Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
That was the week that was
Recent History |
Archives
Dear Crazies,
According to ShareCrazy.com, the most popular share on their Stockwatch lists is Lloyds TSB (LLOY.L).
Why? Well, it's probably because of the rumour circulating tha it could be the next big UK bank to be snapped up by the foreign competition.
I've been holding this share for an awful long time, expecting exactly this to happen. I'm surprised it has not happened. Or at least, I'm surprised that no British bank has been eaten up.
The whole world thinks that bigger banks will do better than smaller ones. This is because it gets easier every day to shift money around, and the fact that big profits can be made with foreign customers, whereas the opportunities to make money from British investors has probably reached the limit.
This, of course, does not stop the UK banks from trying. At least one has started charging people to keep a current account going, unless they have quite big salaries. But on the whole, the big money-making chances are abroad, where some people are only just starting to need banks at all.
But when will a UK bank be taken over, gang? Well, the answer is any day. So even though it ties a lot of my bread up I will hang onto my Lloyds shares for a bit longer - and possibly even buy some more. Rocking on!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
For more information about UKSA CLICK HERE
