Member Info for fleccy

This is just a repeat of old news. How long will it take them to find the "partner" funding? Mentioned each time this story appears.
To who ever started the thread, on my filter list, it's Fleccy, not Fleecy, as you well know. Get a life you saddo, there's clearly something wrong with you since you engage in child like behaviour.

"Grasping at straws springs to mind"

In what way?

Rate rises and inflation will very likely impact bank share prices, but they don't historically correlate with Lloyds share price. During the period May to June 2015, Lloyds share price was consistently above 80p, yet CPI was coming in around 0.4%, and in Oct 2017 CPI was coming in around 2.8%, with Lloyds share price being around 66p. Clearly CPI isn't the only thing driving Lloyds share price, sentiment plays a big part.

https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23

"Your assumption of comparing SP’s is flawed due Placings, best utilize M/Cap to compare."

Not really, since the Total Voting Rights have averaged around 70 Billion during all the dates I've used.

https://www.lse.co.uk/rns/LLOY/total-voting-rights-e7dm950ilrni06y.html

"The total number of shares issued by Lloyds Banking Group plc with rights to vote which are exercisable in all circumstances at general meetings is 69,431,144,289 ordinary shares of 10p each, which includes shares represented by American Depositary Receipts. No shares are held in treasury."

".It looks like sentiments and expectation on bank stocks have shifted a bit"

Forget about the current price, just judge Lloyds on the Fundamentals, with much depending on the dividend anouncement in the FY results. My personal opinion is that Lloy will soon be in the 60-70p price range, and potentially breaking above 80p in years to come. I base my opinion on previous pricing:

Lloyds was above 80p, May to August 2015.

Apr 2012 to Jun 2016, Pre Jun 2016 Brexit referendum average price 66.35p

Apr 2015 to Jun 2016, Pre Jun 2016 Brexit referendum average price 74.72p

Post 23rd Jun 2016 Brexit referendum to Pre Covid Nov 2019 average price 61.65p

Nov 2019 to now (Covid related) average price 41.57p

Current price 52p

I just picked dates to give averages around certain events, and could have picked some dates to give some lower, or higher figures. Looking at the figures above, Brexit may have knocked between 5 and 13p off Lloyds average share price, with Covid knocking a further average 20p off the price.
Brexit is now history, with Covid very close to becoming Endemic status, so these two events should wash out of the system soon. Lloyds is currently 52p, and I don't see why historic prices aren't doable, so we could easily see prices well above 60p going forward.

"just about everything with me has dropping and dropping lately especially the funds even the ones that were the best performers like fundsmith, don't know if others are having the same problem ?"

I wont touch Funds anymore, my past experiences have been they drop like a stone in the bad times, yet never seem to perform well in the good times. If you take money out, the transaction always seems to go through on a down day, never an up day, and I trust them as far as I can throw them. Most people investing in Funds seem to come away with a bad taste in their mouth, very few find it a rewarding experience, at least people I've talked to anyway.

"Theo... I can guarantee 95% of the people on here won't know what you're talking about. Better make that 99.5%."

I knew exactly what he was talking about.

https://www.youtube.com/watch?v=3SAbJjktk7E

"Openreach administer the network in a fair and equitable manner so as as not to give preference to any Wholesaler. BT did that deliberately to satisfy the Regulator and keep the Company within the Group."

OFCOM did want to seperate off Openreach completely, but a complete split was seen as too difficult due to issues around Pension and Wayleaves. My own opinion is that the Openreach workforce will eventually either get outsourced, like the warehousing and supply staff are currently, or it will be spun off as a company in its own right; An Openreach spun off, and possibly IPO'd, would start life with contracts for servicing the current customer base, including BT, and would be able to compete for Altnet business too. The valuation of a spun off Openreach, would depend on the income from the various contracts.
I don't believe BT would divest of Openreach, until the Pension trustees buyout BTPS, and FTTP/5G rollout is completed, so maybe somewhere between 2026 and 2030.

"You are right £500 is pocket money
£10000 is not
Well it is really
Just bigger pockets"

Victor, I now hold 291,558 shares in Lloyds, so on my Lloyds shares alone £500 equates to a difference in price of just 0.1715p, with a 1p change equalling £2,915.58. On Monday, across all my shares, my total on paper drop was £13,000. £500 either way isn't that noticeable.

