Will you be buying shares in Lloyds TSB?

gozomark

Billy_Blue_Hat wrote: »

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

every day is a good day for people with no grip on reality, esp. given the state the world is in right now :-)

gozomark

why would anyone buy Lloyds at 45p, when you can buy as many as you want at 38.5p ? Thats the reality gap. Is anyone seriously thinking there will be a shortage of Lloyd shares, and that it will be over subscribed ?

smacks of "market stabilisation" to me

Niksan

Pardon my ignorance here, by 45p I assume you mean at closing price yesterday, or 47p being pedantic and talking now, or do you mean regardless at the price now you can still buy them at 38.5p ? or does this mean more will be pumped in at this price ? I'm a share newbie so just trying to understand the whole system.

gozomark

there will be a rights issue at 38.5p - the Govtt will buy all the sahres not bought by anyone else.

As for the share price now - what can I say other than that I was wrong, it has traded up

I don't understand why it has though, but as long as its stays here its good news for all of us as it means less money for the tax payer to spend. Unfortunately I don't think it will though

Niksan

I'm as suprised as you, I was going to setup an account yesterday to purchase some when they were around the ~37p mark, but missed the boat, mainly due to reading the comments on the subject over two threads, pretty much same as everything I go near. I guess they've risen a tad due to people gaining confidence of a recovery for Lloyds, I dunno, or maybe it's a short term thing.

ozzage

Over 48p and I admit somewhat mysteriously.

If it stays like this the offer will be over-subscribed! :P

uk_steve

NPowerUser wrote: »

Lose
Lots
Of
Yummy
Dough
Stupidly

maybe its beginners luck
I made today believe me i run with the dosh like a mad man

allready my return is 6% on the whole in a week on my diffrent sectors cashed in today,i cant see me buying any new stocks today with this climb in the market like this, it come down again i am sure.

Niksan

even BARC is up ~17% at the moment is something mad happening that I don't know about ? I thought BARC were still dealing with goverment with some 'insurance' deal ?

FoxtonsRIP

Niksan wrote: »

. I guess they've risen a tad due to people gaining confidence of a recovery for Lloyds, I dunno, or maybe it's a short term thing.

Up today, down tomorow. That's the way shares prices go

tradetime

Banks are up largely due to a news release regarding Citigroup saying it has had the best start to the year since 07, could just be the trigger needed for a bounce overall here.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4.U9.w4dH9w&refer=home