Member Info for hardup

"The start-up, founded by Anne Boden in 2014, is understood to have bought the home loans portfolio from Kensington Mortgages, a specialist lender. Kensington focuses on mortgages for customers who might not get the best deals elsewhere and those who are overlooked by high street banks, such as the self-employed."
I am getting that deja vu feeling here! Wasn't the Financial Crash 2008 caused by banks selling on to each other parcels of dodgy debt which led to Lehman Brothers going bust causing a domino effect around the world's banking system!

Well said Bubble 2021, good point!

"we have quite a few cuckoo people who have risen up above their competency level in society."
And you are one of them!

KD
"A rise in interest rates next year to 0.50% will be a result not a blow....."
I think you have misread Sufcessex post above. He is acknowledging that they have said "retraining interest to only 0.5% will be a blow to the bank" and he is stating that in his opinion it will not be a blow for Lloyds but a result citing that Lloyds are already making billions of profit with rates at 0.1%, so if rates go up to 0.5% should make even more profit.

DC
It would be so ironic if Falky loses the bet that it does not get to 60p by christmas and has to pay £10, given that he has sold everything and has now got a buy order in for 39.5p.

Quilter is the "rebranded" Old Mutual Wealth, which was a South African company, am I correct? If I remember right some of their in house funds were good performers.

xwave10
"50.23p aint sneaked over"
It's not an overnight multi bagger either! What is the current share price, is it still over 50p? As I post this it is 49.55p. I think you have confused me for a doomster? I'll say again, I have a large position here so I would love it if all the rampers predictions come in, but I am a realist and keep my feet firmly on the ground. This share has previous form as long as the Great Wall of China for kicking share holders in the teeth when least expected. I think the outlook going forward is good as long as no major correction along the way, but as StockReady I think repeatedly says, shares do not go up in a straight line, some times more like snakes and ladders. So I hope BOE does raise interest rates in December but that would be politically sensitive in current climate a week before Christmas and for that reason I think they will hold, but hope I am wrong.

xwave10
OK, it sneaked over 50p first thing this morning, but current is 49.76p? I did say in previous post IMO trading range until 24th February 47p to 49.9p unless interest rates are raised in December. It was an opinion, not a statement of fact. And it is a long way to go to 24th February! I want to see this go much higher as anyone else as I have a large position here, but I am also a realist and prefer to keep my feet firmly on the ground, so if there are no interest rate rises, there is not much else to elevate the SP until we get news on 24th February on final dividend and any special dividend or buy back. I certainly have not stated it would be nonsense for the SP to go over 50p, so why would I want to eat humble pie? Perhaps you can tell me what it tastes like as you have had to eat it when I said if USA did not raise interest rates the UK would follow suit which you did say was NONSENSE! Have a good day and lets hope we are all happy on 24th February. GLA.

Why are so many people obsessed with SP getting to 50p? We all want it go go far higher than that so why so much excitement about hitting 50p?

Lloyds have just come in with best price so far for renewing my car insurance on a comparison website. £151 fully comprehensive. Previous years they have never been any where near close to the best quotes. Looks like they going to have a go at increasing market share with car insurance.

Brixton
Your EGO needs deflating

Brixton
If you are not investing where else you going to put it? Your mattress must be bursting at the seams!

Falky
"I think lloyds was forced by HMG to takeover HBOS . (Speaking from memory). ALL IMHO-DYOR"
I don't think they were forced as such. They were conned by Gordon Brown! The Lloyds shareholders were not fully aware of the problems facing HBOS when they voted to accept the merger.
https://www.thisismoney.co.uk/money/news/article-1678128/Shareholders-turn-on-Brown-over-Lloyds-deal.html

HSBC and Natwest increased rates on fixed interest mortgages on 28th October. Barclays increased rate on 29th October. All in anticipation of BOE raising base rate on 4th November.

Unless there is an interest rate rise in December (highly unlikely IMO), this will not even break 50p again, let alone 60p, before Final Results 24th February. IMO trading range until then will be 47p - 49.9p.

BLB
"SELL 10% of your shares before the price drops again take a 10% Divi EASY PEASY."
You are the only nutter! LOL

BLB
you need psychiatric help!

WanderingStar: Andrew Bailey would be a good player to have in a football team as a penalty taker in a penalty shoot out, he would send the goalkeeper the wrong way every time!

DOW certainly on turbo-charge today.

Interesting article from Investors Chronicle regarding communication from BOE MPC and Andrew Bailey prior to the meeting yesterday:
Bank holds - for now
The Bank of England sprung something of a surprise on equity markets yesterday as it chose to leave interest rates in the UK at 0.1 per cent, despite significant mood music coming from Monetary Policy Committee members in recent weeks suggesting a rise was imminent. But comments from the governor Andrew Bailey following the decision suggest a move upwards will come soon enough and rates could go as ‘high’ as 1 per cent during 2022 as the Bank walks a fine line between reining in inflation, which Bailey admitted could top 5 per cent in 2022, and not choking off growth.
This is what Neil Wilson of Markets.com had to say: “The Bank of England delivered a surprise by not raising rates, sending gilts and sterling into a bit of a spin. It’s really one of those moments where you have to question the communication strategy of the BoE. It had multiple occasions on which it could have gently nudged against the growing market anticipation around the November meeting being live but chose not to, and appeared to actively encourage tightening bets. Credibility is at stake, Mr Bailey. I’d said a hike was no slam dunk due to the way certain MPC members were leaning, but Bailey has been cheerleading tighter policy and didn’t vote for it himself – which suggests either he’s bad at communicating his views or there were simply not enough votes for him so he refrained from being a minority voter.”