Interesting point young one - Lloyds is very strong on Tier 1 capital and one of the better capitalised banks at circa 13% wth very low bad debts on its book. However Italian banks are fooked and German banks are not much better with plenty of CDs which would be ht hard by no performing italian and portugese banks. But this is more political and Bloomberg thinks its been derived at so the banks wont fail the tests. This test is more political than financial as EU is on the line with potential Italian backlash. Cant see it affecting llloyds until all the EU banking system collapses later on.
Who would have thought we would be pleased to see 55p again !! I have 170k of these at average 68.25p and if we see that figure again will have a serious re think about Lloyds . I have grave doubts the generous divis we think are on the cards might never materialise . I have only myself to blame for having too many eggs in one basket . The lure of that elusive £1 per share always kept me from selling even when we reached 89p last year . Its a long way back to that point perhaps years and this share has certainly lost its sparkle for me and no doubt thousands of other small investors .
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