long term prospects are good5 Jun 2020 00:41
I do sometimes wonder why this thread has such heated debate as to whether we'll be seeing 20p, 30p, 40p or £1.
End of the day, I think all of us here can agree that the long term prospects for Lloyds are good. With PPI out of the way and customer debt being paid off at record levels, Lloyds have a lot to look forward to. We're all on the same page, we're all trying to stock up whilst the sp is clearly undervalued.
Although I'm optimistic that the price will start creeping up over the coming weeks, I very much doubt that anyone in it for the long term who bought in recently will see less than 100% gains on this in 18 months' time. The only thing that could slow this is of course Brexit and the potential for a 2nd wave, but the latter won't be anywhere near as bad as the first now we know how to deal with covid. Quite frankly on the case of Brexit, it is what it is. The market has had plenty of time to come to terms with it. Expect an air of optimism will come with a new year bounce back once the uncertainty of leaving the EU is out of the way.
Relax people. Enjoy the inevitable bounce back whenever it happens and the returns it'll bring.