The idea that Lloyds could treble from here seems to me to be wishful thinking. I admire a lot of what the Fool say, but on this they are way off beam.
If, as they suggest, the shares could treble it would take the market cap from around £53bn to something around £160bn. Higher than the current value of the highest valued share in the UK - Shell at £157.7bn. Far higher than the second company in the UK, HSBC at £115.5bn. Twice the value of Glaxo at £76.5bn.
Lloyds has had an amazing run from the bottom of just over 20p. Having come down from the price in the "golden days" of £10 per share on 1 May 1999. There are huge numbers of shares in issue now, many sold at 37p and 38p on rights issues in 2009.
If the company makes £6bn in a clean year a large percentage of that would be spent on quite a small dividend per share. Assuming there are no more horrors like PPI to come out of the woodwork. And assuming Miliband would not follow through on his threat to break it up if elected.
I would be happy to see £1 in the next year. After that in my opinion 5 per cent per year capital increase and dividend would be fair enough.
Another bright sunny morning.LLOY has opened on a positive note. Wall Street will hopefully go North after the 3 day break. The Wimbledon men's final was fantastic.First test match starts in two days.England can look to a good challenge, no doubt the better team will win. Have a great day all
Good evening Hope the markets stay buoyant this week.It appears this share has become range bound around the HMG last sale price.It is likely to stay within a range for this week and the next but might move higher later in anticipation of good half yearly results GLA
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