Lloyds Banking Share Discussion Threads

[bobby semen] 29/9/2021 12:55

he makes Basil F look like Andy McNab

[troy holton] 29/9/2021 12:45

Bobby, yes I think you’re right. Sadly for him. I imagine he plays the role of village idiot in Torquay. A latter day Basil Fawlty perhaps!

[crazi] 29/9/2021 12:41

Where will the Lloyds share price go in October?
Christopher Ruane - The Motley Fool

After a sustained bull run, shares in banking giant Lloyds (LSE: LLOY) have had a lacklustre summer. While the Lloyds share price is 85% higher than it was a year ago, it has mostly been on a downward trajectory since the end of May.

Could autumn see a reversal in this trend? Here’s what I think may happen to the Lloyds share price in coming weeks.

Upside drivers for the Lloyds share price

While the Lloyds share price has been drifting downwards in recent months, I think the fundamental investment case remains robust. It has a strong position in its home UK market, where it is the leading mortgage lender. By operating under different names, such as Lloyds, Halifax, and Bank of Scotland, it is able to appeal to different customer types in a variety of locations.

While fintech is making inroads into UK banking, the large banking groups continue to be highly profitable. Lloyds numbers among these. In its half-year results, the company’s underlying profit topped £4bn. If half-year earnings per share of 5.1p were sustained across the full year, the prospective price-to-earnings ratio at the current Lloyds share price would be below 5. That strikes me as excellent value.

However, this has been true for some time. The half-year results did not lead to a sustained positive rerating of the banking giant. It is still the only long-term penny share in the FTSE 100. Additionally, there is no specific reason to expect positive news on Lloyds in October. If anything, I see a risk that concerns about economic hits such as supply chain issues could weigh on default rates by business customers.

Bearish perspectives on Lloyds

Lloyds has restored its dividend and returned to very strong business performance. But still its shares have been sliding. Why is that?

Various factors have dented enthusiasm for the Lloyds story this year, in my view. A shift in chief executives and its push into being a landlord has highlighted the potential for missteps as the organisation evolves. Additionally the large price gain in the past 12 months suggests that heightened expectations have already been factored into the Lloyds share price. To push the share price upwards, the bank may need to surprise investors with some positive news. That could include stronger than expected results, or a special dividend. A third-quarter trading update scheduled for 28 October could be worth watching.

Meanwhile, there remains uncertainty about how sustained the UK’s economic recovery from the pandemic has been. If it shows signs of stuttering as employers move beyond furlough and emergency support schemes, that risks higher default rates on Lloyds’ mortgage book.

I’d buy at the current Lloyds share price

So I don’t see particular reasons to expect wild swings in the Lloyds share price in October. However, I do see the recent fall in the Lloyds share price as a buying opportunity for my portfolio. It is a well-run, profitable business in a durable sector. I think its long-term prospects remain solid, and the restored shareholder distributions could be raised further in line with the bank’s progressive dividend policy. Any fall in October could be a buying opportunity for me, as I am happy to buy and hold Lloyds in my portfolio for years to come.

[bobby semen] 29/9/2021 12:32

Troy - he's too thick


fact

[crazi] 29/9/2021 12:24

Does sound like a rate hike is coming soon. Banks will happily take the boost...

[winston wolf] 29/9/2021 12:04

Had it ever occurred to you that the EU were treating us like c*nts and the British electorate finally had a chance with the referendum to tell them so.

[arja] 29/9/2021 12:03

just ONE example . It is a FACT which you might be into !


hxxps://www.politics.co.uk/blogs/2019/05/07/disenfranchised-how-eu-citizens-were-stopped-from-voting-in-the-european-elections/

[arja] 29/9/2021 12:00

so many who would have voted to remain were disenfranchised as you should know . Such is our so called democracy !!

[arja] 29/9/2021 11:59

wolfie ,
FFS you know what I mean . It was well documented and what have you won ? I know you can not give one example or maybe a blue passport again if you are infantile .
Listen to James on LBC and you would learn something - many were conned by right wing rags !

[winston wolf] 29/9/2021 11:54

...but not fraudulent if the remainers had won.

[arja] 29/9/2021 11:52

why to respect such a referendum ?

[arja] 29/9/2021 11:51

wolf,
NO , it was a fraudulent referendum and a PV would have reversed it which was why TM and the brextremists fought so hard to stop a PV happening .

[arja] 29/9/2021 11:49

Tygarreg,
Of course we do and I gave an example . I know for sure that you can not give an example of why you hold the moral high ground . Come on sport - I am waiting ?

[bobby semen] 29/9/2021 11:33

352724 :-)

[psychochopper] 29/9/2021 11:24

Mind you, pictures (or screen savers) of aquaria have a positive effect in line with the real thing. You generally have to pay for them too.

[scruff1] 29/9/2021 11:08

Goes without saying arja and MB think its a great idea - me dog does- she would love it if they had pictures instead of them fireworks, they do her head in.

[mikemichael2] 29/9/2021 11:03

Min's just warming up, won't be long now!!


!

[geckotheglorious] 29/9/2021 11:02

Tygarreg
Post 352717
"Remainers are those who think about others"
What totally deluded and divisive talk to think you hold the moral high ground


Hahaha exactly. Only thing Remainers think about is their own pocket!

[scruff1] 29/9/2021 11:01

Oh aye and you have to pay to go and see it FFS

[bobby semen] 29/9/2021 10:56

come on vermin

your nappy has been changed and you have stopped crying for 60 seconds

come say hello to your family

be nice now