Seems like this Autumn will be as dire as the others, and although the PPI claims have peaked, they are, by no means ended.
Lloyds could not have possibly have made 'provision' for the full, expected amount it had to pay back in one hit, for it knew it would plunge the share, and all investors into an abyss, so, it does it in gradual stages, keeping those in, in, and those wanabe holders, buying just prior results in the vain hope that it is 'this time'.
My only positive on Lloyds is that as big institutional buyers bought in at 75 ish, then, that is around its value as we stand at this point in time.
Yet WHEN we see a meaningful rise, that will be when the divs are on their way. Yet beware of false dawns, as when everyone 'expects' good results, how easy it is to raise the price, just prior, to get more spiked on the spikest spike.
Still think more PPI to be put aside but 'ALL' will miraculously come 'right', incl the div, just prior G/E time, if ONLY for a short while.
When are the results re the stress tests? I presume then and only then will permission be granted for the resumption of divi's? There is a lot riding on Oct 28th, it seems.................................
Re: QPP, very strange share, hard to know where the truth is at concerning this company. I had been watching it for a long time, yet had sworn would never touch aim again.
So many times seen massive hype on aim, and the inevitable spike, then the plunge back to a 'real' s.p figure, so kept out of QPP.
Then came the Gotham news, s.p plunged, this 'report' was said by QPP to be totally false, so I (along with many other suckers no doubt) bought into the share.
Since then, it has done little but plunge even lower, with, of course, the false rises, every so often, just to keep the buyers thinking "its all over" and mopping up the cast offs of those getting out.
I know it is shorted to death, but I wonder where the 'true' price range of the share really is?
Hope it comes good for us all, including Billy Bean, should have known it was fated as soon as he invested!
Sorry to others as off topic, so I will add a comment about Lloyds to keep it legit.
I see complaints against PPI are around half what they were, so, should mean, UK banks only have to find another 8b between them, before it is all over!
Strange how many think that when the 'peak' of the claims had been reached, then, that was 'it'.
Yet the peak was reached gradually, and will subside equally as slowly. MORE pain yet, Autumn of Angst to come.
Dare I mention it in public, but I am heavily into QPP also! Have been for a long long time. What a nightmare that is! But I genuinely believe it has something going for it - just need to dispose of the shorters and it will fly. However the morons who are on the share chat have made a mockery of decent diatribe - no-one is allowed to criticise QPP come what may. They really are a bunch of imbeciles on that site.....unlike here, where we all seem to have remained remarkably sanguine! I have to say, following on from this - that your latest post is bang on (IMO). Drift up to low 80's and then drift back again pre GE. Nothing earth shattering will happen to this stock until HMG jettison it completely. My other gambles: SOLG and ROSE.
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