Newchurch, it really is simply the belief (not fact, at least not as yet) that we are heading for a UK-led recession and Lloyds would suffer most if this materialises. Even if true this fall from low 70s to low 50s has been massively overdone IMHO as the "positive points" you make are valid esp. on PPI, etc and why it SHOULD really be higher. Hold tight, but I can see if youve held them for so long why you might feel it is never going to rise/increase its distributable profits but I'm sure it will in time (with or without BREXIT - and if we didn't leave the EU then the rise will be much quicker). ATB, Scfc
Meer, I don't known if you or I have been here the longest. But either way I have seen a lot of posters come and go, and almost all over the long years have expected great things from Lloyds, which has failed to materialise.
Unless you bought in when we were languishing in the 30's, or less, this must be one of the worst FT100 shares to have owned, RBS may be as bad, yet, that is to be expected, being almost nationalised.
How and why Lloyds ever reached the 80's and 90's, to come back to this level, when PPI is supposedly ending, Gov are 'almost' out, and many bad debts have been already sold off, at now accounted for, huge losses, bank has reduced staff, and sold off large amounts of unneeded property, is to me quite telling of how dire the future outlook must be.
That or it is under priced for some unknown reason. I fail to see that after the Gov has sold off such a large proportion of its holding, that getting shot of the remainder should propel it into hyper drive.
Same with PPI, if, as most say, it is coming to an end, then, with the bulk sorted and paid for, the share price should be rising rapidly not falling.
Most people having mortgages must happy paying back the lowest amount for decades, so repositions must be minimal.
I understand that commercial property is now a huge issue, maybe that is what is dragging this down.
Yet as this Government wishes to build on more and more of our lovely countryside to house the third world, one would assume that Lloyds and builders would be 'the only game in town' to invest in.
As they are the hardest hit, one has to wonder WHY?
If this was an aim share, the posters would say "It's under the radar".
Lloyds is hardly that, even my dog own a few shares in it.
We are not needing the EU to collapse to justify our position. It's already being propped up beyond belief.. It's a complete sess pit and I'm glad we have voted to leave. The EU is a toilet!
Who the hell wants to be part of something so distastefull and lacking in any real benefit for the 99% who don't have capitalist interests? the EU morphed into a complete joke over the years and it's stiffling us to the extent that our country no longer resembles the UK. It's like a sess pit for anyone and everyone to come and p155 all over us long suffering brits and do what the France they want.
I hope we start and look out for our own. We might not be perfect but we are not as dirty and dangerous and those who are threatening our very existence and security today.
Of course the EU's last comment could be that of Take That's "Stay Now"! Should the Misses realise she can't cope without the settlement fees and she may have to accept a few conditions like helping to bail her out of a bad debt crisis which is looming because she owes to much on the catalogue buying Italian, Portuguese,Irish not to mention Greek clothing.
I was holding glencore shares till referendum date then l scared sold it all then bought Barclays shares that time l had biggest mistake clencore l sold it after referendum 136 now they are 185 so unhappy but Barclays not moving at all last few weeks let's see hopefully it will start moving like clencore
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