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Funnily enough i re invested the L&g 5th of june divi @226.70 this morning......gl jcb atb
You were right to wait, I put mine in LGEN and even that is now lower,wished I waited but still have more faith in that share then Lloyds
Around that date many people on here said massive recession is here....and there is worse to come etc etc...ive sold everthing etc etc....i and others see opportunites in these dips......never be in a position as a forced seller......patient and dont panic capt mainwaring.......gla.
Think there may be quite a few people doing the same thing........gla
" If we have a period of very high mortgage rates & significant numbers of mortgagors get repossessed"
The media would like us to believe the banks will be in trouble and loads of properties repossessed, but that scenario is highly unlikely. Unlike a normal recession the jobs market is strong in the UK, so people do have income coming into their bank accounts; For the ones who've overstretched themselves while interest rates have been low, they'll probably be given the options of extending the period of the loan, or moving to an interest only mortgage. I think it's very unlikely we'll see masses of repossessions.
After 80 trading days, buyback complete to date:
Total shares to date....................................................2,946,307,694
Aggregate cost to date... ........................................... £1,384,904,379.49
Average price paid to date..........................................47.005p
Percentage of £2 billion buyback completed............69.25%
Looking at the price movements you can start to see how it's calibrated now - very very clever.
A suppressed share price is good for Lloyds (and long term shareholders) ATM. The only alchemy is keeping the price this low, this lomg, given the NAV. Suspect interest rate hike will push the price lower (and profits - dividends and buybacks - higher). People will look back on this and ask, "how did they pull it off?"
I think Lloyds has lost aprox 5 billion pounds off the market cap since the buyback started,what a great way to spend our money
I can see this morphing into something different for Lloyds. If we have a period of very high mortgage rates & significant numbers of mortgagors get repossessed it doesn't take much imagination to see how the Halifax could repossess a house & then sell it to Citra Living. There will be charged for the repossession and charges for the sale & transfer to Citra & then they will have to pay deposits and fees to Citra & if they are allowed to rent at a not unreasonable monthly fee of say 40% of salary I can see how this could be presented by Lloyds as socially responsible by minimising homelessness. I can also see how this could be hugely profitable. I can also see how shared ownership works for the bank. I have thought myself as a LBG share holder that if I had a mortgage & owned Lloyds shares it would hedge interest rates for me. I can see how Citra Living hedges the effect of interest rates on the profitability of LBG. The only downside is that I can also see how this could become a huge scandal & bring the bank into disrepute. They have to be careful how they do it & they should not be too greedy otherwise I think that is how this could end badly.
.......no further comment!!
SB order in at 42.95
.....
https://www.bbc.co.uk/news/business-65962027
DYOR
Will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts.
German gross domestic product is expected to fall by 0.4% this year, more than the 0.1% forecast by the Ifo Institute in March.
"The German economy is only very slowly working its way out of the recession," Ifo's head of economic forecasts Timo Wollmershaeuser said.
The economic institute has also cut the forecasts for 2024 to 1.5% GDP growth, down from 1.7% previously expected.
Inflation is forecast to ease slowly from 6.9% in 2022 to 5.8% this year, down to 2.1% in 2024.
Due to inflation, private consumption will fall by 1.7% this year, the economic institute forecasts. It will not rise again until 2024, when it is expected to post a 2.2% increase.
The number of unemployed will rise slightly in 2023, but the unemployment rate will remain unchanged from the previous year at 5.3% this year, rising to 5.5% in 2024.
New government borrowing will fall from 106 billion euros ($115 billion) in 2022 to 69 billion this year and 27 billion next year, according to Ifo's estimates.
https://www.reuters.com/markets/europe/german-recession-will-be-sharper-than-expected-ifo-2023-06-21/
DYOR
UJO up 5.76% plus massive buyback yesterday, plus divi's.
Livestock
AML have been bankrupt 7 times ! !
At least you lot of day traders here are having fun, with the demise of Landlord Lloyds. 😀
AML up 3% 🙌
We are scraping the bottom,but not on the rocks, the tide is turning any moment then the deep water will set us on course for treasure island, have a great day.
Opened at 43.854
now closed at 44.371
GL with it anyway falky, hope it doe's come good for you eventually.
Harduup,
For the Falkland oiles, Pay day will be in 2025-2026...IMHO
UK stock market is sitting on the edge now, could go down or up.
Gut feeling will be bad year....DYOR
"The worst is yet to come...IMHO".......for the Falkland oilers.
The worst is yet to come...IMHO
Gl lti ...re invested recent L&G dividend @226.7....off to golf ......gl & atb.