Member Info for Crossley

Agingcourt, afternoon.

The 0.25% cut was already priced in as the cut was cast iron going to happen. The disappointing part of the cut was the 5-4 vote for that reduction. If the vote would have been say 6-3, or even better 7-2 for that 0.25% it would have indicated that more cuts would have been likely, sooner down the line. With the vote being so close it creates doubt for future cuts. The devil is in the detail. Over to the US for CPI data in 30 minutes…..

But, it’s the header that’s wrong. It’s been a terrible year for Taylor Wimpey. Total return YTD is -7.14%. When you’ve Vistry on + 12.21% (by default after last year), Bellway on 13.1% and Persimmon on 18.21%, it’s Wimps that have been underperforming the sector. The others ain’t ground breaking, but they’re certainly better, particularly Persimmon

Blades2323, that really would be the worse possible thing for PSN to do. Thank goodness BWY came to there senses at the last moment…

Morning Lucky, if that’s it for you, have a a great Christmas. Enjoy! Another day like today and the FTSE would be knocking on that 10k and along with it, that £6.50.

See you in 2026 for a hopefully, happy new year…

Maybe more to come tomorrow. Only expecting a 0.25% cut, but, if the vote can come in better than a 5-4 vote (anticipated), for that 0.25% cut, we should go again..

Pop?…

4.564456 b (shares in issue, excluding treasury) X £4.037 (SP) = 18.4267b (MCap), / 1.992 b (shares in issue prior to RI) = £9.25p (equivalent SP)

Did read an alternative view earlier. It looks like there might be some way to go yet….

Some of Britain’s biggest savings and insurance groups are expected to take an early look at Aegon’s UK business, which has been pushed into a strategic review as the Dutch group prepares to rebrand as Transamerica and shift its centre to the US.

Panmure Liberum flags a broad field of potential bidders. Phoenix Group, Aviva, Royal London, M&G and Lloyds Banking Group PLC are all seen as plausible trade buyers.

Legal & General is mentioned but viewed as a less likely participant. Private equity-backed operators are also expected to weigh up an offer.

The prize on offer is a substantial platform franchise. Aegon UK specialises in capital-light workplace and adviser-led savings, with £124 billion of assets under administration in those core segments and £226 billion across all UK activities.

The business delivered operating profit of £167 million and net income of £56 million in 2024, and still carries some legacy books.

Depending on how the business is carved up, analysts think it could fetch between about £1.5 billion and £3 billion.

Even the lower end of that range would mark one of the larger recent transactions in the UK long-term savings market, offering the winning bidder instant scale.

Aegon confirmed the strategic review, including a possible disposal, at its capital markets day in London, where it also unveiled plans to take the Transamerica name across the group.

Can see the ticket pricing for this to be ten times worse than the Oasis fiasco. USA (Trump) and FIFA (Infantino) no need further comment…

No sign of a Red Herring here as we march to a new 52 week high. Step aside and let her through…

Under the stress test, Barclays CET1 ratio fell to 9.3% after the impact of management actions, and its leverage ratio to 4.2%, compared to 7.2% and 3.25% minimum requirements.

Barclays said the results reflect its ‘robust and resilient balance sheet position.’

HSBC’s CET1 ratio fell to 11.9% after the impact of management actions, and its leverage ratio to 5.1%, compared to 5.8% and 3.25% minimum requirements.

Lloyds’ CET1 ratio fell to 10.9% after the impact of management actions, and its leverage ratio to 4.6%, compared to 5.9% and 3.25% minimum requirements.

Lloyds said it is ‘pleased’ to have ‘comfortably passed’ the stress test, noting it is not required to take any capital actions.

Nationwide’s CET1 ratio fell to 14.5% after the impact of management actions, and its leverage ratio to 4.8%, compared to 6.5% and 3.25% minimum requirements.

NatWest’s CET1 ratio fell to 11.1% after the impact of management actions, and its leverage ratio to 4.7%, compared to 6.0% and 3.25% minimum requirements.

NatWest Chief Financial Officer Katie Murray said: ‘This exercise has highlighted again the strength of NatWest Group’s balance sheet, delivering sustainable value creation and strong distributions for shareholders.’

Santander UK’s CET1 ratio fell to 10.3% after the impact of management actions, and its leverage ratio to 3.9%, compared to 6.9% and 3.25% minimum requirements.

Standard Chartered’s CET1 ratio fell to 9.8% after the impact of management actions, and its leverage ratio to 4.6%, compared to 6.1% and 3.25% minimum requirements.

Morning Carrington, all good?

It looks like today’s RBC’s upgrade of TW and PSN has had the positive affect here..

In auction…

Figures look decent to me, and promising future momentum. The one blot for me was the £16m write down, although, to be expected to some extent. £8.4m of that being goodwill and intangibles. Overall, happy. Let’s see how the markets react, best of luck…

** since!

Hello Caz, unless someone is aware of an update sooner this dated 01/10 (in case it doesn’t point you to) is the latest I’m aware of..

https://www.lse.co.uk/rns/holdings-in-company-6hzy9ovv2cz9tel.html

That’s an interesting post notdeadyet. A while ago I re calculated my share price thoughts, based on a 5% yield, after having a play with the dividend. My price was £6.96, with a dividend of 34.8p. Whatever the figures, there’s surely more to come here. Best of luck fellow holders..

And there is that 52 week high…

FYI:

https://www.lseg.com/content/dam/ftse-russell/en_us/documents/policy-documents/ftse-faq-document-uk-2025.pdf

Looks like AV came out particularly well in the recent PRA stress tests, especially the International Insurance side of the business. Recording a score of 220 and an impressive 182 after management actions after stage 3, the decrease in the SCR coverage ratios