Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tough one to give guidance, a little bit of a guessing game considering macroeconomic conditions.
Probably not the best place to look as the board is cluttered with investors looking to ramp up or down. That said there is plenty of useful non-antidotal contributions that warrant merit if you look hard enough.
I'm gambling on some eventual good news on a vaccine, that will be the real catalyst for a change in fortunes.
My strategy is to keep on reducing my average, I'll find peace under 30p. I'm happy to keep on gambling down to 30p and then wait. Your strategy is key too. Some long term investors are content to keep buying at these levels as they have an eye on future dividend yield. If you are not in a position to average down then sit tight, it will be a bumpy ride but it will eventually go beyond your current average.
I take a slightly different view.
The word 'recovery' means getting better, improvement.
Recovery is growth.
Yes some businesses fail but others spring up or resurrect as the economy recovers.
Banks thrive on growth.
Low/Negative interest rates help growth but hinder banks in terms of margins.
Expanding Wealth Management opportunities are key for Lloyds.
The new CEO will understand what he needs to deliver on.
An anti armageddon take on proceedings, I like the reassurance. Let's hope that mini revival happens.
The Friday afternoon profit-takers might spoil the party ... wait there's no profit to take.
Good for you.
Now never check the share price again until you hear the Breaking News .. Vaccine pass clinical trials, beleaguered Lloyds Shareholders to be offered first doses.
Really JerseyCrew .. a couple of years to recover after a vaccine?
Your opinion frightens me. The FANGS are booming despite the COVID ravaging through their nation, surely Lloyds can return a profit when the outlook improves.
The new CEO need not take up the post if he shares that opinion.
Timely posts yet again Asperger.
I'll continue to reduce my average based on the hope that we'll get a vaccine and life and more importantly dividends can return to near normal. I'm gambling on the Phama industry saving us sometime soon.
Wait a minute Cheese it's just heading back down ..
''10% short term gain imo''
DM - I'd be careful in this turmoil, a 10% short might equally be profitable before the week is out .
I'll support your confidence though.
As an investor, I can see why BJ could be considered clown.
But the real clowns are the ones who think COVID has gone away
I'll back BJ on this one, best scare people in compliance
Feel your pain FIalklandinvestor. Similar plight, similar investment.
I'll keep on chipping away at the averages and try to stay positive until we get some good news. It will come, who knows when though.
Whatamess - You really are just guessing now.
How about 1p by Tuesday or £2.50 by Monday
Who's to say at the moment Investor 112.
I've followed this share between 10p -£9, so many bumps and surges.
My guess is that stop losses will continue to kick in for a few days before realism kicks in.
I will continue to reduce averages on the basis that we will get a confidence boosting vaccine and the blocks removed from dividend payments.
Think what the the PE ratio would be at today's prices should dividends and normality return. Currently a logical addition to my pension fund.
Paying 10 cents per share dividend, payable in shares. Any chance of Lloyds replicating such a move?
Me too.
Time to auction the house and use the proceeds to reduce my average :)
An uplift on the. 01% base rate for savers
https://seekingalpha.com/article/4349996-assessing-survival-potential-lloyds-banking-group
79p please Asperger
Really rooting for you though.
taskmaster 'should revisit 58p then 52p before long'
Looks like we are starting to follow the course of your chart downwards, 58p sounds realistic but anything lower is entirely based on developments in Parliament. Looks like we are unlikely to get a conclusion from next round of voting tonight so whilst doubt remains 58p should be tested.
Taskmaster 'only my view usualy wrong. macd divergence on the lower time frames, diamond top forming on 4hr & daily, gaps at 58p that coincide with 38.2% fib & 53p 23.6% fib'
Thanks, I have to go back to the crash to remember such volatility.
I was thinking around 58p too, simply based on the prolonged uncertainty.
Taskmaster 'Still think we could see 58p next followed by 53p briefly'
Why do you think it could go so low?
The SP seems to be firm today, stayed steady even after the speakers decision.
Grahamsturman ... I'd say next to impossible the deal will be agreed tomorrow.
BJ has simply fired up his mistrusters by sending shoddy letters. There will be many infuriated MP's tomorrow, doubtless not in the mood to pat him on the back.