Since they are borrowing about £40b a year, raising a couple of billion means they "only" have to borrow £38b in cash terms.
Our country is still screwed until we can stop borrowing more and more money imho. how you persuade the electorate that the government needs to continue to be weaned off credit is most problematic.
I'm pretty disappointed in both LLOY and RBS share prices.
I really never thought I'd see LLOY down here again. It was 62.x yesterday or the day before and given the support from the dividend yield and share buyback I was really surprised.
I can't be bothered to look at the chart as it will pain me but we were up at 80 a couple of years ago and since then the bank has made good progress.
More surprisingly when it did hit 62.x I didn't buy any more as I went for MARS instead which is giving me 7.8% dividend and I think more upside on a two year time horizon. which is probably all you need to know about UK shares. Everything is undervalued.
I am now back to 99.5% fully invested and have no more cash until I get some more dividends. There's nothing I want to sell either.
Lots of stuff still looks crazy cheap to me but it ain't just LLOY and RBS. i've been thinking that for the last 2 years though.