Member Info for Sekiro

https://www.fool.co.uk/investing/2020/06/03/is-lloyds-the-ftse-100-bargain-you-need-to-buy-today/

You forget that many businesses will collapse and not in a position to repay loans granted. Covid is still there although everyone act like that it's problem solved... Economy is a mess and might take ages to recover. And last but not least no-deal Brexit looming with the stupid team in charge... Not what I call great prospects ahead...
Hoping for a market consolidation enabling SP to go back to say 29-30. Might jump in then. Too f**** bad I missed the window whilst I was stupidly looking at it...

I've been a long time holder of Lloyds too (should have never come back to it though in 2015...). Stuck since then with a very large stake. Selling now would be an absolute disaster for me. Can't resolute myself doing that. I'm thinking instead of lowering my average price to get out when the SP will hopefully bounce back to 60p... That's the new target I have in mind now (before was 100p...). Will take some time but hopefully it's achievable mid term. Any constructive thoughts welcome!

Victor, I've done exactly the same mistake... Expecting to buy around 28p and missed the boat. Cost me about 20k... So ****ed off with myself u can't even imagine... I still (want to) believe the SP can go back to 29p though. There will be a stop to this crazy and stupid rally. There's nothing justifying it except FOMO... The prospects are still awful like hell!

Still think and hope it will go back to 28/29p so I can reduced my average price to around 60p... I'm in since 2015... Should have sold before but... was blinded by dividend recurrence...

You really think SP will go back to 29p?

Seismic,
The worse is yet to come and that is factual. The virus is still fu###g around... How many companies will go bankrupt? Unemployment will rise like never before. The cost of risk for banks will inevitably rise (only question is to what extent...). Add to that bloody covid impact the bloody brexit one... I really can't figure out how on earth the markets can be priced at current levels! It's just insane...

I see it going back to 28p. There is no rationale behind the recent market rally. Looks like a perfect bull trap to me. Any thoughts?

Stupid me... I tbought it would go lower than 27p...missed the opportunity to jump in...

Same here... Hoping to see the 60p mark soon enough hopefully...

Was hoping it would go back to 27/28p to add up but I missed the occasion... Will it go back there or not... That is the question.

I sincerely hope the SP will get back to late 2019 levels and even higher if it successfully overcome the covid crisis. I trust LLOY could shine after this and really become The preferred stock in the banking sector in the UK and top tier in Europe.

SUFCESSEX/Otto - You seem to be bullish for LLOY. I've been investing since 2008... All good until I was hit Hard by Brexit vote in 06/16... I bet the win would be the outcome... Too bad! I am struggling since then with a large exposure and an average price which is very far from current SP. I plan to reduce my average price with a large top up below 30p but fear it might go below 27/28... The lower I buy the best obviously. Look forward to get my money back in the long run hopefully...

Absolute failure of BoJo's team who proved their absolute incompetence! Did he not promised (sorry lied) that he would save the NHS? Even won Brexit election thanks to this lie! COVID just proved he did absolutely nothing... Costing the lives of so many... He miraculously survived it thanks to guys that he wants to see leave the country... If gov was a private company BoJo and its bunch of stupid, arrogant and clearly Incompetent chaps would have been sacked right away !!! But hey, here no worries! They can keep doing crap costing lived to hundreds of people everyday (!!) while lying to the people saying they do the right thing... They deserve to be prosecuted!

Who says the bottom has been reached? Given the dreadfull economic situation we're facing I'd think it can go lower than 27p before recovering up to 30p or above.

Was not expecting that at all... hoping to see it back below 30p to buy more... It seems I lost that opportunity now. Will it go back to the 30p mark?? Really can't understand how and why markets are that high given the bloody mess we are in!? It does not make any sense at all!

Lloyds is and will be... Contrary to this bloody Chinese virus. It's the main UK bank and one would argue the best bank of the country by many ways. I can't see it staying at such a low valuation in the long run. It's in a Far better position than it was in 2008 before acquiring HBOS! Current valuation does not at all reflect that!! And I look forward to the day the market Will at last realise that... With a massive opening gap! That day will come, I'm confident it will!

Nash2020 - thanks for sharing your technical analysis. Can you share your chart with us showing that triangle ? Thanks

SUFCESSEX - thanks for your reply.
The share may top the 10yrs bottom as you say but one thing I do know and trust is that LLOY is much stronger than it was 10yrs ago. Just a pity it gave up so much on that bloody ppi scandale... Otherwise It'd have been fantastic! Hopefully the cov hit will be limited ; in any event the cheap access to financing granted by the BOE will clearly help mitigate it and the bank will also raise LTV and other guarantee requests on new loans. All in all, like I said I believe this is one to consider for the long term.

If you already hold shares like me, now is the time to lower your average price. Bearing in mind the long term holding horizon.