Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’ve just sold my holding I bought at an average of 212p in mid Feb. Concerned about the PCE US inflation number at 1:30pm today and the knock on to the FED interest rate dot plots next Monday / Tuesday. If US 10 year yields hit 5% the US market may tank. May be back if things get ugly
I’m interested too. Even if it’s the Government selling directly surely people will just sell any existing holding and buy the equivalent discounted shares? Hence the share price will drop regardless of any time limits they have to hold for?
Https://www.telegraph.co.uk/business/2024/02/18/banks-brace-for-another-mis-selling-car-finance-crash/#:~:text=When%20Mrs%20Young%20spent%20over,to%20pay%20for%20her%20car.
Just listened to the results presentation where it was confirmed Natwest has no exposure to the FCA investigation on car loan commissions. I think that will weigh heavy on the Lloyds price in the coming months / years but bullet dodged for Natwest shareholders!
Looks like it’s this
https://www.ft.com/content/b7638550-e1a8-4423-9d00-1656de94a3f2
They need to bring average earnings down too based on that logic which is another of the 3 components. Yesterday’s number of 8.2% is not expected to move much in September which is when the triple lock number is taken
Here’s the source for the £200m figure per 0.25% (again, old article)
https://www.fool.co.uk/2023/01/08/why-interest-rate-sensitivity-makes-lloyds-shares-a-buy-for-2023/
Lots of concern regarding mortgage affordability and bad debt provisions but worth remembering Lloyds makes approximately £200mn from the BOE for every 0.25% hike in interest rates. Old article link below but relevant now with rates likely to spike further in the coming months
https://www.reuters.com/world/uk/boe-wont-accept-interference-over-interest-payments-banks-pill-2022-11-24/