Will you be buying shares in Lloyds TSB?

barak

ian-d wrote: »

.....I'm a stock market novice.....

.....in which case you should keep well clear!

ad44downey

ian-d wrote: »

Given all the bad news surround Lloyds at the moment which has resulted in such a heavy drop in the stock market, will you or have you bought some shares?

Just trying to decide whether to take the chance or not, I can't see them being completely nationalised, surely!!!

I'm a stock market novice so it would just be a shot in the dark to be honest, but am prepared to lose what I put in, but was hoping for a nice return instead, either over a few weeks, months or years.

Any thoughts?

If you want a gamble then buy a lottery ticket. It'd probably be a safer bet than bank shares also :rotfl:

ozzage

I bought £1000 worth at 57.67 this morning. It was up 15% at one stage but closed down 2%.

Good luck, us

soulsaver

Financial Press were ringing a tale out that this morning too - quoting the volatile bit straight after the market opens - BBC being worst with BIG HEADLINE- LLOYDS CONTINUES FRIDAY SLIDE: DOWN 20+%! Don't they know you dont pay any heed to the first 15 mins...? Down 7% when I looked and was clearly clawing back...

soulsaver

ozzage wrote: »

I bought £1000 worth at 57.67 this morning. It was up 15% at one stage but closed down 2%.

Good luck, us

Aye I'll need a lot; I bought at £2:00 :-O; and am holding. But I sold at nigh on £5 a year or so ago. Trying to be tooooo clever... :richard:

Masomnia

Risk of losing it all, no dividends, no certainty about when a recovery will be or what it will even look like (ie. you can't compare previous prices with now due to higher number of shares in issue), lots of it owned by the government...

Think I'll give that one a miss.

Plenty of solid, undervalued companies, with good long term growth prospects and still paying dividends. I don't feel the need to stress myself out for the chance of a quick buck.

Andrew64

Anyone investing in these shares needs nerves of steel and the means to check the price every 10 minutes - so I think I'll pass up on them!

Andrew64

IF this story is correct, I wouldn't want to hold Lloyds shares overnight. I have seen other stories that say Lloyds needs 11 Billion Pounds and that would result in a 75% government stake.

http://www.thisismoney.co.uk/news/article.html?in_article_id=476352&in_page_id=2&position=moretopstories

Rescue plan as Lloyds faces '£35bn loss'

"The Government is drawing up emergency plans to bail out Lloyds amid a growing backlash over the bank's rushed takeover of HBOS."

Hatone

I still think given the situation Lloyds is in, the share price is overvalued. I mean, look at RBS, hovering at around 20p at the moment - a more realistic price.

Having bought shares in RBS, I wouldn't even contemplate buying Lloyds shares at 57p.At this time of writing, shares are still falling. This is an extremely risky venture.....

Reaper

You can't look at the current prices and say Lloyds is overpriced because the cost of 1 share is higher than 1 RBS share. It doesn't work like that. The number of shares issued by both and their relative sizes are different. What matters is the price of the shares compared to how big the dividend payments are expected to be in the future (the distant future in the case of these two!). Other factors may also have an influence such as the perceived chances of nationalisation.