Lloyds shares offer to the public

fitzroy

Anyone have a view on the offer? 5% discount on market price and a bonus share for every ten not sold under a year. I've registered my interest and will wait for the fine details.

redpete

5% discount doesn't seem significant given that the share price has varied by 6.5% over the last month and nearly 3% over the last 5 days.

Bonus shares after a year make it more interesting.

Ken68

https://www.gov.uk/lloydsshares/location

2010

This is no Royal Mail

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avoid.

The taxpayer bails them out and now the government wants the (optional, i know) the taxpayer to buy them again.

Interesting line from the prospectus.

All proceeds from share sales are used to pay down the national debt.

Says it all.

MadMat

Any idea if there will be a way to by them from my S/S ISA ???

Sam_J12

I think it is worth considering. With the 5% discount and 10% bonus after a year, the shares could lose around 15% of their value and we still breakeven over the year on the capital - plus we have the dividend payment which is low but forecast to increase over time.

digannio

Agreed, certainly worth considering given the discount, bonus and increasing dividends that are being forecasted.

[Deleted User]

Hi,

apply for less than £1000, so no killing.

In an effort to avoid some of the problems that emerged in the Royal Mail (LSE: RMG.L - news) privatisation in 2013, where many smaller investors were left empty-handed , priority in the sale will be given to individuals applying for less than £1,000-worth of stock.

gadgetmind

2010 wrote: »

The taxpayer bails them out and now the government wants the (optional, i know) the taxpayer to buy them again.

The big losers were the previous shareholders. They got shafted as the share price crashed and then the government injected money via additional share purchases thereby diluting the previous shareholders down close to zero. Now the government sells the shares they bought, in most cases at a decent profit, so government (and indirectly shareholders) get their money back.

Those who want to own a slice of Lloyds moving forwards can do, down to them.

jimjames

MadMat wrote: »

Any idea if there will be a way to by them from my S/S ISA ???

You can buy Lloyds shares now in your ISA if you want. The price now may be lower than in 6 months too.

2010

gadgetmind wrote: »

Now the government sells the shares they bought, in most cases at a decent profit, so government (and indirectly shareholders) get their money back.

The government bought them at 73.6p and are selling them for about the same but probably lees.
So no "decent profit".

Trading today at 77.4p