Should I sell my Lloyds TSB shares now?

DocProc

nicko33

Who is doing all the buying then, if no one wants them?

It's not you is it? I bet it is! You little devil, you!

mrposhman

My views on this are simple - maybe because I've already lost a lot - but I think its logical thinking.

The government has invested a lot in the banks, should they be fully nationalised, this money will have been flushed down the toilet.

Secondly, if they nationalise Lloyds and RBS, what is their exit strategy? Who's going to get them off UK plc's balance sheet?

Thirdly, in my opinion Lloyds is least likely to be nationalised (forget what that treasury minister has said), due to 1 reason and 1 reason only. The lloyds / HBOS merger was Brown's idea. No matter how much he tries to make out it was Lloyds, he was the one who overruled the decision going to the competition committee. Lloyds would not have approached the government directly with this, it was clearly the other way around. If Lloyds was nationalised, this would mean brown admitting he was wrong, and frankly he doesn't do that.

As long as banks continue to run and have enough cash to operate, and no panicky people decided to have a run on them, then I doubt there will be full nationlisation.

Trollfever

The lloyds / HBOS merger was Brown's idea. No matter how much he tries to make out it was Lloyds, he was the one who overruled the decision going to the competition committee. Lloyds would not have approached the government directly with this, it was clearly the other way around. If Lloyds was nationalised, this would mean brown admitting he was wrong, and frankly he doesn't do that.

Agreed.

I am currently (-89.31%)


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vbrindle

sabretoothtigger wrote: »

I think thats best how to view it and this is possible as Halifax is offering zero commission for lloyds shares purchases, you can literally buy a tenners worth if you like.
Later if you want to sell, they also offer to sell any share worth below £250 for a fiver commission.

So I reckon its worth a punt on one of the worlds largest banks, I prefer it to the lottery any day

Where have you seen this? Can't see anything on the website.

sabretoothtigger

They sent me an email and they have always sold small amounts of shares for a fiver. They can just hand you shares out of their own holding, its not like they are hard to get now so I can see why its not much cost for them

Offer lasts till the 25th apparently

Masomnia

vbrindle wrote: »

Where have you seen this? Can't see anything on the website.

I did it this morning, so can confirm it. You do have to pay the usual amount of stamp duty though. I bought 76 shares for £30, not bad, 15p in stamp duty I think.