The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"After the financial crisis it was hoped a fleet of scrappy new banks would shake up the market, but they’ve struggled to deliver"
https://www.independent.co.uk/news/business/comment/banks-metro-virgin-money-tesco-lloyds-barclays-hsbc-high-streets-a9022046.html
Monzo just exposed half a million pins - banking's trickier than first appears. Going out out now.
Mike
I didn't say this "there is no such thing as buyers or sellers really". but I don't think you thought I did. It's not possible to be sure is the answer to your question. A trade can be red on here - blue on H-l for example - I guess it depend when they update their database with the trade data and the bid ask price they glean at that time. There is no indicator in the trade data stream which says "buy or sell". If the seller was a Bill Higginson - would he hope to see his trade marked as blue or red ? Time alone might give you a clue - Try buying 20,003 next time - maybe you might be able to spot it more easily. End of convo from me - good luck
Mike6
People and companies - investors - own and buy and sell shares. London South East (this LSE) don't hold shares. London Stock Exchange (that LSE) do not hold shares either but do hold central order books on which brokers (on behalf of investors) place offers to buy or sell shares at different prices - or accept those offers. In some cases companies acting as market makers set prices to make sure there are enough buyers and sellers in the market for them to be liquid ie not get stuck. In Lloyds case and other very liquid stocks a system called SETS manages the order book automatically.
The trades on the console are trades between people or companies as mentioned above. Blues and reds are clues as to who was driving the trade in a sense as seller or buyer, but they are meaningless as they are just based on how close the trade price is to the current - (after the event) sell or buy price - there is no such thing as a buyers or a sellers trade really. It takes both.
As Bruce says its important to do some - a lot of research before you start risking money if you plan to put anything substantial in. Try small amounts only if you must or get a tracker fund. That's up to you though. Maybe some of the terms I mentioned might help with the research. - and you might be able to correct or refine some of what I said as you do. Theres loads of info on the net - investopaedia and stockopaedia are handy.
There is a list of tariffs available the UK government plan to put on goods in the event of a no deal. Who would prosper from that with no border - criminals and smugglers or legitimate businesses North of the border before they go out of business?
Our tariffs are not a small issue as while tariffs are planned to be kept low at first, Liam Fox for one thinks they might have to go up if we hope to recreate EU deals - Canada say there is not much incentive right now if we put a lot of zero tariffs in place.
The Irish conceded in July there will need to be checks at the border in a no deal. As regards where the trouble will be - where was it from 1969 onwards ? Will the terrorists get relocation grants to move South of the border or will we ask the Irish police and army to step in if it starts in Northern Ireland and the British mainland ? There are two solutions to a big risk of troubles at the border and wider in Northern Ireland - a temporary customs arrangement - transition period followed by a backstop agreement, or a permanent deal.
That said the DUP have suggested a compromise which would involve a customs arrangement but only on farm produce.
That's all as I understand it - Someone did ask for views.
Snige
The broader UK economy looks better than it did some time ago, and yet the pound has taken some sharp moves down at times. And with it Lloyds. Noticeable events in this are when a party with plans for a referendum gained power, the vote itself and the recent focus on no deal have influenced this. Its hard to deny Brexit is the most acute factor in play.
The issue is that FX markets, highly liquid and vastly, globally funded by disparate, highly interested investors have yet to see any plausible arguments which support your viewpoint. There have been three or four years to provide that. Maybe now would be a good time ?
Lloyds price has moved up very slightly alongside the pound, now around two year lows. In part disbelief it has been forced there by government actions and words and in part by the indication a vote of no confidence and possible election is due. An indication of what would happen if a somewhat more sensible direction were pursued.
Which everyone got no doubt.
https://www.lloydsbankinggroup.com/globalassets/documents/investors/2019/2019_lbg_hy_results_shareholder_letter.pdf
It was bull* as are many of BJ's utterances. 2.1 billion also a bit of spin ?
Please do point to any false information I've posted. I will gladly correct it where you can show it. The sense in things which have been said by many - not just me- are becoming more obvious as people get the first inklings that being poorer is not such a good idea.
Taverham
You should listen to that video - and the questions and answers after - its entirely balanced - fair positive and reasonable. Blaming professional people for the words and actions of foolish people is a sure fire way not to understand what's going on.
Worth watching that. He speaks extremely positively about the economy and its financial stability. Talks of people in general acting prudently and presenting no major risks of domestic debt getting out of control in general and UK banks are now exceptionally well capitalised and highly liquid. He suggests there are a range of tracks the economy could take going forward - depending on how the relationship with the EU is handled. At the moment MPC presume their will be a smooth transition given that is the government's stated objective. He says the market is taking a gloomier view to the MPC.
This is a discussion worth watching for Lloyds shareholders and people interested I believe it covers the nature of "the bet" at the moment. If MPC are right (and it seems most plausible to me) markets could improve with the pound improving. It is hard (for me) to imagine Johnson is as stupid as he looks. But then again he waved a kipper while telling the country a lie about it.
https://www.fxstreet.com/news/boe-press-conference-governor-mark-carney-speech-live-stream-august-1-201908011035
Judge for yourself - it sounds like the words of someone speaking factually and in line with his responsibilities.
The fall in price looks like an over reaction yesterday. Reacting to a ppi payment at this stage for example seems a bit illogical. The figures showed good business performance on the whole. It may surprise people to know I am not a great fan of brexit however as I try to keep that quiet. Booster F*** B. de pfeffel war prime minister Johnson's days are numbered however surely. Adding 2.1 billion, £32 per head of the uk population to the brexit bonfire to trick the EU is the mark of a .. well... the man.. perhaps he could arrange for Rees Mogg or David Davis to wash up on Dutch shores with a no deal plan in their pockets to complete the ruse. Failing that a u turn is surely due and with it some recovery in fortunes. Not everyone wants to be poorer to make BJ, NF and friends richer. Good luck to all.
The passing of PPI as an income stream is of no particulsr interedt now as its long gone except as some strange historical consideration. The companies profit is known. They used to own an abbatoir. The income gor that has gone now too. We can start collecting them, yhese past sources of income if we wish and bob em in a scrsp book. They are also paying 6% dividends and plan to slowly build that up. These are not things we need to imagine. Its written down.
Richard agreed claims companies should check.. as it is they are bundling anything up and sending it. They should be charged for all and reimbursed on acceptance. On every other claim shareholders the cost of claim is prohibitive. FCA a toothless unseeing thing. I'm confident I could get a claim from our cat through to the final checks if I tried. Not to mention the public nuisance of claims companies. I believe average claim size 2018 was 1,700 which if it costs 600 a throw in processing charges brings cost to 187 million a month. Not a point I'd argue further though as you are the PPI Guru with suitably and rightly ground down teeth.