Member Info for Muchaboutmoney

Good to see this breaking 10p today.

Shaping up nicely to respond to an update on the back of the Navitas visit and Award Annulment.

Exciting times ahead.

Nice one silverfoil.

In future if someone is kind enough to share this kind of information, can I suggest we take them at their word?

If in doubt by all means email Penguin news etc but rather than openly accusing them of lying, do it behind the scenes and if you come up with evidence to show someone has sought to mislead us all, then by all means call them out.

Innocent until proven guilty would be a good way to go.

Hey Market Dealer,

Totally believe what you have shared and just wanted to extend a big thank you.
40 tick ups is the highest I have ever seen which should tell you everything you know.

Please continue to share what is currently the only news that we are party to as long suffering shareholders.

For heat it’s worth I continue to keep the faith and believe we are in the cusp of something huge!

Much

Something is afoot looking at the trades that new going through this morning .... coincides nicely with what is being reported as going on in Stanley.

Maybe some news soon......

Should be called what the idiots say.

They have totally missed the £2.2bn paid into the in deficit final pension schemes and that after actuarial calculations as at the 31st Dec 2022 are going to need a maximum of a further £900m that took costs up to £9bn. Indeed they may even be in surplus.

So in 2023 costs drop by £2bn and profits jump by the same amount with the cost income ratio dropping into the mid 40s.

The £500m provisions were well over the top too. Lloyds have simply made sure they don’t over perform during a cost of living crisis and attract too much attention.

As soon as the economy starts to grow, watch the numbers rise by 10 to 15% per year.

Pretty sure this will commence tomorrow.

Be interesting to see the impact in an uptrend as previously the shares were predominantly being bought in a down trend.

Agree.. Bed and Isa.

You can get £40k of shares protected between now and the end of April and if you have a partner or spouse and you trust them, you can get £80k worth squirrelled away over the next couple of months.

Mine are all in ISA s for this very reason …I transferred another
28k shares in there a couple of weeks ago.

Interesting tosee that they paid £1.5bn into the final salary pension schemes to make good the deficit in 2022and reckon that come the end of Q1 it will be fully funded.

That will go straight onto the bottom line next year adding to the coffers, so another one off effect timey gone.

Can't help but think they have over provided to keep the thieves in Westminster from having a pop.

And therein lays the real story behind these results. Keep the figures massaged to keep the gov thieving hands off shareholder money.

Not any have they more than provided for any potential loan defaults with the additional £500m provision but they have also quietly paid £1.5bn into their final salary pension plans to ensure they are now fully funded so that ability os now gone too ........ the land of milk and honey awaits for those who aren't stupid enough to sell out this morning.

Charts say support at this level before we head on up to 56 p and beyond.

Its been fascinating watching the market trying to read across the results of each bank.

However they are not the same beasts by any measure and its been a case of comparing apples and pears.

I anticipate Lloyds results tomorrow will be the best of the bunch by some way but with slight higher provisions to keep the windfall tax risks at bay.

A ramp Ralph? I prefer to call it a fact based piece of macro insight. Come the end of the year I suspect you will be referring to me as the oracle......

At a macro level it’s all falling into place…

Investment in oil and gas production will be needed for the next three decades if the world is to avoid more shortages and price swings, BP has warned.

The oil giant said in its annual energy outlook published on Monday that fossil fuels are still likely to account for about 20pc of primary energy in 2050 even under a significant tightening of climate policies.

Navitas must be chomping at the bit to confirm FID and get the project under way. Add in the Ombrina Mare payout and we should be looking at a 10 bagger by the end of the year.

Perfect technical breakout. Even went back to 50p to close the gap and then up she went.

Should now see the shirts rush to close their positions taking us up and into the 50s.

Looking very god for the Feb 27 results.

Sell at your peril.

Consolidate and have another go.

Classic resistance level. It will take something to break through but once it does a lot of sellers will be out and also shorts will close so likely to really get a wiggle on from there.

All this people with stops at 50p are going top be kicking themselves come February........ all that overhead supply once absorbed is going to see this move up pretty quickly once we are through 50p I would expect.

Technically 50p is a massive resistance level, however once broken it opens the way to the 60s.

If it breaks you can expect a very sharp and sustained rise into the results and beyond.

2023 looking like the year of the Banks......

The market appears to continuously be discounting the impact which is every eloquently covered in the article https://uk.finance.yahoo.com/news/1-multibillion-pound-reason-buy-084534173.html

However it overlooks the impact that we will also see for the mortgage book of £310bn.

So much update here for 2023 how we many of the city scribblers have only known internet rates of near zero since 2007 and no longer fully understand just how profitable banking can be with near normal interest rates.

One more day and the four month period of interest stay of execution comes to an end at which point interest on the award starts to run at €40k per day or €15m a year. More than enough to keep the lights on!

It will be very interesting to see whether Italy pay tomorrow.

The appeal is bound to fail, the interest of €15m (ECB Rate + 4%) is about to start making this even more expensive to them and having their state assets frozen around the world becomes comes more trouble than it’s worth.

I genuinely think that 2023 with Navitas likely to confirm FID in one of the lowest tax yet politically stable regimes in the world will see what we have all been waging for almost a decade come to pass.

Exciting time ahead.

Nahhhh not 365m working days in a year unless they all work 7 days a week. More like 260m.. but hey what’s 105m working day between friends?

Schoolboy error Epro.... the cracks are starting to show

Epro,

So now we understand why I work in strategy for one of the big Banks and you are employed by the civil service to… actually to do what? What is your chosen career? Pray tell us.

The skill that commands the really big bucks is the ability to see and understand what is really going on. Sadly there are people out there that are unable to see or accept the bigger picture and deal with it, preferring to make up excuses when the figures don’t show what they would like to.

Ooh they are all off ‘cause they are stressed’ …in a David Brent voice.