Member Info for RogueRiver

I bought in several years ago circa £16 and it has pretty much been falling ever since. With increasing online shopping, you’d imagine theirs would have been a story of steady growth in recent years, but the opposite is true. The sp is down over 50% in 5 years. I certainly won’t be adding.

If I had a pound for every time someone said “Surely it can’t go lower” then at least I’d have made some money from this car crash of a share.

Given their track record, we are more likely to see demotion to the FTSE 250 and penny share misery for years, amid waning dividends.

Be patient. Very patient.

"How cheap can this share get?"

It has been 'getting cheaper' for the past 10 years, so it's anyone's guess. Had you bought in ten years ago, you would now be sitting on a 68% loss. Even if you'd reinvested all the dividends since then, you would still be well down (taking inflation into account). Wimps is the exception that proves the rule of steady, long-term, blue chip share investing.

This has echoes of the 2014 Tesco accounting scandal. Tesco delayed payments to suppliers to help it meet its financial targets and later had to pay £214M in fines and compensation payments.

Hmm, that's what I thought - 7 years ago, buying-in at the then 2-year average sp. Having reinvested all of the dividends since then, I'm still down by 17.5% on my initial investment. Given their track record over the last decade, they are more likely to dive into the FTSE 250 and find new lows for the next few years, as the dividend dwindles. Good luck though. I suspect you'll need it.

The FTSE 250 beckons, followed by years of penny share malaise.

Nice rise today. Onwards and upwards. Meantime, back to a few bored old men arguing (in the wrong place) about politics...

Wimps will recover by the 12th...

of never.

What a surprise, not. After all, this has been one of the worst performing Footsie shares for years now (as long-term holders like me can attest). For those who have bought recently and think things couldn't possibly get any worse, I have two words: FTSE and 250.

Halleluiah. I bought in 2021 and my average is 200p. Having reinvested all the dividends while Wickes were sitting in the doldrums for nearly three years, it is good to see them taking off again.

My average is 242p. The divi is great. With dividend reinvestments I'm up 62% on my original investment. I certainly wouldn't pay more than 245p, given their glacial capital growth history.

I was considering buying-in today. Then I saw that I sold my entire previous holding 2 years ago at £13.89. The proceeds went into a 5-year fixed rate cash ISA @ 5.2% pa (with zero risk). It's easy to see why some people would rather put their money into savings than investments. Of course, attitudes will probably change somewhat, if interest rates keep falling.

"What no-one can argue with is that Lloyds took YEARS to get this far."

Who's arguing? It has taken Lloyds 5 years to deliver a 3.2-bagger for me. I can (and do) complain about the performance of certain holdings - but this isn't one of them.

"A much more exciting day for Close Bros, who saw another 6.74% rise. I wonder how long Lloyds will manage to stay at or above 80p?"

In other chart news:

Close Brothers shares are up by 9.3% in the past 12 months. Lloyds are up by 49% over the same period.

Close Brothers are -52% over the past five years. Lloyds are +192% over the same period.

Over the weekend, I was predicting that it would rally, but close below 80p on Monday. The 79-82p range is very acceptable for now.

Good to see the extraneous waffle being cleared out. What part of "Lloyds Share Chat" don't some people understand?

I won't be buying again. I'm getting very bad falling knife/Wilco vibes from this company.

I need 101p to make Lloyds a quadruple bagger. At that point, I might consider cashing in some or all of my chips.

According to the Financial Times, Lloyds have a 14% share of the car finance market, not 5%. The FCA estimates that the final claims bill will be £9-18bn. Simple maths therefore give a potential Lloyds exposure of £1.2bn to £2.5bn. That said, this is still a substantial de-risk for Lloyds, given that, before Friday's judgment, the market assumption of the worst case scenario was £4-6bn.