Member Info for 67Sam

MMan
"Its just another bandwagon people are jumping onto because the bbc say we need it"
I don't really understand your point. The ULEZ was required by Central Government because of illegal levels of air pollution and Bristol dragged its heels for as long as possible to delay it. For every alleged woke there is at least one fervent Clarkson type wedded to their car who also has a van for the weekends. Walk up Maudlin Street past the Bristol Royal Infirmary and then you will see why we need a ULEZ.
In terms of "disadvantaging others" it's the people who live in the most polluted places who are usually on the lowest incomes and have the poorest health outcomes.

MMan
" have friends who daunt have much money and dont have any more money to buy another car."
Re ULEZ there are grants they can apply for to help the cost - it is only the oldest most polluting cars that are charged.
All cars are limited life and have to be replaced at some point. I think you friends are unlucky but it's the majority that benefit. A Euro Class 4 petrol is not a very high requirement, most petrol cars that are post 2005 registrations meet this standard. Pre 2010 diesels may struggle but take a look at what comes out of the tailpipe.
The one thing I cant walk to is a bank, as both local HSBC branches have closed or are just glorified cashpoints without staffed counters. Lloyds has one branch remaining.

lurk - yes Harbourside is a jumped up white mans yacht fiesta. But it helped saved the harbour from destruction by planners and there's plenty of better alternatives than that if you want a festival.

brix - kerb crawling is actually an offence now, though normally tried in magistrates courts as less serious offence.

"I genuinely don't know how you people manage to put your trousers on in the morning."
Lol, yes it can be a struggle. Thats because I have a bad back though.
Living in a City means I am very pro LTN's - https://liveablebristol.org.uk
Music Man yes there will be a need for some business to adapt, but it's a small thing compared to the increased benefit to people who live there.
I also support the ULEZ thats finally been implemented, although the auto number plate recognition is still a bit wonky.
I rarely drive a care unless leaving the City. Having all my amenities within a 15-30 minutes walk hasn't resulted in me feeling controlled, it adds to my sense of freedom.

"Carltt" -Someone who has no Lloyds shares, and has no interest in buying any lloyds shares, but still has nothing better to do than post inane comments on a lloyds chat forum.

"actually shown the proof"
Some people truly are as thick as s h i t.
Carlt, let's hope you're never summoned to be a juror.

"Historical PROOF of Lloyds SP:
Over 500p in 1999…. oh dear!"

If you'd bothered to read the thread you would have seen it was about the last ten years of LBG.
Lloyds TSB in 1999 is irrelevant.
Oh dear.

"This stock is exactly where it was 10 years ago when I first owned it (while also working there). It did well after the privatisation in a bullish market but for about 7 years it has done nothing else than going down."
It paid back a shed load of PPI fines (£19B?) in the last ten years. It bounced to a high of 88p in 2014. It fell to 50p during the 2016 vote, then see-sawed its way between 50p and 65p until the pandemic hit, dropping from 55p to 26p over the next half year - it wasn't alone. Since then it climbed back to 54p early 2022 and then fell on the invasion of Ukraine. Again, it wasn't alone in dropping, bounced around between 40 and 50p and now you are correct it is recently back where it was ten years ago. Except it's now paying approx 2.4p this year with good prospects to increase.
Not exactly a flat line SP and I don't think it's a "like for like" company ten years after.

"This stock is way, way under valued and this is the EXACT time to stay put."
Yes, that is my outlook on Lloyds as well. I suggest the moaners sell up and get out of Dodge.
My guess is the impetus for a significant sustained SP increase wont be very strong until after the next buyback is complete. So I would not be too disappointed if to the SP hangs between 45p and 55p until then. My guess is 2.4p this year, 2.7p for 23/24 and 3p for 2024/25. I am hopeful it will hit at least 60p by then, but I won't hold my breath.
Appreciate this is a frustrating outlook if your main reason for holding is income. I still feel positive on the prospects for Lloyds long term growth compared to many of the FTSE 100 alternatives.

https://www.ftadviser.com/mortgages/2023/02/07/lloyds-boss-says-business-case-for-buy-to-let-really-difficult/

Charle Nunn comments on the impact of increased borrowing costs and net zero commitments on buy to let customers.

Interesting to think how their insight into the challenges faced by existing customers can inform their ambition for citra living. They can take advantage of the space left by small private landlords who are exiting.

"erudite perambulations into the hitherto complex machinations"
wtf are you talking about?

"One might come to expect Lloyds to be over 80p given the FTSE at record levels."
You would be a bit of an idiot to expect Lloyds to be at 80p right now.
Quite a lot of people here are pleased to see the recent rise above fifty. Loosen up man.

hu
"Are you sure about that?"
thinking about it you right, it was a dc scheme

hi, yes it was deducted from the forecast for the new state pension, not the existing one. i hd previously opted in to pay s2p while contributing to a work db fund.

"because the new pension would be more than the old pension plus her contributions then she would not get any more"
This is correct.

dorfan
in 2015 DWP carried out a foundation assessment. I had accrued about £30 per year in serps and s2p.
This meant that my pension was forecast to be slightly below the proposed new state pension and I got uplifted by about £1. If I had accrued more than £30 in serps/s2p the higher total would have continued and been above the level of new state pension.
Anyone in a db pension probably paid insufficient into the state pension and was liable for a deduction to their forecast.
You can see it as robbery, or very clever timing to bring in a popular higher pension while absorbing a lot of existing commitments.
I would imagine existing pensioners with no serps/s2p/gmp extras, who didnt get any increase at all, might well have felt they had more to complain about.

dorf
"So there was no benefit to paying into serps in the past"
unless you accrued an amount which was more than the new state pension, in which case you still get it.
everyone else (apart from those already retired) was uplifted to the new rate whether they had paid serps or not.
So some people believe they contributed serps needlessly, others should be glad they did. Personally I think the existing pensioners took the biggest hit.

dorfan
Many people had serps contributions that took them over the amount of the new state pension award. Those people get their additional benefit preserved. Many others, myself included, had paid in to almost match the new rate, but not quite. That was absorbed instead of continuing as an additional benefit. This saved them an awful lot of money. Raising the retirement age twice since starting my career is also an issue.

S1
The differences are less extreme over the last twenty years.
https://www.statista.com/statistics/1106852/share-of-mortgage-payment-from-income-united-kingdom-first-time-buyers-and-former-owners/

7 -2
more concensus this time

"deserved a credit" oops I now see Livestock posted the link at the start