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  1. #1
    VIP Member CzarJunkie's Avatar
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    Default LLOY - Lloyds Banking Group PLC

    I've just invested quite a substantial amount in these earlier this week. From what I've read they've now offloaded all the HBOS investment arms that were bringing in the major losses. It should finally have turned a corner.

    They were £8 a share in 2002 and now it's a bigger company with more assets. So, a return to that kind of price is not out of the question in the long term.

    I don't see this as a short term bet, but long term I think it is as sure fire as you can get shares wise.

    Currently 63.41p per share.
    Last edited by CzarJunkie; 15th July 2010 at 01:39 PM.

  2. #2
    DF VIP Member mysterym's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    Don't forget they they've had at least 2 rights issues, and the number of shares in circulation has increased dramatically so therefore you can't just compare them directly with 8 quid, they will never get that high as that would equate to a massive market capital (fingers crossed for £1.50 ish).

    Edit: Should also add, they are publishing there results in august so if people are tempted, buy before then as the expectations are that the results will be good. Eric daniels released an RNS early this year stating that they will be back in profit this year.
    Last edited by mysterym; 15th July 2010 at 05:18 PM.

  3. #3
    VIP Member CzarJunkie's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    Quote Originally Posted by mysterym View Post
    Don't forget they they've had at least 2 rights issues, and therefore the number of shares in circulation has increased dramatically so therefore you can't just compare them directly with 8 quid, they will never get that high (fingers crossed for 1.50 ish).
    What about the increased size of the business? The £8 was as Lloyds only. I expect a share price of at least £4 long term.

  4. #4
    DF VIP Member mysterym's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    Quote Originally Posted by CzarJunkie View Post
    What about the increased size of the business? The £8 was as Lloyds only. I expect a share price of at least £4 long term.
    They've had a lot of debt write offs (the reason for the major drop in share price was the aquisition of HBOS), plus they have had to sell portions of the business to applease the EU competition commitee (its deemed unfair on your competitors if you have are bailed out). Also commercial property is in the shit.

    Don't get me wrong - if they get to 4 quid i'll quite happily retire at 36, as i have a "substantial" amount too - bought 1.5 years ago.

  5. #5
    VIP Member CzarJunkie's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    Quote Originally Posted by mysterym View Post
    Don't get me wrong - if they get to 4 quid i'll quite happily retire at 36, as i have a "substantial" amount too - bought 1.5 years ago.
    That'll be two of us.

  6. #6
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    Default Re: LLOY - Lloyds Banking Group PLC

    I have a bit of money in Lloyds, I got in at 50p originally but that was only a few hundred quid. I bought some more at 57p and a little more at just over 60p. I am working my ass off trying to make some spare money to fill up my ISA in Lloyds before they do take off.


  7. #7
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    Default Re: LLOY - Lloyds Banking Group PLC

    Nearing the 52 week high, 72.5p a share now. Last time I stuck and they dropped back down to 50p. Not sure what to do now, I have been working hard trying to free up some capital for further investment. Standard Life are nearing my desired sell price so will be looking to reinvest that somewhere.


  8. #8
    VIP Member CzarJunkie's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    Quote Originally Posted by evilsatan View Post
    Nearing the 52 week high, 72.5p a share now. Last time I stuck and they dropped back down to 50p. Not sure what to do now, I have been working hard trying to free up some capital for further investment. Standard Life are nearing my desired sell price so will be looking to reinvest that somewhere.
    52 week high is 113.50. I fully expect it to get to that and beyond, but probably over period of a few years. It has seen some good gains though over the last few days, I could jump out now with a very tidy profit but I'm going to hang in there for the long term.

  9. #9
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    Default Re: LLOY - Lloyds Banking Group PLC

    Oh I thought their 52 week high was 74p. I think they will reach £2 by late 2012 but only time will tell, I am relatively new to the stocks so not that experienced with the pitfalls yet.


  10. #10
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    Default Re: LLOY - Lloyds Banking Group PLC

    Lloyds posted first half results today with profits of £1.6bn which is double what some analysts had predicted. Full info here:
    http://www.digitallook.com/news/rns/...m_Results_html

    LONDON (ShareCast) - Lloyds is very much back in the black after posting a profit of £1.6bn for the first half of 2010, twice as much as some analysts had forecast.

    The bank, which lost almost £4bn this time last year and is still 41%-owned by the government, added that total impairments more than halved to £6.55bn from £13.40bn a year ago, largely driven by Wholesale.

    Total income net of insurance claims increased by 5% to £12.48bn, mostly due to £6.6bn of new retail deposits. The retail business, which made a profit of £2.50bn, grew net interest income by 24% as mortgages continued to migrate onto standard variable rate products. The Wealth and International business was a drag though, losing £1.61bn during the period.

    Lloyds will also hope that £14.9bn of gross new mortgages to UK homeowners and £23.7bn of committed gross lending to businesses will please chancellor George Osborne.

    Meanwhile, the integration of HBOS continues to “progress well”, with a cost synergy run-rate of £1.08bn achieved by the end of June. The group says it’s on track to hit its £2bn target by the end of 2011.

    “Based on our current projection of a slow but steady UK economic recovery and current regulatory context, we believe the group has strong medium-term prospects,” said finance boss Tim Tookey.


  11. #11
    VIP Member CzarJunkie's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    Up 4% today and nearly 15% since I invested.

  12. #12
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    Default Re: LLOY - Lloyds Banking Group PLC

    Sold at 75p today to take a profit. This could go either way in the short term IMO.

