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For those who haven't seen this from FT today
https://www.ft.com/content/c8beb263-46ce-4cb2-a6c6-5f11996a60f5
people like citi bank group analysts consider Lloyds as one their most favourite (their TOP PICK ) in UK banking market and THEY ARE so egare to invest in Lloyds
This can only fly up wards and of course never in stright lines ...but will get there.
Always do your own research ... soon you learn that is the only way you can save and protect your assets and not base it on what peoples posts here.... they are only views and sadly some people posts are on the back of absolutely poor knowledge , and no proper research,
IMHO
GLA
DYOR
May i offer a bit of fantasy to this thread. A brand new fintech to list called Revolutesla Bank. Lots of profits, lots of customers. Would the P/E ratio be a 2 or 3 figure percentage? Just a wild thought. Dyor.
PSK . I would think thousands out there with variable rates , also new mortgages are starting all the time , also bank loans getting taken out , when rates go up the lot goes up other than fixed rates , but they have been doctored to not be cheap as chips
PSK
Thanks mate
But I still not follow you... truly a bit confusing as well
You said.....
Stockready
I have watched lloyds since 2020 and it has habit of underperforming against its peers. The results today are as expected as always nothing exciting just results
..........
Now I ask you this
We have been through (and still going through) the pandemic which the same like not seen for 300 years (yea you heard correctly 300 years , and forget about Spanish flue) and Lloyds made over 1.6 billion pounds of pure profits AFTER tax under such a challenging climate and you telling me this is not exiting ?!! Really ?!
It is actually very exciting if you understand the challanges and how this achieved which shows a very strong and solid fundamentals which I think you continue to no fully understand and how under the new budget Lloyds is positioned better than ANY OTHER UK banks to benefit and benefit massively actually with interest rate hike in the pipe line ....not just one hike but actually at least 3/4 experts predicting MEANS massive profits and income and diversity to new markets for Lloyds
You truly don't understand the basics here ... I am sorry to say that but your posts only gives me this message...
You will make loads of money here
IMHO
DYOR
Very good point psk
MrjimV
Interest rates may rise but how many people do you know that have a mortgage that is tracking the base rate? Most home owners would have locked in a 5 year minimum deal
Sorry, just realised the FT diect link may not work without a subscription. Searching something like base rate rise uk on google and accessing that way may work
Worth a read if you've not already seen:
https://www.theguardian.com/money/2021/oct/28/homeowners-face-biggest-hike-in-mortgage-costs-since-2008
https://www.ft.com/content/b7495f49-bc6d-44be-af9c-35a9c982bb9d
https://www.telegraph.co.uk/personal-banking/mortgages/barclays-hsbc-natwest-tsb-raise-mortgage-rates-just-hours-budget/
Lloyds will move soon , Brokers are advising mortgage payers to pay over payment now as rates are about to go up , 3 banks have already put up mortgage rates since the budget , next Thursday i think base rate up , then either Dec or Jan another increase , Lloyds being the biggest mortgage provider will do very well from the rates increase , we can all chat about low 40`s mid 40`s but we will soon will be talking high 50`s .
Lucky what I'm saying is there a lot more chance of a big down trend coming and long lasting than I've previously thought due to world events,I'd like to be out and holding cash before this happens but timing is the thing and I'm very nervous of not getting out at my bail out target of 60+ wish it was so easy have a peacful night dyor.
good luck with that . Not sure why you want to invest in LLoy surely there are better options for you out there.
Stockready
I have watched lloyds since 2020 and it has habit of underperforming against its peers. The results today are as expected as always nothing exciting just results. The board are so predictable, I'm sure I will get a 44p buy in the next 2 months
so hollybean what you are saying is that share price can go up & they can go down ! Very enlightening ! I will sleep on that !
Stock ready I do enjoy and find your posts uplifting,giving hope to doubters is not a bad thing,but all the good things that are coming over time must be met by some resistances for sure ,there will be down pressures at some time from some things,that's why at this time I'm more cautious than I've been for last5 yrs pre covid and won't add over 40p the world I would say at present is a troubled place all under downward pressures of one kind or another so Its made me nervous and could bail out at slightest hitch,but like you I'd love to see 60+before this happens enjoy your evening best wishes,dyor.
