Lloyds shares offer to the public

PeteinSQ

I bought at 70p back in December so will be sitting on them for a while later. Personally I think over the next couple of years they should do ok, especially when dividends are taken into account.

Thrugelmir

veryintrigued wrote: »

If the climb continues watch this space for the scheduling of the public sale and a further sale from Her Majestys.

Watch the UK economy. As Lloyds is a close a barometer as you'll get.

Spurs_2015

Has the last few days changed anyone's views on buying Lloyds shares?

veryintrigued

Spurs_2015 wrote: »

Has the last few days changed anyone's views on buying Lloyds shares?

The last few months have!

Be a stick from me on my current holding as it stands.

Spurs_2015

I'm still unsure whether to take a punt on them or not

MisterMotivated

Just sold after only buying 2 weeks ago, with ~18% gain. Perhaps it might be a bit premature but I was undecided about holding when the Gov't sell-off happened so am happy to take my money and run for now.

bowlhead99

Only hindsight will tell if that was the best thing to do. Depends whether the next thing you put your proceeds into loses 15% in a similar timescale and puts you back to the start Still, a paper gain is only an actual gain when you get round to taking it.

My SIPP account is with Youinvest and their 'regular investing' cheap trades go through on or around the 10th of the month. Lloyds was bought at 58.2p this month (plus 0.5% stamp and £1.50 deal fee) so at Friday's close of 72p odd, it's showing over 23% gain in that couple of weeks since.

It's somewhat wishful thinking to expect the same return over the next couple of weeks or even the next couple of years, but to me that doesn't necessarily scream 'take the money and run' - it just means when next month's purchases come around, don't necessarily buy so many, or any, given there are lots of things out there competing for my ££s. It depends if you're an investor or a trader.

Presumably 'the market' thinks 72p is a fair price, just as it did a couple of weeks ago when the price was sub 60p, although at that time the market didn't have the most recent Lloyds results to go off, and was more depressed generally (my Deutsche Bank shares bought the same week are also up somewhere in the 15-20% range)

Still, if we believe ex-gov Mervyn King in his new book, another financial crisis is 'certain' and may come sooner rather than later: http://www.bbc.co.uk/news/business-35681478

So maybe we should be dumping banks instead of snapping them up. But then we would have to stop while we figure out what other sectors are worth having instead, if any, and we'd never get around to making any money.

molerat

The plug has been pulled on the sale
http://www.bbc.co.uk/news/business-37587876

Update on Lloyds Banking Group Share Offer

Thank you for signing up to receive updates about a Lloyds Banking Group share offer.

As the Chancellor announced today, we are withdrawing plans for a Lloyds retail offer. The government wants to get the best possible return for the taxpayer. Due to conditions in financial markets and current share prices, a retail offer at this point in time would not achieve this aim.

More details are available in this press notice

Simker

molerat wrote: »

The plug has been pulled on the sale
http://www.bbc.co.uk/news/business-37587876

Just had an email about this too.

Nick_C

Lloyds shares have always been on offer to the public. You can currently buy them for 53p

I've bought and sold many Lloyds shares in recent years. I bought most of them at around 25p.

So if you were planning to them from HMG for 70p, be glad you didn't.