Member Info for longtimeinvestor

Looking on the brighter side , another good fall in Core inflation to 6.1%

RPI at 8.9% - another real terms cut to my HSBC pension of 3.9% this year on top of a cut of 9.2% last year - so a 13.1% cut in two years.

I have said before that it wouldn't affect my lifestyle if I lost all my investment money as I had a good pension - that wouldn't be the case if I continued to have these pension cuts.

1arm

''So in your own words buybacks should give a little nudge upwards with the share price.

OR''

no not my words - you should know the difference be 'maybe' and 'should'.

As always the market determines the day to day share price..

I imagine that a certain percentage of shares are held for the long term and are not so free floating. MAYBE the buyback programmes will eventually have an impact on the number of more free floating shares available.

NC

''I thought you never entered the comp?''

Correct, I haven't ,but I was putting into the kitty, between £10 and a £1,000 depending on the end of year closing level. It looks very much like the first closing level of 55p may be hard to reach in the coming 2 and half months. Maybe an extra buyback amount at Q3 will give it a little nudge upwards if the BOD's decide to alter policy.

''but how will it help the marstons share price''

increasing profitability and decreasing debt levels would make the shares more attractive for investors. The CMBC deal can only be seen as a good plus point .

That is a lot of pubs for CMBC to be selling beer to.

Stonegate Group was only formed in 2010 - now has about 4,800 pubs after a dozen acquisitions.

Yes, looks good

https://www.expressandstar.com/news/business/2023/10/16/brewing-partnership-for-carlsberg-marstons-to-create-100-new-jobs/

''the charity for Mr Meerkats comp. ''

my £10 looking very safe

''most of us to benefit from conflict''

Brent is lower than a month ago

P46

''Everyone had their chance to unload this shxt at 100p or thereabouts''

Yes I made a sale at over 100p on 5th Feb 2021 - unfortunately it was only about 15% of my holding at that time.

Last bought on the 6th this month at about 27p.

i have plenty of patience waiting for a good improvement in fundamentals.

BTW P46, you post nothing but doom on a number of boards, with everything being siht - what a sad person

Bar

''FD

Indeed you are 100% correct, if debt was inflation adjusted the UK national debt would be rather insignificant.''

You have completely missed the point. First of all government debt isn't fixed - 99% of the time it will increase year to year. The crucial measure for government is the GDP/debt ratio.

Someone purchasing a property 20 years with a 100% interest only mortgage for £50,000, would now find that due to inflation, with subsequent increases in income that debt would now be insignificant compared with 20 years ago.

Basically if debt is fixed and inflation/income increases then that debt as a measure against income decreases.

Marstons should over a period of time be able to pass on inflationary increases in prices, whilst at the same time maintain/reduce debt levels..

When investors complain about a share price on an investors discussion board, don't you think?. It is as if to say that they are not getting a return on investment that they feel is their right to have received. If someone makes an investment, live with it.

I repeat, it is the market that determines the value of a business .

In the case of LBG from when it was formed, we had the fallout from the world financial crisis resulting in the merger with HBOS and the subsequent consequences of that, resulting in the government taking a large stake. Along with near zero rates for years, the government stake was eventually offloaded, many Billions of pounds in PPI was paid out, then a world pandemic, then soaring inflation coming out of the pandemic with the additional problem of a war stating in Europe.

Is it any wonder why there is caution for investors getting back into banking stocks after all that.

LBG is in the best shape since it was formed . It is an investors choice whether or not to acknowledge that with a first or further investment in the business.

NC

''Take off years of inflation, not just double digit, and billions in buybacks, and to see Lloyds at pence levels is disgusting''

You must be looking forward to changing the record.

The market determines the price level, whether it is pence per share or a pound.

Telegraph debt was £1 Billion - the Barclay brothers bought the telegraph for £665 million, so I guess the difference must be interest accrual .

P1

''Even if the sale proceeds, it’s looking like a loss for Lloyds. Board should not be praised for losing yet more money from continued bad investment decisions''

?

loss?

LBG will be writing back money onto the balance sheet. You need to get your facts right- it was HBOS that lent the money.

I think you will find that banking is a business that involves lending money, whereby 100% is not guaranteed to be paid back.

At a little under 553p the amount I bought on 31st May - now back to a core amount

Or the BOD may accept to complete the transaction quicker? - would come in handy, purchasin a further £1 Billion of Lloyds shares for cancellation

That can count as their bid in an auction - they obviously think it is a bargain.

I am sure though that most investors would be content to see a new high in pound sterling terms, which would require about a 23% increase