Member Info for 67Sam

The legislation makes no real requirement on existing homeowners to carry out any works. Just a slight increase in building standards when carrying out repairs or when planning an extension.
It is not in any shape or form a planned programme of investment to improve existing domestic housing stock, coordinated to help meet net zero. So for example replacement windows will be required to perform more efficiently, but theres still no help with the cost of buying them.
Also building regs are devolved so this will only be the case in England.
Wales offered internal solid wall insulation to everyone who needed it. They understand the population health benefits from improving their housing stock.

" Some of the conversations are bonkers"
I guess it's the downside of having free access. Lately it's been a good advert for subscription only, with verified ID's.
Probably the most well aimed thread at Plato was "Bedtime for narcissists", but apparently even getting negative attention is still enough to encourage him to rejoin.

"I've been a professional and so I know not to trust them either."
When I said professional help I meant a practicing psychotherapist.
You haven't been one of those.

Goodies/Pippa/Plato/David
Are you a man pretending to be a woman again?
You have no lloyds shares. And no trust in the financial system, which suggests you want us to think you aren't even considering buying any Lloyds shares.
So wtf is that that brings you here?
Really I could understand it if it was loneliness. But what I cant fathom is how you find solace or satisfaction from being a total tit and posting nonsense to a group of people you will never meet, on a chat board relating to a share you even don't hold. I mean, how bad can things actually be?
Do you remember when your were Plato, I suggested you might need professional help, didn't I?
If you're not interested in getting that, maybe you and Carl tit could just stay on "The Tits" thread and leave everyone else alone.

interesting answers in the q and a at the end
buybacks - "theres always a debate if this beneficial, theoretically while the share price is beneath the tangible net asset value it seems to make sense and be a good use of capital... reducing the number of shares should lead to an increase in dividend per share payable going forward."
£3B investment over next three years, £4B over the next five years to increase return on equity by 2 bp but also increase capital generation of the business by 175-200 bp of capital generation per annum; suspect this will be updated at year end to reflect this years increased interest rates".
citra living - "build to let with long term aim to meet needs of customers who prefer to rent.....Something we wanted to go into on a very measured basis" "Strategic focus on this hasn't changed at all. We expect 10% fall in 2023 prices peak to trough - if we will look for properties, that provides an even more beneficial point to enter and purchase... but citra is very small in comparison to rest of portfolio."
"mergers and acquisitions need to make sense strategically and from a value perspective."
I thought this was a very competent presentation that was mostly expected and uncontroversial although the ambition to be the biggest landlord is put into more realistic context.

stage
"the bank seems to have a sound business model, operating costs under control and with a fairly decent long - term outlook"
Agree with that and looking at five years to see big gains I think. I imagine defaults will be small in comparison to NIM gains but the number of new mortgage customers will decrease as house prices fall. LLoyds seem to have a sound strategy though, and the recession will end eventually. If they do well as a landlord and come up with a better offer for older peoples money, then I'm hoping in a few years time we will look back and be laughing about 50p by Friday.

Mach
"so they can recommend their own comments and pretend it's the voice of the people"
I take the recommends as a genuine indicator, would anyone have that sad a life?
"Weird little fellas those two"
We are nearly all weird little fellas on this board. Maybe I'm naive about the multiple ID's.
It does look stupid when people reappear claiming to be new and obviously aren't.

stage
yes they do, but some stay more expensive than others.
how do you rate lloyds against your own criteria?
it seems good to me, amongst the alternatives available.
i know many want it all paid in divi right now, but i like the investments / buybacks / acquisitions too.

Gaz I think they that already.
"The reorganisation will entail spending £1 billion over the next three years on overhauling the UK bank's technology infrastructure and self-service capabilities.
The long-term strategy involves porting 20% of its applications to the cloud by 2024 and decommissioning over 15% of legacy applications.
The initiative comes after a leaked video emerged late last year of a senior Lloyds executive complaining about the age of its on-site technology describing it "not fit for purpose".

a bit more detail here
https://www.finextra.com/newsarticle/41502/lloyds-hires-ing-chief-technology-officer-ron-van-kemenade-as-coo

https://www.cityam.com/lloyds-swoops-in-for-ings-tech-leader-as-its-new-coo/

"I will not be reading any more of your riveting work"
You say this time after time, then you don't do it.

"its not funny"
No sh*t Sherlock, I wasn't joking.

"67 Sam... also fires off these challenges that have me scratching my head in that they show he has not followed things or understood things and the things he comes up with in return are hoplessly off target. That seems particularly patronising and inaccurate.

The three posts I made today so far were:
welcome back
report on mpc
comment on mpc speed in increasing rates

Now, lets see how that compares to Epro's eighteen posts so far today
The MEP's caught taking bribes from Qutar
Gateboys career
Having a go at LTI
More Gateboy career and a bit of "who's lying?"
Random solo thread loosely based on a real story of missing BTC
More of "who's lying?"
Christmas presents

The only other person I have seen post as prolifically as you is Plato.
You do not say what motivates you to suddenly arrive here and tuck your feet in so quickly. You never mention what you do for a living, your circumstances or your outlook or even why you are holding LLOY, as you keep claiming to do.
Mainly you just seem to think of yourself as top dog here and the way to maintain that is by posting incessantly, often belittling others, while trying to ingratiate yourself on those who will tolerate it.
Keep scratching your head. I am not interested in you.
But I will respond when I am slighted by you.

"MPC have been behind the curve for all of 2022"
Yes the rises have been made in baby steps. Some say last Decembers commencement of a 0.15 increase was too little and too late. Nonetheless every 2022 MPC meeting has still seen rates increase and they commented today "Inflation was expected to fall sharply from mid-2023, to some way below the 2% target in years two and three of the projection". The breadth of vote between no increase and 0.75% increase shows their individual views are quite diverse. Rates can still easily reach 4.5% by mid 23 at this pace.

2 votes for unchanged
6 votes for a 0.5% rise.
1 vote for a 0.75% rise.

"Good Morning All"
Welcome back Falky.
Glad you didn't go in the canal after all.
Hope all is well.

"Build your house on the steadfast rock of the truth"
I love a good practical answer.

"Invest your money regularly in the worst performing UK bank (by share price) over the last 12 months. The reasoning is that because we know the banks really are too big to be allowed to fail (RBS/Natwest) that this essentially acts as a guarantee of at least not losing all your money."
Biggest mistakes I have made so far are lack of diversification in sectors and countries. It doesn't sound all bad advice but not sure why a ftse 100 tracker wouldn't be better if you want a lower risk 4% return. I wouldn't want to have been in Metro. Banks haven't achieved much to shout about in the last 5 years and I still wonder if it might take another five for Lloyds to impress.

"It's my biggest holding. So far so good"
Likewise, I am OK and in profit from doubling down in the pandemic but consequently now very overweight in LLOY in my portfolio.
Three quarters of my shares are in an ISA which I hope to use to repay/reduce the mortgage in c.5+ years time. So just to be clear Im not staking my retirement income on the black horse; but it will influence exactly when that joyful moment in my life might occur.
I feel pretty good about holding right now, it's been a bumpy road since 2016. There is very good insight and advice offered on this board for inexperienced investors like myself, but inevitably it's the wheat amongst the chaff.

Card
"Hope it's ok to interrupt"
Nothing going on here to worry over.
Well done for staying and asking a question. It was just too much for Humpy.
My non expert guess is whether it's a mild and long recession or more severe will determine the level of Lloyds defaults. Either way it isn't worth me selling, unless Im forced. I feel OK about the prospects in two to three years if they make a success of being a landlord and take more of the retirement savings and investments market.
What is your purpose in holding Lloyds?