I suggest you have a look at the market cap and number of issued shares. I then suggest you do some basic research on stock markets in general before investing any more money. TSB is not worth more than LLOY.
Regardless of what you think, HMG is not manipulating Lloyd's to kid you out of money. True, the holding they have is overhanging the market which doesn't help the share price but to release it all at once would knock Lloyd's shares for six. So HMG just like you are in the same boat - both want the sp to improve. Lloyd's is down because of the turmoil in the middle east - skeletons are still crawling out of the cupboard - and an age-old phenomenon: sell in May, go away and don't come back till St Ledger day which has worked out for over 80% since the stock market came into existence. That's my story anyway. Have a nice day.
"The pound dropped after Carney appeared to contradict what he said in his Mansion House speech about a rise in interest rates. However, it is still trading around levels last seen in October 2008." - Telegraph on-line.
Some commentators think Carney is giving confusing signals about when interest rates will rise and say “he seems to be doing another u-turn and is now basically driving in circles”. An MP on the TSC said that the MPC are "behaving a bit like an unreliable boyfriend" - who is "one day hot and one day cold".
Some analysts are not impressed by the answers given. Chris Beauchamp, Market Analyst at IG said: “Like so much central banking commentary, the upshot of the BoE session is that it has added much heat but little light.”
...Mark Carney at his Treasury Select Committee Meeting this morning. Nothing particularly earth shattering…
- There are signs that there's more balance in the recovery. It's no longer a recovery fuelled just by consumer spending and house prices as business investment has now picked up.
- "As the economy progresses, the time to normalise interest rates is edging closer."
- A rise in interest rates would be "gradual and the degrees of increases to be limited". The "exact timing" of rate rises "will be driven by the data". He went on to say that a "gradual path of rate rises is more important than the date of the first increase."
- Any expected rise in interest rates are likely to reach levels "historically lower than average".
- Unemployment could fall to 5.5% (currently 6.8).
- B of E's Deputy Governor Charlie Bean says he expects to see pay "edging up" in the second part of this year.
I have been a holder of for the years since the merge of the Halifax. My opinion is it cant stay this low forever I mean how come TSB IPO was £2.60 a share and were stuck sub 75 pence. These are questions that need answering. I do know one thing though just as there's a sniff of a dividend in sight there's some other scandal breaks some other skeleton in the cupboard to deny us our dividend if only for our loyalty with this share I mean everyone talks on here about long term how long though this is the question the economy is recovering so were told but this share continues to drag its heels never seeing to achieve anything unless an interest rise would make it jump I mean it makes sense higher interest rates mean more profit which should be reflected in the price of the shares I am sorry if I am discussing things already dealt with but I am trying to see the wood through the trees
They are really messing with this price to try shake us out. I for one will not be giving these away for peanuts. When they drive it up I will be going with them however long it takes. Hopefully sooner rather than later. fvck HMG for there market manipulation.
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