Will you be buying shares in Lloyds TSB?

ave_a_ris

If I sold my current holding (which was acquired prior to May this year)today would I still be able to buy the Offer shares which have already been allocated to me by virtue of being a shareholder before 20th May?

opinions4u

ave_a_ris wrote: »

If I sold my current holding (which was acquired prior to May this year)today would I still be able to buy the Offer shares which have already been allocated to me by virtue of being a shareholder before 20th May?

Yes. If there's a tailswallowing option within the offer then that may be a better way to sell your existing holding though.

lotsadogs

Well I plan to take up the option in full.

Dont really know why other than it feels liek the right thing to do and so far followign instinct has worked for me.

I think as long as you never "NEED" to sell shares at any given time, then chances are your on to a winner. As long as you can sit and wait and enjoy the rollercoaster.

cardsharps

Yes, bradford and bingley was some rollercoaster. The only problem is the rollercoaster derailed.

dc110

If I sold my current holding (which was acquired prior to May this year)today would I still be able to buy the Offer shares which have already been allocated to me by virtue of being a shareholder before 20th May?

Are shares held close of business 19th may qualify for the offer, so yes.



There isnt a tailswallow option as is an open offer not a rights issue

sabretoothtigger

There is a tailswallow option

mrposhman

dc110 wrote: »

Are shares held close of business 19th may qualify for the offer, so yes.



There isnt a tailswallow option as is an open offer not a rights issue

you obviously haven't read the prospectus

dc110

eeek. Apologies - I clearly missed that whole section. I see it now.

Sorry to anyone I misled

Kua

Joining this discussion late but as far as I understand it Lloyds have made a new issue which they are offering to existing shareholders at 38p/share and they have til 5th June to take them up. After that date will they be available on the general market at that price? Or is my thinking completely wrong there (I just read on another forum that it would work something like this).

I realise an investment in Lloyds at the minute is a total gamble but after seeing what happened with Barclays its hard to be uninterested :P .

sabretoothtigger

After that date will they be available on the general market at that price?

They will be on the market at the going rate on that day which might be 38p or 138p or somewhere between.

Lloyds is going to be much more boring then barclays. Barclays operates in zimbabwe for example and all sorts of exotic ventures that might suceed or not.
Lloyds is going to be about mortgage debt and retail savings and its all in the uk afaik not america like barclays.

At these present prices I back your basic premise though