Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Madtony, you may not be so mad.
The current sell off seems to be solely on the back of Asia and some profit taking in the US, particularly in the Tech sector. More to come as US futures point to another dip.
The Feds seems to have factored in another interest rate hike for this year with a further three proposed for next year to keep inflation in check. US Interest rates seem to be a market irritant but in my opinion can only be positive for US banking shares, maybe Lloyds will get some tailwind particularly if the BOE increases rates and the shambles we call BREXIT fumbles through in some kind of acceptable format to the market.
The UK economy is currently in good shape and Lloyds has a strong balance sheet and bright prospects. Remember most pension fund managers are committed to holding FTSE shares.
I have stocked up downwards from .63p on the basis that we will eventually get some stability from BREXIT and on the basis that this share must surely be near be near the bottom. Current price seems like a good entry point in my opinion.
Wild One - Here is how I see the next few months playing out but please bare in mind that I have stocked up at various points from around .62p so I am far from the Oracle on such matters, although I have been a loyal supporter of the share for decades now.
1. Lloyds are predominately dependent on the UK economy therefore the Deal or No Deal fiasco is intrinsic
2. The market has already downgraded the share should there be no deal but a final more devastating blow could be struct should we be unable to strike a deal. The market generally ignores nationalist sentiment. I would opt to sit this one out should the prospect of a no deal look imminent.
3. Should we strike a deal then I can only see a significant rebound based on the markets perception of the future prospects of the UK's economy and the current SP and PE ratio potential. Let's face it Europe needs a deal too,
4. The US market and economy is red hot at the moment, with no signs of regression. Emerging Markets are depressed, with European markets lagging behind fuelled by the usual worries, this time Italy. The MIB been hammered recently. If we do strike a deal then I can only see the FTSE rising and value shares attracting buyers disillusioned by other markets.
5. The MM, always the manipulators. No doubt enjoying the uncertainty but sitting on the sidelines waiting for signals to buy back in at a lower price. They have some commitment to hold high yielding safe FTSE 100 stock.
6. Some people on this board may blame everyone from AHO to the Muslims but I'd like to lay the uncertainty predominantly on BREXIT. Most of us know we need some kind of deal, even the bike man BJ is fearful of heading an outright revolution. Lovely chap and my local MP but frankly we would be rudderless if he became PM.
We will get some kind of deal with Europe and the SP will surge back to the mid 60's. Despite buybacks there are still too many shares in circulation for rational thoughts beyond the 60's at any point soon.
Only my thoughts on how I see things panning out.
Me too at 58.78p
Although my track history suggest it will drop a further 2p by next Friday.
LTI, I'm sure you said the board was sitting on a pile of cash for the next buyback, surely someone other than us must see this as a buying opportunity.
Time to sell the family silver and fill my boots
Ohh .. but I sold the silver at .65p, filled my boots at .64p and disposed of the the rest of my worldly assets at .63p and .62p
I'm long past optimistic, let's get a move on to sub 60p and get this over and done with.
''buy back the dips'' .. I think we need a lot more than the £1bn put aside
Did Credit Suisse mention a year for 85p
.. but at the time it was announced the prospect of taking �1bn worth of shares out of circulation seemed more good news for investors on top of good profits and increased dividends. What followed since I've not witnessed for a long while, I've followed Lloyds 10 years or so. Nothing seems to please the market and onlookers blaming everything from AHO to Brexit and warnings that ''my pals in the city say Lloyds are uninvestable''. The fundamentals suggest this should be a fairly attractive share to include in a balanced portfolio but there seems to be no support. I'm torn between - it's a the Money Managers working their magic to stock up sub 60p or Lloyds reliance on the future strength of the UK's economy, I do hope it's the former or something similar. Burying head in the sand time for me.
Sorry DCB you don't need too much insight to take a PUNT on that prediction. I'm struggling to understand why this issue was not scrutinized to death before the referendum. Why didn't someone, from either the leave or remain camps say 'let's have a word with Eire and see what they think'. Not to influence how people decided to vote but just to have a heads up for any future negotiations. Most businesses would have considered such a move. I see Eire in the driving seat for this one. If we fail, then we need to look for someone to blame, don't be too quick to point the finger, there might be some collective responsibility here.