LLoyds Open (Exchange) Offer NOV 09

Mr_K

I think Lloyds are a better bet than horses (just !) As with with everything don't invest what you can't afford to lose.

cardsharps

Mr_K wrote: »

Mmm... Well I'm taking the plunge and taking all they're offering. Not expecting a profit anytime soon. However I probably won't be cashing in until retirement (20 years time), by which time I think there's a chance of a good/significant return.

You may just hope and pray that there isn't a double dip in the recession. If there is Lloyds will probably be nationalised with the shareholders getting nothing.

melbury

cardsharps wrote: »

You may just hope and pray that there isn't a double dip in the recession. If there is Lloyds will probably be nationalised with the shareholders getting nothing.

Must say that your cheerful optimism is inspiring:D

melbury

Just_landed wrote: »

Mmm... Well I'm taking the plunge and taking all they're offering. Not expecting a profit anytime soon. However I probably won't be cashing in until retirement (20 years time), by which time I think there's a chance of a good/significant return. >>>

Don't forget shares are just like horse racing, you can win and lose I started at £4 +:rotfl:

I have had the letter in my car ready to post back for days now and keep looking at the share price. Will definitely post it on Monday, I think Lloyds are worth the risk. They only got dragged down by HBOS, which the government really pushed them to take on - shame really.

sabretoothtigger

cardsharps wrote: »

You may just hope and pray that there isn't a double dip in the recession. If there is Lloyds will probably be nationalised with the shareholders getting nothing.

rbs isnt nationalised and government owns twice as much of it as lloyds. This fund raising allows them to stay a majority private company

There wont be a double dip, it'll just be a flat line because of horrible government overspending.
If house prices fall it doesnt mean bad debts rise necessarily, because of inflation house prices probably wont fall anyway but the underlying value will this means the cost of investment loss lies mostly with the house owner not the bank which holds the debt (in most cases)

i haven't really paid anything for the rights even though it says i bought them at 3k?

The right to buy discounted shares was 'free' to you however you have probably lost 3k on the original worth of your shares. (same thing happens with dividends, its not exactly free)
You can sell the rights to regain some of this loss.

However you will be reducing lloyds ownership with bad timing and why did you hold them if only to back out when asked for support. They did give notice on this

On the other hand, dont invest in anything you dont understand

cheekykid

sabretoothtigger wrote: »

However you will be reducing lloyds ownership with bad timing and why did you hold them if only to back out when asked for support. They did give notice on this

I never understood the validity of this argument. What difference does it make whether you hold 0.0000001% or 0.00000001? If i was holding 5% of lloyds with the rights issue that would have dropped to 2.5% and then I would get your point about getting your extra shares but we are talking about peanuts here.

Under what scenario I win something from selling rights?

sabretoothtigger

If you can buy the shares more cheaply later then on December 10th, selling rights would be best short term.

cheekykid

So if I sell my rights do I make a profit? What do my rights to buy 13483 shares at 37p actually cost to someone else?

yee_har

I'll take a run at this....

I assume you trouser 13483 x 17p

and then

Lloyds trouser 13483 x 37p if/when the buyer of your rights exercises them and buys the actual shares

ANGLICANPAT

As these can be inherited, weve decided were going to go ahead and buy the new shares. Have read the back of the form and hopefully understand. Bar signing cheque and ticking column A , am I right in thinking that unless we want to go with Crest (why would we, we have nothing else involved with them ) that theres nothing to be signed or marked on the back page - just get the form and cheque off fast now?