"Either amount not life changing sums so a bit irrelevant?"

Indeed, £500 either way wouldn't even register with me. My stocks gain/loss dashboard has been moving in thousands from day to day.

"Oh good. The British troops can sneak back in now. That's if the Ukrainians will have them."

Slownsteady, your posts seem to project a preference to Russia over the West, what are your motives Comrade?

Well done Victor, I agree with your way of thinking, I topped up a couple of thousand Lloyds shares this morning.

I have no sympathy for investors bailing out on the back of Ukraine news, should it all turn out to be hype. It's probably the same ones who'd sell all their holdings, on news that there's a 50/50 chance of a planet killing asteroid hitting the Earth, just in case it hits.

"Add in millions of refugees."

More mortgages, rents,and people to run in FTTP. Winner Winner, Chicken Dinner.

"So if sanctions were imposed still no impact? "

Not on BT & Lloyds, at least none I can see.

"Current 51.34p........maybe sub 51p by close"

I don't understand why UK stock prices are being so heavily impacted by the Ukraine news. BT are also downsignificantly today, will war in Eastern Europe affect the rollout of FTTP, or mortgage availability in the UK in Lloyds case?
Shows how much the FTSE is Algo driven these days, since no sensible investors would bail out of geographically unaffected stocks on the current news.

"with the gain based on the number of shares times the ave cost per share, minus the book price"

Of cours that's wrong lol, I should read what I've typed before I post. The correct calculation for Gain is, Number of Shares Times the Current Share price, minus the book price.

"If i buy shares at a £1 and sell at £2 then buy Lloyds at 40p my average is 20p ?"

It depends if you're talking in terms of simple figures, or in sharedealing terms.
Shares go up and down in value, so you'd have look at the price of Lloyds stock when you made your initial £1 investment. if Lloyds had been at 40p when you bought the stock for £1, and remained at 40p when you sold for £2, then you might be able to say you purchased at an average of 20p, even though your sharedealing account would show an average cost per share of 40p. In the real world, capital gains, stamp duty, and dealing costs alter things somewhat. HMRC state that capital gains are calculated at the point of selling the stock, with the gain based on the number of shares times the ave cost per share, minus the book price.
In the real world the average cost per share of the Lloyds holding, in your example, would be 40p.

"nor am i sure the prices are not going to drop further"

Trying to judge the bottom, or top, when it comes to shares is a futile exercise and not something I worry about, I just invest where I see value.

"Don't forget the Afghanistan debacle"

Which one, the Russian, or US debacle?

"Its a very different matter when you have to fight a battle in someone else's back yard."

It's irrelevant, because it wont happen anyway, but if the conventional gloves came off and an all out limited conflict took place, it's clear the Russians would lose.

"The USA ? I doubt it would risk ground troops as a lot of body bags turning up in America would not resonate well with the public."

Don't you think the same would apply to the Russians?

As I've said, it's irrelevant since such events are highly unlikely.

"Mikey, your spot on there mate, look the other way for a few days at least, everything's taking a thumping today"

It depends on your assessment of the geopolitical outcomes, and your attitude to risk. I bought more Lloyds this morning, when the price was over 4% down, but I don't believe Russia will invade Ukraine due to the consequences.
I don't see Russia invading Ukraine, because the Russians will likely get a bloody nose from the war itself, with lots of casualties on both sides; Another reason is the crippling sanctions, which will likely lock Russia out of western world finance; Another might be a stronger Europe, with the EU arming up to become another potential superpower on Russia's doorstep. History shows occupying armies don't have a good track record, and Russia could open themselves up to resistance movements within occupied countries, and terrorism at home. There are multiple reasons why Russia invading Ukraine would be bad for Russia, with the only possible gain, from an invasion, being short lived hubris.
There's a possibility that Russia and China have quietly decided to form some sort of pact, with Russia taking Ukraine and China taking Taiwan, purposely aiming to hard split the World between East and West, but that would be a dystopian outcome, and would it suit China and Russia?