Will you be buying shares in Lloyds TSB?

sabretoothtigger

I posted some quotes here: http://forums.moneysavingexpert.com/showpost.html?p=21206379&postcount=214


Im not sure what percentage the government will have but it can only help to discuss possibilitys.
They'll be some minimum and they are 42% now I think, not sure if that rises but lloyds said at one point it thinks it will be able to stay mostly privatised under this next share issue

mrposhman

The current % is 43%. If the open offer is taken up fully by current shareholders then this will stay at 43%. If it doesn't it could move anywhere upto 65% I think. Add to this the further dilution later down the line of the B shares and the ownership stake could increase to 77% I believe.

I would suspect that based on the current SP the open offer will be fairly well subscribed.

Hatone

My additional shares from Lloyds were added today (following the statement recently about Lloyds giving so many free shares for every XX you own)

Though my account is giving me the option to set my book value, I wonder if this could mean an open offer is around the corner.....

sabretoothtigger

I think they'll do it around the AGM next month if only to save on postage and send them both at once :laugh:

They may need to pass some new resolution to have the power for issuing the new shares and also they have to start paying that 17bn insurance bill on toxic debts with 7% yield b shares

I wouldnt mind some of those, its roundabouts and swings. We buy back the pref shares and government gets some new ones though these are lower yield i guess and when rates go back up they'll not be such a premium

The XLF is down 6% today and is really overdue for some adjustment, so enjoy this price while its there I guess

ian-d

I'm kicking myself, I started this thread quite a while ago now and due to not having any experience of the stock market decided against buying shares when they were around 50p...gutted

sabretoothtigger

Dont worry about it, unless you got infinite money Im sure you put some other use to it.
They went to 37p in March I think and they might well drop back again so you have another chance especially as there is more house price falls and unemployment rises, lots of time to speculate I think

Take the average gain

Buddy195

sabretoothtigger wrote: »

Dont worry about it, unless you got infinite money Im sure you put some other use to it.
They went to 37p in March I think and they might well drop back again so you have another chance especially as there is more house price falls and unemployment rises, lots of time to speculate I think

Take the average gain

Shares have been pretty much in freefall this week. Thankfully mine were bought with profits from other shares and don't have a large holding. Think I'm in for quite a while until I can get a decent return....

Decadent_Fool

sabretoothtigger wrote: »

They went to 37p in March I think and they might well drop back again so you have another chance especially as there is more house price falls and unemployment rises, lots of time to speculate I think

Take the average gain

The way I imagine things over the next few months is as follows:

Good take up of open offer, with resultant price drop adjustment for the extra shares now being available (which we've seen today, plus a few extra percent);

When released, some shares then dumped on market through profit taking, reducing price further;

Price then steadily increases to £1ish, and floats around there;

Interim results come out, they're bad, price plummets, and all these people who took up extra shares think "What did we do THAT for?", dumping their shares and suppressing the price further;

We then step in and hoover up the crumbs at a dirt cheap price, through our ISAs if we can, and sit on them for 5 years.

Hey, everyone needs dreams!

00ec25

Decadent_Fool wrote: »

Hey, everyone needs dreams!

you forgot the bit about return of the 6% dividend once the pref shares are gone seeing as "everyone" is taking up the open offer :T

Decadent_Fool

I think there'll not be a dividend either this year or possibly next as well. I'm after capital gain anyway!