Zephyr Energy CEO Colin Harrington presented at London South East's September Webinar. Watch the full presentation here.
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yes agree successive governments, Im not putting it solely at the incumbents door. But it has become more pressing and justifying not doing something because no-one else did before isn't really a very good excuse.
"This government have stalled prevaricated and ignored the need to reform older age care for years now."
Shortly after the 1997 Labour party conference the then prime minister Tony Blair in fulfilment of a manifesto promise, convened a Royal Commission to consider reform of the funding system for the long-term care of older people.
When the Royal Commission reported, in 1999, it recommended that all long-term personal care (including nursing care in nursing homes) should be provided free, funded from general taxation.
Soon after the publication of the Royal Commission's report, a government committee issued a brief report on the long term care of the elderly, in which it endorsed the Royal Commission's position on free, tax-funded personal care and warned "Failure by the Government to act urgently would be a serious dereliction of duty".
Tony Blair's Government rejected the Royal Commission's proposal for free personal care and funding reform did not appear to feature on the Government's list of priorities.
In the years since the Royal Commission's report, the issue of social care funding reform has not gone away, it's just rambled on and on.
It's so easy and convenient to just blame the current incumbents.
As usual Rosewall couldn't resist the urge to have a pop, when he can at the UK's government, he should look closer to home first, people in glass houses and all that.
"Han**** lied through his teeth repeatedly and rightly lost his job."
Like him or loathe him he didn't actually lose his job for lying.
oh yeah I was forgetting he's DHSC now. He actually looks tame by the standards of his successor at the home office.
"All very well for him to say don't cower from Covid but he doesn't rely on Universal credit."
Apparently, the moron Javid has apologised for being an ar53hole.
Not exactly euthanasia but an inevitable consequence of a cash strapped system that keeps frail older people clean and fed and not much more.
Don't think I can recall a more obsequious politician than Han**** and I was glad to see the back of him. I doubt it's the last time we will see him though. This government have stalled prevaricated and ignored the need to reform older age care for years now.
While releasing people with Covid back to care homes was inevitable, given the scale of infections, it must also be remembered that avoidable deaths also greatly reduced the cost of elderly care for a cash strapped government. Han**** lied through his teeth repeatedly and rightly lost his job.
Yes I agree some things have been learned and accepted. Covid in care homes was largely from asymptomatic patients who were not tested when returning from hospital and aerosol spread was less acknowledged than droplet. There was no choice to delay discharge because hospital admission rates were so high. The size of most care homes would mean transmission occurred very easily and clinical vulnerabilities led to far worse outcomes for residents. What many people do not recognise, including our Home Secretary, is that Covid has a disproportionate impact on poorer people who have fewer protective factors in their lives. All very well for him to say don't cower from Covid but he doesn't rely on Universal credit.
You mention SARS as "listed as more risk than Covid on the government website".
On the page headed "high consequence infectious diseases", read the bit where it says "No cases reported since 2004, but SARS remains a notifiable disease under the International Health Regulations (2005), hence its inclusion here". Mortality rates in SARS were much higher compared to Covid 19 but this one has had such rapid transmission globally that 200M people have had infections and over 4M people have died. The page goes on to mention "The World Health Organization (WHO) continues to consider COVID-19 as a Public Health Emergency of International Concern (PHEIC)"
I agree that many lockdown habits have persisted. But hands face space is easily undermined at large gatherings. The fact so many people are refusing vaccination and some are complete disbelievers is still a cause for concern, if we are anticipating SARS Covid 2 remaining for years to come. I see it as we are starting to turn a corner but the scale of the impact economically and financially hasn't fully emerged yet, so we cant quite see whats waiting for us further on.
Hence my outlook for Lloyds is the dividend will remain prudent and the share price muted but we will see this week. Id be pleased to be proved wrong.
Sam do you not believe as a nation we live much safer now anyway and have learned from mistakes?
I mean early on the government were sending covid patients into retirement home for example and causing unknown deaths - literally the worst place to send them!!
I see 80 percent of people still wearing masks for a start - masks were laughed at by government to start with.
Hand sanitiser is readily available everywhere now and everyone I see uses it.
People do now tend to give each other a wide birth regarding personal space.
I don't see people shake hands anymore - a little fist bump at best.
I could go on and on but you get the picture - a certain element of what we have all been practising over the last 18 months will continue as routine and help stop the spread.
If we ever see spikes in hospital like before then the vaccine is at fault and does not work.
I believe as a world we will now live cleaner and more sanitised than ever before.
Interestingly I think SARS is still listed as more of risk than Covid on the government website!!
