Member Info for Jaymogs

Cala sale has been a complete anti-climax, L&G biggest faller on the FTSE as I type. With the BoE unlikely to drop interest rates this week struggling to see the positives for the sp at the moment

The buyback is about to run out of money, anyone think this might impact the share price? With the UK budget and US elections on the horizon I’m holding out until November before investing here

Nearly 6.2m shares on the buyback today, nearly 7% of the £200m in one go……

Fears of a US recession

Well thats gone down like a lead balloon

Rather than buybacks in relation to the proceeds of the Cala sale, I’d like a special dividend

Inside information on the Cala sale?

I think Wednesday’s UK inflation numbers will drive this price onwards followed by the capital markets event on 12th June. Plenty of scope for further significant rises in the very short term imo.

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?

Natwest?

Might be your smallest soon…..

Https://www.proactiveinvestors.co.uk/companies/news/1041254/government-further-winds-down-natwest-stake-1041254.html

I imagine they deal directly with business, no intermediary involved jacking up interest rates.

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!

Positive news for who? Share prices are tanking

Apologies, 3.1% vs an estimated 2.9% it should have read

US CPI inflation has just risen to 3.1% from 2.9% on an annual basis. UK inflation predicted to rise tomorrow from 4.0% to 4.1%.

Could see interest rates rise rather than fall, you never know…..

*ppi