Perhaps it's my age...but I feel cheated. A role model for fatherhood (admittedly on TV) is proven to be a slime ball.....throw away the key...take away all his luxury....make him sit in his own stink.
Respect for the women who took him on and overcame.
Are you sure? You seem unable to make up your mind, since only 20 minutes previously you were recommending to buy, then switched to short, now sell. Perhaps you should refrain from giving advice to the rest of us until your head clears.
"The visuals suggest achieving 80p is liable to be game changing for the shares future potentials as 100p and beyond becomes viable long term ambitions."
IOM -- It's quite interesting that the words game changing are added here, as the stock has been much higher than this with much less declared profits and with much higher PPI exposure.
These dates and share prices below show how poor the share price has been for LLOY over the years :-
I've never considered Lloyds a share to hold, simply because it's return on capital employed is low (I mean discounting the high leverage it uses to achieve a return on assets), so therefore it's share price will always be in line with the real returns to some extent.
I'm not a trader as such, but I have bought and sold LLOY over the years and try not to let it get too big a holding, at least for too long anyhow - these are my trading dates :-
17th January 2014 the stock was 83p - sold
26 March 2014 - 75.24p - bought
11 Dec 2014 - 77.98 - sold
23 March 2018 - 64.78 - bought + 3 more lots around 65p
So it's possible to argue the stock is cheap -- or you can argue at 83p it was ridiculously expensive -- One mans cheap is another man's expensive -- it's complete conjecture of course.
My aim here is to try to sell the lot again around the 70p mark and try not to be caught out holding too much of a bank stock for too long just in case another Lehman Brothers transpires - Deutsche Bank is a possible similar catalyst for such an event.
Pinlord 17 Your house was a" green field" once!(Mine & all my previous houses were....).If we are to provide houses & above all affordable houses we have to build on undeveloped land;yes we should maximise use of brown field sites but unfortunately the brown field sites are not always available in areas, and rarely in the quantity, where houses are needed.
Increase supply to meet demand & affordable houses appear for your & other peoples families.
Games - Sometimes we get more meaningful comments behind the numbers.
Re: range low of 60p - So you don't think we will see sub 60!!??
What can be expected, should Lloyds Bank manage a miracle and close a session above 71.75 - BLUE?
It appears growth to an initial 75.5 makes sense with secondary, if bettered, now at 80p.
The visuals suggest achieving 80p is liable to be game changing for the shares future potentials as 100p and beyond becomes viable long term ambitions.
Of course, we need dwell on the down side of life as it IS a retail bank. Below 56p and it's stuffed with an initial 49 expected as a footnote on a road to 31p. We would suspect the market would enact a 10:1 share consolidation as an effort to conceal such potentials. After all, it is a retail bank.
I have a Lloyds club account which used to pay 4% on up to £5,000.
Last year the rate was halved to 2%.
Today I got a letter to say it's going down to 1.5%.
Not a happy bunny and looking to take my cash elsewhere.
It would be nice if short-changing customers benefited me as a shareholder but not so.
Soi, I have read your corres with Callum with interest and the comments regarding Divi dodging. I sold on Tuesday 24th at 9.42 am. I got 66.67 which means that with the dividend of 2.05 the total price was 68.72. This was better than the divi dodging 68.5p. Its no big deal but balances the debate somewhat.
Hi Peter, I completely agree with you, we stopped a development behind us as they are tearing up green fields just for profit.
First time buyers can not afford half a million pound plus houses.
We live in a small town in the East Midlands and over 1000 new houses have or are being built, schools are bursting, doctors cannot cope, the roads are overcrowded, we have no local police infrastructures CANNOT COPE.
WHERE ARE ALL THESE PEOPLE COMING FROM.
I live in the southeast my first terraced house cost £6.25K I have traded up and now have a very valuable house. I am at the stage where a smaller house closer to the town centre would be nice. But Partly supply and demand and partly taxes. I can buy a house half the size closer to the town centre. But with all of the taxes etc I would end up with a little cash. So no point in moving unless to Somerset or Devon.
I got involved in planning where a developer brought a nice bungalow knocked it down and built two luxury houses. What was really interesting was going to the planning meeting and seeing so many planning applications for a small variation. 2 luxury houses + 3 affordable house being varied to 5 luxury houses. When I asked a councillor he told me it happens all the time and they are unable to stop it.
We have no new roads, nowhere to put them. Not enough doctors, dentists, school places, the A&E was closed years ago a developer got the land.
Either they should enforce affordable housing say 90% must be affordable. Or just stop building in the southeast.
I think there should be encouragement for people downsizing by all means keep a high rate of tax for big houses and people up sizing. But reduce it a little for people downsizing. I have several neighbours in my situation who would love to downsize but can't really see the point
Re the impairment charge, it is naturally a concern if it might be an indicator of things to come. However I should like to see, at the end of the PPI claim period, what the actual payments were vs the provisions made. Those provisions will have sat as assets against which actual payments can be set, in the meantime reducing the corporation tax payable. Such intangible assets are useful in the P&L and Balance Sheet (thinks: how much of the NAV is intangibles and provisions? I haven't dug into that). I guess my point is, bearing in mind I'm not an accountant, that I would have stoked up those provisions in the years I was able, to avoid CT, and if there is much difference between actuals and estimates, I would reclassify the excess as provisions against loan impairments in order to avoid a CT hit in 2019.
Just a thought - I might be talking rubbish though...
Without wishing to start a debate/argument over migration, it has to be said that with the large net increase over recent years, the capability to deal with that alone must be stretching the UK's ability to deal with the requirement for more housing, not only in terms of land, but also skilled labour.
