The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
.. Still we have all known what is coming, huge debt, war, Labour Gov, and a massive hit from the car scandal.
Add to that the British faking mental health to avoid work, and a truly, in the real sense of the word 'endless' amount of flotsam filling our country.
What could possibly go wrong for the UK and thus Lloyds?
As massive buybacks and mega double digit inflation never lifted the share price to earlier levels, then no hope now.
Dream is over, dreamers are still in force, and will 'pretend' to be joyful that 'more shares can be bought back' as the share prices plunges trapping in many more for years of hopeless hope.
Re your predictable reply to an earlier post from you, saying that as Lloyds was 'approaching' my break even point, then would I be selling?
My response was, that what I paid out for them likely over 15 years ago, would have then purchased far more of anything and everything (ironically APART from Lloyds shares) so to sell at the purchase price, the PERCEIVED break even, would STILL be selling out at a massive loss.
Your ridiculous answer, partly quoted here: "how many times does it need pointing out to you - capital values do not automatically increase with inflation"
Well Duh!, thank you for that pearl of 'wisdom' , and the answer is, I never needed it pointed out ONCE, let alone more than that. We ALL know share prices are not index linked.
Like anyone attempting to defend the indefensible, words are just twisted to attempt to make the question asker appear foolish, when the truth is, it is the person unable to justify their answer who stumped for an answer so attempts to 'muddy' the water.
So be it property or bags of doughnuts, until Lloyds shares if sold, can buy the equivalent amount of such, which the sum I invested all those years ago, then, to me, and to anyone honest, this has been a poor investment. FACT.
I am sure you will attempt to twist the words, but it fools only fools.
Odd how, years of 'low' interest rates were 'blamed' by this board for Lloyds lowly share price, due to margins being slim, and yet now, any cuts are expected to propel this UK based share forward, with a known Labour Gov due soon, and as equally, if not more so, keen on seeing banks profits distributed to the nere do wells and to help fund housing for the, literally never ending illegals, who breed faster than we can ever absorb.
So, imo, Lloyds is only rising due to the fact that Labour will borrow more, a year or two of like any fool being given a loan, of a spending spree, to be followed by years of businesses going broke, mass unemployment, and the 'usual' lot rioting in inner cities and other areas where, despite being given full equal rights, are still 'deemed' to suffer worse than the indigenous who are funding their lives.
LTI, re your comment about me getting 'near' what YOU assume is my b/e point. That is where I am a realist, and you, unable to see the truth about this share differ. For to me, and ANY realist, the b/e is NOT the price I purchased at all those years ago, BUT break even, is when the SUM I SELL THEM FOR WOULD BUY A SIMILAR AMOUT to what it did all those years ago. Otherwise it is selling at a huge loss still, even IF adding the few years of lowly div income to the total.
You are intelligent and know this, but your upbringing has created a mindset that you can't admit anything you do, or invest in, can be wrong, so can never admit any negatives only positives.
I read yesterday that the percentage of mortgages being sold to be paid off over longer time spans have increased massively. So now the next 'mis-selling' will be that 'the young were persuaded into taking on such long term it debt that will effect their long term ability to fund their pensions adequately.' And, as this IF correct, which to me, it isn't, worries HMG as they are aiming for future pensioners to be self funding, and all our NI will of course be keeping the by then, millions of charming arrivals to our shores and their offspring.
As for wages going up, wouldn't be so bad IF they never kept giving more in benefits to those who only have to work currently 16 hours (alleged to rise to 18 soon) to then claim thousands in wage top-up's via universal credit, which then means they can claim free or heavily subsidised rent and c.tax etc etc.
When Labour get in, there will be a year or two of boom, as like anyone who gets a loan can live better, UNTIL it has to be paid back, and unless (which it won't be) the initial borrowing has been used to create wealth or savings, then unemployment will rise, riots of the usual lot in inner cities, and crime will rise to effect most all.
Thus it ever was, only this time we have imported some of the worlds worst and we will pay more than just a fiscal cost imo.
