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John46, cheers, you too.
ATB, Darth...!
Darth,
Chill bud ! Have a good weekend !
History is out of our grasp , let's let it run its course !
Keep well !
TFE, If you are going to keep records regarding subjects /topics posted by who and when the please do a better job than “Gap Watch”, as it does not give the full picture with regards to what type of gaps they are.
I notice you don’t pull up some of the positives that I have posted, such as takeover, mergers opportunities or even for Lloy to be bought out or does this not fit your remit… ?
So what is your opinion with regards to the banking system as a whole, USA, China, or other banking systems such as the situation in Hong Kong whereby the banking system relative to GDP = 850%..?
Surely you being a seasoned investor who only deals with current events and not “ifs and buts.”, would find this of some concern. "contagion"?
Also what do you think of annihilation of rates recently @ NS&I..? do you think this is a precursor or the BoE to introduce negative rates, if not why ..?
DYOR
John46, they may well have a change of direction, i wouldn't rule it out as the new CEO may well see things differently..
New broom'n all that..
as for TFE "(3) if investors are not comfortable with any proposals they will have plenty of time to exit."
what of the LTH's who could not or did not average down...so are you advocating to sell out at a huge loss..?
and then we also have TFE stating "(2) I don't care about it either way "...
So why are you making a big deal of anyone discussing this topic as well as keeping records as to what subject / topic had been posted by who and when? as your per your comment;
" However I believe I'm right in thinking that it was raised by you for the first time this year and presented as another detriment to Lloy."
DYOR
DT, you're right, the topic of consolidation has been mentioned previously on the this bb probably many times in the past. However I believe I'm right in thinking that it was raised by you for the first time this year and presented as another detriment to Lloy.
There is no counter argument from me because (1) at this moment in time it's not going to happen (2) I don't care about it either way and (3) if investors are not comfortable with any proposals they will have plenty of time to exit.
Lloyds being one of the big six are well covered by all media outlets some of which are reported and discussed on here. Like most shares activity/interest on these BB's only increases around the time of results, AGM's, management statements and company announcements, the rest is just hot air and speculation. I would put consolidated into the last category.
Lloy BOD won't countenance such a pointless move , they are more interested in buybacks and staff share allocation , transfer of ownership from shareholders to staff .
Trading lloy is an option , but the alternative (since history repeats itself ) , is to try and catch the trough ! They will pump it up again , and then dump lloy , that's their Modo operandi !
the topic of consolidations had been mentioned previously on the this bb, i only replied to the post.
But since you raised "negatives" i do not read a counter argument from you with regards to consolidation....
all i stated was if it happens then it will be more, considerably more, than 1/10...
DYOR
"i really don't think LTH's holder would want to see a consolidation of any ratio imho...dyor.."
Because it was something I added to the mix of negatives as I couldn't think of anything else.
Crispiano,
"What difference does it make? not being rude just seriously interested. The sum of the parts would be the same right?"
i really don't think LTH's holder would want to see a consolidation of any ratio imho...dyor..
the difference it will make ? can u imagine this share down to 10p or less no nor can i but if they give 1 for 10 it would go down to a £1 or below easely just look at what happened tp rbs and the boi more room for the corupt
What difference does it make? not being rude just seriously interested. The sum of the parts would be the same right?
Onlyif, we also have Nov 3rd, the USof Election....One forecast says trading volumes are likely to spike to as much as eight times their normal levels on Nov. 3. The biggest banks are testing their technology to make sure they can handle it....
lots of volatility ahead i'm afraid, i can see Robin-Hood traders, mom'n'pop getting wiped out....or getting out prior to that date...
DYOR
Project fear,time will tell.i do agree that at the moment it looks bleak
onlyif, Brexit is not oversold, this decline is all about C-19 and the impact on the economy, jobs, etc..
No Deal is not priced in therefore Brexit can not be oversold, should a deal materialise then Lloy may get to 30pennies only to fall back as we, the UK , are now seeing wave 2 C-19 and still have winter to get through.
The new job retention schemes will have little impact come Jan 1st /21.
Should a No Deal be announced then we will see an Unthinkable Low....
DYOR
Darth, Lloyd's is a quality bank,covid, Brexit and sentiment are all against the share price.Brexit is over sold,covid needs us to feed on as we learn to do the basics we can suppress it to allow the economy to recover
onlyif
"its still the same bank as it was before covid and will after despite all the glooom"
yes and maybe that's the problem going forward into a new era...No Deal and the UK / London will become a bigger financial epicentre, more competition as well as smaller banks. EU are ready looking at way to retain, grow the financial sector, probably in Frankfurt ...
DYOR
Hopefully it will get out of penny share bracket under it's own steam ...its still the same bank as it was before covid and will after despite all the glooom
yes, consolidation but the numbers will be different from the ones you suggest.....
DYOR IMHO
With 70 billion shares out there you’d think they’d do a 10-1 share consolidation and make this a £2.50 share and get it out of the penny share bracket