Member Info for 67Sam

Mach
"There's absolutely ZERO, I repeat, ZERO logic to supporting this current gov other than sheer ideological dogma."
Have to say I agree with that. Borrowing money to pay for tax cuts that disproportionately benefit the rich is indefensible in my view. I suppose it IS logical if you are already well off and your priority is you want to get richer.
Gate
"I don't actually believe Truss and KK expected the market reaction to last week's announcement."
I think they cared more about the Conservative Party endorsement than the market reaction. Personally speaking, I don't think these two are putting the country first.
"I still believe it's the right course and time will tell."
Fair enough, everyone has the right to conviction beliefs and yes, in time we will see the outcome. We have already seen the initial global reaction, as Mach has pointed out.

suf
we will pass the point where 4,000,000,000 shares have been bought back tomorrow
:)

prop
616,132,324 volume traded today showing on HL
Only 15% of this was repurchased by Morgan Stanley.
There were more than five times as many shares sold to other buyers.

"I'm hoping we will have purchased even more than the 87M we did yesterday".
Bingo
94,502,386 @ 41.82

prop
"I think the buy back is the only thing propping up this share at the moment."
They are limited to buying 25% of volume each day, it is one very important part of propping it up but there are three times as many more shares being bought by others. It only really started buying again in significant volumes on Tuesday when the sp fell back to near their average cost so far - so it's hardly been a prop at all in recent weeks.
Volume is 441,000,0000 already today and theres an hour and a half left. Im hoping we will have purchased even more than the 87M we did yesterday. There is still a mathematical possibility of 4.5B shares in total (using hardups figures) - if the price doesn't recover from here in the next few weeks.

ccp
"The joker who voted for a 25bps hike should be made to go on tv and defend his position once he's put his crack pipe down."
"43: One member preferred a 0.25 percentage point increase in Bank Rate to 2% at this meeting. For this member, recent data outturns had suggested that activity was already weakening, and the risks of second-round effects from near-term inflation were falling. On the latter, higher-than-expected services price inflation could reflect energy price or base effects in some sectors that would not persist, and wage growth across services sectors had been negatively correlated with producer price inflation in recent quarters. Set against that, there could be further pressures of demand on supply in the medium term, including from expected fiscal policy. On balance, for this member, an increase of 0.25 percentage points was appropriate at this time, although the member had also considered the case for an increase of 0.5 percentage points."
MPC Minutes 21 Sept 22

hardup
"Thursday 3rd November, not next Monday".
Agreed. Very careless of me to have lost all of October.

Prop
"Going to be an interesting week."
I think the MPC chose wisely to keep any changes to the planned committee date. It's next Monday after all.

30,346,758 @ 44.66p
back in the room

30,346,758 @ 44.66p

Skier
"The state will even give them free electricity this winter."
Thats juts a blatant lie and you know it.
Everyone will get some help with their energy bills.

MV
"Every person on this board knows someone as we once said who is "swinging the lead" on the disability circuit."
Yes, I do. I also know people who are dependent on PIP and genuinely incapable of working. A few try and jump on who are "swinging the lead". But it doesn't undermine the importance of support being there for those who have to rely on it. Seagulls will always follow trawlers.

MV
"Do you really feel you are in the right company here"
There are other websites you may be more interested in if your main reason for posting is because you hold nationalist views rather than Lloyds shares.

MV
"Do you really feel you are in the right company here"
Assuming the majority here hold Lloyds, then the answer is yes.
It doesn't mean I have the same moral or political values as others, or that I like or dislike everyones or anyones particular posts. It just means I hold the same investment.
I would expect to feel closer in my views to some more than others, whether on a chat forum, in a bus queue, or talking to a cabbie.

MV
" just a champagne socialist?"
Im a beer drinking environmentalist, please take note.
I don't earn a high salary but I have somewhere to live, a chance to own it eventually, and most importantly I feel OK about what I do.
I don't fancy giving up all my time just to try and live on £10.90 an hour.

Skier
"Nothing wrong with a hard days work"
It's probably the best thing that could ever be done for someones mental health. The value reduces if all you have done is serve falafel for ten hours; the thought of going back the next day isn't something that fills you with ambition.
Fine if you are acquiring real skill in a trade or pursuing a route to a professional qualification so that every day at work is something you build on, that would be motivating to most people. £10.90 an hour is OK for an apprenticeship when you can anticipate you are building a career in a few years. It's not OK for a career in itself and it isn't just paid to entry level workers.

" rich people create jobs"
Yes, investment creates jobs, but they are often low paid easily replaceable no hope jobs that are only designed to make bigger profits for the investors.
People don't like it so much now.
Most people feel better about themselves if they serve or contribute in some way to wider society. But getting up at 6.30 and making rich people richer by providing labour at £10.90 per hour doesn't feel that attractive to me.

Two years ago today the SP closed at 24.24p.
We have seen more than a 90% increase since then.

MV
"the Labour party let to many immigrants in, your parties Home Secretary at the time ."

Come on MV keep up, I don't agree with your comment but amore to the point I have told you several times Im not a Labour voter. There is more to life than the two tired old parties. Just because I don't trust Tories you seem to automatically enrol me in Labour. You're wrong.

Were down 3.62%, but we bought nine shares back.
yee hah

MV
"those doing the lying are just chancers, full of their own arrogance"
Agreed - at least we have common ground on the tories then.
" peoples from the sub-continent were fighting each other in one of our cities"
It was British people in Leicester bud, you got to get over this immigrant shaming thing.

And I feel confident Charles will be a force for good, and go much further with constitutional reform than has been possible throughout QE2's long reign. Monarchy has to change but so does Parliament.