"The Netflix results overnight were pretty bad, which is dragging down the US markets today, which in turn is dragging down UK markets and major stocks (such as Lloyds)."
FTSE is well up as are all other European indices. Only UK Banks down today are Lloyds and Natwest?
"So if worse is yet to come and your SP target is 39.5p then that's hardly a dramatic drop from here given the fact that the rate rises have not even begun to filter down, I would revise this buy in figure."
You know it did not hit £1. Information on the Yahoo website saying it hit £1 on 9th September is incorrect. No one bought or sold Lloyds shares for £1 on that day, or indeed ever have since Lloyds Banking Group was formed on 19th January 2009.
Your post yesterday at 13:53 suggesting Lloyds SP reached a day high price of 100.48p on 9th September 2009 was extracted from Yahoo historical prices for Lloyds. That looks like an anomaly for the high price for that day, it has spiked up 42% from open price on that day. If you look at all the other days for September 2009 there were no large daily spikes in SP. Check link.
Now check the historic share prices for Lloyds for September 2009 on Investing.com. On 9th September it states the day high price for Lloyds on 9th September was 71.15p. I would say the information on Investing.com is accurate and Yahoo is incorrect. Go to this link and input start date 1st September 2009 and end date 30th September 2009 into the table and it gives a table of opening, high and low Lloyds SP for each day of September 2009. For 9th September it is open..69.18p, high..71.15p and low..68.98p.
SP rally ran out of steam at 15:15 and eased back sub 47p......just after a press article was released on Reuters "Britain's banks slow in passing higher rates to savers -watchdog". Coincidence?