Member Info for Jaymogs

Those sanctions will never take place. Turkey won’t stop buying cheap oil from Russia for starters. Trump knows this hence his caveat that he will only introduce sanctions if NATO countries stop buying oil from Russia…. TACO

Think it’s just directly linked to the oil price dropping

*Fordo

Long article attached but states prices expected to rise by $4 - $6 a barrel if US attacks Fornow (which it has)

https://www.cnbc.com/2025/06/21/how-regime-change-in-iran-could-affect-global-oil-prices.html

Just smashed through it :)

Ftse futures down over 200 now

https://www.ig.com/au/indices/markets-indices/weekend-uk-100

Lots of hope that the new Isa allowance is going to prop up the market but retail investing didn’t do much in America with investors ploughing in a record $4.7b (market dropped 3%)

https://www.businessinsider.com/retail-investors-buy-dip-trump-tariff-trade-war-tsla-nvidia-2025-4

FTSE currently forecast to drop 100 more points tomorrow, might be worth waiting it out a bit longer

Value of the while dividend wiped out in just over 1 day (15.36p). More to fall I fear

You can buy on the platform (no need to ring them) but they do charge a currency conversion fee. It’s not as much as stamp duty (which isn’t applicable) but if you sell them they also charge to convert it back. This works out at more than stamp duty

UK inflation is due to be reported next Wednesday at 7am.

Last January, the reading was -0.6% which will come out of the annual calculation which is currently 2.5%.

Let’s say this January’s reading is 0.2%, that will give a new annual number of 3.3%. No idea how the market will react to this but imagine the BOE won’t be cutting with that number in place

No increase in divi, increase in buybacks of £1b over 3 years once the transaction is completed.

That means approx £3.6b in divis and £2b in buybacks over next 3 years. This equates to promise of 40% returns of market cap which was £14b before the news broke

Presentation at 9am

Link for anyone who wants a listen

https://legal-and-general-investor-analyst-event-7-feb-2025.open-exchange.net/registration

Strain is the initial costs associated with the PRT transfers in year 1 of the transaction (admin fees, set up fees etc.). These were anticipated at being

Sorry , 19 times (not 14)

Https://thefairtradepractice.co.uk/blog/why-have-lloyds-always-underestimated-scale-their-ppi-problem/

Great article showing the ppi debacle and how it started with a £3bn privison. Lloyds underestimated the cost 14 times, very interesting read.

@livepari4 it may be provisioned for but the provision is £1.5b short according to this article

https://www.proactiveinvestors.co.uk/companies/news/1059167/lloyds-and-close-bros-looking-at-hefty-bills-after-motor-finance-ruling-1059167.html

PPI started as a small provision and just ballooned, this will do the same. Get out whilst you can.

This is history repeating itself (ppi).

Shareholders convince themselves the damage will be minimal and start topping up as the price starts to collapse. Provisions made for a few hundred million to start with(£450m in this case) before the billions start to be put aside year after year. There’s no happy ending here apart from the usual claims of enhanced buybacks at lower prices

Https://www.ii.co.uk/analysis-commentary/legal-general-investors-unhappy-ps12bn-cala-homes-sale-ii532881

Well 11 years by time they receive the full proceeds