Member Info for hardup

GS downgrade sticks like schit to a stick!

Brixton
I would imagine there will be plenty jump well before 99p LOL.

Will there be a small uptick in SP this week solely because there is a new CEO taking office on Monday? I would have thought it will be static pending he having started and made an announcement on special dividend and/or buyback. If he takes office without promulgating any information of share holder rewards I think price will fluctuate around these levels to the day traders delight until February next year.

Brixton,
WW made a valid point regarding the animosity of share holders towards the BOD about the withheld 2019 final dividend. But the point you made was spot on as well, in the current climate and still a certain amount of uncertainty, the BOD should be prudent and cautious when setting dividend levels until there is clarity on the economic outlook. You should not be obliged to apologise for stating your opinion if other members opinions differ.

RickEngland
Apparently dividends are paid on ex div dates for spread-bet investments.

Morning Wids
"besides, who listens to analysts"
Seems that a large number of people listened to GS yesterday? In my eyes people only listen to the brokers on downgrades or the SP would be 50p - 60p range by now?

I still find it hard to take in why SP reacts so drastically to one downgrade yesterday from a broker with a shady reputation such as GS, when there is so much positive vibes from several other brokers; JP Morgan, RBC, Deutsche saying SP will zoom above 55p, with no reaction? The below was released yesterday as well as the GS downgrade.
https://www.investingcube.com/lloyds-share-price-is-set-to-zoom-above-55p-rbc-jp-morgan-deutsche-shares/

Decent gains on Wall Street yesterday. Hopefully Lloyds can shrug of the GS downgrade today and claw back yesterdays fall. We just have to sit tight now awaiting the next update regarding how excess cash is returned to share holders. Although some are hoping the new CEO will "throw the dog a bone" when he starts, I think general consensus is we will have to wait until final results 24th February 22. Only 8 days now until he starts so lets see.

"I don't think brokers should their opinion public as it always seem to effect the share price. I don't personally take any notice"
I would disagree with that; it seems to me the SP only reacts downwards when the brokers downgrade a share, as has happened today. But when brokers upgrade SP never seems to get anywhere near the upgrade broker price. Goldman Sachs commonly referred to in the financial world as the "giant vampire squid", have a reputation for this kind of tactics to drive down the SP of a company for an entry position. Investors in ITV certainly claimed this last year when they were on the receiving end of GS attentions.

Afternoon livestock,
My comments are based on daily observations of the markets. It seems to me MOST days the DOW has a down day, FTSE follows. I watch the FTSE movements daily from run up to Wall Street opening, and after Wall Street opening and it appears to me the FTSE takes it's direction from DOW most days. Just my observations IMO.

Shal1000
"here is an exercise for you work out the correlation coefficient of the FTSE 100 against the DOW Jones, Nasdaq 100 and SP 500. Which one is closer to 1? I'll take your word if DJ 30 is a better match!"
Sorry mate, all that technical stuff is WAY above my head lol. My comments are based purely 100% on what I see happening most days on the markets. All IMO.

shal1000
"why do people compare to the DOW"
Is it just coincidence that FTSE movements seem to do whatever the DOW does MOST of the time?

"only back to where it was on Friday"
Could get worse though if Wall Street has another bad day. DOW futures currently up around 49 pts, hope it continues up this afternoon. If it takes a dive could see SP sub 45p by close of markets today.

FTSE and banks trending down from10:30? Have those in the know gotten a whisper about BOE Announcement at 12:00?

Goldman Sachs have not changed target price, it was and still is 45p. But they have changed the narrative from "neutral" to "sell". The majority of broker forecasts are between 53p to 60p. But it seems SP only responds to broker forecasts on downgrades, never on upgrades? Why is that? I think it fair to say Goldman Sachs do have a reputation for playing markets for their own agenda. I remember on the ITV BB last year when the ITV SP had fallen to 55p - 60p region several posts were made commenting on Goldman Sachs blatantly "manipulating" the market to get the ITV SP down. All hear say, but just saying.

If you don't wish you don't get :-)

My previous post "otherwise SP will be stagnant until May 22" should read 24th February 22 (2021 final results day)

Looks like closing price yesterday around 47.2p. So opening price today should be around 46.53 IF market in general does not fall on opening following on from Wall Street down day yesterday; FTSE futures at the moment slightly down. If the market does fall on opening then opening price hopefully will be between 46p and 46.53p.
Will the new CEO will start in a blaze of glory on 16th August or shortly after and surprise us all pulling a white rabbit out of the hat with news on share buy back or special dividend, which would boost the SP? Otherwise SP will be stagnant until May 22. IMO

Yes Ex div today.

Considering DOW currently down 236 pts FTSE and the banks, including Lloyds, are holding up well?