Member Info for 67Sam

"response to an idiotic init remark :-)"

Thanks, thats a relief, I was concerned for a minute there. I suppose you could also say Ireland renationalised some of their housing stock from 1919-1923 without compensation (or at least the great Country houses where the English lived). Unfortunately they had to burn them down first to get the English out, but it was still a very effective way of restoring rightful ownership.

"Simple, nationalise without compensation :-)"

I think they got away with that in Libya at one time, but can you see people sitting by without protest at that kind of state theft of property and wealth?

"I’d sort these landlord feckers out immediately"

On the edge of my seat to hear how you are going to do this Carllt.

So far you constantly blame Banks and Landlords and denigrate people not born in the UK. Is there anything more sophisticated than that in your plan to "sort things immediately"? How will you ensure more housing to better standards is made available, where people need it and at a price they can afford? How will you do this?

Or is this just more of the same rubbish from you?

"terrific value - NOT"

Well, this is thread about the buyback, and my view is that we will have had excellent value from it by reducing 4.3B plus shares from £2B.

Would you be happier if next time we buy back fewer shares at higher prices?

"4.3 Billion target 99.99% certain"

Yes, it's very likely. Great to see the av. price paid moving down again, now 46.254p. There must have been others buying today as well, but I cant imagine any significant rises occurring that would mean less than 4.3B completed. Hopefully we may get even more.

Yes I'm also hoping for 0.5% but expecting 0.25%

"deeply sad little man"

bigoted right wing smart ****, with popcorn.

"Before covid 65p all day long"

I purchased my first holding in Lloyds on 06/07/2016. I paid 47.24 per share.

H dog

great to see posts of this standard, thank you

"I suspect that provisions would have been overstated at this stage based on their picture of how things stand."

Im sure that is what happened previously, causing a sizeable write back when those losses didn't materialise. Why is that idiotic?

Jcb

"Now we know why buybacks stopped UBS knew this would fall"

I dont think they had absolute certainty, no, but it seems a prudent decision given the now traditional drop on results day. Of course most investors paying attention to previous results days could also have anticipated the likelihood of the same thing happening again, were they not satisfied to stay in for the long run.

Hardup

just noticed they have kicked off again.

15 mins to climb from a 5% loss then!

It's a pity in some ways that all Lloyds are willing to risk is a partnership with developers to accelerate new builds for successful middle classes; they show no interest in building social housing. This has gradually been replaced with small numbers of "affordable housing" units, well beyond the limit payable by Housing Benefit. Perhaps I should be glad as a shareholder but as they tout themselves as "helping Britain prosper" I have to wonder if thats any more than a headline. Temporary accommodation saves death from exposure, but is not a home; long term reliance will lead to poor physical and mental health.

I think it took four days to move a cash isa from lloyds to skipton earlier this year. i put it down to the due diligence required when opening a new account, maybe its quicker if you transferring in to an existing one? By comparison, Shawbrook take longer, 15 days for a cash isa, and 30 days for stocks and shares.

"He struggles with just about everything"

He does come across as more than a bit uptight. I'm not sure that share ownership suits him.

Mick b

fair shout, 54.33p - barely affects the percentage compared to today though, call it 16% if you like.

gu

"The man has a point"

The man thinks todays price is 30% lower than any time in the last year. I think the man struggles with percentages.

"What about it being down from 89 almost half its value."

What about 89p being a short lived spike in May 2015? It was the highest it ever reached, over more than the last ten years . You are grasping at straws.

"What about the SP being down 30% from year high???"

I dont recall the SP closing higher than 53.87 this year, which is 15% above its current price. Where are you getting 30% from? The last time it was 30% higher was start of January 2020, ie 60p pre-pandemic.

"Banks shouldn't have to justify their interest rates any more than Tesco's should have to justify their Hobnobs"

Absolutely agree. It's also true that Lloyds have made huge increases to their savings rate since the banks had a "bit of a talking to" . And they made it easier to renew accounts on line. Plus a one year bond at 5.45% is competitive https://www.lloydsbank.com/savings/online-fixed-bonds.html