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With companies de-listing, with even more immigrants arriving, the media constantly bombarding the nation with tales of food banks, NHS doctors and dentist gone awol, etc etc to allow Labour to win the next G.E.
Then once after a few years of deep financial ruin in the UK, riots in inner cities, etc etc, the Tories will bring forth a ''Vote of NO CONFIDENCE" in Labour, and will 'ride to the rescue' of a down trodden and broken public, happy to agree to 'anything must be better than this' life, as the Tories then agree to 'save' us all but ONLY by forging closer ties with the EU once more, and the grateful nation will then agree to this new 'deal' resembling the pre leave deal in most all but name only.
Project 'FEAR' didn't work to gain almost all parties and MPs to bully the public into voting for what was 'best' for them, so then make as much of project fear a reality, then get what they really wanted, a 'leave so soft deal' to keep both the 'image' of the UK being democratic and keeping MP's snouts firmly back in the larger EU feeding trough.
Watch, as see.
Did you really 'think' that the plebs would be allowed to vote the opposite way the Gov and even the then US president wanted without it being overturned. And that is HOW they will achieve this, for world politics is far far larger than UK politics. Think what YOU would do, IF you were HMG. Or just THINK.
Surely people can 'see' through this work till 71 HMG trick?
As the country is swamped with illegals most all of whom have absolutely nothing, (apart from the smart phone source of knowledge aid locations, etc en-route) then as HMG can't return or rid the land of them, what can they do, knowing the public, except for the odd exception, don't wish to have them here?
Answer, threaten the Brits to work until they drop to 'pay' for the boat people, OR tell the Brits that IF an amnesty is given, then these people can work, pay taxes and fund the elderly and then 'back down' on the 71 retirement plan, all 'thanks' to dingy contents.
Truth is, most will, imo do as the lower end Brits do, and merely have scattered children, work a few short hours to then claim everything free, and have half the week off, so their 'retirement' is running whilst they are young enough to enjoy it, as they see fit, thus having half the year off compared to those working full time who 'subsidise' them .
If you doubt it, you take in a few homeless people and give them everything and then rely on them to pay you back in full for providing a home, health care, education, and hundreds a week to live on. See if you are better or worse off.
HMG are not stupid, just artful, and will do what suits them NOT you.
Joke is we are told we need people to care for the growing elderly, but all too often we are keeping many of them those too young to work, too old, too sick, or those imprisoned and even more who choose to copy many young Brits and use breeding as a means to live very well off others.
So imo a ruse to ensure the unacceptable are accepted by stealth.
RE " he has named Lloyds as one of those banks Aswell as Barclays being exempt from the commission claims" next you say " It won't be a big hit for Lloyds" ?
Re " Most people won't bother claiming" Lewis was pushing and likely will get the FCA to do as he suggested and force the loan companies to 'contact' all takers, adding to cost of it all, even those since dead can get their rellys to claim, and even the simple were catered for.
With this woke society, and years of HMG bank bashing this will be 'used' to the max to fund the feckless, cheats and liars, which EVEN IF, are turned down STILL cost banks huge amounts of time, which equals money and they have to pay the FCA for each submitted case whether lies or not.
IF it weren't Gov inspired then the banks would hire the best legal teams available, but bank CEO's imo are mere puppets to do what HMG can't, that is fund the feckless by taking money from those who have to give to those who will spend it all.
Like a benefit office, you can tell the decision is already made by the tone of the FCA spokesman.
Lots of sells now no doubt.
Won't be any large buyback as likely keep the powder dry to pay off the those conning the system AGAIN
The hit will be massive for Lloyds so all the divi money shareholders COULD have had, should there NOT have been buybacks, will be lost in moments.
Likely need to end up cancelling buybacks if this is much much larger than the usual 'hopeful' who 'thought' every provision for PPI since day one 'was the last and overly provided for so likely paid back in a special' , yeah like that happened.
As we ought to know, but clearly don't, everything priced 'in' won't be if paying out. If this was in the states lawyers would be on this and fight, but our CEO puppet will do a token gesture 'appeal' but likely in his 'deeper' interest to appease the string puller, rather than shareholders who have already bought their shares so no loss to Lloyds, but it will be to you (and me).
Likely far higher than the highest estimates and like PPI cheaper to just pay than have each case referred to the ombudsman each time.
