Will you be buying shares in Lloyds TSB?

Buddy195

The_MoneySavingKid wrote: »

So the overall end outcome is going to be negative?

Only someone with a sure fire crystal ball could answer that.

For me when the share value hits where I want out then I'll sell and not worry about it. Bank shares have made a lot of people money in the last few months, also have lost people a LOT of money if they've been in long term :eek:. What the future holds who knows....

sabretoothtigger

may 8th was the scrip dividend date. you will get some free shares just after the market crashes

Lloyds dropped 15% the other day from their (realistic) trading statement. Where as barclays announced 15% rise in profits and rbs stated some of the largest profits ever before nullifying everything with even bigger (separate) losses, overall better then expected


The hbos merger could only make sense on a 10 year time frame.
short term it looked like suicide and a complete reversal of strategy towards risk, they still rank way ahead of the rbs merger just because the price for hbos was so low but most people would say hbos was less then worthless which cant be true with so much potential customer revenue

Buddy195

sabretoothtigger wrote: »

may 8th was the scrip dividend date. you will get some free shares just after the market crashes

Wasn't aware of a market crash on Friday?

sabretoothtigger

You dont get them immediately, I mean they may well be penny shares again by the time you do which if you wanted the income is a bit irritating.

I guess its possible to work out how many your'll get and sell off that amount right now

Buddy195

sabretoothtigger wrote: »

You dont get them immediately, I mean they may well be penny shares again by the time you do which if you wanted the income is a bit irritating.

I guess its possible to work out how many your'll get and sell off that amount right now

Do you expect Lloyds shares to go down to penny shares again? I suspect they'll float around their current value for a while until things become clearer.....

tradetime

Buddy195 wrote: »

Do you expect Lloyds shares to go down to penny shares again? I suspect they'll float around their current value for a while until things become clearer.....

Having watched the performance of banking shares over the past 12 months you would have to believe the banking sector is all fixed not to expect them to return to a much lower price at some point in the near distant future.

Buddy195

tradetime wrote: »

Having watched the performance of banking shares over the past 12 months you would have to believe the banking sector is all fixed not to expect them to return to a much lower price at some point in the near distant future.

It's pretty much common knowledge it's not fixed, but hasn't stopped a big rise in the share price, for RBS, Lloyds & Barclays

tradetime

Buddy195 wrote: »

It's pretty much common knowledge it's not fixed, but hasn't stopped a big rise in the share price, for RBS, Lloyds & Barclays

That's partly true, in that there are analysts out there who are laying claim that the worst is over and for most banks they are on the road to recovery, and there will be people who buy them on that premise, so it's perhaps not as common as you think, big price swings are nothing uncommon in bear markets, the most powerful rallies occur during bear markets.

sabretoothtigger

Theres plenty of bad news ahead afaik, it is shouldered more with government now then separate companies perhaps

Also arent they issuing new shares, Im not sure how that effects things. I wouldnt sell all of them just saying some income from a share is a good thing

Buddy195

sabretoothtigger wrote: »

Theres plenty of bad news ahead afaik, it is shouldered more with government now then separate companies perhaps

Also arent they issuing new shares, Im not sure how that effects things. I wouldnt sell all of them just saying some income from a share is a good thing

If no new shares does that mean the government will go up to 60% control of Lloyds?
Do you know for certain it's not going to happen?