George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
The likes of Persimmon (PSN) and Taylor Wimpey (TW.) have pulled back on development in order to safeguard existing profitability, resulting in lower forward order books for both than in 2022. Meanwhile, high-end housebuilder Berkeley (BKG) has stopped building entirely. It ostensibly blames restrictive planning regulations, but the laws of supply and demand are almost always the real drivers behind housebuilders’ actions.
https://www.investorschronicle.co.uk/news/2024/02/01/ftse-350-review-the-best-value-housebuilders-in-a-cheap-industry/
The likes of Persimmon (PSN) and Taylor Wimpey (TW.) have pulled back on development in order to safeguard existing profitability, resulting in lower forward order books for both than in 2022. Meanwhile, high-end housebuilder Berkeley (BKG) has stopped building entirely. It ostensibly blames restrictive planning regulations, but the laws of supply and demand are almost always the real drivers behind housebuilders’ actions.
https://www.investorschronicle.co.uk/news/2024/02/01/ftse-350-review-the-best-value-housebuilders-in-a-cheap-industry/
"Buybacks are for life, a one of special is just for Christmas" -
I tend to agree at the moment, but . . .
* They take so long - @ current SP 10+ yrs to halve the total voting rights?
* Self defeating - as total voting rights reduce the SP will ultimately rise - reducing the buyback quantity - defeating the objective
STP
Unearned income - IMO fair and reasonable it should be sensibly taxed - I'm sure those in the privileged position to be affected by dividend taxation are happy in the knowledge they are helping to rebuild our post Covid society
Starting to see where you're coming from, sorry to disappoint, I'm not a bitter and twisted 'envy driven' lefty like many in The Labour Party
Ah - Where would The Labour Party be without it's stock-in-trade - envy and jealously, lol lol lol
MV - If we are collectively dumb enough to vote Labour in, I'll need to adjust my investment strategy,
ie take full advantage of the usual reckless spending boom (2-3yrs), then get out before the inevitable Labour Economic collapse (yr4)
STP -
The measure reduces the tax-free allowance for dividend income (the ‘Dividend Allowance’) from £2,000 to £1,000 from 6 April 2023 and then to £500 from 6 April 2024 for individuals who receive dividend income.
Policy objective
This policy supports the government’s objective of putting the public finances on a sustainable path in a way that is fair, with everyone contributing a little and those on the highest incomes taking on a larger burden.
https://www.gov.uk/government/publications/reduction-of-the-dividend-allowance/income-tax-reducing-the-dividend-allowance
STP - Question, why do you ask? Are you suggesting Labour wouldn't have done the same (or worse?), As the Country has just come through a very difficult time, huge sums spent on protecting businesses and jobs, it's understandable a responsible Gov. would look to raise income from those best placed to pay,
If your question is who would I trust to manage taxation after the General Election, My answer certainly wouldn't be The Labour Party lol lol lol lol
“until Labour crash the economy”
While I understand it's the current trend is to 'knock' the Gov. in power, It's really difficult for me to imagine the vast majority of sensible voters would inflict such an 'act of self harm' on themselves as to elect the Labour Party into power
Surely collectively, we're not that dumb???
Waspi Women - The Ombudsman has recommended those affected should receive £1,000 to £2,950 in compensation??? - could cost hard-working taxpayer £3.5 to £10.5billion - a bit worrying for the incoming Gov.
Meanwhile, during the same period, men born in the 1950's were forced to work till 65+ and will receive nothing!!!
Any way we can claim back money from those who were able to retire at just 60?
https://www.thisismoney.co.uk/money/pensions/article-13222927/Victory-WASPI-women-Ombudsman-compensation-scheme.html
Poverty reducing?
https://trustforlondon.org.uk/data/poverty-over-time/
Started this fantasy portfolio in 2016 to challenge various poster's perception that lloy is 'the worst share ever', 'better else where' or a 'dire share',
8th Oct 2016 I invited wl/newchurch to choose an alternative ftse 100 company, so I could run a comparison, since 2016 others have been added
~~~ On 8th Oct 2016 - - 1000 quid bought 206 BP. shares & 1905 lloy shares
Today's value, BP. 206@499 =£1028 v lloy 1905@52 =£991
~~~ In April 2017 invest4life suggested I add glencore - - on 22-4-17 - 1000 quid bought 335 glen shares & 1553 lloy shares
Today's value, glen 335@429 =£1437 v lloy 1553@52 =£808
~~~ In July 2017 nucky suggested I add rbs/natwest - - on 12-7-17 1000 quid bought 384 NWG & 1512 Lloy
Today's value, NWG 384@261 =£1002 v Lloy 1512@52 =£786
~~~ In July 2017 utrickytrees asked that I add barc - - on 30-7-17 1000 quid bought 479 barc & 1504 lloy
Today's value barc 479@181 =£867 v lloy 1504@52 = £782
~~~ In Sept 2018 motley fool recommended diageo over lloyds - - on 9-9-18 1000 quid bought 37.3 DGE & 1704 lloy
Today's value, DGE 37.3@2901 =£1082 v lloy 1704@52 =£886
~~~ In April 2020 theosus asked that I add circassia - - on 14-4-20 £1000 bought 3891 cir/niox & 3058 lloy
Today's value, niox 3891@66 =£2568 v lloy 3058@52 =£1590
~~~ In April 2020 theboard asked that I add rollsroyce - - on 25-4-20 £1000 bought 322 RR. (post 10for3ri 1073) & 3367 lloy
Today's value, RR. 1073@420 =£4507 v lloy 3367@52 =£1751
~~~ This week's observation - Uppy week for bank(but new gaps), Russia/Ukraine/Israel/Hamas hostilities rattle on - cost of living continues to bite, strikes strikes strikes, same old same old lol
A very basic comparison that does not include divi yield, IMO those still suggesting lloy is 'the worst share ever' or a 'dire share' should maybe consider premium bonds?
