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Sorry not to be clear. What I meant was that within the dire constraints of a UK only strategy for a bank that has maxed out its market share in Retail, AHO explained in Davos yesterday that an area of growth for LBG in the UK is pensions/wealth. While this obviously true and they have indeed the partnership with Schroders (with the aim to be "a top UK financial planning business within five years), I tried to express my doubts about their ability to succeed in such a material way that it will have a profound impact on the bottom line(within a reasonable period of time). While Schroders is a credible pick, the distribution platforms such as Halifax Share Dealing Service and Lloyds Private Bank are very weak and poorly set up to service individuals with significant savings. Their market share in anything else than Retail and perhaps "mass affluent" segments is notoriously low. So while they may be able to bring some relevant products and value to the existing millions of retail clients, they are unlikely to make any market share gains in the battle for the "high net worth" and "ultra high net worth" segments where the competition is fierce from a vast array of international and established players.
Trouble with Lloyd's is there is too much hutbers law behaviour from the senior management and they treat it like a personal piggy bank. Antonio getting 25k for showing up today no downside risk at all.
Because I believed in Britain
E04
I grew up with nothing, which is why I don't get bothered about share prices.
Self inflicted stress no good.
Must be a pain having eye drops a few times a day, some of which are bad if you have too much.
My mother has glaucoma (along with other things), so I really should get my eyes tested.
My eyes were 20-20 (in 2003), but now in 2020 ?
Absolutely correct there LTI, as someone who is diagnosed with hypertension, claudication and glaucoma, even though I am rich compared to many, I would give a lot of it away to get rid of the health problems.
Health is more important than money
oiky
So you received 'rights' money of £4,958 instead ?
longtime - no chance, mate - my available wonga was all in. Also when Lloyds shares suffered their major drop I was in Portugal on holi - internet wasn't so readily availble then. ATB
You still haven’t given a valid reason for not selling......
Really.. oh contraire!! I find it more depressing looking at this board from afar when people come on and talk about anything but Lloyd’s sp. everything I was going to invest in had went up apar tv from Lloyd’s. I thought Lloyd’s was a winner but I was wrong. The fundamentals aren’t there. This company was maxed out at70 billion shares years ago. It can’t go up anymore. Divi is ok though. Just ok
Oiky,
Makes absolutely no sense whatsoever to me. Have you never sold shares at a loss before ??
Nucky believes these shares are going nowhere so why not sell and invest elsewhere where he thinks a share will go up in price. Continuing to hold a share just because it is lower than your purchase price is just dumb.
So instead, Nucky is just going to remain on this BB just whingeing ? How depressing for him and all of us......
oiky
Did you not buy 13,400 shares in 2009 offered to you at 37p?
Did you not buy a shedload of shares in the market in 2011 at 25p?
NT
''Look at the last ten year trend!''
I have looked
'' What’s not to whinge about''
You can't whinge about having a chance to buy at 25p and selling at 90p.
It is all down to YOU and your decisions.
''I can’t sell.. had them to long''
I am not aware of a rule that says that you cannot sell a stock after holding for X amount of time
Gate. Nucky does make sense if to sell would incur a considerable loss. I know because I'm in the same boat. Take this example. In 2008 I bought a trance of 10,000 at 533.41 - I'll let you do the maths.
Why can’t you sell ? You’re not making any sense.
Why whinge? Look at the last ten year trend! What’s not to whinge about. I feel it’s my duty. Whinge. I can’t sell.. had them to long. I’m invested elsewhere... thank God but can’t sell Lloyd’s. Just wish I’d never bought them
Hi ScandiExpat I’m not sure whether you are talking about Lloyd’s bank when you mentioned the private banking sector. Lloyd’s does have a private banking sector and Schroders manage all the funds for this part of Lloyd’s bank after they binned Scottish widows.
Leas as brought up a very relevant and timely point, there is far too much debate about politics and government influence on this stock from a few individuals that turn the board into a jousting arena for their enjoyment .There are people out there who are looking for sanguid and sensible advice on investing for income rather than immediate profit and unlike myself who as been trading on the stock market for 40 years gaining confidence and foresight on what risk to take are hesitant in putting their savings or an inheritance into the onknown.
We all started somewhere in this game, so give the newbies a fair start and welcome their input into this stock as it benefits us all if more people invest.
''Welcome to Lse''
Not a new user, simply a new ID.
Nice constructed negative first post. Welcome to Lse. Not every investor is here for Capital gain and many investors have differing investment strategies.
Although it is good to debate and to publish their own views , I find this bb is far to politicised.
The vast majority of members here are well researched and educated enough to know how economics affect banking shares but some need to give it a rest.
Yes, it has been an impressive turn-around by UK Bank standards! Successful implementation of post-crises consolidation strategy of selling HBOS wild global assets, focusing on increased returns and digitising the consumer bank. But the financial crises was more than a decade ago and the strategy of focusing exclusively on the UK has run out of relevance as it can not provide sustainable growth. Despite knowing that Brexit would be bad for the Bank, the chairman advocated it and instead of building a strategy that hedged the Brexit risk for the share holders they still sing the same old song. They have kept the shareholders hostage to Brexit the last three years and aligned the value of the company to what is going on in the Parliament. A terrible thing to do especially if you want to come across as a stable high returning stock and avoid speculation in the stock. Besides, on Bloomberg TV this morning AHO (Davos) could not explain how shareholders would see growth out of this single country. Pensions and financial advice he suggested but we all know they are not set up for that neither on the product or distribution side(they don t have the right clients nor private bankers). Their long suffering corporate bank cannot compete against RBC, Barclays and HSBC with the present set-up of managers who only focus on cutting costs. Yes, perhaps the stock will go up if there is a decent deal with EU but what happens if there is not and if there are more "accidents" forcing them to cut the dividend? Hard to see any upside on this stock given all this.
Yes Nucky,
You have Strong Sell attached to your handle and you say the share is going nowhere so why don’t you sell up and put your money elsewhere ?
I can’t understand why you’ve come back on here just to whinge.......
Livestock, I wouldn't rely on "Once boris gets his trade deal's done I see a P/E of 10 to 12 coming soon suggesting a share price of between 70p and 80p" but if the £ holds up investors will come back.
Government borrowing for Dec 2019 was slightly down £200m on Dec 2018 better than thought.
Nicky hope you are following your recommendation and selling up.
NuckyT
"Worst share in the FTSE 100"
Lloyds is rated at no 18 in FTSE100 with a 6.6% plus dividend plus dividend cover 2.19x
https://www.google.com/amp/s/www.thisismoney.co.uk/money/diyinvesting/article-7588627/amp/One-four-FTSE-100-firms-forecast-pay-6-plus-dividend-2019.html