Comments on: Why I’ve bought Lloyds Banking Group

By: Derek

Derek — Sat, 21 Apr 2012 10:32:36 +0000

Looking at a share price of 29p, Lloyds looks like a bargain at the moment to me. Assets in excess of 950 millions, turning a profit for the first time since the merger and of course, being allowed to pay dividends again makes Lloyds shares look very attractive as a long-term buy.
I’m trying hard to be emotionally detached, but the more I read/study, the more this firm looks like an incredibly exciting buy at around the 30p mark.

By: The Investor

The Investor — Fri, 24 Feb 2012 12:20:35 +0000

@Russ — I can’t give advice on what anyone should do. For my part, I do hold some Lloyds shares, and I topped up when they were in the mid-20s. I agree the results looked pretty good, stripping out the PPI and accepting that it’s still a car-crash due to the HBOS merger. You can see a very profitable company emerging in a few years, provided the Government doesn’t mess it up again (splitting it up etc).

By: Russ

Russ — Fri, 24 Feb 2012 09:36:50 +0000

What are your thoughts on the Lloyds shares now. Aside from the wobble yesterday do you think now is time to get in?

Discounting the skewed ‘loss’ of £3.5bn thanks to PPI they seem to be stable at least?

Would be interested in your thoughts.

Thanks

By: The Investor

The Investor — Wed, 02 Nov 2011 10:20:35 +0000

@Claude — Unfortunately yes, I do still have a small holding (certainly smaller than it was!) I am hanging on for the long-term with them, as I think the risks of further implosion are outweighed by the likely business model and strength of Lloyds in the medium to long term.

By: Claude

Claude — Tue, 01 Nov 2011 12:32:55 +0000

Hi there, just found your article! Do you still have Lloyds shares?

By: The Investor

The Investor — Mon, 07 Dec 2009 17:44:22 +0000

Hi John – I don’t like to give individual advice as I’m not a qualified financial adviser, and also I’ve sold my Lloyds shares (as mentioned here).

Personally, I might look again at Lloyds when the Rights Issue has cleared up – I got spooked out by the withdrawal from the Asset Protection Scheme, and the (then) uncertainty about what Lloyds would be made to dispose of by the EU. The latter looked hard but fair and still left a potential powerhouse. The former (leaving the APS) changed the investment case, so I’ll try to look again at Lloyds when/if the Rights Issue is successful.

In my personal opinion Lloyds is basically a bet on there not being another banking crisis AND a bet on UK GDP. I’m more optimistic than many on the latter on a five year view.

By: john

john — Mon, 07 Dec 2009 13:40:22 +0000

I have only 714 ISA shares but can have another 956 at 37p for £353.72p is this a good investment for long terms
Tanks john

By: The Investor

The Investor — Mon, 02 Nov 2009 19:30:17 +0000

Hi Simon,

I’m unable and unqualified to give individual advice.

As I mentioned in the following post of October 21st though, I have sold all my Lloyds shares:

http://monevator.com/2009/10/21/breaking-up-the-banks-is-hard-to-do/

Good luck!

By: Simon

Simon — Mon, 02 Nov 2009 15:56:52 +0000

I bought at roughly the same time and now feel a little uncertain – though it is of course too late unless I want to sell at a loss. But given subsequent and more recent events what do you think now?