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Cherry Knowle closed in 1998 Oxo.
Input data : 1500 jobs at Lookers 500 at Aston
Analysis : "despite the U.K. getting back to work, it won’t be firing on all cylinders for some time
Output : 25p
My goodness. Rock solid. Mortgage your house and get a short on it. :)
I do sometimes wonder why this thread has such heated debate as to whether we'll be seeing 20p, 30p, 40p or £1.
End of the day, I think all of us here can agree that the long term prospects for Lloyds are good. With PPI out of the way and customer debt being paid off at record levels, Lloyds have a lot to look forward to. We're all on the same page, we're all trying to stock up whilst the sp is clearly undervalued.
Although I'm optimistic that the price will start creeping up over the coming weeks, I very much doubt that anyone in it for the long term who bought in recently will see less than 100% gains on this in 18 months' time. The only thing that could slow this is of course Brexit and the potential for a 2nd wave, but the latter won't be anywhere near as bad as the first now we know how to deal with covid. Quite frankly on the case of Brexit, it is what it is. The market has had plenty of time to come to terms with it. Expect an air of optimism will come with a new year bounce back once the uncertainty of leaving the EU is out of the way.
Relax people. Enjoy the inevitable bounce back whenever it happens and the returns it'll bring.
I read about that the other day.
It's all about CBs liquidity flows - nothing else. Markets flooded with booze in the hope they don't notice the economy. Without an economy you don't have a market, one is sick, the other is drunk - and the world bonkers!
25p entry if it takes your fancy
Keep yourself safe
Just catching up so apologies if already discussed.
I see from the RNS at end of May T.V.R. have gone up by 326 million shares since end of February.
This takes the toal in issue back up to where they were at end of June last year.
Nice to know the employees are sharing the pain with the shareholders
Don't forget that M&S will open their stores at mid of the month.
The sp will have a decent kick....DYOR....IMHO
*FYI, I hold M&S and in profit, hoping to sell @ 150p*
Gut feeling, The sp will be 40p by Sept 2020.,...imho
Once the lockdown is over, life must carry on.
At this time, when the sp is at this level, it's not prudent to be
*Penny wise Pounds fool*.....imho
It is all a gamble agreed and I think that from sub 30p Lloyd’s is a safe one, I’m suggesting a lower share price but not that Lloy won’t recover to be a bargain at these prices when the worst is over. I just don’t think that the worst has filtered through yet.
**Wonder how many more divots predicting another fall in sp tomorrow. Everyday you wake up to these “experts who get it so wrong.****
They are no experts, simply they did miss the boat ....imho
45p in *late 2020 - Early 2021*...dyor
IMO, Crossing the road is a gamble, Everything We do in our life is a gamble
Including the Stock market.
In 2008-2009 I bought a LOT (bl00dy lots ) of barc shares at 60pish.
Few friends told me, that is stupid, you are gambling now.
Those friends were Buying Barclays at £5+ as an investment....lol..
Less than 2 years later , Barclays hit 330p....
Thos Friends who bought at £5 were gambling as well as
Thanks bud ! It looks like the professionals with all the tools at their disposal can't see a way out of this slump . First recorded suicide to my knowledge from this crisis , award winning investor who deep down must have acknowledged , fundamentals , inflation , compound interest couldn't save him from his gambling .
"An award-winning fund manager has been found dead near his £3.5million home after he went missing.
Guy Rushton, 36, who was married, was found in a barn near his house in Cranborne Chase, Wiltshire, hours after being classified as missing on May 22.
Rushton worked at Polar Capital, a London-based asset management firm, and had won industry awards, including fund manager of the year in 2018. "
Good Evening Seismic,
The reason I’m suggesting 25p or below is despite the U.K. getting back to work, it won’t be firing on all cylinders for some time. 1500 jobs today at lookers, 500 jobs Aston are the ones hitting the headlines. You have airline and hospitality that if we open by mid June will be like an engine firing on half a bank of cylinders at best.
It isn’t about Lloyd’s being a dog but all the lay offs, business closures and slim lining of shops and chain restaurants that will impact it. If I’m wrong and the black beauty races off to 40p I’ll just have to buy then but still think this rally will run out of steam before that happens.
Wonder how many more divots predicting another fall in sp tomorrow. Everyday you wake up to these “experts who get it so wrong.
All I’d say is there is some major unknowns going on with the Stock Markets at the minute, look at the 52wks lows v highs compared to the majority of them now
2,191.86-3,393.52 - Currently 3,097, hit 3,129 today
18,213.65-29,568.57 - Currently 26, 154
6,771.91-9,741.97 (52wk high reached today)
The U.K. FTSE’s have been lagging behind but expect / hope the acceleration pedal is kept down :-)
Expect an interesting week or two in my opinion
..for second stock market plunge
Managers say asset prices have become too detached from bleak fundamentals.
"***It's not investing any longer , it's gambling .****"
You know the difference?
The data points show the UK bottom out in May now the are showing signs of improvement in growth this crisis didn't start out as a financial crisis. The UKs financial system was in much better shape before the crisis along with an aggressive policy response central banks and government spending plus the situation will somewhat be in control faster than what the market is thinking about right now
Lloyds is a buy
Every Man and his dog is switching back into financials now
This sector that's still needs to give back 50 to 100% in gains to get back to January prices alone
***It's not investing any longer , it's gambling .****
There's no way out of the debt crisis for Italy and the Euro, printing money will only make things worse. Only a matter of time before their economy implodes, sending shock waves through Global financial markets and Europe's already weakened banking system.
Many cracked crystal balls have been polished, They are predicting
20p , 25p, 27p and 31p.....lol
FYI, today the sp has touched 34p and the big boys are accumulating.
Hopefully 35p by tomorrow and 45p by *late 2020 early 2021*.
GS target of 34p means they'll offload tomorrow , can't believe they get to manipulate Global indeces. It's not investing any longer , it's gambling .
I think it impossible to comment on the short term prospects of this share however, long term say one year,I cannot imagine why it will not be in high 90s My reasoning is, it has a load of loans issued which are underwritten by HMG the public have paid back 9.6billion pounds off of personel debt last month alone, and if no takeover is forthcoming then they cannot do anything but a special divi in January 2021. I for one have a large holding,which I am gradually increasing, and within the next 36 months will I am sure be very pleased After all isnt long term hold always the best policy As to why the price has languished for so long well I do not think that the credit card business was a good buy, there is exposure to bonds from places such as italy, and the range is to tight for day traders. I would be interested to know the number of individual sharholders now as opposed to last year, quite a lot less I suspect which me means the clever boys are stakebuilding
The Norwegian Gov
Sovereign Wealth Fund
They hold over 3%
.. sees big 2020 recession, partial rebound next year.
The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related restrictions weigh on output for an extended period.
In what ECB President Christine Lagarde described as a baseline scenario, the ECB sees the bloc’s economy shrinking by 8.7 percent this year after much of Europe was shut down for over two months this spring to halt the coronavirus outbreak.
It then sees the economy expanding by 5.2% in 2021 and 3.3% in 2022, although Lagarde said risks to the baseline scenario were tilted to the downside. The ECB will publish forecasts under two further scenarios later on Thursday, Lagarde said.
She said the extent of the contraction and the recovery would depend on “the duration and the effectiveness of the containment measures, the success of policies to mitigate the adverse impact on incomes and employment, and the extent to which supply capacity and domestic demand are permanently affected”.
read more; https://www.reuters.com/article/us-ecb-policy-projections-idUSKBN23B21Y?taid=5ed93a2a4b7b850001144210&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter