Member Info for Gate13Boy

Is DISSPOINTING a verb too ? 🤔

Chemring going along nicely too. Up over 7% since buyback announced and started on Aug 1st.

ForensicBloo

“I'm stuck in this share.”

Can you explain why you are stuck in this share ?

Don’t hold the stock then - Simples.

Do you think putting your musings in CAPITAL letters in some way enhances the value of your opinions ?

MPO818,

Would you be happy at the end of the buyback if the share price was above the average price of the shares bought back ? There’s still a way to go and only a few days ago the share price was 45p in any case. Hardly a disaster 🙄

You’ve lost me. What point are you making ? We’re talking about people who went onto a SVR.

More the fool them for not re-mortgaging earlier. My brother was one of them for 6 months 😂

If higher interest rates livestock were the key to a higher Lloyds bank share price, it would have translated by now. The share price is lower now than it was the base rate was less than 1%.

Yup, it’s going to be painful for some.

https://uk.finance.yahoo.com/news/one-third-of-uk-households-struggling-with-rent-or-mortgage-payments-095939998.html

A large number of people will be remortgaging next year. That’s when the impact of higher rates will hit. Higher interest rates mean it is more expensive for companies to borrow and many will fold meaning people lose their jobs. That’s what happens in a recession.

Out of curiosity livestock, do you pay a mortgage, rent or live at home still ?

Mick

“GOV should have put up taxes on unearned income (interest, dividends, CGT) AND reinstated mortgage interest deductions for people who let out property”

Sounds like robbing Peter to pay Paul to me. So, you want to tax those who have shares and savings to fund those who have multiple homes ? 🤔

Lloyds is actually up today if you strip the dividend out 😉

Agreed SRBS,

I paid mortgages at double figures. Fortunately I have no mortgage now so higher rates actually suit me but I fear the worst for those about to remortgage or those renting. Interest rates below 1% for over a decade led people to believe they would stay at low levels. I would have stress-tested at 10% rates those applying for mortgages. That hasn’t been done and now people are going to struggle.

As has been explained to you before livestock, Net Interest Margins are not the Holy Grail. Higher interest rates mean a falling housing market, companies Lloyds lend to failing and defaults on mortgages and credit cards who Lloyds have lent to. Besides savers are beginning to switch accounts to get a better rate of interest so Lloyds etc are going to be forced to increase their savers rates to compete.

My thoughts too skier. I was all for aggressive rate rises much earlier. The BoE have been totally incompetent. I don’t see the point in crashing the economy now with a hard landing by large rate rises.

2 went for 1/2%, 6 for 1/4% and 1 for no change apparently

1/4% it is

Guesses please.

0.25% for me (although I’d prefer a pause with no movement)

I’m afraid some of the investors who write articles for the “fool” are not that clever themselves. I’d agree with him that at the moment, heading into a recession, the share price is probably about where it should be. A falling housing market, company failures and rising credit card debts some of which will end in default are not good business for Lloyds. In the meantime, removing shares from the register through buybacks is a good deployment of excess capital.

These have been a great recovery play. Bought these at 85p after Covid. More to go hopefully. Sound company.