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Lloyds and other high st banks, or perhaps more fitting 'ex high street banks' pay a leading rate on savers money?
If a minnow bank can do so, surely large banks ought be better placed to pay top rates with their years of experience, cost cutting and branch closures and app banking now?
Then no need for a flight out of cash to smaller banks
So expect calls for 'windfall' taxes, and so long as getty has an image of a old person at a food bank, the charmingly unbiased BBC will have hours of not so subtle brainwashing to stir up the nere do wells.
Calls for either a windfall tax, or more sly stealth taxes will be popular with the great unwashed and Labour.
Look at BP yesterday, great results and over 8% down, different game, but profit making companies all the time some impoverished arrival is in need, then the media will not be positive.
So likely an indicator that those in the know, know what we don't yet know, but soon will.
So I imagine a long Summer of falling share prices.
I wonder who was the person to suggest 'sell in May', another baco foil hat wearing sage no doubt.
Lti, only time will show who is more astute in what 'happens' re UK/EU relationship.
It is not a case of what I, you or individual leave or remainers want, but what the important wealthy business leaders want, and it seemed pretty obvious to me that they wanted us 'in', as I believe did many MP's in various parties.
But you may be correct, just I don't have the faith you hold in large businesses or Governments doing the 'right thing' for others, least not before putting their own ilk first.
Not going to turn this into a long disagreement so no more on 'this' from me. Let time be our judge, a decade should be enough time, and likely Lloyds if not re-nationalised by Labour, likely still in the 40's!
Ps last line a joke. More likely the 30's!
nomulung, almost right. Except the Tories are not obviously trashing the democratic vote on leaving the EU, as neither would Labour dare openly do so.
So by allowing Labour 'in' the adage 'Give them enough rope and they will 'hang' themselves' would come to bear, then, when we are back begging at the IMF or whoever, and the UK's moral is at an all time low, the Gov of the day likely Tories will 'persuade' the UK public that the ONLY way to get the country back on its feet, will be to do 'some sort' of deal with the EU, BECAUSE that is what most politicians and the rest of the world wanted.
You need to Earth your tin hat, not too sure which is earth, the big hole at the top I use. Works for me!
I know you will diss such, but I am more right than most on here, as I will be with my Lloyds predict.
You can always play safe and wrap your Turkey in it instead.
Gaz, more psychology. Meaning that the man on the street can predict which way something is 'going' hence not needing an 'expert' to inform all.
Re BP. Perhaps the US are dragging it under to make a cheap offer?
The world as I 'suggested' is out to ruin the UK so like any wise venture capitalist person would, buy up and salvage the good bits( at a much reduced price) before the ship sinks (Labour in power).
All a ploy imo to get us back into the EU, slowly slowly catch a crippled Bulldog.
As I have mentioned on the Lloyds bb, I would not be surprised if UK politics are being played for the 'bigger picture'.
As much of the world never wanted the UK out of the EU, with even the then US President saying so, I can't help wondering if the Tories, who likely mostly never wanted 'out' are going to allow Labour to gain the keys to No 10, knowing that they will totally 'ruin' the UK economy.
Then after a decade or less, the Tories will ride to the 'rescue' of impoverished Britain, with some back door fudged, 're-entry' into the EU once more.
As project 'fear' failed to sway the Brits, then now we 'have to have' poverty and misery enforced upon us to 'show' ensure the worlds elite get the results 'they' wanted, not what the plebs choose. Yet because 'they' had to make it appear Western democracy was upheld, they could not reign in on the vote, so will change it by 'stealth'
That will be years of declines in wealth and health services etc, and yet still do nothing about illegal arrivals, as that was a key 'want' for many of the 'leave' voters.
So, after years of no improvement, but plenty of cuts to living standards, the idea will be 'the plebs' will be up for a new deal for 'closer ties' to the EU.
As contagion was the most feared thing should the UK had been shown to make a success of leaving it was never going to be allowed to happen, and perhaps it it 'bigger' than mere UK politics .
Just a thought, hopefully way off, but never say never where a global economy is 'all'
So what better, if I am right, to trash the main income the 'financial centre' of the UK to increase our demise.
Yet apparently we are short on labour here in the UK, so, come the fall in manufacturing activity, perhaps this shortfall will be a blessing, and we won't need as many new people which may fill vacancies, but also fill the waiting lists for homes, health treatment, school places, and roads, along with adding to our energy demands, water, waste and landfill.
So perhaps equilibrium may be reached in those respects and lower the cost of borrowing to fund people who have absolutely nothing, for it takes a long while to earn enough to cover just one of the above needs before the UK 'gains' fiscally, let alone fund themselves and family.
