never felt like this is just a ‘job.’ It is a true testament to my new career when my children brag about ‘mom’s work’!”Making a measurable impact on technology’s talent shortage will require many collaborative solutions—no single program can solve this issue. We look forward to working with our partners to expand our programs and help them thrive.Learn more about how Dell Technologies cultivates inclusion, here.last_img read more

Lloyd’s insurer Apollo to stop covering Adani’s Carmichael coal mine in September 2021

first_imgLloyd’s insurer Apollo to stop covering Adani’s Carmichael coal mine in September 2021 FacebookTwitterLinkedInEmailPrint分享Reuters:Lloyd’s of London firm Apollo has written insurance for Adani Enterprises’ Carmichael thermal coal mine which expires in Sept 2021 but is not planning to provide any further insurance for the mine, according to a memo seen by Reuters.Carmichael has provoked controversy in Australia because it would open up a new thermal coal basin at a time of growing concerns over global warming, in a region that is in need of jobs. Adani has begun construction at Carmichael, which will start by producing 10 million tonnes of coal per year together with an associated rail project, and expects first production in 2021.“We participate in one construction liability policy in respect of Adani Carmichael…this particular policy terminates in September 2021 after which we will no longer provide any insurance cover for this project,” chair of Apollo Syndicate Management Julian Cusack said in the memo.“We have recently declined to participate in an additional policy relating to the port and rail extension and have agreed that we will not participate in any further insurance policies for risks associated with this project.”Cusack confirmed to Reuters via LinkedIn that he had written the memo. Adani did not immediately respond to a request for comment.Lloyd’s of London, which has more than 90 syndicate members, does not have an overarching policy on coal, though the Stop Adani campaign says 17 Lloyd’s insurers have ruled out insuring the mine.[Carolyn Cohn]More: Lloyd’s insurer Apollo to stop underwriting Adani coal mine from September 2021last_img read more

Cornell Cooperative Extension gives out 5,000 masks to local farmers

first_img“We jumped on the opportunity to partner with New York agriculture and markets to be able to provide these items to our local farms,” said Broome County’s CCE Executive Director Beth Roberts. “Like” Jacob Seus on Facebook and “Follow” him on Twitter. He recounts seeing them say “out of stock” online. “We probably have about five or six employees that will use these gloves and such,” said Johnson. This was a trend that was noticed by the Cornell Cooperative Extension and well as assemblywomen, Donna Lupardo. On Tuesday, in Broome County at three different locations over 5,000 face masks and 380 gallons of hand sanitizer were handed out to local farmers and their employees. BINGHAMTON (WBNG) – In a time when wearing masks is the new normal, farmer, Dave Johnson, at Apple Hills says he couldn’t find them anywhere. “We”ll use them, we need them, I get on catalogs on the computer,” Johnson told 12 News. In time where farms in our area have been struggling, Lupardo told 12 News they will continue to be here to help out anyway they can. “If they have the need we will be here to fulfill it,” said Lupardo. “It’s been a challenge getting masks into the hands of farmers because there are so many out there and they are so busy,” said Lupardo. last_img read more

Asian stocks slide deeper as pandemic fears grow

first_imgBut most new infections are now being reported elsewhere, with news on Thursday of a jump in cases in South Korea accompanied by a warning that the virus may be spreading in California.South Korea reported 334 new cases on Thursday, its largest daily rise since its first case was confirmed on Jan. 20. China reported 433 new infections.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent and is down more than 4 percent for the week.Australia’s S&P/ASX 200 dropped 1 percent by lunchtime and has lost 7 percent this week. Japan’s Nikkei fell 1.7 percent to its lowest since October. The Hang Seng fell 1 percent. Gold climbed 0.7 percent. Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds.Rising fears of a pandemic, which US health authorities have warned is likely, had already wiped more than US$3.6 trillion from global stock markets by Wednesday’s close.China accounts for about 96 percent of cases and has instituted dire containment methods that have paralyzed global supply chains. Topics :center_img “The market was complacent until last week as central banks and governments were at the rescue,” said Desh Peramunetilleke, head of microstrategy at Jefferies in Hong Kong.“The rising infection cases beyond Chinese shores has certainly raised the pandemic risk,” he said. “The current earnings estimates do not yet factor in such risk and are therefore vulnerable to further downgrades.”A show of confidence from President Donald Trump, who sought to play down the risks to the United States at a White House press conference, offered little solace to traders focused on the virus’ spread.US stock futures fell as far as 1 percent as he spoke, while European stock futures fell 2 percent in Asian trade, suggesting a possible catch-up drop in stocks there.Fresh record-low yields on benchmark 10-year US Treasuries overnight, and the morning’s firm demand for dollars, yen and Swiss francs underscored the worried mood.The only bright spot, ironically, was China’s stock market, which steadied in relief that domestically, at least, the outbreak appears to be under control.The virus has driven an enormous flight of assets out of Asia as investors try to isolate themselves from both the outbreak itself and the cost of what has now been more than a month of paralysis in the world’s second-biggest economy.New Zealand’s government said on Thursday it might need to pump money into its economy, where China accounts for about a quarter of exports, should the fallout cause a global recession.Capital Economics now expects Chinese growth to contract this year.“The economic risks from extended disruption are non-linear,” Capital’s chief Asia economist and its senior China economist, Mark Williams and Julian Evans-Pritchard, said in a note.“The longer it continues, the more likely it is that some firms won’t be able to pay workers, and will have to either cut pay, lay people off or shut down altogether.”The latest wave of selling has already driven the China-sensitive Australian dollar to a new 11-year low and pushed US oil to a one-year trough, where they mostly sat on Thursday.Last at 1.3088 percent, the yield on benchmark US 10-year Treasuries is less than one basis point firmer than an all-time low hit overnight.US crude made a fresh one-year low of $47.84 per barrel in Asian trade, while gold rose to $1,649.78 per ounce.last_img read more

Ghana slide on FIFA ranking but still second in Africa

first_imgGhana slipped three places down on the FIFA ranking for the month of July released on Thursday.The Black Stars despite two wins in the Brazil 2014 World Cup qualifiers against Sudan and Lesotho last month.Ghana’s 830 points garnered keep them behind Chile, USA and France but still remains Africa’s second best country.Ivory Coast maintained their 13th position and the continent’s highest ranked nation for the month with 1009 points.Brazil lept 13 places to ninth after their stunning victory over Spain in the FIFA Confederations Cup final last Sunday.However, Spain held on to top spot ahead of Germany while Colombia climbed four places to a personal best of third thanks to some impressive performances in the World Cup qualifiers. FIFA took into account, 16 FIFA Confederations Cup games, 89 FIFA World Cup qualifiers and 29 friendlies.last_img read more

Democrats to bring $15 minimum wage bill to House floor

first_imgDemocratic lawmakers are bringing a bill to the House floor to raise the federal minimum wage to 15-dollars.At Capitol Hill Thursday, House Speaker Nancy Pelosi said it would give millions of American women a raise. The legislation would increase the national minimum pay rate to $15 per hour over the course of five years through scheduled annual increases.It has more than 180 co-sponsors, including support from House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y.The current minimum wage is seven dollars and 25-cents per hour, which has not been changed since 2009.Republican lawmakers argue that raising the minimum wage would cause small businesses to suffer and millions of people to lose their jobs.This story is developing.last_img