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Going to be a long time lag mind to implement. Salaries already upped so won’t see an impact until next lot of CEOs appointed.

Wasn’t the leveraged debt over £1billion anyway? 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. Questions should be raised as to how was the debt allowed to build that high in the first place?!!!

Potential for a knock down fire sale/ purchase for Lloyds. Could be a good growth strategy if they don’t have too many questionable mortgages on the books. Undoubtedly the share price will drop if news emerges of a buy out, and maybe hit end of year dividend payment (partiality if any special dividend is being considered - doubt it is mind)

Not sure it will put much pressure on BoE to hold rates. I know it’s under forecast but still only 0.1% drop. With rising oil prices, it’ll start pushing up costs again when it filters through to producers, haulage, industry etc…. They missed the boat last time so think they now want to be seen to ring down inflation faster

Https://www.proactiveinvestors.co.uk/companies/news/1026207/stubborn-wage-growth-boosts-likelihood-of-uk-interest-rate-rise-1026207.html?viewSource=TwitterUK

Thought the BoE interest rate meeting was 16th Sept? Reckon we will be up another .25% if inflation not significantly down. If inflation persists I’d expect it to be up another .25% in Nov/Dec. All the media hype recently about Bailey’s comments have mis-reported what he has actually said

Huge data lag as well with land registry figures (anywhere between 6-9 months), so always take the published stats with a high degree of error

There’ll be massive regional variations as well which is why you need to know the local market if chasing a bargain. Rightmove price checker Ap, land reg searches for recent price on property specifics and then gauge local market. Lots of overpriced stuff still on the market but canny sellers are still out there and stock still moving

Not saying that 20ish % fall isn’t possible, but when you look at build costs, that would mean most new builds selling for less than cost of development (which would throw the country into a downturn for years) and see a lot of companies fail. Always a possibility, but the articles in press fail to consider nominal or real terms fall in prices. 10-15% more likely but I think the fall will be quicker than those predictions currently out in the press (though no one wants to out their head on the line and say it).

Only plus side I can see from todays results is the provisions puts the breaks on a potential Labour windfall tax on banks

This time next year Rodney 😂

Looks like it’s going to get worse. I had a buy limit of 1.50pps but cancelled that last week. Barclays is well capitalised to weather the storm but holding fire for now till at least the end of year before dipping back in.

The sceptic in me is thinking, all those over-stretched who borrowed outside of their means will next want a miss-selling of mortgage claim against the banks 🙄🙄🙄

Share price only up circa 3p year on year. Don’t think the buybacks are doing much for the share price at the moment, but hoovering up cheap stock isn’t a bad thing - probably propping up the price at the moment. Can’t see major jump until big dividend increase, at which point I’d hope the bigger instructional/ pension funds would start buying more. Probably need an interest rate busting dividend to get the share price moving especially as saving account interest rates increase.

Problem with food inflation is, UK farmers have been hammered for years on prices from the big supermarkets all wanting cheap food, driving down margins to unsustainable levels. With costs soaring on basic materials, they've had enough so pulling products from shelves, or leaving the industry all together - eggs were a prime example last year and this year. EU trade blockers made the situation even worse for the meat industry.

Still a good supply of Uk products but main retailers wouldn't amend contract terms so farmers pulled products . When Ukraine kicked off, fertiliser prices jumped from around £250 per tonne to nearly £1100 per tonne in a few short weeks! No wonder food prices have gone through the roof. Add in costs of fuel (circa 250-300% increase), there is only so much producers can absorb. Electric prices also gone through the roof. Our commercial farm contract was predicted to jump 750% from old tariff!!!!! Switching to off-grid solar now as only way to stay viable long-term. I was at a large farm recently and it was cheaper for them to run three diesel generators than have a main supply electric!

Large scale factory farming is the only way most producers can survive at the moment but a large crop of produce comes from small to medium farms (and the margins just aren't there anymore). The UK is now far too dependent on imports in my opinion and it's going to get worse (so carbon footprint for produce also goes out the window). Buy local if you can!

People often complain about farm subsides (which are effectively being removed now since Brexit). Slowly people are starting to realise, they've had it good for too long and with the subsides going, the price increases will keep going up, along with the price of the shopping basket for the weekly shop. Is there anyone in government or at the BoE who had a grasp of basic economics - especially on a holistic/ broad basis? Probably not as they work too independently of one another .

Understandable BEO. My average excluding divi's is £1.63 but not to worried about short term falls as holding for the long term. When the debt ceiling gets lifted in US and market settles down with US bank fiasco, we should be good for a good uplift, hoping for £1.90 year end if profit levels keep momentum and defaults on mortgages dont throw a spanner in the works. Whilst house prices may fall, I think the market should hold up as supply of properties is still well below demand levels

Looking at getting back in at £1.50… darn predictive text

Some interesting threads on here. Much better than the Lloyds board. I’m thinking that if the debt ceiling talks drag on in the US for the next few weeks, we may see a further fall in share price before a small bounce when the ceiling is raised and the (likely) next BoE interest rise. Looking at going a VK in at around the £1.50 mark for long term option. Any thoughts?

Lloyds seems to lag in the doldrums and no matter what good news pops up e.g. profit levels, it still holds at well below market assessment of value. Been holding shares for 15+ years. Value wise I still think it is a good investment for dividend potential, but Brexit, Covid, Ukraine/ Russia war keep kicking the share price (though to be fair this is the case with many other shares). If it wasn't for the repeated buy-backs - personally - I think the share price would be on its knees. The buy-back is propping up the price, which is why I think the board keeps opting for it, in place of a higher dividend. If the share price got to low 60's I'd be out, but will hang fire for now.

If the housing market drops in next 6-12 months, it'll be another drag on price. If the housing market just about keeps it's head up, we could be on for a better run. Saying that, with Lloyds new residential investment in property, it could start hoovering cheap property or compete with housing associations for new development sites (which it appears focussed to), which in the long run could offer a solid return on rental income. If it starts buying bankrupt/ forced seller homes though I'd expect a big political fall out if/ when Labour/ Lid dem coalition come in.

Shame the planning system is knackered as well and house builder rates look set to fall off a cliff (but this could prop up prices as demand will always be there for an under-supplied market. Interesting times!

Robins - agree Barclays look in a much stronger position for an uplift (to above recent trading highs when the market continues to settle in my opinion ). DYOR etc…