Spot on . It is tiresome to read so many outlandish , extreme predictions ranging from the ludicrously high to the nonsensical low . Let us continue to plod along and buy into weakness in a realistic range .
Anyone out there ? I have been buying this from its inception and indeed from when it was Scottish Eastern (I think from about 1989 ) It has been extraordinary in its resilience to all the headwinds and I wonder if there are any other posters with it ?
It is impossible to call high or low in this market so I retain my strategy with all its flaws of acquiring small amounts at my pre-determined buy point .......raised from under 30 to 33 at the moment . It is interesting and informative to read soothsayers predictions but I am not skilled enough or confident enough to do that . Ultimately I want to hold 100k shares in LLOY . I am half way there with an average buying point of 47 .
So very well put . Dividend is a ship that has sailed . Top up on weakness and assume we will emerge from this crisis and rely on capital appreciation from as low an average as you can afford . If LLOY sinks we are all screwed anyway !!!
I am rarely lucky with timing but I bought in at 21 having sold at 128 last year . I bought because I believe they have a future and I have always liked their pubs as they opened in Scotland . I have had the opposite luck with other stocks like NSF and SPI !!
RE: The divi is not a bonus its earnings30 Mar 2020 16:38
Absolutely . I rely on divi for income and just as earners are being guaranteed wages so should those who have invested for income in companies who have done nothing wrong . Force majeur works for everyone .
I really wish I could predict the floor in any market . The word unprecedented is I think overused at the moment . My strategy is to buy smaller bundles on the way down and try to hit the floor with a reasonable average . Hope it works !!
I think a bid is unlikely in the present climate . I would hope that a general recovery in retail sentiment would be better outcome . Neither GKN or Whitbread a good fit . Keep the faith in the ability of Ralph and top up on weakness . I am in for a top up today .