Hello Share Noshers. This primigenial punter wants to steer you back to Lloyds Banking Group (LLOY) shares. I do so in the uneasy knowledge that I’ve suggested this bank is undervalued for most of this year and that its rise I have much-vaunted hasn't happened yet.
Hello Share Folks. There’s a common perception that buying shares in Footsie jumbos is safer than penny shares. But it ain’t necessarily so. Therefore, it seems more sensible to have a mix of pennies, medium caps and Footsie members. As well as keeping at least 10% of your pile in cash.
Hello Share Fans. This antiquated punter has spent a lifetime marvelling at the ingenious plots of Agatha Christie. Today, I finally gleaned the secret. She always takes the most unlikely scenario and goes with that. This gambit also illuminates one of the biggest secrets of successful share trading. Companies don't always take the path expected by most analysts. Take Lloyds Banking Group (LLOY) for instance.
Hello Share Walkers. All the high street banks are currently undervalued in my humble view. But the one I think is the best bet for share shifters now is the Black Horse stable. Yes, I know I’ve made this suggestion more than once before, but I think there’s even more of a case for your interest now. Here’s why.
Hello Share Stumpers. Where possible this old punter will try to find promising penny shares for you to look at. And one such cheapo, believe it or not, is the mighty Lloyds Bank (LLOY). A few months ago the shares were only 50p a throw. Now they’re not even at that lowly level. A poor statistic for a Footsie stalwart, don't you think?
Hello Share Grabbers. When I took out a mortgage in the 'eighties, the interest was about 10%. Viewed in that context, current interest rates are low. They’re expected to reach 5% soon and stay that way for another year. However, folks have got used to negligible interest rates and have paid more for their homes as a result. But what seems to be largely overlooked is the effect on banks of charging more for mortgages.
Hello share grabbers. Banks in America are still suffering a lack of confidence and their share prices continue to wobble. The latest drops affected were California’s PacWest Bank at 50% and Eastern Alliance at 40%. Nasty! So is it still a good idea to invest in Britain’s High Street banks?
Hello Share Callers. As the British market’s still closed for the bank holiday, allow me to tell you about the three old favourites I hold that I’m most optimistic about…
Hello Share Mongers. The Footsie has yet to recover its poise after those nasty bank scares in the US and in the land of William Tell. But it will. Because the fact remains that British shares were generally cheap before the bank chaos - and they’re even more likely to be a bargain now. So how do we play it from here?
Hello Share Thrashers. It’s been a dire week for share shifters like us. It began with a relatively small techno bank in the US hitting the skids. Then the much bigger outfit Credit Suisse got into hot water and had to take loans from the Swiss Government. And shares in another US bank First Republic fell 25% on Friday after the bank said its was suspending its dividend "during this period of uncertainty”.
Hello Share Fans. Sometimes laziness pays off. Having extolled the opportunities of investing in British banks, I was waiting a respectable period before I began piling into Barclays (BARC). But when I could have done so (and not broken strict Shareprophets writer's rules) I couldn't be bothered.
Hello Share Scrapers. This old punter is now moving cash from his interest-paying building society to my several brokers. The idea is to be absolutely ready to move from currently 90% cash back into shares. At present, the Footsie is stagnant, but recent trends lead me to believe that the trek north will gather steam. In other words, I’m returning to my natural state of bullishness.
Hello Share Speakers. Yes, I know the Footsie has been on a small roll so far this year. But I’m still reluctant to go back into shares. Though this week I did buy Lloyds Group (LLOY) because I’m not the only one who thinks banks have been forgotten by investors who should have realised that rising interest rates benefit the big four.
Hello Share Takers. The case seems to be growing for buying shares in Britain’s high street banks. The biggest driver of the stock is the rising interest rate. Banks will earn more from the money they lend out. But they don’t seem to be offering bigger rates of interest on accounts, if they offer anything at all.
I have never admitted this publicly before, but when I was 18 and setting up a university bank account I wanted one at Lloyds Bank (LLOY). However, it never worked out and I ended up with one of its competitors (absolutely nothing to do with the extra ten quid offered as a “joining bonus”). And, funnily enough, I have never owned Lloyds Bank plc shares either during my investment life, as there was always something potentially better or more interesting or something else. Nevertheless, I listened to the group’s conference call earlier today for a bit of light corporate earnings season excitement. What did I make of the “fast evolving and uncertain environment”, where apparently “the group is performing well”?
The tweet below is from Halifax, part of the Lloyds (LLOY) banking group. Those who spoke out were told to take their business elsewhere. And they will. "Go woke, go broke."
Hello Share collectors. Lloyds Bank (LLOY) took a hit yesterday even by the standards of a sad day when war broke out in Europe. The shares had been moving up, albeit very slowly, for some time before full year results came out yesterday. They weren’t so bad, it’s just that the City seemed to have expected something rather better.
