Why I’m still a big buyer of Lloyds Bank shares

No other large British company offers such future value with so little risk as Lloyds Bank, says Adrian Sykes.

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Lloyds is a veritable saint among banks, says Adrian Sykes

A week or two before the election, I suggested that buying Lloyds Bank might be a good way to play the result. I believed that a Conservative-led administration would favour the banks in general, and Lloyds in particular. In the event, the Blues did win an overall majority, but slightly spoiled things by saying that the Treasury would be selling its 20% holding at some point. It is worth bearing in mind that it has banked a £1.5bn profit so far, with much more to come. Please George, bring it on as soon as possible.

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Adrian Sykes was born just after WWII in Quetta, Baluchistan: now a regional HQ of the Pakistani Taliban, then in British India. Though his family lived in Calcutta until he was 19, he was educated in Britain, before joining the British Army. He served for five years, mostly in Germany and London, with tours in Libya and South Arabia.

 

He worked for 45 years, first as an analyst and stockbroker in the City, then as an investment banker based in Hong Kong; and finally, as an adviser to a major Swiss bank.

 

He is married, with four children and and lives in East Anglia. He published a history, Made in Britain, the Men and Women who Shaped the Modern World, in 2011, which is now available in paperback.