and I am not a trader, well every now and again. I agree with your view on Lloyds you probably can make a coupla quid here and there but I suppose you have to be focused. Anyhoo I am confident we will recover into th eighties but it looks like the markets are taking it down. I am jealous of the Ocs and 1.6 euros, blinking heck it probably tastes fine as well. ATB Cheers.
ALL the banking stock has been slugged again today. In fact this whole sector has been affected by global issues, so try not to disassociate LLOY from this. Look at it from an outsider perspective: The stock doesn't have much news to declare of late; a portion of it is owned by HMG and cannot therefore offer much investment scope. These two issues alone are enough for most retailers, II's and others from dabbling. We need a spark - a trigger...maybe the half yearlies or news of the divi or a buy back et all will be that catalyst. Time is the enemy here, not value. The stock is bursting with value for money but is there enough time for this to bear fruit? September brings Scotland. May brings the GE. Global crisis etc etc; everytime something as debilitating as these arrives on the scene - they re set the clock (and the SP!!!). PATIENCE will reward.
I'm not saying that they will not buy back any shares I'm was just responding to a previous post that Lloyd's themselves are deliberately trying to keep the share price low so they can buy the shares back cheaper! And that they haven't got the money to buy any meaningful amount back off the government so they will have to sell to the institutions to get rid of most their share holding - which they would want the price to rise to enable them to offer a discount and get rid!
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