Member Info for PortfolioPower

Last post was meant to include the link..

https://www.lse.co.uk/news/LLOY/sector-movers-lenders-and-industrial-miners-pace-gains-amid-search-for-yield-n939ei9wyqx2gge.html

Both Commodities and Financial sectors starting to break out

Both have been waiting for a long time for the move to start.

Rising SP into close near the high of the day.

Another bullish signal.

Chart is looking like a pure thing of beauty now.

https://www.tradingview.com/chart/?symbol=LSE%3ALLOY&aff_id=4009

Both technicals and fundamentals looking great here.

GLALTH

Timely reminder !

Even the naysayers aren't ruling out seeing £1 share price at some stage

https://www.fool.co.uk/2024/04/04/which-will-reach-1-first-the-vodafone-or-lloyds-share-price/

"using most common valuation metrics, it still appears undervalued."

"Its price-to-book (PTB) ratio is 0.82, which means its market cap is less than the value of all its assets less liabilities. And as the chart below shows, it was much higher before the pandemic. Based on its 31 December 2023 balance sheet, a PTB ratio of one suggests the bank’s shares should be worth 44% more."

They say £1 might be a stretch, but as demonstrated vs US banking peer P/E ration comparisons a SP in excess of £1.10+ would not fall outside of the sector 'fair valuation' metrics.

One thing they are all agreed upon is that this is VERY UNDERVALUED at present.

GLA

"I always said i wouldn't even consider to be out till 80p comes which I truly believe is absolutely reasonable and where is this share deserve to be, considering the current portfolio, fundamentals and general marker sentiment for banking. Lloyds will make a big come back and I truly believe the accesslation beyond 60p will be faster than people think."

@stockready1 - well said..

Looks like plenty agreeing with you on this one

-

80p -110p all with the range of upside consensus here now. as with many shares that are in recovery mode having overshot to the downside they more than often go on to overshoot to the upside as momentum carries them higher still.

As demonstrated the 110p range merely matches the SP to LLOY USA based peers based on existing metrics.

All to play for & looking good for a healthy share price re-rate from here

GLA

GDR has always been good for a news driven spike on the charts but generally follows a placing. .

Great for a day trade... although they did land an intra day placing during covid for 80p just at the SP touched 300p intra day.. !!

LLOY > Just at the start of a wave 3 move, technical confirmation both received and underpinned by the fundamental analysis revealing the present discount to book value.

Looking good for a strong re-rate in SP.

Not surprised to see the investment analyst upgrade earlier.

GLA

Wave 3: In Elliott Wave Theory,

Wave three is usually the largest and most powerful wave in a rising trend that moves through 5 waves.

Although some research suggests that in commodity markets, wave five is the largest move that fully completes the re-rate.

As wave three starts, the news is probably still a little bearish, (as was the situation with RR at the beginning of its rise) and some market players remain negative; but by wave three’s midpoint, “the crowd” will join the new bullish trend.

When we reach the midpoint of wave 3 the news is now turning positive and closer inspection of the underlying fundamental analysts start to aggressively raise price estimates.

Prices then rise quickly, and any dips are short-lived and shallow. Anyone looking to “get in on a pullback” will likely miss the boat.

Buying at the start of a wave 3 move once the technical confirmation has been received tends to deliver 'outsized gains' vs those initial moves up from the support levels seen in the first wave.

GLA

@ThefarEnd

I did post last week that I would be 'freeing up' some of my RR. which has had a good run over the past year having finally hit my SP target there of £4+ and P/E ratio of 14.82

That's enabled me to be able to scale in here.

I was buying RR. When it was at peak fear. But its moved into wave 5 on the charts so signalled time to start taking some off the table.

LLOY just at the start of a Elliot wave 3 move here. Accumating at the beginning of these technical moves is just how I prefer to play it. Especially as we have now received both technical confirmation of SP breakout for both LLOY and the sector.

GLA.

Q1 Earnings due in a few weeks time.

