Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Malcolm Stacey’s Share Tip of the Year Number 1: Buy Lloyds Banking Group at 77p

By Malcolm Stacey

24 December 2014 23:00

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Lloyds (LLOY) is a bank which deserves a better share price. Its shares reached 86p in 2014, which was a huge improvement on its best performance in the year before.

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Comments

paul

25 December 2014, 02:40

Malcolm.

Not for me. I don’t see LLoyds making significant progress, in fact, they only just passed their stress test. This would suggest there is a need to raise more capital funds, so that dividend drifts further into the sunset!

LLoyds has a very large mortgage book. If you believe house prices are going to rise rapidly, then its a good share. I don’t share that view, I think interest rates will have to rise (probably later in the year), this will come as a major shock to all who haven’t accounted for such an event. We have lived in a low interest rate world for so long, I expect many have got used to it, and take it as the norm? I don’t see rapid house price growth with these pressures against them, so Lloyds will tread water, at best.