llyods tsb shares

dealsearcher

Now there is a threat of strike action over the possible removal of the final salary pension scheme. :undecided

http://www.theguardian.com/business/2013/nov/06/lloyds-pension-changes-union-meeting

How is that going to play?

opinions4u

dealsearcher wrote: »

Now there is a threat of strike action over the possible removal of the final salary pension scheme. :undecided

http://www.theguardian.com/business/2013/nov/06/lloyds-pension-changes-union-meeting

How is that going to play?

Only a third of all staff in the scheme. Little chance of wider public support.

While those staff are being screwed massively, some of them seeing 50% knocked off their retirement incomes, the bank has them by the gonads.

bossymoo

Unlikely there will be strike action. But does seem unfair, particularly on those who joined the scheme later and still have a decade or two to work. But I can see why the final salary schemes are being phased out - they are so expensive with investment schemes not doing so great and people living longer.

Dividends: I too heard they were looking to reintroduce next year. Hope so!

dealsearcher

bossymoo wrote: »

Dividends: I too heard they were looking to reintroduce next year. Hope so!

All tax payers should hope so. The share price is sagging this week and a dividend would at least attract some investors to the share. Then the government (tax payers) will get their money back.

According to the article I linked to the government bought in at 73.6p. The share price has almost fallen back to that after reaching 81p on 28th October. That makes a lot of difference to the tax payer getting their money back.

Maybe the CEO also won't get his bonus if it drops below 73.6p.

dealsearcher

So how will this effect the LLOY share price:

http://www.4-traders.com/LLOYDS-BANKING-GROUP-PLC-4000786/news/Lloyds-Banking-Group-PLC--Lloyds-to-sell-up-to-half-TSB-stake-at-IPO-newspaper-17491894/

Thrugelmir

dealsearcher wrote: »

So how will this effect the LLOY share price:

http://www.4-traders.com/LLOYDS-BANKING-GROUP-PLC-4000786/news/Lloyds-Banking-Group-PLC--Lloyds-to-sell-up-to-half-TSB-stake-at-IPO-newspaper-17491894/

Depends on the price achieved. TSB has a book value in the region of £1.5 billion. So anything above this value adds value to Lloyds itself.

bowlhead99

Of course, the LBG business as a whole (and by implication, the TSB element of it), is not valued by the shareholders at 1.0x book value. And so if Lloyds spins off TSB at something other than 1.0x book value it will make a gain or loss on its own financial statements but won't necessarily translate to the same quantum or even direction of return for the LBG share price.

veryintrigued

Still way off the peaks in the past but 52 week high:

http://www.bbc.co.uk/news/business/market_data/shares/3/87114/twelve_month.stm

Drp8713

It was a good day. Been flat for a while so hopefully will push on a bit.


Fingers cross for Sainsburys trading statement tomorrow.

dealsearcher

So where now for the Lloyds share price? Up to a peak of 85.8p yesterday morning and then down to 83p at the end of the day. Correction?


The gradual introduction of a dividend should push the price higher.


The government sell off? How will that effect it? The sale price will be at a discount:


http://www.4-traders.com/LLOYDS-BANKING-GROUP-PLC-4000786/news/Lloyds-Banking-Group-PLC--THE-LLOYDS-BANK-SHARE-SALE-17779005/


Would a sale discount bring the share price down? Depends what the discount is of course, but an artificially lower price at the sale will effect the price in general. But which way?


Lloyds share price certainly has a long way to go before it reaches the previous levels of 590p in 2007 and even August and September 2009 saw 110p.