Member Info for Dorfan

The government needs to reduce inflation as much as it can for September to mitigate any high increase to the state pension. I wonder if it will be sufficiently lower next month to ease the increase and then suddenly go up again for October onwards.

Carltit

You have a wonderful way of distorting the truth. You know as well as I do that landlords will not be subjected to a £60K fine.

Perhaps you would like to enlighten the rest of us what the real amounts are facing landlords for migrants.

LTI

“ 64,359,436,417 shares currently - without buybacks there would have been -

75,915,529,160”

If you work out roughly the sum involved for the divi savings in one year for the 11B shares not paid out then we are looking at roughy 0.005 pence for the 64B. This handsomely pays for the increased divi payments for 23/24 with a bit left over. The progressive divi is effectively self funding without touching any other profits made by the LBG.

Something else for you to mull on and come back with a vitriolic reply which seems to be your approach to something you support.

‘As asylum seekers do not have access to the benefits system, they can't be held responsible for the payment of Council Tax and rent.’

I wonder how much my council tax would truly be without this added burden and for other hard working tax payers.

So Ant, would you like to confirm how many billions it costs each year to keep migrants and asylum seekers, you twist a reply so as not to give a truthful answer as you know that we as tax payers have to foot the bill.

Charity should start with our own homeless and needy but sadly they sit well below these groups of people. I suggest you have greater respect for our own indigenous people.

Ant

“If they are prepared to work, pay their taxes - keep them coming.”

Just out of interest who pays for the rented accommodation they are given, central government or local authorities and do the local authorities claim it back from the government?

And how long does it last for if they don’t find work?

If local authorities are forcefully on the hook for housing them I can now see why so many are creaking and financially failing with debts going into the billions. I personally don’t see why my council taxes should increase to support them when so many civil servants are hell bent on letting them in. Let central coffers support the costs.

Stagecoach

“Yevgeny Prigozhin exiled to Putin's staunch puppet ally Belarus”

It all seemed rather easy and convenient as to how it played out and concluded. The conspiracy theory could suggest this was planned so that Prigozhin can now plan an attack from Belarus into Norther Ukraine to see if he can capture Kiev.

LTI

“Yet again - the purpose of buybacks is to reduce share capital.”

You also told us it would increase the share price as well

Carl

“ Why is the bank not to blame if they irresponsibly lend out money? It’s time the banks were accountable, especially Landlord banks!”

The person taking out the loan would have seen the repayments and been told the full amount repayable at the time, if the individual wants bragging rights to friends he doesn’t care what it costs. When I go to auctions there are times when my heart rules over my head and I pay more than I should for something, who do I blame and ask for compensation, no one because I chose to be cavalier and pay over the odds, it is my choice to do this.

Next it will be car loans and the banks fault if the car has problems and is costly to repair.

Then people will complain about credit cards and the interest you pay on them. Where will this stop? Many times people bury the old head in the sand and ignore reality and believe any problems in the future will go away.

If you had invested in land using money loaned to you by Lloyds you could end making a large loss.

Labour plans to let local councils compulsory purchase land for building new homes at a fraction of its value to offer cheaper affordable homes.

We have a friend who owns a parcel of land next to existing homes and it has value of about 400K with planning permission. If this goes through it is conceivable that she will be forced to sell it for say 125-150K to the council.

But do you think the council will sell it on to the builder for the same amount, I suspect not. They will sell it on probably for about 300K

So the builder saves 100K, the council makes 150K and the landowner is out of pocket by 250K

The 100k saved by the builder won’t go far to make any significant reduction in the house price and any builder in this situation is still going to put the properties on at market value. The idea that people will get more affordable homes isn’t going to happen. Everyone gains except the landowner.

Gazz

“Should Lloyd's not pay dividends to shareholders but use the money to lower mortgage rates?”

For all of us here that effectively have a part ownership in LBG have to forsake any return on our investment to support those people with mortgages, why? Is this people jealous of others that at a later stage of life are looking to increase income in retirement to be less of a burden on the state by not taking benefits. There is zero incentive to be a shareholder if this happens and I will be looking to move elsewhere. Some people here seem to resent others making money.

“ They can do what they want, look at OFCOM in Telecoms, or OFGEM in Energy. All the Government have to do is create rules, via the FCA and other regulatory bodies, forcing the Financial/pension industry to invest in specific ways, like they did with the pension industry many years ago in relation to bonds.”

If these super funds have to support projects that may take for example five to ten years to complete like HS2 and cost tens of billions of pounds there is zero income from them until completion. Even then the income will never make up for the years of nothing coming in. It is a recipe for failure and Labour will jeopardise millions of pensioners income. We all know they won’t provide a crown guarantee as they know failure is on the cards and they can’t back fill any shortfall. It is basically theft by stealth.

“ Thousands of UK retirement schemes should be merged into just half a dozen £400bn superfunds to turbocharge investment in businesses and infrastructure, Sir Tony Blair’s think tank has said.”

Will Labour provide a crown guarantee that if any of them went belly up because of failed projects that it will provide all those pensioners with pensions to the same level?

I can’t see how any government can force a private pension fund to merge and then raid its funds, sounds very dangerous to me.

Looks like JLR are possibly going to start battery production in the UK at Bridgwater and not Spain.

Wonder if LBG will be involved in any financing?

LTI

“What is based on maths is that the current share price based on the market cap that the market values Lloyds at ( £30.66 Billion) “

Yet it wasn’t too many months ago the market value of LBG was nearly 33B. So can you tell us what has changed significantly within LBG to see a nearly 10% reduction in the market value of LBG? From what I can tell nothing substantial has happened to the LBG operating model to see this step down change.

If I didn’t know better it would seem that the city is driving down the value of LBG to see a potential takeover by VC’s or some other foreign entity just so a few people in the city can get a big bonus or make a one off killing to the detriment of us.

Bud

“free elections ( proportionate representation”

If PR comes to the UK I can imagine we could end up in the same political mess as Italy.

Livestock
“HSBC opens up 4% with results it's what we can expect tomorrow finally back in the 50p price range come on donkey”

So what went wrong then, like to enlighten us all?

LTI
“without the purchase and cancellation of those 6 Billion shares the current share price based on the current market cap would be a lot lower.”
and
“that is a return to shareholders - in the share price - facilitated by buybacks”

So what you are now really saying is that the buybacks are not adding real tangible value to the sp but just propping up a lame duck. For anyone wanting to sell LBG shares now they won’t see the benefit of the bubacks, in fact they will make a loss.

LTI
“the retained money from 2020 has been FULLY RETURNED to shareholders.
It is not a separate entity on the balance sheet, never to be touched.”

I believe some people actually need you to tell them when and how it was returned to them so that they can see in a financial concept the process, back to you again for a final time?

I can see the BOD enabling what they call a progressive dividend value over the next few years to a specific value and then all future dividend increases will be ‘modest’ rises.

I’m sure they know where they want this to be.