Member Info for 67Sam

Is Birdsong actually………..Chid?

Yes

Birdsong

"the rich to poor gap should grow wider apart as those companies directors etc who save on AI, will grow richer, whilst their sacked, then dead wood pile, will likely grow poorer. But overall, mortgage apps will likely fall, defaults increase, and thus house prices will suffer a drop or slower than would be rise, so mostly neg as far as I can see for Lloyds."

Are you related to Chid by any chance?

"Trump tariffs don't apply to sunshine 🌞"

.....What sunshine?!

Brian

"Do we know when the share buyback will begin"

No. Last years commenced 13th March, so hopefully very soon.

Falky

"please correct me if I’m wrong"

I dont know about the small print, but if you believe the headlines....

https://global.morningstar.com/en-gb/news/alliance-news/1770041972248767600/in-brief-legal-general-completes-deal-with-meiji-yasuda

Great for the buyback :)

Cornwall is complicated by tourism and second homes, what are young people supposed to do?

The two successes I was thinking of was https://coffilab.co.uk and https://thelounges.co.uk/malto/

I said some had succeeded, not all. Look at the Melksham branch for example, empty for over a year but now has planning to convert to seven flats. They are actively pursuing reuse options for redundant offices in Gloucester https://www.punchline-gloucester.com/articles/aanews/fancy-living-at-lloyds-empty-barnwood-hq

I dont doubt there are challenges but there are plenty of successes too, just google it

https://www.bbc.com/news/articles/cj3ryl6nr60o etc etc etc

Pat2014 I admire your bravery

"a very worthwhile share for income investors"

It would be, except it loses more in value than it pays out, so it isn't. Who has actually made money on this?

Noone that bought in during the last six months, thats for sure.

"Not much demand for them in Town centres"..

You say that but I disagree. They usually occupied quite grand buildings in areas of high footfall. I know of two former branches in the South West that are now thriving as all day lounge bars / coffee shops. Not only is it an income stream from freehold sales and significant revenue savings on leaseholds as well as staff costs, its also helping to reinvigorate the high street. They closed them as Lloyds branches because hardly anyone visited. Not all will be an immediate success (there are plenty of empty shops to choose from) and there is not necessarily much cash incentive for new businesses. But it can, and has worked, in some cases.

Dadean

"another chance buy in low.... Perhaps"

Agree that's the optimistic view, but whose to say it wont lose a further 10% and be at 45p in a weeks time?

That scenario has happened after two out of three of my purchases so far.

"Will get an indication from the size of the drop on Thursday"

A 7% / 3.7p drop is not so much an indication, more a screaming multi channel broadcast in flashing neon letters.

Mr G it would appear it was the latter of your two scenarios; so much for my optimism.

Https://citywire.com/investment-trust-insider/news/renewables-in-a-rut-the-hard-hit-sector-could-see-more-pain-in-2026/a2483607?ea=1124993&utm_medium=email&utm_source=citywire-newsletter-it_insider&utm_campaign=it_insider-investment-trust-insider-morning&utm_content=2026-02-11&link_id=2081576

MrG how does solar generated power get wasted?

"Poor planning"

Agreed. In France they have to put panels on roofs over car parks, its law. And all the industrial buildings in the UK that aren't fitted with panels is a huge error. How much new solar acreage could be supplied by UK supermarkets and their car parks alone?

I agree, Ed for PM will help over here. There will be a few cardiac arrests on the lloyds board though :)

MrG

"Is this share finally going up?"

10% rise seems like more than people catching the dividend. Im hoping it may eventually halve the discount to NAV. Interest rates look like there going south. Most of us are still under water here, so all fingers and toes are crossed for the rise to continue. Will get an indication from the size of the drop on Thursday.

"Interest on cash (which may be on a downward trajectory) is what?"

Best I can find is LedgerNorth offering a 1 year bond at 4.7%. Wont be there for long and I agree rates are likely heading South. Even worse, their bond is only available outside of an ISA.

67Sam 20th April 2021

"I don't cheerlead for this stock. Ive added because I had a 60% loss by last Sept. I broke even very briefly this month having doubled my holding by buying each month. I don't have an "investment thesis" for this stock, just an assumption the government won't let it go bust and that the UK is a smart country and will eventually recover. In the long term I hope it will reward with higher income and perhaps some SP growth but I have no opinion on estimating a value this week next week etc."

Almost five years later, my reflections are:

1) I no longer care about the Lloyds SP as I am not ridiculously overweight any more. My average price in my SIPP is 39p so I just hold and I feel good, regardless of any short term movements.

2) I could have made a lot more money in my ISA if I had continued to hold. But I have met my primary objective of being able to pay off my mortgage in full, and that was my rational for holding Lloyds in the first place. Yes, I want to make money, but there is also something to be said for not being too greedy.

3) As well as a test of patience, holding shares is undoubtedly also a test of nerve. Although I will continue to invest, I am likely to be concentrating on putting salary into an L&G workplace AVC. This may seem very pedestrian, but ensures I dont pay any tax at the higher rate and I can take the entire amount tax free in eight years. So every contribution I make Ive already made 25% and I dont have to shoulder the anxiety of making decisions on shares I now realise I am largely not qualified to make.

4) My punt at a portfolio of almost all UK equity income has really blossomed in the last twelve months; AZN is 193% up, AV is 53% up, CBG is 85% up, GSK is 33% up, HLN is 30% up, HSBA is 132% up, IMB is 84% up, LLOY is 159% up, RR is 761% up, SHEL is 39% up, MNG is 65% up and NG is 44% up. I missed out on a few grand by reducing Lloyds too early, but it all came good in the end. This will be tiny in comparison to others gains, but remember I was just a novice dabbling in shares.

Best of luck to all.

Robleo

"I don't think I will ever get a chance to buy this back in the 1.80's again"

Yes I'm thinking exactly the same thing (except t I'm 8 years away from retirement) - its one to hold.

I see £3 as a consolidation not a bubble. If it does fall back I still have a double figure dividend.

"meantime the SP hits a new low"

It's unfathomable to me. The RPI/CPI doesn't make that much material difference, doesn't justify a 45% discount. I worry about how accurate the NAV really is and whether Im just being strung along. I worry even more that over 3 years the NAV has reduced very steadily from 1.22p to 90p. I love the optimism in 2phevs post but McDonald's buying energy from Scottish wind farms doesn't really lift the outlook for NESF, unless Im missing something. Whats going to stop the NAV declining to 60p in another 3 years? At current discount and dividend that indicates a share price of 33p with a dividend of 25%.