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This is the last call this financial year :)
The news is out Lloyds Banking Group Shares are Cheap as Chips
Just under 54p Yes discount of 10p from April 2020
Fill Da Boots
TBH I would of preferred a slower rise approaching ex dividend date ,buy Hey Ho One cannot complain with the much needed rise :)
Gold is going same direction as Lloyds $3000 is on the cards
Buy Buy Buy
I am holding Lloyds Banking Group with Target of 80p :)
Love & Light
Chips
80p end of year
LLOY > Just at the start of a wave 3 move, technical confirmation both received and underpinned by the fundamental analysis revealing the present discount to book value.
Looking good for a strong re-rate in SP.
Not surprised to see the investment analyst upgrade earlier.
GLA
Wave 3: In Elliott Wave Theory,
Wave three is usually the largest and most powerful wave in a rising trend that moves through 5 waves.
Although some research suggests that in commodity markets, wave five is the largest move that fully completes the re-rate.
As wave three starts, the news is probably still a little bearish, (as was the situation with RR at the beginning of its rise) and some market players remain negative; but by wave three’s midpoint, “the crowd” will join the new bullish trend.
When we reach the midpoint of wave 3 the news is now turning positive and closer inspection of the underlying fundamental analysts start to aggressively raise price estimates.
Prices then rise quickly, and any dips are short-lived and shallow. Anyone looking to “get in on a pullback” will likely miss the boat.
Buying at the start of a wave 3 move once the technical confirmation has been received tends to deliver 'outsized gains' vs those initial moves up from the support levels seen in the first wave.
GLA
Gjohndirect73
You're just being a d_i_c_k_h_e_a_d now! There is no discrepancy of £100,000 and I have proved it.
Quoting trading days is correct. Every day is a trading day even when no shares are bought. And I am not giving figures for average shares so it puzzles me what your malfunction is regarding this?
Were is this waves top captain 😁
Hi guys
Some of you know I have been here for long and heavily invested here at different levels,
Always trusted this will return profit and it has been at bargain price for so long. My average now is 42p and I always said i wouldn't even consider to be out till 80p comes which I truly believe is absolutely reasonable and where is this share deserve to be, considering the current portfolio, fundamentals and general marker sentiment for banking. Lloyds will make a big come back and I truly believe the accesslation beyond 60p will be faster than people think.
I think might do a small pull back at 55p but will pick up again to go towards 60p, not in stright line of course.
Those who wait will be rewarded while collecting excellent divi, no where better to go to be honest.
Enjoy and keep controlling those figures if you are a long term investor, this is not for short term investors and weak hearted.
GLA
IMHO
DYOR
1x£25
1x£50
= £75
Gjohn
Get a life.
Hardup
Sorry to see I have gotten under your skin again.
I take it all I have written is factual and correct as you havent
denied my comments and failing to respond. Quoting trading
days is irrelevant. Excellent.
With regard to your other figures - you are half right and there
is an excess of over £100,000 there. But this doesnt interest me
it was simply another fact spotted.
Its unusual for me to submit so many messages on one subject
but if you have been taught a lesson - great.
Everyone now has to be aware that when you quote "trading days"
we can all be aware and have a laugh at your expense.
Enjoy the rest of your day, and never try and argue a point which
was lost before you ever started.
As the saying goes, 'you cannot put an old head on young shoulders'
bye
edit at end of my last post, building/ growing the wider economy.
ps. articles in the fool website should be treated with a pinch of salt, i mean ****nic… most are utter tosh…
The car “scandal” is already built in to some degree but I’d agree it’s holding back share price. Bigger factor is getting pension companies and int investors to come back to UK market. Only way I can see that happening is by incentivising the market, get rid of stamp duty on purchases and relax pension fund investment. Share price could rocket but tax breaks are a dirty word politically, despite there being huge potential for buildings the wider economy.
@ThefarEnd
I did post last week that I would be 'freeing up' some of my RR. which has had a good run over the past year having finally hit my SP target there of £4+ and P/E ratio of 14.82
That's enabled me to be able to scale in here.
I was buying RR. When it was at peak fear. But its moved into wave 5 on the charts so signalled time to start taking some off the table.
LLOY just at the start of a Elliot wave 3 move here. Accumating at the beginning of these technical moves is just how I prefer to play it. Especially as we have now received both technical confirmation of SP breakout for both LLOY and the sector.
GLA.
Portfolio Power
Spot on re the impact which Q1 earnings are likely to have.
Maybe I missed any prior commentary re the technicals (in which case my apologies) but predictions on SP based on technical analysis have historically been proven to be more accurate where you have a major automated trader (in the case of LLOY, buyer) operating in the market
...a lot of posters are on here through the ups and downs...however there seems to be a band of doomsters that only appear when the SP falls...plenty of rollercoaster days ahead so i'm sure we will see them again......keep buying those dips ...gla.
The biggest barrier to a £1 SP here is the overhang from the car-loan DCA scandal. The FCA is due to report its punishment in Sep 2024. Provisions for the DCA scandal for LLOY (Black Horse financing) may have to rise 5-10 times higher during the coming quarters, into the billions. That threat, until it's sorted, is going to hang over the shareprice like a Sword of Damocles.
“Time for a top up.”
PortPower
With all your recent posts regarding the Lloyds direction I'm surprised you're not ‘all in’ already. Just goes to show even you're not entirely sure, are you?
But hey, whatever, it's a change from the usual doomsters on this BB.
That reminds me, where's Daft Trader?
Q1 Earnings due in a few weeks time.
With an efficient market playing out it indicates that the participants are sensing Lloyds is a bargain on offer right now.
Morgan Stanley grabbing what they can whilst it's still below 65p.
Who am I to argue with them.
Wave 3 momentum is starting to build steadily now
All the technicals look good.
Still deeply discounted vs the fundamentals.
Time for a top up.
GLA
Respect Prime
Your ramping here has been great.
Thank you.
....plenty of interest in the US employment data tomorrow....will be watching with interest....gla.
Prime, same as been up 10K three times in the last three years and watched it melt away, Not sold anymore yet as banks are looking strong but might set stop losses soon
Morning nice rise so sold a few to help LTI & MS out it's the least i could do .
Still holding on to loads as the trend does look good but been bitten to many times with Lloyds
Hoping for good times ahead for the rest of my shares + dividend
GLA
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 .