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Lloyds Banking Group Share Chat (LLOY)



Share Price: 75.05Bid: 75.05Ask: 75.06Change: 1.10 (+1.49%)Riser - Lloyds Grp.
Spread: 0.01Spread as %: 0.01%Open: 74.40High: 75.80Low: 74.12Yesterday’s Close: 73.95



Share Discussion for Lloyds Grp. (LLOY)


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boldboy
Posts: 32
Off Topic
Opinion:No Opinion
Price:77.81
Hbos
18 Jun '14
When Hbos all but went bust I and a lot of others lost a fortune on our Peps which I had held since the the hand out of shares on the initial Halifax float.My personal loss was 10K but I vowed to get it back when the opportunity to buy thousands of shares at 25p came along .Would I have been able to make 35k in a year if those shares had been £10 as they were before the crash the short answer is no because I did'nt have the funds.The day that Lloyds bought out The HBOS I was in a BOS Branch trying to retrieve 80K that was in a 7% earning Bond and the idiot of a bank assisant could only bleat about losing his job.After that terrible experience gambling on a gilt edged government backed bank was avery easy and rewarding experience.
 
PAKKA
Posts: 700
Off Topic
Opinion:No Opinion
Price:77.82
View Thread (4)
Market today
18 Jun '14
Living in the past is understandable but can we put the clock back?
Today the market is struggling IMHO due to two reasons : The FED in the US is meeting to decide on stimulus or un-stimulus program and the escalating Iraq situation. We will know the outcome of the first within 48 hours but the second one depends on unknown factors.Largely the US holds the key.
GLA
GOODJOB
Posts: 20
Off Topic
Opinion:No Opinion
Price:78.03
TSB & HBOS
18 Jun '14
The believe within the bank is that the funds that had been advanced to HBOS by the BOE were massively underplayed by Brown. In Simple terms on one day the BOE was propping up HBOS and on the next it was LLoyds, also the potential for further large losses was not found in the diligence. At this time internally Daniels was assuring staff, that we were a conservative well placed bank, and that our falling share price was being dragged down by the performance of others, and that when the true LLoyds position was established we would rebound. Without HBOS would we have been a 25p Share 100% No we would not.

As for PPI this was obviously post Eric and not directly related to HBOS. However, lets remeber Antonio led the way in saying he would refund everybody irrespective of whether miss selling could be proven. At that time he said this was likley to cost £3 Billion. Now after allowing £9 Billion is it over ? Had he known it was that amount would he have said that all PPI would be repaid uncontested ? I think not.
guingette
Posts: 399
Observation
Opinion:Hold
Price:78.01
its a lotto re positiom pre HBOS re
18 Jun '14
Sorry to prolong this rather historical situation,but you imply that Lloyds had a problem separate to HBOS when you link them with RBS.,and the like The share price may not have been strong as a the previous years but do not put them on the same level as scoundrels such as Goodwin and Hornby
I think they would have survived without too much intervention from the government,and certainly the share price would not have been such a disaster
Wids
Posts: 1,315
Off Topic
Opinion:No Opinion
Price:78.13
View Thread (3)
RE: its a lotto re positiom pre HBO..
18 Jun '14
Daniels was made an offer he couldn't refuse.

Italian style
dhusting
Posts: 20
Off Topic
Opinion:No Opinion
Price:78.05
View Thread (3)
RE: its a lotto re positiom pre HBO..
18 Jun '14
Also remember Daniels may not have left the bank -Lloyds where ok pre HBOS and may have needed a little extra funding but should have been able to have raised from the markets rather than government. I certainly think Antonio wouldn't be there. It was easy for him to use the previous management team as an excuse for a number of things such as PPI.
itsalotto
Posts: 1,648
Off Topic
Opinion:No Opinion
Price:78.54
View Thread (3)
its a lotto re positiom pre HBOS re
18 Jun '14
I think it is fair to say that had Daniels not decided to buy the bargain of the century HBOS then Lloyds could have probably road out the PPI storm with modest help from HMG

However we would never know what the effect of HBOS failing totally would have had on our banks? but I suspect had HBOS not been taken over by daniels then Gordon would have acted and would hopefully have stopped the rot. as he did with Lloyds and RBS.

:)
SP61GHT
Posts: 161
Off Topic
Opinion:No Opinion
Price:78.52
its a lotto re positiom pre HBOS re
18 Jun '14
Lotto Impairments amounted to over double the PPI provision.. They would not have fallen as far for as long if it had only been PPI

SP61GHT
guingette
Posts: 399
Question
Opinion:Hold
Price:77.99
its a lotto re positiom pre HBOS re
18 Jun '14
My simple question is this.... would the Lloyds share price have reduced to .2577 which it happened 17 11.11 if the HBOS merger had not taken place.Difficult to answer ....possibly...but I would suggest the answer would be in the negative.Yes, PPI` has ben a big problem ,but I think that a lot of cases have been marginal....where there was undue pressure yes a refund should be made ,but it has been a` band wagon ,which some of the more respectable banks did not consider it was worth reputation wise and financially worth fighting
PAKKA
Posts: 700
Off Topic
Opinion:No Opinion
Price:77.99
Good morning all
18 Jun '14
It is cloudy and a bit chilly this morning.Probably going to be a dull trading day but hope we see some bright sunshine at some point.TSB slightly up in IG spread bet price.
GLA



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