the persistent meddling by our Govt has put many off getting back into the State held banks and provided an opportunity for shorters to game HMG's next move. Institutions with Lloy or for that matter RBS have proably been only too keen to earn a bit extra and lend the stock out. Now the risk reward position is skewing in favour of holding stock is being recalled or shorters have had enough. Once number strat to improve the potential for large jumps in earnings is real be it through lower provisions improved net lending margins costs revaluations and so on leaving the real possibility of substantial share buy backs over the years ahead and the resumption of dividend payments to shareholders in an effort to make amends. With the EU paid back and the Govt out the shares will be rightly seen if somewhat belatedly as a viable recovery play. The temptation for the Govt to sell is very real but they will want to show a profit so that they can put some of this if needed to sub RBS. Th market is beginning to smell the coffee. We have to see what happens after today's option expiration at 10.15 of course
As it seems to be wild prediction season and with respect to your views, I see your prediction - and raise you with mine lol
Lloyds will rise to 70p within the next month, could break 71p and go up to 75/77p if we dont see a real retrace across the markets. Then a flatish summer with some modest gains in August / September with a run to 90p+ by november as HMG starts its sell back to Lloys. with the TSB IPO and Divis starting early 2014 £1 will be hit early 2014. You heard it here first. Remember who told you. Japan will lead the way this summer. GL. A1
The Eurozone is the only major worry here. But, now we are back in profit and will continue to be from now on, I don't see why Lloyds won't do what the majority of other large companies have done over the last year and continue to rise steadily. Take a look at the likes of Barratt Developments, BT, IMI... A steady rise to the levels pre-recession. And why not?
Obviously it's not going to rise everyday, there will be ups and downs but I believe the general trend is going to up, up and up.
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