Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
See what i mean? That's not a proper news site! Auto generated cr4p.
"Ocados internet shopping guarantee has way too high an amount tag"
"Games workshop: the performs finished - The near future for retailer games workshop appears because great"
I'm dubious about the nature of investorsfreshnews - have you actually tried reading this and other articles?
They appear to be in broken english - as if auto generated by a bot. This is typical of click baiting 'news websites'.
Just try reading a few paragraphs then go to the homepage and read some of the other articles headlines and you might get what i mean!
Is there a way to MUTE posters on LSE chat?
I used to use iii and ADVFN years ago, but they became a pile of childish garbage.
I've started using LSE chat just to keep a toe in with other investors, but frankly this LLOY board is going the same way.
Surely there is a MUTE option? I can't find it. Please help, or I'm outta here.
snige - no not suggesting offloading that soon.
To be honest - I am looking for a long term hold in my SIPP, with well over a decade to retirement still.
Most people hearing that would say don't bother market timing - just take a position now and forget about it. Which is a valid approach - however I have a round number of shares in mind and have been waiting for that price to invest for some time. That price was about 29.7p and I also felt comfortable buying below the 30p level which has been defended so well for quite some time.
So now I have the opportunity - why I am i hesitating ('on the fence message Friday' explained now hopefully).
Well it's taken so long to reach my target that we are now just days away from the results which could be significant to the price. I'm not going to wait for months only to get the rug pulled from under my feet 3 days later.
So trying to approach this better - am thinking perhaps buying 50% of the position by Wednesday, then the other 50% after results. I either manage to get the stake I want at a lower average price than I expected if it falls, or make an initial profit before adding the final 50% and am still happy.
This will be a significant investment - in the millions of shares. Don't laugh, or challenge, I feel no need to prove anything, it is what it is.
Let have a proper chat about the upcoming results. :)
First on 29th July we hear from Barclays. This is a very different proposition as they have an investment banking side which like many US banks has balanced out a lot of the retail banking issues recently. Nevertheless they will still be making a statement about impairment provision - and I think this will set the mood in UK banking this weak and spill over into Lloyds sentiment.
Then on 30th July we hear from Lloyds. Last time, as we all know, they increased impairment provisions. And this came at a cost to shareholders who sacrificed their dividends to allow Lloyds to preserve capital for these provisions. Logically there are only 3 possible outcomes on 30th - Lloyds reduce, keep the same, or increase impairment provisions. And this is the main thing the market is waiting to hear.
So how likely are these 3 outcomes?
Impairment provisions reduced. Can't see it myself. I'm going to ignore this option.
Impairment provisions held level. Again unlikely.
Impairment provisions increased. I think this has to be the base case. Which leads us on to: by how much?
If it's a small increase - eg £0.5bn to £1bn, then that's probably priced in, so although negative news, the share price may continue to hover around 29/30p.
A larger increase - eg £2bn+ would I feel be very negative. With the current market cap around £20bn this will look like a large % of the business. Markets always over react and we have all experienced big opening gaps. Look at TUI this morning, off 13% at first (yes for completely different reasons I know - but shows brutality of opening on negative news.
So a 10% drop would put us around 26p to 27p.
That's my thinking, in summary either a buying opportunity on news weakness 30th July around 26-27p or a continued sideways 29-30p on not so bad provisions.
Thoughts? DYOR blah blah. Not trying to upset anyone. Just want to talk about LLOY and not masks/Tesco/football. Thanks.
I really want to take a large position here under 30p - and it seems I have the chance now as Friday draws to an end.
However I am in 2 minds due to the results next week.
Market consensus is clearly that provisions will increase - but how much of this is already priced in?
If they add eg more than £2bn could there be a big down day, like -4/5% knocking this right down to 28.5 or lower?
I'll kick myself for waiting so long if I buy in just a few days too early.
Equally a positive result presentation could push it back over 30p and onwards.
Really on the fence with 18 minutes until market close!!! Anyone else about to trade LLOY into the close???
Well the mathematical answer is simple - with a £21bn market cap at 30p, LLloyds will reach your 82.28p target when the market cap is £57.8bn.
So just decide what will add £36bn in value to the business and over what timescale, and there's your answer!
Source:MarketWatch
"A factor that may weigh on bank stocks is the annual stress tests and regulatory review of large banks’ capital plans. The Federal Reserve will announce the results at 4:30 p.m. ET on June 25." (9.30pm BST)
I think if Investec are right then it's game over! OMG
"The gloomiest forecaster in the poll - Investec chief economist Philip Shaw - predicted a -31.5% plunge."
https://uk.reuters.com/article/uk-health-coronavirus-britain-gdp/wild-guesses-as-uk-economists-grapple-with-looming-gdp-plunge-idUKKBN23I0OL
I think there is a big potential for a number worse than the -10% forecast...
Also noticed this is published at 7am - so a pre-market announcement that could cause a gap down in UK sensitive stocks.
Weighing up whether to buy some LLOY today to benefit from the 7% drop - but concerned about a gap down tomorrow...
Might wait and see. I know market timing is not generally a good thing, but this seems like a big piece of data!