Fresh from its successful pass of the stress test more of Lloyds (LLOY) is going to be sold off by the UK government. As I’ve mentioned, the UK government currently owns around 24% of Lloyds Banking Group, but this figure could be reduced to around 20%.
Lloyds (LLOY) has passed the recent ‘stress test’ imposed by Prudential Regulation Authority, the Bank of England’s regulator. This test examined whether banks could cope with a severe economic downturn. The woes included a 35% drop in house prices, a hike in interest rates and unemployment reaching a high of 12%.
Hello Share Mashers. Each time I do a piece about Lloyds Group (LLOY) it shoots to near the top of the Shareprophets 'most read' list.
.Hello Share Shunters. There is always a welter of critical items on this fine website. Unlike most financial sites, there is not an over-arching bias to praising companies to the skies.
Lloyds (LLOY) results yesterday made mainstream news. There was plenty of interesting information in there for investors. Let’s start with perhaps the most shocking aspect.
Thankfully all the UK Banks have passed their stress tests, however Lloyds only just managed to. The tests were implemented by the European Central Bank, and were designed to see if they could cope with a three year downturn. 130 banks in all were tested, with 25 failing, a large proportion of which were Italian. Monte dei Paschi was a notable Italian failure, and its shares have tumbled down 20% today. Regulators have banned all short selling of its stock.
Lloyds Banking Group (LLOY) has been quite a volatile stock lately, but its shares enjoyed a slight Friday rise to 76.74p. Although these reports are not confirmed yet, mainstream news channels have been reporting that they Lloyds aims to cut 9,000 jobs, approximately a tenth of its staff.
Lloyds Banking Group (LLOY) shares are currently trading at 74.01p with a PE that is hard to determine of and a yield of 0%. Some estimates give the current year PE as 10 at the moment. Does that make it a buy or a sell?
Hello Share Sharpers: Uncle Tom is showing his tremendous moral courage on this outstanding website yet again. Let’s all marvel at some of his forthright and detailed posts over the last few days. May I also exhibit a small show of bravery by drawing your attention once again to Lloyds Bank (LLOY). This is perhaps more foolhardy than courageous, though, as the beggars have let me down so often since the big crunch days of 2008.
Hello Share Sifters: Everyone I know – well, about 20 of them, have shares in Lloyds Group (LLOY). They are hopeful that the Government will put its slice of the company up for sale at a quid a share. Also that a dividend will start to come their way.
It's the good old summertime And shares, according to Uncle Tom Winnifrith, are about to end in tears with a sudden end to the bull run. So I thought I would stage a little diversion from my usual favourite subject of shares which are going to rocket, by looking at a different kind of speculation.
Hello Share Mates: It's gratifying to find that my view expressed on this magnificent website that it was worth stagging TSB shares turns out to be on the button.
Hello Share Spinners. Most people get their cars serviced. Far fewer bother to get their own bodies serviced.
Hello Share Shakers: May I return to the vexed question of Lloyds bank (LLOY)? I do it with fear, because every time I mention this institution in a friendly light, there is another whammy in the wings to send the share price crashing down again.
Hello Share Ticklers: This is a really difficult time for armchair tycoons like us. We sell a load of shares to balance our tax position on the last day of the old financial year, April 5th – though this time it was really April 4th, due to the inconvenient timing of the weekend.
Hello share movers. I have to be a bit careful about what I say about Lloyds Group (LLOY). When you have a loada dough invested in a company, then you become a little optimistic. And maybe I shouldn't be.
Hello Share Shunters: Lloyds Bank (LLOY) has lost me a lot of money. The latest news – and there seems to be bad news every week – is that they've had to set aside another shedload of money to pay for poor insurance advice in the past.
Greetings Share Movers: I've had a really good week. For a change my bag piled on more value than the average for a fairly modest rise in the Footsie.
Hello Share Swappers: For a change, it's been a good week for the banks. My usual rush to finish my tax return before the end of January deadline was enlivened by watching Lloyds (LLOY) rise fast.
Hello Share Monkeys: It can be dangerous to talk about patterns of behaviour in Shareland. As you know, the whole shebang is contrary and does not follow the normal rules of logic.
