Shaun Day, Greatland CEO gave an upbeat presentation to over 800 London South East investors. Watch the full video here.
I need a little rant. This is why I wouldn't invest in Tesco for my portfolio.
Tesco have increasingly switched to deals only with clubcard. Yet they arrogantly assume people walk around with a clubcard 24/7. What about the clubcard app you might say; well the app "demands" a high level security password with special characters, almost impossible to remember and it loves to log-out (that's if you have your phone glued to you). This is at the same time as paying contactless, soon to be lifted to £100. So it's utter madness to need such strong passwords.
I pop in tesco for some smokes, which usually turns into buying an arm full of snacks, yet I'm increasingly walking out with "nothing". What's worse for Tesco is I'm constantly noticing the "clubcard or fine" deals are the least moving off the shelves. Why? Because people don't like to be fined for not having the damn card with them.
I wanted a pasty as a late night snack tonight, £1 with clubcard, £1.50 without. 50% fine for not having the points card. What did I do? Storm out the shop frustrated annoyed and angry with the bod.
If they're banking on people paying elevated (fine) price, they might get away with short-term. But I'm pretty sure they're really upset customers. They will know what Tesco are doing to them.
So, I'll be steering clear of this stock like the plague. The co-op is open to 11pm too were I live, maybe it's time
to switch completely. Good luck though.
Oh ok £2k. Well for me it's a struggle to try and save £20k a year to utilise the full ISA allowance. I guess GGT is only an issue if you have lorry loads of cash to squirrel away in shares. Good luck to those that do, we all pay enough tax as it is, so if you can avoid it.. go for it.
I hold most of my lloyds in an Lloyds ISA dealing account, so I don't worry about CGT or div tax. You can earn £500 in divs though without having to declare it in a non ISA standard trading account. I actually use an ISA "more" so I don't have to tell the HMRC about my finances, nosey b****ards. Already paid tons of income tax already to get the money in the first place.
What I mean is. I've paid £230 in total lloyds overdraft fees since March 2020. But they paid me £1600 in divs. (That includes the 13th Sept 21 div coming up). So I'm still up. I think my total loan interest is £800 for the while term, and I've well had that back at 33p share price.
I still rember Mr Charmers (director apologies if name spelt wrong) buying 500k shares at around 26p I think. But I had no more cash to follow him in. Could've asked lloyds for another 10k loan, but they already lend me £10k to buy thier own bank for 33p a share a few weeks previous haha. They borrow at BoE rates of 0.1% lend me at 2%. So I can get 40%+ at covid discounts, seems fair enough to me. At the last 2008 crash I wanted to borrow £20k from Lloyds to buy lloyds (I had already pumped in £30k of my own money). I had an interesting discussion with thier loan manager, saying it was a "win-win", and if their bank went under, all of us lose, so where's the risk to Lloyds? They didn't buy into my thinking or understand that selling me loans to buy their own bank helped us all. Haha. I still sometimes laugh at buying Lloyds with my overdraft (at times) pays them 80p a day interest. That they give back to me with divs x 3. This capitalised world is nuts, but I do love it.
Depends I guess how he based his average. I'm running at 31.39p average or 31.92p after dealing costs and duty tax and did 40 trades in Lloyds since March 2020. My last 6 buy trades have been between 43p - 48p If I counted divs as a further discount , I could improve my average buy price.
If I counted simply total deposits into my portfolio divided by lloyds shares then my average is 30.43p. I'm trying to get 200k shares, but I really need to start living at some point rather than just investing. It's really hard to stop buying knowing the bank is worth 72p a share (assets). Its all fun I guess haha.
Buybacks should have an impact on the way the market values a firm. P/E ratio increases, asset value/mcap improves, Div per share should improve. All assuming the cashcow bank continues to earn same profit.
If lloyds were to buyback and cancel 25% of the shares over the next 5-10 years. I certainly would not complain. Seems a long time ago divs were 25p - 30p a year.
Topped up another 12000 shares myself today. More quantity equates to more div when it comes haha. The bank is still a good 10p - 15p under fair value in my opinion.
It was always going to take a while for Charlie Nunn to set out his stall, lock in his options rewards and provide his strategy moving forward. Until then it's going to be a bit boring.
Doesn't help the p*ss poor div. But hey they've milked the covid excuse for everything it's got now, so can only be better sunshine ahead. I'll be really surprised if we don't get a buyback and better div at the next results. Until then...sleep.
Ps: 13 days to our 0.67p a share is paid. That will do for now.
