Member Info for skier1

A quarter of a century, zero revenue, umpteen placings, -99% shareprice collapse, and still the delays keep on coming.

Wouldn't be a surprise to see a 1-for-10 share consolidation here at 1p.

UK already imports ~80% of its food, drink and ingredients in 2022. The farming battle was lost decades ago. Farming, like manufacturing, is a decaying industry.

Folks just want the cheapest possible food, in the fastest possible time, with lots of fat, salt and sugar to give them a high. It is why there are 1,300 McD emporiums on every street corner of the UK.

No, mate, southern England.

Bouncer, aggressive staff, shoving everyone to the ATM (whether they wanted it or not), long queues, slow service. It was grim.

These days, going into a UK bank branch can be a deeply unpleasant experience. You can see why they are dying out.

Went in one, a few weeks ago... There was a nightclub bouncer on the door -- at 11am in the morning.

Problem is, if LLOY grabs ~£7b of extra income overnight in ~12 months, without doing anything, profiting from hardworking families and children, during an impending recession, the red Tories are just gonna slam a big windfall tax on banking fat cats, and the share price will reverse faster than a Russian tank...

How worried (or not) are you?

The ridiculous 10-25% spread here and low liquidity make the shares pretty much pointless to trade.

LLOY share price is struggling to get past fears of recession, house crash, inflation, soaring rates, and a windfall tax raid. Bank of America last week said the UK economy has become so politicized, you now have to think of the UK as an emerging market (EM).

The uncertainty is a drag on LLOY (and others).

Thatcher beat communism at home and abroad, defeated an evil military dictator who invaded a peace-loving democracy (sounds familiar), while overseeing one of the biggest economic transformations in the history of mankind.

Never forget -- Labour closed 4 times more UK coal mines than Thatcher.

Four times.

When a top employee reaches the top of their profession, don't be surprised when they make a top wage.

Britain's richest PM of the past half-century, bulging his pockets with cash, is redder than red and has spent a lifetime preaching thru a rictus grin of "equality" and "fairness" for the "people"... he's called Tony Blair.

Nearly all the UK bank shares are lagging, due to those (and other) near-term challenges.

Year-to-date...
FTSE100 = +1%
NWG = -3%
LLOY = -10%
BARC = -14%

LLOY is being held down by the windfall tax threat, out-of-control taxes, recession fears, below-par Q1 results, a long tail of fintech nibblers, and surging US banks. Chase, for example, has sucked up half-a-million current account customers in ~30 weeks.

Punishing success is the politics of envy.

USSR, Cambodia, North Korea, UK 1970s, nobody wants to go back there.

Red politics of envy never end well. You can see it here at LLOY. The share price is being held down by fear of a bank windfall tax.

To be fair, a few drinks and a couple hours at the lappy can quickly rack up to 2 or 300 quid.

Around 50-60% of people in Germany rent their home. Germany is much richer than the UK. No dramas.

UK real disposable income per household has more than tripled in the past 50 years.

UK needs to construct 50 more nuclear power stations, asap.

Nucular power is way safer than oil, coal and gas.

Coal mines alone kill 1 million people worldwide every single year.
Nuclear = zero.

Red Tories strike again :-(

Tax and spend never end.

Gifting 1% of UK GDP for free, to shove Partygate off the news front-pages.

Sunak says 8 million households are now on major benefits. Equivalent to the entire population of Switzerland on free cash.

Think the US dieselgate settlement averaged roughly ~£8k per claimant.
UK is a much-lower ~£2k payout.

Nah, mate. No emotions. Just stats. US core is down. Futures point to US rate peak mid-year. M4 points to UK inflation decline by end-year.

Britain has long been a country of high prices. Nothing new. UK is one of the least productive countries in the entire developed world. Inflation today is horrendous -- but it is about to get better.

Dyor, etc.

Yes, it looks like core UK and US inflation peaked around Apr 2022, while US rates look set to peak around Jul 2022.

Some indicators, like M4, currently suggest UK inflation will start to fall sharply by Nov 2022.

The worst is over.

Dyor, etc.