They say you learn something new every day. Before this mornings opening i put a limit order on lloy at 80.75p, i had to be in a meeting starting at 8am but could see on my phone live it dropped immediately down to 80.50p within the first four minutes - 08.04am.....obviously i thought happy days, but to my disbelief when i rang svs securites to see had my limit order been hit, they told me limit orders only kick in / come into play from 08.10am - 16.29pm. Thank God by time i got back to my pc i was able to buy in just under 80p saving / making myself 1% extra,
just joking about the charts... each to their own and you had the trading sussed without. I saw your message on the Lloyds take over - no I definitely don't think they deserve a medal. The worst things originated in the states maybe but GB played his part big time by his light touch regulation approach which he thought would make the British economy thrive and his government look great. It did for a while as the banks went wild - and the leaders deserve no thanks at all for that - we and the rest of the world will be paying the price for years and years. Some if not all of the leaders were guilty of total arrogance - assuming that traditional prudent bank leaders and staff just didn't get it and were too steady. Meanwhile they were grabbing huge interests rates without questions and lading money into their bonuses. Merger mania and casino gambling took over and a lot of low level bank staff were pushed from pillar to post to keep up. I saw the messages coming down from the top in more than one bank that the old ways were too cautious and dated - the modern way was risk taking without a need to worry about so much detail. The successful bankers - I mean the ones who made sense of the job before that lot were detail people as well as having a vision - often to an obsessive level. The new breed liked a big broad view approach which let hem pass the responsibility down and work out how to spend their bonuses. Now PPI is hammering the banking system - the best you can say is it might teach banks to be more careful in future. The biggest villains in all this in my view are the lousy bank leaders and some of their buddies who got found out but still walked away with their bonuses and often to new jobs elsewhere, and the claims companies are top in my book. That said there are smaller culprits everywhere who thought excessive credit was free - and house prices would see everyone rich.
Its likely this s.p. Will rise ahead of itself thats the nature of the herd. Tneres going to be a dividend payment of at least 50% of profits next year.i can only envisage profits increasing . I can see 8 billion next year which would be a div of 4 billion.a 3 % dividend to mkt cap would be a good stick in th ground .which would give a mkt cap of c 120 billion ... 140% more than current s.p. So c 226p ..its not so unbelievable if you look at the recenthistoric increases. At the moment its the ppi and hmg holding a few things bach but once the herd start buying again like before ...theres only a few hurdles left dont miss out here you can double your money in e next year
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