Lloyds s.p is still disgusting when you consider that most everything has risen purely on years of inflation alone to near double, yet this share is still lower than years ago.
Add the alleged effects the buybacks have had, and that should tell all that the market has no faith in this share, as they likely understand it will be used by this and all future Gov's as a cash cow to milk forever, and OUR not the puppet CEO's expense. Why ELSE has it not risen to at least keep up with inflation and the buybacks added value?
Everything else being equal, of COURSE the price will drop, for to have a known willing large 'buyer' cease absorbing those unwanted sellers shares, then means the buyers of those shares have far less competition, so, like all traded items, supply and demand rules dictate, less demand, lower prices and visa versa.
Idiots think that the share price will magically rise at the end of the buyback period, but, as markets are forward looking, the rise will be when the buybacks are announced, not when they end.
So every seller will have less willing buyers so the share price will lessen, IF all other things are equal.
IF suddenly a large seller announced that they were going to sell off the same number of Lloyds shares over that time period, then we would expect the share price to drop on the 'announcement' NOT on the day the very last 'batch' were sold.
Clearly, with the buyback slowed to stalling, then it is clear that they feel that Lloyds is overpriced, as ludicrous as that seems, as it is far lower now than before DECADE of inflation, before HMG were out, before the div was re-instated and before all the buybacks.
So it is worrying to see that many still don't 'see' that Lloyds has merely become a lap dog, not just of 'this' Government, but any future one too, to be a 'buffer zone' between the growing 'alleged' impoverished and HMG social security.
So we will be 'funding' homes for nere do wells, we will be likely paying them compensation when their clones wreck the lifts, and get stuck in them, or force windows and then fall out etc etc.
For the Gov could stop most all the immigrants IF it wanted too, but it clearly doesn't, as sheer numbers of poor force up property, land and rents, and keep wages lower, thus all Governments whose loved ones will NEVER have to mix, work, compete, be , treated , educated, or live amongst such, ONLY the well 'vetted' nannies and gardeners, DON'T have the problems of massive crime, anti social living, sex pests, rape and knife, acid attacks and other issues increased in areas anywhere in the world who have not limited such to skilled decent people, which the UK could and used to have arrivng.
So I will never vote for any party that are traitors to this country and its indigenous people. So leaves little choice!
Well, Lloyds holders would, at best, only have seen their shares rise by around half a p, to see it decline by close back, or slightly lower than the last day of business. So unless trading, can live without that brief joy.
As I predicted, the Tories are finished come the GE, and likely to allow Labour to ruin the economy so the Tories can then, a few short years down the line, call a vote of no confidence, and ride to the rescue of a broken, Britain, but with the proviso that we have to all but, expect in name only, have closer ties to the EU, much as we had before.
For that is what this is all about. The Tories thought project fear would prevent the EU vote result that almost all MP's of most parties never wanted. No choice for them but to be carry out the 'wishes of democracy' but then, have had to turn project fear 'into' reality. So as many voted for less unsuitable imm's, to me, it is NOT just coicidence that the flotsam flotillas have increased since we left. Thus then, HMG can then 'remove' that 'valid' reason for leaving the EU.
Labour will likely brainwash the public in simplistic terms, and give an amnesty to illegals, by saying ' Why should the British people be paying for these people, when IF they work, filling job shortages, they can fund themselves'.
All sound good to the dim, yet most will earn so little they will pay in next to nothing but then claim free or heavily subsidised rent, council tax, child allowance, child and working tax credits ( or now universal credit) various extras such as free school meals, uniforms, one to one helpers for non English speaking children, all will get NHS treatment, all will add to landfill, overcrowding, longer waits for medical treatment, dentists, all will use more energy, water, sewage.
Many will be involved in crime, and yes a few will be self funding, but so few compared to the takers.
So let's hope Lloyds doesn't, IF I am correct rent to these people using our money to give them subsidised homes, for should one child injury itself, even if at fault on a Citra property, and the BBC will make such a case that we will be funding massive compo for such.
