Member Info for 67Sam

Lti

"pathetic really"

It does seem odd to me, such aggression so personally aimed at one individual on a chat forum. I can only surmise Lloyds relevance zero, ego relevance 100%.

Load of nonsense.

"We all know..."

That's not for you to say Hardup. You can claim sixteen endorsements so far, but no-one speaks for everyone.

Lti

"That takes into account inflation - 3.5 times increase in real terms."

Ah yes, thanks. Funny to think of what "in real terms means". A state pension in 1980 was £1,411.80, now seven and a half times as much. £1411.80 in 1980 is £8,513, inflation adjusted for today, six times as much as in 1980. Makes 3.5 times in real terms a staggering multiple.

AlanS

"Or their children might just move out of council or rental properties into the homes the baby boomers leave thus freeing up much needed housing"

At current house prices, nearly all the stock freed up from boomers will be subject to some pretty big inheritance tax. Unless they leave cash as well, I doubt that any of their children will move straight in from a council house or rental position.

It interested me that this is about to occur, and I can only guess the effect on the market that will happen when a lot of large properties end up being sold for the first time in years. I imagine they will not be purchased easily by families at current price levels. More likely subdivided into flats with extra homes built in their gardens. Boomers have the wealth and that tends to be reflected in high end properties. Not sure the next generation is ready to snap them up and carry out big refurbs at these prices.

Brix

"Sooner the divi in my hand than a buyback in the Bush !"

Continually reducing shares in circulation year on year, thats the secret of a big bush.

I think the SP will rise eventually.

Gaz

"Baby Boomers: Baby boomers were born between 1946 and 1964. They're currently between 57-75 years old"

You mean they're currently between 59 -77 years old.

I'm Generation X, 1965 onwards. Please dont blur me into the boomers :)

"Average price Lloyds buyback ? And we're at 44.975"

Average price paid has reduced by nearly 5p since first purchase. We still have nearly £750M to spend. I'm happy to see UBS buying at 45p, instead of 65p. I think the SP will rise eventually.

"Since 1980, UK house prices have increased a staggering three and a half times"

In my experience, living in the Southwest since 1980, house prices have increased about ten times, based on a 2 bed terrace being well under £30k in 1980 and now nearer £300k.

Other regions will have higher and lower price changes than this, but 3.5 x 1980's prices seems a very low estimate to me. I dont understand where the 3.5 x figure came from.

"Lloyds investors got another 2 years SP going sideways"

yes i think i agree with that. the other issue this week is that id guess the impact of the dam attack in ukraine on next years crops will be felt in even higher food prices in uk next year

"It's like a 1970s USSR bread queue"

Except there are fewer people wearing hats. And when you get to the front of the queue, it's free. If you're still alive.

"we need to put aside our envy, self-loathing, and bitterness"

and our previous experience of Americans

Mmmm quick Trillion $ debt comparison

USA $30.11T

France $3.14T

UK $2.70T

What price do you put on having to live with Americans though?

Stef

"Only 12m in the last two trading days at these levels is dissappointing"

We are nearly two thirds through with six months left. I assume they are betting the decline in the sp will continue. If that scenario plays out, the last two days restraint will look very wise. More shares, lower average cost; UBS driver has balls of steel.

"hit the pause button on Sarah Lowther"

You're right it autostarts on each refresh. I turned the sound off in the video pop up, that seems to mute her permanently. Then scroll her out of sight each time.

Bert

"I think this may be against the law."

Maybe. They seem to be using "legitimate interest", ie you were here for this so we will show you that.

I unticked all those, resaved and hit the pause button on Sarah Lowther, which for me turns an unusable site into a just about bearable one. It does make my Mac get quite hot if I leave the LSE tab open and run excel.

Bert

"Fed up of the intrusive adds now coming with LSE boards"

follow the advice from Kris below, it makes a big difference

They have done well to reduce the average cost down to £0.4743. Unless the SP jumps upwards very soon, (and it's hard to see why it would), we will easily be over the 4B mark by completion.

"There would be zero bleating from inheritors had values hardly appreciated since the taking out of a sam and death."

Unlikely to happen over a 25 year time period, so thats not much of a silver lining. I suppose the other clue is they were not regulated products so I also hope it is no legacy risk to Lloyds. Set for trial next January, so we will find out.

"The FT reports that value of the claims could be as much as £50m. Teacher Stern’s case alleges that the mortgages were “fundamentally unsuitable” for consumers and “inherently unfair” under the terms of the Consumer Credit Act 1974. Teacher Stern also led an action against Barclays on behalf of 37 borrowers who took out shared appreciation mortgages around the same time. The law firm negotiated an out-of-court settlement with Barclays on behalf of the homeowners in June" https://www.mortgagesolutions.co.uk/news/2021/09/06/shared-appreciation-homeowners-sue-lloyds-banking-group/

Why settle out of court if it's a non-story? I think there will be a cost attached to this.

Hu

"Looks similar to Equity Release mortgages"

I thought most of those are just for a fixed sum, at time of valuation to be repaid on death? These are asking for 75% of the increase in value since 1998. I dont know if thats instead of interest paid during the loan, or as well. Just seems extortionate to me, whether people were advised or not.

"sold by BoC"

typo, sold by BoS