Member Info for Kev7722

I’d urge some caution with trading between 5-7p... whilst it does look like a cyclical pattern the last was caused by a substantial 4p placing, followed immediately by positive news flow - that’s clearly not going to be the case every 10-15 trading days!

If your long-term outlook is considerably north of the current SP, but with sufficient volatility trade it upwards then the obvious approach is to trade a % of your holding, mitigating against you being out when the news lands

I'm always very wary of posters that have completely different views on a company depending on whther they are currently in or out...

If you've done your due diligence (which you really should have) then in the absence of any new external information your opinion on the future prospects of a company shouldn't change on a day to day basis... if you have formed a personal view of what the share is worth at this point in time then of course you might trade around that level, but you shouldnt be constantly talking yourself (or others) into, or out of the future viabaility of said company.

When an AIM-listed company announces a massive dilutory raise at a significant discount to current SP and it still doesnt drop to anywhere near your (c. 3p) average, then starts immediately following that up with positive newsflow I think there's good reason to be excited!

Good luck to all holders; including those that did their research and bought on the dip

skier1 - one of the worst investments in the history of stockmarkets?! How many small cap companies do you think have seen 100% of investors' capital wiped out over the years?

I'm well aware that LLOY (or any FTSE company for that matter) is far from a safe investment, hence the inverted commas. But stacking it up against say an AIM share larger multinationals are obviously viewed as lower risk/lower potential reward investments.

FWIW at this price the 7%+ yield and progressive divi policy makes it a hugely compelling retail stock purchase as far as I'm concerned. The advice about buying in traches is very good though and as others have said it provides mitigation against a SP that is currently in a downward trend.

I still believe that 60p plus will be achieved again this year

Honestly, yes (IMHO)… If you're looking to take a long term position then I wouldn't worry too much about trying to call the bottom of the drop and just take a position at some point over the coming days. I think it's highly unlikely that the SP wont have risen about 60p again at some point later this year, and a c. 25% profit, plus dividend payments, is not bad at all for a 'safe' share like LLOY

Was this a UT? If so it may be skewing the close price... I only ask as if that's the case we can expect this to open down tomorrow without all the hysterics that seem to come with it

Truth - to clarify, you are predicting a closing price tomorrow between 9.41 and 10.49? Being the range for a 5%-10% per day drop from 11.62p?

Hi All, only vaguely related but thought I'd post incase anyone has experienced a similar situation and knows the answer...

I top sliced here on the 2nd, with the contract date being today, with the intention to withdraw it from my ISA post-settlement (i.e. tomorrow). I've just exited another share entirely and given the drop here I'm looking to top up... does anyone know if the trading platform (AJ Bell) will allocate the cash for that top up in any particular order? i.e. if I don't top up with all the cash in my ISA will I still be able to withdraw some tomorrow?

I'm not desperate for the cash, so if nobody knows the answer I'm going to top up regardless and see what happens... just thought it was worth an ask

Allowing for the fact that the spready isn't great this has been traded sideways all afternoon... a marked change from all the action early morning

Agree 100% Bobat - mms are playing massively on the PI activity here... there's no stability in the price at all, they drop it by 8%, raise it by 10% immediately, the spread is awful... I'm sure it's doing the trick too, I think they'll be flushing out quite a few nervous investors along the way

He's trolling... clearly

Try telling Carillion that... I believe they'd actually resorted to selling assets off just to plus the dividend gap before it hit the proverbial

People like Breakfree are the ones that really ought to be banned from this site - it baffles me that the moderators aren't better at managing that and yet they'll happily remove legitimate and informative posts just because someone else disagrees with the conclusions and petulantly decides to report them

There’s c. 379m shares... you can reverse engineer it from the SP (10.5p) and the Macp (£40m) if you aren’t sure!

To be fair though the huge drop yesterday probably spooked a lot of speculative investors who suddenly saw their profits wiped out of found themselves heavily underwater... it's entirely reasonable to expect that now we've recovered a lot of that lost ground they dont have the stomach to sit in over the weekend

The overall trend has been positive all day - but the rise is being heavily sold into by traders, hence the resistance

Agree the spread isn’t helping here... this is begging to break 11p now

Yeah, you lost me when you claimed to sell at 15p... funny how people always shout about how they exited right at the top of a spike after the fact... what do you want? An imaginary pat on the back?!

Presumably companies like ESL will hedge their fuel to protect against volatility, so whilst a fall in oil prices will be good it may not have as much impact as you'd think... not a de-remap, the same would apply for a spike in oil prices

Why the assumption that the sellers are done? Both have reduced by 50% so are clearly selling in tranches. If the logic re-pension funds holds then surely Axa are still dumping stock? As others have said, this should push on once the big sellers are out but I’m not convinced that it will gap up tomorrow morning as others are claiming