HAS BLACKROCK BACK-DOORED BRITAINS BLACK HORSE???? Has George Osborne been lobbied by Black Rock? And is George Osbornes £650,00 pay packet from Black Rock a back-hander? You decide. LLOYDS BANK + GEORGE OSBORNE + BLACKROCK = £££ In 2009 Lloyds banking group signed up to the UK bank-bailout package that ended with the UK taxpayer purchasing a 43.4% shareholding for the price of £20.3 billion pounds. It was a chaotic period in British history that also included many other banks being bailed out by the taxpayer and the Northern Rock bank witnessed a bank run that resulted in a rescue plan conducted by the UK government. Northern Rock was later sold off to Virgin Money, who, ironically, just warned the nation of another possible housing crisis. A bank that purchased a bank, that went bust due to the housing market collapse of 2008, is now warning the nation of another possible housing market crash, sounds bonkers doesn’t it? I expected this to happen because it is no new news that the UK housing market is about to crash. Since 2008 there has not been much widespread public news in regards of the sale process of these shares within these banks but one sign we have recently witnessed are the angles and events surrounding BlackRock and the sale conducted by George Osborne and the UK taxpayers stake in Lloyds bank. From 2015 to 2017 Blackrock became Lloyds biggest shareholder and Neil Woodford; a successful hedge fund manager, has recently added Lloyds bank to his top 10 biggest holdings in his fund. So, since the UK taxpayer sold off its shares, Lloyds seems to become a strong buy for big firms, coincidentally, just after Phillip Hammond cancelled its Lloyds share sales to the public. They know fully well that Lloyds is a valuable bank and ripe for cost cutting thus producing potential future profits. So these actions and events have led me into dissecting Lloyds accounts and coming to the conclusion that it is a good buy. When Blackrock and Neil Woodford buy shares in a firm that the UK government just cancelled its share sales to the public; that is a vital sign to buy. If it wasn’t a buy, Blackrock and Woodford wouldn’t be long and the UK government would be still selling its shares to the public. Through various analysis conducted, i have indulged upon going Long (buying) on Lloyds banking group. Our price target is around 55p to 65p per share. Lloyds recently announced it did not meet its expectations so its price is very stagnant, once the cost cuts come in play and the sale of some of its assets are undertaken,
then Lloyds could hit a potential price of around 80p+. The end of 2017 to the start of 2018 could witness this possible price target. So time will tell if the sneaky actions witnessed with George Osborne and Phillip Hammond can produce value for those who see right through their actions. As Carlito Brigante quotes “When you can’t see the angles anymore, you’re in trouble”. Lets hope these angles create gains, not trouble.