Nice to know that the feckless will gain even more from our skilful investing and going without.
Seems HMG will allow, encourage or perhaps orchestrate anything which puts cash in the hands of the squandering public. Surely their own body the FCA should have spotted and stepped in before it was too large a problem otherwise what is the point of them.
But we KNOW we will get hit the hardest and the longest and recover the slowest but the CEO and board will loose nothing, and perhaps gain a knighthood for services rendered later.
Prime51
I am glad you are not being bothered by those around you.
I have lived in such areas, and most people who live like that are ok so long they are let to get on with their state funded lives.
Sadly there is a growing amount who aren't just 'content' to accept what they think the 'world owes them' as it's their 'right', and turn to crime, or are nasty anti social people who are only happy making others not.
My point was when HMG made having a child profitable, then it encourages people to not 'worry' as people once did about falling pregnant as if poor then you will be certain to gain a flat, then a house as the amount grows.
So it has become a lifestyle choice for so many. So when a full time job is offered, or extra hours, these people won't take it on, as their a larger portion of their free rent a c.tax has to be paid making it a 'negative' so whilst you can't blame 'them' you can blame the 'system'.
It just about held together whilst it was only this countries people 'using' the system, but now for a little 'suffering' on inflatables and larger hulks, all know that eventually an amnesty will be given and a home here with all our ancestors worked, fought and suffered to better our futures.
All politicians have let us down badly and as seen on here WOKE education and media pushing have created a country whereby no party will ever be able to reverse the idiocy of paying people just to breed more 'dependants' and do anything meaningful against illegals, as over half the population are taken in by harrowing stories, and if the TV screen shows it, with a soft spoken presenter, carefully editing and some sad music, the WOKE brainwashing of the public would create an outcry if any follies by HMG were now reigned in.
So the burden of genuine but vast amounts of fake claims for benefits won't stop until society breaks down.
Sad for such a great nation to watch it implode, even sadder that perhaps WW3 may be the ONLY way out of this for the good of future generations even if speaking Chinese or Russian, for as it is it seems we are doomed to failure albeit at a far slower rate.
Being a lth in Lloyds I am used to to a death by a thousand cuts, so hope the WW3 is averted, and the slower decline of my country doesn't accelerate too quickly
... and most telling that people who can't find true fault or disagree with a posters viewpoint then revert to insults such as 'Gammon'.
The comedy Gold becomes apparent when you consider that should any post have had any insults to those they so avidly 'defend', then for you to 'insult' would be seen by them as one of the most heinous crimes of all time.
So assuming we are all 'the same', then why can one group of delicate, respectful and genteel people have to have rules and laws to protect their oh so 'sensitive' minds whilst the rest can be insulted and just have to accept such ?
That is the comic Gold as these people can't see such hypocrisy in anything they say or write.
Makes you think they perhaps can't disagree, because they know they are in the wrong.
One more week and Lloyds will start to rise for a few days, pre results I would imagine. Yet what level we will be rising 'to' is any ones guess, perhaps from the 30's back to around this level?
Time and know all's will tell.
An excellent post Madog59
Other ills are because of the growing elderly population successive Govs have made it more and more profitable for the less educated to be paid a good a sum as IF they bothered to work to stay at home and have children, all in the vain hope of HMG that these children would then be able to work to look after the growing aged.
Yet what happens is, the parents of such get heavily subsided, or free rent and council tax, they get £20 plus for each child, but should one of them just work 20 hours per week (16) if being, or in most cases PRETENDING to be a 'single parent' , they then get thousands a year in universal credit on top of their wages, making them far better off than most min wage working people without children.
Yet they are ONLY working half the week and only needs one of them to do so, then as well as free or subsidised rent, and c.tax, they then get free prescriptions and dental care for the whole family, free school meals, uniforms and transportation to school, extra help with fuel and food, plus a myriad of things like free insulation, free gym membership etc which others without kids have to fund themselves.
They get more if the child, as they often claim has a syndrome, often a disability car, 'helpers' who care and take the child out, and many now, due to change in rules use anxiety as the 'new' backache of old. as hard to prove and easy to fake.
So many of these state funded children, do the opposite of what HMG encouraging such hope they would, ie care for the elderly, but follow their workshy parents into a life of just 'claiming' so paying people to breed has failed.
