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Lloyds … what a great share. Current yield 6.4% hopefully increasing 10% a year based on buybacks and legacy issues dropping off (save for this motor finance problem). And when banks are re-rated and back in favour, we should see a 50% uplift in the share price. Hopefully the sp remains low till we get another two or three buyback through first.
This is not a share for the gamblers and short term holders.
Porsche, I’m much more comfortable to be invested in a stock market that’s regarded as one of the world’s most undervalued major markets getting decent dividends on my basket of shares than some over priced, over hipped markets dominated by the biggest eight shares paying very little.
Just cause you got your timing wrong and crystallised your losses by jumping from something cheap to overpriced US shares doesn’t mean we won’t make decent money here.
Silver
“IMO the fall triggered in October it is very much related to the middle east, particularly the deteriorating relationship between London and the Arab world and the effect that will have in who they do business with in the future.”
Very interesting point you make … but at least Abu Dhabi still seem gung ho in their bid for The Telegraph
Would be ironically if McDermott International (the CEO’s previous employer) steps in and buys PFC for a £1 after the company goes into administration. Must be some very interesting discussions going on at COP28 this week. All the players gathered under one roof.
The SFO and the shorters have forced a once great FT100 company to its knees. Hard to see a recovery from here. Legacy customers will be delaying negotiating their final account as they’ll think they’ll get a better deal from administrations … or get away paying nothing at all, new customers would be mad to sign a deal now with pfc now only to have the possibility of them going bust a few days later and funders will be very nervous. A vicious circle unfortunately becoming a self fulfilling prophecy.
Bro-ken-broker
Posts: 276
Price: 17.30
No Opinion
RE: Share suspensionToday 10:11
Not happening
Yes I agree, the shorters are working hard to prevent the shares being suspended, ie it won’t drop much more today. Thats because they have more money to make taking it down 10% every day next week. Can’t do that if the shares are suspended
Johny
I wish some others on here were as honest and straightforward as you.
As to the twats who attacked you while staying silent about the vast majority of crap posts on here, are disingenuous.
An honest mistake was made, you apologised and have made multiple posts since explaining. Bard AI is part of google so the idiot saying you should have fact checked with google is … well an idiot. You certainly opened my eyes as to how AI can be manipulated to lie. Worse still if it turns out it had mixed underlying true information together with lies. You have done a good service to us all.
Feeling the pain here too but thank goodness for Rolls Royce otherwise this would have been frugal Xmas!
Quite interesting (and worrying) that BARD AI can be manipulated in such a specific way … the mistake by the fraudster was starting as fact a PFC announcement and giving references to three articles. If they simply said ‘It is rumoured that …’ it would have been much more effective.
Save for the lies in the response, if it turns out that the underlying information is vaguely true (ie £1.5B write-off etc), what then? How did BARD generate its response? Was is some bad actor trying to cover his tracks and misdirect away from their leaks to shorters for financial reward?
Johny, you have raised a very important issue here and the implications are horrendous especially as it becomes more sophisticated. I also believe you acted in good faith throughout. Thank you for bringing to our attention
Tareq Kawash, in his first outing as a CEO (and probably his last), is clearly out of his depth.
In that recent contrived ‘interview’ (the link was posted on this board a few days back) he was not impressive, imo. His hands were not steady and his delivery was far below what would be expected of a CEO running such a large company, especially as the questions were probably provided in advance.
Hard to see a meaningful recovery in the sp from here. The shorters have driven the company into a corner limiting their options and left them at the mercy of vulture funds.(Maybe Wood Group would take it over for £1?). A stronger, more experienced CEO would have put up a better fight.
Existing shareholders will be diluted out of existence, customers will be having second thoughts on releasing any money up front for projects and potential customers will not commit to signing any new orders till this is resolved.
One possibility is a ‘mercy’ injection of capital from ADNOC to save their trusted, longstanding contractor.
My average is around £1. No point selling out now. Thank goodness for RR. and the fact I can right off my losses (when I crystallise them) here against profits elsewhere.
@confluence, it’s good to have your considered reply. So to your first point, surely the sp dropping heavily (and given this is not the first time at these levels) it is neither good or bad for you, unless you are a short term investor or day trading. It simply plays on your psychology but has little financial or tangible impact (unless you capitulate and sell your shares of course). So ‘reasonable people would agree is not a good thing’ is not applicable. Your next point is naive in regard to the sp dropping on no news and low volumes if you consider the shorters are generally experienced professional traders playing the markets (or acting on inside information, illegal, to which we can have little impact). I’m sure if we had the trading expertise we would be doing exactly the same thing. One advantage to active shorting is it gives PI the opportunity to buy in at very low prices, and I suspect you may have taken advantage of this in the past when it was in your favour but now feel aggrieved the sp is on the wrong side of your average. To your next point, how it plays out is not relevant to shorting either. So let’s say the sp is 80p , shorting is illegal and the company goes bust; compared to shorting the price down to 45p and the company goes bust. In both cases you have still lost the full value of your investment. But by your logic, you subconsciously like the shorting to alert you to the possibility of trouble and the option to sell at a loss but consciously find this manipulation abhorrent?
@ confluence, so by extrapolation you are jealous other people have bought the shares cheaper … it would be more helpful if you stated what your specific issues to shorting and how it effects you rather that using derogative emojis
Honestly the amount of energy people put into ranting and raving about shorting …. It’s all pretty pointless…. If you have bought in at say an average of 80p, the shorters take it down to 45p, you have no interest is selling at that level because you believe in the company … the share price rises to £1.20 and you sell … so what if it was shorted down to 45p in the interim. Are you jealous people were able to buy cheaper than you? If the shorters are trading on inside information and the company goes bust, does it make any difference to you if the shares were 75p or 45p when it went bust?
Wolfofwarks
ITP only applies to general insurance, not life insurance or financial services. ITP is already at 20% for some products like travel insurance etc. but is not the issue being discussed here.
The issue raised by Gary59 is, he claims it is “heavily reported” Labour is “seriously considering adding VAT to financial services”.
I am waiting for Gary59 to back up his claim.
Btw I haven’t decided who to vote for and consider them all a bunch of lying wan kers but there again voters don’t like being told the truth.
Scie
Do you know if you hold shares in your broker’s nominee account, can you transfer them out and get paper certificates? I’m with HSBC and have always had concerns at the back of my mind that if there’s a very serious property implosion in China and HSBC fall over, where does one stand? I know HSBC UK is supposedly ring fenced and so too is a nominee account, but it’s amazing how small print can always f*** u over. Must be safer holding shares in one’s own name. Have you or anybody else gone through the process?
MD
It’s not an opinion, it’s a fact that you have called this wrong in the last month, more times than you have called it right.
Just need to point that out for any inexperienced ppl who may be temped to trade on the back of your posts.
DB
Not sure what you are talking about. I bought this year (avg £2.21) so I’m marginally up and have a 9% divi. If you were lucky enough to buy 9 months ago you are up 10% on your capital with a 10% divi!! That’s a 20% return in 9 months.
Capons
Posts: 13
Price: 45.05
No Opinion
RE: Lloyd’s SPToday 17:46
“Eaglepi You might get 6.2% but you will pay at least 20% tax..Tax on dividends are much lower..”
Only if you are a basic rate tax payer … for higher rate payers it’s 33.75% and for additional rate payers it’s 39.35%