You wish Kernow! Share sub division doesn't become effective until close of trading on the 26th Nov, so that is the date you want to watch.

kernow

re -So have I got this right? I'm already entitled to my 1.34 per share as the record date is past

Announcement of Issue Price and entitlements of Qualifying Shareholders 7.00 a.m. on 24 November 2009

The Qualifying date at 7.00 am ( this morning is the important date) . The record date is for the registrars paper work.

kernow

re -So have I got this right? I'm already entitled to my 1.34 per share as the record date is past

you will not be able to get the intitelment till it goes Ex - date , and that is the day after the AGM


Once Dealings in New Shares, nil paid, commence on 8.00 a.m. on 27 November 2009 ........... then you can sell, if you need to raise money to buy the R I @ 37p

OK guys - thank you.

any thoughts on lloyds share price after the x rights? with this amount of shares it could drop to 40pence ish ?

Yeah .... and it may not.

Broker comment (WestLB) this morning:
"We change our rating on Lloyds Banking Group (LBG) from Neutral to Add,
and set our target price at 105p (cum-rights). We have revised our estimates
following the announcement of the new restructuring plan, the rights issue
and the Q3 interim management statement (IMS) on 3 November. We have
now also taken into account the rights price of 37p announced this morning.
LBGs share price has underperformed the sector by c.20% since the end of
August. We believe that a significant layer of uncertainty has been removed
now that the rights price and the nature of the EC restructuring plan are
known. Nevertheless we acknowledge that certain risks remain, especially for
banks undergoing an EC restructuring plan, and in which the government
owns a significant stake. We therefore set our target price at a 10% discount
to the intrinsic value (IV). As the 105p target price is more than 10% above the
current share price, we change our rating from Neutral to Add."

ex rights sp will be around 62p at current 94p

i have lloyds shares will i be able to sell the right to the new shares , without actually buying them ?

If you don't take up your Rights, they (your allocation) will be sold on the open market on your behalf & you will receive any profit made (less charges).

it seems if the ex rights price is about 62p i dont have alot to gain in buying the rights. i may as well sell tomorrow at 94p and take my 75%+ gain for the last 6 months i have had the shares.

Imo, depends how long you are planning to be invested in LLOY.
If you are trading the stock, maybe best to take profit. If you are happy to buy more shares at 37p but see a dilution to your original holding & hold for better times, then that's another option.
62p is just a notional figure. What happens if the sp surges ahead? No easy answer to your question.

re - What happens if the sp surges ahead? No easy answer to your question.

From the FT.com .........
MARKET REPORT

Banks led the way lower, with Royal Bank of Scotland down 4 per cent to 36p and HSBC sliding 1.9 per cent to 737p.

But Lloyds Banking Group took on 2.6 per cent to 93p after pricing its 13.5bn rights issueat 37p, towards the top end of its indicative range.

Analysts saw potential further gains once Lloyds trades ex-rights on Friday, as index reweightings force tracker funds to buy.

Ummmm why if the tracker funds take up the rights issue would they need to buy more ???

Blimey dil your back...you been away with tabby??

Never been away Baler and besides tabby aint got enough room in his caravan to take me too :-)

I am selling my 2 birth caravan. it comes with orning and is in very good clean condition. all the facilities are working and they include gas oven large enough to get ones head in?

Today's broker update

Lloyds Banking upgraded to add from neutral at WestLB.



As usual moneyam chart and prices not up to date and time showing 94.11p and down when is 94.16p +0.35p
Blimey ! useless place

Market report Midday .........

It came as a surprise to many when the Supreme Court ruled against the Office of Fair Trading in the long running dispute over the fairness of bank's overdraft charges.

Lloyds continued to bask in the glory of its record rights issue, up a further 0.36p at 94.17p, while HSBC added 3.1p at 740.1p and Barclays gained 3.85p at 317.85p, however, Royal Bank of Scotland slipped 0.31p at 36p.

Don't wish to seem dull but when do we get the corporate action notice to buy in??