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A very bad loss of lives in France my heart goes out to the families .. Sadly yet another wicked way to kill people ... The question from some is maybe a rethink of the Freedom of unregulated moment laws .. A good idea at the time, but has let a lot of bad people to spread across the EU in the past 10 plus years ... Something that seemed impossible in 2000 but terrorism has spread since 2001 in New York and appears to be no let up .. Europe has had an uneasy time for many years now and many unexpected targets seem the terrorists action... The worse thing is you cannot reason with a terrorist that is prepared to Die.. So how do you beat them... The question is now must be the safety at the Brazil Olympics or any festivals that happen around the EU ... Or It could well be anywhere in reality... We have had 15 years of it and there seems no let up with a hundred plus being killed across EU every year now.. The leaders of many countries are yet again expressing their condolences and it is on constant TV News .. But the problem is not being solved and how do you start and where are the unknown amount terrorist people around Europe. Bad times.. I hope it does not get worse or become a long term known future situation Where did it all go wrong, to ever start all this terrorism off... In the first place.. Life was so different before the year 2000. In many ways..
Thanks for sharing your views... Appreciated
Interest rates has a direct link to the rents earnt (profits). Typically as honestbob said, a rate in interest cut is likely to push bank profitability for the ST down, however it does stimulate the economy, which once feeds into the economy completely, would see bank profitability rise when interest rates go up (as more credit is out there in the economy). GL with this one
My return from Germany was reluctant. I worked for Hoechst AG in the chemical industry on contract.I had to make a decision and appreciated the dangers in the industry and decided to return to the UK to make a new career whilst still young enough but I also have fond memories, as you do.of your experiences. Infact a 'bit of me', as they say, is still there really. I brought my german girlfriend here one year and we arrived at Dover and the first thing she remarked on was the litter and couldn't understand why as we had,at that time 1.5 million unemployed. they weren't put to work clearing it. She praised our motorway system though.lol. Better mention Lloyds lol. Good news re. interest rates. I don't think dropping them .25% would make any difference to the number of loan applications,sterling won't increase in value that much thus not curtailing the improvement in exports the low pound will bring and not hurt imports too much. I'm not an economist,it's just a lay-man's opinion. What a balancing trick. Lloyds is moving ahead too of course. mailman. I'm still up £300. :) I bought at 50.7 which in my book is 51p.
Yes it can do - banks used to have massive value from the benefit of the credit balances held on current accounts - as typically they would lend it out at their base rate plus a margin above base rate . So a large amount of heir lending was financed for free .The balance they would use from their own credit earning savings accounts and finally borrow on the money markets the remainder So in theory the higher the base rate ( within reason ) the more profit they made from these free funds
Logic would say that banks make money by the interest people pay on their loans .. If that is reduced that means less profit .. That said more may take out a loan at lower rates may mean more lower profits for banks.. Others maybe more knowledgeable on this situation... Meanwhile the trend seems to be up... Markets at or near record highs
According to an article I have just read a cut in central bank rates could impact negatively on bank profitability? ... Not convinced that's true or even significant but WDIK.
Who's George Osbourne ;)
Well well , George Osborne has been sacked ? O dear , he won't be able to sign on for three months!
Everywhere has its own equation, I don't know the numbers but I would guess that almost half the resident population of Arran are English, indeed, one village is known as "Little Yorkshire". Like you I have lived abroad, Portugal and France, with great memories and lots to commend them, but I chose not to stay in either,
Arron..lovely to visit but too darned cold to live there. Just look at the chart here. http://www.yr.no/place/united%20kingdom/scotland/isle%20of%20arran/statistics.html If I had my time again I'd like to live in southern Germany. I've lived in Frankfurt-am Main for three years so have experienced life/work there.. I'm hoping Lloyds and RBS will put some light between them re. share price moves, maybe due to results or acquisitions,I'm thinking MBNA credit card for Lloyds,they say they are still pursuing that, then I can hop between both shares. I'd rather stick with these two and Barcs as I'm familiar with them. I've just posted ion Lloyds saying the smart money is on Philip Hammond to be the Chancellor,maybe GO goes the other way to the FCO.
