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fleccy
"Just a miniscule fraction over 50p."
There are many current investors who wish they could say the same. With COVID looking as though it can now be manageable it should be safe for a long term hold with that average price as the bank should finally recover now to pre Brexit Referendum and PPI mis-selling levels and more given that a progressive dividend policy is now back on the table and being paid as well. That is assuming no other major crisis appearing out of the blue.
"so you now have an average price of just under 50p?"
Just a miniscule fraction over 50p.
"Had these been placed in an ISA then there would be no CGT. Even now you could start the process to reduce CGT with a Bed & ISA utilising losses against gains."
A third are in ISA's, so I know where you're coming from. The other 2/3 are in my wife's name, and since she has no other income, she has the full tax allowance of £12,570 plus the £2000 dividend allowance before paying any tax. I'm well aware of Bed and ISA, so we'll ensure she stays below the tax limit, but she may get close in the next year, or two.
Yes fleecy you point out that rates were 1.5% from 2009 and dropping to the 0.1% but I think we will not see rates go beyond 2% this for me will all it will take to start stalling the economy.Thus why 70/90p area is what I’m looking for as for reducing my holding but we will see.
Fleccy wrote "Over 80p and I'm looking at a capital gain approaching £100,000, after topping up during covid, but I'm in no hurry to sell. If the yearly dividend get back to 3p+ a share, my Lloyds dividends alone will generate an income of nearly £10,000 a year"
Had these been placed in an ISA then there would be no CGT. Even now you could start the process to reduce CGT with a Bed & ISA utilising losses against gains. Always best to get under the ISA blanket. Dividends received outside of the ISA blanket need to be reported on an annual tax return if it exceeds a certain amount. If your statement above is your only dividend income, though judging by your wording it is not, then you will be below your annual amount but you may still be required to declare. Respectfully suggest you look at getting your shares in to an ISA account whenever possible.
On a final note you may wish to look at generating better returns. If Lloyds is giving you a possible return of under £10k then you could be looking at doubling or more with a reit. I would suggest you look around but for me Lloyds is certainly one to keep in the portfolio. Hope you do not mind my comments and wishing you good fortune with your holdings.
Well see done Fleecy
f
so you now have an average price of just under 50p?
"Yes when I was continuing to decrease my Lloyds holding. Hoping that I will have the opportunity to continue decreasing up to and beyond that level in the current cycle."
Over 80p and I'm looking at a capital gain approaching £100,000, after topping up during covid, but I'm in no hurry to sell. If the yearly dividend get back to 3p+ a share, my Lloyds dividends alone will generate an income of nearly £10,000 a year.
f
'' Lloyds was above 80p in 2015 ''
Yes when I was continuing to decrease my Lloyds holding. Hoping that I will have the opportunity to continue decreasing up to and beyond that level in the current cycle.
"Lloyds banking group only goes back to 2009, during which time we have lived in a low inflation low base rate environment. The base rate starting 2009 at just 1.5% down to the recent nadir of 0.1%."
Irrespective of that, Lloyds was above 80p in 2015 with interest rates around 0.5%. Brexit gave the share price a big hit and it hasn't, as yet, fully recovered from that. Now that Brexit's is all but done, I think we can expect sentiment to push up UK stocks, going forward, barring any other macro shocks.
https://docs.google.com/spreadsheets/d/e/2PACX-1vQ5XnQlPrZhna9v2wqvOpb0X_EogtL5xhlW8dkgtcbi5iCqUDmQB2vdARk89IzYNxkK2e25MckrSC-7/pubchart?oid=1100176233&format=interactive
Me
''Going back over the years the best Lloyds ever do 8bil profit before tax''
Lloyds banking group only goes back to 2009, during which time we have lived in a low inflation low base rate environment. The base rate starting 2009 at just 1.5% down to the recent nadir of 0.1%.
Going back over the years the best Lloyds ever do 8bil profit before tax etc.Just have to see how economy goes strong jobs growth inflation start to pull back covid easying off and how far rates go up.See these trading any where between 70/90p this year but at some point in the cycle banks will self off again but were no were near yet.Banks will for me self off before interest rates finish going up smart money will have already been leaving.I’m over weight lloy Stan barc good luck all
I don't think that 58p per share is expensive with underlying profits running in the 7 to £8 Billion range.
The last Lloyds share buyback came to an end having purchased at an average of a little under 58p
sbt
There will always be profit taking from purchases made at lower levels - they always find willing buyers.
I myself have sold 3 lots on the way up from the low and a 4th most likely at or a bit below the 60p level. These sales only represented a small part of my Lloyds holding - I am likely to be decreasing (up to a point) and possibly increasing my holding for most of the rest of my life.
Longtimeinvestor, I.know your long term in here but if Lloyds sees a rise to say 58p do you not think there will be a lot of profit taking affecting the share?
''housing shares''
I exited BDEV on 11/09/2017 at just over £6 (about a 40% capital return in less than a year)
I still hold BKG but don't really keep an eye on it, having bought at under £24 and selling some in the past at a bit below the current level to give an average on the remaining shares at £3.47.
Hopefully Lloyds can do well from property ownership with their Citra offering.
Good luck with any change of investment.
Longtimeinvestor, Thanks for your kind words.
I see investing.com has this as a strong buy but if the price holds on Monday I may sell out for a small period as housing shares have took a big dive and I think my money would make more there in the short term?
sbt
Hope your family have fully recovered now from Covid 19- still hundreds unfortunately dying from Omicron (majority unvaccinated).
Difference now with Lloyds is that past issues are now in the rear mirror - just hope C19 becomes less of a burden as time goes by, with hopefully just a yearly jab requirement at worst.
Even looking back 5 years on the share, if it holds say 58p for a long time it’s virtually at a pre pandemic level. It did have peaks higher but not for long.
Stockready1
I have answered The Universal Law of Love
which for many do not know how to obtain it
it is a way of living and for one to have Peace & harmony in living
Love & Light
Chips
84p end of year ( Brixton and Divi the cloud Don't worry there's always another boat )
Chips
As I asked before; please reveal to us what you are on?
I want to have the same stuff.
Thanks
Love & Light
SR
Lloyds Banking Group 55p Cheap as Chips
Possible Buy Backs 1 Billion Shares ( Not Mine until we reach £1 )
Possible Special Dividend
Possible Dividend 1.99p
Take advantage of this very cheap stock
Horsey will be moving fast soon
Don't Miss the Boat
Enjoy the ride IMHO DYOR
Love & Light
Chips
64p by Easter