Tradefair & Financials
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Expecting to be shot down in flames, but here goes.
I hold 100,000 Lloyds shares at an average of 48.25p. The current share price (11th June 2011) stands at 47.00p
Many shareholders are extremely critical of CEO António Horta Osório, and who can blame them after suffering almost a 25 percent decline since Mr O took the black horse's reins on March 1st. My personal view, however, is that he is taking exactly the right approach for the future strength of the bank; getting all the shít he inherited out in the open and starting afresh.
If the share price dips below 45p I will be buying anther tranche. I predict somewhere north of 60p by the autumn.
All views welcome.
I hold 100,000 Lloyds shares at an average of 48.25p. The current share price (11th June 2011) stands at 47.00p
Many shareholders are extremely critical of CEO António Horta Osório, and who can blame them after suffering almost a 25 percent decline since Mr O took the black horse's reins on March 1st. My personal view, however, is that he is taking exactly the right approach for the future strength of the bank; getting all the shít he inherited out in the open and starting afresh.
If the share price dips below 45p I will be buying anther tranche. I predict somewhere north of 60p by the autumn.
All views welcome.
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Have bought at 47p
Still gutted i missed the Original dip in 2009 but i can't really see too much of a rise The longer they trade so low the less optimistic i'll become but hope for a late year rally too Things are different this time around though and they're really worth ... about 22p imo Good look with your 100k though  |
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Personally I wouldn't touch any bank share with a bargepole.
Who knows what is really going on in these institutions.? Transparency it sure ain't. |
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When the sovereign debt defaults begin then they will be 22p
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You should be OK because they have a magic carpet. They can sweep bad debts under it.
They have a £66bn bad bank. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8236060/Andy-Cumming-interview-Theres-plenty-of-good-in-a-bad-bank-if-you-look-hard.html Although it says £300bn in here http://ftalphaville.ft.com/blog/2011/01/10/453391/next-up-for-barclays-a-bad-bank/ They are now taking equity stakes in failing companies like HMV because they cannot pay their loans. http://news.sky.com/skynews/Home/Business/British-Taxpayers-To-Become-Shareholders-In-HMV-As-Part-Of-Rescue-Package-For-Ailing-Retail-Chain/Article/201106116006972?lpos=Business_First_Home_Article_Teaser_Region_0&lid=ARTICLE_16006972_British_Taxpayers_To_Become_Shareholders_In_HMV_As_Part_Of_Rescue_Package_For_Ailing_Retail_Chain The FSA say banks have switched lots of people onto interest only loans because they cannot afford their mortgages, even though interest rates are low. So I assume Lloyds have as well http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8546531/Cash-strapped-families-switch-60bn-worth-of-mortgages-to-interest-only.html I'm sure if any gambler on here could ignore their losing bets and just count the winning ones they would do very well. What could go wrong? |
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Transfer of wealth from West to East is the big problem for Lloyds. They are behind the other UK (rApist) banks in my opinion.
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I would dump them sooner rather than later. They have significant exposure to Irish debt and the banking sector will be hit hard as the Eurozone continues to implode.
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help
1. trying to be clever i brought lloyds shares at 1.30 2. 2 weeks later they were 30p 3.they had 2 rights issues since then missed the both because being sick now 8k down wht should i do |
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@ Rollo Tomasi
I have a mortgage with Lloyds with very good LTV (around 40%). Asked to switch to interest only and they wouldn't let me, although did extend term of the loan. I hold several thousand shares myself, similar to you bossman. I'm sitting tight for now although can only see the share price going lower for the foreseeable. |
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Lloyds TSB shares are toilet paper. Sell them now while they are still worth something.
Sitting tight for what? Ireland and Spain to default? The UK housing market to implode? Don't take my word for it - do some research and you will see. |
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Quite an eventful week for Lloyds it must be said.
As anticipated, though, Mr Horta Osório's stragic review has turned the tide in the SP's favour. An update on my position: In addition to my initial investment of 100,000 shares at 48.25p I followed through with my intention to purchase a second tranche (as stated in the original post) of 100,000 shares at 43.25p to average down to 45.75p. The current SP stands at 50.75p (1st July 2011). My plan remains unchanged: I predict somewhere north of 60p in the autumn. |
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Bad few days for Lloyds (and the banking sector in general) given the sentiment over Portugal's downgrade.
SP currently stands at 47.92p. |
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Would rather put money on a blackjack table than in this company at least you can see what is happening,Lioyds and RBS should be going to vegas with penn and teller,the smoke and mirrors they perform.
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Call me sinister but wouldn't they all be quite happy if the stock crashed
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20:00 July 15th (Reuters).
