Member Info for Gunsup

LTI

"Berkshire Hathaway has done recently is to sell some of their Apple shares"...

For sure they sold a load of the Apple stock ... 55.8% they sold in the first six months of 2024.. Which I may not be calling some... Plus recently half a billion $ of Bank of America stock..

Regardless of exact figure we agree this thing.....BH holding a fair chunk of Cash. How many lloyds bank shares they own?

You also say "Lloyds up about 40% since 12 months ago "...

Which is true but then you say..

"Apple shares, which are trading on a high p/e ratio which has to be taken into consideration along with further future growth potential in comparison to past growth levels"...

So is you thinking Lloyds go up another 40% next year... If not....

LTI

"Maybe you should think of the decade + where the interest on cash was virtually Zero"..

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There you go again bros. like the wind up clockwork mouse... Did I say I had money invested in cash then? Too many assumptions.

zero rates not matching inflation not for me... I held far more in equities but times change.

A lot of my "cash holdings" are fixed for several yrs...15 Isas in the mix..

When rates were low I held more in my S&S ISA.. But now... Interest rates are almost double the inflation and I've de risked a lot of my assets. Theses are troubled times that is for sure... The Wests economic model is being challenged like never before.

LTI

Let me help you with the BH cash position as you are using the old data...As 17.7% would relate to somewhere, lets see.

£189billion and is now $276bn...

https://ycharts.com/companies/BRK.A/cash_on_hand

LTI

Morning bros...

18th October 2019 the Lloyds Sp was 60.19p-..

Using 1 yr is not telling the whole story here. Plus divis were "missed"..

Evening bros

LTI..

"No capital growth in cash"

All I say is ...Interest paid next month....

ISA virgin money...07/09/24 4.8%

Leeds BS. 02/09/24 5.25%

Nationwide 29/09/24 5.5%

M&S savings 14/09/24 4.8%

Next month....Plenty more..

I Keep some skin in the markets but in uncertain times "cash" is still king"

If in doubt ask the Warren Buffet.

LTI not holding any gold as he would have post.

Gold at record high..

Is important to consider why...

"Investors, both private individuals and institutions, are turning to precious metals to preserve and boost their wealth amid global economic uncertainty"...

20% up this year....

Gold is the worlds only true universal currency...

Evening Bros...

Depend wat is driving the GDP growth...Now here is the thing..Big driver GDP consumer spending.

Govt throwing a lot of money around in the one guise or the other. take the benefits..

Not just in this country either

The Romanian town 'built on British benefits'..."More than 100 homes in Tandarei, Romania, built with money earned illegally in the UK, Scotland Yard has claimed"..... .

Then we has the legal benefits..

Britain has a ‘Social Security Agreement’ with some countries to cover some Incapacity Benefit payments. You may be able to continue getting UK benefits while abroad.

The Social Security Agreement countries are:

Barbados

Israel

Jamaica

Jersey and Guernsey

Republics of the former Yugoslavia

The Philippines

Turkey

USA

Lets reduce the benefits and see how much real growth their is..

Gate

Respect

All that change is the passenger list. Good ship Uk still heading same direction and Civil service still at the helm despite what we are led to believe...

I expected nothing less is why I not vote for any party in last election.

Morning Bros..

Ollerdeekid

Respect

Good points.

For sure the public sector where short changed for around a decade during the austerity almost zero pay rise.... Now they is playing catch up...As for the Covid. Yes no doubt they kept essential services running..

One thing that surprise me is how the markets are not rattled by the Labours plans.. even with a global conflict balance on the knife edge..

Big shout out to BT Openreach. 10/10 for service when I ask their wayleave team about payment for having their fiber cables under a road I own that serves other properties. Within 2 week all sorted and payment made.

Taverham.. Inflation is what they want. . "inflating out of debt"

https://ptmwealth.com/articles/what-does-it-mean-for-the-government-to-inflate-away-debt

Morning bros.

So Mr Breton, he the EU Commissioner for internal market, had the written warning from the USA House of Representatives over his threat of penalties for Elon Musk and X..

Maybe free speech is not as dead as we thought....

