What part of France are you in. Coincidentally my wife and I also arrived here 14 years ago on April fools day, but despite our choice of arrival day things have worked out well for us.
When we arrived people were practically giving houses away and other people queuing to buy them so I've been buying wrecks and renovating and selling them on. We are now in our 8th and last house as my body is telling me I'm too old to do any more.
We are in the Languedoc where the market is dead at present and unlikely to recover for quite some time. As the Euro is on the floor at the moment we have decided to take this house off the market for now and just enjoy it as a holiday home until the market/exchange rate up picks up.
If you are in for the IPO, best of luck. I'm in big time but at the moment market opinion is split about 50/50 on the possibility of a successful result, about where Royal Mail was and that didn't do too badly.
TSB has narrowed the price range for its upcoming flotation to between 250p and 270p per share, valuing the challenger bank at 1.3bn pounds or more, according to sources familiar with the matter cited by Reuters.
One source said the sale was "well-oversubscribed" within that range, the news agency reported.
The challenger bank had previously been targeting a range of between 220p and 290p.
Whether you agree with all of it or not, he does raise some very valid points.
Personally, I’m not that worried about exposure to interest rate risk – at least, not yet. We know that rates are going to go up next year, if not at the tail end of this one but, when they do, it will be by such small increments.
After such a long period of historic lows owing in part to the very delicate nature of our recovery, rates are not going to jumping by leaps and bounds.
All of this is largely academic to me anyway because I’m not going to be going after any TSB shares myself. I’m more interested in the likely implications, if any, for a Lloyds-holder.
In any case, hope this helps some who are weighing up the pros and cons.
Spot on, much better than most explanations......I was and still am in a similar position ,but as it turned out it was a good thing I sold some at "the top " as it were, and bought a French property, 14 years, ago,although it is presently debatable ,if sold,whether there would be a profit or loss .There are some good bargains out here at the moment,with some ex pats wanting to get back to the UK,and others downsizing, perhaps also not a good time to sell with the pound rising,good to buy though?
In this fleeting market mood (+ or - a week perhaps) TSB will do ...OK. Like Pakka, I agree she will be towards the upper end of the spread range, mainly possibly only because of Carney's comments last week. [I think I mentioned £2.75 a few days ago, I'll refine it to £2.65 now]. I have already said that the IPO will be ovwer subscribed by the II's and retailers. BUT, this is a dull dull dull stock and if you want to do this with your TSB holdings: "...whats the worst that can happen...drop a little, rise a little, or stay static,..." as was mentioned by a contributor a couple of posts ago, then fill yer boots gunga din! The problem with this is that it is lost money - trapped in a dull stock, when that same money could be working for a living in much more exciting stock.... Live a little wait for a juicy stock to IPO and wade in then. Don't waste it on Zzzzzzzzzzzzzzzzzzzz TSB unless you wear a grey mac and a hat!
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