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Gjohndirect73......"By the way, using your figures on the 3rd April, if you times your average price by the number of shares you will find there is a difference of £112,704, but whats "£112,704 amongst friends?"
You need to go back to school for some maths revision.
Multiply average share price 49.0131p by number of shares 585,787,678 gives £287,112,700.405818, which is a difference of £4.514182. But whats £4.514182 between friends? FECK ALL!
But my average figure 49.0131 is rounded up to 4 decimal figures by my spreadsheet......the actual raw figure is 49.013100770617438627652389779356. If you multiply that by the number of shares 585,787,678 you get £287,112,704.92 which is the figure in my update.
Run along now and don't waste my time any more.
Respect P Power
Your ramping ability here is my wet dream.
Even the naysayers aren't ruling out seeing £1 SP at some stage
https://www.fool.co.uk/2024/04/04/which-will-reach-1-first-the-vodafone-or-lloyds-share-price/
"using most common valuation metrics, it still appears undervalued."
"Its price-to-book (PTB) ratio is 0.82, which means its market cap is less than the value of all its assets less liabilities. And as the chart below shows, it was much higher before the pandemic. Based on its 31 December 2023 balance sheet, a PTB ratio of one suggests the bank’s shares should be worth 44% more."
They say £1 might be a stretch, but as demonstrated vs US banking peer P/E ration comparisons a SP in excess of £1 would not fall outside of the sector 'fair valuation' metrics.
One thing they are all agreed upon is that this is VERY UNDERVALUED at present.
GLA
Sorry mate but who gives a fig about a statistic error , just sit back & enjoy the ride .
The FTSE 100 (^FTSE) and European stocks were slightly higher on Thursday morning as comments by Federal Reserve chair Jerome Powell failed to alter Wall Street’s mood regarding interest rates
https://uk.finance.yahoo.com/news/ftse-100-live-eu-stocks-ecb-wall-st-080450885.html
STP
What is shocking is their lack of a good bass-baritone and Tenor.
Hardup & LTR
Tradings days - I do not see the relevance of quoting this.
You do not even give any indication that it could be distorted
and make no attempt to qualify it in quoted figures.
Total purchased todate is based on TRADES, as does everything
else following.
We all know how to calculate trading days as its:-
the number of trading days times the number of weeks times
5 minus bank hols (when S/E is closed) Its basic elementary.
I say on the 22nd March there were no share buybacks recorded.
None trading days is likely to increase but not factual at the moment.
Trading days quoted is false and misleading and is contrary to
FCA rules.
Phantom LTR wants to know the meaning of the word Phantom in relation
to my comment on trading days. Simple, its ghostlike,non existent.
It would be far better to quote the number of trades which support RNS figures
and help me with the correct average figures I indulge in from time to time.
No doubt you will both come back with your views and explain your relevance
without quoting ALgo again to me.
By the way, using your figures on the 3rd April, if you times your average price
by the number of shares you will find there is a difference of £112,704, but whats
£112,704 amongst friends? Not your fault because you only go to 2 decimal places.
Look forward to your replies on the benefits of trading days quoted as opposed to actual
trades.
Of the Top 10 US based peer banks all are presently valued with P/E ratios between a P/E of 12.5 to a P/E of 18 with the mid point P/E of 15.25.
Lloyds is presently trading with a P/E of 7 allowing plenty of room for the share price to put on some significant weight before it could be considered to be priced 'fairly' vs its US based counterparts.
The UK banking sector is long overdue what could be a major correction to the upside and should Lloyds SP continue the upwards momentum that has recently been seen to move toward a P/E ratio of even the low to mid priced US counterparts the shares would then be trading around 110p+
How you getting on with the short Falky, is it still open?
110p SP Target merely brings the SP in line with the average P/E ratio of the Top 10 US banking peers
Very undervalued here at present with some shorts still to close and buybacks fueling the SP rise over the months ahead.
