Lloyds Banking Group Live Discussion

trader_jack 20 Feb 2020

LLOYDS is going to FLY J_Westlock: Further, for TJ… I wasn’t sure if he meant earlier that he ONLY puts money into ATST… I assume he didn’t mean that… but if he did… there are other better yielding and certainly more performant funds in this sector on a total return basis and it would well be worth considering that… unless other factors are in play like particularly liking what ATST invests in. Hi again JW Thanks for that, very interesting. I was a customer of Alliance Trust for many many years and much of my own savings went into ATST. So when I started savings for my grandchildren I put all the money I saved for them into ATST. When Elliot Brothers came to an agreement with Alliance Trust to buy the whole of their stake it rather spooked me and I cleared my grandchildren out of ATST and into other stocks such as HSBA, LLOY, NG and VIN. Most of the savings are now back into ATST but some of my grandchildren still have HSBA, LLOY & VIN. I sold out of NG a couple of weeks ago at 1015p and put the funds back into ATST at 864p, I should have waited a bit longer I think, but hey, they dipped as low as about 750p in 2018 but with dividends reinvested the price I sold them at gave them a reasonable capital gain. Of course I realise that there are other investment trusts out there that I could put them into instead. I may well have a look around at some stage but ATST has been a reasonable run of the mill stock for them. Of the ones you listed Monks and 3i priced at over £10 per share - I think of as “expensive” SMT possibly quite high now around the 650p mark, Mid Wynd I have never followed but will run my rule over that in the coming days, the same with STS but it looks a reasonable divi payer at first glance trading around NAV whereas ATST is at a near 5 percent discount. I do look at quite a few IT’s over the course of the year and will probably put my 20/21 ISA allowance straight into BNKR which I have followed for some time. I owned some shares in it a couple of years ago but sold them to buy a new car just over a year ago. In hindsight there were other IT’s I hold that I could have sold instead which haven’t put on the almost 25 percent in the last year that BNKR have. When I first put money into it’s many years ago I looked at Personal Assets Trust but decided that the actual cost per share would get me fewer shares than ATST would buy. If I recall anywhere near correctly ATST back then were about £14 per share and I want to say that PNL were priced not much different to todays price although I never really followed them ATST underwent a 10 for 1 split in 2006 having reached about about £34.50 per share! May I ask a stupid question? Using your rable and STS as the example am I correct in assuming that the abbual cost of holding STS (their charges?) amount to 0.02percent pa and with a dividend payable of 3.02 percent pa per share then I would actually be earning 3 percent pa per share against 0.7 with ATST? Best regards and good night TJ

PHILKES 20 Feb 2020

LLOYDS is going to FLY So 56.55p at close KD01 56.78p (assuming without the 1.00?) looks the closest Skiking37 57.4p (looked good early on) Prefinvestor1 54.4p Philkes 54.2p JWestlock 45.7p (thankfully not!)

frog_in_a_tree 20 Feb 2020

LLOYDS is going to FLY Good to hear you are undertaking an expedition to the Somme with your grandson. Hopefully he will develop the same love of France that you have. Cheers, Frog

Eadwig 20 Feb 2020

LLOYDS is going to FLY PrefInvestor1: US markets throwing a wobbly this afternoon so everything is down and the FTSE 100 fell off a cliff (probably as a result of that) after 160. US results and forward guidance with coronavirus in the mix appears to be the cause of it. This was always on the way this results season, as I posted here and elsewhere. So I know you’re ready with cash to snap up bargains. Goldman issued a warning yesterday that coronavirus could be the cause of the long-awaited correction. So, just the two or three weeks behind me. I’ll add a paypal account later for you all to send me your consultancy fees.

