RE: 2nd Quarter performance24 Jul 2024 09:41
The News is out Lloyds Banking Group is Still undervalued ,5p discounted from 2020.
but in a better position than 2020 as to margins on profits from higher interests rates .
What Checkricky has posted looks grim what the sector has had to come through but these are market tools which one has to endure .
But looking at it from a different angle ,its allow Shareholders to buy in as cheap as 24p and has allowed the group to buyback shares at an amazing average to cancel them.
TBH without Covid and the Ukraine war ,I wouldn't be holding shares at a average in low 20s.
Every Cloud has a silver lining .
Some have bailed out cheap ,others are losing on the bets on lloyds going back to 48p , we all get it wrong at some point !!
Looking forward to the results ,a nice jump to 62p would be nice .
But i have expressed my view that whilst the buyback program is ongoing i am happy with Lloyds sitting in the mid 50,s. I am in long term happy to just sit and receive dividend without any sleepless nights.
Love & Light
Chips
80p end of year