RE: Fantasy portfolio12 May 2018 11:10
Inspection of Lloyds shares under any basis of reality shows that it is without doubt away undervalued.If this was a new Share coming to the market by way of an IPO the price under consideration would be circa �1.10 to �1.30.Given it is a constituent of the footsie 100, pays a 5% dividend and is well funded with a p/e of around 8 currently all our Brokers would be ringing to extol its virtue`s and telling us it is a must buy going forward.The buyback would be featured as a positive and the PPI conclusion next year likewise.
Simply put this would be a no brainer.
We as shareholders are lucky to have it at this price and selling should not even be contemplated.So don`t.To those with time I say hold and then hold again.
The only negative I see will be dealt with in due course,and at worst it will only slow where are heading.Hence I will not state it.
Nobody sells a golden goose.