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Dow 30 is designed to always do well in the long term, as its only 30 stocks that always do well. For example McDonalds demand for its products will hardly wane regardless of putting its prices up a bit every year or the state of the economy. This holds true for many of the other 29 companies including apple whose phones keep selling like hot cakes regardless how expensive the iphones have become. In a few years time (2 to 5 years) you will think 40k mark was so cheap when its hovering around 50k (ie 25% increase). You only need an iphone selling for £1500 rather than current £1200 or a big mac meal costing £6 rather than £5.
Ftse 100 index would have to go into 5 figures to get to the longer term average p/e ratio
Dow Jones index outdated and not fit for purpose, far better S&P 500 as a more representative of the US stockmarket and a strong indicator and bellwether of the American economy.
Will this be the day Warren Buffets " Berkshire Hathaway " conglomerate finally joins America's $1 trillion club of market cap companies ?
I find it strange that the FCA have decided to investigate this further on the 11th January this year......in the year that all Banks have made record profits! Just coincidence?
Even the German Dax has out performed the UK markets. I think the US is to high now to make a decent gain but you never know. FTSE 250 tracker might be in my sights If I can sell some Lloyds soon
P/e ratio is so low compared with the DJ (now only about 800 points from 40,000.
Happy to keep topping up with low valued UK stocks
J46
18 Nov 2020 19:51
‘’With DOW ~30k it's not investing , it's gambling !’’
As victor would have said ,I DONT BELIVE IT ,..................we actually agree on a subject lti ,your right a total farce
Assess
FCA - MARCH 2019
''The broker can effectively set the interest rate and the FCA found that the widespread use of this type of commission creates an incentive for brokers to act against customers’ interests''
This is laughable - yes a higher commission/interest charged but maybe at the cost of selling a car at a lower price or giving more on a car part exchange. That would have been in the interests of the consumer to be able to proceed with a purchase, especially when other finance avenues were closed.
Is it conceivable that every car sale on finance before the change of rules is going to be assumed to have taken place where the overall package taking account of commission/interest, price paid for car, price given for car exchange, alternative finance options that may have been available (or not) were all 'ripping off' the consumer?
Is it at all possible to determine(and by whom) with every single purchase that was made whether or not the overall package was a 'rip off' and what level of 'rip off' ?
The whole 'investigation' to determine whether rules that were changed should be retrospectively applied to then access if compensation is a course of action or not
is a COMPLETE AND UTTER FARCE.
MV
Take no notice of sk1 - he is talking ballacks in reference to the US,UK,EU being responsible for Putin invading Ukraine
FCA - MARCH 2019
'''We estimate that consumers could save £165 million because of today’s action.''
really?
''The FCA will also make changes to the way in which customers are told about the commission they are paying to ensure that they receive more relevant information.''
Skier.
No one made Putin begin his special l three day operation did they !
He said he did not want NATO Russia's border, but it was already there Poland, Latvia, Estonia and Turkey controlling the Black Sea through the Bosphorus .
The.crowman.
Russia is also bankrupt, but Putin still thinks it is an imperial power .
Russia would always call us Imperialists, which was rather strange from a place that expanded eastwards from a small area in Eastern Europe. But Russia could only invade and overrun places that they could walk too, as now they could not master sea manship !
They are selling oil cheaply to India and China, but their two friends will not pay in dollars they pay in Rupees and Yuan, two currencies no one else will trade in.
Putin has also destroyed the Russian Arms export trade in one foul swoop. Would you buy a Russian tank or Missile ?
India now wishes it did not buy the Russian military junk its now lumbered with.
MPO: "LLOY has imo made a big mistake in creating the £450m [sic] provision, with Close Bros doing similar passing their dividend. This will depress the sector now until the September outcome, potentially dragging on for months thereafter."
A depressed share price for the next 7 months could be quite handy! If 10% below fair value (absent the FCA investigation) they save £200m on the buyback (buying more shares for the same money) which is >40% of their provision!
DITTO ,pot kettle
Cook
you really need to pay attention
MPO818
Agree history repeats itself, it was Lloyds who first set the precedent and opened up the floodgates to the PPI mis - selling scandel compensation payments.
"Not good for those selling out last week at lower levels to then see an increasing price - Ouch"
you really know how to take a bait ,and expose yourself for what you are ,do you really think that those of us who have been holding these @ an ave of 35p since covid ,really sold them when we will get nearly 3 x 1.84 to each pound if we hold till ex div ,you really are ill and perhaps the stock market isnt the place for your mental condition if you think taking the rise is good fun and posting
Lti
"Cars were sold LEGITIMATELY under what was allowed at the time.
There is now a chance that a false 'scandal' will be created with new rules being applied retrospectively to override what was previously allowed. THERE IS NO SCANDAL."
I agree with that. It seems the number of claims that have been received since the 2019 final findings from the FCA has panicked them into what they are doing now. I will be disappointed if Lloyds do not challenge any decision by the FCA where they impose a requirement for large scale blanket compensation on the lenders.
Share price now up to last years average buyback price.
It would be beneficial for long term holders for the 2024 buyback to be conducted at the lowest possible price.
Not good for those selling out last week at lower levels to then see an increasing price - Ouch
FCA - MARCH 2019
''In the light of consultation feedback and the additional operational pressures which the sector is facing at present the FCA has agreed to give firms limited additional time to implement the new rules, with the ban coming into force on 28 January 2021.''
And there have been some here, thinking that pay rises/bonuses are certain, simply by just having a share buyback
''Our work on motor finance – final findings''
MARCH 2019
FCA then LATER changed the rules (and not necessarily an improvement for a car purchaser)
sk1
Don't bury your head in in sand.
Cars were sold LEGITIMATELY under what was allowed at the time.
There is now a chance that a false 'scandal' will be created with new rules being applied retrospectively to override what was previously allowed. THERE IS NO SCANDAL.
I agree with most of the comments on here, one would expect any buyer with half a brain to shop around for the best deal.
LLOY has imo made a big mistake in creating the £450k provision, with Close Bros doing similar passing their dividend.
This will depress the sector now until the September outcome, potentially dragging on for months thereafter.
'RichieRich78 - You're a bit confused.
The issue wasn't staff not wanting to work, it was staff not wanting to be forced into a minimum amount of time in an office.'
Boohoo, the boss of the company that pays their wages has decided that staff sitting on their fat a r s e at home stuffing pringles and whining about the toreeeeees on twitter is not good value for money.
And if they don't like it, fck off somewhere else