If we look at the dip in the share over the last few weeks and compare the trend with history over the last year this is again another buying time.there as to be a bottom to the price but as we know its determining when that is but since they were 75 I have been buyng to the tune of 300k with another 100k this moring.
As Bricktop says the crucial data for an upward thrust are the half year figures and I suspect the sp is being driven more by that than any other influences,.the last week prior to the figures is always speculative and should drive the sp up.
Lending to high-LTV borrowers reached a post-crisis high in June, according to the latest Mortgage Monitor from e.surv, with a total of 10,898 loans approved to borrowers with a deposit of 15% or less. On a monthly basis this represents lending growth of 12% and is 52% higher year-on-year, marking the biggest monthly total since April 2008. Overall almost a fifth of house purchase lending was to high-LTV borrowers in June, a proportion which helped the average LTV climb to 63.6%, the highest level seen since August 2007.
However, total high-LTV lending is still a long way from its pre-recession peak - in February 2007 there were 41,745 high-LTV loans approved, four times the volume in June 2014, while the proportion of high-LTV lending is also far smaller (in 2007 more than a third of loans were to high-LTV borrowers).
However, there are concerns that the recovery of high-LTV lending could become subdued over the coming months as the Bank of England's LTI cap takes hold, as Richard Sexton of e.surv comments: "A glut of high-LTV deals has tempted borrowers back to the market, [but] the tides may be about to turn.
High-LTV lending may start to tail off in the wake of new regulations. We should bear in mind that while high-LTV lending is recovering, we are still nowhere near pre-crash levelsâ¦ simplistic LTI caps are a step too far, and may tip hosts of creditworthy borrowers out of the market.
for what its worth the s.p. is being dragged down by the markets and not necessarily the business structure or profits to be announced soon. I think there will be a change in direction from the end of this month. The divi subject donesn't need mentioning or the HMG next sell off, its all about the last six months and how Lloyds are doing
My21 comment is interesting.Looking at LLOY price makes me wonder where the market is going and where LLOY going.These officials and politicians create opportunities for volatility and speculation. GAL
Bank of England (BoE) Deputy Governor-designate Nemat Shafik has said there may be less slack in the economy than the central bank estimates.
Speaking to lawmakers on Parliament's Treasury Committee in London on Wednesday, she said the UK economy is recovering at a "striking" pace.
She predicted that the BoE's central view published in May, which put spare capacity at 1% to 1.5% of gross domestic product, will probably be revised when the figures are reviewed in August. The BoE is due to publish its next quarterly Inflation Report on August 13th.
"They will probably be lower," Shafik said. "We've seen that both output and employment have improved far better than we had expected. And spare capacity in firms seems to have closed."
Shafik added that real incomes and productivity are needed for growth to become sustainable.
Her remarks are likely to fuel speculation that interest rate rise is approaching.
Earlier this year BoE Governor Mark Carney argued that interest rates will remain at a record low until more spare capacity is absorbed.
dipped my toe in again at 72.8, hoping that the current sell off has been over done and that a normal correction back up to say 74 would make a few quid. fingers crossed. If not the fall back position will be a rise based on good news at the end of the month. if that doesnt work I may take a view on selling or holding.
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