maggiebt4, You can sell your 'o' shares at market price but still be entitled to take up your rights at 37p....got to be a catch in it somewhere...LOL

re - required field - 27 Nov 2009 12:05 - 1431 of 1435
What nationality are you Master RSI ?.

You are asking at the wrong person, "tabasco " knows it all and mostly how to empty bottles with alcohol content

Tabatha - slow maybe, in reverse never! ;-))))

Not just any old alcohol contentand what about your weekend sessions?

maggiebt4 -

re - does that mean I can sell my ordinary share for 57p and buy offer shares for 20.25p and they will all be the same value eventually - that seems too good to be true!

57p is the price now of the ordinary shares
20.25p is the price of the nil pail
37p is the price of the right issue

if you buy the nil paid 20.25p then at the end you will have to pay the right issue price 37p , and that makes the 57p ( price at the moment )

as you said no rabits out of the hat I am afraid

tabasco

Does the wife know what you up to after a few?

Is that you real name -Edmun - tabasco?

Masteryou are a legend in The Goat TavernKensington high street

never heard of the place

She is having the time of her live, you do not seem much interested or it was you were ready to pass out.
Ye, that is why she is holding you so tight

Thank v much Opto understand now. Ah well back to the drawing board!

Notice the way I am trying to get the skirt offIm thinking what a good orning it will make for my 2 birth caravanthe boob tube could insulate the tankand the hat will go nicely over the toilet lidIll keep the knickers in case the hunt comes my way?

this week's "Financial Friday"

Copenhagen, Denmark the 27th of November 2009

News of potential default in Dubai has sent the media and markets
into a frenzy. But investors should stay calm, says Jyske Markets.
Dubai`s shocking call for a six month standstill on the debts of
Nakeel, the country's real estate development company, have raised
broad speculation about the potential for default from what has been
one of the world's richest and most active developers over the last
two decades. Global Strategist Ib Fredslund Madsen joins us to talk
about what is going on and how investors should interpret the news
from Dubai.

The Dynamic Duo takes on a slightly different flavor this week, where
we look at two corporate bonds from TDC and how they will be affected
by that company`s changing ownership structure and potential IPO.

Just in case any one is interested on the news from IC

INVESTORS CHRONICLE

Share Tips of the week:
Sell Xstrata at 11.27
Sell CRH a 1.732

Buy Hardy Underwriting at 285p
Buy Fuller, Smith Turner at 513p
Buy Chine Communications at 226p
Buy Sea Energy at 43p

Updates:

Buy Hansard Global
Buy Chesnara

Sell Anite
Sell General Financial

GTL Resources fairly priced

Company Results:

Sell QinetiQ -- Paypoint -- SABMiller

Buy Compass Group -- Severn Trent -- Pennon Group -- Renewable Energy -- National Grid --
Halfords -- London & Stamford -- Oxford Instruments -- SWP -- Dart Group

Rights issue my arse ! Its looks more like yet another scam by the banks to me - Scandalous !!! Hope they go bust - I'd be out like a shot !! Total con, hope the Arabs in Dubai dont pay their debt back and totally fuck Lloyds and the rest up.

nordcaperen,
It is easier if you do not short stocks. It is imoral too!

Rubbish, ahoj. It's all part of an ordered market.

nordcaperen,
"Hope they go bust - I'd be out like a shot !!" ........... You wouldn't have a hope of getting out if they went bust!
Which BB do you eminate from with your bad language.

I see mr tosser still has difficulty in understanding facts.

FACT ... LLOY traded today at less than 52.5p on Plus market and there is a trade of 52.5p on the LSE.

Did anybody knows the skill of "Dil" ............

FACT ............. SHEEP SHAGGER on the native WALES

FACT ............. STALKER on the "money am" threads

FACT ............. LIAR and now trying to meddle in any stock with wrong FACTS about LLOYS opening price last Friday

no 52p not even a second change with 52.50p but 54.50p (AT) ( low of the day price) bid or offer price, but the discution was about opening price and it was 56.50p.
Intraday price

THE SUNDAY MAIL

Midas: Lloyds cash call is a gamble on the economy

Last week, Lloyds Banking Group asked its shareholders, including 2.8 million small investors, to put their hands in their pockets and give it a total of 13.5 billion as part of a massive capital raising exercise.
After the State bailouts it is difficult to believe that the board, led by chief executive Eric Daniels, has the nerve.

