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Mick-b

Respect. You are a wise man that is for sure.

I also find it very odd that bros making the announcement about the British ISA without it being as the Mr Johnson would say. Oven ready.

Another jam tomorrow budget from the as some calling him the fiscal drag queen Chancellor.

LTI

"I think most people on here are mostly interested in the UK's debt level as measured against GDP, which is lower currently than the US"...

For sure but the USA is the beating heart of the Western economic system. At the moment seems to be in AF and no one can find the Digoxin.

Bidenomics not working with debt racking up at the rate of an extra $1tn every 100 days. How long this go on?

No wonder we sees the gold rising. China big buyer..

Car finance an issue that is for sure but maybe CRE is where the real problems start.

Both Yellen and Powell seeming very uncertain when they last spoke ...

Skier1

Respect

For sure that can be the case. unless you make the weapons to sell

You will be familiar with William Armstrong, the 1st Baron Armstrong.. Did very nice from the war as we sees with properties such as the one called Craigside.

LTI

Who says the Uk benefitted?

"America's response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled"..

https://prospect.org/health/way-won-america-s-economic-breakthrough-world-war-ii/

Hope all is well in the Lloyds manor.

Quick lunch post.

"Between 1999 and 2002 the Treasury sold 401 tonnes of gold - out of its 715-tonne holding - at an average price of $275 an ounce"..

Now is around £1,695.52

My friend a bullion dealer. says never been so busy. People also it seems buying silver...

Chid .

I know where you are coming from. WW2 it revitalized the USA economy. As always follow the money. Even BAE order book topping the £70bn.

WW3 creeping ever closer.

N/W ....members / Mps asking to vote on proposals. If allowed I would vote against.

India insisting on paying for 10% of its oil in Rupees. De dollarization continues

Powell interesting comments on small bank collapses.

Brix Bros..

I would have been doing the selling as well. Good play..

So what is the next thing... VM will eventually delist from the stock market.

Now meaning 5 & 6 largest lender become the 2nd largest with 25300 staff ( NW 18,000 VM 8300) 706 branches and 24.5 million customers

Assets £366 billion.. advances of about £283.5 billion

Is this the time for Lloyds to do similar and put some clear water between its elf and nearest.

It could have bought VM with 1.5 years of dividends and be stopping the NW in its tracks.. Tactical blunder. What our resident ex-perts they be thinking?

Iran now off loaded the US oil tanker it captured last year.. Houthis causing havoc to global trade and sunak he huff and puff whilst Hunt budget unravel like a ball of the wool with a kitten on the end. So where the money coming from for the NI cut and at what price the cut? Means tested pension down the track?

Respect Bros. I should add

"This has no implications for the FSCS protections that savers currently benefit from, as following the possible acquisition, the two firms would operate under two separate banking licences.

The FSCS automatically protects up to £85,000 per person, per banking licence".

Nationwide members will not be able to vote on this.

Brix Bros...

Nationwide ‘wholly committed’ to building society model with Virgin Money deal

Virgin Money is the UK’s sixth largest lender and a takeover by Nationwide would create a combined group with total assets of approximately £366.3bn.

Nationwide said it “remains wholly committed” to being a building society (it is the UK’s largest) and a modern mutual.

Bosses said Virgin Money’s £9bn of existing business lending balances and ‘Business Current Account’ would enable Nationwide to broaden its business banking offering and diversify its sources of funding.

Nationwide chairman Kevin Parry said

A combination with Virgin Money would accelerate Nationwide’s strategy and create a stronger, and more diverse, modern mutual.

The combination would increase Nationwide’s scale and financial strength, put us in a stronger position to continue to provide Fairer Share Payments to eligible Nationwide members, and offer rates for mortgages and savings that are, on average, better than the market average.

Virgin Money UK chairman David Bennett added the deal offered “attractive value for our shareholders.”

"Virgin Money shareholders will be paid 220p per share under the deal, which represents a 38pc premium on the lender’s closing price on Wednesday".

Evening Bros.

Been on the K9 training today so nice early finish.

So now we know the Tories finish with a whimper.

LTI respect but what is Uk stock?

This may turn out to be a watered down version of the existing VCT ISA

Lets wait for the more detail.

