Member Info for RickEngland

12th is the div, although usually it doesn't hit my share dealing account until the day after. So I'm expecting it on 13th Sept.

Negative equity effected alot of people when endowment mortgages were all the rage 20- 30 years ago. Most mortgage holders with a good 10+ years of repayments under their belt, won't be effected. We're on a least 3rd generation mass home ownership, not the end of the world.

"Do you think landlord Lloyds will be 135p this year?"

No, but I reckon lloyds could well do a centrica bounce after the finals in Feb-24 . I believe we should be in the 60p SP area now, rather than low 40's.

Although the buybacks are great, I think burning the liquidity on buybacks it's what's keeping the price down. Ultimately the earnings per share will grow with these buybacks. 5 years of buybacks at this level, could wipe 35 billion shares off the account. Then we're talking serious divs.

Lloyds is prudent bank you know, I suspect most of their loans and mortgages are quite low risk. Not to bothered about sp in the short term, got a £ grand div coming on 12th Sept, for my pub drinking/entertainment fund. Woohoo.

Lloyds being a retail bank may be a little boring, although they div is progressively growing coming out the back of covid. I view the UK in cash-cow territory rather than decline. In other words a ticking over GDP is actually pretty decent for an established economy.

We 're a long way from 2007 when Lloyds paid 11.2p interim + 24.7p final. Total 35.9p for the year. Although Lloyds shares were considerable more expensive then.

Before covid for 2018 Lloyds paid 1.07p interim + 2.14p final. Total 3.21p. It's annoying post covid and restart of divs Lloyds started divs at a lower payout. That said divs are growing again.

Interesting on buybacks. On 31st Dec 2018 Lloyds had 71,163,592,264 shares in issue. As of 31st July 2023 shares in issue were 64,359,436,417. On percentage terms it's quite interesting calculating comparisons......

My 120,000 shares 'now' is equivalent to 132,686 shares based on shares in issue as of 31 Dec 2018.

Personally, I'm prepared to accept divs, while lloyds repairs the shares in issue. Might be a long wait, but we could get back to 2007 shares in issue at some point and 35p a year divs.. woohoo.

Record date is the 4th Aug, very tight window 2 days. Doable though to get on the register.

Come on baby, I'm on £1,118 a penny on lloyds. "Show me the money". Will be watching the results from kafalonia Greece island, no fires here. Huge thanks to M&S gains for paying for this latest family holiday. Xx

Personal wealth is the only route to controlling your own destiny, regardless what any government does. Even if they try to distroy wealth, it's still better to have something to lose than nothing at all. "He who owns the gold, makes the rules".

£1 a share will happen at some point. In June Lloyds bought back over a billion shares. There was 71bn shares in issue in Feb-22 we're now down to 64bn. I expect Lloyds to continue buy backs for a good 5 - 10 more years. It won't take long to get down to 30bn shares. Profits are gong to be very lucrative move forward + amazingly strong CET1 backup funds. I'm tempted to sell my Lloyds shares and pay off half my mortgage when a new fixed kicks in, but I keep telling myself to wait 2-3 years pay it "all" off.

There are times in life when it's either the end of the entire world and everyone losses completely everything, or the world will come to its senses and we make some decent cash. Covid lockdown was one of those rare investment moments for firms still being used day to day... to get in heavy.

My average buy on lloyds is about 24p plus received around £6k divs since 2019. I run between 100k to 140k shares. I wanted 500k shares, but hey-ho can't do it all.

To be honest I did much better on BP, MKS, iAG for rebounding shares, and a few quick wins on others. But I still loves lloyds as one of those shares i can sleep at night holding long term.

I'm not bothered with 43p it's worth now easy 60p - 70p and will get there. I will just sit on it and enjoy income while we wait for £1.20 a share in 5 years.

Lloyds and other banks have been paying an additional tax since 2008 crash, so very much doubt there could be further taxation... unless thry re-label that, which amounts to the same thing.

More interesting is the market in house builders, take psn share price. Very different game though. Buying a new house is committing to the current market. Having a mortgage already is being committed to market forces and forced to take the pain. Hence why I still feel banks are a good place to be invested. It's still cheaper than renting. My own mortgage is going up, not happy about that, but I'll have to pay, simple as that.

Depends how much fear you want to build into say 0.2% drop in growth. The UK in a business sense is a cash cow, even if we had zero growth for 10 years, we're ticking along nicely. People need banks like they need food, just imagine the transaction fees alone everytime we use our debit cards. Add in the interest on cash reserves held with BoE, add in double income on refixed mortgages. The income list is huge. I think Lloyds should be in the 60 -70p range easy. When the voting rights drop to around 30bn shares, (might take 6 years), we should be smiling. The divs alone will be acceptable while we wait.

In the late 1980's I was on the council list for a flat, I had no chance as was working. I bought my own flat in the end for £33k at 20 yrs old. The message was clear then over 30 years ago "the state will not house you". Labour were in power then, they did nothing to build social housing either. In hindsight that was the best thing to happen to me buying my own place. Upsided loads of times since. I don't rent properties, but I dont see how we can blame them, for filling the void successive governments should've done. Even so the message is still the same "buy your own home", suffer for 10 years, then it gets easier.

Looks like it's on the last few gasps for breath, almost dead now. I thought it would be 0.10 today. Can still get a grand back if sitting on 300k shares.... if anyone can find a buyer that needs to close their short position.

I'm happy to hang on for 10 years worth of buybacks. Eventually we'll cross a point that it will effect earnings per share quite considerably.

To be honest i don't mind the gov suggesting banks be a little more flexible. Its quite outdated the mortgage system. Should be able to click a button and adjust your mortgage payment. If that means more interest is added over the longer term... it's win win for everyone.

Buy on the fear I say. Just bought another 3000 at 42.33. Maybe my 15000 buy at 45.14 on 6th June, was a little premature. However my avg is still 27.58 a share or 22.7 after div income.

It's going to be a money printing machine. Pushing mortgages out another 10 years, adds more to the order book. Huge CET1 with the BoE earning 5% too. More interest on credit cards smd motor loans. Even with more provisions and buybacks, its hiking to be insane.

X3 and climbing div cover. 80p when the fear calms down. Even if that dont happen. I can sleep at night with this share.

Is there going to be a share split and what is that calculation for the merger? What if 1000 vod shares are converted to 500 in the merged company.

I bought in at 84 for the div, decided to dump it at 78p enough is enough. Not touching anything that trades in USD while the USA debt limit isn't agreed. This is going down until 5th June. If there's a spat in the senate, more pain is coming.

In any case after a long hard think. Vod doesn't really match my risk profile. I don't usually go for heavily indebted firms. Was hoping for a quick bounce at 84, but hey-ho

Know when to limit your losses. I'm going to grab a quick bargain somewhere next week at max fear, for now market jitters will prevail.

Rick.

Google "shares bed and breakfast". There's a 30 day rule that applies for taxation. Obviously you can sell and buy on the same day if you choose.

As rough example. If the bank has £800bn assets, and deposits 15% CET1 with the BoE we will make £4bn interest, without any other business.