frog_in_a_tree
22 Feb 2020
LLOYDS is going to FLY BAdder, Decimate would only be 1 in 10, not a quarter. Although it is too early to make an accurate estimate of the mortality rate of coronavirus, early indications from China are that it is around 2 to 3% so quite a long way from your 25%. Cheers, Frog in a tree
J_Westlock
22 Feb 2020
LLOYDS is going to FLY BrownAdder: This virus is an excellent catch-all excuse It would be nice to have detail when companies say they’ve been impacted by their supply chain… which we’ll hear a lot of for next 12 months. BrownAdder: On the flip side if it does decimate the global population by at least a quarter then we all should be richer, a horrid thought I confess Some way to go yet… a 1/4 would be about 2 billion… but only 2,000 odd dead thus far.
BrownAdder
22 Feb 2020
LLOYDS is going to FLY This virus is an excellent catch-all excuse On the flip side if it does decimate the global population by at least a quarter then we all should be richer, a horrid thought I confess
PrefInvestor1
21 Feb 2020
LLOYDS is going to FLY Hi @J_Westlock, I’m sorry to read that you are in an underwater position on LLOY, I hope it is not a large one. However bad it cannot compare with regardless with his 500,000+ shares at an average of over 60 - that’s just scary, but it is the course that he has deliberately chosen. I have a strongly held personal view formed over many years that “big holdings make for big lossesâ€, which is why I will never invest more than £10,000 in anything and often much less than that. I am much happier having a large number of smaller holdings than a small number of large ones. I also usually bale out of any investment if it ever gets to a situation where it is more than 10% down in total return terms. Combined with my small holding sizes that means that the most I can lose on a failed investment choice is sort of £500-£1,000. That’s the plan anyway. I have seen too many investments (mainly single stocks) deteriorate hugely over time – for example VOD, CNA, INTU, KIER, RMG, BT.A to name but a few, all but one of which I have held at different times. The “just hold and hope they recover†and/or “averaging down†(often aka “throwing good money after badâ€) just doesn’t work every time – and finding yourself with a big underwater holding in one of these (or worse still more than one) is something that I am determined to avoid. I would rather take a small loss at 10% down. But I guess everyone has their own ideas of how best to manage these situations. Good luck with whatever your plan is for recovering your situation. Well it’s been a pretty horrid week and I’ve ended up about £1,000 down after tiday. Could have been worse and probably will be on Monday when today’s US falls are reflected in my US IT holdings. Meanwhile my old pref portfolio from March 2018 was handsomely up on the week, buying those prefs on March 5th is looking more attractive all the time !. Have a good weekend. ATB Pref
swamp_rat
21 Feb 2020
LLOYDS is going to FLY Well that’s a rarity for anyone! Well I think that’ll depend on the spike you need. Hope your not in too high. I count myself lucky in my Lloyd’s investment, I was in a negative for nearly 2 years and managed to escape at 67.2 a while back with profit. I then went all in with the cash again at 60p so currently a small loss but not worried as 60p will repeat. I’m starting to think on your lines though, I’m considering exit points.
J_Westlock
21 Feb 2020
LLOYDS is going to FLY LLOY… (was on topic for a change)
swamp_rat
21 Feb 2020
LLOYDS is going to FLY J_Westlock: if I can get fully out on par I’ll be happy. What are you wanting to get out of?
J_Westlock
21 Feb 2020
LLOYDS is going to FLY swamp_rat: I was thinking exactly the same, last time no deal was prevalent GBP was much weaker than today. Boris might have banned the phrase but the outcome will be the same. I’m just hoping there will be some highs to go with the lows over coming months… if I can get fully out on par I’ll be happy.
swamp_rat
21 Feb 2020
LLOYDS is going to FLY J_Westlock: The real game starts in a week or so with the commencement of EU-UK trade deal negotiations. With every major hurdle or issue that makes a No Deal (or Oz Deal if you like) more likely at the end of the year… GBP will be hammered and so will LLOY. I was thinking exactly the same, last time no deal was prevalent GBP was much weaker than today. Boris might have banned the phrase but the outcome will be the same.
