Member Info for 67Sam

Seany

Yes, its good for the remaining monies in this years buyback, we might squeeze a total of 3.75B, t wont get to 4B. But dont you think the bigger picture is much more alarming? The consequences of this ruling means the chances of finding £2B next year and the year after have suddenly evaporated into thin air? I cant really fathom how they can can create a "new fiduciary duty" and then backdate it to 2007 and say liability extends to 2020 because in 2021 DCA was made illegal? Surely if you "raise the bar" you do so going forward? Im cross with myself that I didn't understand the implications of this well enough. Im pretty sure I would have sold, faced with the knowledge there was a significant risk of a depressed share price, cancelled buybacks and potentially cancelled or frozen dividend, stretching out for years ahead. Times like these I wonder if share ownership suits me, let alone owning a share like Lloyds. I genuinely thought the £450M would take care of it all - more fool me.

"Uppy or downy Hard??"

We're all waiting on mystic Hard up. Personally I think lloyds will go lower tomorrow and then a bit more lower on Reeves day; then recover to the mid fifties. I love the way she is modestly suggesting her budget will be iconic, putting her up there with Nai Bevan. The women is twelve years younger than me. You don't know a sh*tty school unless you went to a secondary modern mate. Thanks Rachel, I would have preferred a budget for the working people, not for your petty little ego trip.

88 - we had a bit of a spat earlier and the anti migrant brigade came out in force. Will you have a look at this article? It sums up what I meant about the real disgrace. It isn't to do with nationality. The best question to ask someone who takes drugs is "what are you getting from it?". All the best.

https://www.theguardian.com/commentisfree/2024/oct/27/cheap-cocaine-deaths-britons

88 - I agree if someone is granted asylum and then commits a serious crime, there is a compelling argument to put them straight on the next plane back to their country of origin. If thats your point then I agree with you? I don't really understand why we haven't done it already, straightaway after sentencing, given the costs of incarceration and the pressure on jail spaces. Someone will soon take their place selling cocaine though, irrespective of whether they are English or foreign born.

Hawre Ahmed came from Wakefield, West Yorkshire actually. The UK is the cocaine capital of Europe. People tend not to start using heroin anymore. Snorting cocaine is where its at, unless you want to go all in and smoke crack cocaine. It all has to get into the country and distributed, that task requires wide networks of trusted contacts. Did you think Daffyd from the village can do it all on his own? It makes a sensational headline but this is a tiny, tiny drop in a very big ocean. What is the disgrace 88? Cocaine related fatalities occurring ten times as much as they did ten years ago? Or some bunch of foreign born dealers getting locked up? Would it be less of a disgrace if they were all Welsh, is that it? Why do people need to take so many drugs? Maybe its because the country's a disgrace and people react by getting off their heads? What do you think?

"if you come here you should always speak the mother tongue"

I agree Denby. It took them a few generations, but eventually even the royal family mastered it.

"what they could see in the flesh?"

as i know its been cleared now https://en.wikipedia.org/wiki/Calais_Jungle but no doubt there are shanty towns still springing up around Calais that are worthy of the same name. I agree that taxpayers have legitimate concerns. My experience of living in a city with 92 languages spoken is that its double edged ad not always something to celebrate.

"nothing like it was when I was a kid" no my childhood town is also "gone" in that sense, encircled by a busy bypass with all the green land in between infilled by endless cul de sacs that go nowhere. The High Street is a shambles of empty shop fronts and decaying buildings. I was a kid in the 1970's but I imagine anyone who remembers England pre-1960 must also still grieve for what has been lost. There is no work unless you want to deliver pizzas, cut hair, serve coffee or earn minimum wage in care homes.

