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Recent rises plus good dividend due (LLOY)     

Silver6 - 05 Jan 2004 13:35

Are Lloyds bank worth buying and does any one think they will rise above 5 in the near future

thestatusquo - 17 Mar 2004 14:21 - 12 of 17

Ex-div drop was less than I expected, but I intend to top up with Aprils ISA allowance.

That dividend with potential for capital growth in the share price is just too good.

Chart looks a bit ugly down to 412pence, but if that holds, I think the next year will be very positive for investors.

We are moving into a stronger growth phase in the economy generally, economic activity is picking up a head of steam, & IMHO I think banks will benefit.

thestatusquo - 17 Mar 2004 17:36 - 13 of 17

Finished the day strongly.

I think compounding by taking the half yearly dividends in new shares will deliver a significant return over the next year.

Stock looks pretty cheap on fundamental measures, p/e in singles figures and yielding 7-8%.

thestatusquo - 28 Mar 2004 12:05 - 14 of 17

HSBC upgraded Britain's fifth-biggest bank Lloyds TSB to 'add' from 'reduce' and also raised its price target on the stock to 460p from 440p. Dealers said HSBC upgraded the stock because capital fears at Lloyds TSB were overdone and the shares were attractively valued.

daves dazzlers - 28 Mar 2004 13:47 - 15 of 17

lloyds seems to be at a crossroads in banking circles,,,,,,to indecisive in decision making,,,bad management,how can a blue chip stock fall allmost 70% in recent years and at current levels still not much intrest...i think very similar story yo BT,,,,both these are traditional growth stocks seems not to be any more,,,,,more income driven ..................

daves dazzlers - 28 Mar 2004 13:47 - 16 of 17

lloyds seems to be at a crossroads in banking circles,,,,,,to indecisive in decision making,,,bad management,how can a blue chip stock fall allmost 70% in recent years and at current levels still not much intrest...i think very similar story yo BT,,,,both these are traditional growth stocks seems not to be any more,,,,,more income driven ..................

thestatusquo - 30 Mar 2004 19:57 - 17 of 17

daves dazzlers

Lloyds appear committed to the dividend which is good news. Crossroads, you could be right. I would be happy if they concentrated on organic growth in a bouyant UK market. Personal lending backed up by strong housing market can drive revenues in long term savings and mortgage markets.

More a growth & income stock from here tho. HSBC's upgrade provides 10% upside from here not including dividends.

A buy & hold for an 18-20% total annual return from these levels?

TSQ.
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