Millions of stupid investors out there in the UK at the moment. Millions.... you could hand them gold on a platinum platter for next to nothing and they still wouldn't buy it. We have had blow out earnings reports across orgs and pretty dismal / appalling share price reaction. Hsbc, Lloys, RBS and Barc announce profits of 20 billion and yet their combined value has barely nudged up a billion
PROFIT UP 100% PLUS SHARE PRICE DOWN The stock market is full of idiots - complete idiots. Anyone selling based on those profits needs a kick in the gonads. HSBC on track to rake in $20,000,000,000 profit. NaV per share almost $9.00 - c. £7.
I've stopped being surprised by phenomenal results and falling share prices. Doesn't make a jot of sense IMO. Seen it with Lloys, Barclays and RBS. When profits double - you expect at least a 10% rise on the day. But I don't even bother thinking anything. Hold £40k - will probably add.
Bank of America up 1,100% since financial crash in 2009. Lloys up just over 100%. In fact most US banks up 700, 800, 900, 1000% plus. Britain is so last century its unreal. It's status in the world has gone to pot!
Only the UK - only - where exceptional results are rewarded with a share price fall. Seems the rest of the world have decided the UK economy is going no where and investors in LLoys seem to have thrown their toys put because they didn't get a totally unrealistic dividend level. UK seems to have gone down hill for over two decades. Just look at any high street. Belfast's Royal Avenue looks like something out of Africa....
P/E ratio = c. 4.... Amazons much greater than 500.... Lloyds makes more profits than Amazon but Lloys valued at 32 billion whilst Amazon greater than a trillion....
someone said on this forum that the ahare price rise after last update was justified despite the awful results as it was in recovery mode. It went to £1.70 odd... i sold out at £1.55.... looks like it is heading to a £1
Terrible RBS update... billions made - just right the share price should go down... next time - please make billions losses... please please... then it will go up