All that this says is that Lloyds one of many decent income stocks in the FTSE100 and should be part of any diverse and balanced portfolio. Sticking all your eggs in one basket like Lloyds or even in one sector by holding Lloyds Barclays or HSBC to the exclusion of other dividend yielding stocks is IMHO a recipe for disaster. PS: this thread is a bit "on-topic" for this board surely?
At least Boeing is beginning to acknowledge the magnitude of its failure to prevent a single (albeit rare) set of circumstances leading to the loss of an aircraft. No doubt heads will roll and the corporate culture will have to change. However, the resolution of the issue and an end to the fleet grounding, while not directly impacting RR, should restore some confidence in a sector which is under pressure from a variety of sources and have a positive impact on engine sales and fleet investment/expansion.
Woodford's shuttered Equity Income fund to be wound up by January. He recently bought into Lloyds (Oct 1st) so these will be dumped back onto the market ditto BATS, BT, ICAG, RBS and LGEN. Must admit I thought about buying in when he started up, glad I did not.
Questor column Daily Telegraph: Why we are selling Woodford Patient Capital. "The time has come: we are pulling the plug on Woodford Patient Capital. "Why have we run out of, well, patience? It’s quite a list but the first reason is simply that we think the shares have further to fall".
I agree that does not look like a good sign for Lloyds. Woodford seems to unerringly pick the duds, even when buying back into the FTSE100 to cover his other manifestly stupid mistakes. Feel sorry for all of the poor suckers who followed him over from Investco. There must be a lot of broken dreams and doomed retirements on the back of his folly.
Little of it about I am afraid. On top of RR's ongoing technical problems and the uncertainty over Boeing and the USA/China trade war we now have a worrying survey that suggests the climate change agenda will impact severely on the public's willingness to get on a plane. In a recent survey conducted by UBS, 21% of respondents (USA and EU) stated that they had deliberately reduced the frequency with which they used air travel. So called "flight shame" could reduce Boeing/Airbus orders by up to 110 planes each year and cut passenger growth in the EU by 1.5% per annum and by a greater extent in the USA where 26% of respondents stated that they had reduced the extent to which they used air travel. The survey was conducted in May of this year and UBS stated that if anything negative attitudes towards air travel had hardened since then.
Another fat divi rolls in and is duly reinvested. Phoenix the gift that keeps on giving. This should be a more popular play that it would seem to be at present. Far better than risking it all daydreaming about getting rich quick buying AIM shares like UKOG and SXX.
Sorry but anyone who revealed the brutality of Robert Mugabe towards his own people, exposed Roy Meadows for the fraud he was as a so called "expert witness" in the Sally Field trial, had a go at the Barclay Brothers (how sinister are those freaks!) and called out Scientology for the controlling and dangerous pseudo-religious cult that it really is gets my vote over journalists at the Sun any day of the week.
I think that conflating the Sun and the BBC is taking it a bit too far matey. While I may not agree with the tone of all of the BBC news coverage I do not think they have ever plumbed the depths that the Sun has frequently descended to. Ask the inhabitants of Liverpool and they will set you straight.
RE: RE: RE:Lloyds n Brexit are linked, regardless17 Sep 2019 12:57
Fraid AA Milne passed me by, ditto Beatrice Potter. More of an Arthur Ransome/CS Forrester/WE John's fan as a kid. Reading the former was considered a bit girly in our neck of the woods. For humour you cannot beat the Molesworth quartet (Searle/Willans)
Can this despicable excuse for a Newspaper sink any lower than this? I would not even use it as toilet paper, but I sincerely hope that those people who choose to read it now decide that enough is enough and boycott it. https://www.bbc.co.uk/sport/cricket/49726913
In short no, just PR spin. If he cannot get Hive to generate significant income then I doubt a glorified energy consultancy will plug the profits gap here. Credibility is all and currently that is a commodity in very short supply at Centrica HQ.
RE: OVO laughing all the way to the bank.17 Sep 2019 09:46
I got out of Centrica for exactly the same reason that SSE have offloaded their retail business and was about to do the same with SSE until the OVO news hit. Mr Market obviously likes this and it has taken a great deal of regulatory and political pressure off the company. Absolutely delighted and will now hold.
In truth SXX have been royally shafted by a government too preoccupied with self preservation and the doctrine of Brexit to pay any attention to owt else. Good luck to Boris in the Northern seats he hopes to gain from Labour. Northern Powerhouse my a**e!
RE:Lloyds n Brexit are linked, regardless16 Sep 2019 18:37
I see no scenario, deal or no deal, which will result in anything else but economic stagnation (at best) or recession (at worst). As the LLoys's SP is tightly linked to the UK economy then as an investment opportunity you are looking at dead money for the next 3-5 years. Simples. Buy Unilever, Astra Zeneca, GSK or even Rolls Royce and avoid anything which earns its crust in the UK alone.
Don't know where you guys are living and eating out in Spain but it sounds more like Wetherspoons than the any one of a hundred places I can dine out handsomely round my gaff for about 10-12 Euro and that includes a bottle of wine. I have now trained my local butcher up and can get him to produce a very acceptable french-trimmed rack of lamb too!