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possible reasons IMHO

sale of newzealand bank is in doubt (could float on stock exchange instead)

change of executive (mike ross has been with scotish widows for 40 years) but new blood could just be what it needs

market doesnt think lloyds can keep dividend at current yield level which is about 9% at current share price. dividend cover only about 1.

even so i think lloyds is a good investment. i keep toppong up every time price drops 450 plus should come soon.

if they do float newzealand bank and new boss does wel price should soar.

good luck all (i am holding on to mine) IMHO

THE FTSE 100 PRICE MOVES HAS A BIG EFFECT AS WELL A GOOD SHARE TO BUY AND SELL FOR A QUICK BIT OF PROFIT.

Ranaweeram - great to see you did get in for some more when the price dropped again, see that boat did come back in for you! Good Luck!

Thanks Stockbunny. Yes it did come round.

Works is changing to fortnightly payment. In addition they are giving a two weekly pay (gross) as a loan, which I do not have to pay until I leave the company. Current thinking is to put that into LLOY. Only worry is I might end up being too exposed, given about 28% of my current portfolio is in LLOY.

I did not realise that the dividend cover is so low. Even if the dividend is reduced, it is still a good investment.

Rising well today so far along with the other banks - after the last couple of poor days this is good to see!! Broker comment today that the dividend worries are overplayed useful.

Hang in there you guys.
The dividend will apparently not be reduced according to qualified sources (i.e. broker briefings etc.) which on an average rating puts the fair value somewhere in the region of 650p - IMHO of course and always DYOR.

This has got to be the most fustrating share out there! It is currently one of the highest yielding shares in the market, because the share price is so low in relation to the dividend. (So it can afford to cut dividend and still provide a good yield!)

ttt

Trading statement due on monday, hopefully confirmation that the dividend will be held, maybe even a boost to the currently flagging share price

Here's fingers crossed for positive news on Monday ((X))

Trading statement announced this morning - appears slightly positive imho in that they expect " to deliver a satisfactory trading performance in line with expectations". there appears to be no reference to the full yr dividend (disappointing) and they are now meeting with the analysts before end of Dec. Shares have bounced 9p by 8.30am, though in light of Saddam, this is nothing to write home about. it will be interesting to see whether any analysts change their stance after their meetings.

Had a good run recently until the last few days and today
WOW! its a-going-upwards!!!!!

There should be a 23.5p dividend due to holders on the 25th of Feb. Probably helping sentiment a bit?

Didn't realise one was due so soon..

Hasn't been officially announced yet but the last wed in feb is its usually date.

Thanks brian!!!!

Moneyam is very quiet on LLOY vs Advfn. Is anyone out there a regular trader? LLOY has had a lovely run up recently and (with Scot Wids) I guess it has been helped by the good performance of LGEN, PRU etc. Chart still looks good but a fair bit of resistance expected between here and 5.Any views as I tempted to sell ? (FYI my main holdings are in LGEN,RSA and LLOY so I am pretty exposed to financials !).

I have a feeling but believe me that is all it is, but a feeling that
475p may be a hurdle along with whatever their lowest price was some
weeks back when they dropped badly 390-ish (?) you would have to check
the exact figure if you were interested.

Reason for the feeling
It's a case of nice round profit margins for people...if you bought in at the low it wont be that long before you are looking at a straight 1 profit per
share and that will tempt a lot of people I am sure. AS for 475p..well
again it's a nice psychologically neat figure in a way and it did
stumble a bit at 450p another nice neat figure..

Follow your own instincts, do your research and believe in your own
judgement it's as good as anyone elses!!

LLOY is an old favourite of mine. Currently showing a very health profit, and am struggling between selling now, and hoping to buy back before the div. or sitting tight!

Exactly and I think there will probably be a lot of people
umming and ahhing in the same way! I have two small holdings
one bought for the dividend and the other when the price was
low and it is great to see it go up but there are tough decisions
ahead for me too!