With an efficient market playing out it indicates that the participants are sensing Lloyds is a bargain on offer right now.

Morgan Stanley grabbing what they can whilst it's still below 65p.

Who am I to argue with them.

Wave 3 momentum is starting to build steadily now

All the technicals look good.

Still deeply discounted vs the fundamentals.

Time for a top up.

GLA

Even the naysayers aren't ruling out seeing £1 SP at some stage

https://www.fool.co.uk/2024/04/04/which-will-reach-1-first-the-vodafone-or-lloyds-share-price/

"using most common valuation metrics, it still appears undervalued."

"Its price-to-book (PTB) ratio is 0.82, which means its market cap is less than the value of all its assets less liabilities. And as the chart below shows, it was much higher before the pandemic. Based on its 31 December 2023 balance sheet, a PTB ratio of one suggests the bank’s shares should be worth 44% more."

They say £1 might be a stretch, but as demonstrated vs US banking peer P/E ration comparisons a SP in excess of £1 would not fall outside of the sector 'fair valuation' metrics.

One thing they are all agreed upon is that this is VERY UNDERVALUED at present.

GLA

Of the Top 10 US based peer banks all are presently valued with P/E ratios between a P/E of 12.5 to a P/E of 18 with the mid point P/E of 15.25.

Lloyds is presently trading with a P/E of 7 allowing plenty of room for the share price to put on some significant weight before it could be considered to be priced 'fairly' vs its US based counterparts.

The UK banking sector is long overdue what could be a major correction to the upside and should Lloyds SP continue the upwards momentum that has recently been seen to move toward a P/E ratio of even the low to mid priced US counterparts the shares would then be trading around 110p+

110p SP Target merely brings the SP in line with the average P/E ratio of the Top 10 US banking peers

Very undervalued here at present with some shorts still to close and buybacks fueling the SP rise over the months ahead.

Once all the Institutions have filled their belly's worth with the cheap SP entry on offer at present watch the outperform & upgrade ratings start to land over the coming weeks and months ahead.

GLA

ANTO - P/E ratio 30.36

anto***asta plc p/e ratio 30.36

There you go,

A new 52Wk High hit straight out the gate.

Yet Another bullish technical indicator recorded.

Every SP breakout indicator being hit now day after day.

Sector bouncing.

Can just continue to set new 52WK highs day after day after day after day from here on in.

Morgan Stanley just warming up the buybacks button :-))

Let the trend be your friend.

GLA.

Yep, very accurately sums up 'imaright' (spot the irony) and his underwater short crew they stupidly opened at 41p.

Quite funny when he pops in to just embarrass himself further :-)))

Hilarious in fact. Not very bright are these shorters eh?

Instead of quietly closing out and going long, they are basically just advertising how much they are losing by swimming against the incoming tidal wave.

With each post they advertise to all holders the severe torture they are undergoing each day (and night) now they are trapped naked and afraid on the short side. :-))))

haha.

Now begging for the market to help him close.

BEGGING!!!!!!!! :-)))))

As if.

Must be badly hurting as the desperation is palpable :-)))

Oh well... I guess there is going to be ALOT more pain for this particular stooge as the SP continues to trend upwards :-)))

Looking forward to the short squeeze even more now!!!

GLALTH.

Application process very straightforward

https://www.mmmd.gov.zm/?page_id=1097

BREAKOUT CONFIRMATION 2024-04-03

New 52 Week Closing High recorded today.

Sector pivot point also crossed

Both v Bullish indicators.

Right at the very start of a Wave 3 move

All the DMA's trending upwards.

Looking strong.

GLA.

Granted. The charts is only one tool in the kitbag

I use the chart information as confirmation of the technicals

Both the fundamentals, sector analysis & peer comparison analysis are also important

However with the majority of trades being made by the algobots, the charts are an excellent confirmation tool for price action

With daily rising support levels here now.

All the DMA's are bullish.

Looking strong here now for a decent move up