Member Info for Oppa

Hi Harry Cash. Yep I get all of that and can understand why investors may be disillusioned. I speak as someone who has just invested a modest amount in Saga at 46.8p. I think (1) They will benefit from the demise of Thomas Cook in their travel business (2) They are ahead of the curve in their fixed price General insurance product (FCA are all over those insurers penalising loyal policyholders) (3) Their customer data if farmed properly must be worth a significant amount. On the downside their brand for those approaching retirement now is out of date but you can’t have everything. I will selectively add at this level over the weeks ahead hoping for steady but not spectacular progress in the SP. GLA

If many of the last minute PPI claims are not upheld (and many won’t be), In my glass half full moments I wonder if Lloyds will have overestimated the total cost and actually end up with a surplus provision. This could be good news for shareholders!! We can only wait and see but Lloyds and its long terms supporters need a break soon!!

Taskmaster - Totally agree that macro issues are starting to signal problems in the global economy that will undoubtedly have an impact on Lloyds. However, PatsyC specifically linked the 52p price with next weeks PPI numbers. Simply doesn't make sense. Either way I'm in for the long term with Lloyds and will add on further weakness. GLA

Out of interest PatsyC where do you get 52p from?. You seem to suggest the market will be surprised by any further provision for PPI. Whilst it is certain to be higher than previous expectation a drop of 8p in the share price in your estimate is hard to justify. We know (and so does the market!) what to expect following RBS and Barclays updates and surely that is mostly already in the price. If you think I am missing anything, please let me know.

As a LTH with a fairly sizeable holding in this stock I would like nothing more than to see it progress from strength to strength from here. However, you don't need a long memory to recognise this share has a habit of disappointing its shareholders just as the Co seems to have overcome their problems. Whilst Brexit is cited as the main reason for the SP performance in recent months (and I agree), there are macro issues beyond Brexit that may see further volatility beyond 31/10. I would genuinely like to be proved wrong on this latter point!! GLA

I agree RR. Although some way off, a return to the dividend list will underpin the recovery of this stock too. Some uncertainty remains over the widely reported disaffection with Outsourcers but I am continuing to drip money into this stock on a regular basis as a LTH.

I read recently that Aviva want to reduce their debt by 1.5bn over the next three years. The sale of the Asian business might give them a good start. Hope to hear more about the sale well before the end of this year.

Agree Nuri. Am continuing to drip money into this stock until it gets back to £5.00 however long it takes. I understand those that think the company lacks direction. I'm hoping when they finally announce the disposal of the Asian business (soon IMO) it will be accompanied by more information on future strategy/plans. Then things may get interesting. In the meantime keep banking the divi. GLA

Big fan of this Company. Used to work for them in one of their previous guises and they are a great cash generator. Will continue buying for my income portfolio but also looking a good investment for patient long term investors.

Trek - Useful insight and your tactics for Mrs Treks pension are similar to my own approach to build an income portfolio. However, as a holder of L&G, Aviva, Lloyds and seeing the market in these stocks (particularly Aviva and Lloyds) over the last few months I am now belatedly trying to diversify my investments so I am not too reliant on banking/insurance stocks for future income. Time will tell.... Good job I am a patient man!!

LY - Replied to this on the Aviva thread

LY - Lots of variables to consider, but for a single male looking for an RPI linked income payable monthly it would be circa £7000 PA +. Figure will change if you put guarantee periods in, dependants benefit, different escalation rate or disclose health issues. www.moneyadviceservice.org.uk has some useful calculators for individual quotes.

Divi suspended in 2018 following its profit warning/rights issue etc. Might have to be patient on this one!!

Hold a few of these shares and have been adding regularly over the last few months. Will continue to do so up to about £5.00. Genuinely think they have been harshly treated due to no CEO and no apparent strategy. The "B" situation is another significant drag as well. Things could look very different after 29th March and when a new quality CEO is appointed with a plan. They are generating a huge amount of cash already and have scope to distribute more or acquire other businesses to fuel growth. DYOR and Good Luck to all holders on here.

OK lets see if we can get some debate going on the medium term prospects for our favourite bank. If we accept that Lloyds is generating plenty of cash currently and we are getting close to the end of the PPI drain meaning even more cash in the coffers in the future. How are they going to use their cash going forward? Extra Divis, Special Divis, More Buybacks, or acquisition. The big factor for me is the lack of growth opportunities in their core business and the need to continue a growth curve. I’m sure the Divi will grow and Buybacks may continue but my best guess would be an acquisition into their insurance franchise as one of the next steps. I have not mentioned Brexit as a factor as I don’t have a clue what will happen other than the world as we know it will not end as a result.....

SUF - Stick with it...I am sure once there is more newsflow with Lloyds the board will revert. This is my first post as a long term holder of Lloyds and I enjoy the debate about their prospects. My holding is relatively small compared to others (circa 102k shares) and I have gradually reduced my divi reinvestment to only 20% of the total. Using it principally for its income and expect SP could get worse before it gets better! Good luck to all who are reinvesting the divi in full later this month.