skinny
- 16 Jun 2018 09:10
skinny
- 16 Jun 2018 09:10
- 2 of 29
skinny
- 17 Jun 2018 09:30
- 3 of 29
skinny
- 18 Jun 2018 07:33
- 4 of 29
Morning!
In the US on Friday, the Dow finished down 84.83 at 25,090.48 the Nasdaq down 14.66 at 7,746.38 and the S&P 500 down 2.83 at 2,779.66.
In Asia, the Nikkei was recently down 171.46 points at 22,680.33 - the Hang Seng down 130.68 at 30,309.49 - crude oil traded at $65.06 a barrel and Brent at $73.44.
Gold settled at $1,274.60 an ounce.
Trade well and prosper.
skinny
- 18 Jun 2018 07:33
- 5 of 29
kimoldfield
- 18 Jun 2018 07:50
- 6 of 29
Good morning!
CC
- 18 Jun 2018 08:42
- 7 of 29
Good morning.
Picked up some more LLOY CFD's at 61.79 this morning and AV. seems to be getting a small kick from merger rumours in the sector.
got my eyes on STAN but selling strong on L2 so maybe today's not the day for that one.
skinny
- 18 Jun 2018 09:16
- 8 of 29
CC
- 18 Jun 2018 17:18
- 9 of 29
To wrap up the day I've closed my AV. short term trade for 0.5pts. I had a decent profit on it but then watched it all disappear.
Closed LLOY from today as well although still running short term trade from 64 and long term position.
Markets hate the financials at the moment.
CC
- 19 Jun 2018 07:43
- 10 of 29
Go to sleep feeling relaxed about overnight longs. Get up and Trump has spoken.
Just another day in the office for Trump
kimoldfield
- 19 Jun 2018 08:26
- 11 of 29
Good morning!
Fred1new
- 19 Jun 2018 11:57
- 12 of 29
CC.
What price would you buy LLOY's at?
CC
- 19 Jun 2018 12:58
- 13 of 29
ROFL Fred.
Long term I have purchases at 39.6p from Aug 2011.
I then added at 73.6p in October 2015 and 64.9 in March 2018
I then bought some CFD's to short term trade at 63.97p a few weeks ago as I thought we would never see such a great price again. The next day the government sold it's RBS and since we've had government dithering over Brexit and Trump's trade wars.
Imho LLOY now gives 4.98% dividend and there should be some share price appreciation over the next 3 years as the company rebuilds, increases the dividend and does the share buy back.
So, I'm a buyer right now as part of a balanced portfolio. I think there are shares were you can argue there is a better yield but these don't offer the same chance of the share price going up.
I would buy more but I'm fully invested right now and don't feel like selling anything I've got to buy more LLOY. My favourite pick given available funds is MARS right now where I've collected a decent amount. It's just exited the FTSE 250 and comparing the share price performance with the rest of the sector but especially GNK tells me MARS is well out of whack right now.
My concern would be that share prices seem to be trending towards a valuation based on their yield with little thought towards underlying profit growth or NAV. I have no evidence for this but everything is risk off at the moment and you can see how any profit miss such as AHT today is affecting share prices. If my thoughts on this are correct then if funds are only holding shares for the yield, the rising bond yields aren't helpful. On the other hand with LLOY this should help NIM (net interest margin) allowing an increase in profitability and therefore dividend as interest rates go up.
So, all in all a good place to be. Decent dividend, big share buy-back and increasing profits assured as interest rates go up.
Right now if I had to pick a bank I'd pick RBS though. As the dividend appears sometime in the next year the funds will start buying for the income. I have more than twice as many RBS as LLOY. To date this strategy hasn't worked out for me as it's taken far longer to repair RBS than I originally envisaged
skinny
- 19 Jun 2018 13:55
- 14 of 29
Fred1new
- 19 Jun 2018 14:49
- 15 of 29
CC.
Thank you for the summary.
I have bought and sold LLOY at an overall profit. (8.8%) over too long period.
Should not have rebought at the price I last did.
Hold SBs and shares, the expectation being a rise.
But when?
CC
- 19 Jun 2018 23:30
- 16 of 29
Probably be December for the Christmas bonuses!
kimoldfield
- 20 Jun 2018 07:20
- 17 of 29
Good morning!
skinny
- 20 Jun 2018 07:23
- 18 of 29
CC
- 20 Jun 2018 08:22
- 19 of 29
Good morning
kimoldfield
- 21 Jun 2018 07:48
- 20 of 29
Good morning!
CC
- 21 Jun 2018 08:59
- 21 of 29
Another morning in the house of fun. Another blue day would be helpful