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Hi everyone,
New to this, please could someone give me an honest opinion... do you think now is a good time to buy Lloyd’s shares? I know it had dropped significantly but a friend has told me that once this CV has been cleared up.... Lloyd’s shares will rocket back up, thought I would ask you all as it looks that you have done this before! Many thanks.
Honestly, yes (IMHO)… If you're looking to take a long term position then I wouldn't worry too much about trying to call the bottom of the drop and just take a position at some point over the coming days. I think it's highly unlikely that the SP wont have risen about 60p again at some point later this year, and a c. 25% profit, plus dividend payments, is not bad at all for a 'safe' share like LLOY
Many thanks Kev, I’m going to invest 20k.... a friend has said something similar to you. Thanks for the reply. Have a great day and good luck.
LLOY has collapsed -95% from its peak! There is nothing "safe" about it. LLOY has been one of the worst investments in the entire history of global stockmarkets. Some charts are pointing to 20p here, due to its strong downtrend.
Where they are bulls, they will also be bears. It keep things in the balance tho so all opinions are welcome I guess
Can I be so humble as to suggest you put it in by 4 lots of £5000
That way you might pay a little more commission but you can monitor the sp as you go along
Many thanks for your replies everyone.....I really do appreciate your comments/advice... so I have just got 10k worth now, with a view to get another 10k within the next few days/weeks.... so fingers crossed. Once again.... many thanks. I wish you all the best.
VB this is exactly what I would do - I wouldnt be chucking 10k at this today tho.... oops
Wids,
You're on form today bud ! Keep it up .
James,
Re: Flybe , 8 m customers pa and they can't make a £1 profit pp per flight , incompetent ! BOD must be on a par to CLLNs . They've proved there's a market out there , I trust someone more business savvy fills the void .
Scripp/ DCB ,
Trust you're keeping well !! EOY ! That is some foresight !!
ATB
skier1 - one of the worst investments in the history of stockmarkets?! How many small cap companies do you think have seen 100% of investors' capital wiped out over the years?
I'm well aware that LLOY (or any FTSE company for that matter) is far from a safe investment, hence the inverted commas. But stacking it up against say an AIM share larger multinationals are obviously viewed as lower risk/lower potential reward investments.
FWIW at this price the 7%+ yield and progressive divi policy makes it a hugely compelling retail stock purchase as far as I'm concerned. The advice about buying in traches is very good though and as others have said it provides mitigation against a SP that is currently in a downward trend.
I still believe that 60p plus will be achieved again this year
The nonsense on here does make me chuckle. Any look at a Lloyd's chart or look at fundamentals tells you it's an excellent buy below 50p. I suppose in the minds of some we won't need banks once we've all died of Corona. In the real world there is still a demand for banking in the future.
Victor excellent suggestions
S1
''LLOY has collapsed -95% from its peak!''
Idiotic statement don't you think.
Lloyds bank has never been valued at £900,000,000,000
nearly 45p longtime - maybe I need to revise my purchase price to 40p - who would have thought ?
A market crash - who'd have thought ?
So Mr Smug, bearing in mind all of the companies that they swallowed up, the bailout etc - how much of total shareholder value for all companies in the group has been lost ???????
If it's not 90+ % how much is it Mr Smug ???????
You're still smug have less in your pockets that if you'd have listened and are still fundamentally clueless !!!!!
No doubt you'll take this down too - YOU F GREAT BIG BABY
Next support is at 37.5p March 2012. This is where we are now heading. I personally was hoping it was going to hold at the 47p support but we’ve broken that now. If this goes much lower then I’ll run out of money to keep topping up. Great for those out there that have surplus cash though to keep buying in. Always new I was in for the long hold but this is definitely going to be long long long now.
Nov
''if you'd have listened and are still fundamentally clueless !!!!!''
Obviously losing a lot of money is getting to you.
You advised people to buy Metro when they were 230p, but I didn't listen, and you didn't like it..
Instead I traded using SB's in the 155-170 range, the profits of which have gone into purchasing some 'free' Metro shares.
I'm sure you will get over your loss. Just give it time.
We will need banks boomer, the key point here is we will need good banks and investors will want to see returns on their investments from these good banks. Is Lloyds one of these banks that are Too Big to Fail?
Corvidale ,
LTI told us last week lloy won't see 38p . Who is right ?
that's priceless longtime - I'm nearly all in cash apart from market shorts which I've done ok on.
I have 3.5k of metro, 10k lloyds and 15k RBS. Metro 1500 down LLOYDS and RBS are recent purchases. My short was 500k - do the maths.
How are the dividends, talk me through my lack of market understanding again.
NOV
The BIG problem with you is that you are one of these people who declare that they have
already bought after a stock has gone up and declare that you have already sold after a stock has gone down.
You have absolutely NO credibility.
Boomer was/is nothing to do with Lloyds fundermentals, hasn't been for years. Ignoring world econ fundermentals ain't advisable. Plc fundermentals will now change going into the future.
When bullets fly - you duck. No one gives a chit about fundermentals - wealth & health preservation.
C19 is the pin. If it weren't, something else down the pipeline.
We don't know at this stage whether this will escalate to a black swan event . Should that occur , correction of 50% is to be anticipated , gap @ 28p will get closed .
None, I mange 45million and have a few quid myself.
two start up businesses - one now sold.
You are probably ex lloyds, BT or some other crap company where you used to walk round with a clipboard telling everyone how clever you were
You're out of your depth dividend man - choose your battles when you're P155ed up late at night trolling other BB's
Who wants to be the richest man in the grave yard anyway