Now that the process of selling the Branches is well and truly underway, the regulator should feel satisfied to allow LLOY to pay a dividend.That is an added attraction for buying LLOY and for the SP to move North. I think and hope that the next lot of HMG sale will be above 80p GL
They won't be £300 million richer though will they. They have written down £1600 million already by preparing TSB for market. They need to claw it back. That is why I like what they are doing - selling it off bit by bit. They should get much much more than if they had succeeded in selling to The Co-Op for £750 million!!!!!! Crikey the mind boggles if the ex (drug taking slob) boss of the co-op hadn't been outed and was now running a 'stable' high street bank like TSB Aaaaaargh!
IMHO HMG sale is the main if not the only immediate or the short term risk factor for LLOY.Once the 25% TSB is sold the next lot would be easier to sell , at least I hope so.On 20 th June LLOY would be some £300 million richer. GLA
Afternoon . Enjoying today's bun fight ! Employment figures good, everyone going on holiday (judging by the passport demand) I'm sure TSB float will be good for lloyds SP. I bought at 40 and I will see 100 next year. Keep the faith everyone. Optimist aged 65
20th June 2014. I suspect the (good) news is seeping out, in that the float is expected to be a success and the LLOY SP reflects that - already. Definitely 80p by next week. But will it hold. If not, transfer some of your ill gotten gains into TSB for a 10% upturn in a few weeks.
On a separate note:
I have been reading (by default - and not by looking for it) that many experts expect the Stock markets as we know them to "correct" significantly. The magic number is 6900 for our beloved FTSE. They are expecting this to tip the market over the edge. The DOW and Nasdaq are saying the same with 17,000. And the Dax isn't far behind. All the western markets appear to be ripe for a mini crash and for this to happen over the next 6 months.
Hey Edd I am 62 myself but I don't have a problem with my age, like you I have had a great many happy years.
I do however know what is around the corner technology wise and whilst the mobile phone does not phone many people it does a host of other things and one thing it will be doing more of in years to come is paying bills in shops and pubs and the like
Cash will soon be a thing of the past and it will happen quicker than many people think.
seen by LLOY today suggest to me that the the detractors have run out of c#ap to throw at the company and that the risk/reward bias is moving to the upside. After an explosive run for some of us we have had to endure the seemingly endless negativity over the last twelve or so and at times it has been difficult to keep the longer term reward in sight.I am sure there are still a few headwinds along the way but I feel we are gaining institutional support now the economy is showing signs of picking up.
We are all here to make a bit of money! Do I care about anyone making insensitive comments unwittingly? Whether you are young, old or older, money power is important believe it or not.Please concentrate on how to profit from the market and if possible help others too. Coming to LLOY , after hitting 79p gone down again.I see a lot of automated trades.Will the SP pick up again? Let us wait and see.GLA
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