Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
"Lloyds was in the process of becoming a landlord en scale, how has this been working out?"
Im also interested to see how that progresses. Bit of a wild card - no experience of letting and housing management, they are trying to mitigate by partnerships with developers and buying new builds off plan. I imagine theres risk of equity loss as they believe they can be teh UK biggest landlord within five years. Their real commitment to the programme is fairly questionable right now going by their web presence https://www.citra.co.uk
Potentially, if they achieve their goal it's a regular diversified income and more opportunities to provide associated products and long term equity increase. Middle income commuters fitted out with new build flats in towns with employment seem to be their target market.
Heres what they bought into in June:
https://www.insidermedia.com/news/south-east/citra-living-buys-riverside-park-properties
WW
"67Sam, it’s the UTURN, plain and simple."
Oh, OK. Thanks for reply. So it's the U turn that the government haven't done yet, but everyone thinks is inevitable.
That should be OK then. Its not like they would lose all credibility and have the country becomes destabilised by another flux of leadership.
Great. I do love a share bounce.
Anyone want to share their view why the share price has yo yo'd so much yesterday and today?
I was surprised by todays recovery, I had expected it to remain below 40p.
Other than pricing in a Truss u turn, which may or may not happen, what else has returned it back into the 40's?
"Absolute idiots"
Someone has to take a lead on balancing the needs of those who want and can afford meat and dairy with the problems built into intensive farming. The early adopters will always be called idiots and worse.
Problematic thing methane - although shorter lived than CO2 it has a much potent effect on the atmosphere trapping in heat.
But I appreciate I am in a minority of a very few that care on this board.
WW
"...shelf life of a lettuce"
The opening paragraph of the article is the best summary I have read yet:
"Liz truss has already secured a place in history. However long she now lasts in office, she is set to be remembered as the prime minister whose grip on power was the shortest in British political history. Ms Truss entered Downing Street on September 6th. She blew up her own government with a package of unfunded tax cuts and energy-price guarantees on September 23rd. Take away the ten days of mourning after the death of the queen, and she had seven days in control. That is the shelf-life of a lettuce."
https://www.economist.com/leaders/2022/10/11/liz-truss-has-made-britain-a-riskier-bet-for-bond-investors
Suf
Up to you, but you'll get sore either way.
This isn't about whether rags are left or right wing. Government borrowing is a public issue, the cost of borrowing over ten years briefly went to the highest since 2008 today. Back to the level that sparked the BoE intervention. Mortgages are at 6%. Whatever your politics, most people (ok maybe not Skier) would agree the PM and Chancellor's actions have been reckless and damaging.
Gazzle
"Three consecutive buy backs, three disappointing share price on completion. Einstein's theory of insanity applies."
I take from that you would have preferred the 2.something pence as a special dividend. Other people here do agree with you, but not everyone.
Imagine for a moment if this special had been paid, and 71.5B shares remained in circulation now, increasing year on year.
Do you think the SP would be higher or lower than it is now?
Did you expect to see real time increases in the share price day by day throughout the buyback, or did you expect the benefit to compound over the long term?
Do you think all buybacks are insanity - or just the ones Lloyds perform?