PAKKA - agree that a bit of stability and small rises helps the nerves . I hope Oct statement contains positive news on talks with regulators on divi resumption . I would be happy if we could reach low 80,s for another chunk to be sold off to institutions before Xmas then divi announcement at year end results Feb 2015 . Then a last chunk sold off to institutions at a reasonable profit . I would be happy for no sale to the public . If they want stock buy now at mid 70,s .
Lately LLOY has been heading in the right direction.Today up by 0.24p. Any upside is better than a downside.
So long as there is no HMG sale on the horizon the SP will IMHO remain steady. Some might feel frustrated with the slow progress but without a positive news about PRAs nod for Div payment I do not expect any drama here. GLA
Quite a bumpy ride today,but so far holding the line.......very wet today in the Lot,after a scorcher yesterday,but the vineyards around us need some solid sun now otherwise it will be a mediocre year.Cahors 2005 and 2009 are still the best years in the last 15 here,and I think that goes for most of France,certainly the reds
Re Co-op - I think AHO & HMG played a blinder by agreeing that the Co-op would be the preferred buyer as that would inevitably lead to the TSB flotation and a royal kicking of the Labour supporting Co-op bank, and I think that AHO is emulating HMG's slow exit policy - ie retain as much of TSB as possible until markets improve,
Re HMG exit - I think GO has been trying to play the market but he is learning that the market has a few games of its own, I also think the market has decided it wants more cheap shares before Joe Public gets the final slice and that is why the market 'isn't ready for a tell sid' exit just yet,
Re the markets - Obviously some will want to hold down the SP and acquire shares as long as possible but I think thier plan has a very limited life as AHO & his team has delivered an awesome cash generating machine.
The question is - Will GO bend over and appeases the market with more II deals or play the divi ace and take the game?
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