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on here today.
I guess shell shock makes applying a sticking plaster when your legs are lost not really anything to make a song and dance about.
Should please those with young children, for now you can get others to tend their needs whilst still picking up the universal credits, free or heavily subsidised rent, free prescriptions and dental care for the whole family, work just 16 hours (on the books) to then have over half the week off, or work on the sly as well.
Labour will no doubt have a helper come around to lift the children off the potty and tuck them in to bed at night too, to save the 'poor' parent from having to put down the remote or smart phone.
All such action making risking the long dangerous journey to the UK even more of a magnet to the worlds economic migrants where large families are the norm.
Lti will be ok as no limit on pension funding, so no need to give it away now.
And businesses can buy machinery etc and claim full costs in that year, so when the go bust later, it's all paid for by HMG not them.
Still Lloyds seemed to have a brief respite, tomorrow is another day though.
Most telling.
After years of QE kicking the can down the road, but which everyone knew would cause massive inflation, they have 'run out' of ammo how to 'save' the financial system now.
IF they restart QE in any form, inflation will become hyper, IF they don't then massive recession will hit, with vast swathes of unemployment, and crime sweeping nations, as unlike 1930, the great unwashed aren't going to 'take' going without so humbly.
So like last time, the only way to break this fiscal mess for the US is to spill the 'handy' already in operation mini war, into the next WW3, as they will be the most protected.
So wish I had more of my tiny Portfolio in Gold, might buy me a fresh rat and a tin of looted lidel beans in a couple of years time, for Lloyds shares won't.
Suddenly that 4%+ interest on a easy access bank account looks nice.
Especially as unlike the dividend paid here, they don't then take that amount off your capital amount.
But we have the advantage of buybacks, so lucky that is priced into the share, otherwise IMAGINE the price it would be now. Remove a couple of pence off too for inflation this year.
Tom, I was aware it 'wasn't' the reason as the US and UK tax year is different.
My point, perhaps badly given, was the fact that naive shareholders ALWAYS justify any potentially bad news, but saying what they wish to be true.
So IF a Lloyds top brass offloaded before this drop they would not assume as I would, hmm could be trouble ahead, they would 'assume' the sell of was for some 'innocent' purpose.
Like soon we will get on here, despite thousands being wiped off holders accounts, 'make the buy backs cheaper and get the ave of such to 50p, as our share falls way below that.
And then we get, the sum parts of the business is worth more than the share price so, no matter.
Try selling your shares and 'see' if it matters.
I guess YOU used to be more fun, likely jaded by all those knickers thrown, now having to fund your own underwear.
Any cheap 'windfall' apples, are bruised and quickly turn sour.
Maybe that will be a preferred option to raise cash, from those large earning companies rather than expecting individual to fund the worlds follies?
BP dropping badly so can't help wondering if leaked info is already in those who matters knowledge.
Not of oil, but of information I wonder?
Perhaps the mini budget will be a major blow to oily's and those who matter have that info all ready?
That or larger than admitted world recession is looming large and QE the tried and failed method of 'keeping the lights on' can't be used again without creating hyper inflation.
Worrying times
Re: "currently this years purchases are far lower in number than last years"
Perhaps we should ask ourselves 'why'.
Is it that the volume of daily traded shares is less, which I doubt, OR that Lloyds being better informed than all others to their future have hinted to their elected buyer that the share price will be far lower in the ' not too distant'?
Credit Suisse in more trouble today.
Suf, the market loves a simple man. Easier to take from nice trusting people than shrewd suspicious types.
Sadly politics are more involved in this game than ever before.
Businesses were far more independent but now since the crash, Governments have used that to gain much more control, some would say rightly, but as we know once the foot is in the door, not long before that foot doesn't just give one perhaps needed kick, but then never relinquishes control and oversteps the mark
Suf, whilst the share buyback 'saves' Lloyds paying a dividend on each share bought back, as the dividend is only aprox 4% of the COST of the share, it takes a very long time for Lloyds to profit on each 'buyback' they make.
