Why do people compare to the Dow lol. An index made of 30 stocks and not even weighted. Its doesn't represent how stock market is really performing. Comparison should be with nasdaq 100 or sp 500.ps the Dow is very much influenced by the share price of apple DYOR
It's strange when people still saying why has it dropped by more than ex div amount. They forget to read other people's post and asking the same questions over and over again. Like I said and as cmc spread betting app news stated - Goldman Sach has cut the target price from 50p to 45p. Don't agree but that's the main driver behind it.
RE: Upgraded analyst ratings / forecasts05 Aug 2021 09:31
First of all I know market cap and share price is equivalent. But when comparing similar companies best to talk in market cap. Secondly Wells fargo in USA is equivalent to Lloyds. They have 1.8 trillion dollars of AUM, Lloyds has gbp 800 billion. Market cap is 180b usd vs 30b gbp. Therefore we should be around 80b gbp. Even with a 50% risk allowance we should be 40b minimum - so around 60p a share minimum. They are very rough calcs with alot of prudence to show that we way below worst case scenario. Lloyds also showed very good results last week so no reason why we should be falling in value than increasing.
RE: Upgraded analyst ratings / forecasts05 Aug 2021 08:53
Although I'm the bearer of the bad news I don't believe their forecast at all. With those results last week it should be north of 60p by now and that is mega cheap for such a large Bank with with cap of 30b. Banks of this size usually worth 100b over in the USA!
Just create an account with reddit. Once joined just follow or search for r/HarbourEnergychat and join the discussion.
It was created by some ex lse poster 6 months ago and started for the same reason as me. The reason many of you can guess and sympathise with me and lots of others. I will contionously posting relevant information and insights on a regular basis. It would be nice to see the really good posters that I have enjoyed their insights to be on there especially soder, plebens and pearls to name a few. Friday will be an awesome day with the FTSE 250 inclusion. GLA.