Totall agree I have made around £75k since the crash doing the buy low sell high but it is a lot harder to do now than earlier and if you count out the 15% overheads unless you are buying tens of thousands at a go it is quite small returns and can be a long wait between gains.You virtually have to tie yourself to the computer so a serious monitoring of events takes place.Not a case of buying and coming back in the spring or whatever they did when the price of the stock was around 2 to 3 pounds.
I am not sure about the interest scenario you paint cant get my head around that one. you are right about the number of shares though we have been diluted out of existence and it si difficult IMO to even see a rise to the lofty levels you suggest on the current amount outstanding and an NAV of 50 odd pence. There is a limited scope of what can be done with the assets on the BS. The next phase the way I see it is a reduction in the number of shares as profits continue to rise in conjunction with perhaps a smaller dividend over the period the number of shares outstanding is being reduced. This would therefore offer holders a combination of return and capital growth.
zoros, while I'd agree with you that interest rates should rise, whether they actually will or not is another matter entirely.
The big problem this country has is the disproportionate distribution of wealth, currently many working class and lower middle class families are struggling very badly and are certainly not seeing or sharing in any sort of economic recovery. Any sort of increase as you say will leave hundreds of thousands and perhaps millions in serious financial difficulty and I doubt that any Government would survive this.
The real problem here is that this isn't the "wasters" or the "benefit cheats" or the "druggies" we're talking about, it's actually the majority of the workers in the country.
Yes, I think people are starting to wake up to the reality that things will NEED to change otherwise we're building towards increased social unrest and perhaps even a revolution.
I believe the deadline for joining this is 10th Nov but I don't see much about this online and how many are likely to take up the action. Concerned about any downside in paying costs and if this type of thing has a track record of success, nevertheless a lot of people lost a lot of money by the facts being covered up with hbos
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