Member Info for TheFarEnd

It takes all sorts to make a world I guess, are you for real?

This has got to mean a lot more business for Lloyds.

A record number of buy-to-let landlords set up holding companies for their properties last year, in a bid to swerve higher taxes.
41,700 new companies were formed in 2020 - an increase of 23 per cent on 2019, according to estate agent Hampton International.

Buy-to-let incorporations were the second most common type of company founded in 2020, second only to firms selling goods online or by mail order.
There are now a total of 228,743 buy-to-let companies up and running, an all-time record.
Landlords who hold properties in a limited company can offset 100 per cent of their mortgage interest against profits, while those that hold property in their own name can offset just 20 per cent.

"As they say hindsight is a wonderful thing !!!"
It sure is Lenin, as many investors inform us how well they've performed after the event.
Keir Starmer is even making a new career out of it. :-)

Couldn't resist that last sentence admin, as we all know you are predominantly leftist.
BTW, hope there's not a Vladimir in your family tree Lenin.

The ONS said UK GDP shrank by an estimated -2.6% in November. Economists had forecast a -5.7% decline.

Those economists are on the ball, nearly 120% out on their forecasts. I guess they're all waiting for improved, revised figures to give them some credibility.
I bet they're not paid by results, nice work if you can get it.

Correct Lti, Rosewall has selective memory problems, he seems to forget all the anti English bile he's sprouted on here. Luckily, (for him) I expect it's probably been deleted.

Rosewall....
Need to know what has happened.... The UK had a referendum.
why has it happened.... The UK voted to leave the EU.
how do we fix it... In the case of the Scottish salmon/shellfish industry learn to fill out the forms correctly.
how long will it take.....that depends on how quickly they learn.
what happens in the mean time.......if you know the rules and can't decipher them, you're gonna struggle.
Have a nice day.

You never know the French may get their own soon, a multicoloured blue white and red one.

Johnygreenfeet lol, any significance in that unusual handle?

An extract from that report. -
"A prolonged period of negative rates could also raise financial stability concerns."
It's a big minefield and so easy to enter.
With regards to the inflationary cycle you mentioned "particularly in assets and commodities" that's a positive ATM because I'm sure most investors are showing rewards in that direction, just like NIRP though, it's knowing when to get out.
Cash will lose even more value if inflation takes off, just think what would happen if rates were to rise substantially to combat it, result misery Mr Micawber was right.

Good stuff Wids, it was the new blue one as well if I remember correctly.

"Money is either being saved or spent."
True Theo, if it's in a bank deposit it's being saved but IMO if it's in equity's etc it's being spent, paying down debt is no bad thing, again you're spending, and in so doing reducing your outgoings.
Obviously the best options for bank's is a healthy positive interest rate when you have room to widen the spread what you're selling.
It's all "what if" rhetoric ATM, the more relevant questions should be, what's the criteria for reversing NIRP once you set it? That's probably more difficult.

I thought most mortgages were set (including variable rate) at a percentage above the base rate, obviously if you have a fixed rate your stuffed anyway.
The last mortgage I had was interest only aligned with your current account, but not having a mortgage for some years now I guess I've lost touch with what's on offer. Guess "iam fick" as well cookoo.
I still don't see negative rates here anytime soon if ever.

It "may cause an exodus of savings" Theosus but surely that's the idea, to get people spending, isn't it?

Let's be clear, negative rates doesn't mean every man and his dog who has an account will be charged on that account for being "in credit."
Charges will probably be on a percentage basis on everything over a given sum deposited within the bank. The figure set will be way above the average account holders balance most will not even notice it.
Let's face it the average deposit returns ATM are zero or as close as.
Think about how much income you're collecting on uninvested monies in your trading accounts!

"lots of scaremongering regarding NIRP"
Yeah, and on here, most of it was you DT, just another thing you got wrong when you were swamping the BB with yer negative rubbish.
Just like you had to be educated about digital currency.

I don't expect negative rates in the UK are imminent regardless of the major banks readiness for it, but who knows?
Bailey has been playing down negative rates this morning.
But it's a different story over the channel, slowly and surely the ceiling for payments is falling.

This from Reuters this morning.....
UBS will close roughly a fifth of its Swiss branches this quarter and start charging negative rates on clients holding more than 250,000 Swiss francs ($280,646.61) or euros in cash from July, Switzerland’s biggest bank said on Tuesday.
“It’s becoming increasingly clear that we’ll have to contend with negative interest rates for years to come. That’s why we decided to lower the threshold for deposit fees,” Swiss banking head Axel Lehmann told employees in a memo seen by Reuters. “In the end, less than 5% of our clients will be affected,”
The new annual fee of 0.75% applies to cash balances above 250,000 Swiss francs ($280,646.61) and 0.6% on cash balances above 250,000 euros ($303,925.00) and will be charged from July, lowering the threshold from currently around 2 million Swiss francs.

With statements like this “It’s becoming increasingly clear that we’ll have to contend with negative interest rates for years to come" just shows what they're experiencing and expect over there. That's OK for deflation but I wonder how they would handle inflation?

"either support the company or don’t."
Either answer or cut the c.r.a.p. Pocko, tell us all how you support the company other than owning shares in it?
While you're at it perhaps you could tell me how I've been "wise after the event" as you put it?

Yep, been in profit for sometime now, I say it how I see it Pocko not how you would like it to be.
As you are such a great supporter of this company perhaps you would like to tell the BB what you're doing different from other investors on here?

If you don't like my contributions, filter is just above BTW.

Pocko
What sort of "BS" comment is that?
Are you suggesting that I haven't supported the company because I never took up my entitlement?
Like many, I've been involved here for over a decade. You just carry-on supporting the company in your own way, whatever that means.
I was just replying to Suzy, it is, after all, a discussion forum.

Anyone who's bought a share for capital appreciation (not paying a dividend) has called it wrong until it's sold at a profit, don't count your chickens Suzy.
As I said before, my entire holding to date has been obtained from previous BEM profits, with a 3.79p average I don't consider I've missed out.
This placement was a good opportunity for those with higher averages who are comfortable with the increased exposure, but not for me.
GLA.

Yes Alamal, as I said plenty of liquidity ATM, held over from Thursday, remember for every buyer there's a seller.
No guesses as to who is selling, if you subscribed from the placing, ballpark figures on those two trades of 1,019418 shares suggest a profit of nearly£22k.
But of course it could have been you Alamal, just dumping the excess!!! :-)