So, HMG think immigration is the 'answer' but they too ONCE foot in door, ie have a child, often take on the same way, so then HMG bring in even more as the 'new arrivals' are often keen to work, UNTIL they suss out the British way of just breeding your way into a free home and good income by working half the week or not at all, and either way then working on the sly, dealing drugs, or turn to crime to make your income very lucrative indeed.
People don't come here for the weather or to better our life, for the easy benefits, and weak sentences if doing wrong. Some initially come to work to better themselves and many do, but many more when in Rome, hence the massive prison population, hence the changing hues in schools and hence the need for the media pressured by HMG to avoid any truths being told as they have messed up badly the 'cure' for our ageing population.
Years ago if you told someone you were having a child, they would say, 'best grab all the overtime you can then'., now, the opposite is true, just do 16 or 20 hours work, and gain a very lucrative life compared to single low paid workers.
Hence the daily flotilla
Let's see how this flow slows if conscription is forced upon the young and how many 'suddenly' aren't quite so keen to be British, and war avoiding religions become very popular.
The UK
Keltickilla
Doubt it is anything to do with market cap. Unsure if you mean by 'cancelling' shares instead of buying back, which is what happens when they are bought back I assumed? I don't think they hold them, otherwise the share count would not drop.
OR do you mean by 'cancel them' NOT issuing new shares as they do. IF so, then again it would make no difference imo to market cap as the new shares issued to give to employees etc if cancelled would then only have to be reimbursed using cash or other costly means, so that 'sum' would then come off the value of Lloyds anyway, thus lowering the market cap.
Not sure this is so, but for all his faults Lti will likely be able to explain it better.
Sheltie, hence my earlier post dissing buybacks, as think where Lloyds would apparently be without such artificially propping up its share price.
That prop should be removed to then show all just how poor a performance the board of Lloyds have 'delivered' for its current and few future shareholders.
Maybe that is why they like them so, hides their failings a little more to casual observers or, as on here, those who don't wish to hear, see or dare think the truth, and snipe at anyone daring to point out the Naked Emperor.
BP's profits have halved, but the share price has risen 6% ish. Some who love 'buybacks' will give that as the reason today they they are higher. But not in my opinion.
I think like here, the bad news is widely know pre a CEO reading them on the official day to the world and his dog, so the share price has already bottomed out, and perhaps we can expect the same here.
Hence why the share is so feeble, and come results day any rise IF at all, will be because the 'news' may well be new to us, but to those who 'matter' will be old hat, and they will have taken their positions way before.
But we know of someone who, despite watching the share price fall even after massive buybacks here, will certainly put any rise in LLoyds share price on such, should it rise and the board, as it will, blow our crumbs of profit on keeping our portion tied up in stock, knowing few will sell to release a trifling sum of perceived 'gain' in each share due to the buyback.
Time and world events will then erode the 'gain' of the buyback announcement, but it wouldn't the shareholders 'gain' if paid out in a div, which, IF they felt in better in shares, could opt to reinvest anyway.
So to me buy backs are a sly way of ensuring that the 'returned' income to holders is kept within the company, far more than if given out as a divi.
Also, it would be more 'telling' to the world, if buybacks hadn't have taken place at all, and divs given instead, as then it would show the TRUE valuation the 'market' puts on Lloyds, which IF buybacks do 'add' value, would be a lot lower than it is now.
So buybacks give a false impression that the board are doing a 'better job' than they really are.
Buybacks are not 'making' more money for the company, which is what one expects a company to grow to flourish, just a means of artificially propping up a share price, which would be even worse without such, but that money should instead by used to 'make' more money for the company, both raising the share price and giving a growing future income not, desperately trying to maintain an unloved share price. They should ask and see, WHY is it unloved.
When I mentioned that Lloyds were involved in the Libor rigging, this board told me that they weren't.
So, ignore the rest of the world and believe the 'experts' on here.
Should you do so, I am sure your wealth will rapidly increase.
Seems they say what they 'want' to believe rather than accept facts.
Short post as busy, more gloom later.
Sheltie
As Lti rightly informs this board, it is the markets which decide the share price direction.
And why would anyone in the 'market' buy Lloyds shares with the almost certainty of Labour running and ruining the fragile post Brexit economy?
