RBS and Barc will tank imo bringing lloyds down with it.
We will see but the stress test made it quite clear those two would and could have a major problem.
With markets at all time highs and gold flying there is a perfect storm brewing. It makes sense that when markets are as high as they are and banks as low as they are, that there's even more downside for banks ahead unless you think the markets can keep going up from here.
Good reasoning Stagecoach and I think that you may just be right in that Ph will use this early period to make some tough but correct decisions and hopefully Lloyds stake will be one of them. I hadn't considered the RBS angle and Lloyds is now in very good shape so getting rid of the residual stake at breakeven or a marginal loss will not rattle too many cages....
I agree with your assumption HMG will not be far off break even point. However i think it will now become a damage limitation exercise for HMG and they will want to off load the remaining shares as quickly as possible even if it means taking a large loss, so they can concentrate on the mammoth task of selling down their stake in RBS.
The Syd sale like you say will have to be taken of the table. I would imagine now the hundreds thousands of people who registered interest in the sale has now completely evaporated due to Brexit and the dramatic share price falls we have seen in recent weeks.If Syd cannot double his money, Syd will not be interested. so their will be no out cry that a General Election pledge has broken on that subject.
well lets face it,sentiment worldwide was at a low ebb,in the last 4/6 weeks. so i would imagine pmi's to be a tad lacklustre. but i doubt if the world will self implode,just BURP.lol. anyway,morning shift all next week,so like u,ille be bombed out.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.