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Some substantial bets on Brexit failing that bit in the ass.
This board appears to be in a slumber. If anyone is checking this can you provide me with some insight into the reason for the gap down yesterday?
LLOYDS BANKING GROUP: CHAIRMAN OF THE RISK COMMITTEE
Further to the announcement made on 21 August 2014, Lloyds Banking Group plc (the "Group") is pleased to announce that Alan Dickinson, an independent Non-executive Director of the Group, will become Chairman of the Risk Committee with effect from 1 January 2015.
Mr Dickinson joined the Board in September 2014. He is a highly regarded retail and commercial banker with significant experience of chairing risk committees in the financial services sector. He is currently Chairman of the Risk Committee at Willis Limited and has, until earlier this year, been Chairman of the Risk Committee at Nationwide Building Society. He succeeds Anita Frew, Deputy Chairman and Independent Director, as Chairman of the Risk Committee. Ms Frew has carried out the role on an interim basis following the retirement of David Roberts in May 2014.
BIOGRAPHICAL DETAILS
Alan has been a Non-executive Director of Willis Limited and Chairman of its Risk Committee since April 2012. In May 2012, he was appointed as Chairman of Brown Shipley & Co Limited and, in May 2014, as Senior Independent Director of Urban & Civic plc. Alan was Chief Executive of RBS UK and a member of its Executive Committee. He is a former Non-executive Director of Nationwide Building Society and Chairman of its Risk Committee. Alan was Non-executive Director of Carpetright plc until September 2014.
For further information:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com
What is it after 2014? Stronger dollar and scared markets... should rise Tuesday US Monday if open in UK with Russia withdrawing from Ukraine border...
Notes for funds that can
Ok we got a partial UK government sell off of their position in the stock. The price dropped to just below 5 dollars...consider that the low for LYG...remember I still consider LLOY a much better buy if you are able to buy on the London Exchange.
The UK government now only holds 25 percent of the Lloyds now.
The company has stated it expects to resume dividends this year. Based on what I have seen in print ...they are expecting a 2-3 pence dividend and the dividend to double next year.
I consider this stock in the buy range right now for LYG......if the price drops into the 4 dollar or lower range with no negative news about earnings, etc...basically anything substantive about the fundamentals related to the company. I would consider it a strong buy for LYG...
However, I consider LLOY to be a strong buy now....it is extremely cheap.
This is stock is starting to get cheap real fast. It is important to realize that LYG and LLOY are the same company. LLOY (on the London exchange) is getting upgraded while LYG (NYSE)is getting downgraded because of the currency price difference in shares.
Any bad news in the world could cause LYG to fall...April is also the expected time frame for the UK government to sell their remaining shares in the company.
The government holds a substantial amount of shares and by them putting those shares on the market it will cause a decent dip in the stock price. I think the current dip in LYG is more worry about the Crimea crisis and impending share sell.
So why should you be buying this stock? the return of the dividend. It is widely expected this company will start paying dividends again and that they will be able to consistently raise the dividend significantly over the next 5-10 years.
This is also true for most banks expecially the US banks. The fed taper is going to raise interest rates on the US treasuries..while they are still keeping the fed lending rate at a historic low. The large banks with trillions of dollars in assets will make billions of dollars in extra profit as the gap between the fed lending rate and the treasuries gets larger.
This stock is bouncing in a pretty tight range currently. It will pop a bit on a dividend announcement or will drop on a delay in the dividend at this point.
I am long term bullish on this company and stock. The company is not going under. It is just getting through the financial market drama.
The PPI issues are known. There may be a few more lawsuits but that should already be in the expectations on what is going on in the stock.
IF you are looking to get into this stock I would look for any signs of weakness that take this stock to $5.40 level. But I would hold some dry powder to buy more on the news of a dividend or a delay of a dividend.
I think this is a good stock to buy and hold for the foreseeable future. (5-10 years)
Hmmm something brewing here? LYG
Lloyd's of London..backs Bitcoin vault..startup Elliptic
http://investcorrectly.com/20140111/lloyds-london-backs-bitcoin-vault-startup-elliptic
http://arstechnica.com/business/2014/01/backed-by-lloyds-of-london-new-uk-startup-offers-insured-bitcoin-vault/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+arstechnica%2Findex+%28Ars+Technica+-+All+content%29
Pumping? i suggest you guys to look at market value of Lloyds
This is fairly valued stock, point.
Why do u say that?
Prepare for LIFTOFF! My Price Target before 2014 is $6.50
Watch to see if this bounces in the next few days. Looks like there is strong support in the 4.80 range. If it busts through that range we could see another gap down. If it bounces we have a good idea the price of the interim bottom.