Eadwig 20 Feb 2020

LLOYDS is going to FLY trader_jack: Of course that might be a good idea these days depending on where she is likely to go but then who pays for what and who chooses where to visit? We could have a fun time deciding on where to visit. Planning such a holiday, with organised trips and visits in the different places can be a lot of fun if you like that sort of thing. Easy to do these days on the internet too. She might not want me around cramping her style, of course. Maybe I could meet up with her in one or two places instead. I doubt she’d want to travel alone, so that would be an issue is she goes with a friend, who pays? On the other hand, when it comes to hotels, most rooms cost the same for one or two people. trader_jack: I think that if I tried that with my granddaughter it would not end well. She is so choosy over what she eats (virtually nothing) so trying out local cuisine would present a problem, although she will eat Chinese, chicken and rice and that’s about it… I have that problem with Ms. Eadwig. She wont even try my cooking, let alone anything new or exotic. Then she puts so much fresh garlic in some of her cooking that the strength of smell actually gives me a headache. Can I get her to try, say, mango chutney? Not on your life. Miss Eadwig may turn out the same and she may not. Too early to tell on such things. The best way to get her to try something new is to sit down in view of her and start eating. She will always come over to ask what it is, and more often than not she wants a taste and then half my dinner disappears if she decides she likes it. I make my own cheeseburgers on occasion and I garnish them with chopped lettuce, among other things. She’s got to like the lettuce so much she will now eat a plate of it if I chop it in the right way (but not a leaf of lettuce on its own) She can take or leave the burger. Strange but true. Her latest thing is mixed nuts, especially almonds. I couldn’t eat lettuce or nuts when I was her age. On the other hand if I make something for her and try to get her to eat it she wont, 90% of the time, unless it involves chocolate. Still, the ‘This is my food, get off!’ decption still works well for now.

J_Westlock 20 Feb 2020

LLOYDS is going to FLY Yes indeed re: PNL Certainly the impact of over 1/2 it’s assets in US market shows through so comparing only to FTSE100 can be a little misleading. I just did a quick comparison to similar ones in that wold sector (Monks IT, VEVE etf, STS IT and TJ’s ATST IT) over last 3 months: image.png1460x520 100 KB All fairly similar but PNL does appear to smooth out some of the highs/lows… not that it seems to over longer periods I also note. Further, for TJ… I wasn’t sure if he meant earlier that he ONLY puts money into ATST… I assume he didn’t mean that… but if he did… there are other better yielding and certainly more performant funds in this sector on a total return basis and it would well be worth considering that… unless other factors are in play like particularly liking what ATST invests in.

PrefInvestor1 20 Feb 2020

LLOYDS is going to FLY Hey @J_Westlock, Just happened to see Personal Assets Trust (PNL) on one of my watchlists and noticed how well its been doing. image.png960x548 33.4 KB Given the highly defensive set of assets that it holds thats quite remarkable really. Dividend is rubbish though…so I dont think ill be buying. ATB Pref

PrefInvestor1 20 Feb 2020

LLOYDS is going to FLY Hi All, Well 56.55 at the close, who would have bet on that when they were knocking on 58 this morning ?. But hey its better than 53.55 so I doubt many LLOY holders are complaining. US markets throwing a wobbly this afternoon so everything is down and the FTSE 100 fell off a cliff (probably as a result of that) after 160. Oil up still today and GBP down so thats something. Tomorrows another day. Right now my portfolio is pretty well flat for the week. ATB Pref

skiking37 20 Feb 2020

LLOYDS is going to FLY I noticed that the dividend hasn’t changed recently. As for the split of the company, yes, at the time there was a substantial decline in SP but over the last 12 months it has made a good comeback apart from the big drop at the announcement of the FY results. I was hoping for a better value stream with the company splitting and the plans to offload some of their product line and tie ups with Pfizer. May keep an eye on things over the next few weeks. Not in a rush! Thanks for the input

trader_jack 20 Feb 2020

LLOYDS is going to FLY J_Westlock: If you mean the place that’s a long bus journey away from Bangkok… Ayutthaya. Hi again JW, Yes that seems a familiar name. Never did it by bus just about a 90 minute trip along the river from the Oriental. A good day out. Best regards TJ

J_Westlock 20 Feb 2020

LLOYDS is going to FLY trader_jack: Some of the places visited included all the shrines and temples in Bangkok and the ancient temple city along the river (forget its name) If you mean the place that’s a long bus journey away from Bangkok… Ayutthaya.

