Member Info for fleccy

I've only glanced at this thread, but this is what I've quickly found.

https://www.citra.co.uk/pathways/

"Your pathwayfrom renting to home ownership

We provide quality rental homes in places where people want to live and work, with a focus on new homes for families and professionals.

We also realise it can be difficult to get your foot on the property ladder and we want to help you own your home.

Our Pathways scheme lets you try before you buy. You can choose to rent for as long as it suits you, and then later you can buy your home through shared ownership. In most cases, you’ll only need a deposit of 5% of the share you’re buying."

https://www.gov.uk/guidance/capital-funding-guide/2-rent-to-buy#:~:text=1%20Organisations%20must%20be%20Registered,1.3.

"1.3.4 After the initial five year letting period the provider may continue offering the property as Rent to Buy; sell the home on an outright basis with the tenant being given the right of first refusal; or retain and convert the home as rented housing on either an affordable or market rent basis."

"2.1.3 If, after the initial five years of letting, the landlord wishes to sell the property the existing tenant should have the right of first refusal.

2.1.4 If at any point after the initial five years of letting the tenants submit a request to buy their home, it is expected that the landlord would agree to sell except in the most exceptional circumstances."

https://www.gov.uk/guidance/capital-funding-guide/1-help-to-buy-shared-ownership

Where does this 35% discount come from? As far as I can tell rent to buy opens the possibility of shared ownership after 5 years, where the tenant is given the option to purchase a stake in the property.

It all depends on your strategy. BT is currently yielding over 7% and if the price stays this low for a sustained period of time, the compounding effect from reinvesting that 7% plus yield can be likened to a form of growth.

https://docs.google.com/spreadsheets/d/e/2PACX-1vRYwu6rv7Vk2093vnE9975iJIfiNBDGYW08VmYU2MK2tsi0o9bA3rDwV9NV0XA6QJrkQeqet_jppwWg/pubchart?oid=257670331&format=interactive

Lets say BT stayed around the current price for 10 years with an initial investment of £100,000, you then reinvest your 7% yield back into BT every year, after 11 years of reinvestment you'll have more than doubled your initial investment and should BT's share price increase after year 11 you could benefit from that too.

The silver lining is that should BT's price drop further, and as long as the dividends are maintained, the yield will increase and your yearly reinvestment will buy even more stock.

Compounding is a well understood concept, but the decade long unprecedented low interest rate environment, and unbelievable outperformance of US stocks, appears to have hypnotised many into only considering growth type stocks. Should you be lucky enough to pick a stock that climbs stratospherically, like Rolls Royce has recently, then I'd suggest you've done well and your stock pick has worked in your favour; I'd rather pick reasonably safe stocks with good dividend yields and realise growth through reinvestment and compounding.

The caveat to the above is that dividends aren't guaranteed, but the outperformance of "Growth" over "Value" stocks isn't guaranteed either.

It's a pointless exercise guessing the short term direction of a stock, which is why I don't play the guessing game on the Vodafone page. Disregarding the class action, I think it's safe to assume that BT is reasonably close to the bottom and is unlikely to see significant large long term price drops below £1, so in my opinion the current price is probably a reasonably safe area to consider investing; That said, I'd wait until the result of the class action lawsuit is in before considering buying more BT stock, since should BT lose then the price would likely take a hit and dip into the 90p to 100p range for a time. I'd suggest the shorters are currently betting on the class action result, should BT win I'd expect the short positions to be closed in short order and see BT's share price spike upward.

"There wont be strong buyers but there will be sellers , with any buyers only wanting to buy... cheaper ...IMO"

Poker it's just as well you put an imo on the end of that comment, since the lower BT's price drops the more resistance due to bottom feeder buyers. Everyone knows BT is undervalued at current levels, should the price drop below £1 then you can be sure it'll pull in a lot of buyers. A £1 share price would value BT at under £10 Billion and £9 Billion at 90p , I would suggest the there would be a lot of buyers at sub £1.

The OECD is a Paris based organisation, that tells you everything you need to know when it comes to their predictions.

Who cares if Paddy Power goes to the US, Its business model of Online Betting is morally questionable, I'd tax the ar5@ off them for any business they do in the UK while ensuring the tax doesn't come from the punters laying the bets.

I don't wish for anyone to lose money Pas, In fact my posts are worded in a way to encourage caution.

As far as my investments are concerned, I'm showing a significant paper loss on my BT and Vodafone investments, but I'm seeing a good paper profit on my Lloyds shares. All three of them pay good dividends giving me a choice to take the cash, or reinvest while I consider my chosen stocks to be cheap.

