JPM must be offloading a few this morning, otherwise the 16 bob would be long gone Skinny

Yes I did expect a little more.

Credit Suisse Neutral 79.28 72.00 72.00 Reiterates

Investec Buy 79.28 85.00 85.00 Reiterates

I sold LLoy sbs. yesterday and bought back at a smidgeon lower this am..

==-=-==

It would be nice to see 90 over the next few weeks.

Toying with 81p.

HMG < 22%

UK raises further 500 million pounds from Lloyds share sale - Osborne

Osborne needs it .for his books

Morgan Stanley reiterates overweight on Lloyds Banking Group, target raised from 94.9p to 99.6p

Jefferies has removed banking group Lloyds (LON:LLOY) from its list of stocks to avoid and moved to a more moderate 'hold' investment rating (from 'underperform'), which it stated was due to the better risk/reward balance.

"A progressively rising dividend (4.2p in '17E from 0.75p in '14) should provide support for LLOY's premium p/tbv valuation, despite a persistently material gap between so-called "underlying" and statutory earnings and lack of earnings upgrades," the broker said.

"Reward/risk is no longer asymmetric to the downside and we move to Hold as a result."

Analysts have also boosted their price target to 88 pence a share from 69 pence and added that under its upside scenario the shares could be worth as much as 97 pence.

Anybody have ideas what is holding this shares price back?

Is it due to government sell off overhang fropm recent Government sell off?

I reckon or hope nearest target price should be about 95 plus.

I sold off some at 81+ and bought back about about 78 expecting more.

TPs vary 84-100, but projected PE and yield susggests (to me) there may be more!

It is the time span which is annoying!

A downgrade today Fred - the broker notes for April :-

09 Apr 15 Investec Hold 79.34 85.00 84.00 Downgrades
02 Apr 15 Credit Suisse Neutral 79.34 72.00 72.00 Reiterates
01 Apr 15 Societe Generale Buy 79.34 96.00 96.00 Reiterates
01 Apr 15 Morgan Stanley Overweight 79.34 94.90 99.60 Reiterates
01 Apr 15 Numis Buy 79.34 97.00 97.00 Reiterates
01 Apr 15 Jefferies International Hold 79.34 69.00 88.00 Upgrades

Skinny,

Thanks for that.

Missed the update!

Credit Suisse is generally depressing for me!

Tossing a coin whether to sell and use cash for other punt.

Barc sbs are beginning to move as I expected.

May increase longs.

Broker notes...and what do they know, they all come to a different target price and not one gives a 'target date'

True - apparently this bloke knows more and he knows nothing!

LOL...a classic!

I have been waiting and waiting on this for over a month for it to drop a couple of pence but it isn't in the mood. I'll keep waiting in the anticipation that sooner or later one of the politicians will say something scary and either the FTSE or LLOY will fall back.

I do hold quite a few I bought 3/4 years ago. I sold half recently between 78.5 and 80.0 and I'm looking to buy some of them back a bit lower.

RBS looks better value to me

C.C.

My guess is that it will hit 82, if it does ???.

Over all trend is up!

the MACD and RSI, stcoastics are for me positive

The volumes are ?????????

But, I am ? May 7th and its effects before the date.

But have long term shares and short term SBs.

PS..

Looking at RBS.

But 3-6 month trend is downward.

Also, projected earnings for me fit the price.

But short term Charts look interesting and positive.

Have been watching.
.
Maybe list, but want to cut overall holdings for a month or two!

Conservatives aim to sell Lloyds shares to small investors

Date Broker New target Recomm.
24 Apr Investec 84.00 Hold
24 Apr Numis 97.00 Buy
23 Apr Deutsche Bank 94.00 Buy
22 Apr Exane BNP... 100.00 Outperform
21 Apr Deutsche Bank 94.00 Buy

Bought some more this morning at 76.8 Not sure whether to trade them or leave them as a long term investment

1st Quarter Results

Continued improvement in financial strength and performance
· Underlying profit of £2,178 million, an increase of 21 per cent on the first quarter of 2014
· Total income up 3 per cent to £4,644 million
- Net interest income of £3,021 million, up 7 per cent, primarily driven by margin improvement to 2.65 per cent
- Other income of £1,623 million, down 6 per cent on the first quarter of 2014 due to business disposals in 2014 and lower Retail fees and commissions, but up 5 per cent on the fourth quarter of 2014
· Total costs flat year-on-year with increased investment in the business; cost:income ratio of 47.7 per cent (Q1 2014: 49.3 per cent)
· Impairment charge reduced 59 per cent to £177 million; asset quality ratio improved 20 basis points to 0.15 per cent
· Profit before tax and the sale of TSB up 37 per cent to £1,874 million
· Loss relating to TSB sale of £660 million
· Underlying return on required equity of 16.0 per cent, up 3.0 percentage points on the first quarter of 2014
· Strong balance sheet and liquidity position with a CET1 ratio of 13.4 per cent, up 0.6 percentage points in the quarter;
a total capital ratio of 22.6 per cent; and a leverage ratio of 5.0 per cent (31 December 2014: 4.9 per cent)
· Reported statutory profit before tax of £1,214 million
· Tangible net assets per share increased to 55.8p (31 December 2014: 54.9p)

Strong start to next phase of strategic journey; continued focus on supporting customers and the UK economy
· TSB sale will enable the Group to meet its commitment to the EC ahead of the mandated deadline
· Creating best customer experience through multi-channel, multi-brand strategy; increased investment in digital
· Continue to become simpler and more efficient through process redesign and automation
· Delivering sustainable growth in key customer segments
- Net lending of £1.1 billion to SMEs over the last 12 months, up 4 per cent in a declining market
- UK Consumer Finance lending growth of 17 per cent over the last 12 months
- Continue to target mortgage growth in line with the market; £2.2 billion lent to first-time buyers in the first quarter, providing one in four mortgages
· UK government stake reduced to 20.95 per cent (as at 23 April 2015)
· Continue to support our communities with contributions through our Lloyds Bank and Bank of Scotland Foundations, which gave over £19 million in grants to charities in 2014
· As part of our Helping Britain Prosper Plan we have committed to give at least £100 million to the Foundations by 2020 to support their work across the UK

Guidance for 2015 improved or reconfirmed. Well positioned for further progress in 2015
· Expect net interest margin for the year to exceed original guidance of around 2.55 per cent
· Expect other income to be broadly stable in 2015
· Full year asset quality ratio for 2015 now expected to be around 25 basis points (previously around 30 basis points)
· Full year cost:income ratio targeted to be lower than 2014 ratio of 49.8 per cent


more....