Uk may roll over for the EU but US won't. Musk for sure has some powerful associates...

STP.

Trust Russia, dangerous.

How much we trust the USA or Even Europe for that matter. Always best to be self sufficient were is possible to my mind.

Was a disaster the way Afghanistan ended up. Taliban had military show the other day. Rows of Humvees and other kit? why these not destroyed?

LeeRex

This war is taking place in many arenas. The hard war and the soft war. Russia and its allies are still very dangerous indeed..

As the author David Baldacci was once told by one of his sources. "If you can imagine something its probably already Occurred".

A wider conflict is the last thing we need, especially with a nation that has NCB capabilities..... but no one it seem is talking peace...

I did wonder why UK Parliament not being recalled over incursion into Russia. If I recall this. We were suppling weapons to defend Ukraine. Is a different matter this.

Gate

Respect..

Bros.. Lets see where we are next year.

Not forget in 2022 President Biden he introduce the 1 per cent tax on share buybacks to " help alleviate the cost-of-living crisis in America"...

WSJ ran the article last year "The 1% Stock-Buyback Tax Hasn’t Slowed Repurchases. A Proposed 4% Tax Might"..

There was a bill presented to that effect

Is this on Uk Chancellor RR radar. Who know?

LeeRex

Respect

Thats the way it is....Follow the money

Merkel thought she had it in the bag. Nordstream 11, Putin in the palm of her hand.. Uncle Sam not so keen on that cosy relationship....

Trump he did say "Nord Stream 2 could turn Europe into a "hostage of Russia"..... he placed sanctions on any company assisting Russia to complete the pipeline.. Biden the same..

Still not have to worry about that now do they?

"Germany's biggest bank has hailed the UK stock market's 'remarkable' performance and backed the 'best of British' shares to pull further ahead of European rivals in the months ahead.

Experts at Deutsche Bank said London's FTSE 100 outpaced the eurozone's leading index by 10 per cent since the start of April.

The report came as a chorus of experts also signalled a brighter outlook for UK equities.

The shift in sentiment follows a grim period for London as bombed-out valuations left companies vulnerable to foreign takeovers and prompted others to jump ship to list overseas

Now, however, Britain is looking increasingly attractive partly thanks to political stability in the wake of the election at a time when Germany, France and the US are gripped by turmoil".

https://www.msn.com/en-gb/money/other/germanys-biggest-bank-hails-remarkable-uk-stock-market/ar-AA1oSzyM?ocid=BingNewsVerp

The ship we left appears to be sinking🤣🤣🤣🤣

Rheinmetall however is going the great guns with the orders for weapons piling up...

Morning bros.

Worth keeping an eye on Metallgesellschaft metals and mining in Germany and the Siemens for that matter.

60,000 jobs on the line with the MG alone. It is one of Germans top 20 companies. French banks playing the hard ball.

LTI

Bit multifaceted this one . Part of the buyback strategy as I see it with lloyds is to offset the dilution caused by employee stock option plans, trying to ensuring that the value of existing shares is not eroded.

The cancellation strategy is one that is aimed at improving the key financial ratios.

You know what I am saying?

This will open tomorrow at 58.48

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Chill Bros...

More trouble with computers and banks........ 🤣🤣🤣Little Britain.

https://www.youtube.com/watch?v=x0YGZPycMEU

HU.

Respect but that only a very small trade.

LSE have the Close price / date

58.48 / 15 August 2024

Also msn they say the same

https://www.msn.com/en-gb/money/watchlist?tab=Related&id=aob7c7&ocid=ansMSNMoney11&duration=1D&src=b_secdans&relatedQuoteId=aob7c7&relatedSource=MlAl

MSN also show.

"LLOY is rated "Buy" with a 12-month target price of 0.6199

Which as we know is just above P/B. Which is my preferred metric when valuing a bank.

STP

"Gusup, UBS share price has spiked on the news, so clear the decision was welcomed by te markets".

You are a funny one bros that is for sure.

UBS despite this problem performed well. But we now has two major banks reporting big write downs with CRE both in ailing Germany and the USA.

Big banks they may be able to absorb this but others as we has seen not possible..