Hi Jings, yes, I know it's gone down in their report but these kind of figures are a bit hit and miss. Banks reports are almost impossible to really dissect. But on the flip side, they will always be around and they are really turning around. If we were in the Euro I wouldn't feel quite so optimistic but even though they affect our economy, we are in a much better place.
We are more correlated to America, read an article yesterday about how Fannie Mae has bounced back, Amercian housing is going to start another bubble pretty soon. I think it will feed off over here. As we have said before, when housing comes back, LTV's will go down on banks balance sheets, lending will grow, unemployment will fall. A domino effect which perhaps will start next year? Will happen though, another boom and then the banks will start to grow their balance sheets yet again....!!!
I bought in to that rights issue in 2008 (along with 0.25% of all other shareholders apprently). I was suckered then, and I've been suckered ever since! Didn't know there was a shareholder group though.
Optimistic. For me this share will move up to £3/4/5/etc and it is simply a question of when. I cannot accept that in old money, as a bank it is not worth more than the current price of 28p !! For me the share is likely to go above £5 around the election time, and above £3.70 in the next few months. But then I am optimistic and have only been buying not selling.
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