I am not sure why but historic reasons October is one of the best months for shares to rise , Lloyds is in a good position to get back to new highs , Lloyds making a lot of money now ,
If Lloyds spent £1.2 billion on the next share buyback it would take 2 billion shares out and only dent their money pot with the amount of cash they have ,
agreed but there wasn`t the news that there is now , so maybe a different story so lets hope and fingers cross the yanks are getting seeping news of ITP sale ,
It is a no brainer , any shares come on the market Lloyds will just buy them whatever price , SP could easy hit 70p plus when it starts , I am sure they will do that than give an extra big divi .
to be fair it wouldn`t be out the question for Lloyds to go up a penny a week for a few weeks to correct it`s share price as the money they are pulling in now is going way into the billions , next half year update and what they have in the bank could end up 7 - 10 billion in the bank .
The way to think if this is a good buy at the moment , look at the 2 year chart next to share chat , once ITP sale happens it is a a no brainer because the company can operate easy with the debt it has