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Good time to buy shares in Lloyds?
emmahip
Posts: 285 Forumite
Shares at 52 week low - is it a good time to buy or will they fall further?
comping since august 2007, wins so far.....none! :rotfl:
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Thrugelmir wrote: »Have you been following the story of LloydsHBOS since the merger in 2008?
In that they are likely to reduce the number of their high street branches? This is not news though and the price of shares was 37 p a few weeks ago compared to 25p todaycomping since august 2007, wins so far.....none! :rotfl:0 -
Can't see much downside from here so worth a punt imo.0
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Shares at 52 week low - is it a good time to buy or will they fall further?
There are thousands of people who bought LLOY thinking they could go no lower and are now sitting on a loss. My own "surely this is the bottom!" moment was at 40.5p. Oh well.
However, I hold a LOT more bank preferences shares (NWBD, LLPC, etc.) than ordinaries as I think these provide better opportunities as it's going to be a long slow slog for UK banks.
Of course, I could be wrong, which would be a shame as what I've got in bank prefs would buy a rather nice German car, brand new, with all the toys, and a beefy V8 engine. I guess me putting this into shares instead is a sign of age and maturity!
LLPC is on an EU imposed divi block, and neither are what you might call risk free, but what is?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I bought £3k a couple of days ago, have lost £250 already...0
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I bought £3k a couple of days ago, have lost £250 already...
Investing £3k was probably a good thing, looking so soon wasn't.
Remember, you haven't lost until you sell, and you're not going to do that unless it was part of your investment strategy.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
When you don't know much about a company, you are best to assume that the current market price is a fair value. If you feel its undervalued for a reason then buy but don't buy just because the share price is a small number and it used to be a big number.
Good luck - its one I've been looking into myself.0 -
My first port of call for company info is here.
http://data.tradersown.co.uk/traders1.php?disp=share&epic=LLOY
I usually have a LTBH strategy, but with LLOY, I'm looking for 80p as an exit. It may be some time ...I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
The chief exec is off with stress.
One of the main possible bidders for their Verde network has bought something else.
The firm has a loans to deposit ratio of 140%, so is still heavily reliant on wholesale funding, and markets are somewhere between expensive and closed.
Losses in Ireland and the rest of the Eurozone continue.
But apart from that ....0 -
gadgetmind wrote: »Investing £3k was probably a good thing, looking so soon wasn't.
Remember, you haven't lost until you sell, and you're not going to do that unless it was part of your investment strategy.
I only looked because of this post. :cool:0
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