Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I need to sell a few Lloyds shares and IMHO think my best bet would be to do so pre-divi for best value for money.. Anyone care to give their humble option of what it will peak at before it goes ex-divi on the 11th April? Thanks
It is even crueler than it says on the tin - 'Critics say the legislation is so broadly drawn that someone could be considered a nuisance for sleeping in a doorway, being deemed to have an excessive smell or looking as though they intend to sleep rough.'
https://www.theguardian.com/society/2024/apr/01/ministers-face-tory-revolt-over-plans-to-criminalise-rough-sleeping
Does that mean that old people who have that old person smell are now criminals?
It could be a great way to 'clean up' the House of Lords.
CaptainS.....What about switching to Natwest if you do decide to switch? At current share price Barclays dividend yield is 4.36%. At current share price Natwest dividend yield is 6.4%.
Capt & MP
MS could do with a lot more help from greater numbers of willing sellers.
Probably a Hate Crime to Answer that. 🙈🙉🙊
Good afternoon all. I'm considering a switch from Lloy to Barc. Both have performed well over last 6 months. I'm slightly jittery about car finance and feel that Barc has lower risk. Sensible or daft idea? Any insights would be useful. Thank you in advance.
MPO,
Your obviously negative and losing sleep,
Sell all your holding,
Simples!!
Https://www.lse.co.uk/news/LLOY/uk-car-finance-firms-face-headache-of-potential-compensation-claims-c5nkzvqngka6bo0.html
Quite right too, shameful people invested at Landlord Lloyds need a sense of reality.
Let's hope that all dirty unscrupulous Landlord Banks get what they deserve in the near future.
Fingers crossed they are hammered hard for their dirty tricks and investors here lose out :)
"Expert Martin Lewis revealed earlier this month that 1.1 million people had submitted complaints through a free tool on the MoneySavingExpert.com website, which he founded.
He described the number of complaints as "staggering" and suggested that car finance mis-selling could be the "second biggest reclaim payout in UK history" after the PPI scandal.
That saw UK banks pay out billions of pounds in compensation to customers who were mis-sold personal protection insurance from the mid-1990s.
Evans suggested that the scale of those affected has the potential to be "on par" with PPI."
Who gets to benefit from this, lawyers, the end user will get 30 per cent of any claim just like ppi
LTI - I do not disagree with any of your comments, however it does concern me that LLOY set aside the £450m. I would like to think that any "car loan documentation" clearly set out (in the small print) the terms of any commission payments. The regulator needs to justify their existence and could jump on that provision to extend the investigation. Following PPI the culture is now to make a claim on the chance of getting a payoff. The cost of providing information of loans going back years could be substantial with or without any liability arising - it's a mess.
Looks like the FTSE 100 will jump back over 8,000 on Tues. The UK market is finally looking bullish (for now).
@johndean......I missed your post!
I see the MSM are banging the drum again today about car finance! FFS!!!
"Millions of claims could be lodged by UK drivers who may have overpaid on their car finance, as the emerging issue has the potential to be ‘on par’ with the PPI scandal, a consumer compensation expert has said."
https://www.lse.co.uk/news/uk-car-finance-firms-face-headache-of-potential-compensation-claims-c5nkzvqngka6bo0.html
MPO818
Seems it may not have anything to do with buybacks itself If you compare with europe banks index that seem to have fallen in the same period for years included in your list. (Google “ SX7P chart ” and check 5 years chart).
Alliance News) - Millions of claims could be lodged by UK drivers who may have overpaid on their car finance, as the emerging issue has the potential to be "on par" with the PPI scandal, a consumer compensation expert has said.
The UK's financial regulator is currently reviewing whether people could be owed compensation for being charged too much for car loans.
It is looking into hidden and unfair commission arrangements on loans taken out between 2007 and 2021.
Simon Evans, the boss of trade group the Consumer Redress Association, which represents claims management companies, said that people are likely to have bought more than one car during that period.
This could more than double the number of claims that come through.
It comes after consumer expert Martin Lewis revealed earlier this month that 1.1 million people had submitted complaints through a free tool on the MoneySavingExpert.com website, which he founded.