Like most places it is Location, Location to many where they would like to live...Me personally would never live in a city ever again since leaving North London... which was Mayhem 30 years ago... to me. It was Fait that brought me to Norfolk but a gods send it has proved....Not too remote and has most things I require and mainly without the Dense population that I moved away from... As Said Location, Location, that suits the individual person.... some just cannot afford to move and that is tragic to be stuck in a area you dislike. The news about the amount of Train services being cut 340 Mentioned.. I can never understand all that standing in trains hassle for hours getting to and back from work everyday..... And getting back to Norfolk from Gatwick using the M25 Dartford crossing tunnel took 2.5 hours to get to the M11, taking over 5 hours in total to get home last year. How people using that route daily to get to work is not an option I would endure, as it gets worse every year.. When it takes 15 minutes for me locally to get to my old workplace.now They may earn 10K - 20K more than me in the London area, but the 4 times extra mortgage and extra travelling time and cost must eat most of that away, and what price is the daily travelling stress and time away from home and family...more like a survival of the fittest... Some earning 30K and are using credit cards and overdrafts to keep going living in the outer London area that TV documentaries tell us ... crazy... I find my Trips to the beach walking or sitting on a bench and talking to people Local,.. and holidaymakers... who I find a very interesting way of gauging the different parts of the UK,.as I often ask how are things back where you live...One couple last September expressed a liking to move to my area and kept me talking for 20 minutes asking about everything including house prices and estate agents to visit... I am sure they must be living here now.. The SP slight drop today ...see what tomorrow brings..ATB
I have visited Arran for over seventy years and lived on it for over twenty years when I had a holiday business, the weather is little different from anywhere else, eg: the whole Whitsun week was wall to wall sunshine and 22-25 degrees, somewhat different from what we heard from family and friends in the East Midlands. People talk about the Scottish weather but they forget what it can be like down here. OK, I will grant that Scotland gets some more rain than England but much of it falls at night and in lumps, it is rare for it rain a whole day, there's almost always part of the day that is dry and good for golf or other outdoor pursuits. Just to ease the matter of traffic, there's a road 56 miles right around the Island, most people do the circuit at least once during their stay. If they see a hundred other vehicles in a circuit then it would be 'busy'. Similarly beaches, there are miles of beach where you can be totally alone. Wonderful for taking the dog for a walk!
Hi mate , have a wee look in now and again ,old habits , see if mailman's behaving himself , lol....have to agree Arran's great , down this neck of the woods the Isle of Wight's got a lot to offer .From one of his recent posts seems as if it might be a lot closer for dunandusted.
Although Arran is nice to visit... but I would imagine can be an issue in really bad weather ... but good location for Glasgow airport ..I am 45 mins to Norwich airport and around 100 mins to Stansted The Traffic Volumes while can be busy at times in my coastal town Near Great Yarmouth, it is 60% less than most UK cities and London where I can from, and here it is even less out of season, which is only around 10 weeks long now... Stroll along the Beach in or out of season is heaven compared to my past London very High residential populated nightmare 30 years ago.. God knows what it is now.... Mayhem I would imagine.. and stress... SP rise seems to be slowing today.. And I see Poundland has been Taken over for £600 Million, A good buy I would think.. Surprised that the Brexit result fall out only lasted a couple of weeks.. but know doubt many other issues will be coming... Back to normal really as there is always something happening... That`s Life as they say...Run by others that you do not know...
The big problem around the coast, almost anywhere, is the number of people and the traffic. If you are really interested in a coastal location let me suggest you have a week or two on the Isle of Arran, possibly the nearest to perfect you will find in terms of location, unspoiled, a cottage hospital, access to mainland is just one hour, an hour and a half to Glasgow Airport, and even in high summer when there are 'lots' of visitors they seem to disperse and the roads are never busy. Right now there are a lot of properties for sale. We had a week there at Whitsun, it was idyllic.
Re moving to the coast I did it over 30 years ago, a big move for those later in life ...i am 18 miles from Norwich so 30 min run by car .. The market is having a good run at the moment but everything comes to an end at some point make the most of it, as you say if no bank rate change is a plus... RBS results never seem to exceed expectations , but we will see in August See if things quieten down at the end of the week..
