Member Info for TheFarEnd

The doomsters think that all self employed people will become unemployed.
Percentage figures being quoted are only guesstimates issued by the ONS not by the government.
When anything is published, even actual results, you don't agree with the findings, but accept other countries figures.
You should listen to yourselves, get a grip. You are all sounding like the opposition, everything that is happening is wrong but no answers.
This is the time to be positive.
Have you never experienced a recession before?

Virgin Money sinks to loss after putting £500m aside for bad loans https://thismon.ee/a/8986991

"she is probably at home now with an H&l account deciding where to top up tomorrow."

I would guess there's a good percentage on here doing just the same Highveld.

"BoE needs to introduce the BitPound"

DT a couple of months ago you thought cryptocurrencies were the exclusive preserve of the Chinese, good to see you've been doing a bit more research.
You see all this c.r.a.p. you've been posting comes back to haunt you.
You'll get there son :-)

I know you have me on filter yet again, but just trying to enlighten the board..

"I take the contrary position and say 'Any deal is better than no deal'."
Highveld, you must be a Theresa May fan, you know what happened to her.

There must have been some sort of caveat in place to prevent any kind of offer from RDH, wonder what the timeline was?
Not that I'll expect anything anytime soon, he's only just got his new office sorted.:-)

If Banks are in a worse mess now than 2008 then I think it's time we all packed this trading lark in, there's no hope.
The £394 billion is only this year's figures, it won't be paid off in our lifetime probably not your children's and grandchildren also.
UK o/a debt is unsustainable by spending cuts and tax rise's the only way is through inflation.

I guess by that post stackofstocks, is an attempt of your justification of selling out at 33p, followed by as always DYOR.
On the other hand perhaps peep's have Done their own research and have come to the conclusion that the underlying trend at this moment in time is still undoubtedly upwards.

No amount of research into the lloyds SP movement will indicate which way it will travel.

If I sell a share and it continues upwards, which it usually does btw, I don't wait for it to drop below my sell price before buying back in if I want to.

£280bn to get the country through Coronavirus this year
£18bn earmarked initially for Covid response next year, plus £3bn for NHS recover, £2bn for transport and £3bn to local councils, £250m to help end rough sleeping
£2.6bn to support devolved administrations.
Next year public services funding to cope with Covid will total £55bn
OBR: Economy to contract 11.3% this year; growing:
5.5% – 2021
6.6% – 2022
2.3% – 2023
1.7% – 2024
1.8% – 2025
Economy will be permanently smaller by 3% in 2025
UK forecast to borrow £394bn this year; 19% of GDP
Falling to £100bn – 4% of GDP – for the end of the OBR forecast
Business insolvencies have fallen
Unemployment remains lower than in Italy, France, Spain, Canada and the USA
£3.5bn for DWP to help those unemployed for over a year find new work
OBR expect 7.5% unemployment by next year, falling to 4% by the end of 2024.
Public sector wages

private-sector workers’ wages fell by nearly 1% up to September, whereas public sector rose by almost 4%
“I cannot justify a significant across the board pay increase across the sector, instead we are targeting” support”
Majority of public sector workers will get a pay rise
Nurses, doctors and NHS workers WILL get a pay rise
Pay rises in the rest of the public sector will be paused next year
2.1million public sector workers below £24,000 will be guaranteed a pay rise of at least £250
Minimum wage will rise as will the National Living Wage
Departments

Day to day departmental spending will rise next year by 3.8%. An increase of £14.8 billion.
Core health budget will grow next year by £6.6bn
Criminal justice funding will increase by £1bn next year, £4bn over four years to provide new prison spaces
UK infrastructure bank based up north
Foreign aid

0.7% “difficult to justify to the British people”
Cut to 0.5%, with an aim to return to 0.7% when next possible
£4bn levelling up fund

Any local area will be able to bid directly to fund local projects
Administered between Treasury, DfT and Local Government
The projects must command local support and from the MP.

