Bulgaria is a tiny part of the European Union, its banking sector is even smaller because it is reckoned to be the poorest part. The general impact is negligible although the media will use it for witch hunt purposes. In terms of Lloy, although it will not be a dramatic rise, we shall see progress, slow or not, until the divis. The sentiment for ppi is well and truly delivered, there will be others e.g. Interest Free Mortgages and one or two others on the way. So a rocky road but a straight road. Lloy is well positioned. Deliver the divi and lets laugh. Cheers.
* 2013 reported underlying profit of £6.2bn * Q2 results in 30 days * Pre tax profit projected to exceed £8bn in next few years (~10p per share), * UK banking regulatory framework clarified "giving clear path to divi's" * TSB IPO 1st tranche 10x over subscribed, * Up to 7bn share buy back and cancel facility approved by shareholders, * HMG 1st tranche 3x over subscribed @75p * HMG 2nd tranche 1.7x over subscribed @ 75.5p * Return to full public ownership by end of 2014? * AHO "legacy issues decreasing significantly, Lloyds will be a high divi stock in the future"
Huge changes for Lloyds over the next few months, ie solid profit, completion of project Verde, return of divi and HMG exit, I sure wouldn't want to be out during this time,
OK so there has been a lot of 'hopeful' guesses about the LLoyds share price being 80 or 90 by end of the year. but I cant see why, based on what? on the one hand: general sentiment is against european banks at the moment because of legacy claims and potential for new claims in the light of the BNP deal. plus world issues are weighing heavy on markets generally. Bulgarian banks need assistance, and to cap it all BIS have put the dampers on by stating markets are getting ahead of themselves on pricing. There has alo been a lack of meaningful news (good or bad) from lloyds for sometime.
and on the positive side we have:........
so in conclusion I cant see any upside for lloyds for sometime, we wont know anything concrete about trading until end of july. and IF its good news we may see some gains over the rest of the year, but 90! that seems optimistic to me. lucky to reach 80 IMHO.. what do you think?
Madpat12 Thanks, I completely agree.Share buy back is a very very remote possibility.For a company that is working hard to keep nose above water share buy back is hardly an option.I hope I am wrong. GL
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