Good time to buy shares in Lloyds?

lvader

atush wrote: »

I thought I was the only one not to buy PPI, or extended warrenties.

I never got PPi on anything because I thought it was a rip-off, how wrong was I! Maybe the best strategy is to look for miss selling and go for it.

melbury

lvader wrote: »

I never got PPi on anything because I thought it was a rip-off, how wrong was I! Maybe the best strategy is to look for miss selling and go for it.

Yes, if you hear of any please share:)

melbury

atush wrote: »

I thought I was the only one not to buy PPI, or extended warrenties.

No, it would appear that there are a few of us - just a few mind you:(

gadgetmind

atush wrote: »

I thought I was the only one not to buy PPI, or extended warrenties.

I've never bought either, but it seems that not having ever taken out PPI is no bar to claiming PPI compensation.

melbury

gadgetmind wrote: »

I've never bought either, but it seems that not having ever taken out PPI is no bar to claiming PPI compensation.

Seems that if there is a whiff of some compensation, the world and his wife have been mis-sold;)

sabretoothtigger

Masomnia wrote: »

Short of a consolidation I think £2 is a long, long way off. Sorry!

Glad you've finally broken even though

It may get there but yea this elevator is not going straight up. Theres always the chance someone cuts the cables

Lloyds does need funding as UK lacks savings it retains the fatal flaw of hbos in 2008 when it needed 200bn in 12 months.
Not literally but refinance can be a pain I bet

http://www.ft.com/cms/s/0/5a4cfd88-fd0a-11e2-b1bf-00144feabdc0.html

Ask and yee shall receive

70 percent of the bank's earnings returned to shareholders by 2015.

It could be shareholders are the new savers which mean stumping up more cash at some point I suppose

opinions4u

it retains the fatal flaw of hbos

Not as fatal as it once was.

Core loan to deposit ratio of 100 per cent; Group loan to deposit ratio of 117 per cent; deposit growth of 2 per cent in the half-year.

http://www.lloydsbankinggroup.com/media/pdfs/investors/2013/2013_LBG_HY_Results.pdf

wary

Interesting to look back at this thread (which coincided with LLOY hitting rock bottom) with the benefit of hindsight, and how most people got it horribly wrong!

I have a LOT of money in bank shares, breaking all of the diversification rules, but it did work for me for a while. I was holding LLOY at an average of 59p & RBS at 41p in November 2011, when they went down to circa 22p & 18p respectively, and was facing a technical loss that would have had most people slitting their wrists.

But I didn't panic, always feeling sure that I'd get my money back if I held tight, and indeed I now have a healthy technical profit (luckily I have a great many more LLOY than RBS).

LLOY are the star riser today, currently up 4% on a day when the FTSE is down. I did sell some at 66p but now I'm sitting tight as my gut feel is that they've still got much further to go yet, possibly £1 before the end of the year.

But this is based on nothing more than "gut feel", and I've usually been wrong in the past!

opinions4u

wary wrote: »

Interesting to look back at this thread (which coincided with LLOY hitting rock bottom) with the benefit of hindsight, and how most people got it horribly wrong!

More a case of called out the downsides of a high risk investment.

If people want to jump in to the water, they should know what's in there first.