Member Info for TheFarEnd

Europe playing catch-up after Lagarde insisted rates will not rise until the end of 2022.
PARIS (Reuters) - "The European Central Bank (ECB) will start raising rates gradually this summer, ECB member and Bank of France head Francois Villeroy de Galhau told France Inter radio on Wednesday.

Inflation soared to a record high of 7.5% in the 19-nation euro currency zone last month, and as a result of this, several ECB policymakers have argued for a rate hike in July.

Germany's Bundesbank chief Joachim Nagel had also said earlier this week that the ECB should raise interest rates in July to stop high inflation becoming entrenched, joining an already long line of policymakers calling for quick rate moves."
Can they afford it?

I bet you're a laugh a minute on a night out skier.

Although still in profit here and a few others, there's nothing philosophical about my overall current losses, they are real.

Where's the bottom here?
I was waiting for sub 30p, glad I held off. I guess like most, never took enough profit when I should have. Down a bit now, well quite a bit.
It's just a waiting game for me now, waiting to reinvest. The only question is how long?

Careful now, not too much profit, we don't want those anti capitalist pushing for a special one off tax.
Trouble is it doesn't stop at a one off, with their disastrous clueless policies.

It's all kicking off here again by the minnows who can't accept the way things are.
I'm off down the club, cheers.

"Mic - and also possibly in the near future the independence of Scotland so the break up of the union"
Yet another of Blair's f*** ups.

Since the signing of the Northern Ireland agreement between the UUP and the SDLP orchestrated by Tony Blair (your hero) this was always going to happen the demographic at that time dictated this.
You know why

You won't provoke many here with this Brexit nonsense. It's done, the people have spoken.
mick-b has always been bitter about it and will never accept the democratic result. So much so that he left the Lloyds BB for quite a while. He's now back spouting the same old rhetoric.
Some things never change

Same here, at the turn of the millennium we had substantial amounts (substantial by our standards) in various accounts to be within the compensation schemes. However, a few years later we found ourselves changing frequently as more competition arrived. Then it slowly started to change. The reduction in the premium bond prizes started it for me. £30k was the maximum then and that was quickly transferred back into shares/dealing. Followed by a gradual withdrawal from my accounts.
The other half wasn't so sure and continued with savings accounts, 2nd marriage for us, we have our assets somewhat separated this time around lol.
I got lucky before the 2008/9 downturn in that I was cautious about the impending financial meltdown, that's not to say I didn't lose money at that time. Who didn't?
Interestingly I am holding more cash atm in all my accounts, a SIPP, two ISA's and one trading a/c (different providers) and none pay interest. I keep them like that for those instant opportunities which don't always materialise.
Blimey, opening up this morning, must have been a good night last night.

Lloyds paid out c£22 billion on PPI, if that amount was spent on buybacks at today's prices just think how many shares would be in issue today?
Today's market cap is c£30 billion, anything is possible.

Appears the interest given by Halifax is about as fast as the rising SP of the group, not to mention the speed of their emails.

If only Halifax was as prompt with announcing rate increases for savers as it is informing customers of changes to the Bank of England base rate.
Last Tuesday, the savings arm of Lloyds emailed customers at 4.25 in the morning – informing them that base rate had changed. 'We want to help you understand what this could mean for you,' it said.

Of course, it hadn't. It wasn't until two-and-a-half days later that the great and good at the Bank of England decided to push up base rate from 0.75 to one per cent, its highest level for 13 years.

Halifax did admit its error later on in the day with a follow-up email and apology, but as the reader who sent me copies of the emails says: 'If only the bank were as prompt with its savings rate increases.' Too right.

For the record, a Halifax saver in its Everyday Saver account saw their interest rate cut to 0.01 per cent in March 2020 following two quick reductions in base rate as lockdown loomed.

Since then, the rate on Everyday Saver has been tickled up by 0.14 percentage points to 0.15 per cent. In contrast, base rate has gone up by 0.9 percentage points.

The quicker Halifax addresses this anomaly – and gives Everyday Saver customers a fairer deal – the better. As we have been saying since base rate started rising last December, it is time to give savers a rate rise. Now, or in Halifax's case, two-and-a-half days ago.

Example.

Lloyds SP 43.37 Beta 1.61
Market cap £30,190 million
Issued shares 69,631 million.

NWG. SP 209.5 Beta 1.72
Market cap £22,097 million
Issued shares 10,548 million.

Volatility has no bearing on share price, or vice versa.
Provided enough liquidity…..
Higher SP has no bearing on volatility.
Issued shares have no bearing on volatility.
Just saying.

I don't believe many would equate a FTSE stock such as Lloyds, as a penny share.

If you're reduced to spelling corrections you've lost it.
"Feel free to address an actual point I made."
I don't answer to trouble makers especially the ones that have no political views or allegiances or won't or can't or are too ashamed to state what they are, whilst continually want to score political points.
Ciao.

You see, there you go again, just can't help yourself, slowly rearing up into a more and more frenzied attack, twisting the narrative as you go.
I dispare.

We've gone from "46p Cheap as Chips Fill Da Boots" and 80p end of year "Wind Da Neck in Brixton" three days ago.
To, this morning, "just over 43p. What a Bargain." Love & Light Brixton Good Sport !"

Never mind the SP has gone into reverse.
The real progress is the "Wind Da Neck" to "Good Sport."
There's a few on here who could take note of that, instead of trying to promote their liberal views on everyone here and getting angrier with every post when making no progress.
Just saying.

It was a 'tongue in cheek' comment rickmeister, followed by a smiley. I don't expect Kallak will be infilled; former mines usually end up as a lake. It's not only KN, the follow on with KS and perhaps Parkijaure.
Whether Kurt's done land remediation or not Suzy none of this will bother Beowulf's current administration, they'll be long gone before any action on this is implemented and probably so will all of us. All they can give/guarantee is a statement of intent at this stage with an amount set aside from forthcoming profits to implement it. I think this is standard practice and also a requirement.

"When operations have been completed, the company must ensure that the concession area is restored so that the land can again be used for reindeer husbandry."

Now we all know about land restoration i.e. returning the site to its former use etc.
But if you take it literally we'll have to fill it in again, now that could prove tricky. :-))
Just saying.

I see our old friend Monti dei Paschi di Siena (MPS) is still in a bit of trouble. After a bailout in 2017 the Italian state owns 64%. Surprise surprise they're still struggling and want more.
Lloyds shareholders should be especially thankful that we, the UK, never joined the Euro zone and exited the EU.
Whilst our banks were building their reserves to comply with the increased CET1 ratio the EU was still trying to fathom out what happened in 2008/9.

"Italy sets aside more money to boost capital at Monte dei Paschi - sources"

https://uk.investing.com/news/economy/italy-sets-aside-more-money-to-boost-capital-at-monte-dei-paschi--sources-2641694

On a different note.
Ari's and Mac, two confused individuals. I suppose it takes all sorts to make a world. :-))