wiids the BOD and the City Institutions already know that. The FTSE 100 is only 300pts of its all time high. Lloyds are still down 38% from its all time high. There are underlying problems to the Bank fundamentals that need to be fixed urgently until this happens the City will continue to mark these shares down. A large scale "Capital Reduction Program" (£5 billion at least) is now necessary and will go a long way to addressing some of these issues as a consequence of this action cash dividends are going to have to be constrained for some considrable time, if it propells the share price back into the 80s or 90s that will suite most long term shareholders.
Reference your earlier post..20109.'if the results are good people will bail out'
I won't bail out of my main holding (58-88p) but on July 7th. I started with my very short-term trading and yes, if the sp goes to 60p I will sell that small holding/tranche,only 6000 to see how things go. I bought at 50.7..51p really. I'm, just not sure whether to go with the initial surge,that's assuming there is one of course..0830-0845 or wait and see what happens after that. From what I see when news affects a share there can be a spike at opening then it settles over the morning.
Any advice re. this would be appreciated. I've read posts on here that recommend sticking to the price you say you'll sell at and do it..not think it might improve and wait. I'm up £300 on today's close.
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