Waiting to see where this goes tbh, i have a feeling, looking back over the last year, we may see 39p before we see 49p again, there might be an opportunity coming to buy low, before next years div.
You might get the chance next February. Cant see it before that, unless they maybe consolidate, but i cant see that either. Just too many shares out there to take the edge the shorts i think.
Lloyds never moves much in the first hour and a quarter of trading. It takes awhile to settle. Fact is, over the year it will go up and down in a range of around 10p, and can be a good source of revenue to those who have a bit of patience, and are not to worried about the money they have invested.
Sustained pressure at todays current high of 52.600 - considering the relatively low volume? This may end the day above 52.200. Another up day perhaps. Going forward, into the week end, we may open next monday at 54.00.
Carrying 4 billion in debt would probably mean any existing shares would be diluted to near extinction. It would be nice to see things go any other way, but sadly, the reality of it, is it probably wont.
The drop in share price is 1 percent news and 1 percent over all market conditions, so I'm not alarmed by it to, to be honest, i think by May this will be above the current levels by a good degree.