Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Mick -b, to some degree the greedy people working on HS2 [ over 40 on £150k plus] have caused the hs2 mess. From my point of view the project was promoted by Boris to seal his leagacy and should never have started. AS for levelling up, which northerner can afford to travel anywhere by train , let alone to london on HS2? this vanity project should be stopped at a sensible stage imv and the money spent on upgrading control systems to increase network capacity everywhere - John Redwood talks about that .
Sunak expected to cancel Birmingham to Manchester HS2 in the week he goes to Manchester for Conference on the back of 'levelling up'?
While banning 20 mile an hour but not banning, but expecting locally devolved powers to adhere to GOV expectations?
What a mess.....
13 years of everyone's lives wasted‼️
Vote any colour except blue.👍🏾
LTI
just a bit of fun LTI, just like this forum really!
Socialism in its finest light TFE.
A lot of the younguns haven’t really lived through a Labour government with all its trimmings. To think so many of them were happy to accept Corbyn’s bribes at the last election and vote for Labour. The thing about socialism is eventually you run out of other peoples money to spend.
S123
''go on admit it ''
nothing to admit, i have already stated at 12:48
S123
''very unhappy with the share price performance''
you can blame shareholders who are currently willing to sell at under 45p and not blame the 8-£9 Billion of underlying profits that Lloyds make.
As I said, we all have different objectives, I for one and there is many more than you and SUFC on this forum who are very unhappy with the share price performance, I still have share save shares at £3+!! simples, my objectives and views are different than yours and even the positive SUFC gets fed up from time to time :)) And I think you do too.. go on admit it just the once :)0
S123
People such as Sufc have no fear - ever increasing percentage ownership of Lloyds
S123
''they are simply not doing enough to make the company attractive to new and existing shareholders to buy/hold more stock for fear of it simply not rising, going down again again and again.''
I believe currently Lloyds are making between 8-£9 Billion a year underlying profits - the current market cap is about £28 Billion.
Attractiveness is in the eye of the beholder - it looks attractive to me
''for fear ''
shareholder fear - what has that got to do with the BOD's.
it is shareholders that determine the price - if no shareholder was willing to sell for under 50p then the share price would rise to 50p
We all have different objectives LTI, no one can deny the share price has been low for a very long time..
I know what I mean LTI, the share price is an insult to long standing shareholders, the BoD are paid millions in salary etc to represent shareholders and they are simply not doing enough to make the company attractive to new and existing shareholders to buy/hold more stock for fear of it simply not rising, going down again again and again.. Or being taxed out of the high street existence to offset higher taxes and reduction in footfall, that the governments do not want.. Or so they say.. !!
S123
I would not be insulted to see Lloyds maintain profitability and maintaining a price of 45p per share whilst maintaining £2 Billion worth of share repurchases each year. I would be extremely happy with that.
S123
a share purchaser of Lloyds at 45p would not be insulted -it would be the price they were happy to pay
S123
''Lloyds is clearly unattractive to the market LTI or the price would be higher''
you mean shareholders/traders do not want to pay a lot more, so how can it be an insult to them?
Lloyds is clearly unattractive to the market LTI or the price would be higher, the price is dictated by the market as you rightly point out.. The B.o.D need to act to make the share more attractive a 6% yield and £2B BB each year is clearly not good enough for the market!
S123
''the share price is embarrassing to the BoD, insulting to shareholders''
??
it is shareholders doing the buying and selling that determine the price
China could be forced to "sacrifice its currency to avoid a nasty recession" - something that could blow a huge hole in the Communist Party's "legitimacy"
Ring any bells, anyone?
How about this from Harold Wilson. “From now on, the pound abroad is worth 14% or so less in terms of other currencies. That doesn’t mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.”
After this humiliating announcement from the then chancellor Sunny Jim Callaghan everyone knew that a huge hole had been blown in the labour party's legitimacy.
I won't mention the other 30% devaluation some years earlier under the then labour government of Clement Attlee…….oh! I just did.
Be aware that history sometimes is destined to repeat itself.
Have a great weekend all, we're out for a few bevvies and a nice meal.
Enjoy your mutterings as I'll have a laugh reading some of them, ciao.
"Why has UK productivity growth been so bad? Economists have debated many reasons: the financial crisis, the end of the information technology boom, Brexit… There is currently no consensus. However, one obvious explanation has yet to be widely considered: the forced divestment of UK Defined Benefit (DB) pension schemes from productive investment in the UK and international companies to unproductive investments in government bonds."
https://blogs.lse.ac.uk/politicsandpolicy/are-the-pension-regulators-practical-men-responsible-for-the-uks-productivity-crisis/
Sub 40p, you’ll learn! (probably)
Landlords destroying the economy, Ukraine and China….
this will sink as and when the time comes.
https://www.msn.com/en-gb/money/other/china-s-economy-faces-apocalyptic-collapse-that-will-shatter-major-global-stock-markets/ar-AA1hvR9D?ocid=msedgdhp&pc=U531&cvid=1eca74c2a4cc4c4699f420e469f25fd1&ei=19
Morning SUFC,
All good here mate, hope you are too!
Totally agree on dividend but the share price is embarrassing to the BoD, insulting to shareholders and the markets are insulting our intelligence based on a business that makes £6-£8B profit.
But it is what it is mate, if it goes back to 54p like it did at the beginning of the year, I will sell down some more. Gets frustrating whatching others companies go up ie Rolls Royce etc.
Suf
Yes you are correct Lloyds is just divi income now. It's a waiting game for SP improvement, probably a long one.
suf, ***, sean, tf, tof, etc… jobs!
get some!
Sub 40p.
Morning seany123
Hope you OK mate
I don't believe even the like Mad Mick or Catnip or Gazza would honestly believe Lloyds Banking Group is not cheap at 44p IMHO
Since COVID I've increase my holding by over 100,000 Lloyds Beauty's in the retirement portfolio ( Regardless Pension regular income Fund )
As I see it, I be loaded even when Lloyds this hits 63p again IMHO in 6 months or 6 years
Doesn't matter really as said Dividend here is OK and Long Term investors been paid for their patience here
KEEP THE FAITH fellow Black Beauty Investors :-)
Marvellous.
Now, landlord fanboys… get jobs!