He described the number of complaints as "staggering" and suggested that car finance mis-selling could be the "second biggest reclaim payout in UK history" after the PPI scandal.
That saw UK banks pay out billions of pounds in compensation to customers who were mis-sold personal protection insurance from the mid-1990s.
Evans suggested that the scale of those affected has the potential to be "on par" with PPI.
"If you think about the number of people who have bought cars in the last decade-and-a-half, there is a swathe of people who will have bought it in that way," he said, referring to the discretionary commission arrangements.
"What we are seeing through our member firms who are engaging with consumers at the moment is that actually each person has an average of about 2.3 claims.
"So they have had two or three cars in that period and all of those qualify for a claim."
This is likely to cause a "large headache" for car finance companies, Evans said.
But he added a "note of caution on the good work Martin Lewis is doing", suggesting that while many people will have downloaded the template complaint letter, it may not mean that they will all have taken the next step of sending it to their lender.
Meanwhile, the chief executive of the Financial Conduct Authority, Nikhil Rathi, recently downplayed comparisons with the long-running PPI redress.
He said he did not anticipate the car finance issue "playing out as PPI did", partly because the watchdog has intervened earlier.
Lloyds Banking Group PLC, which owns Black Horse, the UK's largest car finance lender, said last month it was setting aside a provision of GBP450 million to cover potential costs related to the FCA's review.
That includes the potential compensation for consumers as well as administration costs in dealing with complaints
MP
''The trend suggests selling, missing the dividends and re investing when the buyback program is complete''
Buybacks have nothing to do with what the market value Lloyds at on a daily basis.
There have been a number of factors over the last 15 years that have knocked back the Lloyds market valuation.
I prefer to look at the fundamentals rather than anticipating another valuation affecting factor appearing whilst this years buyback is in progress.
MP
''The anticipated future decline in interest rates and any action relating to the car leasing overcharging currently being investigated could adversely impact the share price during 2024''
leasing?
Market has already factored in base rates having peaked- should help with keeping bad debt provisions lower.
Market knows about potentially applying new rules retrospectively,to back years in time -
a total farce (re loan car sales) .
The current share price (51.76p) includes the dividend of 1.84p (3.55%) that will be stripped out on 11th April - SP could go higher ahead of this event. The anticipated future decline in interest rates and any action relating to the car leasing overcharging currently being investigated could adversely impact the share price during 2024 - DYOR.
This what has happened: The trend suggests selling, missing the dividends and re investing when the buyback program is complete. DYOR
2018 BUYBACK BEGAN 8/3/2018 SHARE PRICE 67.40p
2018 buyback completed 28/8/2018 Share price 60.79 decline 11%
2019 Buyback began 1/3/2019 Share price 63.54p
2019 buyback complete 6/9/2019 Share price 50.04p decline 22.71%
2022 Buyback began 25/2/2022 Share price 49.68p
2022 buyback complete 12/10.2022 Share price 39.09p decline 25.49%
2023 Buyback began 23/2/2023 Share price 51.26p
2023 buyback complete 29/8/2023 share price 42.90p decline 21.11%
2024 Buyback began 23/2/2024 Share price 45.96p
2024 buyback ongoing latest share price 51.76p increase 11.97%.
I’m up more than 50% on lloyds ( if dividend included). Buying price about 37p.
Could be 100% return if the year is as good as it’s looking to be at the moment.
Just done Copy and Paste on the '' Five Year chart on Lloyd's Banking Group ''
Lloyds Banking Group PLC
Today's share price GBX 51.76
Todays prices compared to 5 year chart
-16.80%
-10.45p 5 Year
Good news it we still got legs here, to even break even on the 5 year chart let along the 6 years highs European Banks are hitting :-)
Need to rise another near 17% rise = 10.50p in real money
Ex-Dividend in 10 days
1st Quarter update in April :-)
Come on the Market Makers make my day Buster !!
Tories/Labour, opposing cheeks on the same A**E.
All politicians no matter what colour, are on the same agenda.
Thanks Hard!!
Seany......you can find the same article here....
https://www.thenews.com.pk/print/1174044-european-bank-shares-hit-six-year-high-on-surging-profits-and-returns