At least £122bn of property in England and Wales is held through companies in offshore tax havens where ownership is difficult to trace, a Financial Times analysis of Land Registry data has found. The figure – more than the total value of all housing stock in Westminster and the City of London – reveals for the first time the detail of the scale of offshore property ownership in the UK. It raises concern that London property in particular has become a haven for dirty money from around the world.
As SCFC says they offer contrarian views at the same time. They've been consistently advising readers to put their faith (and money) into Tesco......all the way down from three quid. After such bad advice they yesterday told their readers to "not touch Tesco with a barge pole".
I'm going to file today under W for weird, but then I only have a small chunk of Lloyds. Tomorrow looks grim, Lloyds SP will cry with Argentina. Time to hang on and think long term. What a turnaround in 24 hours. GLA.
Investor fatigue is setting in - Jam (or divs) tomorrow, or the day after, or maybe the day after that has been the theme for a number of years now, PPI drags on and on and on like an ariston advert from the eighties and legislation, and break up threatens like the sword of damacles. Wall street jitters over Argie default will hit short term SP, and uncertainty about how HMG will dispose of their shares will be an issue for the next months
Yet this share trades on a trailing P/E of less than 10 - and a "promised" yield of over 5% rising
But the promises sound hollow now - and shareholders are rightly becoming tired of the same old record
Underlying profit !! - what a great term - never ever actual profit though!!
YET - i reamain invested, and i will probably invest more when this sell off, and the argie effect sees the sp start with a 6.... which will be soon !!
Why don't i sell/ why will i invest more?
Because i think that this is one bank share that will overcome all issues, and that the bank will not be broken up. It will take much longer than the over optimistic average guesses for Dec in meer's competition, but as a 5 year hold..... well, lets see - i remain short term negative, long term mainly positive
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