This Labour MP's needs to get his facts straight. Not "existing" homes, but newly built or homes being constructed.
Thought it wouldn't be long before the socialists start whining. Can never please these people. Labour despise homeowners, the fact people can go out and home themselves rather than rely on the state infuriates these champagne socialiat Labour politicians. Nothing worse than a voter not begging a Labour politican for help, to make then feel or warm and powerful inside.
Now in some strange twist, they're trying to defend first time buyers, by saying lloyds is taking their opportunity to buy. So I guess there's tons of first time buyers waiting and willing to buy, with the deposit and finances afterall, He should know being on the committee haha.
Couldn't make it up.
Appears to me this chairman of the housing committee, is a total failure if he can't solve his own committees housing issues without resorting to bashing a bank, trying their best to help those not ready to purchase their own homes yet. He should thanking Lloyds bank. I demand an apology.
Says they hope to have agreement by year end.
The issue here is I can still see the judge saying to Amigo; You might have put before me a new arrangement, yet you still haven't considered all options to satisfy a fair outcome for all stakeholders (as the judge suggested previously). In other words; Amigo could share the pain with shareholders by raising cash to satisfy that requirement. Would be quite a few billion new shares, although where else is Amigo going to get more cash to please the judge?
Even more worrying when Jennison said " we will be a totally different business when we're ALLOWED to lend again".... l mean seriously what is it now 18 months not allowed to trade. Crazy situation.
In my opinion annoying the judge, won't go down well. Raise cash so you can pay in a fair way, Amigo were essentially told. Come back when you've done that.
I'm not on the side of the borrowers, I'm sure many of them will have any excuse not to pay back loans they happily spent. I do though understand judges, they will always seek a fair balance. Is version 2 fair? Bet it isn't from a judges perspective.
Forgot to add... probably selling contents insurance to lloyds renters, even if another firm underwrites the risk. So just cream the profit. Maybe lloyds does right to buy a few years down the line, so selling lloyds mortgages. What's not to like. Also assuming lloyds owns the freehold on blocks of flats, then ground rent and maintenance income as well. So many income streams. Plus the gov will be well happy.
Lloyds is only buying new builds. That's why I like it. Next to zero maintenance costs for good 5 years. Meets carbon footprint targets at business level. . Buying loads at discounted rates. Instant upside on balance sheet. Fills huge gap in current market, many professional workers don't have property deposit until their 30's. There's so many wins with this. I'd not be so keen if lloyds were buying old buildings.
Lloyds are buying these properties bulk from developers, so that suggests they will be getting decent discounts on purchase prices. Would not be surprised with 30%+ discount for a ton of cash up front. Maybe 50% if the deal is good. That says to me lloyds have already got a balance sheet gain before any rental income.
Let's say lloyds only holds the buildings for 15 years and constantly switches into new housing stock, gradually selling older housing stock. So many upsides with this new venture.
I'm personally not a fan of Barrett houses, they're so tiny. I bought Taylor wimpey new build much more space for your money. But hey ho property is property.
Looks like lloyds might have bought an entire block of flats at the Peterbrough site. Look really nice as it goes.
There's always money in property, I love the idea. Can see lloyds entering agreememts an build an entire new town in future. Like lloyds said they reckon £300m annual income by 3025 once it gets going.
Point is I bought a "house" with a photo of my passport, with both the solicitor and mortgage provider, accepting a digital photo of a passport as adequate ID to meet money laundering guildlines. So I think cine need to think about that and have a chat with their regulators and seek clarity.
I would happily apply for an "age" ID rather than let my teenagers carry their passports. So the question is what scheme is available that meets cineworlds criteria?
Sorry to hear about your pain.
So wife drop 2x 16 years off at cineworld to see suicide squad 30 miles away.
Jobsworth wants ID. Panicked kid messages dad at home.
I manage to WhatsApp picture of passport. cineworld Jobsworth refused needed the actual passport. What parent is going to trust thier kid to look after thieir original passport anyway?
Mum manages to get back to ipswich cineworld chats to jobsworth. "Would their NI card be adequate?" (All 16 year olds just been issued with National insurance cards). No says jobsworth, could he her older sisters NI card as no photo.
What ID do 16 year old hold? The photo of passport should be good enough to be honest.
Now the teenagers have missed the film, and had to see some jungle film instead. Not acceptable.
I'm so p***ed off I'm seriously considering dumping all my stock. If covid wasn't bad enough, they actually want to turn customers away. Wife reckons the look on jobsworth face was that of power hungry pleasure.