Ok I lied yesterday a little didn't quite fill my boots to the top and bought some more just now, have a few coppers and silvers kicking around somewhere so got some more should this wonderful buying op come again, I don't think so though as we head into divi territory. Gl all and buy more ! Have a fantastic weekend.
Sorry but I did not intend any offense or to come across as angry. To be fair, I think the article does not present the facts clearly in the first place and it is easy to get the wrong impression. I honestly do not think it can be said that Lloyds is not well-capitalised (not what the article itself said, but obviously the original poster had doubts about this after reading it).
Clearly, Lloyds are preparing themselves for the kind of stress test that the PRA are now administering by reducing their risk-weighted assets and should have 4.8% core Tier 1 level by the end of this year, as opposed to only 1.1% for 2013. The article makes it clear that this test is 'unprecedented'. It is therefore quite reasonable to conclude that they had not previously been preparing for such a severe stress test (after all, why would they?) but only for the less severe ECB one. Since they are now preparing for the more severe stress test, there is clearly no reason for this to be a cause for alarm.
I take your point about the dividends, but, IMHO, investors will be more forgiving about a dividend being cut or postponed because the Bank of England has imposed a stricter set of rules than if it were because the company was making losses instead of profits.
Great turnaround today . As we approached 71p yesterday I thought here we go again . Q3 figures derailed etc etc . I know it will see saw again but a bit more confident . Roll on Q3 announcement although I think the year end results in Feb 2015 will be the game changer . (how many times have I said that though !!!)
You seem angry? The link & my comments were not intended to cause you aggravation. It was the first time I read an analyst question whether Lloyds would pass the tests. (I had expected them to pass with flying colours.) I thought it would be helpful to post it. Were you aware of the article before my post?
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