ANYWAY BACK TO LLOYDS - 3 DAYS TO GO AN ONE OF THEM I WILL BE ON A PLANE ALL DAY!
"What if lloyds figures are so good next week they decide like other FTSE companies to return any gains to the treasury,in lloyds case return its share of the £79 billion of covid loan guarantees - good for Britain."
Snige what on earth are you talking about ??? Banks were not bailed out like tesco etc etc - LLOYDS and all other banks should be awarded for dishing out loans in record time to save businesses in the UK !
Loans that are currently being paid back at a a higher rate than expected I might add!!
So - what was your point again and what would is gain the country? absolutely nothing !
Can you go and dribble on another board please.
"As a country, are we coming out of the pandemic?"
A good question to be asking. We will shortly see an exit wave" as a result of ending restrictions. Rates of hospital admissions and daily deaths may or may not rise as steeply as before. "Pandemic" refers to a global or multi country situation so it cant really be answered just in terms of the UK. It remains to be seen how much more protection those who have been vaccinated will have this time. Those who have chosen to decline vaccination will face the rise in infections as before , except this time without any laws, just everyone taking personal responsibility. You can draw your own conclusions where that will lead.
As far as Im aware the current infections in UK are all Delta variant. PHE publish lists all variants of concern and variants under investigation on the gov.uk website. Genome sequencing takes time and is only conducted on random samples, not on every positive test. Good luck whatever you decide to do about vaccination.
''There are many other variants that can be brought in when international travel is opened up.''
Not aware of other variants currently - would you like to name them for readers here.
Is it being realistic that a person of your advanced age would be better protected by being vaccinated against Covid 19?
Your mental capacity is getting worse by the week.
Look at the U.S, many of our EU neighbours, we have our issues and there could be worse to come but we will see. Anyway time for bed for me, goodnight all.
CrestEx - what are your investment objectives? You value income over capital growth? Lloyds is a good dividend but there are far superior options on FTSE in terms of yield, stability and consistent growth.
As a country, are we coming out of the pandemic? The European Centre For Disease Prevention And Control identifies four Covid variants , over and above the commonly known variants, that are being monitored in the UK. There are many other variants that can be brought in when international travel is opened up.
That, at least to me, is not the question. However, am I confident of Lloyds survival, yes.
"generally speaking we as a country are strong.", I don't subscribe to that view.
What if lloyds figures are so good next week they decide like other FTSE companies to return any gains to the treasury,in lloyds case return its share of the £79 billion of covid loan guarantees - good for Britain.
The question is how confident as an investor are you in Lloyds bank?
At the beginning of Covid people were forecasting financial Armageddon but it hasn't happened. The economy is facing multiple issues but generally speaking we as a country are strong.
I am expecting some good numbers this week and am fairly bullish on Lloyds bank, but the key was the return of the dividend, and long term a reduction in the number of shares in issue.
The prospect of a 7% yield and SP growth is there, although real SP growth will take time.
Agreed. Kick the can down the road. Jam the day after tomorrow.
Buy today at 46p with a 7%+ yield in 2022....
We will see where its heading this week.
I agree I am not expecting them to distribute all the excess capital on the next update, hopefully give us an idea how they plan to return the capital to the shareholders over the next 12 months .
So then the Market can set the share price going forward :-)
Let's be honest 46p is on the bargain basement side in today valuations here
I think they will but we may have to wait a little while longer for it, I think they'll try not to upset the BoE / GOV and play it safe, then issue a special dividend before Xmas, but we should get a better idea this coming week.
One thing what does stick in my mind when they withheld the final 2018/2019 Dividend 2.25p due to pressure from the Authorities .
Our Chairman ( Internet Video) was very clear to calm Lloyds Banking Groups shareholder concerns once the restrictions was lifted that any excess Capital will be returned to the shareholders, because its their money .
Lets hope they confirm this statement in this weeks update
Some have already answered but many of the ftse 100 companies pay regular dividends, Lloyds bank being a prime example but there was a break in payments due to the BoE / government "leaning" on the banks.
Lloyds pay 2 times a year, someone like BP pay 4 times a year.
There are lots of good / sound companies and I tend to look for opportunities where the sp is depressed, Lloyds being the perfect example, which then leads to you potentially receiving better yields. BP / Royal Dutch Shell are also good examples where the SP is depressed but you need to make your own mind up on which companies to invest in.
Miners are also good dividend payers, The BHP group is one of my favourites but their SP is currently quite high.
Pharmaceutical companies are also good but please DYOR....
I tend to have a "core" of ftse 100 dividend paying companies and then "speculate" on AIM where the SP returns can be greater, but so are the risks!...
Anyway, good luck to you.