Then there's the question of where to build. I live in central southern England, and I can tell you that the roads in the vicinity are nearly gridlocked at times. Build more roads? Not really, that just doesn't work after a certain point. More P&R? Sure, that's been done. Flexi-hours, work from home? Dittto.
To give the example of 2015 - net inward migration 333,000; new homes completed 143,000 (the highest number since whenever). I don't need to do the sums for you.
Regarding "failed government housing policy", I have no idea what that is/was, nor how that affects housebuilding, although I did hear something about changing regulations to try and make more land available. Trouble is that building has to be in a suitable place for work and have access to transport - hopefully public, and not use agricultural land and so on...
The reason why so many are unable to buy their own homes is not because of BTL landlords but rather because of a failed government housing policy which has presided what we might describe as a managed shortage designed to keep house prices at inflated levels.
This is true, Frog.
In addition, the stamp duty increase by George Osborne, at the top end, has also played a part. In an attempt to tax the rich (which seemed fair game at the time maybe still so), by increasing SDLT on properties £1m+, what it's actually done is see a huge decrease in sales at that level.
Some will have very little sympathy here, and perhaps rightly so, but what it has meant is that these people have not moved due to the substantial cost.
That has then meant, the rest of the housing ladder has remained stagnant and the abundance of properties available to 1st/2nd time buyers remains very limited in major cities and towns, as people have not moved up the proverbial housing ladder. And the consequence there is, they remain unaffordable due to supply and demand. Ironically Osborne reduced SDLT on properties sub £900k, but the reduction is probably lost because of this.
It will take a very brave Chancellor to reduce SDLT at the top, as the back lash isnt worth the hassle. So in an attempt to tax the rich, its probably having a greater impact towards the bottom and on those that can ill afford it.
The loan impairment figure is a worry, especially as interest rates rise slowly. Presumably the shake out of zombie companies will happen over many years and those folks with extensive borrowings will be encouraged to downsize their houses and increase productivity.
Hopefully next year LLOY will be better placed once the PPI claims end. But I also hope they are not simply substituting PPI claim money for impairments, write offs and foreclosures.
I do somewhat regret not selling at 68.5 and buying back at 64.8p but next time I will be ready.
Are you going by memory ( in which case ultra impressive ), keeping notes or merely looking at long term charts going back years ?
Thanks for your interest.
My memory is not good at the best of times, so I keep a record of the most recent year's dividend dates so I know when the next is approaching. I take a look at SP patterns around previous ex divi dates using ii advanced chart , usually a month or so before the approaching event.
I look for patterns over at least the last 3 years. Sometimes there is regularity in the way a share price behaves, in which case I will look for a similar trend in the current year. This is more likely where there is a large dividend payout, while small dividends often cause hardly a ripple in price movement and certainly not enough for share trading, though might be used for SB.
The problem always is to estimate how high the SP will rise before ex div date, and when. Some stocks peak several days before that date, and this was the case with LLOY this year. It had not shown any tendency to rise significantly, so it was reasonable (for me) to expect it would not keep rising to the bitter end. It worked for me this year and I was able to sell at 68.5, quite near the peak.
The next challenge is deciding when to buy back. Last year LLOY fell as expected on ex div day, but then fell again over the next few days by a further 0.5p or so before staging a significant recovery.
With a target of beating the "hold for the divi" strategy, I needed a price below 66 (also covers costs and taxes). We saw 65.3 on opening on the 19th, but I dithered and did not buy. Fortunately for me I was able to buy at slightly better (65.2) on the 25th. Again I got lucky as I only bought back half and set the other half on a limit buy at 64.7 which was duly purchased on ii. Of course, the SP might fall lower, but I did not want to be locked out in the event it does rise strongly, and the consensus view is positive. Timing is everything.
So, for this year, it was worth using previous year patterns as a guide. I have used the technique successfully with other shares (eg SSE), but it doesn't always work, and there is a lot of luck involved.
However, with a stock that has a well established trading pattern with clear high and low regions I consider it worth doing. I have learned from watching your trade series posts to take a profit when it is available, and this helps to control the risk of owning shares.
Now I am fully invested in LLOY I will be keeping a close eye on price movement looking for the next peak, and looking back for similar patterns and hoping to trade out at a profit. Then repeat.
I have 2 share tranches which I am prepared to wait on, both underwater currently.
I have a shocking 16 long positions in, usually prefer not to go above 10.
The reason for multiple individual SB ( spreadbet ) entries ) is that it is slightly easier and quicker for me to set limit closes or close manually rather than part close a larger individual position.
I try to take each trade individually.
Yes I do think LLOY will tick back up and will close trade by trade as it does.
IOM -- I suspect this is what is making the share price falter at the moment :-
""However Lloyds took £258million in loan impairment charges in the quarter, which is more than double a year earlier.""
I guess this implies more companies are running into difficulty and should interest rates rise a few more notches then this number will have to increase again to weed out the zombie companies that have been on life support during a strange and ultra low interest rate 10 year period.
If this impairment charge has doubled, it could be that the trend is rising and any savings on PPI will be impacted by this impairment growth.
This is more of a concern further down the line though and I'm hoping that LLOY will recover from this share price level allowing another decent offload.
Can I ask you if you don't mind revealing what your trading strategy might be on LLOY. I see over the last couple of days you have put two longs (either SB or real trades) around the same price or unless one has already closed. Is the thinking to gear up with a number of trades then slowly offload on the uptick.
Do you have a trading range to pick up and offload?
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