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HS2 has turned out to be a bigger fiasco than the Channel Tunnel!
How fickle is this share. only two weeks ago this share was undervalued by the thick end of 25p and people were falling over themselves to buy it...apparently, now it is poison again...
We should get the Chinese to build the damned railway , it would be completed in quick time , and at half the cost . Too much money has been spent on excessive wage rates , objections , planning nonsense ,and so called consultants with their " my fee will be" . Just get on with it , it is only sleepers , and railway line , should be able to lay at least two miles a day ! If not the Chinese , maybe Hornby could scale up their layouts to full size . But seriously what a bloody disaster , which is making us the laughing stock of the World.
Spk
''scrapping high speed from Birmingham to Manchester but continuing to central london to Euston :) As a yorkshire voter I agree it is a disgrace ''
disgrace? - crazy comment - money instead will be spent on infrastructure that will be of most benefit to ordinary people.
Just a shame that so much money has already been spent so far - not a clever idea to spend good money after bad.
''I have never voted labour before but they will have my vote at next election''
oh dear - and what policies (if they have any) of theirs will be of great benefit to the UK?
Keir Starmer red-faced as he shamefully contradicts himself in unearthed video - An archive of video footage, petitions and articles show Sir Keir Starmer spent his formative years as a newly elected MP opposing HS2 entirely. - https://www.express.co.uk/news/politics/1816340/Keir-Starmer-HS2-uturn
Starmer refuses to commit to finishing HS2 as Labour flip flops over stance - https://www.independent.co.uk/news/uk/home-news/hs2-labour-keir-starmer-highspeed-rail-b2414340.html
Since mad May to be fair
Since Brexit
Con lies, Brexit, covid, levelling up, NHS, HS2, all lies and fake, delivered on nothing and blown all of our money.
House of Representatives Speaker Kevin McCarthy has been ousted after a right-wing revolt on his backbench.
Mr McCarthy was removed as leader of the Republican majority in the lower chamber of Congress in a 216-210 vote.
Ultra-conservative frustration over his leadership boiled over at the weekend when he struck a deal with Senate Democrats to fund government agencies.
It is the first time ever that a US House Speaker has been removed via a motion to vacate.
Florida Republican Matt Gaetz, who filed the procedural tool to oust the California congressman, has accused him of making a secret deal with the White House to continue funding for Ukraine.
https://www.bbc.co.uk/news/world-us-canada-66990984
Apparently scrapping high speed from Birmingham to Manchester but continuing to central london to Euston :) As a yorkshire voter I agree it is a disgrace and I have never voted labour before but they will have my vote at next election....Tories have been a joke since buffoon Boris onwards.
WHAT A CON
https://www.bbc.co.uk/news/uk-politics-66998692
DISGRACE.
Sk1
''35-year mortgages''
'' Longer lives mean longer mortgages, it's inevitable.''
I wasn't aware that life expectancy's were still on the increase. It is more a case of over inflated property prices that had been fuelled by low mortgage rates over a long period combined with government schemes and in addition the once 3 - 3 and half times salary limit disposed of. Now we are currently back to near pre financial crash mortgage rates but with price/income ratios still high.
I believe 35 year mortgages in the US are at a rate of between 7-8% (not good)
Nothing wrong with 35-year mortgages. Keep the starting payments low, and overpay to the max (penalty-free) as fast as you possibly can, when good times, promotions and payrises allow. An average couple or person with strict financial management should easily be able to payoff their 35-year mortgage in 15-25 years. Longer lives mean longer mortgages, it's inevitable.
What's more, as said many times, the average mortgage payment today, as a % of wages, is roughly around the same level it has been for half a century or more, bouncing around the 20-50% range. The perception that young or mid people have it "tougher now" is a complete myth. Buying a house has never been easy.
Metro and Boohoo did a lot better though eh 🤣🤣🤣🤣
For Landlord Lloyds 🤣 🤣 🤣
Gap watch Lloy -
19th-20th Sept 23 - 42.9 - closed 3/10/23
9th-10th Mar 23 - 51.3p
21st-24th Feb 20 - 55.17p
10th-13th Jan 20 - 60.1p
23rd-24th Jun 16 - 71.1p
27th-28th Oct 15 - 77.1p
Total voting right have increased by 5,563,596 for September:
https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1812824850&format=interactive
https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1451011517&format=interactive
Not quite. There are various cases at different levels on PPI. In particular there is one in the Supreme Court (Canada Square Operations Ltd v Potter) which has been stuck there for over a year which is highly unusual (normally judgment in a few months). I don’t think many or any of these cases involve Lloyds but could affect it.
The cases are around the Plevin judgment and the statute of limitations. Broadly, the previous round of PPI settlement was on whether the policies had been mis-sold. If they were deemed to have been mis-sold all the commission was refunded. Plevin is about the commission being far too high ie it was OK to have sold the policy but the commission was unreasonably large and that excess part should be refunded. So the claims will be much less than the previous ones but unfortunately they will get the statutory judicial rate of interest (8%) on any successful claim from when the excess commission was incurred.
It is difficult to know whether this will take off. This class action is done on an opt in basis ie claimants have to actively sign up. US class actions and certain UK class actions (where a breach of competition law) are on an opt out basis ie it only takes one claimant to sue and other potential claimants are automatically enrolled. So much more difficult to defend. As claimants have to be found I think the £18bn (industry wide) figure is wildly exaggerated.
In the case of Lloyds and although they never gave final figures I think about 60% PPI policies were either fully paid out, dismissed or settled on a Plevin basis (Plevin was in force to some extent in the original suite of claims). So 40% never claimed. I cannot imagine they will ever claim. The question is how much of the 60% had their cases dismissed. I would guess not that many.
I think the risk on this is fairly low and the FSA may have powers to intervene and put a timetable on it. The banks will fight it hard but the fact that the claim is being launched now may indicate that certain lower level (effectively legal test) cases have been decided and are favourable to the claimants. Lloyds did mention that they were expecting certain cases to be decided toward the mid/end of 2023.
Grown mature financial overpaid monkeys have run Lloyds since 2008 at least, people struggling to pay their mortgage should get benefits. Individually they have called it less wrong than Lloyds management, & they got bailed out.
Gap watch - 42.9 gap filled - my buy order filled - 25,000 @42.9
'''The FCA's deadline for customers to make a complaint to a firm which sold them PPI was in August 2019.''
That says it all
LBG going to become a big investment banking Unit, I wonder what its going to buy, Quilter? Tatton? Brooks? I'm sure it will be something with and adviser base feeding the FUM? Thoughts
Quick lunch post.
For sure this is of interest
"Britons ripped off in the Payment Protection Insurance scandal have launched new group legal action worth up to £18billion aiming to end PPI claims 'once and for all'. "
https://www.dailymail.co.uk/news/article-12587691/millions-britons-entitled-ppi-huge-payout-banks-credit-card-firms-misselling-scandal.html
You are not worth a reply....IMHO
Faket
I am afraid you are simply trying to console yourself with LGEN good, LLOY bad.
I have said a couple of times that financial stocks will most likely move in tandem.
Fakey
''Also, Have a look at the divi''
''while lloyds pays nearly 5%''.
open your eyes a bit more - Lloyds forward yield is at getting on for 6.5%.
A £2 Billion buyback adds to the total return - based on the current price about a further 7%, on top (actual percentage return from a buyback obviously in determined by price paid for shares)