Member Info for Property1

Seany - that meeting can only be good news for the bank share price. At last they are being proactive to get this horsey racing! Be interesting to see if Labour take any notice of the outcome of the meeting

Seany - that meeting can only be good news for the bank share price. At last they are being proactive to get this horsey racing! Be interesting to see if Labour take any notice of the outcome of the meeting

Holly bean - shame the share appears sat in the doldrums with not much of a breeze forecast, ice bergs appear a plenty though

Seems the only thing that will prop up this share price is the buy backs re-commencing. Role on Feb announcement. Been invested since 2009, 10 year plan now looking like 20 year plan. Next year Rodney

Hardup, suggest share price tanked due to higher US inflation data, pending interest loan rate scandal for car loans and pending military strikes (but suggest the first two are the main cause for the drop)

This share tracks the US more than the UK economy. Not so convinced a BoE interest rate cut will come till end of 202; at the earliest unless Mark Carney gets replaced

Media house price figures at the moment are akin to click bait. No real analysis, national stats rolled out which have been manipulated to skew prices and based on largely out of date info e.g land registry data 6-12 months out of date (plus typo errors). Whilst land reg data is useful (you can download the numbers without analysis), regional markets vary hugely. If the media is so convinced that the property fall has met the bottom and starting to rise, this share should be on the up and up (which it isn’t). Until IR start to drop, economy and real wage growth improves, house price news saying we’ve hit the bottom is largely speculative.

Seenit - ah seen my typo after, apologies (it had been a long day) 🤣🤦🏼‍♂️

Seenit

General calc, £500,000,000 / £64,000,000,000 = £0.0078

Seany123 - where do you get 2p special from? A generous special of say £500million from the telegraph sale (highly unlikely as it is), split between 64ish billion shares in issue would be circa 0.007p per share held

Charles432 - I'd agree. I also think a lot of the lack of economic growth is due to a lack of business confidence linked to dire business support policies, major risky investments being favoured over small-mid scale companies. (which actually can support home-grown growth). Political ribbon cutting is often the driver for "growth policies", but they fail time and time again (but it looks good in the press so will keep on going). Also faffing about and killing off small business, decreasing entrepreneurial support and generally killing of UK PLC has seen the economy rumble along for far too long. One thing is for sure, there isnt an easy way out of the economic mess we are in now (much as I wish there was just to see this share price back up to where it should be 60p+)

LTi only Barclays in the running for Metro. Tesco bank a different storey

Tesco appears the better bet rather than Metro bank (and Metro bank is the polar opposite of where banks are heading, too many branches and far too costly to run)

I think the BoE has a near impossible task to reduce interest rates with potential for energy price increases in Jan 2024 and food inflation still running high. Maybe end of 2024 we may get some relief, but I cant see them dropping in the first half of 2024 (despite all the media hype saying they will drop).

If there was ever a case for a special divi!

https://news.sky.com/story/amp/telegraph-court-showdown-to-be-adjourned-after-barclays-offer-lloyds-1-16bn-13010846

If Lloyds get the circa £1 billion back from the Telegraph loan/ sale, surely worth looking at buying Tesco bank to build credit card business

Debby69

https://www.gov.uk/capital-gains-tax/losses

Add it to your tax return

DT - totally agree. Prices have been overly inflated for years with help to buy, Stamp duty holidays, cheap money. Now that has come to an end, prices need to re-set to the new "norm". I thought prices would fall faster than they have, but think falls have been delayed by prior longer term mortgages e.g. 5-10 year terms, which have slowed the effect. The lag effect is now in play, so when that comes to an end, if interest rates dont come down (and/ or real growth in wages goes up to compensate), prices will likely have a bit further to fall.

DT - Interesting link. I'm sceptical about a lot of the stats being thrown out in the media at the moment. Depending on how the data has been interrogated, if could just be bigger homes (higher value) are selling more, artificially uplifting the month on month trend. Downsizing appears to be driving a lot of sales at the moment with semi-detached properties holding stronger than most other house types.