Lloyds Banking Share Discussion Threads

[scruff1] 04/4/2024 19:51

Everything rises from the dead at Easter - even Lloy. If Rishi wasnt a Hindu or whatever he says he is he would have known this and had a snap election.

[yump] 04/4/2024 19:49

If you ignore the golden cross and just look at the chart in December, its obvious there’s been a significant change for the better that isn’t just a spike in the same pattern as all the previous ones.

Its just that giving it a name adds to the pseudo-science.

The question is where is it going and why ?

[freddie01] 04/4/2024 19:37

With a rising share price and the possibility of interest rate cuts, provided they continue to increase the dividend this will start to look a lot more attractive.

My last purchase at just over 40p is going nicely. My overall average of 61p still some way off though.

[leas1] 04/4/2024 19:24

@ carping Previous buyback schemes didn’t seem to have the desired affect on the share price, despite the fundamentals changing in relation to the number of shares.
However, this time I think the trading environment is very different.
Confidence has returned to the British banking sector with some institutions increasing their holdings by an average of 20%. The NAV to MC is about 10b so still very much undervalued and imo the ‘normalityR17; of higher interest rates are here to stay.
Again, just my opinion the combination of the above and the buying of it’s own shares is pushing the share price towards a level reflecting the fundamentals.
Broker upgrades are also helping support investor confidence.
This time round the shares are in stickier hands now and those shares being offered to the market are not being sold at a discount.
Another thing of note is the current yield which is expected to increase over the next couple of years.

[carpingtris] 04/4/2024 18:43

Anyone think the buyback is helping??

Just reading across the boards over time and lots of folk dislike them?

Might be helping here and didn't hurt BAE's share price

[hardup1] 04/4/2024 18:17

After 28 trading days, buyback complete to date:
Total shares to date........................593,628,849
Aggregate cost to date... ..................£291,315,533.37
Average price paid to date..................49.0737
Percentage of £2 billion buyback completed..14.57%

[hardup1] 04/4/2024 18:14

Yes it was but I had to make it 9 thousand men for the question. 😇

[skinny] 04/4/2024 18:13

Wasn't it 10 thousand men..... I'll get me coat.

[hardup1] 04/4/2024 18:06

"What happens at 9K?"

Oh, the grand old Duke of York
He had nine thousand men
He marched them up to the top of the hill
And he marched them down again

And when they were up, they were up
And when they were down, they were down
And when they were only half-way up
They were neither up nor down

[chiefbrody] 04/4/2024 17:59

What happens at 9K?

[skinny] 04/4/2024 17:56

At least the FTSE is looking at the all time high - which I have as 8014.31 on 20/02/23.

There seems to be plenty of positives for the likes of LLOY in the mix currently and for the first time in a decade, I'm thinking of adding here.

Usual caveats - macro economics, armageddon etc apart.

[jl5006] 04/4/2024 17:55

WEF UN NATO
All employing thousands of ppl telling us what to.
Appointed by ??? please tell me
Given we are overrun by useless civil sosos and useless Mps
There can never be a peaceful solution - US will ensure that.

[smurfy2001] 04/4/2024 17:48

FTSE needs to get to 9000 otherwise the UK stock market isn't going anywhere.

[jl5006] 04/4/2024 17:28

CRY just ask them
Nothing to do with the malaise of the whole UK business
Everything that could go wrong has been the result of a party that has utterly tossed itself.
Cant have a git from Fulham having no knowledge of any of the posts he has had - then proclaim Nato conts must be paid
Seems petrol drivers to strike -
Seems self checkouts at s/markets losing loads - no surprise potatoes for mushrooms - y not?

The dim and the dull want it all Leaseholds - FGS read the data
No self checkouts here - they know the thieving brits on Costas

[mr.elbee] 04/4/2024 17:27

dunno I'll check it out

[bargainbob] 04/4/2024 17:22

The Heinz level is appearing on the chart , much faster than i ever expected.

[utrickytrees] 04/4/2024 17:20

CB1, City pricing in a change of government. Reeves has to be better than the lingualink teacher.

[chiefbrody] 04/4/2024 16:57

Another attempt at 8000 tomorrow. Then only another 5000 to go to catch up with other markets.

[chinese investor] 04/4/2024 16:46

XD in a week !