Member Info for eccles04

Of course the SP has dropped back, the big boys have finally reaslised what I predicted a few weeks ago: There is no Boris bounce because much of what he says comes out of the wrong end. Why folk believe his BS is beyond me and I notice that the other purveyor of comic cuts, Nigel Faridge has suddently gone silent. I wonder if he is beginning to understand that it was all so utterly pointless.

Richard, obviously you have been reading the Daily Mail again(another pedlar of fallacious garbage) but you do not fool me. Firstly the SP of LLOY is determined by their dividend/profit performance as closely observed by the big players and not by the likes of the small time operators who scribble on here. EU policies are determined by the elected leaders and parliament and not by so called bureaucrats just as in this country. David Cameron did not attempt to negotiate with bureacrats, he was working with the elected leadership at the time but maybe you didn't notice that. There is already quite a successful federal and largely European state in existence, it's called the USA in case you haven't noticed and it has a protected trading area as the Chinese have recently been discovering. I can recall the appalling state this country was in during the 50's, 60's and 70's "the sick man of Europe" fortunately those days began to fade with our joining the EU and having a prime minister who really did get the country back to work. The economic performances of Greece and Spain are determined by the policies of their governemnts and not by the EU - same as in this country and the rest of the membership for that matter; the Poles, Slovakis and Czechs don't seems to have had too much trouble recovering from years of communist mismanagement without EU "interference".

Oi tiz woider then 150 moiles me dear. You be leavin out us folks in Devon and Cornwall. Eer yago: distance from Lands End to Margate or thereabouts is 324 miles.

Why do folk take any notice of newspaper reports when the average journalist is not too bright? I haven't bought a paper for many years - waste of money. Also, 3 days ago Morgan S issues an overweight report for LLOY and they know more than newspapers or Carney for that matter.

One does not buy Lloyds to make captital gains, one buys it to receive regular divs which are a dam sight better income than you can get elsewhere and which keep you ahead of the inflation rate at the same time maintaining liquidity in case you suddenly need £3k for a new boiler for example.

325 must have been brief, it doesn't show on any of the charts. Never mind I am not profit taker rather I came in a few months ago with some spare cash because I wanted to park it somewhere safe and liquid which would get me a better yield than banks or insurance companies would offer me.

Solid old company with good regular divi yield but I doubt 400p falk - probably more like 320 unless something spectacular occurs.

Interesting that they nearly all bought shares last week at around 312; presumably no-one made them do so?

Hey Stage, There is no bounce because the effect of the the two blowhard nutters BJ & DC will if anything be adverse and the big players who really control the SP have come to that conclusion. There are plenty of other blowhards (some who post on here) will disagree with me but you can't beat market sentiment.

Thks for the note John. I am unable to comply with an EOY guess because the behaviour of human controlled market prices generally defies logic as we all know. The "corners of our world" which cannot be seen or reasoned are in fact spiritual and to begin an understanding of what is happening one need to begin studying the Holy Bible. Yes, I know that is not quite the fashion at present but that is only because mankind insists that they have all the answers which they patently do not.

I don't believe that they are "withdrawn" JR, I believe that they are deleted, scratched out, disintegrated into the ether or perhaps teleported to the nearest black hole. What surprises me is that the mods seem quite happy to allow the existence(for a time anyway) of the inane gibberish that is excreted by Oxo occasionally

Hi Woodst, I have been investing on and off for many many years and little has changed: 1. If it sounds too good to be true, it is but many still get their fingers burned or worse. 2. Property and equities are always good in the medium to long term. Although there are times when it all seems to be badly wrong, the markets always eventually recover if you don't panic. 3. Cash always loses come what may because inflation keeps reducing it's purchasing power. 4. Very few brokers or so called professionals beat the indices. This can mean just finding a low cost indice tracking vehicle which is exactly what I did when I was largely responsible for a medium sized pension scheme a few years ago and sacked the so called fund manager who had only beaten the index twice in 12 years (that saved £10k per annum immediately) LOL.

Debt is the method of buying something before you can afford it, you are effectively getting some other mug to buy it for you so it's a kind of theft in reality. Unless the lender insists on an interest rate which is above the current inflation rate in order to preserve his buying power. 10 year gilts presently yield around 0.75% so that really is thieving by the government. How do they get away with it - people imagine that it is 100% safe so they buy it. The truth is NO WAY is it safe but people still refuse to believe you if you tell them. Another demonstration of the old adage " a fool and his money are soon parted".

It never ceases to amaze me that the stock market seems to react whenever and wherever some petty conflict erupts in the world. I mean what possible diffrence does it make to the profitability of most UK companies just because some foreign terrorist got topped. The proceeds of selling the stock market is of course always cash and that does you no good at all; as Warren Buffet has said "Cash always loses" and especially these days when interest rates are virtually non-existent.

Well maybe Oxo, problem is BJ hasn't the faintest idea how to run a business let alone a whole country and not many have understood that yet.

Most economists disagree with the nearest other economist they can find. This is because contrary to popular belief economics is not a science as it is about human behaviour which much of the time defies logic. This is easily proved by observing human behaviour on a daily basis and seriously thinking about it.

It is in fact a very normal practice to award shares to employees instead of cash because: 1. If you own part of a business you are more likely to want it to succed. 2. The cash thus preserved can be used elsewhere in the business, particularly in the case of banks. 3. The employees can then choose whether and when to sell or hold the shares and many do the latter to have a "rainy day" fund which is of course further incentive to working for the business to do well. 4. Most employees like working for businesses which give bonuses (I did before I retired but not LLoyds BTW). Whether the bonuses are cash or shares is irrelevant because all successful businesses grow and that is basically how the shares become more valuable over time.

Just because Citadel take a short position doesn't mean they know anymore than you or me - they also are men and get stuff wrong sometimes. Personally I like the current yield from this solid old stock - better than a lot of other places.

I can only guess that it is finally beginning to sink in with the big investors that on reflection, the Brexit outcome will not be a bed of roses.

On what basis do you reach that conclusion? Anyway, I prefer the Warren Buffet method of investing - "Never invest for short term gains - that is not investing that is gambling."