Why would anyone buy into a sector, and one of the, if not 'the' largest at risk from the next helicopter dropping of cash to the feckless, via Car finance, mortgages tied to 'house increasing prices' and now Iran cash dealing?
Why would anyone buy into a banking stock in the UK who has been a proven disaster, so much so that almost all media articles start with 'Whilst Lloyds has been a poor investment.....', . That is the past, when there WAS hope that 'once HMG were out, things would improve....they didn't. Once div's restarted', once house prices had risen, once PPI was paid off, once several G.E's reinstated the Tories, etc etc
All failed to move this share in any meaningful direction, so why should known BAD news such as Labour, threat of WW and an ENDLESS amount of dirt poor filling our already struggling nation, along with the other almost certain new PPI hits do anything other than cause Lloyds to go even lower?
Surely people can see that years of normal inflation, and a couple of very high years of inflation have somehow, almost miraculously evaded Lloyds shares, so making them, or at least their 'buying power' even worse than perceived by many long term holders.
Same with the huge sums spent on buybacks, STILL the share price refuses to rise, again, as with inflation PROVING what a dire investment this share is.
As assuming Lloyds share price is 'in touch' with reality and not in another dimension, then just price WOULD Lloyds be at without the Buybacks and mega Inflation?
So proving that all the so called 'good news' of the ending of PPI, div's returned, Gov out, tory leadership, branches sold off, etc etc, are NOTHING compared to the either fact that the Government influence via FCA et al, is being used to as I often say 'use' this as a Buffer Zone to fund the poor as HMG can no longer afford to do so, Or it is very badly run.
I think the former as it 'makes' profit, but allows the puppet master to divert the Lions (or great unwashed share) pre the shareholder getting it true proportion.
And imo that aint going to change anytime soon.
Lti, clearly all those 'selling them' likely most at a loss don't think they are worth holding.
So someone is right and someone is wrong.
Given I have held for many many years and this share has been a disappointment for all but a few brief moments in all of those years, my guess is those selling 'assuming' they will go way lower yet, are likely to be more astute than those buying assuming with all the massive headwinds I mentioned, and likely many more yet to 'evolve' that they will for some 'unfathomable' reason go much higher.
We will see who is right so let's see this time next year, or will a total of 16 years or so of holding STILL be classed as 'impatient'?
Hardup, not so sure the large institutions paid what pi paid. Could be a large difference. Have tried to look it up, but failed so far.
Shocking how they were in the 70's back then without div's, any buybacks' and without years of inflation reducing their any break even 'perceived' worth.
"I must add the CEO has never mentioned the share price on any update to date , maybe its time the big Institutional shareholders start asking questions or are they happy as they say nothing."
Suff, it was never disclosed to us mortals what price the large institutional holders paid for Lloyds share when HMG sold them off, so, perhaps like LTI they have a very low purchase price, or maybe they are informed earlier of any Government 'moves' which will effect the s.p of Lloyds, or maybe they buying and holding such vast amounts of HMG sell offs are in loss on them, BUT perhaps HMG then 'favour' them in other ways by not imposing such severe taxes on them, or caps etc. I don't know, BUT what I do know is IF they bought them and held them for as long as I, they would make Woodford look like the world's fiscal guru now and would all be bust.
So expect the share price of Lloyds to rise next week and maybe a few days into the following week to get the ever hopeful to buy in expecting a special div, a large meaningful rise in div, countless buybacks, the UN promised div cancelled at Covid to be given with a 'sorry' not attached.
ALL ignoring the fact Labour will soon pick up the puppet strings still intact from Greysham st to No. 10, that due to this and the next Gov doing all it can to stop Brexit from ever having any chance of success, despite the UK paying millions for those who will impoverish our once lovely country, not for a while, but now for the rest of eternity. Add costly war hardware and the growing threat of real war in Europe, add the fact that the EU will always and forever punish the UK for leaving whether we are 'out out' or out in name only, or even if we grovel and did re join.
Whatever Lloyds as it is linked to the UK is going down with it imo.
But, as cleverer people than me reside and reign on this bb, I will hold, and hope that despite ME being right in my assumptions for 15 years or longer, that 'one day' their superior intellect will prove me wrong.
I am waiting......