Member Info for hardup

Normal Friday afternoon sell of by traders for the bank holiday. Maybe nervous of situation developing in Afghanistan exiting their positions, and then will buying again on Tuesday when markets open again.

Found an outfit called AI Pickup.com. They forecast stock/indices/currencies/commodities future prices using Machine Learning/AI algorithms. I guess take with a pinch of salt, but I would be happy if their forecasts for Lloyds over the coming years are even close?
https://aipickup.com/lse-stock-prediction/lloy-stock-forecast

Well it seems Powell's speech has gone down well in Wall Street.

Goonerpete
I was referring to DC's post " but your prediction for Lloyds 60-70p 2021 is false"

How can a prediction be false? It is an opinion, not a statement of fact.

The FTSE is still in positive territory today but Lloyds is down over 1% already? OK, we know that the BOD have given no clues as to further returns of excess cash to share holders and seems certain now they will not until Final Results 24th February. But everyone does know that the bank is sitting on a massive cash pile which will have to be distributed to share holders in whatever form the BOD see right, so it is coming. Given this I don't get why the SP is coming under such intense downward pressure just about on a daily basis, this has been way over done IMO. And if the SP cannot hold its ground or increase on flat or up market days from where it is now, it doe's not bode well for any market down days that may come. I just get the feeling the MM's are having an influence here. IMO.

Volcano
FTSE is not at all time high. Just saying.......I do have a large holding here for LTH.

Falkland
"yes I am, 2 positions averaged @ 232pish"
Did you mean 332pish?

Falkland
Do you still have your short position on Sainsbury open? What was the price when you opened the short position on Sainsbury?

MVarawa "but nobody wants to build more schools, surgeries, roads, hospitals etc, etc"
All of these are the responsibility of Government funded by the tax payer.

"Could the lack of buyback be design to keep share price low for re investment of dividend?? Keep shareholders happy reinvesting at low rates?"
My thinking is the lack of buyback or any information whatsoever regarding returning excess cash to share holders until final results in February is designed by the BOD to get the SP lower. They probably know already what will be announced in February with the Final Results will then drive the SP considerably higher. They will make large buys just before the 60 day "close period" comes into effect before Final Results which bars them from buying or selling shares in the company during this period. Or am I just being cynical!

"got a feeling this is being taken down for consolidation".
So in your opinion the SP falling is nothing to do with investor sentiment, relevant economic news, but MM's deliberately taking the SP down to do a consolidation, is that correct?

Individual PI's will be pi@sing into the wind sending e-mails to complain! Institutions own over 80% of the shares!

Lti
I think you know the point I was putting across.

Scb
I think you will find it was livestock that posted it.

Goonerpete
When the dividend is expressed as 0.0067 it is expressed as pounds. When it is expressed as 0.67p it is expressed in pennies. Both are correct.

I think people are pricing in a final dividend of 1.34p giving a total dividend for year 2.01p. Cannot see share price getting to 50p let alone over it; at SP 50p and a total dividend of 2.01p the yield would be 4%. Hard to imagine investors paying SP 50p for a 4% dividend yield when other good dividend payers yielding 6%+. We need a total dividend for year 3p+ before we can expect SP to breech 50p.

"Wonder if we finish up today"
Lets hope so but the way the SP has moved lately we more likely finish up schit creek! If the SP cannot finish up on market up days its going to be a long wait to final results! Maybe we will be surprised at 3rd quarter update?

Government announced Ian Botham as new UK Trade Envoy for Australia? How is he qualified for this? I would have thought this appointment would have gone to someone who is very experienced in this kind of work, not a sport celebrity?

Glad to see you still online Brixton. Your comments bring another less serious dimension to the debate.