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Yes most UK stocks are traded rather than treated as investments - since they're not. Can only make money if you trade the swings, but a lot of the time dips don't recover or at least takes ages to do so. One loser requires at least 3x winners to make up for it. BARC looks like a top up at 140 but then it'll probably go to 120!
Sold out today as the sp decline exceeds the dividend.
My thoughts are simply that the UK is a dead duck. All my UK stocks are in the red vs all my overseas funds (mostly US) being in the black.
It's really all about what the city thinks.
Sfor has fallen steadily at a rate of about 13p/month for the past year. Still think it'll bomb out in some way at around 6-10p.
Even Vodafone haven't declined at that rate. At least it pays a dividend. But again the city hates it.
Sp is 20% down on this time last year.
Question is whether it will sink lower or come back? 38p or 48p in the medium term?
LLoyds isn't a growth stock and is a kind of bellweather for all the ails in the UK economy and more.
Directors either know the sp will likely fall further or are being prevented from buying for some reason or other.
It seems to me that day trading is what keeps the sp at or around this level. Given the spread it's a gamble putting on a buy.
We've now busted through £30. Still an undemanding valuation at this level.
SKG is expanding. The american business will hopefully mean more revenue and profit to come.
£35 doesn't seem an unreasonable tp. 3 years ago JPM had a tp of £41 so I guess we're still crawling out of the pandemic malaise.