Is the Time to Invest in Banks approaching?

YorkshireBoy

lotsadogs wrote: »

But I dont understand the leaps of today - can anyone explain???

http://www.ft.com/cms/s/0/ae294558-8183-11de-9c5e-00144feabdc0.html?nclick_check=1

lotsadogs

YorkshireBoy wrote: »

http://www.ft.com/cms/s/0/ae294558-8183-11de-9c5e-00144feabdc0.html?nclick_check=1

Oh thank you. Short enough even for met ot grasp :T

Thank you.

sabretoothtigger

Laugh at loud at the amatuer experts on this thread. :rotfl:

Ive not seen anyone declare themselves an expert. How can you hold shares and not have an opinion, that seems even worse to me

Baz_2

sabretoothtigger wrote: »

Ive not seen anyone declare themselves an expert. How can you hold shares and not have an opinion, that seems even worse to me

Just reading this thread this morning made me laugh, not at you guys really but just the whole stupidness of the stock market.

Decadent_Fool

lotsadogs wrote: »

Well I bought shares in both Lloyds and Barclays in March this year, so its been a good run for me. I work on hunches, no real skill, so I am further pleased with progress this week. But I dont understand the leaps of today - can anyone explain???

Thank you. x

You got some great deals, and depending on how much you bought you're either going to have a great holiday 'for free' in a couple of years, or pay off a fair chunk of mortgage :beer:

I kept out of Lloyds (and took early profits on Barclays at 90p :eek:) after a couple of forays and bought a load of RBS. Can't complain

sabretoothtigger

Dont kick yourself for making a profit


The market definitely operates in an ironic way I think. Bad news and losses bring a price rise just watch out for when they actually pay a dividend and declare profits, it'll bomb

I like trying to guess where it'll go next anyway regardless of the profits or losses from doing so. My feelings on the price today was that it bumped a ceiling because of the twin peaks formation this could be a top to the price at least short term.

I havent examined the results so this is just a 'tea leaves' kind of speculation. Often pays better to guess what other people think rather make your own decision though I do believe in fundamentals long term


If I could figure out the price range on these shares it would be pretty profitable but its confusing especially when they keep issuing more shares, you cant compare the prices properly that way

Theres a pdf declaring a 120p price for lloyds, discusses their prospects. Galvin is the company I think.

Any guesses on RBS ? They are near their previous high price, I still think the same as above, slightly inflated. Their recent asset sale is a positive similar (but less so) to barclays. Its a very minor positive though because the money is relatively small compared to losses and also selling foreign assets reduces their exposure to a growing market

If standard chartered is buying those rbs assets then buy that share instead is my opinion. Same thing applied to BT selling O2 to Tef, buy the company that is wise enough to get a nice asset at a good price not the guys who get some pocket money that is only a short term positive

fullstop

Still showing a 55% gain on Standard Chartered which I bought in January, even after a big drop in the share price yesterday, don't know why it fell so much?. No worries though still expect them to bounce back. and keep climbing for a while yet.

sabretoothtigger

Opps I was wrong on lloyds not moving alot, 20% is a big gain I think and I didnt expect it top 100 on less worse results or whatever

Pays to check the XLF on these things, its at a year high and it has influence to the mood here I think. As soon as I heard the GS positive I figured barclays and rbs would be positive perhaps but not to this degree

StevieJ

sabretoothtigger wrote: »

Opps I was wrong on lloyds not moving alot, 20% is a big gain I think and I didnt expect it top 100 on less worse results or whatever

Pays to check the XLF on these things, its at a year high and it has influence to mood here I think. As soon as I head the GS positive I figured things would go extreme here also, rbs also booming

Where do they stand in relation to the govt purchase price? I guess RBS is now in profit.

sabretoothtigger

I would have to double check, but I think rbs is quite low relatively because of a 35p purchase in march . So the average to hold is 55p for rbs and 110p for lloyds, if its above that price for 3 months then ukfi executing some sale comes into play.

Whats more likely is shares in ukfi being auctioned off like it was an investment trust or something, read that is possible also

I'd say this happening before the election is quite likely, Peston says they will probably turn a profit on this



http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/08/what_was_hbos_doing.html