Lloyds Tsb Shares

ozzage

Currently I'm up £28 on my LLOY holdings!

Stavros_3

stamfordblue wrote: »

I think that Lloyds shares being 56p are a cracking buy at the moment.
Their figures come out on Friday and I expect they will be good.
The share price will then rise.

.

NPowerUser

Why anyone would want to invest in banks at the moment is beyond me?

RBS and Lloyds have massive toxic assets and far too much government intervention for my liking in their respective shares. Far better to sit it our for 4-5 months, lets get all the bad news out the way and see how things are in the summer.
Lloyds could very easily hit 30p in the months to come and RBS could also hit 15p so why risk a 40%+ loss now?

If I was forced to invest in Banks I would be looking at HSBC and Barclays both of whom have been less irresponsible in their lending and are both on a much more sound financial footing. Once Barclays gets the arabs of their backs in 4 months time they might be worth a small dabble?

Just because a share was once worth nearly five pound a share and now its worth 57p doesn't mean its value. Its gone from being a cash cow for investors to a not so shiny turd.

Let the drip drip of bad news come out in the open and if you are desperate for a bet try an online casino.

sabretoothtigger

Where have you heard about Barclays being sensible, in 4 months they will sign upto the current government scheme?

stamfordblue

Well I was bit out on when they would rise...lol.
They did it a day early.:)

And Lloyds figure WERE good.They were not in debit.Nearly 1 billion in profit.

I'm sure some people made a lot of money over the last few days up to Thursday, as the share price went up considerably in % terms.
Well done to you all

Not bought any Llloyds shares yet due to other commitments.
Never bought Northern Rock or B&B shares by the way.

I feel lucky that the shares have dropped back to the price I wanted to buy at, so next week more than likely I'll be investing.

Downside is that I could have made at least 25% on my investment in 3 days.

Sure as hell beats the paltry less than 5% a year sticking it in a building society or bank!

sabretoothtigger

Dividends season summary, 41% rise if you went with BHP billiton which cancelled a massive merger

http://www.digitallook.com/news/2630640/Dark_day_for_dividends.html

Nothing for the banks

Decadent_Fool

stamfordblue wrote: »

And Lloyds figure WERE good.They were not in debit.Nearly 1 billion in profit...I feel lucky that the shares have dropped back to the price I wanted to buy at, so next week more than likely I'll be investing.

Good luck for next week, lets see how it goes!

sh856531

Really, I'm asking for an honest-to-god answer here: Why would Lloyds Banking Group be nationalised? No opinions, let's have cold economic reasons, not just statistics of yadda-yadda-yadda a loss.

Well, the fairly obvious answer is that they are bankrupt. If the government has to give you billions of pounds just so that you can continue to function - you are bankrupt.

To further expand on why the government might totally nationalise them - my current view is that its because the current situation is so utterly !!!!!! for the taxpayer. You might even argue criminally so.

Currently, the situation with RBS and probably soon Lloyds is that the government (or in otherwords me) hands over billion after billion to Lloyds in return for 43% of $^&* all - in order to "recapitalise" them.

Then, on top of that and in a situation soon to be replicated with Lloyds, the government offers to take £325 billion worth of total !!!!!! from RBS and effectively write a blank cheque to cover its total loss in exchange for £6 billion.

So the government now owns 90% of the risk and what do we get in return?

- 43% of $!%^ all

Personally, given that we're already taking on the vast majority of the worst liabilities that RBS and Lloyds have - I think the more interesting questions is.

- Why hasn't the government taken total ownership?

From where I'm sitting, the taxpayer is getting totall and utterly shat on by the government and its current half-way-house approach and its no surprise that RBS's shares jumped 30% yesterday when the market realised that the taxpayer was going to write off up to 325 billion pounds worth of !!!!!! in exchange for 6 billion quid

Banderman

stamfordblue wrote: »

And Lloyds figure WERE good.They were not in debit.Nearly 1 billion in profit.


!

Yeah, A brilliant result, a £11 billion pounds loss - the 3rd biggest in UK corporate history. Shares down over 20% to reflect this. You don't live in the real worrld, do you

sabretoothtigger

And Lloyds figure WERE good.They were not in debit.Nearly 1 billion in profit...I feel lucky that the shares have dropped back to the price I wanted to buy at, so next week more than likely I'll be investing.

If in future lloyds can turn hbos business into more lloyds profits, its a big positive.
Who believes they can polish some dented old brass pot and turn it into a genie lamp :laugh: Thats alot of polish