Will you be buying shares in Lloyds TSB?

tradetime

Andrew64 wrote: »

Lloyds shares - and bank shares generally - are not for the faint-hearted! I certainly don't have the nerve for them! I wonder how many people here do?

Prefer blackjack myself, much more fun.

Thefunkygibbons

I have them on my watch list

However, the trouble is the increased risk of Govt meddling, so I needa substantial risk premium for that

And right now, there are better buying opportunities out there

ad44downey

Buddy195 wrote: »

:rotfl:

How would I trade in imaginary shares? What exchange are they on?

Dear me you've really got the vendetta thing down to an art. Time to move on lol :rolleyes:

No vendetta. I'm just letting casual visitors to the site know that not everyone who claims to be buying thousands of bank shares and to be making thousands of pounds in the process is telling the truth. Otherwise they might be unduly influenced to part with their hard-earned cash and lose the lot

ad44downey

Buddy195 wrote: »

:rotfl:

How would I trade in imaginary shares? What exchange are they on?

ask decadent fool. He's the expert on that sort of thing. :rotfl:

NPowerUser

Thefunkygibbons wrote: »

I have them on my watch list

However, the trouble is the increased risk of Govt meddling, so I needa substantial risk premium for that

And right now, there are better buying opportunities out there

Agreed.

With the govt already owning 43% of LLoyds and the threat nationalisation, it would take a brave person to punt the shares.

thrupence

Andrew64 wrote: »

Lloyds shares - and bank shares generally - are not for the faint-hearted! I certainly don't have the nerve for them! I wonder how many people here do?

When the banking sector is generally dubious, that affects all the banks, as the herd sells off.

However not all banks are the same.

It's in times such as this that bargains can be found in the unfolding volatilty. People have been making money by buying cheaply and selling at a higher price. Though the time may now have passed for short term gains. I've sold my last holding in RBS and will no longer play the banks.

I have however invested in Standard Chartered, which because of banking fear is very very cheap, especially so a few days ago, and pays a nice fat dividend..:cool:

Buddy195

ad44downey wrote: »

ask decadent fool. He's the expert on that sort of thing. :rotfl:

Think he's put you on his ignore list so not worth continually having a dig at him!

sh856531

I can't see them being completely nationalised, surely!!!

Well, if I understand how this all works correctly, they don't have to be completely nationalised for investors to lose out big style.

For example, if the government currently owns 50% and then decides it needs to own 75%, they effectively reduce your stake by 50% as your shares become heavily diluted.

I don't know for certain but I think this would effectively turn your £1000 in £500 instantly and you would have no recourse to complain.

Perhaps someone can correct me if my reasoning is flawed - it has been known to happen occasionally :-)

Best Regards

S

gozomark

the flaw is - you own less but of a larger company - the govt will have to put money into the bank to raise its stake

ozzage

I certainly expected the APS announcement days ago, which would (probably) have led to a very different week. But with the whole market collapsing who knows really?

If the market stabilises then I think we'll see the price rise again even without the announcement. Might be better now if the APS announcement doesn't come until that happens.