Member Info for hardup

"I don't understand how anyone since 2009 can be holding Lloyds or NWG at a loss, and worse still after covid prices."

🥱💤💤💤💤💤💤💤💤💤💤💤

SUFC

Do you practise self-flagellation? 😎

SUFC.....as you say take the dividend, look the other way and smile. But it is still frustrating on days like this when the market seems to single Lloyds out from the other banks to be punished.

SUFC.......So why is the market hammering Lloyds again today when Barclays and Natwest trading flat?

Typo, that's excusable!

Seany

This one will make you laugh! 🤣🤣🤣🤣

https://www.fool.co.uk/2024/01/14/could-lloyds-shares-reach-triple-digits-in-2024/

Seany

except 😎

STP

If your dividend income exceeds your tax free dividend allowance, you are obliged to report the dividend income in your trading account every year to HMCR. If held in an ISA you do not have to declare any dividend income to HMCR.

Falky

"DT, Morning, Morning all, Why are so negative here ? Come on mate, we need bit of positivity ."

And then you go on to say the share price is going to drop to sub 35p! How positive is that! 🤣🤣

Fleccy......"No mention of Barclays in the Telegraph article, yet they're also heavily involved in Motor Finance."

Have a look at these links.

https://www.financial-ombudsman.org.uk/decision/DRN-4326581.pdf

https://www.financial-ombudsman.org.uk/decision/DRN-4188284.pdf

There was also a link in the email I received taking you to a case study written by the FCA.

"In 2021, the FCA banned discretionary commission arrangements. This removed the incentive for brokers to increase the interest rate that a customer pays for their motor finance. We asked firms to review their practices and, where harm was identified, to address this.

There have been a high number of complaints from customers to motor finance firms claiming compensation for commission arrangements prior to the ban.

Firms are rejecting most complaints because they consider that they have not acted unfairly nor caused their customers loss based on the applicable legal and regulatory requirements.

The Financial Ombudsman Service has considered some complaints rejected by firms. It found in favour of complainants in two recent decisions [see here and here]. This is likely to prompt a significant increase in complaints from consumers to firms and the Financial Ombudsman.

Claims have also been brought in the County Courts, some of which have been upheld. So, there is significant dispute between some firms and consumers on whether firms have breached legal and regulatory requirements.

Consequently, we are using our powers under s166 of the Financial Services and Markets Act 2000, to review historical motor finance commission arrangements and sales across several firms.

If we find there has been widespread misconduct and that consumers have lost out, we will identify how best to make sure people who are owed compensation receive an appropriate settlement in an orderly, consistent and efficient way and, if necessary, resolve any contested legal issues of general importance."

The whole case study can be viewed here.

https://www.fca.org.uk/news/statements/fca-undertake-work-motor-finance-market

The Litigation Law Firms that specialise in Group Legal Actions are touting for business offering services on a "no win no fee" basis. One that I had previously registered with over car emissions (My Diesel Claim) has sent me an email yesterday, quote-:

"We have exciting news about a NEW Finance Claim, and as an existing client in our My Diesel Claim campaign, we wanted to let you know straight away!

Pogust Goodhead has uncovered that some Dealerships failed to adequately present all finance options available to customers, potentially meaning that you could have been charged more than you should have been. Our research also shows that Dealerships failed to perform sufficient credit checks and had been adjusting the interest rates, meaning larger commission payments would have been made to the dealership by the finance provider.

Did you acquire a Petrol or Diesel vehicle between 2010 and 2021? All you need to do is click ‘JOIN NOW’ below to get started!

We only need a few details to get started, and we’ve made the form super easy to complete.

For your peace of mind, this claim is being handled on a No-Win, No-Fee basis. For you, this means that you will not be charged if your claim is unsuccessful for any reason. If the claim is successful, we cap our fees at up to 50% of the final compensation awarded.

You can claim for every agreement you had in the time period; please note that If you do sign up for multiple claims, you will receive multiple communications from us. All emails will contain a unique reference number, so please be sure to check each correspondence carefully before submitting any information requested."

"Took the Girlfriend on her Birthday yesterday to a restaurant"

Pie and Mash cafe

Yes and no! This was asked at the Sharesoc WEBINAR Q&A session at the end of the presentation with Lloyds on 5th December. Douglas Radcliffe said they would not disclose any information on this until Final Results are announced in February.

"With the Lloyds share price becoming increasingly attractive"

You are definitely in the minority with that conclusion.

The FTSE is still up around 0.63% but UK Banks have lost their early gains today. Seems all the UK Banks are being dragged down by the US Banks earnings results. The US Banks all had earnings coming in below estimates, but this was all attributable to all having had to make large FDIC payments after the collapse of Silicon Valley Bank and Signature Bank. If they had not had to make those FDIC payments their earnings would have been close to or beaten estimates. The UK Banks have not had to make such payments yet the market still drags them down?

https://edition.cnn.com/2024/01/12/investing/jpmorgan-q4-2023-earnings-jamie-dimon/index.html

Mick-b, Just to give balance, what about this from the Motley Fool then......"At 47p, I’m rushing to buy Lloyds shares"

https://www.fool.co.uk/2024/01/11/at-47p-im-rushing-to-buy-lloyds-shares/

Daft.......the only idiots here are the ones who are not invested in Lloyds yet who crawl out of the undergrowth every time the SP takes a hit with their usual doom rhetoric. W⚓

Daft...."Give it a rest, seriously..."

There are many here, including myself, who have been saying the same to you for some time! 🤣🤣🤣🤣

Jcb....dividend max give dividend forecasts looking several years ahead what the dividend payments will be, so they have probably used their forecasted F/Y dividend for 2024 to calculate a yield of 7.2%? You have to be a subscriber to get access to the forecast dividends, I used to be but stopped last year so I don't know what they are forecasting the F/Y dividend for 2024 will be.