Member Info for Cardinal3

I agree but was focussing on banks.

There are multiple drags on the economy it that’s for another place.

Stockready

I think the results will be good, the question is whether they will best market expectations. I am less convinced about US institutions as Lloyds differs from other UK banks as it hasn’t got an investment banking business. An interest rate rise would do wonders for banks and I do wonder if Sunak has increased bank tax knowing that’s on the cards.

PSK
I’m not sure why you say that “deep down” we know a divi won’t be announced. You would expect something at half and full year not at quarterlies. Nothing deep down about it.

CynderLad
You said "It's hard for a councillor to stand behind the recommendation of their planning officer nowadays, because they'll get it in the neck from the public on a regular basis". Absolutely.
Planning officers aren't up for re-election.

The planning system in this country is sclerotic. It isn't about the public having their views heard- its about the noisy minority. Think Heathrow, HS2. Forget the national strategic priorities. God help the government with getting planning permission to keep the lights on.

Hi bandits
Local councillors are likely to heed the masses turning up at the planning committees and with burgeoning boxes and social media keyboard warriors on their backs.

If anyone thinks that a recommendation to approve means the elected councillors will vote for it need to remember Surrey. It won’t happen. Their will be an appeal but that will take a year, minimum. Even then with the MP against it, with his nods and winks to the Minister, the chances of eventual approval are 50/50 at best in my view.

Don’t you think she would have had loads of random emails giving her advice during the time she was maxed out already?

Ibug
The UKOG filing today (I checked it is the correct company) refers to seeking exemption from auditing accounts for year end Sept 2020. I think this has been misfiled by Companies House since these accounts have already been audited and filed. We won’t know till it has been cleared for filing and we can see it. There isn’t any other logical reason that I can think of.

I do wonder whether the Israeli govt will simply nationalise B&J. Quite a spat over ice cream.

They received planning permission on a large development in Bath this week, which could account for the SP rise. There’s a planning appeal coming up in September for a development in Woking which was (in my view) wrongly refused by the local planning committee. Hopefully a result by the end of the year on that one. All looking good.

Will need a brilliant set of numbers to keep this moving up.

Porsche
I think ULVR is struggling due to cost pressures highlighted in its last report. It is becoming a dividend trap. It needs a good bit of M+A, possibly offloading bits.
As for the FTSE I would have thought a lower £ would help a lot of the constituent parts but overall overseas dealers will see a sterling risk. I think you are right on Brexit impacting sterling. But that's what many voted for, so here are some of the consequences. We are increasingly a bit-part player on the world stage, if only the politicians realised it.

I would prefer a solvent bank not paying over the odds in dividends and ruining income and value by crashing as it once did. We have a new man in charge and he should be given time. I will be reinvesting my dividend in September. The rebuild will take time but I feel confident. This is not a ramp, more a realistic approach.

Inkose

Thanks so much. Very helpful.

Inspector decisions these days take anywhere between three and 6 months. The whole planning appeal process is sclerotic.

In my experience the brokers will pick up small amounts rather than large ones to avoid impacting the share price and disadvantaging other potential buyers. It might also depend on what’s available. The company will have a deal with the broker on costs for the buy-back programme.

I get that long term holders bought for dividend but as a bank they should be cautious and not be exciting. As for as I am concerned a steady rising income which is reinvested is good enough for me- but then it all depends on what you paid in the first place.

I had two cricket friends who died of Covid last year. One was 80 the other 60. I miss them both. I am fully jabbed but still cautious.

Some people are either telling porkies or have more money than sense.

I wonder if the failure of SS to buy shares as it was said he would in the RNS should be reported to the FCA/ LSE.