RE: Good news as at on today's tape . 47.50p10 May 2021 18:16
There was an infamous poster on The Motley Fool who championed Lloyd's when they were trading bewteen 400-800p. Every post he urged investors to forget "diworsification", plough everything into LLOY and live like kings on the dividends. Fools told him that strategy would work until it didn't. It stopped working when Lloyds bought out HBOS, and then the PPI scandals hit.
I've bought into Lloyds for the recovery, but they are vulnerable. They don't have the heft of the big internationals, they can't be as efficient as the FinTech startups. I think late stage Lloyds will be drained of cash by executive bonuses, and then sold to some bigger bank.