Lloyds TSB

[ytrebil]

118.50

Jesus Christ. I have City trader mates who were snapping these up at 300p and considered them a bargain although they did say it was a long term investment.

[s,one]

The way they run my business account I'd say it's still over valued.

[ytrebil]

Every time I go in to pay in some money I always get asked if I've had my account reviewed. Which is bks. They don't want to review my account, they want to try and sell me a Platinum account which offers me everything I don't need!

Still, interested to know people's thoughts on the Lloyds TSB current share price and forecasts.

[dibbly_dobbler]

I'm astonished they're so low ! I can only assume the market is pricing in a period of 'indigestion' after the HBOS takeover or is it the forthcoming issue of new shares diluting the value of the existing ones ?

For what it is worth I think they are a huge cash generating machine which will surely rumble back to life in the next year or two and (once the pesky preference shares are paid back) the dividends will start to flow and the price will return to 'normal' levels - say £3 - £5 ?

All in my relatively uninformed opinion of course !

[m4tt]

RBS is nearly in the 30s too! Can't be a bad time to invest for the mid to long term. Or even the short term.

Edited by m4tt on Thursday 20th November 19:03

[VX Foxy]

GLOL!

[okgo]

anonymous said:

[redacted]

[Hobo]

anonymous said:

[redacted]

No wonder they're in the f@cking state they are !!!

[m4tt]

What exactly is your problem with my comments?

Edited by m4tt on Thursday 20th November 18:43

[okgo]

No problem, just a fairly silly thing to come out with given your occupation.

Good day.

[m4tt]

I honestly don't see a problem. Merely making a comment that they are very cheap. They will offer a good P/E ratio if and when dividends are paid, same applies to Lloyds TSB and BT shares. I'm not offering any advice just factual statements and an opinion, which is well within the rules.

If a car dealer said the price of a car was cheap would that be a problem?

[LD1Racing]

Go back and re-read your post and let us know why it could be seen as a pretty daft statement.....

[m4tt]

Aaaaahhh the powers of half-cut posting! My mistake, didn't re-read it properly either. Anyway editted to avoid any confusion. However I will add it was tongue in cheek.

M

[dibbly_dobbler]

m4tt said:

Aaaaahhh the powers of half-cut posting! My mistake, didn't re-read it properly either. Anyway editted to avoid any confusion. However I will add it was tongue in cheek.

M

You were doing fine up until the 'as long as they dont go down' bit! As it happens I agree they are cheap - anybody think RBS will still be under £1 per share in 2 years time ?

[m4tt]

Well we all make mistakes...

Even if they are only £1 that is still a 150% return! I wouldn't like to predict price rises in any of the banks, however I feel that it can't stay this low forever, and history has told us that markets will recover. How long is anyones guess.

[dibbly_dobbler]

anonymous said:

[redacted]

A chum of mine bought into RBS at 160 ish then tried to cover the losses by getting another bundle at 66 - oops ! There's definitely going to be a massive rebound at some stage. Dont think there is much logic behind the current prices - investors are just running scared.

[zadumbreion]

so if I had 100k which I was going to use to offset the mortgage (it's a scary mortgage)

Should I

- stick to the plan and put it against the mortgage
- buy 100k worth of RBS and / or Lloyds TSB?

Answers please!

[m4tt]

If it will keep you up at night then stick it on the mortgage, if you are comfy with the risks then it definately is a good option to consider!

[zadumbreion]

m4tt said:

If it will keep you up at night then stick it on the mortgage, if you are comfy with the risks then it definately is a good option to consider!

seriously though - what is the biggest risk?
Yes, I know how naive that sounds.. but really.. what are the realistic risks?

[LD1Racing]

zadumbreion said:

m4tt said:

If it will keep you up at night then stick it on the mortgage, if you are comfy with the risks then it definately is a good option to consider!

seriously though - what is the biggest risk?
Yes, I know how naive that sounds.. but really.. what are the realistic risks?

If you had $1,000,000 of Enron shares before they collapsed, they would have been worth $3,500 after. An extreme example perhaps, but there is still a (slight) risk that it will all go t:ts up

blah blah may not be suitable blah bla understand the risks blah down as well as up blah blah

I personally wouldn't risk 100k in any one equity at the moment, better to spread the risk over a few well established companies with good fundamentals and in a few different market sectors