Betting on the black horse.

A recurring subject that has found itself on the pages of this organ is the fate and fortune of Lloyds Bank. Every time the bank is mentioned it is also stated is this Declaration of Interest: I own shares in Lloyds Bank.
Recently, I purchased some more Lloyds Bank shares at just below 52 pence per share.
Before 9AM this morning on before the main level of trading came online Lloyds shares dipped to a low of 49.89 pence, but climbed to 51 pence. Am I troubled? Not a bit!
My bullishness is shared by the author of this post as well: https://seekingalpha.com/article/4281725-lloyds-brexit-fears-priced-safe-dividend
The actual figure that now figures prominently in my mind is the new average gross cost per share of my Lloyds Bank shares. This is the figure that is used on the tax return to report capital gains/losses. It takes into account all costs such as stockbroker’s commission, certificate fees and so on. My revised figure (that now takes into account the additional shares just purchased – including fees) is 80 pence. This figure is largely due to the cost of the shares I inherited from my late father on his death late on Friday 11th July 2003. The probate valuation being £3.08.
In previous posts (e.g.: http://www.british-gazette.co.uk/2018/01/29/1-158234-pence/), I have commented upon the prospect of Lloyds being taken over by a large US bank. Something the above cited post does as well. One of the truisms of modern stock market trading is that no quoted company is too big to be taken over.
A good and knowledgeable friend has commented frequently on the fact that my portfolio of shares is not held in an ISA. There are various reasons for this. Many Lloyds Bank shareholders will hold their shares in such tax wrappers and will view the prospect of a cash buyout take-over with no concerns as their gain will be isolated from CGT. Unlike mine! However: for me to be clobbered with CGT the shares would have to be bought at well over 80 pence per share. Were my Lloyds portfolio NOT to contain the now highly expensive original Lloyds Bank shares, my average gross cost per share would be 54 pence. In other words, 54 pence per share is the cost per share that was paid by me with money through my own Lloyds current bank account.
Of course, the future for Lloyds is inextricably tied up with the prospects for the UK economy after Halloween 2019!