Lloyds Banking Group Plc (LYG)

[Ripcord01]

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.