Member Info for Gate13Boy

Morning 88. Yes anything below 7% 2mrw would be great 🤞👍

Https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment

Unemployment on the rise. Time to take a pause with interest rates.

An impressive number LTI 👍

Livestock,

Now you’re getting somewhere 😉

The central banks are crudely using interest rate rises to quell inflation and the danger is that they tip economies into recession because the full effect of each rate rise is not felt for over a year. I personally think they should stop the rate rises now to de-risk over-tightening which would ensure a recession. Lloyds current share price is nothing to with a buyback going on. Buybacks increase the share price mathematically whilst sentiment, results and buying/selling drive the price. So let’s not hear anymore nonsense about buybacks. Looks at the Magnificent Seven stocks in the USA and see how many buybacks have been used there.

One day you’ll understand what drives Lloyds share price livestock. You really are extremely naive if you think the current price is due to buybacks. A bit like you think ever-rising interest rates is good for Lloyds. Have you worked out yet why Lloyds share price is lower now with base rates at 5 1/4% than it was when base rates were under 1% ? Without being patronising, you have a lot to learn fella 😉

“if Labour turn out to be even worse then God help us.”

I’m sure they will be worse. More wastage and more taxation asides the damage they will do to business.

Reform Party for me at the next election in my safe Tory seat.

They do indeed 😉

Yes in all seven challenges Asperger, Lloyds is the loser 😂

Jam tomorrow as always with Lloyds SUF 🤪

“Once” not one 😉

For one Chuckleberry is talking some sense. There is no logical reason why the share price should go up “after” the buyback has been completed. Over its duration this buyback will have increased the share price by 2 or 3 pence. Why the price is languishing where it is is due to ongoing concerns about the economy, future bad debt provisions (both company loan defaults to Lloyds and mortgage delinquencies, a falling housing market (where Lloyds is heavily exposed) and a lack of perceived future profit growth. The livestock camp naively think that higher interest rates are the golden goose for Lloyds but they come with increased impairments. If increasing Net Interest Margins are being so beneficial to Lloyds, they need to ask themselves why the share price is lower now than it was when base rates were below 1%. I sold 1/2 my holding in March at my 51p break even point as I believe the money is best invested elsewhere. In the meantime, the buybacks are increasing shareholder value here. The other fly in the ointment for Lloyds of course is a potential Labour government imposing a windfall tax on the banks. Those who seemingly despise the buybacks and believe they are being detrimental to Lloyds share price need to broaden their agenda here. Buybacks are hugely used in the USA in the Magnificent Seven stocks there.

“Sir Keir Starmer is under pressure from union bosses to launch a tax raid on wealthy Britons’ assets in the event of a Labour victory at the next election.

The Trade Unions Congress (TUC) said it was “time to start a national conversation about taxing wealth” as the Labour leader prepares to set out his stall for the upcoming general election campaign ahead of party conference season.

Around a quarter of Labour’s donations come from unions, with the party receiving £5.1m in 2022, a sum which was down from £6.7m a year earlier.

Under the TUC’s plan, wealthy individuals would pay a “one-off” tax of 1.7pc on their assets over £3m.

This would rise to 2.1pc on wealth above £5m, and 3.5pc on assets over £10m.”

Socialism in its finest form……🙄

I doubt there’s any conspiracy here. I would imagine they are just inter market-maker transfers.

Another 32m shares off the register today 👍👍

Very *good*

Agreed skier,

We do like to be down on ourselves in this country. I’d like to see us exploit Brexit freedoms better than we have been. The future could be very for the UK 🇬🇧

Good news TFE 👍 I remain unconvinced we won’t have a recession mind 🤔

US Core Inflation Rate is at 4.65%, compared to 4.83% last month and 5.91% last year. The Core US Inflation Rate is one of the most important metrics for the US Economy.

Mortgage arrears rise among homeowners and landlords

A growing number of homeowners and landlords fell into arrears with their mortgage in the second quarter of 2023, according to figures from a trade association.

UK Finance, which released the figures, said home repossessions are expected to rise, given ongoing cost-of-living challenges.

There were 81,900 homeowner mortgages in arrears of 2.5pc or more of the outstanding balance in the second quarter of 2023, which was 7pc higher than in the previous quarter.

Within the total, 28,690 homeowners had arrears in the most severe band of more than 10% of the mortgage balance, which was up by 2pc compared with the previous quarter.

There were 8,980 buy-to-let mortgages in arrears of 2.5pc or more of the outstanding balance in the second quarter of 2023, 28pc higher than in the previous quarter.

Mortgages in arrears accounted for 0.93pc of homeowner mortgages outstanding and 0.44pc of buy-to-let mortgages outstanding in the second quarter of 2023, UK Finance said.

Some 610 homeowner mortgaged properties were repossessed in the second quarter of 2023, 19pc fewer than in the previous quarter.

And 440 buy-to-let mortgaged properties were repossessed in the second quarter of 2023, which was 7pc more than in the previous quarter.

Indeed hardup. He is the encyclopaedia definition of a troll. I feel a tad sorry for him recommending his own posts. His life must be rather empty.