Sorry, to be less than cheerful.

Not like you Fred.

Hi CW,

I guess we often get this question from new traders when things aren't going quite to plan. The answer is that it's very difficult to advise as we don't know your personal circumstances and further if we were expert at predicting where shares prices were going we would be very rare indeed.

What probably most of us would say (and we tend to be long term investors) is that in the long run LLOY will go up (because the underlying business is doing fine and sooner or later increased profitability will push the share price up).

However, in the medium term who knows. If we get a good Brexit outcome I think LLOY might gap overnight to 75+. If we get a bad Brexit (WTO rules) I fear it will fall initially and then recover as investors realise things aren't as bad as they seem. Sometimes the stock market prefers certainty. It is possible LLOY might go up on any outcome as the damage that is being done to the UK with indecision is hurting everyone.

Not much help I guess.

I am not sure what you mean by "suffer the quarterly fee". Perhaps you could expand on this.

I think he means that if you do not execute any trades within a given 3 month period, many brokers charge a quarterly fee due to inactivity.

ah - that's never happened to me. I don't think my brokers charge inactivity fees anyway. Perhaps something to think about.

I thought it was when somebody was cut into quarters.

Damn.

Fred....be careful ......your developing a sense of humour.

HI GUYS,MANY THANKS TO YOU ALL. WHAT A RESPONSE.! Thank you again for taking time out to respond. It has been very helpful kind regards

CW.

Adding to your misery of choice.

If you haven't already read it have a look at:

https://uk.reuters.com/article/uk-britain-eu-nissan/nissan-rbs-join-chorus-of-warnings-over-disorderly-brexit-idUKKCN1ME0IA?feedType=nl&feedName=ukmorningdigest&utm_source=Sailthru&utm_medium=email&utm_campaign=2018%20Template:%20UK%20MORNING%20DIGEST%202018-10-04&utm_term=NEW:%20UK%20Morning%20Digest


-=-=-=-=-=

Also note from from short tracker that a number of builders are being shorted.

https://shorttracker.co.uk/

Of course I hold them.

SSSSSHHHHTTTT

Oh fred...... I'm feeling smug... had PSN at £25 pocketed
Div ..... very nice. Day before second div sold the lot at £28.
Soooo glad i did....... £23 now.

C'est la vie.

I have eaten to-night.

Many haven't!

Responding to press reports, Schroders said it is in discussions with Lloyds Banking Group about working together "in parts of the wealth sector". Last week there was speculation that the fund manager was poised to win the £109bn mandate to manage Lloyds' Scottish Widows investment assets.

Chart of the week: A big question for Lloyds Bank shareholders

Trading statement tomorrow. I can't think of any major impairments that have occurred since the last, so should be positive.

StockMarketWire.com
Lloyds Banking Group's profits topped analysts' expectations in the third quarter despite falling modestly compared to a year earlier. The bank also announced that its Chief Financial Officer, George Culmer, would retire in the third quarter of 2019.

Underlying profit before tax fell 0.5% to £2.07bn and underlying return on tangible equity rose to 15.9% from 15.6%. Analysts at UBS had estimated Lloyds would report pre-tax profits of nearly £1.96bn.

Statutory profit before tax fell 7% to £1.82bn, while its common equity tier one capital ratio was 15.5%.

Net income rose 2% £13.4bn, with net interest margin stable in the quarter at 2.93%

The bank said it remained on track to deliver on improved financial targets for the full-year announced in August, as well as all of its longer term guidance.

Not bad Harry, considering restructuring and strategic investment costs. The PPI drag seems to be finally under control.

I heard the other day that beneficiaries of a will can claim for historic PPI, so that saga still drags on !
Would be nice to see the trend reverse on the graph sometime soon....getting fed up with seeing sub 70p.

Well it is blue today for a change. I'm afraid that PIs have little influence these days with high frequency trading so prevalent. The price goes where they want to take it. It is claimed that HFT provides liquidity but it really leaves the little guy at its mercy.

+1.4% on another crappy day on FTSE so I that's a result I guess.

It does shows just how pessimistic the large players have become on the UK.

A share price of 57.5 despite the rise of 1.4% is still down on the month as it started the month at 59.7.

I would like to hope this is the turning point in the share price.

Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 77p (from 74p).

Good to see that Harry, but unfortunately the market isn't listening :-/