Please don't get me wrong, I think Lloyd's is one the best companies for pragmatism and service. It's just there is only so much value the business can have. Reducing share numbers will increase the price, but it's within certain boundaries, imo
What time frame do you anticipate reaching 100p+. Don't forget we've been told there's going to be a 'tell Sid ' selloff.The government cannot sell to Financial Institutions at 75p and then expect the public to pay a premium on that price, political naivety or just not cricket
Now that LBG is back on its feet its time for the SP moved up to a 3 figure number, one way would be the cheap & cosmetic reverse split, but IMO the best way must be via strength with a strong and progressive divi & buyback program.
Sold on the hope that it will retrace to 76p-78p as it has done in the past after a short spike, what with the uncertainty of the election as well am hoping I was right, didn't expect it to happen today, but hoped for a more of red change!
the worry I have is the fact the the current market capitalization is nearly £60bn, that's a lot of money. Even if 10% of the shares were bought back, would that really add 10% to the remaining shares price? It's a UK focused bank, it is vulnerable to UK climate.
I am quite prepared for a pullback but I am a long term investor in Lloyds...I have been for a good number of years so why change now.Allowing for a bad election result.....and I am not quite sure what form that would take ,a down turn in the economy ....it has got to come sometime......,a fall off in demand and various other economic issues the the price will not appreciate as much as some of us would like.The main problem with bank shares as I see it is when you have persons running it who put to much emphasis on market share.HBOS were run by people who had know idea about banking and fell into the trap "big time" chasing market share and ending up with a disastrous lending book BJ s comment on my previous posting was rather suggesting that I was "old hat".... All I can say is that in my opinionLLoyds were run as a bank should be run with "customers a cut above the average",and I think Antonio while looking to increase market share he very much has his eye on quality
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