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To be fair, Lloyds are right to be cautious about 2022.
Next year is going to see a stunning and unprecedented surge in UK state taxes and state overreach. More income tax, more NI tax, more council tax, more dividend tax, more bank tax, more corporate tax, the highest tax burden in peacetime history, more bloated state, more surveillance state. Families and workers are going to see thousands and thousands of pounds whipped from their pockets overnight by the red Tories. Inflation is spiraling at 5-30%. UK real GDP growth looks set to crash to -1% by 2023.
The Lloyds board are right to have a cautious outlook. Poorer times are ahead.
If the management look after the business, the share price will look after itself and the shareholders, no problem. Time to remove the chip from your shoulder (and perhaps the bug from your ar5e?).
Your ego allows you to make these predictions that will make you look a complete nutter in Feb March.
Also where in the statement does is say we will reward shareholders.
Please paste the part it will look after shareholders.
BLB - I'm sure the people who don't believe they are going to get benefit from holding the share at this price will have sold it ..... presumably like yourself? Wonder what price you sold at?
I would never have imagined that some would be so "Forthright" in their non share related views or postings, why they would use this place to cast political aspersions I have no idea. Having held bank shares including LLOY for approaching 9 years (in first at about 200 unfortunately, though now well in the black) the infrequent nature of my posts on this site is to me unimportant.
Back to LLOY.
I actually see BARC as having a greater potential uplift (though higher risk also) due to their business banking side (Lots of mergers and acquisition business) with NWG as the mid choice. LLOY is a "slow and steady" holding.
blb
'' your own crazy predictions even predicting a buy back in March''
Yes, I am expecing a buyback in March - come February though the BOD may has reason not to have one - share price may not be at a level they think good value.
blb
"This is officially a JUNK SHARE and junk company as far as shareholders are concerned".
As I said before, Im in a much better position than the start of the year. I didn't sell at 50p plus this AM and intend to for years. And tbh I wouldn't be persuaded by a strong announcement from someone like yourself with a history of four posts.
In my earlier post I described my holding at £400 per point - it isn't a SB its a 40k share holding that I built up over three years, hence me averaging down all through this year. Apologies if I used the wrong language, I wouldn't ever try and make money by buying and selling short term.
blb
You are acting as if you do not realise we have just had a Q3 update, it was not full year profits with associated distribution announcements.
LTI,
You talk more crap and believe your own crazy predictions even predicting a buy back in March
lol nutter
blb
''WHERE IS THE COMMITTMENT TO SHAREHOLDERS''
The BOD are committed to running a profitable business - profits mean distributions to shareholders
LUCKY,
You are the type of cheers easy that Lloyds bank love.
Cheers easy give us you money we will give you er maybe something possibly nothing could be a maybe divi.
Read between the lines, this statement gives no certainty to confidence to investors
blb
''WHATS THE POINT OF BEING A HOLDER ''
Goodbye
IF ITS SO GOOD WHERE IS THE COMMITTMENT TO SHAREHOLDERS.
blb
I am very happy with my 'low reward' from my purchase at below 24p - hasn't been many better rewards elsewhere.
advice
blb
''shareholders need to get a check on reality.''
The reality is that Lloyds is coming through the pandemic is good shape.
The reality is that Lloyds holds a vast amount of excess capital.
The reality is that shareholders will be rewarded with a final dividend, a possible 'special' and most likely a share buyback.
''HIGH RISK LOW REWARD JUNK SHARE DONT BUY''
Your advise is worthless
Theo, which broker do you use?
BlindLeadBlind
Well if you are a share holder, which I doubt, sell up and move on. Simples!
BlindLeadBlind - Here you go...Anger Management Courses for you to look at!!
https://www.google.com/aclk?/shop/anger-aggression-management-practitioner-course
They do say if a billion monkeys had a keyboards & randomly type one would come up with the complete works of shakesphere do you think this is what happened with BLB ?
Looking good for finishing up today so a step in the right direction. Good results from Natwest tomorrow will strengthen sentiment and the investment case for the banking sector in general, and possibly give another little lift to Lloyds SP tomorrow? I am still cautious about the BOE MPC meeting next week. Everyone seems to think it is a foregone conclusion that there will be an increase in base rate. I think it will be a very close vote and could go either way, the Doves on the MPC seem to be making a lot of noise for no change and may convince others at the 11th hour.
What a joke, you nutters who keep believing the board are going to look after the shareholders need to get a check on reality.
TIME AFTER TIME, RESULTS AFTER RESULTS THEY INSULT THE SHAREHOLDERS and you complete and utter nutters are in denial, already seeing you are looking for the the next date and the next date. IT WILL BE THE SAME CRAP. WAKE UP
This board and this weak shareholder statement is simply pathetic, its not being cautious its utterly disgraceful.
This is officially a JUNK SHARE and junk company as far as shareholders are concerned.
Crap divi crap forecast despite great results.
THE SHAREHOLDERS DESERVE BETTER ESCPECIALLY THOSE PRE PANDEMIC WHO ARE STILL 35 TO 40% down.
GOOD RESULTS MEAN NOTHING. IF WE DONT GET A SHARE WHATS THE POINT OF BEING A HOLDER IF YOU GET JACK CRAP.?
HIGH RISK LOW REWARD JUNK SHARE DONT BUY
jot
''it's a long term hold for me''
really?
for someone with a lot to say it is hard to imagine that this is your first time on the Lloyds board if you were a shareholder.
Tread carefully
Though the meteoric rises of the last year may be behind us, I think that it will continue up, those in at much lower prices will take profits and new long termers come in. As long as interest rates don't fly up too much, (with the potential for mortgage arrears/repossessions/house price reduction for their rental business) it's a long term hold for me. I try not to study intra day too much as it's a bit of a false narrative I find.
yes, 50p is a firewall at present and we have tested it [unsuccessfully] once before, just a few months ago. But this is different. The bank is in FAR better shape now with very nice dividends to be announced in three months time. That, set against an inflationary backdrop, bodes very well for Lloyds. I am 100% certain that the 50p resistance barrier, this time, will be broken. May not be today but it will be this year and I don't think that 49p will be revisited. I have been here for longer than I ever imagined (10+ years!) but, FINALLY, I am sure that we are on our way to 60p. ATB