Just completed the application via SHARE.COM "Nothing ventured nothing gained" Let us see what Friday brings , not looking for lot of riches, just the winning feeling if at all !! Not sure of holding on for the bonus shares to come. The price IMHO will be between 240 and 255p Only 3 more days to wait. GLA
Agree it's good to have a debate.as for tsb,it's not a long term hold for me,just a quick trade at whatever I get and reinvest here in lloyds. This time tom we all will of made our choices whether in or out of the iPo. Gla who make the in vote.
Again Excellent Reply ed44. I too have spoken to people that understand these I P O deals a lot better than me and now I am convinced TSB is a no brainer. All I was told was read the facts and the figures and not the waffle and then whats the worst that can happen...drop a little, rise a little, or stay static, oh and throw a hand full of free shares your way. The majority of us on this board must have made a good few quid out of Lloyds to warrant this wager on TSB.
All opinions welcome. TSB is likely to be fully subscribed or probably oversubscribed . Long term? What long term?. I once bought loads of Railtrack thinking they are rock solid, they wen off the track leaving me with substantial loss.I do not believe that most companies can be relied upon to have a steady long term stability. GL
Have you noticed the number of people posting here today who have very low post counts but speak with authority and are all talking down LLOY and the TSB IPO. I think we may have some people on board who have shorted LLOY and are hoping for the TSB IPO to fall flat.
I don't think it's on the cards. I've spoken to a few friends in the financial world over the last few days and they all say they've had a great response and think that the issue will be over subscribed. I hope so as I've over applied in anticipation of being cut back. If I get all I've applied for I'll have to raid my wife's bingo money.
I'm afraid you're a bit off track with your statement that "Lloyds bought HBOS to 'enjoy' having an investment arm"
Lloyds bought it with a lump of government provided cash because it was about 10 minutes away from going belly up. Gordon Brown could not allow that to happen as HBOS is one of the three Scottish banks of issue so if it had gone down 1/3 of the population of his beloved Scotland would have been walking around with worthless pound notes in their pockets.
He bullied and some say bribed the LBG Chairman with the promise of a peerage if they rescued it.
Lloyds didn't complete a worthwhile due diligence appraisal of HBOS's debts & risks and they bought a pup. They are still referred to as the " Lloyds the bailed out bank." Before the HBOS fiasco they were in fact the UK major bank in the least at risk position and not in need of finance.
Kassam83 - Just depends on the demand - RMG was scaled back to the min to gain max shareholders, Lloy is still jumping through HMG hoops and £2k is an 'up to' figure, we'll see soon enough
Bonus Share Scheme The terms of the Intermediaries Offer provide for a Bonus Share Scheme pursuant to which investors who acquire Ordinary Shares in the Intermediaries Offer and continue to hold such Ordinary Shares for a continuous period of one year following Admission will, as at the date falling at the end of that one-year period (the “Bonus Share Record Date”), be entitled to receive one free and fully paid-up Bonus Share from the Selling Shareholder for every 20 Ordinary Shares so acquired and continuously held with the same Intermediary, subject to certain conditions (as set out below) and solely in respect of amounts up to £2000 invested in Ordinary Shares in the Intermediaries Offer (meaning that a maximum of £100 of Ordinary Shares (determined on the basis of the Offer Price) will be transferred to any investor as Bonus Shares).
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