LLOY has bounced off a Low caused in the main by their woeful bunch of Directors turning up with "sickies" (well one swallow may not make a Summer, but one ill Director is a Bad Omen, IMHO).
Whether he's recovered I don't know, but it's not exactly exciting times and what LLOY needs is stability. Also it needs a long-term progressive grip on their activities if ever profitability is to return.
The notion of £1 within 12 months is "most unlikely" IMHO.....unless the whole of Europe is off the hook, and suddenly Euro zone banks start lending to each other.

Greece is yet to default . . . just how soon will it be?

The News that Euro-banks have securred a fat wad of "billions" from Central Europe (printing press?) and then put it on deposit at nearly a fifth of the interest, shows they still don't do their sums very well. That is a route to disaster, so they must be doing it "collectively" because they fear some Outstanding loans will turn Bad. (Greece may be just one!).

That, possibility does not mean Europe's Banks are healthy and I suspect it must affect Lloyds as well.

However, LLOY is not quite a Euro-bank, so it shouldn't be party to their worst games . . . hence the bounce from near-on 20p. We might return to healthy 30's but without GOOD NEWS I can't see it reaching £1 - and "where" is that news to come from . . . . only the result of many years (Oh No!) of building Trust in a much-loved British Bank that caught a nasty virus when the visited GB who was selling-off duds at a penny-a-piece.
Will HBOS ever be worth the price? . . . frankly I doubt it, LLOY Shareholders were sold a Pup! . . . . but folks have short memories and I guess by 2014 many will have forgotten.....
I hold a few LLOY and I guess my av. is somewhere near that £1 - but I suspect many will have taken Profits if it ever got near.
IMHO, without a Dividend, it's difficult to value large Equities.

hangon--------the pup bought by LLOY, I sold for £11.58, still keep pinching myself. I do not hold any bank shares atm, if I was pushed I would go for HSBC. Good luck for that quid a share though.
2517

Not many strong competitors left in the world. lloyds has kept its infrastructure intact during the crises. It should benefit from minor recovery in the world which is started from the US and some of the emerging markets.

Situation has to improve, given the rise in population and gradual increase in demand.

Jan. 6 (Bloomberg) -- Lloyds Banking Group Plc, the U.K.’s largest mortgage lender, may post a loss for 2012 because of higher charges for bad loans, according to analysts at Barclays Capital.

Lloyds may set aside 5 billion pounds ($7.75 billion) of provisions on mortgages for the second half of 2011 through to the end of 2014 and post a net loss of 292 million pounds, as the U.K. suffers a “sharper downturn” and slow recovery, said Rohith Chandra-Rajan, an analyst at Barclays Capital, in a note to clients today. Royal Bank of Scotland Group Plc’s provisions for mortgages may be less than 1 billion pounds, Barclays Capital said.

hangon - £1 by Christmas is a meaningless, throwaway satirical line which I think most people would recognise as such. My apologies if you were misled. But it would be nice.........

Lloyds s/p 800 eurosplots by 3012. Hail to the great empire euroworld!!!!! One bagette= 4 decisplots. 1 decisplot = 1000 eurosplots. Get the picture???

no

LLoyda reduce its Euro exposure at 1.34.

remember the useless muppet is back today you should of sold the man is a loser
and they should of replaced him . you now know the board are crap.

skinny he is not that clever the muppet above looks to bright

Tanker - he really isn't!!

lol.

Lookin' good!

Depends when you bought :-)

Skinny - Cheer up it can only go up from here ?

I bought a wad at 29p, so from a purely selfish point of view.........:o)

Harry/Nar1 - yes sorry - I'm bored - I'm in profit on my last purchase and @40% down overall - slightly better with RBS.

I thought it couldnt go lower at 60p????

All Banks seem to be doing ok