This bank is now a buffer zone for HMG to 'use' much of our profit to fund the feckless, hence my distaste for buybacks, as although in theory 'more' profits between fewer shares ought to equal more dividends, truth is, the string puller HMG can arrange the CEO to 'fund' the feckless first, so our dividend can be kept at 'reasonable' levels, and the extra we OUGHT to have had, is then spread to any 'hard luck' case that HMG can't afford to deal with, but know bank share holders will.
Can only get worse under Labour, but I have lost faith with Tories as they have become too weak, too soft, and are now not keeping the voters who work hard, nor the feckless, who think the world owes them a living, as they think it is 'their right' to be given everything, so sacrificing G.E for a future return to the EU, imo.
I am sure that endless BBC reporting will soon highlight many 'shortcomings' to allow future flotsam to sue the country for not having a fully equipped Hospital or some other facility nearby to cover EVERY eventuality which one in a million will 'suffer' from.
A dna swab imo ought be taken and return them to wherever that shows they belong. Eventually lack of money, or having to continue to make the journey would prevent these leeches taking anymore of our wealth and destroying our culture and country forever.
So to me Rwanda is just an 'election gimmick' as IF never ending harmed those at the top, instead of enriching them further it would have been prevented a long time ago.
As we witnessed with Covid, as it was 'something' the top important people could be effected by, all stops and endless money was thrown at it, as 'they' were at risk.
But as having a 'cheap' gardener, Nanny, dog walker, daily cleaner, OR having cheap labour for your factory owning party fund supplier, along with more people equates to higher land and property prices, which the top people are all involved with, means they don't really want to end the new willing 'slave labour' arrivals.
But sadly when in Rome, they once fully allowed to be here, will do as many low class Brits do, and use breeding as an income and free roof.
So then they allow in more until the whole system breaks down, as is evidenced by food banks, lack of health care, lack of homes etc etc.
But the BBC and media cherry pick the best 'sob stories' to get the public sympathy, and choose to keep the vilest crimes to low level coverage, so no Government can come down hard now.
The public get what the public want. But I don't want what the public want, but thats 'democracy'
Still guess houses ruining our country boosts Lloyds profits, every cloud has a dark lining
A very ironic thing to say " plenty of muslims, jews, hindu,buddhist and shinto died along uk soldiers fighting against the nazis to give you the platform to post whatever you like"
So in one breathe you are saying these people 'died' just to give a future person the right of speech, but then YOU who have not suffered in warfare wish to have such freedoms of speech banned or removed?
Secondly and equally as importantly, these people fought alongside us, because they KNEW that life if allowed for them at all, would be intolerably bad under Nazi rule.
They never ever would have fought for us, and if so 'loyal' why only too happy to see the British empire come adrift?
Such BBC rosy rear view mirror view of 'why and what foreigners did for 'us'.
NOT saying their contribution wasn't welcome, and most were brave, fine people , but like those arriving daily, they don't 'come' for our sake, but to better their own lot and their loved ones lot in life.
So save that sort of wet talk for the dim, children and BBC believers, for most on here are wiser than you give credit for.
Whilst the agenda is to force such upon us, to have every programme the more unlikely to include such the better to force as quickly as possible the agenda onto the British, lets stick the truth on this board at least.
We all have widely differing views, but only those who gain, or have no loyalty, or are pushing a buggy full surely can see the folly of having a never ending supply of people into a struggling country, even IF they were all lovely, honest, kind, caring, hardworking and loved us, our culture and our countries history. But sadly many don't.
So for the ordinary person just what IS to like?
Lloyds share price I guess could be arguably slightly 'less' without the massive demand for homes such creates, but then that would be more than offset by less NI, less tax, and less costs of prisons, courts, health services, education, less energy used, less cars on road, less water, less sewage, less landfill, more countryside, more harmony, less crime, and more pride in a nation we still felt like was ours.
