Member Info for maltaproperty

The critical area to monitor in the upcoming Autumn Statement is the homebuilding sector. Potential changes, such as a reduction in stamp duty, could significantly uplift sentiment among prospective homebuyers. This positive shift in the housing market could, in turn, boost Lloyds' share price, as it may lead to increased mortgage lending and financial activity related to real estate.

Could be worth a punt on.

It seems unwise to hold out at this price, in my opinion, especially when you consider the annual price swings ranging from 40p to 45p. For the sake of just a few pennies, you would be better off buying now and selling at either 43p or 45p, depending on the size of your investment.

Three Charts That Explain the UK Housing Market

Sales have collapsed, and it’s all about rising interest rates.

By John Stepek

https://www.bloomberg.com/news/newsletters/2023-10-30/three-charts-that-explain-the-uk-housing-market?leadSource=uverify%20wall

Alternatively, it may be the more evident reality that a significant portion of the population no longer possesses disposable income to invest in stocks and shares, primarily due to the escalating cost of living—a situation that Hargreaves Lansdown and AJ Bell might be hesitant to acknowledge to their shareholders.

It's a refreshing change to see someone posting relevant news for once. Thank you, Troajan.

Every other week, the banks are being reprimanded by the Chancellor for their own actions. It's only a matter of time before they face a windfall tax. If they follow a similar path as Italian banks, whose share prices have plummeted today, anticipate a potential 7% decrease in the stock price.

Https://www.telegraph.co.uk/investing/shares/questor-lloyds-bank-paying-investors-to-wait-better-times/

Low 30s would be a comfortable buying price with everything that's going on. Anything under 35p, and then I'll be looking to buy.

In reply to Longtimeinvest, that's your personal choice and decision. An investment based on a negative sentiment outlook isn't something I would recommend, but what you do with your money is your business. If I can offer a realistic opinion for investors to consider, then I will. I am not holding, therefore I'm not emotionally attached.

A recession is now forecasted to occur at the end of the year, and the housing market is on the brink of crashing. Consequently, it is expected that this stock price will plummet, leaving no positive outlook for this year. My advice would be to hold off and wait for the drop, which will likely reach the low 30s.

Nothing good about banks being bailed out. Tip of the iceberg.

Possibly, late 2023 or 2024. Global recession first.

"Go up! make me money!!"

Doubt it. My guess it will be down tomorrow. Might bounce back Friday.

News just in - Halloween fiscal statement delayed to 17 November

It wouldn't make sense to introduce a windfall tax as it would deter international investment into the UK economy. Would be a foolish move. I can't see it happening.

Just noticed, looks ok. The only negative that I can see which is expected "Bad debt provisions were £0.4bn, up from £0.1bn last year reflecting the “deteriorating macroeconomic forecast” but the banking giant said business failures remain below historical levels."

Will be interesting to how much Barclay's fair today. HSBC / Barclays are different from Lloyds but may give us a good sign for tomorrow. If Barclays drags Lloyds down today I might take a risk and buy. Could be looking at 45p+ but on any bad news this will drop below 40p IMO.

Lloyds share price forecast: Q3 earnings preview https://invezz.com/news/2022/10/25/lloyds-share-price-forecast-q3-earnings-preview/

Interest rate rises on bloated mortgage amounts could see households default, that's the biggest danger IMO.

Won't really see much of a difference until 2024 because 74% of people are on fixed-rate mortgages.

Looks like Q3 earnings will be overshadowed by windfall taxes.