RE: Stop panicking!1 Apr 2020 18:22
The problem is, LLOY "investors" have been saying "stop panicking" every year for the past 22 years... while the shareprice has collapsed -95% !!!
Some try to justify it by saying "look at the dividend"... But a 5% dividend in no way compensates for the -55% collapse in shareprice in the past 3 months. And, now, the dividend is gone, won't be back for years.
With UK GDP collapsing -30%, and house prices set to collapse -50% (bad for mortgages), the only way from here for LLOY is down. Look for 5-10p as the next stop.