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And according to Deutsche Bank, Lloyds Banking Group has a potential upside of PLC 26.2%. LON:LLOY had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today BUT who listened??? :))
I could not have put it better and sums up exactly where we are. Institutional buying of this stock is at an unprecedented level,albeit on a matched basis as HMG are known to be on the sale side in approx. 25 mio shares per day hence the lack of increase in the SP. HMG have to go forward with SId and are well placed in terms of knowing what is going on at the FCA and to a lesser extent with Lloyds performance going into the year end. I have set my views / research on Plevin.
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