Lloyds help please

Olda9708

Hi. I apologise if this is posted in the wrong forum, but I haven't posted before.
Recently my grandmother passed away and my mother and family are in the process of sorting through finances, house etc. During this process they realised that she had invested quite substantially in The banking sector. At the time of the banking crisis, she had become ill and less lucid so wasn't in a position to make a decision to sell these shares, therefore losing quite a large amount of money.
I know this is a long shot, and probably a ridiculous question, but is there anything that can be done to recover any of this money?
Thanks in advance for any advice.

bowlhead99

She still has all the shares that she had decided to buy. However, the "market" doesn't think they are worth any more than 80p a share based on their current prospects. That is bad news for someone who paid £2 or £4 or £6 for them.

You are right that someone would have paid a lot more than 80p for them many years ago. Even if she had been more lucid there is no guarantee she would have known it was going to have been better, with hindsight, to sell than hold on.

At one point a few years back, people wouldn't have paid much more than 20p for them at some stage, so it was a good job she didn't realise she had all these shares at that point and sell up - by continuing holding, she's quadrupled her money since then.

All these share prices are just what someone is willing to pay for them at that point in time. You say you realise it is a long shot, recovering losses. You are right. What you would have to do, is go and find someone who was trading Lloyds shares in 2007, and say to them:

"hey, I understand you were once willing to pay over £5 for a Lloyds share. My granny would have liked to sell at that price, if she'd had all her marbles, and realised they were about to crash. Would you like to now buy them off us, for the same £5 that you would have offered when Lloyds were much larger and more profitable? Aww go on, please!".

You'll find it an uphill struggle, unless you are a genius salesman

The lesson to be learned is don't take lots of parcels of ownership of a bank, and then stop watching what's happening without appointing someone else to take over watching. Maybe pertinent for other readers, considering the recent news that the government is likely to offer some more of its Lloyds shares to the public.

Condolences for your loss, but I expect you knew what the answer was going to be.