PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Appears to be 30p to 35p and ha been covered quite a number of times in recent weeks...be nice to see it jump to a higher trading range of 35 to 40 in the near future .
Someone feeling confident, not seen large buys like this one for some time....will he scored be staying in long or is it a quick in and out trade ?
Been observing the daily trades of Metro bank over recent weeks since the fund rise and I'm finding it difficult to understand that when on days when sells outnumbered buys by 2 -1 or higher like last Friday the SP actually rises. Grateful if someone can explain what's happening and when this relentless selling will come to an end and what is likely to happen then to the SP ? Appreciate constructive replies.
A lot of buying pressure snapping up cheap shares, is this about to start climbing from here , and where do we see it getting back to near term?
Yahoo Finance
Fool.co.uk
Lloyds shares could reach £1.50 in 2024
John Fieldsend
Wed, 6 December 2023 at 6:31 pm GMT·3-min read
In this article:
Businesswoman analyses profitability of working company with digital virtual screen
Image source: Getty Images
Lloyds (LSE: LLOY) shares have been a basket case for years, some might say. The share price is 43p as I write and hasn’t been above the £1 mark since the banking crisis in 2008.
But now, an eye-catching dividend forecast and a host of other signals indicate the stock might now be seriously undervalued. The shares could even reach £1.50 by the end of 2024.
If Lloyds shares pass that mark, shareholders would enjoy a 249% gain on the current share price – while collecting dividends along the way too.
Best FTSE 100 buy?
A tripling share price might sound fanciful as of now, but we saw a similar story play out in 2023. Rolls-Royce, another unloved FTSE 100 giant, rose from 70p up to 269p in little over a year.
Many called the engine maker underpriced then. I’d know, as I bought in while the shares were cheap, although I’ll confess that I didn’t quite catch the bottom.
If Lloyds treads the same path then this might be the best Footsie buy going. And looking purely at the numbers, there’s plenty to like here.
The good news starts with recent earnings. The black horse bank has been cashing in thanks to a rise in interest rates, which tend to help lenders increase margins.
With bigger cash flows, come bigger dividends. A dividend yield of 6.2% looks enticing indeed and is bettered by the forecast of 7.1% for 2024 and 8.0% for 2025. Those big returns, well above Footsie averages, might tempt investors if the wider economy stalls.
Inexpensive shares
Those big earnings haven’t been matched with an increase in share price either – the shares began the year a couple of pence higher at 47p – which is why Lloyds is still trading at cheap ratios.
The price-to-earnings ratio of the bank is 5.5 – some distance cheaper than the US banking average of 8 and the global banking average of 9.
At an inexpensive share price, removing shares in issue is often a good use of capital, and that’s exactly what Lloyds is doing.
A £750m share buyback is underway, taking around 7% of shares out of circulation. In theory, this should drive the value of the remaining shares up. Little has happened so far, it’s true, but perhaps we’ll see the effects of this in 2024 instead.
More good than bad
With all this good news, it’s important to look at the bad too, and one concern sticks out to me most with Lloyds – high interest rates mean higher impairments. The £187m of bad loans the bank booked for Q3 could be a sign of things to come.
Still, I’m bullish on the whole here. I own a position already and hope 2024 will kick a little life into my Lloyds shares
Anybody got any idea of how much per share any interested party would have to bid?
Lead to the fall and the Market has punished the share price with short sellers taking full advantage of it and in so causing genuine long term holders to get nervous and sell all or part of their holdings... There's not many shares in Metro so price changes either way can be dramatic. At this price level it won't be long before rumours of establishments considering a take over....then where's the Sp headed to then rapidly?
We have sold about one third of our residential mortgages to NatWest so that we can invest in other areas of lending. This means we can start to lend in other areas – such a personal loans and credit cards – as well as continuing to lend in the mortgage market
3 times in the last 5years it's fallen to 60p range, but not below that. Then on a decent update in November see it restored to £1 and above. As the bank is now making decent profits throughout 2023 I can't see any reason to think that history won't be repeated again.
Just gone through at 64.00
Just gone through, someone thinks this is about to see a reversal
Yeah, fingers 🤞 for yourself and other investors for this week.
CloudTag enters final testing stage
08:28 Fri 22 May 2015
Jonathan Jones
View
CloudTag Inc
AIM:CTAG
microscope350_555edc6318ab4
CloudTag, with its technology partner imec, is conducting final tests on the sensors and algorithms before beginning field trials shortly.
CloudTag (LON:CTAG) the wearable device expert, has moved into the final stages of testing on its health monitor before it starts field trials.
