Cameron and his stupid EU ref is playing havoc here.
It's going to run for months yet and all the while the closer the UK get to a Brexit the worse the Ftse and UK market in general will suffer. They mention June as a date to hold the ref but it will get put back till the autumn imo and that makes the rest of this year a write off.
PPI causes lloyds price to fall, offloading does not let the share price rise, 0.75p dividend is hardly attractive, bank surcharge being increased, Plevin yet to come. Now downgrades have started, no statements to uphold the share price, sid sale yet to happen at 5% discount, estimated high Q4 ppi bill..years of share price gains lost
Seanhunter - like the post... long term investing has always paid off handsomely for me ( av buy now 41 p ) . No I don't like it down here but the med longer term prospects are v gd indeed. If this price range was seriously out of whack with the rest of the sector and / or market then we should all be worried but it isn't. The money has to come back into the market at some stage and when it does we will see a decent bounce. 25th Feb will be interesting and give us a steer on the short / medium term.
"have a 95% mortgage, have a new car on 0% finance, have a tv and sofa and pay in 4 years time for it, have a new kitchen and pay it off at £10 a week for 20 years,
How many people have 95% mortgages compared to those who don't have 95% mortgages ? How many people have 0% finance on new cars? How many people have TV and Sofa to pay in 4 years time Who one earth has a new kitchen for £10 pw over 20 years?
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