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Difficult to imagine a worse share to be in than Lloyds currently. Along with BT and Centrica it’s right up there as one of the markets biggest dogs.
Interesting to see brokers recommending it as a buy - but there’s a catch there-
Brokers Issue buy recs on shares institutional investors want to dump onto small retail investors. Ever wondered why there’s a correlation between the most popular retail shares and the worst performing ones?
Centrica being a case in point. Probably the most widely held share among individual investors and the biggest dog of the lot - currently 5 buy recs from brokers representing institutional investors wanting to offload their garbage on individuals.
Barclays is by far the bank to trade. It has a more diversified business model than Lloyds and has always benefited from more autonomy from meddling politicians.
I have a small holding in Lloyds; but you only need a small holding in this dog to incur big losses. I can’t it it recovering with the market and I wouldn’t advise anyone to buy into it.
As a rule - avoid shares popular with individuals and you’ll avoid losses.
Toff
Hi toff
totally agree with you Lloyds is a dog of a share been here for about 6years lost over half of my investment will probably take 10 years just to get my money back no dividends to top up my investment all ways some thing with Lloyds government owned then PPI then brexit now Covid the next thing could be brexit again low interest rates there will always be some thing only one word crap share
It is, sadly as you say. The one thing I'm keeping my eye on is the shareholder dividend/buyback/PPI capital that the company has not used and belongs to the shareholders. I estimate, allowing for Lloyds stating that 90% of remaining PPI claims were bogus that there is around £3 Billion in the pot, ignoring the 2020 financial year. That equates to around 4.25p dividend per share. Now let's see what actually comes back to us.
Richard , I was thinking the divi next year could be around 5p to 6p , just IMO
With interest rates at 0.1% how could Lloyds pay a divi 5p to 6p
pay back some of the money from this years divi , also from ppi whats over , also next years divi
I would not rule out the banks needing Gov assistance next year...
There is also the possibility of a buyer coming in for Lloy, The Square mile is headed to Frankfurt ....
i agree Barc is a great trade, day, swing....,long term maybe.
A technical green light suggests Big Tech could retake market leadership, trader says;
https://www.cnbc.com/2020/05/28/tech-stocks-how-this-market-group-heads-higher.html?__source=twitter%7Cmain
mrJimV, over 3p per share is what Lloyds have already held back from 2018 and 2019. Plus what isn't used for PPI. They know the shareholders will be watching very closely and if the capital is there and they don't pay it out then the shareholders revolt over Director rewards will get even bigger.
I am leaning more and more to toffs view on this. I've held lloyds on and off for years and barring the odd freak move it has never really been a good buy.
I am tempted at 28/29p and will probably buy some at those levels.
However, I have become bearish on the market in general today. I've had a look across the broad markets and was a little shocked to see the dow is only 7% below its historic highs.
This worries me as whilst not a financial wizard that seems rediculous for a once in a life time event that had people predicting a great depression less than a month ago.
I'm not out of all stocks, but have moved back into 3/4's cash.
The last month has been great for cutting my losses, but time to reflect as the next quarter gdp figures may remind some that the world economy is not a never ending gravy train.
Poin
.‘ If you own it at a higher place than it is here consider bringing your cost av down by getting some while it is low’
Why on earth would I want to pour more money into one of the markets biggest dogs?
Is it any wonder that most retail investors get slaughtered.
Let’s start with the assumption that I have limited funds
And Lloyds is one of the top 5 worst performing shares in the ftse.
I already have money tied up in this dog
Why tie more up when there are 95 better opportunities in tthe ftse 100
Take into account that you buy into a company because you expect it to rise. Buying deep into a dog not only ties your capital up - it erodes it away
And worse - it cancels money that could be used to buy into shares that rise with the market.
What you’re recommending is to average down into a losing position -
That’s how you compound losses. Every trading book worth its salt warns against that folly. These boards are overflowing with mugs who averaged down into dogs such as Centrica and BT time and again.
And instead of making money when the market rises they are sitting on the sidelines watching everyone else win - while they lose.
Anyone reading these boards should be beware of the power of supposition. Especially when novices validate erroneous opinions and quote hindsight trades where they supposedly doubled their money.
Toff
Marcus
've had a look across the broad markets and was a little shocked to see the dow is only 7% below its historic highs.‘
Absolutely. This is an algo rally. The lard arses have programmed their algos to BUY BUY BUY and in doing so have fabricated a rally.
It takes no account of the 45 million lard arses on welfare benefits or the crash in companies earnings.
Fundamentals don’t come into it, the Dow is in bitcoin territory- with no regard to reality.
Easy to see how obtuse Americans have caused so many market crashes over the decades.
Dow up 5000 points since March 25. And the algos look set to drive it up to 26,000 today
The quickest the Dow ever rose 1000 points before the virus and algo rallies came along was one month. The Dow can do that in two days now.
Toff
The Fed bail out of Wall Street put more Chips on the table - the economy doesn't come into it - until it does.
https://youtu.be/cKUaqFzZLxU
I have averaged down before but it was a desperation play. Toffs assertion is correct if you have capital do you really want to load up on more of the same share?
Eggs in one basket etc.
I have a strange draw to lloyds considering how poorly it has performed, but I think that is the gambler rather than the investor in me. If I keeping betting on the same thing it must come up tumps soon (surely???).
I have a limited amount of capital and whilst I can still see a long-term value in lloyds the strength of the market to recover so much in such a short time span just worries me.
Who will take the loans, the mortgages when people are out of work?
Given 4 years sure there is a case to be made, but could you do better waiting and what will hold stronger in the short term than banks?
One advantage to been a PLC compared to A building Society
Banks can borrower and lend to the money markets and in a low interest rate environment that's a massive advantage compared to relying on customer making deposits like Building Societies desperately need.
Shrimper, when the Chinnock drops bags of free money down your chimney, there'll be no need for bank loans - courtesy of HMG MMT
Christmas once a month!
Digital banks vs high-street players
https://sifted.eu/articles/digital-banks-vs-high-street/
I couldn’t disagree more with you guys. I bought £100k at 29p and I’m enjoying Lloyd’s immensely. Timing is everything. If your in too high then hold or sell. Simples! Don’t bitter, tomorrow always brings a new opportunity. X
Levis
So true.
LEVIS, don't know what you've been up to but I've been having some real fun ... make hay while the sun shines.