So for many even if the s.p were lower, a small price to pay I suggest.
mvarawa is indeed one of the most astute posters on here and just because some find what he or she posts offensive, that does not necessarily mean that the comments are not correct on many things.
is this the place to mention such? that may well be a different matter, but as anything which effects the uk either positively or negatively deeply effect lloyds share price, and having a truly endless, amount of dirt poor arriving daily, will clearly impoverish our own people, least the vast majority of us, who are not making money from their being here.
of course the top legal lawyers, landlords, and the businesses who illegally and , once labour has handed them all an amnesty, (as they will, using the flawed logic "its better to have them working than us entirely paying for them", ignoring the fact that the numbers are truly endless) then legally employ such for the lowest wage than can pay, are all bound to see it differenly.
but this cheap imported labour will, as many british young have found out, have a child or lots and just work 16 hours a week, then you get all your rent, your council tax paid, and your low wage 'made up' by universal credit, which is why the young don't need to work full time, and why the uk needs some immigrants. but to assume that these immigrants won't take the easy way out themselves once settled with a kid here, is naive and if for such, insulting their intelligence.
they will all need and eventually take a home, which costs 100's of k, and earning low wages with the above subsidises will never pay that back, especially when all the other benefits, free health, pension, and costly one to one education for the children is calculated in.
that is why sensible people are so angry, it is not a hate campaign against races, as i wage most of us would love to meet these people in their own country, not ours. hence i disagree that posts are ******s, for if boat loads of ex pats all come back day after day, with nothing, and if all were child bearing as soon as here, most of us would still see it as a major problem for the uk thus lloyds.
see the other side, sure people get heated, because we know we are being made fools of.
mv, just word your posts carefully, as you have much support, but admin will ban you if your posts are deemed too potent. sensible posters want your input.
as for lti i trust him, as i know many wealthy and they do spend much time making money, not just out blowing it, thats what the poor do, when coming into money, hence i trust lti, not keen on his rudeness at times, but full credit to looking after parents etc.
lets discuss not hate different viewpoints.
so then what, bring in ever more to work to keep the earlier ones, all doing a 'few hours' and getting everything else given to them free or heavily subsidised.
Seems the Scottish freedom of speech has spread far and wide, aided by those who instead of putting a better point of view across prefer to use race, hate rules to end such talk. Ironically this creates more problems, as it doesn't stop people feeling as they do, and discussion is more healthy than forced separation of alternative thinking, and to me, proves that those banned MUST be on the right track, for if just 'silly talk' then WHY the need to ban such, for even idiots have a right to say what they feel.
Too sinister for my liking.
Still waiting after 15 years of holding plus, to get to break even, then I need near double that to 'truly' break even to account for years of inflation, so likely be a long time yet.
MV, find your posts most astute and so refreshing to know others deeply question the wisdom, or more likely, the motives of those who make the rules.
Just a friendly reminder that please be careful how you word your posts when discussing certain topics, as there are those who love to report anyone speaking the truth if it is not what they wish to hear. Would hate to see you banned, and I find it a disgrace that freedom of speech is no longer allowed in this country. Everyone should have a right to speak how they feel. I never even liked it when the BBC banned the voices of the IRA. Think it was the first time I noticed that the media, likely aided by HMG were not just telling us the news, but influencing our minds on it too much.
Still it will only get worse as times goes on, and I expect Labour will hand out an amnesty for all recent flotsam in an attempt to boost its voters next time round, using the excuse "It would benefit the UK if they worked rather than just cost us" failing to add that it then gives a reason for ever more to come.
No wonder HMG have to come up with new ways to fleece the profits from the FEW companies making money in the UK, as someone has to pay for this huge burden on our nation.
Skier , for once, fully agree. Most on here see what they 'want' to happen, not what is most 'likely' to happen.
As HMG are not funding this, but will benefit from increased spending, then they will fully endorse this.
Corruption is worse in the UK than in Russia, for there few pretend it is all above board and fair.
Here people still cling onto hopeless hope that 'some' are good, but as we see the Tories sink as low as Labour, then faith is gone in the UK.