There again, methinks we will get the worst of both worlds.
Still the world wanted us to 'remain' and now us plebs voted the opposite, all stops will be pulled to 'ensure' others don't follow suit by making an example out of us. Did anyone 'think' they would 'play' it any differently?
Within a decade the Tories will after Labour have trashed the economy fully, ride to the rescue with a 'new, back door' deal with the EU, so those who 'matter' get their way after all, and 'appear' to have kept Western 'democracy' intact.
Try to remember where you heard it. Nostradamus was likely never thanked in his 'lifetime' either.
Bob Dylan rightly said 'You don't need to be a weather man to know which way the wind blows'
With Russia likely to claim any BP assets, and the UK Gov likely to tax any profits, it is not hard to see why BP has dropped, especially when with such profits, they never raised the dividend either.
Fossil fuels are hated by many, and sadly a dying sector, albeit a prolonged demise.
Whereby in most countries to have a large multi national business earning huge sums would be seen as 'awesome' here it is just seen as would be a well heeled City gent walking into the wrong area of our Capital, just something, not only to be robbed, but also despised 'for doing well'.
Sad society, but aided by the Tories, who have become more Labour minded, in constantly 'giving' more to the nere do wells, hoping they will be nicer, but it has the opposite effect and people just 'expect' and demand more.
So what with the Russians, and the culture of the UK, profit may be harder to make and certainly harder to keep and share amongst those who invested for their gain, not the nere'do'wells, that is what BP. pays business tax for.
Lloyds imo, will likely 'do a BP', who today had better than expected results, but has dropped massively, despite doing buybacks and still doing such, albeit at a lesser amount.
The div, is still the same and with our wonderful unbiased BBC, you can imagine the call for windfall taxes to be screamed out on every BBC channel available.
So as Lloyds has likely done well, DON'T expect in this scroungers paradise, whereby people 'risk' their families lives to jump aboard the band-wagon of state aid which the UK is sadly famous for, for our share price to not follow suit.
Sell on the news, sell in May etc, not a great combo for a UK based bank, where the UK is targeted by outstretched hands from every angle to make anyone making a profit to be seen as wrong.
Rest assured though the CEO, and top brass will not be 'funding' the world, as they have plenty of delightfully hopeful but naive shareholders who will.
Lti, I never doubted you have done very well trading Lloyds, but for many Lloyds was 'supposed' to be a dull, safe, boring bank to invest in.
Whilst Lloyds cannot be held responsible for world events, with all the milestones already mentioned 'passed' it is of major disappointment to me that it is still far below what it was years ago, with all those hurdles now jumped, and with years of inflation, not 'just' the odd one or more of double digit, eroding its share value, making the current price even more dire NOW than it would have been 'back then'.
I understand you play a different game, but we are not all so adept in trading, and instead of being Lti's some of us are regretful lth's.
Anyone who didn't 'expect' much of the world to 'punish' the UK for daring to leave the EU would be an extremely dull witted person.
As stated earlier, could be a huge concerted effort by nations who gained or wanted us to stay in the EU, to ensure that the UK becomes as isolated as is feasible to then give sway to a future Government insisting we do some 'sly' deal to semi 're-join' as that is what many MP's from many parties truly desired.
So expect years more misery for the UK to come, until those plebs who dared vote out, are well and truly 'sorry' and will leap at the chance of an olive branch from the EU to come back at a distance and massive price.
Many also said they were a 'bargain' when in the 60 and 70's when the £ get together party was being discussed when were all a decade or more younger. One at least has since passed away, likely others too.
Anyone daring to say they doubted seeing that £, by now, way back then would, as now, have been dissed and ridiculed off the board.
Some have more staying power with the knowledge and proof of their convictions backing them more than 'experts' ever can.
Or will 'this time' be different? To me, if all I mentioned earlier hasn't made it so, then I doubt it unless we continue with double digit inflation for years., thus cancelling out any 'rise' in Lloyds share price.
Marab, have a year bone paying 4.4% and similar in a fixed yearly ISA taken out this year.
Albeit likely could have got even more if BoE raise rates as predicted, but as we 'see' on here a lot of 'great expectations' go the other way.
So whilst Lloyds div may be slightly higher rate (not including our wealth creating buybacks) at least when the bond and isa pays out the interest they 'won't take it OFF the capital invested as a div does, and, more importantly, IF some new horror in banking arises, the value invested won't plummet as will happen with LLoyds.
