Will you be buying shares in Lloyds TSB?

gozomark

I'd give it a 25% probability, maybe more

Decadent_Fool

Buddy195 wrote: »

Is anyone considering buying some of the new shares? Surely they'll increase in value once the government take their allocation, thus making it a sound investment?

I'm considering it, but not totally sure because of the 1 for 40 issue I heard about instead of a divi.

ad44downey

Decadent_Fool wrote: »

I'm considering it, but not totally sure because of the 1 for 40 issue I heard about instead of a divi.

Are you gonna buy some real Lloyds shares this time or just stock up with some more make-believe ones? :rolleyes:

ozzage

Well this has gone mad today!

62p per share at the moment! !!!!!! happened!??!

bjorn_again

Don't know what happened but see that Santander also continuing an upward climb.

mrposhman

ozzage wrote: »

Well this has gone mad today!

62p per share at the moment! !!!!!! happened!??!

Probably something to do with the fact the US are throwing more money at their banks than I think my keyboard will allow me to write in this message!!

When did a billion become such a small amount of money?

stamfordblue

Amazing day today for Lloyds.
At one point they hit 65p!
I bought in twice, a week and 2 weeks ago, and my averaged price is around 45p.
Was very tempted to sell some today, (probably should have and bought back later!)
Can someone clear something up in connection with the rights issue?
I've been hearing that shareholders will receive 1 share for every 40 they hold.
Is this correct?
Anyone know when the rights issue starts?
Been hearing around end of April/start of May.

bjorn_again

I hope Decadent Fool went with his instincts - he seemed to know what he was doing despite being being ridiculed here.

Decadent_Fool

I didn't sell my current position; I set my limit for 65p but too late to get it (I hoped it would rebound up to it but ah well...)

BARC has had an amazing week, but not totally convinced LLOY will mirror it apart from today. My limit is waiting if it does!

stamfordblue, I phoned up about that today and it's true, for positions held on the 13th May (I wrote it down at work so will check tomorrow).

My broker thinks a short on HSBC would be a good idea, but not if the financials are riding the crest of the wave.

mrposhman

stamfordblue wrote: »

Amazing day today for Lloyds.
At one point they hit 65p!
I bought in twice, a week and 2 weeks ago, and my averaged price is around 45p.
Was very tempted to sell some today, (probably should have and bought back later!)
Can someone clear something up in connection with the rights issue?
I've been hearing that shareholders will receive 1 share for every 40 they hold.
Is this correct?
Anyone know when the rights issue starts?
Been hearing around end of April/start of May.

The 1 for 40 issue is a scrip dividend and nothing at all to do with the OPEN OFFER (note - not a RI). I think they said the record date for holding shares that are due this dividend is the 9th May but it may be slightly different.

Was tempted to sell today, actually had the finger on the trigger at 59p, password entered and everything but held off as the price rose slightly over the time when I was processing so I hesitated, went to my meeting and it was 54p.

Your average is much better than mine which is about 92p. Would have been good to sell at 59p and buy back at 54p.

Anyway I reckon the SP may fall tomorrow, the dow didn't responde particularly well to it, check LYG on the NYSE so may sell in early trade. If I sell enough shares that I will get in the open offer then I can either buy back and then resell or just leave it till the open offer is offered and then buy them back at 38.43p. We'll see, I'll probably still be holding tomorrow :rolleyes: :rolleyes: