Excellent past couple of days here at the office. As posted on here re’ the stress testing both Lloyds and Barclays have had very decent rises, even RBS are on the up.
News may well be much better than expected re’ Lloyds performance/results. Hard one to call but the market seem to think that British banks are currently in a good position to deal with any double dip that may or may not come.
IF CURRENT TRENDS CONTINUE OVER THE NEXT WEEK OR SO EXPECT A PLETHORA OF NEW PRICE TARGETS FROM THE BROKERAGES.
KEEP THE FAITH WITH LlOYDS HUGELY UNDER-VALUED IN MY HONEST OPINION AND IT WILL NOT BE LONG BEFORE DIVIDENDS ARE RE-INSTATED HOLD FOR THE LONG TERM.
great investment.
Daniel
Will the price rise dramatically if the divi is back? What do you have in mind as a target price for both?
When the divi is reinstated (Probabley 12/18 months) the UK Government holding company will begin to off-load their stake.
If the divi’ was reinstated tomorrow the sp would rise consequentially to the dividend payment plus an extra 5/10% depending on how well II’s received it.
Dan