llyods tsb shares

Masomnia

opinions4u wrote: »

To be fair, I can see where Milliband's coming from. The days of several hundred local building socieites making life tougher for the banks would, perhaps, be an ideal to return to.

I think now we have fewer banks, dozens rather than hundreds of building societies; but online banking is the game-changer.

Fewer institutions, but it's much easier to switch and you can access building societies on the other side of the country much more easily.

You only have to look at the current account market where they are paying you to bank with them to see that there's plenty of competition in the sector. How that translates to small business lending I'm not sure, but it suggests to me that the problem isn't the number of institutions, more their lending criteria.

dealsearcher

mark88man wrote: »

I guess it more that this board represents a minority viewpoint - if you don't own shares (I am very long on LLOY) you don't care you just agree with anti banker rhetoric. if the sell off is sabotaged you don't care.

We are all owners of Lloyds shares, if you are a tax payer. Even if you are not a tax payer you will benefit from a higher sell off price. The higher the price the government gets for the Lloyds shares the more money in the government coffers and the more money available for all of us - welfare claimants, the NHS, etc., etc.. And we are talking billions here.

Thrugelmir

opinions4u wrote: »

To be fair, I can see where Milliband's coming from. The days of several hundred local building socieites making life tougher for the banks would, perhaps, be an ideal to return to.

Technology has changed the world of finance in the intervening period. Building societies were consolidating well before the rush to become quoted banks. As scale of economy was already well under way.

Interestingly Building Societies are lending more money (Up £17 billion) for mortgages while banks are lending less (Down £12 billion).
Perhaps this is the start of a longer term trend.

Mortgage lending isn't highly profitable. Better profits are made from SME lending. Santander have openly expressed this view.

So Ed's comments may well prove to be redundant moving forward. As the banking industry already is well on the road to change.

melbury

mark88man wrote: »

I have to agree I find it hard to see the political logic in Miliband's line of attack, but it must be there as generally he seems clever. I guess it more that this board represents a minority viewpoint - if you don't own shares (I am very long on LLOY) you don't care you just agree with anti banker rhetoric. if the sell off is sabotaged you don't care.

Personally I think labour have much stronger social lines of argument, but maybe they are not playing well in the think tanks.

I have had this as 90% weighting (100% occasionally) of my risky pot and hardly sold a share until they hit 85p. I am now top slicing because I am uncomfortable it was too much money even in a risky pot

I believe £1.00 or close is achievable if the results in Feb are good, at that point I will sell a few more (at that point I have nearly tripled my investment) if I had come in at 80p or so I might be looking to wait until the 2014 results this time next year

Is it likely that Lloyds will start paying dividends in the foreseeable future, or is that on hold until the government has sold all the shares off?

Masomnia

melbury wrote: »

Is it likely that Lloyds will start paying dividends in the foreseeable future, or is that on hold until the government has sold all the shares off?

AFAIK the government holding has little bearing on whether they can pay a dividend or not. I believe it's down to EU regulators and whether they think Lloyd's have sufficient capital to pay a dividend and remain well capitalised.

mark55man

melbury wrote: »

Is it likely that Lloyds will start paying dividends in the foreseeable future, or is that on hold until the government has sold all the shares off?

Long term holders are hoping for that as the Lloy income will have been sorely missed from their portfolios - I think the last dividend payment was 32p - more than the share price in 2011

What everyone expects is that a token dividend (up to 1p) will be announced in Feb at the results, or at worst (if there is some EU wrinkle to overcome) a plan for when they might resume

failure for this to happen will be hugely negative for the price IMHO

sabretoothtigger

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.

They 119bn big now At 590p they'd be nearing a trillion which for a UK only company is rather large

PPI claims is a known unknown (to quote Donald Rumsfeld)

Socrates
The highest status a politician can attain is to defer to a greater wisdom, they rarely do

melbury wrote: »

It is not as if a general election is imminent. Typical Labour, bad for the stockmarket.

Its close enough, market price today estimates value in 18 months time so they say.

Labour should eventually be amazing for the stockmarket

I saw a good xmas quiz question, reasons relate to both answers why

Which stockmarket went up most in 2013
Spain
Japan
Venezuela
France

dealsearcher

The next sell off of government shares in Lloyds could be as soon as next month:


http://invezz.com/news/equities/8199-lloyds-share-price-second-sale-of-taxpayer-stake-could-come-next-month


The current share price is now around 83p after the fall from 86.7p after the remarks from Ed Milliband. At the time it was 86.7p, last Wednesday, the price was on the way up. It could therefore have easily reached 88p or more by next month. The remarks from Ed Milliband will cost the UK tax payer a few billions unless the share price manages to recover the losses by the sell off. He is supposed to have studied Economics at university as well!


Currently the share price is hovering or even trending down.

BarleyGB

dealsearcher wrote: »

The next sell off of government shares in Lloyds could be as soon as next month:


http://invezz.com/news/equities/8199-lloyds-share-price-second-sale-of-taxpayer-stake-could-come-next-month


The current share price is now around 83p after the fall from 86.7p after the remarks from Ed Milliband. At the time it was 86.7p, last Wednesday, the price was on the way up. It could therefore have easily reached 88p or more by next month. The remarks from Ed Milliband will cost the UK tax payer a few billions unless the share price manages to recover the losses by the sell off. He is supposed to have studied Economics at university as well!


Currently the share price is hovering or even trending down.

I doubt very much whether Fridays correction can be attributed to Eds remarks, more likely that it was the end of a sustained rise and some profit taking before the weekend. Market down today on various other news.

So many variables in play you just cant attribute small moves to relative inconsequential comments.

Masomnia

BarleyGB wrote: »

I doubt very much whether Fridays correction can be attributed to Eds remarks, more likely that it was the end of a sustained rise and some profit taking before the weekend. Market down today on various other news.

So many variables in play you just cant attribute small moves to relative inconsequential comments.

Friday morning the FTSE100 was up, financials were up, LLOY and RBS down. I think it's likely Ed's comments weighed on them.

Does anyone know how much market share Lloyds Banking Group will have after the TSB flotation? I'm sure someone somewhere has worked it out!