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??

from wot i understand thursday /to markets on friday

Companies on the order-driven securities are mosly on Auction with Bid price the same as offer or higher..........


Message from the London Stock Exchange:

Due to ongoing technical difficulties, the Exchange has placed all order-driven securities in to an auction call period. The length of this period has not yet been decided and will be scheduled following resolution to the issue.

The market will be given sufficient notice of the scheduled uncrossing time.

All quote driven securities should be considered indicative at this time.

This is also effecting indices such as the FTSE100, 350 etc. .

little exposure to Doubai.
btw, they want more time/delay

The Company today held a General Meeting to vote on the resolutions set out in
the Notice of General Meeting contained in the Circular. All resolutions were
passed on a poll by a significant majority.

The results of the poll on each Resolution are set out below:

| Resolution | For (%) | Against (%) | Votes | Withheld* |

To approve the Share | 18,701,841,141 | 46,263,123 | 49,945,588 |
---------------------- (99.75%) shares -- (0.25%)

If you are still holding the shares by then, 2012 is Dividend time for LLOY shareholders


>>>>>Lloyds Chairman: Hopes To Start Paying Dividends In 2012

LONDON -(Dow Jones)- Lloyds Banking Group PLC (LYG) hopes to start paying dividends as soon as a European Union ban on the payments is lifted in 2012, Chairman Win Bischoff said Thursday.

He told Dow Jones Newswires the bank will look to make the payments as soon as it can. The EU called a halt to any dividends for two years as a condition of approving Lloyds' GBP17 billion government bail-out.

Bischoff's comments were made after shareholders earlier Thursday approved a GBP22.5 billion recapitalization that will allow the bank to avoid taking further state support.

What about tomorrow's opening price as the shares a moving into X-RIGHTS

Is looking that it should be about 59.05p and 59.15p

is a 1.34 shares for every 1 held at 37p

closing price 88.61p midle price and 88.83p UT

Jeremy Warner, assistant editor of The Daily Telegraph, is one of Britain's leading business and economics commentators.

Why Lloyds gave up opportunity to withdraw from disastrous HBOS deal

By Jeremy Warner Economics -- Last updated: November 26th, 2009

The revelation that HBOS availed itself of covert Bank of England lender of last resort liquidity at the height of the banking crisis has raised the question afresh of why on earth Lloyds Banking Group didnt withdraw from an agreed deal to merge with the troubled mortgage bank. Here was a god given opportunity for Lloyds to exercise material adverse change (MAC) clauses and wriggle off the hook, but the board failed to take it.

Well heres why. As it happens, this was not the only opportunity Lloyds had to exercise the MAC clause. It could also have done so when the Government announced plans to recapitalise the banks in mid-October. But Lloyds was stitched up like a kipper by the authorities, who insisted that if Lloyds withdrew, it would still have to take some 7bn of Government money. By then there was no way out. As for use of the lender of last resort liquidity, this in the view of the board was no big deal. There was no solvency issue involved. This was just a question of funding, which panic stricken markets had temporarily withdrawn. It might have counted as a MAC event, but no more so than the later recapitalisations. The advantages of pushing ahead, a once in a generation opportunity to put the number four and five players in the UK banking market together without fear of the competition authorities interfering, were judged to be greater than the risks.

But there was also a wider reason Lloyds could not withdraw. Such was the febrile state of the money markets at the time, that had it done so there would have been an almost total collapse of confidence in the UK banking system as a whole. The next day both HBOS and Royal Bank of Scotland would almost certainly have had to be nationalised, and who knows, the whole payments system might have frozen up. Youd have had difficulty getting money out of the cash point. Lloyds would have been as severely damaged by it as everyone else.

So there you have it. Many Lloyds TSB sharholders are still hopping mad about what happened. Why werent they told about the fact that HBOS had been forced to go cap in hand to the Bank of England at the time? They might not have voted the deal through had they known. Well, possibly. But by then Lloyds was committed. There was no turning back

By the way, congratulations to the spin doctor who managed to persuade the Financial Times to devote an entire page of this mornings edition to the Comeback king, Eric Daniels, who according to the FT has steered Lloyds Banking Group to a remarkable turnround (sic). He must have earned his fee several times over the PR man, that is, not Mr Daniels with this breathlessly written, 2,000 word piece of puffery.

Anyone would think that Mr Daniels had absolutely nothing to do with the HBOS takeover but is instead only the man hired to clear up the mess. Here was the face of New Lloyds, come to takeover from where Sir Victor Blank, as Old Lloyds, had left off. Blank bad, Daniels good. The article charts the derring-do of Mr Daniels as he wriggles and squirms his way out of the Government Asset Protection Scheme and embarks instead on a record City fund raising.

Theres scarcely a mention of the fact that it was Mr Daniels who got Lloyds into its pickle in the first place.
Its going to take years to recover the value that was squandered when Lloyds acquired HBOSs toxic mix of assets. Somehow, the story has got absorbed into the ether that this was all Victors deal. It was not. Mr Daniels had been itching to merge with HBOS from way before Sir Victor was even made chairman, and had talked to HBOS about it too.

But, hey, good luck to him. Hes obviously applied himself vigorously since the deal was sealed to salvaging something from the wreckage. Yet the real credit for freeing Lloyds from the prison of the GAPS goes not to him, but to the City, which is putting up an astonishing 25.4bn of new capital to enable the great escape. Quite a bit of credit should also perhaps go to Win Bischoff, the new chairman, who has provided the gravitas, authority and confidence to allow the fund raising. Or perhaps not. Not many people know this, but Sir Win can be blamed for the HBOS deal too, even though he was not involved in any way. It was Sir Win, then chairman of Citigroup, who hosted the fateful drinks party where Sir Victor sealed the deal by gaining an assurance from the Prime Minister that the Government would suspend competition laws to allow it to go through. An awful lot of people had a hand in this particular road crash.

Late on Thursday reports emerged that Dubai World sought to delay debt repayments, with its property unit Nakheel seeking a standstill agreement on a $US3.5 billion ($3.8 billion) bond due for repayment on December 14.

All the evidence shows that Dubai has more than $US3.5 billion. why do they want to delay? Playing with us!

Opened around 52p

Epic for the nil paid, anyone please?