‘We are delighted with our fist half performance’
At times like this people have to step back. Will Lloyd’s be around in a years time? As 2008 proved Lloyds is far too big to fail, it’s systematically important. However 2008 is still fresh in people’s memories and banks are seen as vulnerable.
Lloyds has too much capital! It’s over capitalized even to the much stricter post 2008 regulations.
So if you assume Lloyds survival then the current turmoil is a good thing. As a Lloyd’s shareholder you are buying Lloyd’s shares- through the buyback, you’re getting shares alot cheaper than they would have been. Unless you’re a seller in the next six months relax. Take the divi and get on with your life, banks in Silicon Valley have little to no impact on British house prices and that is really the only thing that matters to Lloyds
The strength of the sp in this market is really telling. I expected a few sells as people wanted to sit on their cash. The fact there are still buyers is very encouraging.
No debt, profitable, so the current banking crisis has no effect on #bowl. This market turmoil is great for picking up bargains.
Buying today, thank you svb.
Errr Halifax anyone. To this day can’t believe Lloyd’s took it over without conducting full due diligence.
I topped up again today, this was as good a trading as you could ask for considering we are supposed to be heading in to a recession. When it becomes obvious this recession will be mild if at all then I expect the sp to motor
The big late trade.. Was it a buy or a sell?
If you compare to many other companies on many metrics som is cheap. I added today and will continue to do so. It may not repeat its past Stella performance but i believe it will continue to churn out cash.
I was negative this morning because they shouldn’t have done monthly if they couldn’t do them for an extended period. IMO they need the money this month to get 802 flowing but they think they will have recouped enough quickly to pay the dividend quarterly. Clive couldn’t run a bath, it’s only the asset which keeps investors here, not faith in the management. If there is a problem with 802 let’s hope it’s an easy fix. All will be forgiven if they can announce they have overcome a blockage and it now flowing at xxx’s bopd. There’s naturally a lot of people not willing to take that risk and so are banking profits.
Smacks of bad planning, why introduce monthly in the first place? I don’t take this as a positive.
Very good results, regardless of where the sp goes today, the co. Is only getting stronger, This will feed into the sp eventually,
I’m going to bang on this is a well run company, keep up the good work
Imo if they weren’t paying the divi they would have had to rns. The fact they haven’t set the divi date makes me believe there’s something going on to delay it.
The lack of a sp collapse also gives me confidence. I think they will have to rns tomorrow, but this is Caspian.
New tenders, one for production well 155.
They’re forecasting a shallow recession if there’s one at all. I’m still adding too.
I’ve taken some more, the results were positive imo. I just think it takes time for institutional investors to change stance.
There were 2 tenders on Bico testing oil. Looks like one was for the deep what was the other one for??
Nice and steady
If you’d told me, you’d be able to buy at this price with a flowing deep I’d never have believed it. Just shows the lack of trust that has been built up. I’m in way too deep and yet I’ve bought more today. The upside is too great for me to do anything but buy. Each to their own, but I’ve not been here for years to sell for for a 20% gain.