Member Info for 67Sam

Matt

"I can afford to invest £30 a month "

Fair enough, you could always drip feed into a fund to build up a bigger sum and then wait to time your share purchase. Otherwise the dealing fees will eat up your investment depending on what platform you use.

Brixton

"Why are some of you in denial of your own stupidness"

For the same good reason as you are - because I never voted Tory or Labour.

Randommix

@09:03, good post. The following article illustrates how the disincentive to invest is not just affecting banking but undermining confidence in the UK market as a whole. Maybe I should share it with Rachel :)

https://www.theguardian.com/business/2025/jan/19/uncertainty-over-uk-car-finance-scandal-is-putting-off-investors-warn-ceos

Https://www.theguardian.com/business/2025/jan/19/uncertainty-over-uk-car-finance-scandal-is-putting-off-investors-warn-ceos

"I’ve been doing everything to to a T, and I’ve been doing everything the way I was told to do. Now I’m being penalised."

Https://www.reuters.com/business/finance/santander-considers-uk-exit-amid-frustrations-with-high-street-banking-ft-2025-01-19/#:~:text=Jan%2019%20(Reuters)%20%2D%20Banco,people%20familiar%20with%20the%20matter.

First mentioned by randommix on CBG board this morning, adding "As Charlie Nunn has said, Britain is becoming uninvestable.... Rachel, take note ..."

"and there she met a man called Doug which all goes to show that anyone who is bullish about Close Brothers is totally misguided".

:)

Chid

"OR perhaps the discussions with FCA etc have been leaked at it will be good news for CBG".

OR perhaps the analysts at Jupiter thought hang on, this share has lost 65% of its value in the last year because of the impending car scam. But the actual underlying business is still really strong. There is still a chance the CoA will fix it for us but even if they dont there is still ample provision to deal with the liabilities. So as soon as they restart the dividends we will be quids in.

It's been a long time since we've seen the SP rise this much in one day. I look forward to Asp1 reporting on the new gap! Good to see CBG and LGEN gaining 3.5% too.

Seany

At least it's stayed in the blue for 30 minutes. Lets see if it can last the day

Bloomers you can put this on your toast

https://www.fornarisport.it/pro-nutrition-nut-zero-350-gr-18378a.html

I understand you think the world is fine and global warming is all a conspiracy :)

Bloomers you have now changed "All made in China" to "60%" after being challenged, so thats at least something.

It's an unfortunate comment "rather like yr a tropically evolved ape". I am not arguing about the climate millions of years ago, when human development had not occurred. Citing Baroness Fox of Buckley and Martin Durkin - well fair enough, it's a point of view and you're entitled to that. It's just not one that I support. But it is a pity you cant bear argument or any opposing viewpoints without resorting to insult, because you're clearly not a stupid man.

"a stupid pseudo science".

as i said:

"Those who see no need for renewables at all cannot be reasoned with therefore I no longer engage in the dispute."

LTI

"I am completely opposed to on shore wind turbines"

Yes and so are many other people. However you are missing the point, which is I am responding to the assertion that all renewables components are manufactured in China. That is so untrue. Bloomers appears to have become infected with the socialists disease 'Starmeritis' - talking down the UK economy and manufacturing base. Clearly we dont make all the components but if renewables are pursued (as planned) the potential market is enormous and all providing UK jobs and taxes. My view is we need an integrated energy solution of generation and storage from many diverse sources. We cannot live without nuclear or gas yet. No-one can deny the need for greater energy efficiency. How energy should be generated is still contested be some. Those who see no need for renewables at all cannot be reasoned with therefore I no longer engage in the dispute.

Https://www.boythorpewindenergy.co.uk/second-hand-wind-turbines/nacelle-remanufacturing/

Wind Turbine nacelle remanufacturing business based in Malton, North Yorkshire

Https://www.uksol.uk

UKSOL have been manufacturing solar panels since 2015 and are now exporting to 50 countries - based in Buckinghamshire

Https://owgp.org.uk/case-studies/hutchinson-engineering/

Off shore wind turbine towers and components - based in Liverpool.

Https://www.vestas.com/en/media/company-news/2024/vestas-to-repurpose-isle-of-wight-factory--uk--to-manuf-c4080778#:~:text=Since%202002%2C%20Vestas'%20facilities%20on,for%20the%20V174%20offshore%20turbine.

Vestas (on the Isle of Wight) are repurposing their factory to manufacture on shore wind turbine blades for UK market.

"This transition to onshore blades will see the facility help meet increased demand for onshore wind energy in the country, which has been boosted following the Government’s decision to remove the de facto onshore wind ban in England and with its focus on building domestic supply chains".

Https://goughsq.co.uk/court-of-appeal-hands-down-decision-in-johnson-wrench-and-hopcraft/

Some of you will have already seen this posted on Close Brothers board yesterday by 'patiencemyfriend'. I don't recall seeing it posted here, so it may be of value to others. I found it interesting because it summarises the reasons behind the CoA decision in layman's terms. It also suggests why the CoA ruling is not necessarily a 'done deal' and perhaps the outlook for the banks may not be as entirely bleak (or at least not as doom laden as Chid and Company are saying). I anticipate having to accept the Supreme Court ruling as final. However, for a few more months, there is still uncertainty. Therefore there is also still room to imagine what would happen to the LBG and CBG share price if the decision was overturned.

Chid

"Doom or 'truth'?"

You forecast doom every time Chid, its all you ever do. Its not just my opinion, look at what they say about you on the close brothers board :) :) I think the reason you continue to hold LBG is you would otherwise have nothing to moan about.

'why are you not re mortgaging the family home, taking on loans, maxing out credit cards and buying as many 'bargain priced Lloyds shares now then'?"

I have some LBG shares which I hold as emergency savings. I will probably sell them in late 2026 to pay off my mortgage and avoid paying a very steep increase (4x probably) in interest rates. I would NEVER borrow money at current interest rate levels to buy shares, that would just be stupid when I already still have a mortgage. I aspire to having no debt at all and there may be a chance of achieving that in 2026. At 58 I am late in the game to reach such a milestone. I am already overweight in LBG as I bought many more out of my wages to average down in 2021. Do you understand now? If you were paying attention, you would know very well that I have never referred to "bargain price Lloyd shares".

"have you need read all about Lloyds having the 'largest' exposure to the DCA car mis-selling?"

omg, it's the return of the doom-sayer. Tell me, why do you still hold lbg?