There are a few things that worry me about QBT.

First it's the history of the company, being formed from the ashes of Clear Leisure and going from a company investing in theme parks to a technology company. Choosing a name like Quantum Blockchain Technology was obviously aimed at tapping into the hype permeating throughout the tech focused investment community, they missed out on slotting AI into the name.

What QBT are trying to achieve is like a holy Grail to the Bitcoin miners; But with the many Billions of investment poured into Bitcoin mining, you'd think the miners themselves would have found quicker methods if it's possible, rather than pooling thousands of ASIC's and focusing on brute force Hashing power.

Even if QBT have found something, they'll probably need scale to make it work and there's no guarantee the large miners will want to incorporate it into their operations.

QBT's updates don't inspire confidence, with the last one suggesting there are issues commercialising the products and they can't give a timeline when the issues will be resolved:

"All of the Company’s current efforts are now focused on turning Methods A, B and C, into commercial products. This has proved a very time consuming, due to the tremendous reverse engineering efforts involved in using totally undocumented third-party ASIC chips."

https://www.lse.co.uk/rns/QBT/rd-update-wkfr1diw051iepo.html

All these contribute to my opinion that QBT have a less that 10% chance of commercialising their products, if I'm wrong I'll happily eat humble pie.

Pas would you bet over £100k on the toss of a coin, knowing you had a 50/50 chance of winning? I used the term less than a toss of a coin to give a visualisation of the risk I believe Obelix and others are taking. In terms of the less than 10% comment, I was trying to indicate that I am open minded since I can't say there's a 0% chance of QBT being successful.

It'll be interesting to see if any large Off Book trades are reported later today, they're not price setting but that spike up is unusual. Maybe someone fat fingered one of the algo's programmed to push the price down, causing the price to climb instead.

If you're being honest about your QBT investments, you'll deserve your winnings should QBT succeed. In my opinion the chances of QBT achieving their goals are extremely low, by extremely low I'm thinking less than 10%. To bet well over £100k on something I consider has less chance than a coin toss, makes you extremely brave, I can only assume you're rich enough to not miss the cash you've bet on QBT should the companies offering fail.

Cursedddddd

https://www.youtube.com/watch?v=vMef23zFSuU

Total Voting rights 498,879,186 lower for April.

https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1812824850&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1451011517&format=interactive

I can't claim to understand the FCA regulations but MS are reporting these as 8.A voting rights, which would indicate they're holding the stock. If they'd loaned out the stock for shorting, then I assume they wouldn't hold any voting rights since the shares would have been sold as part of a short position.

https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter

I didn't read the full RNS, just looked at the percentage and calculated the number of shares based on total voting rights of 9,952,100,727.

Looks as though MS bought some stock to their 8A position, 0.001375% (136,841 shares).

https://www.lse.co.uk/rns/BT.A/holdings-in-company-9ys1uequwl4e0zy.html

I must admit it confused me too.

It looks as though they reduced their 8A Share Holding position to 0, but added a further 0.315403% to their 8B1/2 Financial Instrument's position.

I'm already seeing £13,000 paper profit on my Lloyds holdings, but I consider 60p as too cheap. I don't mind holding and collecting dividends in the meantime, while I wait for 70p+

Personally I'm looking at 70p a share, before I'll even think about selling my Lloyds holdings.

I doubt it's the FCA investigation holding Lloyds back, for example on the 30/01/2023, Natwest's closing price was 308.6p and the Lloyds closing price was 52.98p; Pretty close to the current prices, which is surprising since Lloyds have had a £2 Billion buyback since then; Natwest also had a Buyback in May 2023, of Government held shares valued at £1.259 Billion.

If it's the potential Motor Finance compensation speculation that's causing Lloyds underperformance, either Lloyds are underplaying the impact of the compensation payouts, or the Martin Lewis type speculation is way over the top.

Qver the last 6 months, Lloyds is up by 30%, Barclays is up by 58% and Natwest is up by 74.5%. If Lloyds had seen the same percentage increase as Natwest since the 1st Nov 2023, Lloyds share price would now be 70p per share, can someone explain to me why Lloyds is underperforming Natwest an Barclays?

https://docs.google.com/spreadsheets/d/e/2PACX-1vSVzuExpz8wA6wSe4UYNF77ABNpeZl6fyFbNG9CvFN9Dfan-bb1ShTTcPXaj77fXju6TMPEIPkjDys5/pubchart?oid=1767587241&format=interactive