Lloyds share price was much better when it was paying £2billion a time for ppi now supposedly in much better shape with much stronger fundamentals, sometimes I wonder if they are trying to flush out most of the lower shareholders before climbing to a realistic sp oh why did I get in to this worrying time,
Oil hearty touched on the major point with these shares I've the gov holding which is very substantial.....until we know what this "rag bag" government is going to do with it uncertainty will prevail!!
The forward looking statement yesterday will be thrown out the window and the SP could be set for a full recovery. They got it wrong this month and i strongly believe they'll get it wrong next month. It's still too early for the BOE to make such a big decision. All the companies releasing H1 results have all pretty much said the same thing. They do not know the impact of the referendum until later in the year or in my view until they actually Brexit.
UBS had crap results 15% slide in profits and their share price is up 3.5 % as well and the CEO was saying the outlook was pretty grim looking forward. Bloody hell Lloyds - why did you have to do so well.... Loose more money in future....
interesting malta as the market have 100% priced in a rate cut. But then the markets have now been let down by BoE, ECB and BoJ, could Carney do it again and be the unreliable boyfriend? I cant see the economic point of rate cuts or QE, and would not be surprised if he does neither, but th markets would be....
Trading in equities is gambling. If the CEO had said the company was going to hell in a handcart and lost 100 billion but things can only improve, the SP would have gone up. It is farcical. Sold up 80% of my Lllods before brexit so have only a passing interest in this share. Down a few hundred quid but will hang on like the other mugs in this share to regain my losses. It only needs to go up 5p and i will get out but i fear i could lose more!!!!! People keep topping up??? They were topping up in the 70s, 60s and 50s claiming they were as cheap as chips. Throwing good money after bad. This share is heading south. It is a question of catching a few highs on the way down. It is a fairly sound bank but is knackered because it is a financial stock. All financials are knackered. Low to negative interest rates over the next few years means no growth and watch the contagion when the European banks default. All the other sectors are up since Brexit. FTSE 100 at 6.7 and Lloyds is down 25%. What will happen to Lloyds when the FTSE corrects??? I would not want to put a number on it.
If they don't cut interest rates next week it could get us up to the high 60s. It's the only reason why im holding. I cannot see the BOE cutting rates if the he Federal Reserve are looking to increase rates twice this year. My other reason is the UK economy grew by 0.6% in the three months to the end of June.
I think we might be pleasantly surprised next week.
Lloyds is a rock solid bank, one of the best in Europe, I am as brassed off as everyone at the SP considering all the fundamentals. In the next few years,...PPI, HMG% and brexit will all be sorted, in the meantime keeping taking the progressive divi's and DONT sell, you will regret it.
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