Old Halifax/New Lloyds Shares from years ago

egyptiangirl

Hi
I wondered if anyone could help.

Years ago I was given shares by Halifax and they used to give me a dividend every year (nice ).

Then things went bottoms up and LLoyds took over. At the time I thought I was offered more shares but didn't take them.

Since them I've heard nothing. Did I unknowingly give up my shares when I was asked to buy more?!

If not, what happened? Where are they? How do I find out?!
Sorry if I sound dim but in these matters I am!:cool:
Thanks

jennifernil

Your Halifax shares were converted into (fewer) Lloyds shares after Lloyds took over. You should have received new share certificates.

Since then there has been one, or possibly more, offers to buy more shares. I didn't take these up either. I remember getting some money as I had not taken up the discounted shares.

Dividends have not been paid for ages now.

Look out your paperwork and contact them to see what has happened with your shares.

egyptiangirl

many thanks
I've just looked through my stuff and although I can't find a share certificate I did find some useful stuff.

Will we ever get dividends?

longleggedhair

egyptiangirl wrote: »

many thanks
I've just looked through my stuff and although I can't find a share certificate I did find some useful stuff.

Will we ever get dividends?

Well I have brought some Lloyds shares of late as the price has dropped so low (almost touched 20p last week) I intend to hold these for the long term, and as the economy recovers and Lloyds sorts out its balance sheet, I expect them to begin paying dividends (modest ones initally) but dont expect any for at least 2-3 years. Hopefully there will also be gradual share price recovery.

sabretoothtigger

The Halifax price has gone from about 400 or so to like 10p now so dont be too disappointed. One day they might double or triple or even pay a dividend but thats considered optimistic

The government is currently telling banks not to pay dividends as they take more losses from the destruction of europe, ireland, etc. Time frame for these to regain is about 10 years I think

Contact the registrars if you have no account details for your shares

meatandtwoveg

I sold my 200 free shares from the Halifax in 2000, i think circa maybe £7.50, i think i got £1500.00 for my shares, they are now 25p a share...


http://www.guardian.co.uk/business/2010/oct/12/halifax-shareholders-scale-lost-investment


My 200 would have gone to 160 Lloyds shares at say 26p a share = £41.00..........Jeez i would have lost £1400.00.

Whats worse is i bought another load in 1999, and sold ata profit. If i had kept them i dread to think....


Calculating the value of the 200 free shares has required a number of assumptions. The corporate manoeuvring that took place after 1997 had turned the 200 free shares – worth £1,465 at the time – into 160 shares by the time the takeover by Lloyds was completed in January 2009.
At today's share price of about 73p, those 160 Lloyds shares are worth £117. However, the calculation also takes into account the £124 in cash that Halifax shareholders received in 1999 from a special dividend. It also assumes participation in the first emergency cash call by HBOS in spring 2008, which would have cost the windfall investor £203.50. This leaves the original 200 windfall shares worth £38m.
Analysts said few HBOS investors took up the first cash call – barely 8%. So a windfall investor who shunned that offer would have still had a value of £241 on their initial shares – the £117 face value plus the £124 in cash paid out in 1999.

barak

egyptiangirl wrote: »

Hi
I wondered if anyone could help.
Did I unknowingly give up my shares when I was asked to buy more?!
.....
If not, what happened? Where are they? How do I find out?!

egyptiangirl - It's easy to find out without even making a phone call.

Go to http://www.shareview.co.uk/Pages/PublicShareEnquiry.aspx

1. Find "Lloyds Banking Grp" from the drop-down menu
2. Enter your surname
3. Enter your shareholder reference from a certificate or - if your "useful stuff" includes one - from any dividend voucher.
4. Enter your postcode

If you get all those right, your shareholding will be displayed!

sabretoothtigger

How is Egypt nowadays anyhow. Great change brings great potential, unfortunately it wasnt in favour of shareholders or to date Lloyds though I wonder just how bad a deal they could have done.
Lloyds may be floating off part of the business so they would again be asking people to buy up shares maybe

gadgetmind

egyptiangirl wrote: »

Will we ever get dividends?

Lloyds is blocked by the EU from paying dividends on any non-cummulative discretionary instrument until early next year. At this point, they *could* start to pay dividends on their preference shares such as LLPC, LLPD, etc., and the first payment on LLPC would be end of May 2012.

Any missed coupons on the prefs block dividends on the ordinaries for 12 months, so we're looking like December 2012(1) at the earliest according to counting on my fingers. If the May coupon on the prefs is missed (which would send a *big* bad signal to the markets) then the ordinaries are blocked until around mid-2013.

Paying the coupons on the suspended prefs wouldn't cost Lloyds very much so the feeling is that they will do it. However, despite its 9.25% coupon, LLPC is still trading at 77p, well below the par of 100p.

It's a big risk, but with a future forward yield of 12%, and potential capital upside, prefs such as LLPC are very tempting. I already hold a fair bit of banking pref stock but may not be able to resist a few top-ups.

(1) - The end Nov 2011 coupon on LLPC was blocked, so I know about this one, but there are *lots* of other Lloyds issues, which all interact and block in subtle ways, and no-one knows quite how long it will take for Lloyds to restart it all.

egyptiangirl

Thanks all

Meatandtwoveg - are you just gloating?;)

gadgetmind - thanks but I think you've blinded me with facts and figures! I trust you anyway.

Sabretoothtiger - Well I haven't been to Egypt for several years and nither am I Egyptian! :eek: thanks anyway

barak - yes I found this but unfortuantely they have to send a 'pin' to you and of course they have my old address Have to complete paperwork to change address but I will get it!

Thanks all. I wasn't going to sell them anyway, I look forward to some sort of divdend at some point in the next 50 years :cool:

gadgetmind

egyptiangirl wrote: »

gadgetmind - thanks but I think you've blinded me with facts and figures! I trust you anyway.

Fixed interest, and particularly hybrid instruments, are way more complicated than equities IMO!

Thanks all. I wasn't going to sell them anyway, I look forward to some sort of divdend at some point in the next 50 years :cool:

I think we'll see ordinary divis within a year or so, but they will be *very* modest to begin with. However, I'd hope the ords will bounce up to 60-70p in about the same time frame.

I hold small quantities of LLOY and rather too much LLPC!