Will you be buying shares in Lloyds TSB?

gozomark

given that anyone can buy as many shares as they want at 38.5p, I don't understand why anyone would have expected the share price to go up today

gozomark

a lack of grip on reality more like

NPowerUser

Lose
Lots
Of
Yummy
Dough
Stupidly

mrposhman

NPowerUser wrote: »

Joe public owned 57% of Lloyds shares, this being diluted down to 35% when the government converts its preference shares. I estimate that anyone owning shares in Lloyds you held last week have been diluted by in excess of a 3rd over the weekend.

The governments stake could increase to 77%, leaving joe public with less than a quarter of the shares.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2647931

The good news is that people can short the shares safe in the knowledge that the government will be forced to pay 38p a share in the rights issue.

23 - 25 pence a share could be the realistic bottom, taking the dilution of the shares into account and the governments ever increasing stake. Either way, can't see any sustainable upside to the shares in the short term.

Thats not correct. HMG WILL OWN a minimum of 51% and MAY own upto 77%. Everything depends on the take up of the offer at 38.5p.

ozzage

LLOY closed up more than 4% today.

Billy_Blue_Hat_2

Good day for people with no grip on reality it seems.

Niksan

That's the 2nd post mentioned about reality, and not sure what either of them are aimed at, care to elaborate for the dummies (Ie me) ?

FoxtonsRIP

Billy_Blue_Hat wrote: »

Good day for people with no grip on reality it seems.

Hi, stamford blue. you should have made your new log in name a bit less obvious.

ozzage

Too many personal attacks and snide remarks in this thread. Can't we all just get along? If you have issues with other posters, please air them elsewhere!

tradetime

ozzage wrote: »

Too many personal attacks and snide remarks in this thread. Can't we all just get along? If you have issues with other posters, please air them elsewhere!

Hehehehehe