trader_jack 20 Feb 2020

LLOYDS is going to FLY Eadwig: A round-the-world air ticket with 6 stops that you have to think about and plan in advance to get the most from your trip … well that is worth a year’s extra education anytime. Depending on the stops picked, that is. Hi there Eadwig, How are you keeping? Certainly a round the world trip could be educational for her depending on her definition of the word educational. I have done a round the world trip twice, once with her mother and once by myself. Countries visited included Thailand, Singapore, Bali, China, Japan, Hawaii & USA. Some of the places visited included all the shrines and temples in Bangkok and the ancient temple city along the river (forget its name), The Great Wall, Terracotta army, USS Arizona at Pearl Harbour, New Orleans, Nashville and Lynchburg Tennessee (Jack Daniels.) Everybody is different, whenever I have had my grandchildren for any length of time and taken them out anywhere my policy has always been “is it educational?” Five years ago I took my grandson to Ypres (I had never been there) and we spent 5 days just the two of us going around many of the WW1 sites. His father could not understand it “why don’t you just take him to Southend he would like that much more.” On the last day in Ypres I thought that we had probably visited enough places and offered to take him to the local amusement park, “No,” he said " I am here to learn as much as I can." He was 9 years old at the time. He picked up a prize at school for “best essay” for his account of the trip. Most of my grandchildrens savings I have kept in investment trusts notably ATST as I have come to think that their expertise in stock picking and growing savings is actually a tad better than my own. “Perhaps I’ll go with her just to make sure she stays safe …” Of course that might be a good idea these days depending on where she is likely to go but then who pays for what and who chooses where to visit? I think that if I tried that with my granddaughter it would not end well. She is so choosy over what she eats (virtually nothing) so trying out local cuisine would present a problem, although she will eat Chinese, chicken and rice and that’s about it… Best regards TJ

PrefInvestor1 20 Feb 2020

LLOYDS is going to FLY Hi @skiking37, GSK has been challenged on earnings for a long time now, still clutching on its lung treatment Advair for revenue but fast being replaced by generics. Dividend has increased in a long time and was down to 4.5% when they were at 1800+. In their last results they announced splitting the company into two to try and create more value but it didn’t go down well. Doesn’t have a great drugs pipeline IMHO and I don’t see the prospects as being great myself. I sold mine last year and put the money in MRCH. AZN has a much stronger pipeline and its share price always looks like its doing well. But the dividend is very low at 2.8% and at £76 a share you couldn’t call them cheap. If the low dividend doesn’t bother you then I think AZN is a better pick right now. But TBH I don’t really like either… ATB Pref

PrefInvestor1 20 Feb 2020

LLOYDS is going to FLY Hi @trader_jack, Yes the issue with kids getting their hands on their JISA when they come of age is quite a well known one. Depends on the child if it’s a problem or not, need to educate them in advance of the event. But teenagers - who knows what they will do. Minecraft isn’t a free game, I think my copy cost about £30 on the Xbox. Undoubtably cheaper on the iPad as all iPad games are cheap. And yes most games offer the possibility of in game purchases these days, but if your child has a children’s account they should be safe from that (provided you set it up right). Fortnite is more of a first person shooting game by the look of it, we don’t have any games like that, ATM anyway…used to like doom and quake myself though. We quite like the Lego games, some fighting involved but not really first person shooter type violence. Good to hear from you. Keep posting !. ATB Pref

trader_jack 20 Feb 2020

LLOYDS is going to FLY frog_in_a_tree: Its only money TJ! Hi Fiat, Well you are correct there of course. Perhaps I should have kept the lot for myself and spent it on wine, song and what was the other thing??? Or just frittered it away as I went along. Let the future generations sort their own problems out, I never had the Bank of Mum & Dad to help me and I don’t suppose you did either. Did I tell you I am off to the Somme in 8 weeks time with my grandson for his first visit there. Best regards TJ