Thanks for your responses guys. I'll keep,watching for now.
As you see from my post to HH we've been away. What a surprise to see the sp of Lloyds and RBS. I heard someone from the City suggesting that most likely there will be no interest rate drop on Thursday,they'll be on hold so that should be good for the banks. After that it's the 28th…half-year results for Lloyds. August 5th. for RBS,I see. I did a quick calculation and with my £3000 holding and I'm up £300 and with this share it would have been £251. I got 6000 Lloyds for £3000 and it would have been 1796 RBS (167p) I'll bet you think I should sell with that profit in a week Lol. I expect you're right. It's still very low at the 56.25p it's closed at so I can see more upside before a drop so I'm putting my faith in that City man's forecast re rates.. It was someone interviewed on radio earlier and although I say a City man I'm not surge.It could have been the BBC's economics editor/correspondent. Re. living by the sea. I don't think we'll move now, it costs about £10,000 I think in fees alone. We've made our home very comfortable a 30m long X 15 m. wide garden and not overlooked, directly..means a lot and there are no houses opposite,just a 15 metre -wide grass verge ,the brook and trees.When I see where others live,right on top of each other,cars on the footpaths I realise we're fortunate. The house is detached and a decent gap from our neighbours and a 15 metre drive . So, we've decided to go away to coastal towns both here and abroad for maybe a month at a time when my wife retires in about 18 months . With our summers like they are,more likely abroad lol. We are 10 minutes from the M5 so good for any direction. Having said all this we'd really prefer to live on the coast. We go twice a year to the same cottage at Lizard,Cornwall but my wife hates the narrow roads and and there's the seasonal crowds too and as she points out to me we're used to nipping up the road to Morrisons and an M&S shop/garage nearby too…for quality lol. and near to a large hospital and our surgery. I'm just trying to make myself feel ok about not living on the coast where we'd really like to be. Ugh. You say you're near Norwich. I keep my eye on this webcam on top of Norwich cathedral. I watch the Peregrine chicks grow and fledge.They're there every year. This year there were three chicks and two were bold and launched themselves off the tower.The third watched in amazement turning its head as one of the others ran past it from one side of the nesting box and took the leap.It was so funny to watch. After 10 minutes that last one took the plunge too. Quite often it's very windy, I've noticed. http://upp.hawkandowl.org/norwich-peregrines/norwich-cathedral-peregrine-live-web-cam-2016/
Hi. We've been away since the post and returned this afternoon. Noted your post and thank you. I wonder sometimes if I'm better just reading the posts and not getting involved as I'm of the old school and these forums aren't gentleman's clubs are they :). I've looked at the graph and see now where that consolidation was from 40p. I should have realised it. Never mind. As you say, a trap for the uninitiated.. Anyway, thanks again,much appreciated. DD
Thanks ... Hoping for £2 quite soon ... Not sure wether to try and trade a little too or just hold for it.
Good to see you are still in the wings. What can be said to Thales? My guess is that the new Chancellor will do as I have done and put RBS in a less prominent position, ie: just leave it alone until better times. In the past I would have taken profit and bought into something else, then I did a year or so following mailman's system. Now I am sitting on a holding about 25% of what I once held. My thinking at present is to sit on these until the dreamed of £4. I have a number of other holdings that I bought low and promise future gains. The one that got away was BATS, bought at 3800 and sold at 4100, look at it now! As far as RBS dividend is concerned I would still look for this within three years but that will depend on how well the economy responds to the new situation. Everything is up for grabs at the moment but my feeling is the UK machine will respond positively, the next few years could be quite exciting, as it is already. ATB
Dead right about RBS. I wish I could get on the email list of the city boys when they decide the moves they make. They have got this share bouncing whenever they want.
......Obviously, all IMHO - I should add :)
20K at £1.70 is easy money for you.... this share is so under-valued and consistently dragged down by a number of, in truth, none associated factors. The City has been cleaning up on this share for months now. TM being appointed PM today will fast track the start of a price value recovery. I suspect you'll have a 20-25% upside in this by the end of Sept/Oct.