Member Info for RickEngland

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.

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.

Rick.

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.

Rick

I hear alot of EUA investors are switching into COPL who relisted on LSE today.

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.

Grrrr. Rick.

Anyone know why cbx need to buy in product from willow if they make thier own synthetic cannabis?

Also does the firm only have £1m cash remaining?

I can't foresee any western government, deciding to lock the entire nation down again. If they did, they're basically saying the vaccine is useless and we'd be in worse position than 18 months ago. Nor can any nation afford more pain.

So regardless of forever covid variants, fear ramping and doomsday news, we're on a one way path to normality. Because there's no real viable other option.

I can't see how the results can be that bad. We're going from completely closed to mostly open. If they sold just 'one' ticket, that's 100% better than zero tickets. Don't think the market is expecting much and at these prices any doom expressed at the results must already be priced in.

I'm personally hoping for an opportunity to top up, and hang in there to 2022, so if the general consensus is an apocalyptic end of the world "movie style" reaction, suits me, eventually people's minds will accept life has moved on. That's if fires floods and plagues of locusts don't distroy the planet by Christmas. Even though I look at the lovely blue sky with a few fluffy white clouds and think to myself; "looks healthy to me".

Rick

Interesting.... I'm more of the view vaccinations are all that matters, and the majority of those at high risk have been vaccinated. We've moved from deaths matter to cases matter, anything to sell more fear. Where are the carts of dead bodies on every street corner, waiting to be collected ( even at the height of the pandemic)?

I don't truat those covid flow test, I don't believe they can distinguish between the common cold or covid. Rumours say testing apple juice gives a positive result. Crazy stuff.

Cine ate operating in counties with high vaccination rates. That will do for me.

Reorganising debt facilities and extending end dates, is normal everyday business for many firms, so that's not the issue. The market will eventually correct itself when current trading is reported, at the moment this is somewhat of an unknown and markets like facts (roll on the results this week). Add to that shorters forcing the price down. Eventually though those shorters will need to buy to close their positions. Will some risk waiting for results, or close early?

What do you think the firm is worth? As I write market cap is about £870m, under valued in my view considering potential decent recovery to generate revenue regardless of debt.

I often ask myself with investing during covid. Is the situation getting better or worse, I like to think we're fast recovering and just need to convince the 'forever' mask crowd that life is returning to normal.

I paid mid 60 for my shares, and quite keen to top up again at these prices. I view the recovery as positive and believe families will return in large numbers to the cinema. Others are less optimistic. It's a risk reward situation, do you believe you can out smart the market. The impact of Covid has presented rare opportunities to earn decent returns for those prepared to assess risks and rewards and value firms at fair value.

Maybe prices will drop to 50's. I'm not too concerned, any further falls represents better potential reward ratio to me. Who knows what the price will be short-term, I'm looking to hold until 2022 and then re-assess my position. Maybe I will do well, maybe i won't.

Rick.

Yeah I hear ya. This is where ego can damage reputations. Lets not forget Labour's Brown twisted the arm of Lloyds to take on HBOS. Then threw us under a bus.

Must have been hard not to say no to the size of that deal, in hindsight who would've thought HBOS was totally out of control drunk on power and lending with next to zero risk management. It broke our bank though.

We will never know what deal was done back then as lloyds needed liquidity as well, even though our bank was strong in comparison to others. I'd like to think ego is a huge consideration these days to appointing CEO's, no one wants a wild west CEO anymore especially in banking.

One thing I learnt in business, is most managers are generally pretty "average", but occasionally you come across a truly exceptional bright smart individual that challenges and grows your own decent level of intelligence. These rare people are a true pleasure to work with, even if they push your own boundaries well outside that comfort zone. I'm not talking ego people either, just pure bright intellect.

No one gets to be CEO of large business like Lloyds unless they're of exceptional quality. Interesting times ahead for Charlie Nunn, I don't know the guy at all, but looking forward to what he can bring to the table.

Rick

Fun investor.

It's all prospective I guess. No doubt earning will be a challenge for cineworld and there's a lot of debt to finance.

However the share price isn't £3, its in the 60p's, so there's a damn good chance of decent gains off these lows with ever more positive news. That's doesn't help long term holders much I'd agree. Although a shoot to 100p - 150p will do me.

I wasn't going to touch this share at the height of shutdown too much risk. But now they came out the other side and cinema's are open, who's going to pull the plug now when they could've done it 6 months ago. I'm in and watching the recovery.