PSK
NOT SURE if I follow you....
Not buying Lloyds above 45p ...!!! You has several chances to buy it at 45p just recently... so why suddenly you think anything changed for worse? Because of good results ? ! Or you think you have missed the boat and want the lower entry?
To be honest that is fair enough if you get 45p and I hope you do that doesn't bother me as a long termer... but why do you want to be in at all if after such a amazing results you think this share will go down to 45p!!!
So your logic as investor doesn't make any sense to me ..
I wish you good luck and every chance to achieve your 45p entry. But I really suggest to invest more time to understand fundamentals here as I am not sure you grasp that fully....
GL
IMHO
DYOR
67
''governments can endure debt forever''
We have had debt since the time of William III - I am positive that there will still be continued national debt in the lifetimes of anyone who is capable of reading this and beyond.
Not sure why people talk about the debts ..?!...
Debts are actually good if you are using it to stimulating economy, generating jobs and protecting business, that is exactly what Rishi's done.
Debts are bad if you are not generating jobs and economy doing bad ... we know economy is doing better than expected ...
Lloyds results needs to be digested by the market and the only direction longer terms is going ups and ups and ups
I don't daily watch this share....if you are a long termer you have nothing to worry about ....BUT you are shorting this or going long then of course you need to monitor on daily basis..
Lloyds fundamentals are excellent and very strong Lloyds is among FEW banks which will benefits heavily from interest rate rise and i think we all know there will be several rises to come between now and the next 12 months.... starting from November
To me Lloyds is among one of the best UK banks to invest in and I am going no where for now and for the next 12 months.....as this isnheading towards my targets of 75p
I still think we will achieve near 60p this year...
GLA
IMHO
DYOR
LTI
Yes thats a fact but it was also sixty five years ago. UK Public Sector Borrowing continues to march upwards. Maybe you're right, governments can endure debt forever, as they don't grow old like people do. But UK GDP looks like it's permanently knocked back by COVID and may reduce further in the short term? And the cheap costs of servicing that debt now might well get higher in the future.
45p puts Lloyds market cap at about £32 Billion, making the prospective forward p/e ratio at a low level
My opinion so don't go all crazy people!!
I will not buy NWG over £2
I will not buy Barcs over 1.75
I will not buy lloyds over 45p
If I miss out then so be it but these are my targets for buying
67
''I just cant see how else it is possible to sustain the UK debt or to repay it''
There will always be debt.
Debt to GDP after world war two was at about 250%
Cardinal
"but doubt there will be a wealth tax"
It may not come next year or until the next election but I have long suspected the pandemic borrowing costs can only be met by a wealth tax, maybe a pensions raid. Where else is there anything like enough to take from, that hasn't already been taken? We owe at least 85% of GDP now and there is no possible way that will stop increasing in the next few years without a seriously redistributive policy of moving wealth away from richer people to reduce the states burden. My guess is assuming the next Government is Tory, they will sell it as a "responsibility to future generations" (while simultaneously spinning lies about reducing UK CO2 output).
I just cant see how else it is possible to sustain the UK debt or to repay it. We hardly achieved anything under austerity - other than a few tax cuts.
I might be way out but what else could fix the mess other than a wealth tax?
Some people on here say Lloyd's are under valued, ok then at what price do you think they will be over valued, the market say today's value is 49p with 71b shares each penny added will increase the resistance, unless there is unlimited funds available for people to keep adding and holding,I don't think this is the case I think it's mostly traders looking for quick profits ,can't see the big money coming on here now until the last minute next year,so it's a rollercoaster in my eyes short boughts of up and downs with weeks in the doldrums, enjoy your evening and if your traveling bon voyage,dyor.
not sure what you want but it sounds like your b/e price is not as low as mine . Vey happy with Lloy performance in last 12 months myself .
Skier.
I agree about the increasing tax burden. Someone has to pay for the vast sums paid out in the last 18 months but doubt there will be a wealth tax. My bet is Sunak will have a plan to make us all feel richer just before the next election. Meanwhile Lloyds is a good ‘hold’.