Member Info for hardup

Familiar kind of day, FTSE up, all Banks EXCEPT Lloyds up. Yawn.

Missed your chance Brixton?

"Who in the Tory cabinet would you want to replace Boris?"
If that is the only justification for keeping him in place it is a poor reflection of our Government. 2 years to the next GE. Time enough yet. IMO if he is not cast aside by the Tories before then they have no chance of winning the next election.

I watched the interview with him on the news at the weekend. He had such a smug grin on his face while he was blagging his rhetoric.....he thinks he is invincible now!

Holybean
Lloyds SP moving more like the lyrics of the Nursery Rhyme the Grand old Duke of Yorks 10,000 men. lol

Oh, the grand old Duke of York
He had ten thousand men
He marched them up to the top of the hill
And he marched them down again
And when they were up, they were up
And when they were down, they were down
And when they were only half-way up
They were neither up nor down

cookoo1260
"there was no need to suspend divi during pandemic it was not the law ,and the balance sheets prove that"
It is fine saying that with the benefit of hindsight! COVID was an unknown when it appeared and it did appear that the situation could get very much worse.

Gazzleberry
"It might have a progressive dividend policy but I have seen, like most things LLOY, precious little action."
Well given they have just rebased the dividend and introduced the progressive dividend policy, we will soon find out in 4 weeks what the interim will be. Last year was 0.67p, so expecting more this time.

katenip
"buy-backs are to avoid paying increased dividends"
That contradicts having a progressive dividend policy doe's it not?

Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.

For months, the country found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about $100 million of snared interest payments due May 27 expired, a deadline considered an event of default if missed.

https://www.aljazeera.com/economy/2022/6/27/russia-defaults-on-foreign-debt-for-the-first-time-since-1918

Rising house prices, soaring rents, the cost of living crisis and the impending end of the Government’s Help to Buy scheme are making it harder than ever for London buyers to save for a deposit, the cost of which peaked at an average of over £151,700 last year, according to the Financial Times.

There is potentially some light at the end of the tunnel: neo-lender Proportunity has announced a zero deposit mortgage product, intended to help those who can’t raise the five per cent deposit on which many mortgage providers insist as a minimum.

The company plans to offer the zero-deposit scheme as part of its existing offering, which helps customers access the finance they need to get on the property ladder via a mortgage booster loan.

This loan is paid back on an interest-only basis and the capital amount doesn’t have to be repaid until the buyer finally sells their property, hopefully for a profit.

So far, the company has financed more than £100m of homes and helped over 260 people into the property market.

https://uk.finance.yahoo.com/news/zero-deposit-first-time-buyer-042300367.html?

SD235
"If you cared about the poor then your money would be in legal and general. Not Lloyds."
My priority for investing is me, not the poor!

Brixton
A bit like asking Oliver Reed if he was tee total and went to church every Sunday. lol

"Are you living quite the life Brixton?"
ROFLMFAO

MV
You nailed it on the head, good post.

Looking on the Citra website and the profile of the Managing Director Andy Hutchison, is he sufficiently experienced to be head of a new venture such as this for Lloyds? Maybe they should do some Headhunting to strengthen the management of Citra with seasoned professionals in the Landlord/Rental sector?

Plato
"LTI,
I must annoy the heck out of some people."

No sh - it Sherlock! lol

Plato,
No scientific test required, just a set of bathroom scales. I like a nice single malt as well. There are 2 very well known whiskey distilleries not far from where I live as well. Highland Park and Scapa. Both produce outstanding single malts.

Plato
I live 5 miles from the Brewery that makes that ale.

First round on you Brixton. I'll have one of these......lol

https://www.scottishrealales.com/products/skull-splitter-orkney-ales

SUFC
"I reckon we should all meet up for a punch up"
Like the start of the film "Gangs of New York". lol