Member Info for Cardinal3

Toff

Excellent reality check. I've taken notice and acted accordingly.

Donuts

Very good work on your part- a useful summary.

The only other point for me is that I’m impressed with the CEO. I’ve previously told myself to stay away from (oil) exploration companies but this looks potentially a good long term investment rather than a bet. Comms are very full and give the vibe of a firm that has a vision and expertise for a product that has a big and growing market. I’m optimistic.

Agree with saintly that ii are very timely. I’m not worried that the div won’t be reinvested till tomorrow. It arrived on time yesterday. It’s not as if I need the money for anything else but if I did it’s sitting in my account.

I’ve decided to let my automatic reinvestment flow through as normal today. The price is around my average.

There are headwinds of stuttering economy and a potential Labour govt hammering banks but overall the opportunity to add while the price is at this level gives a decent chance to get a yield worth having before interest rates fall.

Economic trajectory looks to be in the right direction. Just need inflation numbers but on balance I’d say no rise in interest rates for now and see how the numbers play out a little longer. Mortgage rates will be stifling household incomes as the year wears on, unemployment moving up.

I was also disappointed till I saw the share price go up by multiples of the dividend.

Volume could be down as investors or potential investors have lost interest.

LTI

Buy to letters are potentially affected more than the average householder as they often in operate on higher loan to value. I see lots selling up anyhow due to taxes as well as interest hikes.

I reckon another 0.25% in Sept isn’t nailed on yet. We have winter looming and household budgets squeezed further by energy costs to add to the mix.

Oil price in the rise as Gateboy says due to Putin and his Saudi ally. Also the dollar up against sterling doesn’t help inflation and getting interest rates down. I’m not sure where we will go from here but my gut reaction is to leave rates as is while we wait for previous hikes to take effect in the mortgage market. Housebuilders are already struggling which is an indicator in my opinion.

I think we will see a rise in unemployment numbers soon. It might not be showing in GDP just yet but even on the micro level with local councils having to shed loads of people to stay afloat the signs are there. Unfortunately they won’t so easily transfer to the private sector.

Perhaps Lloyds is a bellwether for the UK economy? We are struggling with households facing a cost of living crisis and higher mortgage rates.

Robina

My take is that this last year or two dividend stocks have been hurt by rising interest rates so less risky returns have been available in cash deposits. Hopefully we are close to the end of the rate hikes and the dividend stocks will benefit. Painful process meanwhile though.

Eagle

there is a mini Karma as looking at SS's share purchases each month last year they were lower cost each time.

Hi Carltt

You may have noticed rents flying through the roof, people cant find anywhere to live especially in London, at a price they can afford. Landlords are selling up for reasons including taxes.

I hesitate you are wrong to say immigrants have been coming for decades and are all extremely unwelcome, but I beg to differ. Actually we've had immigrants throughout the centuries. I discovered from an orthopaedic doctor that I am from Viking stock- bone structure evidence. I must say I was pleased. What you mean when you say they are extremely unwelcome is that you personally aren't welcoming. Your choice but don't assume we all share your opinion.

Grizle

I enjoyed reading your comment that most socialists are dictators in sheeps' clothing. I have concerns about UK banks as they will most likely be a target for revenue generation by Labour. But I doubt they could be much worse than the current shambles of a government-look at CGT limits as an example. If you didn't know better you could have assumed Labour was already in office.

I’ve added today, though it’s one of my largest holdings, the confidence expressed about the dividends has encouraged me. I’ve yet to decide whether to allow the automatic reinvestment of the dividend and will decide nearer the time.

The only issue for me is whether to continue to reinvest dividends or spread the risk. Looking back over the last couple of years most or all the reinvested dividends are running at a loss.

*typo sorry, curb inflation not inflow.

The 15% increase in dividend is well above inflation though cautious. Back in the day govt told companies not to increase divs much in order to help curb inflow. If Lloyds had gone too far that sort of restriction could well be back on govt agenda so much as a higher div would be great I think there’s one eye on the political optics.

Forensic

You are entitled to your opinion whatever the market says!

I prefer Jlen only because it has a broader base of assets albeit smaller and seem to be conscious of not overpaying for assets. While interest rates rise share prices could well drop to compensate but my biggest concern is that government finds a way to tax to the max. I don't pretend to understand how the electricity pricing works though gather it's based on the gas price and govt are looking at decoupling, which could knock the profits and therefore dividends. Of course the knock on effect would also be fewer new renewables projects as firms won't then invest.