Member Info for fleccy

Sorry JP Morgan, I've been looking at MS articles earlier and typo'd

It's most likely Morgan Stanley talking their own book. The article hints at the catalyst being interest rates rising and how they can say Natwest as Positive and Lloyds as Negative is a mystery, since they both serve the same market and share similar NIM profiles. I get the impression they are trying to sway prospective investors toward Barclays and Natwest.

It's about fairness Skier, US Tech have been allowed to grow by acquiring the competition and therefore stifling opportunities for Tech to grow in other countries; When they don't get their own way they throw their toys out of the pram and accuse everyone else of either not understanding or being "closed for business". I'm actually astounded about where the money has come from to finance many of the projects coming out of US Tech, they seemed to have access to unlimited funding well before they became established and profitable.

Using Musk as an example of what I'm talking about, he appears to throw money at various projects, some have failed and many have questionable business models. Starlink is a good example of a business I consider questionable, with a plan to put 12,000 satellites in orbit with each satellite having an average lifespan of just 5 to 6 years, whereas OneWeb's model calls for around 720 satellites, which seems far more sensible in my opinion. I can't see Starlink ever making a profit, since the amount of satellites and their lifespan would suggest otherwise. Tesla is an example of a stratospheric valuation feeding back into financing a business from scratch, with Telsa not long ago valued at more than all the other car manufacturers put together, and that was before the company made a profit.

As far as the NHS vs the US healthcare; Without health insurance, try and manage in the US with a chronic illness, or requiring something like a kidney transplant.

Skier, why don't you move to the US if you love it so much? Personally I'd hate to live in a country where everyone carries guns, and medical bills can bankrupt you if you fall on hard times. As far as US wealth, they can thank the US Dollar reserve currency status for that, they just run the printing presses harder and harder and rely on the rest of the World to bail them out by buying US debt. Much of the US population are poor and have to do multiple jobs to get by; The US is no paradise, I wouldn't want to live there.

There's something amiss with the US Tech Giants, they've become vehicles to take over other companies internationally and stifle innovation in other countries. They're mopping up companies all over the place and because of their apparently unlimited access to funding, they're dominating in areas you wouldn't expect like cloud, which should be the domain of Telecom companies; In the meantime they're getting a free lunch through Net Neutrality and driving bandwidth requirements ever higher, placing an extra burden on Telecom companies who do face competition.

There's a case for breaking up the big US Tech Giants, since they're skewing the competitive landscape and crying foul whenever regulators stand up to them, like the recent Microsoft/Activision controversy; The only reason the EU regulators waved it through is because the UK CMA had already done the dirty work, of course it's now going to court through the Competition Appeals Tribunal. There are other cases like the Nvidia ARM Holdings takeover rejection and the Meta/Giphy takeover rejection, but it seems to be the UK who have the power to halt these deals, with the US regulators shown to be toothless. What upsets me most is seeing US companies swooping in and preying on UK companies without a peep from the UK Government, who appear woke and useless irrespective of the Party.

I was being defensive, because historically you've been dismissive of the amount of shares Lloyds Block List, which is a lot of shares.

You're being picky LTI, it was only yesterday, and yes I realise the buybacks will wash out the figure.

I didn't realise Lloyds Bank did daily updates on Companies house. At the end of May the Total Voting Rights were 65,652,037,259 and on the statement of capital it's now showing as 65,877,145,067, an increase of 225,107,808. Without adding up all the allotted shares, it is surprising considering shares that have been bought back and cancelled since the last Voting rights RNS. It can be seen from the chart below that Lloyds do allot around 8 Million shares every month irrespective of buybacks.

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

Allotments like this would be lost in the buyback forest by the end of this month.

Anything reducing the number of players would be seen as a good thing by the market. I'm invested in Vodafone and BT for different reasons, and I can see the benefit if the regulators allow this; That said I'm surprised the regulators might be considering waving this through, as a merger between the number 3 & 4 mobile providers will lead to a reduction in competition.

Bob, where did you get the information showing a rise in the amount of circulating shares?

😂 I'm not even directing my posts at you guys, enjoy your green boxes.

