How to apply for LLOYDS goverment share sell off?

ps3home

II'm under 30 and looking at getting some shares for growth. I'm thinking about buying up to £1000 share in LLOYDs when the goverment do the sell off. But how do I apply for it?

steelbru

They haven't announced the details yet, so no-one knows

greenglide

So is this £1,000 you wish to invest / throw away (delete the non applicable) the only investment you have?

Having shares in a single company (especially in a high risk area like banking) is generally not a brilliant thing.

It may be that the government has a giveaway planned at a knock down price but I think the days of the nationalised industries and building society de-mutualisation being a bonanza are long gone!

AndyT678

greenglide wrote: »

It may be that the government has a giveaway planned at a knock down price but I think the days of the nationalised industries and building society de-mutualisation being a bonanza are long gone!

I made a few quid on Royal Mail and I'd expect the govt to price the Lloyds shares to move so it could be perfectly possible to buy and immediately sell for a profit. Buy and hold would be a totally different kettle of fish though...

BarleyGB

AndyT678 wrote: »

I made a few quid on Royal Mail and I'd expect the govt to price the Lloyds shares to move so it could be perfectly possible to buy and immediately sell for a profit. Buy and hold would be a totally different kettle of fish though...

You could have doubled your money if you'd bought Direct Line IPO two years ago, 25% up on TSB last year. Similarly you could be down on Infinys or Esure. Buying one share is a gamble.

As said buying one share isn't a good idea, there's no guarantee it'll rise on listing, it's risky and not a sound investment strategy and should t be looked upon anything other than a punt. A less risky alternative us buying into a fund inside as ISA.

If you like Lloyds so much you could have had them at 70-75p a share a number of times over last 12 months. Will be interested what the gov issue is priced at? 10% discount on today's 89p price is 81p a share.

Personally I like Lloyds but I hold as part of a multi share & fund portfolio