Will you be buying shares in Lloyds TSB?

Buddy195

Kua wrote: »

Aye. Almost half a billion worth of shares changed hands today. The share price will be pretty volatile for some time yet.

Yes it will but personally would expect significant gains by the end of the year Hope my RBS do something as well but think they'll be a while longer :mad:

sabretoothtigger

They'll all be a while longer for proper gains I reckon

Whats your estimate for a reasonable price on rbs, they have consistently fallen back recently.
Maybe we'll be back in the twenties on them soon, lloyds looks like it'll be depressed for a while yet but in theory all of them have big upside potential if they can master their dark sides

Buddy195

Am hopeful that Lloyds will rise a fair bit in the next 6 months. RBS could hold for 2 years or so and see where they are then, would love it if they both reach £1 per share in the next 6 months but can't see it hapening.

halight

87% of the open offer shares were taken up. That left 13% of the share that were to be pleced into the market yesterday. The sale of these is what pulled down the peice. Some that took up the offer will also try and sell there new shares at a profit today and in the days to come. This very well may pull the price down a bit more.
But now thay dont have to pay a large divi to the gov each year( £400 million i think) And with the cost cutting that thay do as thay bring all the brands together The company should be back in the black.
Thay sill have toxic assets to deal with and get out of the styem. but in 12 months time i would be hoping the price to be just over £1.00 a share. And a small divi payment to be made to share holders.

Thrugelmir

halight wrote: »

87% of the open offer shares were taken up. That left 13% of the share that were to be pleced into the market yesterday. The sale of these is what pulled down the peice. Some that took up the offer will also try and sell there new shares at a profit today and in the days to come. This very well may pull the price down a bit more.
But now thay dont have to pay a large divi to the gov each year( £400 million i think) And with the cost cutting that thay do as thay bring all the brands together The company should be back in the black.
Thay sill have toxic assets to deal with and get out of the styem. but in 12 months time i would be hoping the price to be just over £1.00 a share. And a small divi payment to be made to share holders.

The restructuring of the business is going to hit the bottom line in the short term. Plus further debt provision and write off's as the effects of the downturn impact. So any dividend for at least 2 years is unlikely.

Still a long term buy when the price is right though.

ian-d

Well, I'm in!!! I've decided to dabble, I feel now is a good time and I'm looking for a long term return anyway

Not put too much in that I can't afford to lose, but have put enough in that I can see a possible good return...fingers crossed.

Kua

Thrugelmir wrote: »

The restructuring of the business is going to hit the bottom line in the short term. Plus further debt provision and write off's as the effects of the downturn impact. So any dividend for at least 2 years is unlikely.

Still a long term buy when the price is right though.

If and when Lloyds does start paying dividends I expect they'll present quite a respectable yield on today's share prices.

sabretoothtigger

Just read they are closing down the C&G retail outlets as part of their cost savings

Thrugelmir

sabretoothtigger wrote: »

Just read they are closing down the C&G retail outlets as part of their cost savings

The job losess are being dribbled out every week on one form or another.

At some point the main branch network of HBOS will be hit.

opinions4u

At some point the main branch network of HBOS will be hit.

In Scotland the branch network is being rebranded Bank of Scotland. The Lloyds name is disappearing.

In England and Wales I'm not totally certain that they will kill off the Halifax name. It's the strongest brand there is in savings and mortgages, so any decision to axe it could cost significant market share.

That's not to say they won't do it. But I think it's more likely they'll run along the lines of RBS/Nat West on the high street. I would guess that it will be well in to 2011 or beyond that they would have the systems in place to combine operations anyway.

Additionally, most Halifax branches are better located and better laid out than Lloyds. If they did cut back branches it may well be that some of the uglier Lloyds premises may be offered to Wetherspoons!!

Just read they are closing down the C&G retail outlets as part of their cost savings

And killing off IF as a provider of mortgages. And backing out of their provision of personal loans for the AA brand.

Staff in C&G must feel particularly peeed off at paying the price for bad lending by Bank of Scotland Corporate.