These interview's with Gary Gensler tells you everything you need to know about the future of Bitcoin and Crypto in general. He makes it clear he's after anything and anyone associated with Crypto, describing them as having a catch us if you can attitude, and even made a veiled threat at US Financial Advisors who may have helped clients with crypto investing, but that was on the end of the interview and not included in the CNBC YouTube video, but is covered in the Bloomberg video.

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

And the Bloomberg interview

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

I'm surprised the Bitcoin price is currently going up, because the US regulators have all but declared war on the sector.

Not obsessed, just interested. You guys are something else, you can't argue against the things I post so you try and attack me personally. Sometimes I wonder how much you guys actually know, most of you probably didn't even know about things like Block pace, Bitcoin Difficulty, Halvings, etc, etc until I mentioned them in my previous posts. You should be thanking me for educating you. 🤣

Pas I've spent loads of time thinking about Crypto, but I see it as a poor substitute for technology already available. Debit cards, or smartphone's, can be used for any over the counter transactions, in fact I can't remember the last time I used notes or coins for anything. As the use cases for BTC have been disproved, the vested interests have changed the narrative to keep the hype alive; First BTC was supposed to be a currency and when that narrative was trashed it suddenly became digital gold, a hedge against inflation and a store of value. Clearly BTC is too volatile to be a store of anything, or a hedge against inflation.

I can do bank transfers from my online account in seconds and fast transfer means it's done within two hours, personally for UK transfers I've found it pretty much instantaneous. Bitcoin's great if you want to do international transfers, out of sight of authorities, or use it to collect ransoms from ransomware attacks, so it's perfect for criminals.

The miners have to charge high transaction fees to lift their profits and that will only get worse after each halving, so it's only really suitable for doing big transactions out of sight of international authorities and I don't see the "Lightning" network changing much on a macro scale either.

You mention IOT, AI and Blockchain, all of which are useful technologies when disassociated with Crypto's like BTC; I'd put Web3 in the same hype bin as NFT's, Crypto's like BTC and others also unworthy of consideration.

"and alot of what you post isn't relevant- like binance being sued, if you read the news properly then you would know bitcoin isn't really affected."

You can't pick and choose, I don't see you complaining when someone posts something like "BTC is going up, we should see a rise on QBT tomorrow", so if I post something relevant to the BTC price, why is that somehow irrelevant?

Tell me what I've posted that's false? If as you say, everything I "have posted so far has been responded to and shown to be false", then you shouldn't have much trouble finding loads of examples.

I wont bother going back through my history, but you're correct that I did get bored and decided to to go into spectator mode, but quite a few insults were thrown at me when I stepped back so I decided to start posting again.

As far as continuing to post on here, I'll post whenever I have something to say. As long as I post factually correct information, or make clear when I'm expressing an opinion, you should present arguments disputing what I say, not shut down the debate just because you don't like what I say. If I was continually posting shallow comments, without substance, and repeating the same narrative over and over again, then you'd be right to be critical but I don't do that. I express opinions based on new information, not repetitive copy an paste post like some of the rampers.

I'll happily debate my opinions and admit it if I've misunderstood things and said something that's incorrect, but instead of presenting valid arguments against my posts you guys just tell me not to post, and try and shut down anything you don't like.

My interpretation of what Applby's saying, is that big money wont lift the price until retail capitulation occurs. He'd have to clarify that he wasn't including the likes of E& and Liberty in his "private investors" category. Over 50% of the circulating shares are now held by the top 20 shareholders, they're the ones that'll decide the direction of the price dependent on whether they top up or sell.

Coinbase is now being sued by the SEC too.

Binance will be FUBAR'd by this, the only question is the fallout for the rest of the Crypto industry. It's pretty clear that the crypto ecosystem is plagued by corrupt and manipulative players, the only thing that's surprising is why it's taking so long for the various regulatory authorities to go after the crooks. All the words and excuses wont help Binance with this and the US financial enforcement reach is virtually unlimited, so I'd say Binance is currently facing an existential threat.

Articles like this target shares like Lloyds because the stock is popular with retail, meanwhile they'll release other articles pumping stocks they want to promote. It's just their opinion and should be treated in that light. Personally I invest where I see value and I don't worry about short term fluctuations in the share price, but I do enjoy receiving the dividends when they come through, and the lower the price the better the dividends from reinvestment going forward. I have zero leverage and can stay invested for the extreme long term, so my main concern is that companies I'm invested in are at low risk of going bust.