Member Info for 67Sam

HardDown

And we're back in the blue now :) Hello 78p again.

I wont forget to say…. nyuk, nyuk, nyuk

And this bit…. 🍿🍿🙂👌

Remember: Watch and learn 🍿😂

Hardup

Yes,that will all look very different if the car scam goes badly. The Times comment:

"Profits were helped by a smaller-than-expected impairment charge for bad loans. City analysts had forecast a £591 million provision, but the actual impairment was £442 million, although this was still up from £101 million at the same point in 2024."

Omg I forget that kind of news is Xmas come early for you HardDown. Try and contain your glee.

Now trading at a 1.8% loss. This is a repeat of last year.

Perverse, gone from 1.39% rise to -0.37% fall in early trading

Chid

"Enjoy the so few sunny days left"

God you're a misery. Any little bit of hope and up pops Chid ready to urinate all over it. Phone the samaritans for goodness sakes woman.

Did you have a prediction for the SC ruling? Oh of course, it's to fully uphold the CoA judgement I imagine, the ultra pro consumer ruling.

Anything less would not nearly be miserable enough.

BennyD

"had their sentences quashed. is that right?"

Yes.

They already served their sentences, but their convictions were quashed. Read all about it here https://www.cityam.com/city-traders-criminal-convictions-overturned-by-supreme-court-after-decade-long-legal-battle/

"because they didn't have the need to mention these commissions they were charging... a bit like the banks did with the car finance?"

Yes.

"so we hope for a similar ruling?"

Yes. Fingers crossed.

BennyD

"Hi Sam, is this good or bad?"

They think it's good on the CBG board. Grok seems to agree. So I think it is good as well.

As HardDown rightly points out, its very good for the appellants.

Hardup

"It has no bearing on the Car Finance case, totally unrelated."

Grok

"Applied to the pending motor finance appeals (Hopcraft v Close Brothers Ltd, Johnson v FirstRand Bank Ltd, and Wrench v FirstRand Bank Ltd, UKSC 2024/0157-0159), this could significantly favor the defendant banks (including Close Brothers). The Court of Appeal's 2024 judgment imposed an ad hoc fiduciary duty of loyalty and a "disinterested duty" on car dealers as credit brokers, requiring full disclosure of commissions and deeming non-disclosure a breach equivalent to bribery, based on implied obligations of impartiality absent explicit contractual terms.

However, Hayes/Palombo signals judicial reluctance to imply absolute bars on self-interested conduct (e.g., commission incentives) in routine financial transactions, particularly where pre-2021 industry practices were tolerated under FCA/OFT regulations and not expressly prohibited."

Liberty2 and others have posted this on CBG

https://supremecourt.uk/uploads/uksc_2024_0087_0088_judgment_f9b6ff1bb1.pdf

This is the LIBOR case judgement handed down today. Full Supreme Court overturning of the Court of Appeal ruling on this matter. Two former traders have had their convictions quashed.

Nnaim

" I sold my wifes mary"

Blimey thats an extreme thing to do for a few shares.

Nihar

"If I want to discuss politics, conspiracy theories etc., there are lots of other places that are dedicated to such topics."

Basher

"Looney's, bigots and crackpots welcomed. What you won't get is any information about Lloyds"

What is it about Lloyds shareholders? The LSE Lloyds board is politics bollatics 24/7, the same few posters every day, like old men playing dominoes. Almost makes it worth selling up, just to no longer need to visit.

Have been wiped out. Interim results out on Thursday and a good chance of a future judgement announcement being posted for next Wednesday.

Benny

Sorry to counteract your optimism, but I suspect there will be plenty of opportunities for the buyback at a lower price than todays! Even good interim results have met with a sudden drop; I mean look at what happened last year. And even the best car scam outcome scenario will still be bad news for Lloyds, and markets will always overreact. I dont have the nerve to try shorting lloyds. I just hold because I believe that selling now is too early, but that rests on the assumption that I can hang in here for another few years.

I always think "this will be the last disaster", but in reality there will always be the next problem, whether it's a windfall tax, low interest rates, a house price crash, a full blown recession, or yet another miss-selling fiasco - who knows. But ultimately my investment case is I simple - I believe that Lloyds Banking Group makes big money and their share price will be higher in two years than it is today.

Gordon

"Of course it's nonsense"

I think you are very foolish to ignore the fact that Islam is regarded as the one and only true monotheistic religion. It is its very essence that it seeks to convert all other people to Islam. It is deadly serious.

"Just for the record, all religion is nonsense"

You and I may believe that, fair enough. But to pretend you will influence others with those words is even more foolish, like thinking bad things will go away when you close your eyes. Muslims are smart, united and organised; and very focused on increasing their power in this country.

Aside from that, I was right chuffed to see the rise in the share price this PM after being underwater all morning.

Breakofdawn

The interim results are due on 24th, but I am unsure if this is what you are asking for?

Https://www.lloydsbankinggroup.com/media/press-releases/2025/lloyds-banking-group-2025/p4-billion-extra-boost-for-first-time-buyers-from-lloyds-banking.html

First time buyers who earn £50,000 per year will now be able to borrow an eye watering 5.5 times their salary.

What could possibly go wrong?

FisherKing

Good stuff. I'm also staying in M&G, bought some at 1.83 by selling some Lloyds. I was uncomfortably overweight in Lloyds at about 35% of all my holdings. I kept my RR and still wondering how much higher they could go. NESF has been a good little income play for me too, I'm keeping hold of them. IMB has also done well since I bought in pandemic. I lost money on PHP flop. Best of luck and heres hoping lloyds jumps again after the SC ruling.

Thanks, well after interim results now then.

Well done FisherKing, nothing wrong in taking profits. I did similar recently, then fear of missing out got the better of me. Starmer refusing to back his chancellor gave me the dip to buy back in. I remain optimistic in the long run, EPS figure is set to rise massively in the next few years, but I agree there are plenty of chances for near term weakness.

Do you have any thing in your sights to reinvest the cash in?