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https://www.msn.com/en-gb/money/other/morrisons-set-to-reveal-grocery-sales-momentum-after-lockdown-boom/ar-BB18KDCY

Should push it above £2

Dividendchaser, DOW is made up of different types of companies than the ftse 100 and more money is being pumped into the US markets. In my opinion, the DOW will come under enormous pressure during and after the US Presidential Elections.
Worse case scenario is Trump losing to Biden followed by a judicial review on whether or not there was irregularities in the postal vote system. Trump has already alluded to that and asking some in one state to try and vote twice in order to support his concerns.
Forget any dividend, staying in cash for now is the most prudent way of protecting your capital. Just cannot see any drivers to reverse the downward trend in the Banking Sector.

Patrao, I sold out at 36p with a heavy loss. Already recovered it on one trade a couple of months ago. However, I am confident that I will make a profit in lloy but waiting for a change in fundamentals.
Last March I called 25p being the likely low but now reconsidering that view. Just cannot see a recovery yet when there is still more uncertainty regarding this pandemic.
Wish you all the best whether you stick it out or take the hit.

Wish you all the best Patrao. Hoping it comes good for you. Anything posted here is opinion and guess work. I sold out at 36p with a heavy loss so my rationale to buy was on reflection very poor.
Only done one trade since selling buying DTG at 200p and selling at 400p. If I was as smart as I think I am then I would still be holding. I have a target price here, if my order gets triggered then I will be happy. If not the ‘such is life’
Atvb

US stimulus may underpin the price and certainly a vaccine would nudge it up.
What you forget to mention is what the economy will look like post C19. Of course I see a future for lloy with a better MC but to buy such a huge tranche in one go is a big risk when investors in the UK ignore the affects the coming US Presidential Election may have on the markets. Can also see Trump crying foul play if he loses and add weeks if not months of uncertainty.
Only my opinion but if Trump had not thrown so much borrowed cash into the markets then lloy and many other companies would be much lower.
Not meaning to dwell on any ifs and buts or maybe, but investors need to know the potential rocky road ahead. Yes this will be a good investor playing the long game but if you are investing in the hope of a vaccine then there are other companies that will benefit more in terms of a bounce rather than the Banking Sector.

Turnpan, relaxation of the licensing law was not a good thing. I saw at first hand the pressure that drunks at 5am put the first responders under pressure. The A and Es are a war zone at that time of the morning especially at weekends. I had to take staff off day shifts in order to cover for the night shift.
Kids tank up on drink before hitting the streets and entering bars. Not to mention the anti social behaviour, damage to cars and property and the increase in assaults.
Tony Blair was a disaster for this country and that statement is from a labour supporter.
Never again will I trust any politician from any party. Only their own interests they represent.
Thank goodness I live outside of the UK. Our country deserves better.

All this talk of loans and Brexit is completely irrelevant imo. We have the US elections coming Q4. Whatever the view is in relation to lloy from the city, the sp and the markets will depend on the US election. A binary bet. Investors sitting on cash will be willing JB to win and current investors will hope and prey for DT.
Place your bets guys. That’s the reality of investing. At the moment Ftse companies may well be Aim companies drilling for oil in the Caspian Sea.

Asper to be fair the banking sector has just seen the back of ppi prior to the 2009 financial crisis and when there was a little light at the end of the tunnel COVID derailed the train. I think you underestimate the impact on the retail banking sector. You are trying to compare like for like when in reality we do not know when a recovery will come.
If you think it is next year then load up now.

Darth been saying the same since March when I sold at a heavy loss. Bull trap for many companies. Good and bad.

Jmc
Good post. It did dip below 2 during the day when Heapey bought. I know because my £2 buy order got triggered.
Since sold of course but still on on my radar as a good recovery share.

It did dip in the low 2s on the day Heapey bought his shares. This imo is getting into bargain territory given the market share the company now has in the Uk. I know further setbacks will come but is that now priced in?

Much better exodus. Post recommended :)

T/O rumour my backside. Some punter on LSE knows more than 'the city' or even the BoD's. Share price down over 10% since that comment. I would be embarrassed to post it unless I would be able to substantiate it.
Shame on you if any private investor takes you seriously and influenced a buy. DTG will come back into a sector with fewer players. Even IAG think a minimum of 5 yrs for passenger numbers to be back at pre covid levels.

Bouchas 'The bank of england has billions in gold'

Approx £280 billion. Not a vast amount when the final cost of CV19 is measured. We would certainly be in a better place if Gordon Brown hadn't sold half of the Bank of England's gold at $275 an ounce.

I just cannot see 45p in 2020. If the DJI was not being propped up by the US then the FTSE would be a lot lot lower. At some point our American friends will run out of ideas to artificially inflate the value of their companies which in turn will affect the MC's of British companies.
The ignorance of many people is making a second wave inevitable and the government will turn to Banks once again to withhold shareholder cash should any profit be made. Hays Travel and DW sports announcing job cuts yesterday. Who will it be today. Many of those employees will be LLOY customers. Only growing job market I can see in the UK are for delivery drivers.
LLOY may well recover to the 30s but 45p? I am not trolling or wanting pi's to lose their hard earned cash but equally I wouldn't want inexperienced investors thinking that the share price is going to rise 60% this year when the full impact of Covid has yet to be realised.

@ falkland
give it 6-12 months After that then life and
Economy will be as good as pre CV

Who are you kidding. Jobs losses are going to be huge, national debt at levels never seen before. Not forgetting Brexit. I worry for LLOY, purely retail will make it difficult to grow profits in a recession with a high chance of many people and businesses being unable to pay back loans. I think any recovery in share price will be many years off.

Watching from the sidelines but can actually see a few positives for MARS despite Covid. Of course they will take a hit but despite the negativity I can see MARS taking up some of the demand as small independent brewers go out of business.
I also think next year the British’staycation’ will be more popular as earnings get squeezed and the holiday companies still trading hike prices for overseas holidays.
Also have one eye on any increase or decrease in the number of shares out on loan for short selling.

Sadly that is ‘the market’ for you. You could equally argue that the share price valuation back in 2016 was too high.

Note to self' make sure you wear your readers when posting on a chat board.....

Falkland, 'Property Market is doing well, Houses in good/reasonable locations are selling if the asking prices are right'
I think that will change in the coming months. I sold all of my portfolio in preference of cash at the beginning of the crisis. With a loss in LLOY of about 30%. I did post my rational on this very bb. I have also been reducing my exposure to the housing market over the last 5 months.
Having been an investor in the 1990s crash I know from experience that money is to be made on the 'other side' of this crisis. Banks will be hit hard when the inevitable housing market weakens, investors are deluding themselves thinking that we have come through the worst. My only observation in respect of the Banking Sector is this, has the full impact of Covid already been priced in? I'm not so sure. I see many posts on here stating that they have topped up at bargain prices but in reality they are chasing a falling knife and failing yo acknowledge that they got it wrong the first time.
I see the LLOY comparison posted on here today, I could be selective and post my investments in comparison from 2015 and highlight what a poor investment LLOY is.
I know my posy wont go down well with many but pi's need to know when to walk away and when to come back. Having cash in the bank earning little or no interest is not always a bad thing, we all need a holiday sometimes. You can make it work hard for you when you decide to come back.