So Mr Hunt Hunt not only lose the blue wall in one hour he also lost the grey vote...

He had the choices to increase investment in stocks and shares .. This not the best one as I see it....

Morning Bros

Hunt and Co are in the last chance saloon. Do they go out with a whimper or the bang?

Opec cutting oil production keeping the price of oil up not in the Wests interests.

So who gets the big hat with the D on this week.

Sunak .. Maybe, an unelected PM bemoaning democracy. Even worse he promoted Cameron 😂😂

Maybe it is Hunt , who says he needs to be like Brown. Hide your gold bros 😂😂

Or Scholz who is forgetting careless talk costs lives 😂😂😂

meanwhile Trump he goes onwards and upwards..

I meaning to put £2.97 trillion

The interest on central government debt was £4.4 billion in January 2024

Afternoon Bros.

Quick lunch post...

Mick-b ..Respect but is much worse than that

£2.97bn

https://www.nationaldebtclock.co.uk/

Some say the true figure nearer the £4.8 trillion

Brix.

Maybe the cross, donkey and horse... The Mule. This Sp has been as stubborn as one.

Olaf Schulz he saying uk troops on the ground in Ukraine. So why not the Parliament recalled if true as this is very serious.

https://www.msn.com/en-gb/news/other/olaf-scholz-puts-uk-at-risk-as-he-reveals-brit-soldiers-are-firing-missiles-in-ukraine/ar-BB1j5DF2

Chid

Respect.

For sure that some might see the FCA as little more than the Govts attack hound. As with the PPI the saying Caveat Emptor is thrown under the bus for the sake of boosting the economy with the new monies in people pockets with a little bonus for the HMRC coffers in the form of the punitive fines..

Off to work now is on late duties today.

"At least one subsea fiber cable damaged in the Red Sea, some reports blame Houthi rebels"...

https://www.datacenterdynamics.com/en/news/at-least-one-subsea-fiber-cable-damaged-in-the-red-sea-some-reports-blame-houthi-rebels/

Djibouti Data Center also confirming disruption.

We live our lives depending on these things and uninterrupted trade.. Big risks here.

Back to the pen and paper soon?

TFE

Respect. For sure you are a wise man.

When you says "Labour's FLIP FLOP ".. we need the sense of the balance. so let me help you.

Tory U turn this week. No longer doubling the number of medical school places.

Last week u turn on road tax for trucks

Before that the biggy with the U turn on HS2 the Uk largest infrastructure project.

Energy policy is in disarray.

But maybe its is the policies they won't U turn on that should concern us more.

Tax rises, reduction in CGT allowances and slashing the amount of dividends tax free.

Let alone their march towards the Orwellian state.

Don't forget also one whose watched the armed forces were hollowed out, schools left to crumble. NHS...... So where the extra hospitals?. Not a spade in the ground yet. You know what I am saying.

Morning Bros.

Livestock I sees that also. The fine alone could be more than that figure but Mr Charlie Nunn is playing this cool. No spooking investors. Good idea we will sees.

May not be our biggest problem. With the Ww3 getting closer, UVL saying that misinformation our biggest threat , what she meaning with that one if we not knowing... More of the BB Orwell...

A1 also a big problem down the road. Decode the private key of the RSA algorithm and that would be interesting....

Plenty to keep us on the toes...

Back in the house.

Hound, Hu

Respect replies appreciated...

Fundamentals seem strong so why the Piotroski F-Score only 6 for the black stallion. Is it debt overhang?

Interesting to see where some of the Us politicians they invested.

As an example say Mrs Nancy Pelosi. net worth $190m

https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197

Quick lunch post.

Bros I has the question.

The float number and there has been a few is the global number of the shares in issue.

Do this include the stock listed in the US ( ticker lyg)?

LYG 15.94 bn shares . This is down -5.26% in one year.

Dand

Bros the way the buyback will be conducted is done so in a way so as not to move the Sp upwards.

If the same as previously small chunks bought throughout the day at programmed parameters.

You can find these as a pdf with the buyback RNS.

Morning Bros.

Lloyd it landed on a ladder yesterday after first treading on the snake. !!!

Long.. You are in the right ballpark .. As the guide

https://uk.advfn.com/stock-market/london/lloyds-banking-LLOY/financials ( 63.23bn)