I hold a massive amount for me, in lloyds and a fair bit in other UK shares, so needed some in cash, and PM's etc, but IF investing again would not touch banks, but maybe AV, LEGEN, who pay around 8% so a lot more crumbs for almost equal risk, and LESS thus far, Gov interference. Not advice but saying what i would do, as I am the boards worst investor, as I don't act on my thoughts.
.. is what the Government have achieved.
They have 'used' shareholders in a disgusting manner.
In the fiscal crash, they strong armed Lloyds to 'take on' HBOS', which created the need for two rights issues, and eventual Government bail outs. Depressing the share price and ending dividend payments for years.
Years of Government 'bank bashing' at every given chance kept the vast 'non share holding' public 'on side' to then be able to create a hatred of banking management. Yet the management suffered nothing, only the share holders.
Then the Gov could, as it has, and as it still intends to do, bring in ever more ways of 'diverting' profits away from the shareholders grasp to fund Government spending or follies.
So they have privatised banks, but still 'decide' on where much of the profit is spent or used.
Now IF as could be argued, Banks are sooo important to a country, then they perhaps should NEVER have privatised them at all in the first place.
But by doing so they gained a massive amount of cash, and then since, have proceeded to still 'control' what they are allegedly supposed to have privatised.
The well heeled puppet 'Ceo' are happy to have their strings pulled from No. 10 so long as their salary and bonuses, and perks rise, but it is only the shareholders who have 'paid' the price, and will imo, continue to do so.
I was correct when I said the 'time to worry is when HMG leave' for then, they can bring in draconian rules and raids on banks, 'without' then 'shooting themselves' in the 'size no.10' foot.
So HMG have their cake and eat it too, the CEO, likely a close chum receives a 'generous' slice, and the shareholders grope about for a few scattered crumbs, waiting for a larger cake to be baked, but only to see that larger cake being distributed more widely to feed the every increasing growing poor filling our nation, because the Gov can't fund such, but lucky for them, know a whole lot of shareholders who, unwillingly and, by reading this board, apparently, 'unwittingly' will do so for them.
Just a buffer zone bank to fund the feckless, to keep tills pinging, to keep businesses afloat for as long as feasible all funded by shareholders, who are given 'just' enough to keep the state cash cow surviving, to be milked now forever, unless Labour slaughter us completely.
Perhaps all a deliberate ploy to get LABOUR in to trash the UK economy to then get a future Tory party to re-join the EU by the back door (as the ONLY way to save the nation), as, British politics are not as powerful or important as international politics and most countries including the US never wanted the UK out. Crazy? perhaps, but many said my thoughts on Lloyds are too!
Think what YOU would do If YOU never wanted us 'out' but HAD to make it look like 'democracy' were being maintained.
Tambo, not only that, but by buying back far cheaper, not only have you gained more than the dividend, BUT your ave will be lower, so NEXT dividend will bring a greater yield to you than if you just 'held' for the dividend at the original price.
Robevs, no need to fret imo, over your last line fears re: "knowing my luck it will rocket after i get out"
Many of us lth have had that concern, wondering IF all those statements from (They) the large institutions brokers and the arm chair experts on here were to be proven right and Lloyds would finally rise.
Now, more than ever, imo I don't think it ever will. Reasons being several fold:
1. These 'They', said years ago, 'once HMG out' we would fly.
2. They said once dividends were reinstated we would fly.
3. They assured us that once PPI was ended, we would fly.
4. They told us that as property prices increased it would be good for Lloyds holding so much on its books
5. They told us that once interest rates had increased we would fly.
6. They also told us how 'good it would be' after many other long passed mile stones over the last decade and a half were dealt with, such as a couple of rights issues were taken up, branch sell offs, general elections, Scottish independents vote, Greece bail outs, our then CEO falling sick, and returning, a 'new CEO onboard, Covid jabs being dished out in the UK, covid restrictions lifting, leaving the EU, etc etc.
Now we are told that 'buybacks' will lift us, WHO at present, only this tiny group on this board can 'apparently see' , but once the wider investing world, 'suddenly' cottons on to, we will be re-rated and fly.
NONE of this has done anything to make this rocket, and IF you think that now double digit inflation has by default 'increased' the PRICE of everything, then Lloyds is EVEN LOWER in value than its pathetic share price shows.
ALL that is fact
So if holding for a dividend, which will be 'taken' off the share price on ex day anyway, imo, I can see and get your fear, but logic says Lloyds is NEVER going to rocket, as all the catalysts to ignite that rocket have failed to do so, and the box of matches are as soggy now as the Government reduced propellant inside 'our' rocket.
No advice just saying it how it is, which will be dissed by all those who prefer to 'see only what they want' not how it is.
Thus it has always been on here.
Good luck, you will need it.