Lloyds Shares Keep or Sell?

nownewretiredin2011

I have 360 Lloyds shares worth what, £125 or whatever I can get for them?  that I got from Halifax when I had a mortgage (now paid of thankfully).
Is there any point of hanging on to them now since they are not paying any dividends?
Especially at my age 70's.

veryintrigued

I feel your pain

I always remind myself of where they were at and, even fairly recently, they were double what they are now.

Different times and all that I guess.

The lack of dividends is irksome too.

MaxiRobriguez

Probably worth keeping now. Hindsight and past performance are going to annoy you but you have to look past that and focus on prospects for the future. Bank stocks have been beaten down but on the basis there is a return to normalcy after COVID then bank stocks will benefit. Likely bigger upside potential if you can hold on than a more general fund. 

quirkydeptless

I keep my ex-Halifax, now Lloyds shares, 220 of them worth less than £80, as a constant reminder how badly an individual company share can do!

ColdIron

If you had the cash would you buy them now? If not, sell

steampowered

It's not worth the hassle keeping £125 of shares.

If you want to invest rather than trade, you should be invested through a diversified fund - not in individual company shares.

JGB1955

My late father ended up with 538 shares.  I sold them (as executor) for a net sum of c.£131 a few weeks ago.... so about 28p each gross, 24p net.  I would have felt better about it if I had donated them to charity but was glad to tick another financial transaction off 'the list'.  Don't ask me about shares in Saga.... the name fits the story.

ranciduk

I can remember when those were worth over a tenner each!

badger09

ranciduk said:

I can remember when those were worth over a tenner each!

The last time I ever took any notice of my husband's opinion on matters of finance, well over a decade ago, I paid more than £5 per share for them. Definitely my last ever purchase of single company shares. 

Now I'm the not-so-independent FA in the family. So far, so good

WilkinsonM

Probably not worth selling unless you need that cash!  There isn’t really anywhere to put cash at the moment, for any decent return, in savings accounts.  Lloyds was ticking along pre pandemic at circa 60p.  Some members of this board were saying a few years back that that price was deflated by as much as 40p due to PPI claims.  Personally I would hang on until at least we see what’s happening with potential vaccines.  Just my 2p’s worth!

quirkydeptless

WilkinsonM said:

 Just my 2p’s worth!

Let's hope that doesn't become Lloyds bank share's worth