soi
21 Feb 2020
LLOYDS is going to FLY regardless: Lloyd’s is a massive buy for any pension fund Don’t matter what the share price is , I getting my wages for 2020 No it is not.( a massive buy for pension funds, they are not piling in, the smart money has been exiting on spikes.) It is a shame when you have to pay for your wages. You declared a re entry buy at 62.33 ( or so ) after having previously sold out.All in, bar 24 K GBP, your own declaration. So about 500K LLOY donkey shares. I really hope it comes good for you but how about being a bit more open? Your holding is manageable but would need some management. Take Care and have a nice weekend. soi
PrefInvestor1
21 Feb 2020
LLOYDS is going to FLY J_Westlock: The virus isn’t the real game for LLOY. Hi @J_Westlock, Well I realise that Brexit is a much bigger issue for LLOY and I agree that the virus isn’t much of an issue - indeed for most UK domestically focussed stocks. But the timing of this drop says to me that it is somehow suffering from the virus downdraft today, maybe it does indeed have Brexit trouble ahead - but not sure it’s the cause if today’s move. Could be wrong as always. ATB Pref
J_Westlock
21 Feb 2020
LLOYDS is going to FLY PrefInvestor1: And what of Lloyds you say. Well I have no idea really. Thought we might be in for a bounce yesterday, but we are back down to earth with a bump today. Whose to say 50 isnt back on the agenda ?. No support between here and 49.5 according to the charts. The virus isn’t the real game for LLOY. The real game starts in a week or so with the commencement of EU-UK trade deal negotiations. With every major hurdle or issue that makes a No Deal (or Oz Deal if you like) more likely at the end of the year… GBP will be hammered and so will LLOY. Equally, if some sort of trade deal did happen then GBP would rise and so would LLOY… at least for a few days. For those who said Brexit was over. It isn’t. Now we get into the real game and I fully expect LLOY to be up and down like a yo yo over the coming months with probably a mammoth drop off in December.
PrefInvestor1
21 Feb 2020
LLOYDS is going to FLY Hi All, Well its Friday afternoon and the US and many in Europe are in a panicked over the virus and what might happen over the weekend - so there is a big selloff. No surprise really I kind of expected it. Probably get worse in the last hour here and towards the close in the US. Might be a good time if you are wanting to buy ?, else you just have to hunker down and trust your holdings and your strategy. Too late to change it now !!!. Its at times like these that I remember why I dont invest in growth stocks, as any gains therein and just disappearing down the toilet. Hence the cause of much of the volatility in US markets I think, people have to sell to lock in their gains - or lose them. I will just keep collecting the dividends and re-investing them ready for the recovery. All of my prefs (~20% of my portfolio) were actually UP today… Shame I’m a bit too overweight on BP & RDSB but there you go, Im not selling them. And what of Lloyds you say. Well I have no idea really. Thought we might be in for a bounce yesterday, but we are back down to earth with a bump today. Whose to say 50 isnt back on the agenda ?. No support between here and 49.5 according to the charts. image.png859x719 45.2 KB But probably unlikely - just a bad day. ATB Pref
soi
21 Feb 2020
LLOYDS is going to FLY In_the_dark_yet_again: tried that, tried every combination… nothing works. Sometimes I do think I’ll give up with these II discussion boards - it seems a lot of people from the old days before the ‘new improved’ boards were introduced already have, much to the detriment of the overall discussion. Hi OK it did not work, a shame as I welcome your input. Used to be a great board. ATB soi
trader_jack
21 Feb 2020
LLOYDS is going to FLY Hi there JW If you are interested I have been looking at STS today to see how it compares to other IT’s I have been keeping an eye on. It’s all simplistic arithmetic with a little help from Excel. All IT’s are assumed to have been purchased on 28th March 2013 and at the highest price of the day (according to HL.) They were assumed to have paid a first dividend to me of a nett £100.00 or above. (Alliance Trust would only reinvest automatically if the dividend exceeded £100.00 plus the associated costs) All dividends are reinvested automatically and again at the highest recorded price of the day according to HL, the reinvestment is done two days after payment date (or as close to that as possible where IT’s don’t seem to trade quite as often.) Everything up until the start of November last year was based on costs associated with Alliance Trust and from November to date on costs charged by Interactive Investors. My spreadsheet shows STS share price itself increasing by 46.67 percent since 28th March 2013 and gaining 83.20 percent with all dividends automatically reinvested. This final figure of 83.20 percent gain cannot be 100 percent accurate as the actual price received at the time of reinvestment has ben assumed to be the highet price of the day and the actual date of of reinvestment may not actually be the date I have assumed it to be. I will be looking at STS reports and factsheets over the weekend to see if they fit “my crirteria.†Until now I have only considered well and long established IT’s. STS only started in 2005 as far as I can see ther are days where it appears to have not been traded. The only other IT I have that only trades spasmodically and in small quantities is VIN which at times I find quite exasperating but it has traded from a NAV discount a couple of years ago of between 20 -25 percent to about 12 percent today. They are promising to give shareholders a vote as to whether they would like the option to redeem shares at par value. This vote is due in 2024 and if carried will come to fruition before 2027. This and the inabilty to trade my holding in one go through ii (rather than selling in tranches or asking for a specific price that is.) Have an enjoyable weekend Best regards TJ
