What a polite BB this is, compared to the other I look at (QPP) which has more than its fair share of rampers/derampers/shorters/LTH's abusive/ignorant comments! The slightest hint that the stock is heading south and they are on you in seconds - labelling you as one or all of the above. £2 is pie in the sky. Good grief, as was mentioned earlier this would catapult my life into a different earth orbit if that was to happen. Like Itsalotto, I would be absolutely over the nearest orbit (the moon) if this stock reached 1 green drinking voucher (£1) in the next 12-18 months. Its down to plain maths - the company can never be worth in excess of £150 Bn if it retained its market target. It is planning to become a completely transparent, solid, relatively risk free high street bank - very credible of course...but not a massive income generator, methinks. Once she reaches the magic £1, I can jettison it for more exciting stock.....such as QPP perhaps!!!!
Thanks itsalotto. As I am sure you know the Barclays share price is not comparable with Lloyds. Barclays have 16,415M shares in issue and a market cap,of £35.8bn. Lloyds have 71,373M shares in issue and a market cap of £53.5bn. Making it number seven in the list of FTSE companies. As a point of interest Royal Dutch Shell in the only one worth more than £150bn.
IMO the dividend will be key to further strength in the share price. Offset by Labour murmurings that it should be broken up, even after the TSB disposal. And offset by worries about nasties coming out over SWAPs.
Yes - £2.11 is too much to hope for in a reasonable time frame - my life time ambition will be achieved at £1 and I don't think I can be classified as a dreamer to expect that to happen within 12months ;-)
It is nice to dream, and that is what £2.11 is for 2015. As a shareholder since the 1980s, when Lloyds was our number one bank and in 1999 peaked at £10 per share on 1 May of that year, it has been downhill ever since. Even before the HBOS disaster the shares had slumped to one third of its 1999 value by 2008.
The shares slumped to penny share status after the Brown/Daniels/Blank disaster and were not far above 20p at the bottom. They have recovered to 76p, where we are valued at over £50bn. A rise to £2.11 per share implies a valuation of around £150bn. How many UK companies have a valuation of £150bn?
I will be delighted if they reach £1 per share, as all of those of us who were in before HBOS bought a shed load of shares at 37p in the 2009 rights, but we are all still hugely under water.
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