gibby
- 02 Nov 2011 21:14
- 3137 of 5370
typo - sorry it is 12 execs who are in charge of individual areas of the bank! the ones ho brought in were mainly from Santander - only pain in the arse project right now apparently is Project Verde which is the sale of 632 branches - as some bidders have pulled out and are most likely now to be spun off as a seperate business on the stock market - other than that considering is pretty stable! lol
yeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaa
dreamcatcher
- 02 Nov 2011 21:59
- 3139 of 5370
Sounds like the company have run him into the ground. Whats going to change if he rests up and returns to work? Or is the job to big for him?
gibby
- 03 Nov 2011 09:22
- 3144 of 5370
excellent - still good volumes here - set up nicely for blue today imo
yeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
btw he is not british
gibby
- 03 Nov 2011 09:27
- 3146 of 5370
30s today - fill ye boooooooooooooooooootttttttttttttttttttssssssssssssssssssssssss
lol
its a classic today again
HARRYCAT
- 03 Nov 2011 10:31
- 3152 of 5370
I was just thinking that when AHO returns to work, the sp should bounce back up an equivalent amount to when he left. Lets just hope that the local community nurse is very, very beneficial for him!
gibby
- 03 Nov 2011 10:32
- 3153 of 5370
30 broken a few times already - ahead of personal expectation this morning - 20s history soon!!! ok maybe not 36p perhaps nearer 35.992459p lol can live with that quite easily :-)))
HARRYCAT
- 03 Nov 2011 11:28
- 3155 of 5370
Don't you lot dare sell before I reach my target! ;o)
HARRYCAT
- 03 Nov 2011 11:50
- 3156 of 5370
Comment form Evo Securities:
"Buying shares in a challenged business like Lloyds is not for the fainthearted, and requires a healthy scepticism for management guidance as well as excess sellside enthusiasm. The CEO is ill and the CFO is acting-up during his notice period. Revenues are in structural decline, impairments remain elevated, (11H1 177bps), mandatory asset disposals are proving tricky, wholesale funding reliance is still alarming (L/D ratio 144%). Costs are being slashed to drag the business back to (weak) profitability in 2012E.
The near-term UK economic outlook is dire, and the path to recovery is long. However, in the month since we downgraded Lloyds with our report, Stop the World, I want to get off!, 30 September 2011, its relative performance has been so awful even worse than HSBC (Sell) that it creates a sufficiently attractive re-entry opportunity. Ahead of Lloyds Q3 IMS on 8 November, we upgrade from Neutral to Buy. TP 50p.
Never confuse a good company with a good investment.
Over a decade ago Lloyds used to trade on 7x book value (yes really!) Under Sir Brian Pitmans leadership it was a well focussed (albeit overvalued) predominantly UK retail business. Today, Lloyds trades below 0.5x book in recognition that whereas it may ultimately be restored to a relatively conservative retail-dominated UK domestic bank, it remains solidly loss-making in 2011E, profits will be anaemic in 2012/13E, and RoE will remain below CoE until around 2015. Lloyds is certainly not a good Company but at todays entry level it is now a good investment."