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This lloyds 38p per share thing!!!

poolielad
Posts: 164 Forumite


What is it all about?????
I bought shares in Lloyds about 2 weeks ago, does this mean i will get a option to buy shares at 38pence?????? Are they normal shares or some other kind????
If i can buy them, when and how many will i be able to but????.I own about 4400 shares @ 44p per share......
Many thanks
I bought shares in Lloyds about 2 weeks ago, does this mean i will get a option to buy shares at 38pence?????? Are they normal shares or some other kind????
If i can buy them, when and how many will i be able to but????.I own about 4400 shares @ 44p per share......
Many thanks
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team
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Comments
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Nobody knows the dates for lloyds afaik. They will be new shares that pay a scrip or div but not have voting rights I think, normal enough0
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But will i be legible to purchase them even though i only bought 2 weeks ago, and would it be worthwhile buying more Lloyds shares NOW,to give a option of buying more 38p shares???
Many thanksHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
Dates are not known. Maybe you had to hold them march 1st or maybe its april 1st, till they say I dont know0
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sabretoothtigger wrote: »Dates are not known. Maybe you had to hold them march 1st or maybe its april 1st, till they say I dont know
Ok, thank you, and sorry for being a thickoHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
sabretoothtigger wrote: »Nobody knows the dates for lloyds afaik. They will be new shares that pay a scrip or div but not have voting rights I think, normal enough
Pretty sure they do have voting rights. The open offer is an offer for new ordinary shares to pay off the preference shares.
The B shares, that are non-voting, are only being provided to the govt and these are in payment for entering the APS.
The offer statement was a little confusing to be honest. Firstly there was no date and secondly (and probably most confusingly) there were 2 alternative statements to calculate the number of shares available to each holder.
On one hand they stated it would be the same conditions as November which would be at 0.4347 shares for each share you own. Though the downside of this is that it would only raise £2.75bn and not the £4.05bn required to pay off the pref shares.
The other statement they made was that the shares would be supplied pro-rate based on your holdings. Therefore at a price of 38.43p / share, that would create 10.55bn new shares and mean that for every 1 share you could buy 0.64 new shares.
Without the prospectus its hard to know which is going to be the option that LBG provide us with but if I had to guess I would go with the latter.0 -
What is it all about?????
I bought shares in Lloyds about 2 weeks ago, does this mean i will get a option to buy shares at 38pence?????? Are they normal shares or some other kind????
If i can buy them, when and how many will i be able to but????.I own about 4400 shares @ 44p per share......
Many thanks
If you can buy into the scheme will you be doing so?0 -
I found this........
http://finance.google.com/group/google.finance.8873270/msg/1aa3c6ee48fcc251?dmode=printHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
You could well be throwing good money after bad. There's much better companies in the Ft-Se 100 that you could invest money in. And they pay good dividends too0
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