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giving excitement to some. Enjoy the moment.
Close that short at 550 lad!
Get to work! ;-)
no reason to be smug longtime - I suggested a couple of weeks ago that Mtro would be a better short term bet than lloyds which you profess to hold £six figures on. If you'd have taken the advice you be up on these and down less on those.. !!!
I bought lloyds at 56 yesterday, I don't think I've got the bottom.
Back in your basket Mr Smug..
Nov
''I bought lloyds at 56 yesterday, I don't think I've got the bottom.''
You may have caught the bottom yesterday, but it wasn't at 56p
?? Are you implying that I didn’t buy at 56. something yesterday, not sure I understand ?
Nov
Quite easy for most to understand. The price didn't go to 56p.
56.something goes all the way to 56.99.
Ok, 56.94. I thought you were suggesting that I was being less than honest. A bit pedantic - and my point was that you shouldn’t really have had a sly dig at Metro shareholders recently when in reality the share price went up whilst what you are holding loads of was going in the opposite direction. I suspect my next purchase will be at 53p. What do you think about the short term prospects for the share price in these 2 banks ??
Nov
Why did you buy at 57p, when you were waiting for 55p?
Nov
''What do you think about the short term prospects for the share price in these 2 banks ??''
I don't know and I don't care.
Have been in and out of Metro with a fun fee saving bet.
Waiting for short position to significantly reduce.
but one bank can currently afford to give a return to shareholders of about 10% a year
and the other zero.
Pound cost averaging, I’d rather get a third of my proposed stake in and potentially lose a little once the risk/reward stacks up than be greedy and miss the boat. 10% dividend (not every year) and a 40% capital loss in 5 years is still a cr@p investment.
Apples and pears, I’m only in Metro recently and for capital growth not dividends.
Are you suggesting that short sellers don’t get things wrong ???
Nov
'' 40% capital loss in 5 years is still a cr@p investment. ''
Lloyds share price is currently about 20% lower than 5 years ago and 5% higher than just over 3 years ago.
What did you invest in 5 years ago that has dropped 40% ?.
''Are you suggesting that short sellers don’t get things wrong ??? ''
They certainly haven't been wrong with Metro, have they?
Metro down over 90% in the last 2 years
Crikey posting at 01.33 to try and back up a poor argument - couldn’t you sleep ?
The Lloyds share price had dropped by over 40% in 5 years and has dropped by over 90% over the last 20 or so. If I’d recommended an investment to my clients that had performed similarly and I sat there trying to push the great dividends that were being paid out I’d expect a punch in the face.
Answer the question, will Lloyds or Metro be a better short term prospect for shareholders. You seem to like to dig at Metro holders so I assume you think it’s a basket case and that Lloyds is a better bet ? It hasn’t been since we started the dialogue in the last couple of weeks so what’s changed in your opinion ?!
Good morning Noveck. How are you today sir?
Good thanks Popeye - you ?
Still short on the markets or did you close ?
Apple results incredibly good so the euphoria will hopefully push the markets up a bit more today. Profits a massive 10% higher than the same period 2 years ago and the share price has only more than doubled in the last year. It won’t last so I’ll hopefully be able to increase back to where I was on Friday. Metro going well.
Hi NOVECK. No I closed all my positions Monday afternoon at 4pm. Made a few bob, so I can't grumble. I bought into Metro Monday afternoon. Are you suprised by the Apple results? If you are ever in London? Touch base and I will treat you to lunch. Are you looking forward to the six nations? Atb. Popeye.
Cheers that’s kind ! Likewise if you’re in Bath.
Surprised they weren’t better in truth, profits last year were 10% lower than 2018 so a lot of bar lowering across the board to be able to beat the street. US p/e still way too high and the rules of the game haven’t changed despite what they want us to believe.
Assume you’re cheering for England, had tickets for the Ireland game but we’re away sadly. Are you Saracens or Wasps or neither ?
I will be cheering on England that's for sure. I'm neither Saracens or Wasps. I just enjoy watching all the rugby. It will be interesting to see where Metro goes today! I wonder if it can keep up the momentum? Good luck. Atb. Popeye.
NOV
''and has dropped by over 90% over the last 20 or so.''
Figures are certainly not your strong point are they?
In the last 20 years Lloyds have had acquisitions, disposals, mergers, rights issues.
Only someone crazy would think that 20 years ago Lloyds had a market capitalisation of
over £400 Billion pounds
Longtimebeforeyougetyourmoneyback - still avoiding the question about Lloyds v Metro short term share price value ?!
you were right to question why I bought before my 55p target though - so I sold them at a small profit this morning - thanks.
So in your opinion pythagoras, what percentage of the share price has this legendary company destroyed for its shareholders. Not 90% so is it significantly less - peak to now ??
before you get too bogged down and paint yourself in to another corner, Lloyds have in my recollection acquired Halifax, C&G, Bank Of Scotland and Scottish Widows/Scott Widows Bank.
and they were effectively worth nothing - nada - zip - F()ck all, when the taxpayer had to bail them out in 2009 because they got it so badly wrong. Short memories some people - so how much value in your opinion have they destroyed (you can park the bankruptcy if it makes the maths easier) pythagoras ????!
NVG
Please put your eye back on the Metro ball.
Whats your take on today's movements given the Volumes???
Cheers
Too much selling, not a great sign. I think this is the start of a traders market and holding will only really work on positive news. Many on here reduced this morning - including me. I'll keep a core and trade the dips until we get something more tangible. Still bullish, just maybe a different expectation as to how and when we'll see £3+
We need to see the shorts reducing - that may happen as we close on the fiscal date (27th ish).
Depends on how leaky the ship is.
I am holding - all the same.
Thanks for your views.
Cheers
Nov
''what percentage of the share price has this legendary company destroyed for its shareholders. Not 90% so is it significantly less - peak to now ??''
What a nonsense of a question. Do you think that every Lloyds shareholder has an average price equivalent to the highest ever market capitalisation?
If a shareholder for instance had bought like I did in 2012, their capital would have doubled, plus dividends on top.
Every shareholder in Lloyds just like any other share will have an average cost price.