And there is no 'knowing' that Lloyds will return that 'saved dividend' to it's shareholders, imo, just a likely for them to still pay 'what they would have done anyway' and use the 'saved' div on bettering their lives.
With HMG constantly finding new ways to divert profits into project that they want, yet can't afford to fund themselves, I can see any surplus gain from buybacks being used with the close symbiotic relationship between Lloyds and their now ex-one time saviour (HMG).
Physically out, but not 'out' out, and never ever will be again.
Of course buying back shares INSTEAD of increasing the dividend by the total expenditure of such, would have given such a good yield to encourage Lloyds share buyers in, thus 'mopping up' the same 'sum' of the shares bought back and destroyed by Lloyds, thus rendering buybacks to shareholders even less worthwhile as then, we would have had increased dividends, AND growth by the flood of buyers coming in for a much increased dividend.
Hence the buybacks imo, are more flexible a tool to use for the top brass at Lloyds to then increase additional shares if they wish, or to use the capital saved on things that benefit 'them' way more that what would have benefited the share holders.
As we see the market decides the alleged worth of the shares, yet if several thousand more in your or my account had happened IF the buyback cash was spent instead on larger divs, that would have been in OUR control not faceless foreign influences or perhaps greedy directors, HENCE they won't relent on that policy as it is in their interests not to.
They not us pull the strings, and HMG pulls the hardest to our CEO imo.
Keltick, Then when the truthful posts are outnumbering the dreamers posts, comes the next attempt to 'hear no evil' or at least 'read no evil' about their countless wrong postings continually praising Lloyds, which will be 'sell up' and move on, or if a poster is out, 'then why are you still here posting if not holding' all so the happy club is kept perpetually fooled by all it's members toeing the party line.
Lloyds almost always falls more that all other banks, takes longer to recover. and as I feel I must ensure is ingrained into every holders mind, the share price is 'even more' dire than it appears, as it NOW has countless buy backs AND double digit inflation priced into it's share price, so IMAGINE its share price 'without such'
Proving a dire investment.
All the big institution ratings are 'hailed' when positive, ignored when negative, the endless posts of stupid prices expected for Lloyds over the decade plus are never 'dissed' yet any accurate or more so negative posts are ridiculed at the time, never acknowledged when proven astute, so it doesn't take long to see they mass hypocrisy on here .
Ego's too big to admit they are wrong imo.
"Confidence Jumps to Highest Level in a Year .."
Like on this board, 'confidence' just a more professional word for 'hope'
And we see over the years plenty of that, but never ever shown in the share price to match that level of 'great expectations'
No Succ, only good news on here.
We are able to 'buy back' even more of our own shares much cheaper so Whoopie.
We although losing on our holding way more over the past few weeks, will get 1.6p on a dividend soon, if we ignore that amount coming off the share price, then, Whoopie.
Love to see posters bank accounts drop by thousands, then get their 'interest paid' into that account, and have that sum removed from their capital. Wonder if we would still get Whoopie from them then? I guess if Lloyds was the holder of their capital, many would, just can't bring themselves to admit it's a dire investment.
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Re: "please try giving it a rest for a day...everyone on here knows your views on lloyds shares"
Despite your polite request, my response is, I know most other posters views on Lloyds, which I hear everyday.
I don't request them to stop posting nonsense, as they bravely tell all that we will be 60p by X, or come Monday we will be opening at 52p or whatever.
And I too, question, as you do my stance on my holding something which I know to be a disappointment, their holding something which has been proven to be a dire investment for long term holders, yet STILL assume the passage of time will change things for the better, when the evidence of growing cut backs, inflation, businesses just holding on, is contrary to that view.
So whilst people 'big up' a share which is lower than years ago, despite buy backs and double digit inflation, I will continue to redress the foolish hype UNTIL proven otherwise.
So could be a long while yet.
If this was an AIM share deramper could be used in attack, but as it isn't then honesty should not be criticised or asked to leave the board.
Hit the filter a hear only what you 'want' to hear if really irked.