Once all the Institutions have filled their belly's worth with the cheap SP entry on offer at present watch the outperform & upgrade ratings start to land over the coming weeks and months ahead.
GLA
Perhaps Dobbin may hit 54 today but that may be a bit too much of a rush?
All is possible to those who truly believe, my own destination is above 86p,then and only then will I leave the black horse,after reaching treasure island, have a great day.
As well as raised to outperform at KBW they stated first target is 60p as the bank is generating a lot of cash and car financing claims are way overdone,,, looking good for Lloyds bank group now I must say 😉
WELCOME
53.54p live
Sorry correction looks like we are going to bypass 53 today my mistake.
Oh dear lets hope Fakey closed his short otherwise he owes about £1800 now
Wow what a start to the day the other good news is that will keep the loons at bay on here NWG now almost back to a 52 wk high as well. smashed 52 yesterday & looks like we will smash 53 by the end of the day , just smashed it . Do you think all the pussies have sold now ? PS the Scot loon fraternity cant even abuse us now as we can get them nicked !
Lloyds raised to outperform at KBW, stating sell off due to motor finance overdone. Bloomberg.
There you go,
A new 52Wk High hit straight out the gate.
Yet Another bullish technical indicator recorded.
Every SP breakout indicator being hit now day after day.
Sector bouncing.
Can just continue to set new 52WK highs day after day after day after day from here on in.
Morgan Stanley just warming up the buybacks button :-))
Let the trend be your friend.
GLA.
Keep the faith fellow Black Beauty investors
We have lost many battles over the years, but we will win the war in the end folks :-)
We are all Marching together to our chosen land ( share price )
The Conservative Party, the governing party of the United Kingdom led by Prime Minister Rishi Sunak, is said to be on track for a poorer result during the general elections than when the Tories lost to Labour's longest-serving prime minister, Tony Blair, in 1997, the latest poll by the YouGov showed on Wednesday.
Labour Party and Opposition leader Keir Starmer is projected to secure over 400 seats in the House of Commons, whereas Sunak is expected to attain fewer seats than the total of 165 seats obtained by former Tory Prime Minister John Major in 1997. The election could "sweep away" several major Conservative figures, including Chancellor of the Exchequer Jeremy Hunt, the agency highlighted.
The poll results were derived from data analyzed by YouGov, which surveyed 18,761 British adults interviewed between March 7 and March 27. According to the model, Starmer is expected to win 403 seats nationwide, while the incumbent prime minister could secure just 155 seats.
Baha Breaking News (BBN) / AB
What exactly is shocking?
"Some easy listening"
Absolutely shocking! When you think STP could not go any lower he stoops to new lows on an almost daily basis!
Car
Your frustration with the rise of the valuation of Lloyds is becoming increasingly palpable.
Let's make one thing clear. Lloyds Bank is not responsible for the large increase in population since the second world war, which has come about entirely by immigration into the UK, in fact mostly into England. Multiculturalism does not and will not work . The new demographics mean that England is completely unrecognisable from that of 1950 . The genie is out of the bottle. Expect a political party to be formed in the future based on religion.
Yep, very accurately sums up 'imaright' (spot the irony) and his underwater short crew they stupidly opened at 41p.
Quite funny when he pops in to just embarrass himself further :-)))
Hilarious in fact. Not very bright are these shorters eh?
Instead of quietly closing out and going long, they are basically just advertising how much they are losing by swimming against the incoming tidal wave.
With each post they advertise to all holders the severe torture they are undergoing each day (and night) now they are trapped naked and afraid on the short side. :-))))
haha.
Now begging for the market to help him close.
BEGGING!!!!!!!! :-)))))
As if.
Must be badly hurting as the desperation is palpable :-)))
Oh well... I guess there is going to be ALOT more pain for this particular stooge as the SP continues to trend upwards :-)))
Looking forward to the short squeeze even more now!!!
GLALTH.