My thoughts long term is that it will be easily a 20-30 dollar stock in the next 10 years. Especially if it pays a dividend and looks like it will go back to paying the hefty dividends it has paid in the past. However, I think that this stock has a near term potential to fall back. So, someone starting an investment in this stock has to understand that this could drop 20-30-40 percent in a short period of time. They need to know when it does drop like that it isn't a scary proposition. A drop like that would be a clear buying opportunity in my opinion.
My investing perspective is that I try to view my investments in terms of 10 years. If I can double my money in less than 10 years I have done better than breaking even. So if I buy a $1000 dollars worth of stock, to break even it has to be worth $2000 dollars worth of stock in 10 years. If I can buy a stock that doubles and pays a dividend I will always break even.
LYG has already doubled for me in less than year. However, I think that with resumption of dividends this year or next it could jump to 10-14 dollars easily. I will probably sell some of my stock as the price goes up to $10 dollars to cover my costs.
I am confident that dividends will return in a small way in the next 2 years.
I basically invested in LYG because I felt it would more than double and I could make a nice profit. The second reason is that it was a very nice dividend payer prior to the financial collapse. So I wanted as many shares as I could get. Basically pick up a future predictable dividend payer for cheap. This stock was paying near 2 dollars per year in dividends prior to 2008.
Banks play an important part in the world economy. When you look at banks as a whole group over the last 100 years you will see that the major banks were all stable dividend payers. So picking up a bunch of this stock and then selling a portion to cover my costs seems like a decent way to play this stock.
What's your thoughts on the long term of this stock?
I think we saw some good action today ...up .19. Not a bad way to close out the week. Looks like the stock bounced after the 10 percent pullback we had.
So what you think to hold long worth
It might go as low as 4.40$ (Q2 pre-announcement levels)
Considering it has basically now pulled back 10 percent from its 52 week high. I would normally say it would be in a buy range.
However, the fact that it has risen so much in the past year leads me to believe this thing could drop a bit more before this retracement is over and support catches up.
I personally won't be buying anymore at these levels. I might kick myself later for not buying more if I wasn't buying other stocks right now.
This is a long term investment in my opinion. A person looking for a good place to park some money that will reward someone over the next 5 years.
Expecting immediate results from LYG (ADR shares)
If you can buy the shares on the London Exchange or LLOY those are a buy.
The shares on the London Exchanges are at a deep discount to the ones trading in the USA. LLOY is trading at 74.19 Pence (UK) per share or .74 GBP ...multiply by the conversion to dollars and you get around 1.2 dollars
This is why I believe that the news of a dividend is what has driven the stock to be so high on the US market.
Do you think it continues to run up and is a buy or u would hold off?
1) The latest earnings release contained extra PPI related charges that were not expected.
2) Those wanting to hear more about a dividend were let down.
3) The stock has run quit a bit here in the US exchange and the stock has not performed well on the London Exchange. Basically, there is a huge disconnect in price per share. The stock being sold on the London exchange (LLOY) has been upgraded to buy.
Basically, there is a small pull back going on. I see this as healthy.
The stock might pull back further but there has been no news to indicate the company is in trouble.
This is basically the Bank of America of the UK right now. Basically it has the same level of sentiment running against it. However, it is well capitalized and the housing market in the UK is in a small boom.
I was suprised to see how far LYG has run so far in the past year and a half.
They have over 1.3 Trillion in Assets on the books currently. Having 180 billion Market Cap is pretty paltry when compared to their assets.
Like I said, it about them paying a dividend at this point in time. If they start paying a dividend. This stock will jump over 10 dollars.
This stock was paying near 2 dollars a year in dividends prior to the crash. They don't have to pay that much for this stock to soar. They just have to start paying a dividend, and they will get compared to other US banks. A to 5-10 cent dividend will drive the stock up.
10$ means 180B$ market cap, maybe in 2018 IMHO
Got a nice pull back going on from the 52 week high. A good buy in price under $4.90. I am very positive long term. The 3rd quarter results were off only by a 1 time charge for the libor issue.
If this stock starts paying dividends, even a tiny one next year it will sail over $10 dollars. That is my opinion.
Disclosure: Long LYG.
Looks like we might see a decent short term retracement in the stock price. The earning results were not glowing according to analysts. However, there are many that are putting a price target near 10 dollar per share on this stock with a HOLD call. Kind of weird you would give an over a 9 dollar price target with a HOLD call when that is almost an 80-90 percent increase in PPS.
I am long LYG.
I suspect that this stock has lost some momentum in the short term with the current earnings release. Look for a gap down to buy in at a discount to current prices. I think this stock will take a breather and give everyone a good entry point.
