Sun 3rd May 15, 15:43:09
The Conservative party's decision to sell the state's remaining stake in Lloyds - should it retain power - is a cockamamie scheme, as it would impose extra costs on the bank. Management should be focused on executing strategy, not on fulfilling election pledges. Nonetheless, the equity story for retail investors - who can already buy in now - is still decent. The stock offers an attractive 5.1% dividend yield and the lender looks like it has the ability to pay. Growth in the loan book, at 2%, was unexciting over the first quarter. Likewise, the shares are trading at 1.3 times book value, the highest such valuation of any major UK bank. However, net interest margin jumped from 2.3% to 2.6% courtesy of better pricing on deposits. That suggests the dividend should not be a problem. Furthermore, at 13.4% of assets capital looks solid although there is still potential for more misconduct charges, says the Financial Times's Lex column.
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Live by the sword, die by the sword. In anticipation of a Labour victory at the next general election, hedge funds appear to have ramped up their bets against Ladbrokes. 20 hours ago
US stocks headed higher on Friday, as investors tried to shrug off concerns from the Federal Reserve's Wednesday minutes and processed a collection of economic data and results. 3 days ago
Without out a doubt next week's main event, both at home and abroad, will be the result of the UK elections, given the current debate regarding the future of Britain within the European Union and the country's weight geopolitically. 3 days ago
Amazon has doubled its minimum charge for free deliveries, except for books. 3 days ago
Strong gains from mining stocks and an impressive first-quarter performance from UK lender Lloyds helped UK markets to rise on Friday, as investors shrugged off mostly worse-than-expected economic data. 3 days ago
Standard & Poor's has downgraded its rating on Astrazeneca to 'A-1' from 'A-1+', citing a negative outlook amid competition from generic drugmakers. 3 days ago
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The euro versus the Canadian dollar has formed what appears to be what is known in technical analysis as a 'rising wedge' pattern or an ascending triangle.
What is important about this formation is that it shows a consolidation area where the lows of the chart's candles are higher than the previous ones, causing the lower trend line of the formation to be slanted to the upside.
Two years ago you could buy shares in Greggs (GRG) for 400p. At that price they had a dividend yield of 4.9% from a company with a long and consistent record of paying and growing a well-covered dividend. Fast forward to today and those same shares now cost just under 1,200p, or almost three times as much.
So does that mean Greggs is now overpriced, or can it repeat those 100% a year gains for a few more years?
Bitcoin and the general concept of crypto currencies are one of the hottest topics in finance right now. The battle surrounding this subject is fierce and ideological, involving powerful forces and is far from over. But with Bitcoin prices likely to continue its rollercoaster ride, there is no need for traders to have a personal opinion in either direction to profit from one of the world’s most volatile underlying’s.
All of us want a role model. Some traders see George Soros as their role model, while others worship Warren Buffett.
However, what you might not know is that one of the best role models is that of the Star Wars warrior – the Jedi Knight. Jedi Knights have a lot to teach us about life – and about trading. Here’s how to feel the force – just remember to keep your light saber at home.
The GBP/JPY was in a well-defined bearish channel, which we identified last week and now we see that the price has finally broken out of the channel to the upside, taking with it some key resistance levels.
Besides breaking out of the upper trendline of the channel, the price has also broken the 200 day exponential moving average (blue line) and the round number level of the 179.00.