Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Gate13Boy .. I've been hoarding Lloyds since the crash, hoping they will look after me in retirement.
Discovered Etoro and PLAY the market with a much smaller fund, you can 'borrow' via leverages (X5 X10 X20) on 'Sell'options.
I would never advise this as a form of trading, 60% and above lose money as hopefully many on this board will understand the risks. It's gambling, only gamble what you can comfortably afford to lose.
Colti .. that is a difficult one, there are a few ways the market could interpret the outcome of the drama played out yesterday .
I hedged my bets on Friday with some short selling based on the deal not being approved and the disappointment of yet more uncertainty rolling on to next week and beyond. We have a deal on the table but effectively it is useless until backed by parliament. The EU could walk away, although that is never going to happen for a plethora of reasons but the market will probably factor in the threat and the SP will most likely open lower, not think dramatically lower, I'm guessing we will see 56-57p at some point this week. I see all this hoo ha as a perfect opportunity to add to your portfolio and possibly reduce averages.
Commons pass the bill 329 to 300
No shock there.
Now over to the Lords
BJ's second parliamentary vote, second defeat.
So we are not leaving on the 31st October unless BJ miraculously secures a deal with the EU by then.
Mick-B "I doubt ROI would want NI without huge Westminster subsidies"
I'd disagree, it would be most republicans dreams come through.
The Irish have never forgotten their struggles with the British for independence, they would take a bit of financial hardship for the return of the 6 counties. I wouldn't under estimate the strength of feeling in Eire. The EU would shoulder some of the burden.
Mick-B "The Irish border will end up along the Irish sea ..
But the DUP will be irrelevant .....with a GE soon
Boris and Brexiteers don't care about NI...far too costly!!"
I wouldn't write off the DUP as irrelevant, although they only have 10 or so MP's in parliament they are the only NI voice at Westminister, as Sinn Fein have not taken up their seats. The DUP represent 48% of NI population and do not want to be treated differently to the rest of the UK so regardless of what BJ or Brexiteers think this issue is real and cannot be fobbed off by drawing an imaginary line in the sea. Ireland reunification may be a less hostile option but that must be something NI needs to decide. If we went down this route the Brexit may need to be suspended pending the outcome of any NI referendum.
I wouldn't underestimate or dismiss the role NI still plays.
Turnarounds - depends on your investment strategy.
Agree, Lloyds has been disappointing of late if you are looking for a quick return however there are a lot of investors who see the current situation as a good buying opportunity. Some people live off the dividends so share dips are not as concerning. AMD do not pay dividends so not as attractive as Lloyds for those in it for the long term.
"This is going further south with a no deal"
Hopefully not, could work out a mistake hoping to get back in at 45p
All 'Bluster' from Boris, does he really want to leave a legacy of screwing up the economy, my belief is that his 'wiser advisers' will find a solution which satisfies the EU.
Betterupthandown- the opening SP is due to ex-dividend, Brexit has mostly been priced in. FTSE is positive so hopefully we will see a slight SP recovery today. Lloyds represents great value at this SP so if we get some positive macro news then we should see an upward trend.
Although slightly worried about future margins as central banks have started reducing interest rates.
"difficult to find good news at the moment"
Refereeing to external factors - I'm happy with Lloyds performance, I have been a dedicated investor for many many years, probably since before sarcasms became popular.
SUFCESSEX "We want as many bought back in the 40s the better Folks"
Agree, although I'm bracing myself for staying in the 40's for a while.
It is difficult to find good news at the moment so well done for highlighting something positive.
I try to be positive but there are so many external factors hammering equities at the moment.
My money would be on TUI to hit the deck first.
When the money returns Lloyds will certainly have have the edge.
Farewell for now Mustard, I have held Lloyds for a similar amount of time but have decided to cling on. I have thrown away charts and analyst recommendations and gone back to foolish gut feel ..
*there is still a chance of a deal, who really wants a no deal. Ok, are are some but how many of them will be immediately impacted should it all go wrong.
*Lloyds fundamentals are still strong with an improving yeild aided by a reasonable buyback programme.
*Yes it looks like we are heading for a global downturn but fund managers will soon start to look for value and good returns.
*A hint of deal will make UK stocks look attractive, particularly as the pound continues to slide.
*US stocks needed to cool after the surge in July
*Traders will start returning to their desks over the next few weeks and look for value stocks.
You can probably tell the past few weeks have hurt.
I follow LTI amongst others, rely of them for a realistic take on what is going on.
.78p for me A1 please.
If the fundamentals of the business remain ok and we see some early signs of Brexit stability then we could go on a little run, pegged back by the usual profit taking and the odd global crisis. Rose Tinted Glasses for the over £1 club.
Who would really want to replace TM:
Boris Johnson - most probably fail the capability test, although I'd stand a good chance of getting a bike scheme in the village.
Jacob Rees Mogg - said he was not interested in the job today anyway. Slightly suspicious of his intentions.
Amber Rudd - creditable and dependable, just a little bit 'same as'
Philip Hammond - good with numbers, fairly statesman like but possibly a little too safe
David Davies - I think we've covered this one - No
Ruth Davidson - sounds no nonsense, certainly make the UK more inclusive. All the makings of a creditable candidate.
Dominic Raab - must be adrift after his disastrous previous role as Brexit saviour
TM - possibly continue to preside, she has been left with an impossible task.
Hopefully we will not a vote of no confidence, not inspirational for Lloyds SP
BB - Walking away seems to be a popular political option in the Brexit era, admittedly it's fairly easy to do if you have options.
Unfortunately those at risk in our Manufacturing and Farming industries for example just have to grind it out and hope for the best.
BB - Always have been a firm believer that the fundamentals could give support all the way to 70p+ but fundamentals seem totally trumped by market sentiment. Lloyds UK exposure makes it an easy target for adverse BREXIT news. Whatever the Deal/No Deal outcome Lloyds will still be around making money in the UK.
Perfect time to make money if you have any left. I'll sit this wave out until someone starts counting votes in the Commons.
Meanwhile, lets continue looking around for people to blame ..
I've got a list, it's fairly long
Who can really tell how this farce will play out.
Spare a thought for those in constituencies who are depending on a Deal, ironically as it transpires some of which voted to Leave. Might be too late for them to wait for a new saviour.
On a more selfish note, sub 50p for once seems a reality as this mess continues to unravel
£39bn sounds a lot doesn't it but we need to deduct the value of the loss of trade with the EU. Sceptics show the £39bn eliminated by loss of trade, if so, there is nothing left to increase our investment in the likes NHS, Housing, Police, or indeed new car plants.
We'll find new markets but the first part of the journey will be bumpy
Reality is that demand for UK manufactured cars could increase as pound plummets but the danger is that some of the current manufactures could chose to move operations to the EU - they certainly have no longer have any loyalty to remain the UK.
TM will need 320 supporters in the Commons to get the Deal through, this requires support from ...
Every Conservative (UNLIKELY - considering the closeness of the required 48 letters and other disgruntled conservatives)
The DUP - even more unlikely considering there main objective was not to see NI treated differently to the rest of the UK.
Some Labour sympathisers - unlikely when you see ruling party on its knees.
Amending the deal unlikely considering the possible concessions on both sides.
A second referendum seems even more farcical. Fasten your seat belts as we head for a NO DEAL.
Not Lloyds fault, the fundamentals are good, not even TM's fault, who could have done better job? Leaders who were inspirational on the LEAVE campaign seemed frightened to finish the job, although no discredit to Boris, he chose to stay and fight.
Feel sorry for the jobs and livelihoods who were hoping for a better outcome.