The European Banking Authority (EBA) on Friday released detailed information on 90 banks, such as how profitable they expect to be under a two-year recession and their exposure to sovereign debt. Here are some key details on top banks in Britain from the data, which the EBA said has been reviewed for consistency and will provide "unprecedented" transparency on the industry. Some banks and officials opposed the release of confidential data. Banks listed in descending order of exposed debt. NET DIRECT EXPOSURE TO GREECE: RBS: 1.16 BILLION EURO HSBC: 1.18 BILLION EURO BARCLAYS: 93 MILLION EURO LLOYDS: ZERO NET DIRECT EXPOSURE TO IRELAND: BARCLAYS: 407 MILLION EURO RBS: 402 MILLION EURO HSBC: 144 MILLION EURO LLOYDS: ZERO NET DIRECT EXPOSURE TO ITALY: RBS: 4.65 BILLION EURO HSBC: 4.45 BILLION EURO BARCLAYS: 2.92 BILLION EURO LLOYDS: 32 MILLION EURO NET DIRECT EXPOSURE TO PORTUGAL: BARCLAYS: 1.17 BILLION EURO RBS: 208 MILLION EURO HSBC: 140 MILLION EURO LLOYDS: ZERO NET DIRECT EXPOSURE TO SPAIN: BARCLAYS: 5.496 BILLION EURO HSBC: 574 MILLION EURO RBS: 379 MILLION EURO LLOYDS: 62 MILLION EURO |
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Latest price 43p.
Another very poor week for Lloyds investors despite the encouraging stress test results printed above. I'm still holding 200,000 shares at an average of 45.75p. |
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It's those "encouraging results" that are precisely the problem. There's been some nice pieces published in the Telegraph by Harry Wilson about the non-stress stress tests the last few days, you should try to see if you can get your hands on them. And it gets worse from there.
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Is this seriously the best investment you could find?
I wish you the best of luck, but I fear this is going to turn out like the guy who bought BP at 545p on the way down. |
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No, sir, this holding represents only a fraction of a diverse portfolio.
Very few benefits to be gained from aftertiming, however, so merely chose to publicise this particular stock as it represents my most recent investment. Many thanks for your contribution and good wishes. |
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Half year results coming up this week - Estimates of a loss of £3bn
 Can't see that helping the share price. |
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Indeed.
I'm suffering a terrible run of misfortune lately. I thought my luck had changed last week when I found an unopened wage packet in the street, but the lazy bugger had taken three days off. |
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lump on imo
but you will have to take a long term view. |
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35.4p
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bank of america shares tanked ---contagion everywhere
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28p
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remember when i thought £2.50 was a bargin
got out at £2 a falling knife is painful |
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this is heading to 10p
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hbos has destroyed this bank.
on a similar note, someone bought $2 million bank of america $4 november puts the other day. currently $6.98. |
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i think long term is defo the view here.
short term lloyds knew they were taking on huge liabilities with hbos. they did the moral thing imo just be patient and reap the rewards in a few years. |
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I am done over too, I bought alot at 36.34 will be lucky to hit 37p a share for a few months or years :(
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I doubt that Lloyd's action's, re HBOS, were based upon morality.
Self-preservation, is a much more likely explanation. |
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Just thought about approaching DRAGENS DEN i stick my 200k in each of them do the same, form a bank we then offer the MUGS attractive interest before withdrawing our investment in full lets say wages,then invest MUGS money in any forthcoming ideas.HEADS WE WIN ,BONUS TIME, TAILS WHO F---ING CARES any body care to join in
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One of the worst book's that I have ever read, in my life, was one called rich dad, poor dad.
Very early on in the book, the author stated that no matter how badly your business was doing, you should still pay yourself a wage. I stopped reading any further, at that point. So many of our societie's current financial problem's can be traced back to that sort of insane and corrupt thinking. |
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even the ceo has thrown in the towel now.
He looked into the abyss and didn't like what he saw imo!! R.I.P Lloyds, a good bank ruined by hbos. Gordon brown has a lot to answer for imo. |
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my word. only up from here? lol
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The Lloyd's boss moved the insanity up a notch.
Make sure that you get a Golden hello , then pay yourself a wage, before they realise that you are not up to the job. Job done from his point of view. Game over from mine. This is nowhere near good enough thinking to have any real,long term, sustainability. Buy to let was bad enough and still is. Now, it just get's worse with very move. |
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The Lloyd's boss moved the insanity up a notch.
Make sure that you get a Golden hello , then pay yourself a wage, before they realise that you are not up to the job. Job done from his point of view. Game over from mine. This is nowhere near good enough thinking to have any real,long term, sustainability. Buy to let was bad enough and still is. Now, it just get's worse with very move. |
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IMO Lloyds was a well run bank; Not paying lunatic bonuses, sharing profits with shareholders, and not prone to the mad lending that did for RBS, Northern Rock, and HBOS.
The merger with HBOS seemed to bypass "legislation" on monopolies; and as far as I could see was done pureley to save HBOs after the taxpayer had saved the other two basket cases. Instead of one poorly run bank biting the dust; we are now seeing a relatively well run bank dragged down too. Thank you Gordon. |
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06 Aug 10 PokerDane's
An update on my position: In addition to my initial investment of 100,000 shares at 48.25p I followed through with my intention to purchase a second tranche (as stated in the original post) of 100,000 shares at 43.25p to average down to 45.75p. Today they are 22.70p so 50% less. Another bet perhaps? 200,000 at 22.70 to average it at 34.22? |
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when the uk housing market collapses these shares will be worthless.
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