Member Info for longtimeinvestor

E/Mach
''We discussed this enough yesterday.''

but you thought you would do some hijacking anyway - f off

Need the UK base rate to be increased by a minimum 0.75% next month.
Overbought dollar situation appears to have stabilised so inter meeting increase in rates a little less likely

''September jobs report''

Good news on many more people getting jobs .

The stock markets it appears needs some bad news .

T
''Sertainly not a time for gung-ho investing.''

September an excellent dividend month - made about 20 purchases

Ram
'’I've just sold all my shares. The catalyst for me is when the president of America is taking about nuclear war. My nerves can’t take it''

Have you thought things through ?
If there is a world nuclear war, you will likely not exist..
If Lloyds plummeted to 2p per share because nuclear war was reported as being imminent, that would be the time to buy.

average share price now 20.58p

opened at 42.643
now closed at 43.007

DH
Price will decline on underlying net asset value declining, and underlying asset values are sensitive to increasing interest rates. I anticipated lower share prices when I first invested in July if there were to be continuing base rate increases along with higher bond yields. It is for that reason that I have drip fed my purchases since my first. I may well drip feed with further purchases if there are further declines.

just checked - a limit order I placed yesterday got executed at 70p

capt
no problem - just straight forward opinions.

I am in the camp of wanting the same again regarding buybacks next year so long as it is easily affordable from profits and is conducted at prices at or below net asset value per share.

capt
''is the completion of the share buyback going to have any significant outcome?''

yes it will start the debate as to the merits of having the same again in a February announcement.

capt
'' I'm wondering what the opinions are about what 3rd quarter results will be and the effect on the share price.''

I am hoping for continuing good profitability for the quarter, but I imagine will have not too much impact on the market cap - the market is looking a lot further ahead for any difficult hurdles that the black horse may need to negotiate.

Suf
''If hardup figures are close
Tomorrow could be our buy back day''

I assume you mean final - yes unless it is a small amount purchased it should be the last day.
HU has been posting pre- tax purchase costs and adjusting the running total slightly when necessary when a running total RNS has been made.
We knew about the response from investor relations months ago suggesting that tax would be extra,which may or may not be the case judging by their response to the algo operation.
All I can say is that the completed £1 Billion buy back spend in 2018 included tax.

mam
''My point is that it his starting to look like the market has got Lloyds unbelievablely wrong''

I have already said that it has looked to many investors for a number of years that Lloyds appears to be well undervalued, which is why those of that opinion have purchased shares, but not holding enough weight to elevate the market valuation..
I think you need to read my original reply again to see that i was simply comparing market cap against possible future profitability, so there was no response required from you to that, but you replied
''What has surge in interest related income from a £312bn mortgage book got to do with the Market Cap of the Bank? ''

mam
''we would be on a PE of 4 which in itself is going to drop if the share buy backs continue.''

The buyback increases per share metrics not market cap which is used to determine p/e ratios.

mam
''In other words Lloyds are going to look ridiculously cheap by any measure.''

They have looked ridiculously cheap to many investors for a long time (years), without the benefits of increased rates, but it is the market that determines the valuation.

''There are TWO MILLION people using food banks in this country''

That many?

I refer you to my post at 15.10

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mam
I didn't mention the mortgage book

mam
''with the Market Cap of the Bank?''

A comparison with gross profits potential