Missing The Point11 Oct 2018 23:27
I don't get why so many on here keep attacking each other except fear and frustration at what is happening to the share price.
I see the holy trinity of wafer thin divi support mentioned; Lloyds, BT and Vod. Lloyds is a penny share A PENNY SHARE surviving on the ether of limited loan business. BT even with a monopoly on line infrastructure couldn't find their arse with both hands and a map and Vodafone has declined so much in real terms over the years that if its finances were your domestic budget you'd starve or be on universal credit while still buying that unaffordable Sky subscription.
People will see what they need to see to justify their stance and these divis and in the case of Lloyds maybe the prospect of serious capital increase.
What I struggle to understand is that few are prepared to accept on here at least that this is the norm now and that some sort of written conformation that new valuations may be here or even a correction and not just because it is around 10 years ago since the last fiasco of cowboy finance gamblers were allowed to hobble our country financially.
Are the answers in free cash flow, the dow, market makers, which way a share jumps in relation to the ftse,volumes, ceo promises or in the tea leaves, treasury yields, Italy's debt to gdp ration or trump and china each vying for power. Who really knows,no one,but one thing for sure is that when a downturn, recession, correction, call it what you want starts there won't be an advert on hoardings up and down the country warning people so they can make an orderly exit.
One absolute is certain and that is that the money system has been manipulated by credit subsidies of printing money.
Are people so wedded to this share that they might be missing the point.