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Still makes me laugh how the market works. £3m of traded shares can knock £500m off the market cap. Just because a few people value the shares at whatever price their trading shouldn’t make anyone else think that’s what their shares are worth. Btw my shares in Lloyds are worth 70p but I’m doing a summer discount at 65p if anyone is interested :-)
…….falling like a w#ores drawers at the moment, let’s hope this isn’t a reflection of the day ahead.
All very noble, but we own the company. The unions saying that staff have been overlooked whilst shareholders got a dividend payment, give me strength. We’re all in the same boat, stop frittering away our money.
….of a share
Another Stellar day for this POS share. Has the ability to consume all bad news and never grasp any positives.
Market will forever think this is worth 45p +/- 1p, despite it trading at derisory forward multiples. 6 years of disappointment, really think it's time to do the sensible thing and bail and put my money to better use.
I've given up pinning my hopes on fundamentals raising the share price, I'm more hopeful of an RNS declaring a takeover approach from the Penrith Building Society.
Here are the prices of my initial investment and subsequent dividend re-investments. Thank God HL unilaterally changed my income instructions to keep income in my capital account rather than auto-investment.
The share price can't even break 44p. How did we ever get to this stage?
54.56 (2016), 53.03 (2016), 69.75 (2017), 66.50 (2017), 58.00 (2019), 58.32 (2019), 48.14 (2021)
timeinthemarkets I too was happy with my entry point 54.56p........... 6 years ago :-)
I've found the cuplrit for the recent share price slump!!
https://www.insider.co.uk/news/staff-shareholder-complaints-dominate-lloyds-26937588
This chap wants Lloyds to set aside £3bn provision for alleged fraud at the Bristol Support Unit of Lloyds. Sounds like something out of "New Tricks" with David Laity playing the part of Dennis Waterman :-)
Theosus "We will be in recession by July".....how is that even possible given that expected GDP growth is 0.7% in Q1?
recession
/r?'s??(?)n/
Learn to pronounce
noun
1.
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
04:37 FTSE futures this morning has edged into positive territory.
06:55 FTSE futures this morning has edged into Bear Grylls territory (130 points 1.7% down)
The success of this buyback program is clearly evident in the fact that we are 25% off our 52w high and NWG are 21% down. We won’t include BARC is this analysis (-35%) as they just plainly f’kd up.
Yet another down day it appears. It must be that derisory 20k director share purchase yesterday ??. Who ever posted the analogy of vet shooting the lame horse was spot on!!
LTI, I’m well aware of what the buyback programme is meant to achieve, but if you then give all of the shares back to the employees it’s kind of pointless. Yes I know it was “only” 585m shares, but that’s a heft chunk of the buyback and who’s to say it’s not the last placing of the year!!
Give me a 10% divi any day over another pointless buyback programme.
Whilst we all expect shares to be issued to cover deferred compensation schemes, the size of this listing really takes the biscuit. I assume this is passed by the remuneration committee, what influence do large institutional shareholders have in this? I’m sure this will not go down well at the AGM. This is probably my worst investment choice to date (and there’s been a few). Dog Shat share.
NASDAQ up 3.5% yesterday when rates rose in the US, down almost 6% today, no new information.
How can that be rational?
Some people are making a shed load here!!
After 15 years of being cacooned by cheap credit, people will of course need to start spending less on trivialities. Stopping paying loans is a long way down the list of what people choose to cut back on. IFRS9 provisioning (i.e. forward thinking) is already in the statutory results and Q1 update and yet we trade at a P/E of a derisory 6X.
Lloyds remains my last single share holding within my SIPP portfolio, but I refuse to sell as such a ridiculous level. I thought 62-65p was a certainty before the Russian invasion, but even then it was struggling to maintain momentum.
The results have been very satisfactory......I guess I just don't get this share.
......the clue is in the name!!
"Like several of its rivals, NatWest smashed forecasts but for investors the focus is much more on the outlook, which despite the boost to profit implied by rising interest rates, is heavily clouded by the risk of an increase in bad debts linked to the cost-of-living crisis," AJ Bell analyst Russ Mould added.
The whole point of IFRS 9 was to make Financial Statements forward looking.......Lloyds have upped guidance for the year (under IFRS9)......how far ahead do the markets price this beast? Quite frankly p/e multiples this low are a joke.