Member Info for eccles04

Quite right Bruce, everyone will die at their appointed hour and there is no point in getting all het up about it. Personally I have had a good life and know that I am getting near the end of it so no worries.

No new cases in the Chinese province today apparently and only 126 in Wuhan itself. Sounds like it's starting to ease off over there.

Yus I saw some huge foreign visitors once when I worked in London, I think they were overweight Americans.

Of course all this points to the fact that there are many more mentally ill people than official figures suggest. I mean some of you a month ago had a pile of shares and now you have a pile of cash, what the dickens difference does it make ? You will still die if you are weak enough to succumb to Corvid but most people won't. I just read that a bunch of mentally ill people went to our local Sainsbury's and cleared the shelves of loo rolls. You might suggest that they are not mental until I say that no-one in their right minds does that sort of thing do they?

The really strange thing for me is what are the sellers going to do with their piles of cash which they now have instead of piles of shares. Will the cash make a difference to their lives, will it stop them from dying, and if they do actually die someone else will get said cash anyway.

nuri is quite right, has anyone I know died lately - well no come to think of it. Went shopping this morning and the usual crowd were in our local Lidl, were the shelves empty - well no got all we needed. Noticed a chinese woman buying several bags of flour - bit pointless because she is never going to be able to send it to her mates in China.

Of course we are "holders". I had some spare cash last year and knew that I could not get much better than 1% anywhere so I googled 4% yield to see what might come up. LLoyds was one so my investment was designed to be safe and do better than 2% and thus maintain purchasing power of my cash for the time being. So I am investing for the medium term on that basis and by this time next year the panic will be over, most people will not die and the world will not end.

Was 4/4 last year guess it will be similar in 2020

Hmm but ask yourself, what are the effects of buy backs. IMO they reduce the amount of equity over which profits are spread or more simply they enhance dividend cover and therefore offer long time investors likely higher dividends. Higher dividends are highly likely to result in a higher SP - what's not to like?

Well folks you have just had a demonstration of the almost incredible stupidity of the "market" or rather some of the participants. The price of this stock sank last friday to around 302 although it was known that these guys are one of the more successful car insurers and were likely to publish fairly satisfactory results - everyone needs car insurance. So a number of said participants sold the stock down and no doubt lost money or passed up the chance of making some and here we are back up to 335 or thereabouts.

Nah, not foolish at all. Last time we had a major panic I waited for about a week for it to level off a bit then bought about 25k which I had going spare at the time. Within the year my £25k had become almost £40k and the same will happen again because most of us will not die but have sniffles for 2/3 days then carry on.

Another bad mistake by Bojo. Everyone knows that you can't have the Chief Accountant under the thumb of the managing director. Or if you will, the financial controller always does what the chief executive officer wants. Financial Controller is more of an American expression and I was one as I was working for an American company. It was very clearly explained to me when I got the job that the word controller meant what it said and I was not to kow tow to the CEO under any circumstances and of course that is the way it should be to ensure that the CEO cannot mis-manage the dosh. So I would fully support Javid and say that once again Bojo has demonstrated his lack of experience in business matters!

Quite right BB I would ask the greenies if they know what life was like back in the 50's. It was ruddy miserable, diffucult to stay warm in winter even indoors; it took hours to get anywhere unless you were one of the fortunate few who had a car (just one bloke in our street); clothes would cost you anything up to a weeks wages and the average age of death was ten years younger than it is now.

Doubt it Pearls, after the toxic debt problems we saw back ten years ago, the big banks are not so carefree about lending to small outfits as they once were. Am I (HSBC manager) going to lend 10-50k to a medum sized chinese firm with no serious collateral? No way!

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.

Looking at the recent RNS posts which I confess not to fully understand, it looks like someone needed a big chunk of cash ina hurry.

Just asked my son, my daughter, lad next door, my 2 nephews and the girl in Halifax branch while I was "out" down the town. None of them heard of Revolut. Son asked if was a new computer game.....??

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".