100p

When?

End January, when they start talking about dividend, IMO.

Wow! Can't wait! Should have bought some more in November. Hindsight and foresight are wonderful things. I hope you are right.

38p now history (hopefully) a close above 40p would be positive.

chuckles- 12 Jun 2012 19:29 - 4131 of 4161

Should have got in at 25p but anything sub 30p is theft. It won't be down at these levels forever, one for the SIPP

----

Follow Chuckles and you won't go far wrong. ta da

Hi Chuckles,

Can we invest SIPP in houses? or Shares?

My close friend is GP and is interested to control all his money himself, paying over £20k for pension. Any guidance would welcome.

ahoj, you can certainly invest in shares that's for sure. Houses, no idea if you can do that directly other than through a property fund.

Ahoj, at the risk of providing free advertising this link might help

SIPP Stuff

You can only invest in commercial property via your SIPP - not residential. Ideal if you want to buy your company offices etc.

There is plenty of information out there - here is an example - Buying a property in a SIPP? 7 hints & tips

Broker snap.....

19 Sep Lloyds Banking... LLOY Bank of America Merrill Lynch Buy 38.73 38.86 55.00 60.00 Retains

60p SP Target.

THank you guys for comments about SIPP.
Discussing with the providers It appears that final salary pension is better than SIPP. Still confused though.

21 Sep Lloyds Banking... LLOY UBS Buy 39.76 39.32 50.00 50.00 Retains

50p SP Target.

Lloyd's Insurance Back In Profit (£1.5bln)
http://uk.finance.yahoo.com/news/fewer-disasters-puts-lloyds-back-081036069.html

Lloyd's of London, not Lloyds TSB. Different entities.

Oops, really! Thanks.

It shouldn't be a reason for the weakness.

UBS note out today:
"The UK banks have not heeded exhortations to raise external equity in our view as they simply do not need it. However, we see a risk that the market will focus the absolute equity level requirement as leading to a risk of new equity issuance, to the detriment of current equity value.
Banks are being asked to hold absolute levels of equity, rather than equity being expressed as a proportion of risk assets or total assets. This is a profound change and puts the UK seemingly at odds with all other major economies. However, we believe it is not in itself negative for banks - indeed both the FPC and the FSA characterise the changes in the round as aimed at increasing UK lending by the banks. However, each statement and several others recently from Bank of England officials ... have all focused on having banks raise equity. We believe that the market is likely to become concerned that the absolute levels of equity the banks are being asked to hold may be higher, or substantially higher, than their current equity bases.
* Net UK lending growth is set to be minimally or zero risk weighted. This is designed to encourage banks to lend, although we note the market and rating agencies will likely still look for capital to be held against incremental risk
* This follows from the Funding for Lending Scheme (announced in June) and links with the FSA's loosening of liquidity requirements, detailed in the recent statement. In isolation, the zero weight is positive for the banks and will encourage lending. However, we believe it is clear from the FPC statement that it believes banks may have losses still to recognise from legacy and current books and that therefore this zero risk weight is in effect a 'carrot' to be offered to potential equity investors in new bank equity issuance - the 'stick' being this requirement to increase equity.
We have reduced our price targets by 10% at RBS and 12% at Lloyds to recognise the uncertainty around the potential equity issuance given legacy issues at both; we have also delayed Lloyds dividend resumption into 2014E. Our new price targets are 292.5p and 44p and we move our rating on both to Neutral from Buy; limited upside also brings us back to Neutral from Buy on Barclays."

There is plenty of negative bank orientated sentiment about today.

JPMorgan sued over Bear Stearns mortgage securities

EU says banks should split risky trading from banking

Spain bailout uncertainty pushes European shares lower