TSB float?

Ozzuk

I've gone for 1k. I think this will be a less exciting but good one for the ISA long term.

Daniel54

I've done 1.5k - not exactly a major investment,but I don't have any UK retail at the moment unless you count HSBC

Thrugelmir

Gone for the max. There will be a shake out in the banking sector. At least TSB has none of the legacy issues that haunt the others.

Banking on a low amount of interest so the price will reflect this.

C_Mababejive

I'm out, not interested in buying anything that doesnt pay a divi except my penny share longshot..VOG (currently in the ascendency)

MABLE

Changed my mind. After reading Questor they pointed out five things to avoid in TSB.

PeacefulWaters

MABLE wrote: »

Changed my mind. After reading Questor they pointed out five things to avoid in TSB.

http://www.telegraph.co.uk/finance/markets/questor/10904241/Five-reasons-why-you-should-stay-well-clear-of-the-TSB-float.html

To be honest, comparing the bank / market to pre-Credit Crunch days is laughable.

All his other reasons focus on how boring the share will be. Watch a slow and steady grower. That's not necessarily a bad thing.

Scarpacci

It will be interesting to see which banks end up being safe/boring, more respected (at least compared to their banking peers) UK-focused banks. TSB is trying to position themselves there. Lloyds and RBS are in recovery mode and are trying to get there. Even Barclays now talks of downsizing its investment bank and focusing more on the UK retail banking.

I wonder if any of these banks will become, in effect, the UK's version of Wells Fargo - the biggest American bank, which is much more oriented to Main Street, rather than Wall Street. It has big focus on retail and commercial banking and less on investment banking. It survived the financial crisis well and is a big holding of Warren Buffet's.

The UK could do with a bank like that.

Thrugelmir

PeacefulWaters wrote: »

http://www.telegraph.co.uk/finance/markets/questor/10904241/Five-reasons-why-you-should-stay-well-clear-of-the-TSB-float.html

To be honest, comparing the bank / market to pre-Credit Crunch days is laughable.

All his other reasons focus on how boring the share will be. Watch a slow and steady grower. That's not necessarily a bad thing.

Listening to him I had the distinct impression that he disliked banks in general. Nor did he have any comprehension of the reasons behind the banking collapse. References to 2007 were complete tosh.

sabretoothtigger

Questor is a team but he is a new head to it, Im struggling to think of any bank they ever recommended buying post 2008 and Ive only read it since then. They off'd the last head guy around then with some iffy tips he had

Standard Chartered they probably backed a couple times but barclays at 150p I dont think they did nor Lloyds at 20p.
Thats kinda correct as banks lean on gov for liquidity for quite a while though Lloyds is fine now I think in theory, they still need low interest rates as would TSB ?

Also banks hold gov debt as security, ok its not sub prime but its all priced wrong again from low rates

If he says its not cheap enough then I'll buy Lloyds as a proxy at some point anyway

gardner1

allocated 826 sold at £2.98 for £314.48 profit