so we now no that saving money in a bank is a wasteof time interest rates
to stop low for at least 18 more months buy stock for divs

DIANE ABBOT MP
said on tv that black mothers where better mothers than white mums
well look at the riots the black children on the streets at 1am
she is a racist

Personally think there is lots more trouble ahead for bank shares and thats why I believe Lloyds are worth about 6p a share.

I dont know I could be wrong here but I reckon they could collapse another 80% in the next 12 months.

mity . they will now go up target in 6 months time 60p .
all the crap is now behind in feb next year they will say 3.8b profit
only the brave like me make the money then i give a lot away
but onlt to hospice cancer mac millan blind

in the coming months you will see all stafff buying .

We shall see what happens Tanker I'm very downbeat on all the banks although I like Barclays .

mitzy i have loads of barc and have been buying have just added a further 5000
the net asset value is 423p div of 6.5p for this year .

All banks are falling this afternoon.

remember this post . BIG GOLD BUYERS ARE GETTING READY TO SELL .
the small buyers will be the losers

Barclays and RBS both down 7% on possible exposure to French banks.

Lloyds down 4%.

.

He says quite a bit! :-)

mna . because that is what happens it is the way these city slickers act

TANK - Not sure you can blame the so called city slickers, stocks are tanking due to the fear factor and the uncertainty of just how far the market has to go to reach a bottom. Gold is seen as a safe haven, when the bottom of the market is reached and I for one have'nt got a clue where that will be, gold will be sold off to buy stocks. Isn't that the more rational theory? :O)

newsnight .david starkey was 100 % correct about timesome one told the truth
i see it ever day in town

Where is the bottom..?

we are at the bottom sept will see big gains in market

UK banks given thumbs up by Societe Generale

The broker says its upbeat view on UK banks is based evidence that they have all succeeded in managing down key risks associated with liquidity, credit and non-core assets.

The broker calculates that in order to justify current share price levels, Barclays, for instance, would have to lose around 12bn and then issue 12bn of equity (at a 50% discount) to fill the hole.

We certainly do not expect that to happen, but it is another way to highlight how inexpensive Barclays is at current prices, says the broker, adding that similar results unfold when RBS and Lloyds are subjected to the same reverse stress test.

Societe Generale says the stormy macro environment has pushed valuations down to just half tangible book value for Barclays, LBG and RBS, which is far too low in light of the progress on the risk front.

We remain impressed by the progress made by UK banks on the road to lower risks and higher returns, concludes the broker.

Societes top pick is RBS, but it says Barclays and Lloyds also very inexpensive, with all three trading at just 0.5 times tangible book value.

Read the full article: http://www.proactiveinvestors.co.uk/companies/news/31876/uk-banks-given-thumbs-up-by-societe-generale-31876.html

Are Societe Generale a French bank..?

Yes. (But not in trouble, as incorrectly reported by The Daily Mail recently).