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The UK, European and Asian markets lose ground on the back of 500+ point fall on Wall Street, only for the US to regain the a huge chunk of the fall after markets close for the weekend. Hopefully just a pause in the UK's attempt at record indices levels.

Major reason for the decline "fears of a delay in the softening of interest rates" could well be positive for LLOY and banks in general.

Bit of a shake out over there, Dow down 530

OOP'S sorry if that upset you DU that was not intentional. I'll shut up now.

I agree with many posters here, LGEN is a rather boring stock. On the plus side it pays an excellent dividend which goes a long way to easing the "boring status"

The UK market has underperformed the main European markets and those in the US for a number of years (probably due to COVID and BREXIT). All of those markets appear to have recovered well from COVID and BREXIT has not impact the Europeans to the extent it impacted the UK.

Inflation has reduced almost everywhere, Interest rates have a huge adverse impact in the UK (mainly because we are a house buying nation) but all the signs are they will be slowly reduced in the coming months.

This expected softening of rates is starting to be shown in the performance of the UK indices, if this continues and we see new all time highs (8000 points and higher) for the FTSE100, LGEN should be carried along with it, and perhaps in excess of 300p for LGEN.

A few if's and but's there, but things are beginning to look up for the UK, and there always remains the chance of an opportunistic bid for companies like LGEN that appear cheap - especially to the Americans.

JOG opened at 332p (from YAHOO)

Will we ever see this again??

LTI

"TUI is a German company."

I pointed that out in the narrative. I included them because they "took out" the UK's largest travel company.

You can bury your head in the sand - All markets are driven by the US (special situations excluded) always have been and always will be.

"I don't let speculative fear get in the way of my investment decisions."

The comments in my narrative were not "speculative" they are/have actually happening, open your eyes - Companies are abandoning the CNS - Amazon are growing in the UK and Europe - The likes of Chase will be banking leaders within 10 years in the UK - Why you may ask - UK branch bank are closing down at record rates, Barclays largest overseas shareholder has just significantly reduced it's holding - the list goes on.

LTI

"I prefer to support British businesses if possible"

Me too - but in all reality there are a growing number of British businesses (although German owned) I include TUI in that comment looking to move away from the UK. Without quoting exact numbers year on year the US, German and French major indices are 15% to 20% higher than 12 months ago the UK barely 5% ahead, for me that says it all. In the Oil industry it appears only a matter of time before some major companies abandon the CNS, driven away windfall taxes. These exits could well move the focus onto other profitable sectors, namely banks and insurance companies.

LTI

"Personally I wouldn't do business with a massive US bank which in this case being"

Really!! It is a sad fact of life, but they just do it better (a bit like Amazon and Tesla) I changed to Chase used their app all over the world in the last 18 months, no charges and unto the minute exchange rates applied They WILL get the desired foothold and the quicker the better.

12Roses - Try a CHASE on line account, the savings account pays 4.10% (they have recently announced their interest rate will be the BOE rate -1.15% giving certainty) Interest credited to account on 1st of each month. The current account pays 1% and there is 1% cash back on almost all card payment (max £15 per month) They also offer a round up facility and give 5% on the accumulated balance, buttons but better than nowt. Also no deposit requirements in the first 12 months - and 10/10 for customer service.

The UK population are being kidded on the real level of inflation - shop price inflation 1.3%.

Just renewed car insurance, increased by 54.6% - following no accidents or any other changes to the policy - this after shopping around and changing policy provider.

Brent Oil approaching $90 - pump prices creeping up

FT report today House Insurance cost to rise 40%/60% - reasons given flooding/fires/climate

Council taxes all rising 5% and is some areas more.

Good for LLOY as BOE will probably be forced to follow the US and delay any interest rate cut until June or later.

LTI -

"Would be great for the buyback, but I will not be complaining of a continuation of the upward tread, getting near to some selling contemplation levels."

What levels, for you meet this criteria ?

LTI

"MS could do with a lot more help from greater numbers of willing sellers."

I am sure they will get plenty of interest post xd, at 57/58p pre xd they could have mine - somebody will sell them back to me at a lower price - its a vicious circle - and good fun.

Wave10

"Your obviously negative and losing sleep"

Not at all, I manage my holding to generate gains in excess of the dividend since 2018 this has been very rewarding and I sleep very well - thank you.

LTI - I do not disagree with any of your comments, however it does concern me that LLOY set aside the £450m. I would like to think that any "car loan documentation" clearly set out (in the small print) the terms of any commission payments. The regulator needs to justify their existence and could jump on that provision to extend the investigation. Following PPI the culture is now to make a claim on the chance of getting a payoff. The cost of providing information of loans going back years could be substantial with or without any liability arising - it's a mess.

The current share price (51.76p) includes the dividend of 1.84p (3.55%) that will be stripped out on 11th April - SP could go higher ahead of this event. The anticipated future decline in interest rates and any action relating to the car leasing overcharging currently being investigated could adversely impact the share price during 2024 - DYOR.

This what has happened: The trend suggests selling, missing the dividends and re investing when the buyback program is complete. DYOR

2018 BUYBACK BEGAN 8/3/2018 SHARE PRICE 67.40p

2018 buyback completed 28/8/2018 Share price 60.79 decline 11%

2019 Buyback began 1/3/2019 Share price 63.54p

2019 buyback complete 6/9/2019 Share price 50.04p decline 22.71%

2022 Buyback began 25/2/2022 Share price 49.68p

2022 buyback complete 12/10.2022 Share price 39.09p decline 25.49%

2023 Buyback began 23/2/2023 Share price 51.26p

2023 buyback complete 29/8/2023 share price 42.90p decline 21.11%

2024 Buyback began 23/2/2024 Share price 45.96p

2024 buyback ongoing latest share price 51.76p increase 11.97%.

Seany123 - what does that mean

"🤷🏻‍♂️"

You are aware (I suppose) the index referred too in the article includes LLOY, BARC and HSBC.

Https://on.ft.com/3TG5XTv

LTI - very interesting - do you know how the market cap has been impacted??

''The current Total Voting rights are 63,716,020,308.''

Without share buybacks there would currently be 76,638,729,101 shares in issue