However, I fully admit I have watched this stock soar past 3-4-5 dollars without buying more shares thinking it has moved way too much to fast. So it won't surprise me if I am wrong and people really won't take the current earnings seriously.
This is because I think the stock is an attractive long term investment if your looking for one. In the long term it will pay off many times over.
I just think some steam has to be let out of this run for me to buy more shares at these levels and the current earning could provide this necessary release.
All good news for $LYG. Pre-market trading is jokes. This thing is going to break $6 by Friday in my opinion.
My take on earnings this morning are that they are in line with expectations except for the extra fine for PPI expenses.
Expect to see a small hit on price today early but they way this stock is running I would expect it shake it off
I think it has a chance of better than 6 bucks past the Christmas time frame.
I think this stock could easily be 10-14 dollars next year based on earnings and the anticipated dividend reinstatement.
I just see potential for short term headwinds at this point.
Crossing fingers for 6 bugs as a x-mas gift!
Nice run at the end of day as US markets saw the late rally in the London Exchange. There was some massive buying end of day on the London Exchange. It was down all day until last few moments. Looks like early release of info or people speculating on good news tomorrow.
NBG is NOT comparable with LYG
It is like comparing TATAA with BMW
$NBG National Bank of Greece cheap too.
Oh yea. I have no doubt we will see $6 very soon.
Right back up. They cant hold LYG down. Too massive, too strong.
$LYG Lloyds Banking Group. The U.K.'s benchmark stock index climbed for a third straight day on Monday, with Aggreko PLC rallying after a well-received earnings report and drug makers on the rise.
The FTSE 100 index UKX) rose 0.1% to 6,725.82, closing at the highest level since late May.
I agree that this stock has run up a lot this year.
Positive catalyst will be further sell offs by the UK government. This will temporarily lower the stock price but will be a good sign the UK government doesn't need to be involved anymore in the company.
If the conference call doesn't go well we could see a big drop but I would also be a buyer if it dropped back a bit.
Basically, I'm very bullish long term but since this stock has run up so much so fast I wouldn't be surprised to see a healthy pull back at some point.
If it does pull back I will possibly buy more shares. I'm basically in a good place since I'm in the stock around 2 dollar a share.
Seeing some nice support at the 5.19 area and now some nice bullish action. Let's see how this plays out. Remember, we get an update in the conference call tomorrow morning.
Moving from a buy to a hold, in my opinion, is not a negative situation. As you can see, the stock has run up quite a bit this year and anyone who is currently invested should hold, is what they are saying but since it ran up so much they are weary to buy at these levels. I personally think it is a great buy at these levels and some news coming out in the next few weeks will send it way over $6 a share.
$LYG 2nd Resistance Point 5.36
1st Resistance Point 5.34
Last Price 5.21
Actually looking at it more closely they took if from a buy to a hold.
Here is a better link LYG upgrade
Just in.. LYG - Lloyds Banking Group PLC - Upgraded to a Buy http://reports.finance.yahoo.com/w0?r=61435335:1
Looks like A LOT of share accumulation at 5.22 today.
I agree. I just think there will be very clear gap downs on days the UK government sells off more of their position in the stock...and those will make awesome entry points for people thinking about starting a position.
The UK already sold off a 6 percent stake in the company earlier this year and the stock gapped down temporarily.
I definitely would like to see the stock to go over 10 dollars a share since Im invested at under 2 dollar a share.
$LYG is an awesome stock. If you take a look at the monthly chart there is no doubt this thing is gonna BOOM UP! and BREAK OUT! very soon. They are close to closing a partnership deal with Aberdeen and they are having a conference call tomorrow morning Oct. 29th at 9:30 eastern time. I am excited to hear what they have to say! I think this call could send the stock up and over $6. PLUS, they are releasing earning Nov. 7th. There is a lot news in the pipeline for this stock to go well over $10 a share in 2014! Lloyds Banking Group, Long and Strong!
As long as you understand that the billions of dollars of earnings are across about 70 billion total shares. (The NYSE and the LON Stock exchange shares combined). So the earnings per share are going to be low for awhile.
I am very bullish on the stock. Long term the dividend potential of the stock is huge. Prior to the crash it was giving out over 2 dollars per year per share. I think that is driving the interest in LYG as the earnings of the bank improves and the positive news that the UK government will soon no longer have shares in the bank.
Disclosure: I have a solid position in LYG that I started in the Summer of 2011 through 2012. So from my stand point I will be taking profits soon and bringing my cost basis to zero and hold the rest for future dividend payouts.
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