They have paid the same div for the last few years and short of an almost unthinkable disaster will do the same again this year meaning a quite amazing yield at this price of almost 7 1/2 %. Yes they wrote off some goodwill this year which affected the profit but that is only a paper loss and would not have affected cash flow. I am seriously thinking of a bung of £2-3k anytime now.
Ver sadly, the Chinese so called government will either fabricate, blame others or say nothing. That is what control freaks do. They are a not a "people's government" as you and I understand that term and are only in it for what they can get for themselves. This is why they hate Animal Farm and 1984 and both books are banned - the books are a very correct representation of control freak regimes such as they have in China, N. Korea and of course, Iran and Saudi Arabia.
You don't seem to understand Grayling neither Lloyds nor any other bank makes much money from operating current accounts. They do it by mortgages, loans, insurance, credit cards and one or two other less notable activities. The "upstarts"have to do the same and there is no "slowly shrinking retail market" because everyone needs a bank account and always will. Folk bank with LLOY and the other biggies because that is the safe thing to do; am I going to bank with "Revolut" who I have never heard of and don't have a branch nearby? NO WAY!
I'm sure you're right falk as the great man (Warren Buffet) says, "Always be ready to do the opposite of what everyone else is doing." There are now some quite high yields in the "250 and 100" which will not stop making money just because some folk have a kind of flu.
Even more convinced now that the world is mental: A couple of years or so ago, a lot of folk got flu and a few thousand died, as is usual but economic activity did not cease. Also a lot of selling is taking place thus turning shares into cash; is one any better off with a pile of cash rather than a pile of shares? Warren Buffet - "Cash always loses".
The most important thing to understand about Boris is that he knows absolutely sweet FA about business and economics and neither does his pet monkey Dom. A rather dangerous combination s some of us may recall in the case of Gordon Brown.
He ain't really a leader james , if he were, we would have seen some evidence by now but at the time due to failings in both parties, we did not have much choice. What on earth the tory party thought they were playing at when they picked him, I have no idea. The same applies to labour when they picked Corbo. It's just possible that labour will pick someone who will give liar BoJo the hiding he deserves, we'll see.
Not quite sure what this is all about diver but I learned many years ago not to trust banks too much. Thus I do not use them for share deals but use the experts instead like LSE and Hargreaves; similarly, I do not use them for insurance but experts like Aviva, LV and Direct Line. You wouldn't buy paint and timber in Tesco's would you or perhaps you would......
Good report Seany, thanks but few large businesses do much better than 10% because they are too cumbersome and tend to carry a lot of dead wood. Small businesses know that they cannot afford to carry "dead wood" so they don't. E.g. How many small businesses employ a financial controller, a personnel manager or a legal executive - answer NONE! Because they don't make money and there are several other high paid animals as well as these in most large businesses.
Wids, please explain why there was "a dollar/cash shortage in the system" then we could get some truth. What "system" are you talking about: A group of interacting, interrelated, or interdependent elements forming a complex whole.
It was a bit of both: Gordon relaxed the rules about what capital the banks needed to hold as a proportion of their lending books. Being financially ignorant he did not understand why these rules had been made many years ago to keep the banks in line. He observed the yanks relaxing said rules and though he would do the same (copying the yanks is never a good idea because many of them are a bit dense. Anyway, one or two bigheaded bankers (you know who) then decided to extend their lending books and offer money to a lot more folk who would find it quite hard to make the repayments. "Never mind, most of them will pay and we'll make loads of money" Of course we then had a bit of a recession and quite a lot of said loans and mortgages went "toxic" because a lot more people could not afford the reapayments both in the States and here. The rest is history except that the building societies (notably Nationwide) did not suffer to anywhere near the same extent because they play by more stringent rules. It is interesting that Vince Cable warned Gordon at the time that things were looking quite dodgy but Gordon ignored him.
Quite right again BB. It appalls me that folk think nothing of ripping off Doctors and the NHS when like the rest of us they make a mistake occasionally. Thismay sound callous but getting a few thousand quid off the NHS is never going to bring a dead baby back.
Well yes but even in my youth I could see from friends and associates coming back from "holiday" with cracked bones, etc., that sking and ww were dumb things to do so I never did. Then an old friend did scuba had a cardiac problem and died so that was crossed off too. But it's exciting they all cry, and so is hooking a big fish (one of my hobbies) but you don't get injured.
But I simply do not expect £12 -£15k medevac costs will ever happen and we all know that Insurance cos will do all in their power to avoid paying. So why should I hand hard earned cash over to these daylight thieves? I have never bought travel insurance in my life and certainly in my younger days of traveiiling, it was virtually unheard of then certain travel cos started offering it and folk got hooked but I ain't that daft and don't do silly things like skiing and white water.
Quite right Boomer, actually I don't have any insurance at all, except for the car. You may say what happens if your house suffers storm damage and I would say that I have enough funds to handle that very unlikely event. No we don't have fires or burglars both are completely avoidable hazards but some people don't take the necessary steps.