Hi, can anyone offer advice, I'm cashing in some shares in a Dutch company and of course the euro exchange rate is against me at present, the exchange rate now is around 0.72 euro/pound... every 0.01 improvement in the exchange rate gives me a significant increase on return, does anyone have views on where the euro is headed, the company is being sold so I don't have the option to hold, the agents are looking for my UK bank details to forward the money electronically in £'s, I would like to hold the money in euro's and am happy to hold until the exchange rate switches back in my favour...anyone have any ideas???
Any banker or ex banker (like me) knew coop no good. Poor Lord Levene put together a consortium to buy the branches but the govnment did not even acknowledge his application to his chagrin. And now this rude outfit wants an enquiry. Unbelievable
IMO a ‘Tell Sid’ style sale is the last thing investors of Lloyds need. It’s bad enough trying to off load to the II’s. I know the price will be set just prior to the offer, but with a protracted offer to the public at a generous discount this will surely drag the SP for months.
The Government has said it will launch a wide-ranging review of how the Co-operative Bank was able to fall into a parlous financial state and still bid for branches of Lloyds Banking Group, leading to an embarrasing collapse of the sale process in 2013.
Hi JR, The board already has shareholders permission to buy back up to 7bn shares, this facility will no doubt be renewed at this years AGM, Will a buy back happen any time soon? currently it seems important that the other 50% of our earnings are retained as yet more capital growth,
Just a thought, we had in the region of £50 mil in cash held at 31/12/14, would it not be a good idea to use some of this to buy back shares from the government!? Better for us as shareholders as I would assume the SP would increase! Or would this weaken the balance sheet too much in regards to the bank stress tests!?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.