RE: BoE rate cut in September š10 Jun 2024 13:13
Ls
''more hardship for Lloyds investors share price going sideways for longer''
???
Lloyds price per share is up about 35% in about 4 months.
Volume has been low for quite a while now. Valuations do not keep going up in a straight line. As I have said already, a current share price would have to be about 60p, just to be at the market cap of Jan 2022 with a share price of 53p.
Many influencing factors on Lloyds and the market, with base/borrowing rates being of more importance to some businesses than others.
Lloyds is currently lowly valued against assets and profitability
Any pause or dip in share price is beneficial for the repurchase programme.