Hope Trump wins by a mile in the states as he is the only hope for the West to find its way again.
It is that or we will have to have WW3 to change things, and anyone fighting for the treacherous leaders who have ruined our country forever by allowing totally unsuitable here, must be crazy. If WW3 kicks off we will have as much trouble from the enemy within for our people to contend with.
Lloyds run is looking to be over, as the clever money likely been selling to the buyback machine at a good price PRE the run up to the 'car stealth tax' on us all.
Perhaps that is why Gold is so high which as it pays no interest, and interest rates for investors and stocks are reasonable, could be the clever money is getting out, into gold and cryptos before a massive crash?
With a truly never ending supply of newcomers arriving here all without anything, it is clear than the UK will grow ever more impoverished.
To me the reason is because many Brits voted to leave the EU as they were fed up with so many immigrants having a 'right' to live here. So, IF, as I think, a future Gov will try to forge closer ties with the EU, which will very much 'resemble' our previous arrangement pre leaving, then allowing in so many immigrants now, will 'counter' any outcry on that score should we be forced to accept closer ties with the EU.
As project fear PRE the vote didn't work, then those at the top, HAVE to make it happen to then drag the public down to new lows, so much so, they will then be softened up enough to 'accept' any new deal in hope and false promises of a better future for their families.
Just WHEN has the masses ever had it's way over those that matter? Can see it coming, watch, and learn.
But it is the Tom, Dick, and Harry's who fund the highstreets and businesses which keep those suppliers, and manufacturers going who in turn fund political parties. So without 'Helicopter' money (that is money not earnt, or deserved but just given out to encourage spending) then if the spending public have no spending money the whole lot wobbles if not crashes.
As you can only 'take' from those who 'have' then Lloyds, with large profits, after years of HMG bank bashing, become easy targets to take from, and with only the shareholders complaining not the masses, easy for the close, symbiotic relationship between the CEO and number 10 to still give a lowly divi, use shareholders cash for buybacks, to then have less shares in issue and more profits for the CEO whose strings could be being pulled by No 10 to pass much of it out to the victims such as the PPI, and now Car issues.
That way the dim shareholders think they 'would' have got more 'if only' it hadn't been for PPI, for Car loans, etc etc, so the Jam tomorrow scam rumbles on, until the next ploy is conjured up.
I find it quite sad that posts such as Letib, thinking that the Government should 'shut it down' can't SEE that HMG want this 'helicopter' money to be rife in this country.
For it a not so subtle way, of taxing profit making companies such as Lloyds, WITHOUT imposing direct 'windfall taxes' on banks, thus still getting more money off the banks, and then funding the public directly to spend and keep the high street tills pinging, AND HMG look like the 'good guys' as they haven't hit companies with Government taxes directly, and can pretend to be, being 'nice' to the 'victims'.
So HMG aren't stupid, people who 'think' they are stupid, imo, are the stupid ones. THINK a little deeper, or at all may help you see.
With Gold hitting new highs, and of course paying no div or interest, and rising rapidly, surely that indicates one of two things. Either WW3 is a real, not just a media 'gloom and doom' threat now, OR a financial crash due to Western debt and the $ loosing it top spot in the future
Yet if the USA felt that were to be likely to occur, I am certain that they would 'do what ever it takes' to keep their top position, even if it means a large scale European theatre war.
Being so well armed, floating on oil, and the food bowl of the world, they, alone in the West are better placed to come out, as last time, smelling of dollars, not rubble.
So any other explanation for Golds rapid increases, and inflation OUGHT to have lifted Lloyds alone, as, if a long term holder, then a lousy 53 p buys a lot less than it did fifteen years ago, so a massive loss unless you traded it. Yet my Gold has three bagged which I have held for less time, but of course no div's. But that said if Lloyds had three bagged on my b/e it would be £1.80 ish.
All timing I know, but much of Lloyds rise is purely because MONEY is worth so much less that it was.