The windswept Scottish Island idea came from Lee Anderson, the Ultimate Bunt - "perfect for people fleeing persecution"

https://www.independent.co.uk/news/uk/politics/lee-anderson-tory-rwanda-asylum-rishi-sunak-b2451600.html

"Lti was right"

Im sure it would be a deterrent if you put a live video stream of it all on a huge screen in Calais. Leaflet people with the pictures of untreated disease occurring form people living in their own sh*t. Including pregnant women and children, We would just be making our own version of The Jungle. I dont like the rapidly growing UK population, the disappearance of our countryside, the vanishing pubs, or the schools that are full of kids who cant speak english - I dont like it anymore than LTI or you or anyone else does. But my opinion is the problem has to be fixed at the source or en route; its too late by the time they are crammed into dinghies in the channel. If someone can fix it another way then great, because the present situation is becoming unbearable for everyone.

"Build that wall"

Brix, you can see why that message was so successful for Trump, it gives the illusion of the success and protection people want so badly. It's a bit like the Tory idea of exporting the problem to another country like Rwanda, or LTI's favourite notion of using a remote god forsaken windswept island with Tents and food drops. They provide the illusion of success and give fantastic amounts of wish fulfilment, but it is completely impractical nonsense.

Hu

Less attractive yes, but we're not exactly North Korea yet are we? Not many people going there to claim asylum. Equally I suppose we could behave more like Poland, but what are we supposed to do, build a wall around the South East coast?

Stp

"keep the Germans out in WW II" - the rules of engagement are very clear in war. It is much harder to refuse entry to someone who is claiming to be escaping from tyranny. Even if we left every piece of legislation including the international convention on human rights, people would still try to come. The only way to stop them is to make the country a really unattractive place to live and work and that will not happen. Governments need to be less condemning of migrants and concern themselves with international cooperation to resolve the causes of migration. Much harder to achieve that, because as it calls for grown up politicians who will accept compromises risk unpopularity and help people have choices whether to stay or leave. Instead, it's much easier to just panic and shout "stop the boats" as we saw from the last shower. That has fed into inciting disenfranchised UK citizens to see migration as the cause of all ills, and attacking any visible signs of state support for them. Only now those people find themselves arrested and incarcerated while serious criminals are released to make room in the prisons. Not really as simple as eighty years ago, with one country invading others and us trying to defend a tiny island and then joining with allies to liberate occupied countries.

"Hes always right 67S"

I know, it's his unique selling point. And a bit of a rarity on a board like this.

"wish to split hairs"

he's right, its 57p. stil a bit lower than our finish.

Seany

https://www.hl.co.uk/shares/shares-search-results/l/lloyds-banking-group-plc-adr-repr-4-ord-10p

shorts on close bros is a story from this site, on close bros chat board so it must be true :) also see https://shorttracker.co.uk/company/GB0007668071/

"a good rub by the wifeeee" you lucky boy

Seany

Yes fair enough, Im interested in others views on this as well. Lloyds are currently 8.5% down in the states, roughly equates to about 56p here, the price might have flatlined by now. I dont share your optimism over the budget, banks are an easy target and hiking CGT isn't going to help Lloyds. In fact, there isn't anything good for them up Reeves sleeve, unless Im missing it. I don't imagine will see a recovery Monday morning either. I am very pessimistic about Lloyds as its been such a very frustrating share to own. So many times this has happened, it looks like its coming good and then investors get an almighty kick in the nuts that takes an age to recover from. I might be wrong though. I did bag a few Close Bros at 281.89 though, just a few for a gamble. 25% is a very big drop in one day and Id be surprised if I dont make money on them in the long run. Shorters think it has further to drop.

Seany

Why do you think it is poor? Another month at this level and the money is all gone. A bit of restraint might be a good idea. After all, the price never stopped falling today and it might still have further to drop. And theres more trouble ahead in the socialists budget next week. If it ends up nearer 50p, todays caution will seem very wise.

"looks good for a 4:29 punt"

hi, yes I bought in at 281.89 just before the bell. I have never held this share before. I have a lot in financials already but couldn't resist a gamble. I figure it will work out OK in the long term.

"PPI started as a small provision and just ballooned, this will do the same"

Jaymogs gets it. STP doesnt seem to.

"675, keep a cool head please!"

I've not done anything rash thanks, other than wonder if £450M is enough? Still a sh*tty drop today though and it has shown no sign of bottoming out yet.