Lloyds Banking Group, produced by the merger of Lloyds TSB and the Halifax banking group HBOS, is the biggest ever UK bank. The combined group, with around 145,000 staff and 3,000 branches, will control around a third of UK's mortgages and a quarter of all savings. The government owns 43.4% of Lloyds Banking Group, 36% are owned by Lloyds TSB shareholders and 20% by HBOS shareholders.
Article in the Times today suggesting HMG will want the SP to be about 80p before the next sale so they can selll at a discount and still demonstrate they've made a profit on their support of the banks during the crisis. I guess the only way they can do that is to push the divi announcement, so maybe September. There is also a suggestion of 5% divi on current SP next year and loyalty shares in the Sid sale. GLA.
LLoy has had a great run but has now peaked. Barclays is about to start an 18 month run up to 300+. dont miss the opportunity to have another great run up. dyod
Long term future is guaranteed here, but short term is downhill, with reasonable results this week it tanked, am expecting sub 70p within a week or two, nothing to support the underside at this point.GLA
I still wonder if HMG might fix up a buyback contract arrangement rather than divis. Could last 3 years and might feel better to the electorate than a chance to buy what you own, or a discount sale to city mates. Seems low risk and our sp climbs nicely as a result.
no divi announced yet
Sometime during the next few months the company will seek and get approval to restart div payments. My prediction is that a dividend payment will be announced with the year end results and paid some months afterwards (like dividends usually are). The divi payout will be just ahead of the next election. No money into our pockets until at least March/April 2015
RE: Broker. Recommendations
Rocal: Agree, there is some merit in selling the whole HMGholding in one burst if. The market conditions are right! As for Radar, I prefer to keep my anonymity to avoid a risk of being mugged! GLA
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