CloudTag, with its technology partner imec, is conducting final tests on the sensors and algorithms before beginning field trials shortly.
The finished product is expected to be launched at the Consumer Electronics Show in Las Vegas in early next year.
CloudTag has been working with imec, a nano-electronics expert, for two years to create a multi-sensor energy expenditure algorithm which it hopes will be the most accurate available.
Chief executive Amit Ben-Haim said: “CloudTag's partnership with imec has been instrumental in developing the wearable product and delivering on CloudTag's vision to bring accurate data to the consumer market. “
Chris Van Hoof, imec's Programme Director Wearable Healthcare, said: "We are delighted to have partnered with CloudTag to bring technology we have been developing for many years to the mass consumer market.
Anyone know if they're still involved ?
Glancing back to 2019. (Food for thought).......Loan lender's customer growth and revenue strong despite financial dips Guarantor loan lender Amigo Holdings has revealed its six-month results to September 30 2019. The company’s net loan book stands at £730.7m, said to be an 8.8 per cent increase underpinned by ‘strong’ customer growth of 17.9 per cent. Amigo Holdings’ revenue has increased to £145.4m - up by 11.8 per cent. Impairment revenue ratio within guidance stands at 31.1 per cent. The company’s profit-before-tax for the specified period stands at £37m, a reduction of 1.9 per cent. Commenting on the half year results, Hamish Paton, CEO of Amigo, said: “The first half of the financial year has demonstrated continued demand for our guarantor loan product with solid growth in customer numbers. “We are making encouraging progress as we roll out the operational and strategic initiatives outlined in August. While it will take some time to see the full benefits, we are pleased with the positive start we have made.” He added: “Amigo holds a leading position in the guarantor loans market and our product makes a real difference to the lives of our borrowers, many of whom cannot access credit from mainstream providers. “
(Food for thought).......Loan lender's customer growth and revenue strong despite financial dips Guarantor loan lender Amigo Holdings has revealed its six-month results to September 30 2019. The company’s net loan book stands at £730.7m, said to be an 8.8 per cent increase underpinned by ‘strong’ customer growth of 17.9 per cent. Amigo Holdings’ revenue has increased to £145.4m - up by 11.8 per cent. Impairment revenue ratio within guidance stands at 31.1 per cent. The company’s profit-before-tax for the specified period stands at £37m, a reduction of 1.9 per cent. Commenting on the half year results, Hamish Paton, CEO of Amigo, said: “The first half of the financial year has demonstrated continued demand for our guarantor loan product with solid growth in customer numbers. “We are making encouraging progress as we roll out the operational and strategic initiatives outlined in August. While it will take some time to see the full benefits, we are pleased with the positive start we have made.” He added: “Amigo holds a leading position in the guarantor loans market and our product makes a real difference to the lives of our borrowers, many of whom cannot access credit from mainstream providers. “
However there would seem to be time to turn this around during the coming 12months . it was once a company earning excellent revenue and paying good dividends. In this present economic climate and with fewer competitors once sufficiently financed will no doubt do really well.
£3 per share 2 years back to 6p . where could it climb back to 2 years from now?
Quote from 11th April 22 Rns …….There remain significant obstacles to overcome, including the need for a significantly dilutive equity issue, to recapitalise the ongoing business given the requirements of the Schemes for the transfer of virtually all existing assets to the redress creditors."
As detailed in the 6 December 2021 update, the New Business Scheme proposes an initial contribution of £97 million, to be generated from internal resources. A significant proportion of this initial contribution is derived from the run-down of the existing loan book. In order to secure the best result for Redress Creditors possible in the circumstances, the New Business Scheme will include provision for an additional payment to Redress Creditors in the event that the existing loan book generates a better return than currently anticipated.
As also stated in the update on 6 December 2021, the Company intends to raise capital, within one year of sanction of the New Business Scheme by the Court, to fund both the £15 million Scheme contribution and future lending. The equity raise is likely to be undertaken by a rights issue for existing shareholders, with a placing of unsubscribed shares to third party investors. The rights issue will be subject to the approval of the Company's shareholders after the New Business Scheme is sanctioned by the Court. If shareholders do not approve the rights issue, the New Business Scheme will revert into a wind down under which the shareholders will receive nothing in respect of Amigo Loans Ltd.
The New Business Scheme will require the Company to issue at least 19 new shares for every existing share in the Company. This will leave existing shareholders (unless they participate in the equity raise) with no more than 5% of the Company's share capital, reflecting a UK market standard level of economic interest for equity holders where creditors are not being paid in full.
Amigo will have up to a year from the sanction of the New Business Scheme to complete the new equity raise.