Yup most certainly a nice return for some. I'm only guessing but me thinks Lloyds is getting a bit toooo close to the 60p target price some analysts have now set and comfortably about Berenberg's target price. I've cashed my chips in but assuming the UK housing market doesn't fall off a cliff in the next month, I'll be buying back in sadly at a higher price than the last two purchases I made but ce la vie.
Wonder if he will return in Sept. to lick he's wounds....and offer some convoluted explanation. Just read your very optimistic post of the FT100 reaching 7500 on the SportsDirect board. I doubt it...but hope so as it could return this to the pre-Brexit 72p were it belongs. Cheers GL
hmm. The Eurozone is slowing and the US is flatlining giving the FED something to think about in Jackson Hole. Oil and commodities are under the cosh as the fast money is looking at US rates and buying the dollar ahed of it. Meanwhile back in Blighty our economy is doing ok and certainly much better than had been predicted by the BOE and HMG following our "disastrous and reckless" decision to part company with the Eurozone. With many Euro banks on the brink having to fess up that they did not take action to recapitalise balance sheets as we were made to by Brussels Italy in a mess and Greece still teetering its just a matter of time before the situation in the Eurozone is going to get a whole lot worse especially now the Euro has done "so well" against the "risky " pound lol. Moodys are already back tracking and so will the others. We will get a special deal I am sure as pragmatists in the EU will ignore the lunatic rantings of that little Luxemburger Junckers.
Newchurch I'm here by default having bought at 72p on the 23th June as a gamble on the ref. result. It was supposed to be a short term punt for a quick profit. Like the city and the bookmakers it was a terrible call. So like many here I'm in for the longterm and will sell on any profit.
Shame you didn't top slice your excessive holding in the 80's or sell your rights in the market. But excessive GREED as I have found is often our undoing. Cheers
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