~~~ 1st real deal, 30-3-20 i bought 15,000 lloy @ 33.606 = £5040
Current value - lloy 15000 @52 = £7800 = +55% over ~48 months
~~~ 2nd real deal, 4-3-22 i bought 8,500 lloy @ 44 = £3740
Current value - lloy 8500 @52 = £4420 = +18% over ~24 months
~~~ 3rd real deal, 13-6-22 i bought 11,500 lloy @ 42.66 = £4940
Current value - lloy 11500 @52 = £5980 = +21% over ~21 months
~~~ 5th real deal, 4-5-23 i bought 30,000 lloy @ 46.24 = £13872
Current value - lloy 30,000 @52 = £15600 = +12% over ~42wks
~~~4th & 6th real deals sold at profit - details in previous posts ~~~
~~~ 7th real deal, 3-10-23 i bought 25,000 lloy@42.9 = £10725
Current value - lloy 25,000@52 = £13000 = +21% over ~25wk
~~~ 8th real deal, 20-10-23 i bought 28,000 lloy@41.8 = £11700
Current value - lloy 28,000@52 = £14560 = +24% in ~21wk
~~~ 9th real deal, 27-11-23 i bought 10,000 lloy@42.3 = £4229
Current value - lloy 10,000@52 = £5200 = +23.% in 16wk
The case for Special divi's
Thanks to the buyback program, Share in circulation has dropped below 63.5bn
2023 final 1.84 + 2024 interim 0.92 = total 2.76p x ~63.5bn = ~£1.75bn
2024 = Buyback £2bn
£1.75bn divis + £2bn buybacks = ~£3.75bn
Lloy 2023 Post Tax Profit ~£5.5bn
C'mon Lloy - it's time to address the Divi v Buybacks imbalance - Restart the 'Special Divi's'
Key dates over the coming weeks/months -
Lloy Ex Divi - 11th April
Lloy Q1 - 24th April
Local elections - 2nd May
London Mayor election - 2nd May
Lloy AGM - 16th May
Lloy divi pay day - 21st May
Lloy H1 results - 25th July
Lloy interim pay day - Sept?
Lloy Q3 - 23rd Oct
US election - 5th Nov
UK GE - Jan 2025?
Labours Economic Collapse 2029?
Lloy 51.3p gap closed, new gap @253.8p on NWG
Gap watch Lloy - Current SP - 52.18p
20th-21st Mar 24 - 50.23p
9th-10th Mar 23 - 51.3p - closed
21st-24th Feb 20 - 55.17p
10th-13th Jan 20 - 60.1p
23rd-24th Jun 16 - 71.1p
27th-28th Oct 15 - 77.1p
~~~~~~~
Gap watch Barc - Current SP - 180.8p
2nd-3rd Nov 23 - 133.4p
19th-20th Feb 24 - 150.46p
20th-21st Mar 23 - 175.98p
9th-10th Feb 23 - 189.56p
11th-12th Aug 15 - 278p
~~~~~~~
Gap watch NWG - Current SP - 261.1p
2nd-3rd Nov 23 - 182.35p
20th-21st Mar 23 - 246.6p
13th-14th March 24 - 250.6p
21st-22nd March 24 - 253.8p New gap
9th-10th Mar 23 - 289.9p
23rd-24th Feb 11 - 471p
11th-12th Dec 08 - 648p
Based on LSE tech chart --- https://www.investopedia.com/articles/trading/05/playinggaps.asp --- https://allstarcharts.com/gaps-need-filled/
March 2023 gap @ 51.3p closed today - Where next for Lloy? down to the 50.23p gap or onwards to the 55.17p gap?
Gap watch Lloy
20th-21st Mar 24 - 50.23p
9th-10th Mar 23 - 51.3p - closed
21st-24th Feb 20 - 55.17p
10th-13th Jan 20 - 60.1p
23rd-24th Jun 16 - 71.1p
27th-28th Oct 15 - 77.1p