Lloyds Bank shares now 78p

sabretoothtigger

Lloyds did hand out free shares earlier this year, it was like 40 for every one you had. Otherwise known as a 2.5% scrip dividend

Its generally bad if they start issuing too many shares, they usually do this for directors as their bonus and share schemes also. If you sign upto their RNS feed they'll email every time your holding gets a bit more dilulited

See their website, they also warn of immentent results if you like

It would be like Zimbabwe if they just handed out too many shares and the lse is efficient enough to make the 'inflation' instant from the moment of the press release


If anyone bought shares like normal just after the offer, I think the price was 60p? That would be a clear profit to sell on now. Actually thats like an easy 30% I should have done that

Same for hsbc and standard chartered, all were good times to buy just normal shares on the normal market as they have roughly doubled since then

Aegis

sabretoothtigger wrote: »

Lloyds did hand out free shares earlier this year, it was like 40 for every one you had. Otherwise known as a 2.5% scrip dividend

I'm assuming you mean one for every 40 then...?

sabretoothtigger

Yea, that'd be more like gozo talked about. If anything they should do the reverse


RBS has 56 billion shares in issue :laugh:

uk_steve

personly i bailed out before the share offer was done so i did pretty well on the asking price (over doubled my money @ 104.00 a share)

then when it fell i purchesed again after the offer was in circulation
i just sold them shares this week and made another profit not as much but its a profit




i am sure the price will go back (104.00) in the next 6-9 mths now



i am really really hoping it gets a drop to 65p or lower in the next mth or two (so i can re buy again)



but in all honestly i wish i kept my original stake so i could take up the share offer myself and just made life easyer for myself by not going in and out of the market

1 way of looking at it
as long you make/made money who gives a shoiizzzzz
how you done it in the long run
;-)

sabretoothtigger

Sounds like you'd make the most money of all that way.
Im always thinking about stupid shares bouncing between two points and how much money it'd be to just buy/sell those two points, example would be standard life between 170 and 200. They must have touched both a dozen times now

Another is vodafone, 110 to 130 or 120. Risk enough money and thats profitable, they arent about to collapse really and they pay a big dividend anyway


Years ago I read about a guy on another forum who every day spent his mortgage money, 100k or whatever on 'cheap' but big shares. He'd trade the range, buy before he went to work and check at lunch time to sell them if they had risen like he thought.

That was in 2007 though, so I wonder how he went when the market went bad. Of course I didnt see any recent posts on it.. If he wasnt lying then in theory it sounded like he'd made enough profit, 5% here and there every week to cover any losses



A guy who remortgaged his house to buy 'cheap' lloyds shares, he also traded the range but the timeline is not Q1 2009 but summer 08 onwards -
http://forums.moneysavingexpert.com/showpost.html?p=19501883&postcount=104

uk_steve

1 area i dismissed was dividends when i do my buy ins and outs

but its something i do want to adopt into the future on next shares i do and sit on them for longer periods of time
(reason being i am in front of my laptop every day checking to sell or buy for every 10 mins in an hour of a trading day) its been a habit but a good habit (So Far) im lucky i have the time on my hands but i do have other stuff i need to be doing away from this very soon, so need a new plan of attack, limit orders seem to be so hit n miss,

but i do like the feeling its my own time and my own terms what i do and done;)

hence not leaving money in a savings account for 1 year, lets face it intrest these days are not inflation future prof

grumpycrab

gozomark wrote: »

but your existing shares are worth less....
you would love stock splits - you get shares for free

My existing shares are no more worthless today than when I took up the option.

sabretoothtigger

The share price adjusted from the record date for the open offer, think it went from about 100 to 67
but since its risen since then, the decision to hold and participate looks good


It is confusing to me, but I think what people are saying is if the open offer never happened the drop never would either and you would have a price now of 116p instead (78 / .67)

However that ignores the original purpose of the offer, to improve the base worth of lloyds (reduce debt) which imo was positive

uk_steve

sabretoothtigger wrote: »

A guy who remortgaged his house to buy 'cheap' lloyds shares, he also traded the range but the timeline is not Q1 2009 but summer 08 onwards -
http://forums.moneysavingexpert.com/showpost.html?p=19501883&postcount=104

wow that was a good read

gozomark

grumpycrab wrote: »

My existing shares are no more worthless today than when I took up the option.

they are, because of dilution - they were worth £1 odd, not any more