llyods tsb shares

Ifts

dealsearcher wrote: »

Standard Chartered now up 6%. That's one hell of a bounce!

There has been talk it may be a takeover target for a long time, the rumours have resurfaced recently -

When Standard Chartered and HSBC engaged in a 500m pound bidding war for Royal Bank of Scotland more than 30 years ago, it did not end well. The UK competition authority blocked both bids, citing their damaging impact on “career prospects, initiative and business enterprise in Scotland”. Now this UK-based commercial lender specialising in Asia, Africa and the Middle East is back at the top of the list for many investment bankers and analysts as the most likely target of a big banking takeover. - Financial Times

sabretoothtigger

Would be a shame, long term Stan should be 20 to 30 and a takeover might be selling them off cheap on potential.
Im not sure which bank is this rich, they arent small and I dont see them wanting to merge like XTA


I sold Lloyds on Weds, not sure who said what or why anyone would care but Lloyds was due a sell, I put the order in a week beforehand so it was just the lay of the land

Generally I still hope for triple figures or another buy at 60 or lower should go well also
When are we ever going to get a div, a penny for our suffering shareholder souls

dealsearcher

I never quite understand the logic of a share price falling on good results. Even if the results have already been priced in as predicted I can't quite see how the share price should react so dramatically as it has done this morning, when the predicted good results result.


I have a theory: Maybe the big investors see the price bumped up by the predicted results and when the actual results come out as predicted they reckon the price has already been bumped to a maximum on the prediction and sell. Why else would the share price fall so dramatically on good results?

dealsearcher

So is this news? Or just reiterating what has already been said?


http://www.bbc.co.uk/news/business-26738687


http://www.bbc.co.uk/news/uk-26013427


The share price has dipped considerably recently but appears to be recovering this week. Hopefully it will recover further for the government (tax payer) to get the best return.

Drp8713

Prices dipped to almost what the institutions paid last time, then quickly recovered. The discount is a bit bigger this time

dealsearcher

The share price dipped a lot, nearly 5%. It has not recovered, closing Wednesday at 75p. Have investors lost faith in this bank? Even Robert Peston tweeted that the government made just 0.5p per share and queried whether Lloyds' progress had stalled.


Reuters referred to it as a 'plunge' in share price:


http://uk.reuters.com/article/2014/03/26/markets-britain-stocks-idUKL5N0MN3YM20140326

sabretoothtigger

Great its unpopular. I hope it can get to 60 as 74 is a bit of support but it is looking weak now so I wont buy here
Less gov in their holders is not a negative really but they should be unpopular while not paying a dividend

Masomnia

I can't see 60s, but how it's going to rise much further from here I'm not sure until all the government stake is sold and divs resumed (maybe even buy backs).

That was a big discount, and I think that'll weigh on the price more than last time.

Still like you say, less government influence has got to be a good thing.

Thrugelmir

dealsearcher wrote: »

The share price dipped a lot, nearly 5%. It has not recovered, closing Wednesday at 75p. Have investors lost faith in this bank? Even Robert Peston tweeted that the government made just 0.5p per share and queried whether Lloyds' progress had stalled.


Reuters referred to it as a 'plunge' in share price:


http://uk.reuters.com/article/2014/03/26/markets-britain-stocks-idUKL5N0MN3YM20140326

Hardly surprising if you place that amount of stock in a single transaction into the market. Will take time to be digested.

dealsearcher

Yes, but it seems to have really upset the share price. It's all sell sell sell at present. Currently well below even the discount price the government got. This market has been well and truly spooked.