As someone who posts on the lloyds BB and is invested in both companies, I must agree with some of the observations here.
However the subject of Brexit is past as we left the EU end of January, the resulting trade deal negotiations will impact more on a major UK only bank i.e. lloyds than it ever will on RDS. Likewise with the political interference, as can be seen by the recent interference regarding suspension of dividends.
Saying that, yes, there's certainly more noise than information.
The info side really only picks up after results, AGM's and management statements, it's certainly a different animal than energy and petrochemical products.
I agree there is too much waffle and c.r.a.p. on the lloyds forum.
Just saying.

castle, can't believe your view on a deal, any deal between the EU and the UK is based solely on the performance of the lloy SP.
Just saying.

I don't care if the SP drop's under the issue price, it could go to 3p, 2p, whatever, if I could add more at 1p I wouldn't.
I've long since given up on any speculation here, but content to hold at my present average which I could cash in right now and make a profit, Beowulf doesn't owe me anything on my holding but that's just my position.

Now I realise some will take this opportunity to lower their average at the cost of further dilution and for some this may be the only action available to salvage something from this debacle, because that's what it is, a complete fiasco. Of course any returns you manage to salvage, probably depends purely on the Kallak decision anyway, which could be more without the large/excess fund raise.

The maximum net amount BEM can raise through this Ri is c£6.0m, that's the rough equivalent of the total amount spent on Kallak so far, I'm doubtful that they will achieve that sum, but WDIK.
Kallak is the area in play here, until this gets some meaningful advancement the dilution will continue, how else can we operate?
Now I can understand the need to diversify which has been Budge's strategy, but it can have a detrimental effect on the company resulting in too many uncontrolled operations.
This, IMO is what is now happening and that is clear from the usage of these additional funds for instance in Vardar, where we have no overall control but appear to be the sole provider of finance.
Fennoscandian is 100% Beowulf's but progress seems to be somewhat slow with no sign of any added value on the horizon.
Some of this funding has been set aside for Kallak but not until we have a favourable decision.

It's these, continue rinse and repeat statements from the board about what we are going to do when we get awarded the concession, but they can't organise a two or three man drilling operation and remember this is in a country that has avoided "lockdowns" as a policy. It could be said to be wishy-washy Eric lol.

With the onset of a vaccine and all the resulting investment opportunities out there ATM it doesn't make sense to me to invest into something that MAY happen with diminishing results through dilution as opposed to something that IS happening right now.
We all knew that this recent loan would have had to be paid off in the new year, but I wonder if Budge had delayed announcing this Ri if we could have enjoyed some upwards movement in the SP like the rest of the market, but that's a what if.

GL to all those who take-up their entitlement.
As I've said before WTFDIK, That's me done here, a somewhat deflated and disappointed rant at the non progress of BEM.

Rosewall, we've had a lucky escape, read this you might understand why.
A step closer to federalism.

https://unherd.com/2020/11/brexit-makes-more-sense-than-ever/

French Finance Minister Bruno Le Maire said he would press the new Biden administration in his first contacts with them on Monday to quickly back an overhaul of international taxation of digital companies.
“I really hope that this new Biden administration will mean a new start in the relationship between Europe and the United states,” he said in an online Bloomberg event.
I guess they think they're on firmer ground now Trump's going, and no retaliation like increase in automotive import duties.
I just get the feeling that Biden will be like Obama, long on rhetoric and short on action, except the rhetoric won't be that long as he tends to loose the thread.
I'll be surprised of an early UK trade deal from his administration.

https://reut.rs/3nQ28d6

Get ready for the recovery - as FTSE is tipped to soar.

https://www.thisismoney.co.uk/money/investing/article-8972907/Get-ready-recovery-FTSE-tipped-soar.html?ito=native_share_article-masthead

That maybe so Maldon, judging by the traffic it's about the only thing that is.

Anything with DCB's moniker on it, gets deleted, why does he bother.

Reducing the CGT limit by c80% highly unlikely IMO.
Up until 2007/8 CGT was taxed at the same rate as income tax.

Yeah, I remember 43p man, he waited all that time to get his money back and sold at his buy in price.
If only he'd waited a bit longer he could have doubled it.
We've never heard from him since.

I must admit to averaging up over the last week or so, and still holding.
Just saying.