Member Info for 67Sam

"Anyone think Labour will attack inheritance tax £325/500k allowances for estate/residence?"

Yup. I do. It's not much in comparison to other tax receipts but it's growing fast with a frozen threshold and increasing property values. And the fact he's consistently refused to comment on IHT and CG increases suggests they are likely. I dont see him as an old school socialist, but yes well into his intergenerational fairness and redistribution of wealth.

"Money gives you choices, thats all"

One of those choices being the ability to help others.

"don't be gullible"

Yes, it's been a weakness of mine to be over trusting. They seemed very specific figures as well as a large holding for someone who talks incessantly here about anything but Lloyds.

I wonder how long this profile will last, or if res cogitans is his next incarnation. I sort of want to be believe he's real, as the alternative explanation would be sad beyond words.

"Good luck with your investments"

Thank you! Im a couple of years younger than you, so I may have a bit more time before cash starts calling. Hard to see L&G going below two quid, but perhaps thats newbie optimism. I figure as a long term hold, it's not too bad a time to buy. Time on my side is also why I have more appetite for LBG buybacks, as it should increase the yield if the business stays strong.

I liked Brixton's tip of NESF, its just the ever decreasing NAV that stops me buying more. Lloyds I bought first at 60-70p which is why Im so overweight now - I averaged down to low 40's by doubling down in the pandemic. 18 months ago 58p bought me just over half a kitkat. Much the same price now except they started making them smaller! Guinness is £6 a pint. I'm a bit late to start buying gold. Money gives you choices, thats all, but mainly I wish for a happy retirement and I hope the same for you.

"I like money don't you" Yes, I do too. It's not the best thing in life, but I particularly like the idea of having some when I retire. Dunno if we're quids in or not with LBG, but I don't have any plans to sell. I don't want to buy any more Lloyds though, so putting divs into LGEN at the moment, as they seem cheap. LGEN board is really quiet, by comparison to here. There are a few disappointed long term holders who show a capital loss, but most seem enthusiastic the divided will hold. Some complicated accountancy rules get discussed (that I don't really understand) with the general view that the SP might recover in a few years. One thing though, they never seem to be complaining about buybacks!

Account # 1, 101,283 shares, 63.946% up

Account #2, 22,971 shares, 122.27% up

Account #3, 33,642 shares, 27% up

My manners tend to tail off when I get exasperated, but thanks for replying. So thats not far off £100k and well in profit. Does that form a substantial chunk of your overall holdings, or are they just a minor part? For relevance, LBG is just shy of 40% of mine, which is why I am alternately very hopeful and then very dismayed. Did you acquire all these in the pandemic when prices were in the twenties and thirties? MV makes a good point when he remarks that pensions based on 100% in equities is high risk, do you also hold bonds/cash/gold etc?

STP

On Monday I asked you how many shares you held and at what average price.

YOU MADE ZERO RESPONSE

Instead, you asked me a question and I gave a detailed reply:

"No benefit at all; except I would be more convinced that you really do hold lloyds shares. That would make me less sceptical about your motives. It is curious that you post so frequently on this board, without actually being open about this. You seldom post anywhere else but its several times a day, every day, on the Lloyds board. It's a reasonable thing to ask and it seems very odd to be secretive over. Most people are fairly open about their holding, what kind of overall percentage of their investments it forms, why they keep them and whether their purpose is for income or long term gain. You have an awful lot to say, except you never talk about these things. They are matters of basic concern to all investors and it seems a fair assumption that you answers would be of wider interest, given we are in a stock specific chat room".

YOU MADE ZERO RESPONSE

Today:

"If we could also get back to discussing lloyds please. My lloyds shares are part of my future pension income. That is what interests me."

LMAO You are a total imposter.

"Why would they switch it off?"

My guess is if they anticipate the share price becoming lower, they would pause the buyback. They still have plenty of time left to spend the remaining cash. I assume it is also set to increase or reduce its spend based on moving averages and also pause itself entirely in the event of a sudden price increase that is unlikely to be sustained for long. I dont have any particular info, its just a guess.

"How will you benefit from this new found knowledge?"

No benefit at all; except I would be more convinced that you really do hold lloyds shares. That would make me less sceptical about your motives. It is curious that you post so frequently on this board, without actually being open about this. You seldom post anywhere else but its several times a day, every day, on the Lloyds board. It's a reasonable thing to ask and it seems very odd to be secretive over. Most people are fairly open about their holding, what kind of overall percentage of their investments it forms, why they keep them and whether their purpose is for income or long term gain. You have an awful lot to say, except you never talk about these things. They are matters of basic concern to all investors and it seems a fair assumption that you answers would be of wider interest, given we are in a stock specific chat room.

STP "Yes, I am"

Thats half the answer to my question. The rest asked "How may shares do you hold and at what average price?"

Well thats the fastest Ive ever had a post deleted.

STP are you actually claiming to be a Lloyd's shareholder? I thought you just came here because you were lonely. How may shares do you hold and at what average price?

"Feb 2027 57bn? (-2bn?)"

If it were to be trading at £1 by Feb 2027, wouldn't that be a good outcome?

Gimp

"BUY BACKS SUCK WE WANT DIVIS"

Not everyone feels like you - I want a specific type of dividend. One thats sustainable and progressive, not just a yoyo payout in the good times, which leads to a share price crash every time it's cut. There are now less than 62B shares in issue and I look forward to that dropping further with continued buybacks. At an average price of 42.2p my shares now pay about 8% per annum. I expect that to increase to double digit returns in the coming years. I'm very happy with that.

88

"..looks to me that illegal boat landing numbers are being suppressed..."

why so? do you mean because there were a couple of days this week with zero reported?

you can see arrivals and preventions here

https://www.gov.uk/government/publications/migrants-detected-crossing-the-english-channel-in-small-boats/weekly-summary-of-small-boat-arrivals-and-preventions

I dont know where there is any info on traffickers tho.

"The average LTV on the Lloyds mortgage book is 43%"

Then we can conclude the material risk of repo's to Lloyds is not that significant.

"A property repossession does not = a loss to the lender"

My guess is that depends on the amount owing including arrears, versus the sale price achieved, usually at auction, minus legal fees and operational costs and sale fees. For older mortgages I'd assume there would be plenty of equity to absorb these costs, but for a house purchased a year ago on a 90% loan, I would think its borderline.

Figures here suggest it's a bit lower than that; residential and buy to let total 10,534,512, the bulk of them on fixed rates.

https://www.ukfinance.org.uk/news-and-insight/press-release/uk-finance-mortgage-data

Nonetheless, thats a very helpful perspective. If the latest rate continued for the year then it would represent 2 in every 1000 mortgages repossessed.

Thanks very much, Ill get my coat :)

"...mortgage possession claims made by lenders in the county courts reached 5,343 in the three months to the end of June, up 34% on a year earlier, to hit the highest level since the first quarter of 2019".

I was surprised to read this and imagine Lloyds are less affected, having a good quality loan book and recently setting much less aside for bad debts than in previous quarters.

https://www.theguardian.com/money/article/2024/aug/08/repossession-claims-english-welsh-courts-highest-in-five-years

Bloo

Thousands of people on the street does not make a riot. The hallmark of a riot is violent disorder - where did that happen last night?