    Will no doubt be getting back in in the coming weeks.
    Gunny

  13. #13
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    Default Re: LLOY - Lloyds Banking Group PLC

    My total gain is 19.7% at the moment, I am not sure if to sell and hope they fall back to around 60p or hold.


  14. #14
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    Default Re: LLOY - Lloyds Banking Group PLC

    10 largest trades today, surprises me that there are so many buys at this price. Perhaps there is a surprise in store?

    £13,616,481 74.49p 18,279,609 16:35 Buy UT
    £4,975,737 74.70p 6,660,960 08:00 Buy UT
    £3,275,646 74.49p 4,397,430 16:56 Buy OT
    £2,566,422 74.61p 3,440,000 14:43 Buy NT
    £1,490,800 74.54p 2,000,000 16:57 Buy NT
    £1,120,510 74.70p 1,500,000 16:16 Buy NT
    £1,079,384 74.49p 1,448,989 16:44 Buy NT
    £926,875 74.15p 1,250,000 12:36 Sell NT
    £785,066 73.10p 1,073,961 08:48 Sell O
    £746,300 74.63p 1,000,000 14:51 Buy OT


  15. #15
    DF Super Moderator
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    Default Re: LLOY - Lloyds Banking Group PLC

    Hit the 52 week high today according to Digitallook. Up 2.25p at the moment.

    Shore Capital list as a buy whereas Seymour Pierce say sell, although SP always say that!

    This mornings largest trades:
    08:00 75.39p 2,778,832 £2,094,961 Buy UT
    08:08 75.10p 430,000 £322,930 Sell O
    09:13 76.13p 400,000 £304,519 Buy O
    08:51 75.33p 400,000 £301,320 Sell NT
    08:04 75.15p 344,740 £259,072 Sell NT


  16. #16
    VIP Member CzarJunkie's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    I've just jumped out, took some short term gains. Made a very handsome profit and might jump back in at a later date.

  17. #17
    DF Super Moderator
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    Default Re: LLOY - Lloyds Banking Group PLC

    http://www.express.co.uk/money/view/...uy-back-shares

    LLOYDS Banking Group yesterday dismissed as “speculation” suggestions it is looking to buy back billions of pounds worth of shares from the taxpayer.
    It is believed the bank, which is 43 per cent owned by the Government, has come under pressure from major shareholders to investigate ways it can reduce the state’s holding and drive up the value of their own shares.
    They think the bank now has a large amount of spare cash following improved performance this year.
    EXPRESS OFFER: CLAIM £15 IN FREE BETS HERE!
    Recent rules announced last week on bank capital have proved far more lenient than expected, increasing its scope for action. UBS analysts have estimated Lloyds as having £9billion of excess capital.
    However, under European restrictions imposed in return for state support, the bank is barred from paying dividends and other ways of distributing cash to shareholders until 2012, prompting investors to ask the bank to explore other ways of improving value.
    A Lloyds spokeswoman said: “The group continues to work to ensure it maintains its robust capital position as the regulatory requirements for capital adequacy change. Any suggestion that the group is considering other actions at this time is simply speculation.”
    The statement came as the bank received a fillip from Lord Levene, who is chairman of NBNK – an Aim-listed cash shell looking to buy up banking assets being put up for sale. He said yesterday the 600 branches being sold by Lloyds in a divestment forced by Europe were at the top of his shopping list, over assets likely to be sold by Northern Rock.
    As part of the move, Lloyds is also selling its TSB brand and it is thought Levene might look to resurrect the name. TSB was bought by Lloyds in 1995. NBNK’s backers include Aviva, F&C Management and Invesco, and they are prepared to pay the billions needed to buy the branches which Lloyds has to sell by the end of 2013.

    SEARCH CITY & BUSINESS for:

    The sell-off could help Lloyds withstand investigation by the Independent Banking Commission, which will announce its plans for looking at the sector on Friday. As well as examining plans on splitting retail from investment banks, the commission will also look at competition. It might consider splitting up large retail operations.
    The Bank of England in its quarterly bulletin published today suggests a lack of competition might be one reason why lending rates have not fallen as fast as base rates. Others include the need to retain more capital to meet new regulations and a slower drop in wholesale funding costs.
    HSBC is facing speculation it could appoint City veteran Simon Robertson to the post of chairman on a temporary basis. Robertson is currently the chairman of Rolls-Royce.


  18. #18
    DF VIP Member
    Roach-Rampino's Avatar
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    Default Re: LLOY - Lloyds Banking Group PLC

    28/7/201 1400hrs: 44.1p

  19. #19
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    Default Re: LLOY - Lloyds Banking Group PLC

    I'm thinking about moving my deposit for my house into these as i won't be able to buy a house for at least 5 years. I've got around 17k to invest. They are currently at 32p per share so 17k would buy me 5440 shares. If in a few years they went up to £2 a share which is what my dad paid for them a couple of years ago i'll have over 100k. What are peoples thoughts on this? Long term I recon these will go back up to £££'s rather than pence.

  20. #20
    DF Super Moderator
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    Default Re: LLOY - Lloyds Banking Group PLC

    Think your math is slightly off mate £17,000 would buy 53,125 shares @ 32p each If you are looking to hold then I think Lloyds must be a bargain purchase but make sure you do your own research. I bought at 50p and sold at 75p, withdrew the proceeds from my ISA to invest in GKP and RRL. The financial sector will prosper again but the problem is if we enter a double dip recession the banks could take another hammering. Just be careful

    Thanks to evilsatan

    liveseytowers (8th September 2011)  


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