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City firm argues Lloyds Bank shares worth at least 50% more
The base case on Barclays
BARC
0.16%
in today’s note is 235p, rising to 350p in an upside scenario. NatWest Group
NWG
0.15%
is rated “equal weight” and 260p, with a bull case of 440p should there be a stronger earnings recovery due to a resilient economy and higher terminal rates.
httPs://www.ii.co.uk/analysis-commentary/city-firm-argues-lloyds-bank-shares-worth-least-50-more-ii530018?utm_source=newsletter&utm_medium=email&utm_campaign=Daily%20Newsletter%2020231128&utm_content=newsletter&utm_source=sfmc&utm_medium=email&utm_campaign=Daily+NewsletterAMP+-+v2&utm_term=%%%3dRedirectTo(%40article5URL)%3d%%%3f%%%3dv(%40UTM)%3d%%&utm_id=126974&sfmc_id=8519015
Please do your own research as always
Nobody can compare high interest rates to what happens now
how much was energy?
how much was petrol then?
how much was food then
high interest rates just prove how greedy banks are - people might finally wake up to the scams we see
come on LLOY
Sadly we'll never know what the labour party would do (if they ever get elected), they make it up on the hoof. However nothing will be off the table.
Pension funds now under attack for investing in oil & gas companies.
Banks will be under pressure to be non profit making given time. Winning will become illegal.
Yeah saw that article in another publication....very interesting...would be helpful to the city in general to know what the Labour Party intend to do ..gl
Current price LYG $2.15 divide by 4 then divide by exchange rate currently 1.267 equals £0.4236p
Hardup
Don't forget the currency exchange rate the £ is up against the dollar
4 ADRs are equivalent to 1 UK share I believe!
So that makes UK the better performer!!
Cable
Lloyds ADR currently up 1.91% on Wall Street, but we only rise 0.8%?
EZJ results taken well by market - bought back in last month after a number of years - dividend restarted.
Lloyds - once again low volume - maintaining tight trading range of the last few weeks.
E77
are you that desperate
Gazz wash your mouth out lol
The writing is on the wall for Lloyds Banking Group Cheap as Chips Fill Da Boots
IMHO DYOR 22p below pre covid price
Love & Light
80p end of year
All over twitter or X ..warren Buffett about to hoover up cheap Lloyds shares …sort of makes sense ..he likes value and financial stock …
Big thing mr Crooke has not mentioned, a flaming Labour gov in the wings!
A fund manager named Crooke.
Sounds about right.
''4. Which sector would you be avoiding?
Housebuilding''
After a number of years,I bought back into BDEV last month at under £4 - has done well again for me so far.
And if you would like to read the article in full (taken from the 'Money' section in The Daily Mail today . . . .
https://www.thisismoney.co.uk/money/investing/article-12795433/Im-fund-manager-Bankers-Investment-Trusts-Alex-Crooke-backs-Microsoft-not-housebuilders.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.263970319.2056838469.1701080838-1752000604.1700735191&_gl=1*xqbcg*_ga*MTc1MjAwMDYwNC4xNzAwNzM1MTkx*_ga_XE0XLFFF16*MTcwMTE3ODU5NS4xMC4xLjE3MDExNzk3MjcuMC4wLjA.
From The Daily Mail. This guy (Alex Crooke) is a Fund Manager and is asked a range of questions. Here is his reply to the one that is relevant to us here:
Question 2 to Alex Crooke - in terms of what he would invest in, if it were for the next twelve months only.....
What about for the next 12 months?
"Lloyds Bank. It's very cheaply valued. It's very unusual for the dividend yield, which is 6 per cent, to be higher than the price to earnings ratio (5x).
I don't see a bad debt issue and I expect pressure on deposit rates to ease next year. If there is any form of lending growth then the share price can rebound strongly". END
TF
A matter of opinion
'1. NIMs falling''
Lloyds at Q3 upped their nim guidance
''2. Housing market exposure''
No Siht (who would have known) - LTV at a very low level - plenty of employment available
''3. Long-term weakness''
Once business has adjusted to higher rates once more, those sme's that rely in part from bank borrowings to grow their businesses should provide underpinning to the forward profitability of Lloyds bank.
Gj
''they need to re balance the spend ratio on buy backs and up the cash div ''
the dividend payments have been increasing whilst the buyback fund has remained the same, An increase in the buyback budget in February would be good.
Lloyds have said that what they consider excess capital, will not be on the balance sheet by the end of 2024
G59
''the US [where inflation is 3.2 per cent]''
''Just don’t carry on whingeing how much your new mortgage is.''
Many people do not have a mortgage.
US 30 year mortgage rates have fallen from 8% to a little under that now
Charles432 - hate to disagree but rates in the UK have often been above 5% sometimes way way above - look 1979 to 1999 often way above 10% agree re Bailey tho'.
Alex Crooke, lead portfolio manager of The Bankers Investment Trust
What about for the next 12 months?
Lloyds Bank
https://shorturl.at/hAEJK