Should I sell my Lloyds TSB shares now?

jerusalem2006

I have some shares in Lloyds TSB and was thinking of selling them. Is it a good time to sell them? What do other people think? I just think it might be better to have the money so to speak than in bank shares at the present time.

spalding

It really is the million dollar question as ever with shares will they go up will they go down??

gozomark

the share price has fallen from £ 6 to £ 1 in the last 2 years - it could easily triple from here, but it could also easily go to zero - can you afford for it to go to zero ?

mark13

Depends how badly you need the money. Lloyds is falling today.

nomoneytoday

Maybe buying them at 83p is a better thing to do?
They haven't been that cheap since 1991 (when they were Lloyds) so could be a bargain at that level?

Obviously shares can go up and down, I can't see into the future etc etc

dunstonh

They haven't been that cheap since 1991 (when they were Lloyds) so could be a bargain at that level?

They have split and been repriced since then so you cannot compare that price in 1991 to now.

From the ops point of view, now is the worst time in the last decade at least to sell them. However, it could get worse or it could get better as mentioned higher up.

SailorSam

All the bank shares seem so low at the moment they must be seen as a bargain , they have to go up in value.
But then think what happend to Northern Rock.
Only you can decide

sdooley

Some bank shares (RBS in particular) have ceased to be effectively a share (in the sense of ownership of the company) and have become an option (a betting instrument the situation will improve). There is no prospect of a dividend in RBS for a while.

As with any option, the price reflects the market's impression of the chance of upside multiplied by the amount of potential reward.

If you want to invest in a UK govt-backed bank at the moment (why?) you should buy bonds or possibly preference shares. If you want to speculate on the chance things won't be as bad as people think, you should buy/keep hold of shares.

nomoneytoday

dunstonh wrote: »

They have split and been repriced since then so you cannot compare that price in 1991 to now.

From the ops point of view, now is the worst time in the last decade at least to sell them. However, it could get worse or it could get better as mentioned higher up.

The technical screens I used to check the historic prices included the repricing etc, for example the stock split of 2.704 : 1 in 1995, hence my comment on "when they were Lloyds"

Completely agree with your second point

mrposhman

I have shares in lloyds and have felt sick watching the share price this morning continue to plummet.

I think i'm in between a rock and a hard place to be honest. If the SP dropped to 50p I could average down to about 90p which might sound a good average but based on todays prices I'm not sure.

At the moment I'm sitting on about a 50% loss which I know is lower than a lot of Lloyds shareholders but its still a bitter pill to swallow.

mrposhman

By the way, I wouldn't sell today. The SP has been decimated by shorters and should recover at least some of the fall. Already showing it at the moment.

Dropped to 60p, now trading at 67p.