Member Info for snige

LTI,thanks for lending me your virtual reality share dealing goggles,I see Lloyds is doing fine now!

I know Boris will restore faith in politics.
If he wins,i'm sure from the 1st Nov he'll be spending £350m a week on the NHS or has that promise been forgotten?

Can't stop 31st October 2019,Lloyds along with other UK focused business's will gradually decline as the market reduces it's risk exposure whether it be a No deal or a further extension.
The market adjusts for knowns and No deal will be priced in over the coming months with no cliff edge as we'll be on the shore already.
The combined efforts of JP Morgan,UBS on buying back is only allowing the market to leave at a higher exit price.They would be better off curtailing this trickle buy back and come September buying on block below 50p.Did LTI suggest their average buy back price was 61p or 63p and the current SP is 57p,to me that seems a bad investment.

Where the leavers argument falls apart is this notion the EU has more to lose than the UK,yet in the same breath the EU is going to punish us.
Can anyone explain how the weaker party which has more to lose(EU)can punish the stronger party which has less to lose(UK)?

Thatchers policy of self employment,gig economy,hire &fire do increase employment but they don't increase productivity to the same extent.Until 2006 the UK economic picture was clouded by North Sea oil exports,if you really want to discover if a country is heading in a positive direction you have to look at it's productivity otherwise in the words of Will Hay "you're wasting your time"!.

So as an independent trading nation what are we going to export,White van man?

The current account deficit as a share of GDP remains large by historical standards and only a modest narrowing is expected over the forecast period. Overseas investors are consequently significant net lenders to the UK, which could pose risks if their
confidence in the UK economy were to be damaged by uncertainty regarding the economic and political outlook – including if there were a disorderly Brexit. That could lead to a sharp fall in sterling, bringing about a more abrupt demand-led narrowing of the current account deficit and a subsequent spike in inflation.
Boris,don't let me down!

Lloyds is better placed than UK economy but the damage has been done.Without a deal Lloyds will get dragged down even if we get the best ever deal with our US trading partner which accounts for 20% of exports .The UK is consistently at the bottom of the OECD current account balance table along with Turkey and Argentina and the car industry's 12% of total exports will sorely missed.
https://data.oecd.org/trade/current-account-balance.htm

Another thing you can say about Wetherspoons,the staff are always friendly and happy to help in anyway they can.

Has anyone checked if the free beer vouchers have arrived yet?

Forgive me for what i'm about to say.....i see the draft dodger is in Normandy today!
ps,Wetherspoons is a great well managed pub group.

The high cost of accomodation in the UK is probably saving this country from a trade balance catastrophe.Currently we are running a 5% of GDP deficit.If we did have more disposable income we would only spend it on foreign products as no British alternatives to speak of.
High property prices are also good for banking,you can screw a lot more interest/fees out of the masses and keep them under control.

Quite right mick,some of the posts give the impression we are a bunch of savages.
Medical care is based on priority and not on the size of your wallet-basic civilisation stuff.

"The FTSE 100 banking group boasts a forward annual dividend yield of 5.13% at a rate of £0.03"
Considering 50% plus of the shareholders are converting that divi into a foreign currency and you don't know when sterling will hit the bottom then it's not that appealing.
The buy back will give them the opportunity to get out but with up to 20bn shares left to sell it's going to take some time.

Any major UK economic event will effect Lloyds.
Take the UK car industry which employs 800,000,turnover of £80bn and 50% of production shipped into Europe.Since the referendum the foriegn owned manufactures have made it clear their intentions to run down operations in particular the new range of EV's just at the same time oil imports are costing $66bn a year.
I love the market economy,survival of the fittest but it has to be managed and government has to give direction .It's no good thinking you can plant an orchard leave it for 15yrs and you'll have red rosy apples.Brambles,nettles and bracken will be the winners.

The trouble is the sentences were all concurrent and the longest one is 6yrs so he'll be out in 3 and up $45m.
This will be a big deterrent to other potential fraudsters and send a clear message that Britain/SFO mean business,lol.

Lloyds would probably be closer to 40p if we leave on "no deal".
Trump says walk away but in reality he doesn't.So far when dealing with what he feels is a bad deal he has done the opposite by upping leverage in the form of higher tariffs,sending aircraft carriers half way around the world or in the case of countries like Venezuela implementing sanctions.
It's easy for America to up the leverage but you then have to ask yourself what leverage the UK has over the EU.Any way you look at it,it's bad times for the UK if we ever recover.

You only walk away from the deal if you have no dealings.

The shorts are not in control of the overall market it's Trump.He needs to supress them till next year then let the pressure off for his election campaign after that who cares,he's either on a second term or the Democrats will be clearing up the mess and thats why the Mexican tariffs have been put on a slow burn to mature at the end of Oct.

I'm more positive on oil and here he needs a good price for America first frackers,plus you don't send an aircraft carrier to the Gulf just for a cruise.Just wish he would give us a heads up when he's going to manipulate the market with a tweet!

"There is no pot of gold" she said but there was,North Sea oil.
If Thatcher's experiment had been any good we would have overtaken Germany by now.

If you can wait just a little bit longer a Corbyn government would send you free ones to wall paper the lounge or a softer option for bathroom use.

JL, cannot argue with John Mc calculations "it wouldn't cost too much",have you noticed how cheap the share price's are currently and i guess they would fall further if JC was PM.
Still above NAV but i imagine they wouldn't want to pay any more which would be a good deal for the tax payer.Probably pick up CNA,NG,UU and then take back control of the foreign owned ones for £50bn total-i thought you might like the idea of getting back the foreign owned ones at NAV ?
The Tories could then sell them off in the future and make a packet and squander the money on something just like they did in the 80's

It's complicated,i've given up with this one,have a good break.