But this time, it says, is different. This cash raising will sort the company out for good and set it on a path to future profitability.

It would be easy to dismiss the board's claims out of hand were it not for the possibility that this time it might be right.
As a High Street bank with a huge exposure to the UK mortgage market, Lloyds is an investment in our economic recovery. A second wave of recession and Lloyds will plunge. A sharp bounce and it will surge.

Sadly, there is little agreement among economists about whether we are on the road to sustained recovery or witnessing a shallow bounce caused by the Government's and the Bank of England's massive economic stimulus package. Unemployment is still rising and everyone apart from estate agents is warning that house prices will start to drop again in 2010.

We are unlikely to see a repeat of the sudden financial storm that broke in 2008, but an acute crisis is not the only thing to worry about. A prolonged period of stagnation, with stubbornly high unemployment and low or zero growth could, by slow erosion, have the same effect as a financial tsunami.

There are also the risks involved in merging HBOS, which Lloyds bought at the start of this year. Experience shows that mergers are just as likely to destroy wealth as to create it. And finally, State aid constraints mean there will be no dividend until at least 2011.

But what about the possible rewards? Most directly, Lloyds expects to save 1.5 billion a year by next year through combining with HBOS and is already well on target to hit that figure. Daniels has staked his reputation on the success of this merger, which is an added incentive to make it work.
Without doubt, the combination of Lloyds and HBOS has created a banking behemoth. The European Commission forced some disposals and constraints on operations, but the business it has been left with is still a powerhouse in current accounts, mortgages, savings and personal loans. It will have 35 million retail customers and own the Lloyds, Halifax, Clerical Medical and Scottish Widows brands. In the event of a decent economic recovery, it will fly.

Broker Morgan Stanley predicts pre-tax profits for Lloyds of about
7.7 billion in 2012. Earnings per share would be 8p. Even at a very modest valuation of just nine times earnings, Lloyds shares would be worth more than 70p, or roughly twice what investors are being asked to pay in the rights issue.

Midas verdict: The option to buy shares at a discount to the market price is extremely tempting. If the economy turns upwards and Lloyds can pull off a successful merger of operations with those of HBOS, then 37p looks like an extremely good deal. But the economic outlook remains uncertain and banks have not proved themselves the most reliable guides to their own financial stability.
Fortunately a rights issue gives investors a way to increase their investment and so benefit from the recovery without dipping into their own pockets. Sell some of your rights entitlement and use the proceeds to buy the rest. Or in Cityspeak, swallow your tail.


The three options available to investors
Lloyds Banking Group's cash call aims to raise 13.5 billion by issuing about 36 billion new shares. Shareholders may buy 1.34 of these new shares at 37p each for every share they already hold.
Issuing this many shares and raising this much cash has a dramatic effect on the bank's share price and it is important for shareholders to grasp what the changes in market price mean and what their options are.
Following last week's shareholder vote in favour of the plan, the Lloyds share price went ex-rights.

This means that the market price has been adjusted to take account of the new shares being issued and the lower price at which they are being offered.
The result is that Lloyds shares were repriced on Friday and closed at 58.6p.
The average investor holds 740 shares. With the rights issue offering 1.34 shares at 37p for each existing share, that works out as the right to buy 992 new shares at a total cost of 367.
That is the first option and anyone wanting to take up the offer must reply to Lloyds by December 11.
Yet any investor who does not want to take up the offer can still benefit - by doing nothing.

The rights to the new shares have a value called the nil-paid price. This amounts to the market price of the shares minus the cost of buying them. Based on Friday's closing price of 58.6p, those nil paid rights are worth 21.6p each.
If you do nothing, the shares available to you will be sold to someone else, but you will be paid for the value of those rights.

For the average small investor with an entitlement to 992 shares, that would amount to about 214 at Friday's close.
But there is a third option. Investors can choose to sell some of their entitlement and use the cash raised to take up the rest of the offer, meaning you get to buy some of the new shares without having to spend anything.

The exact proportions cannot be determined until the offer closes and the final market value of the rights is known. But again using today's market price we can sketch
Based on Friday's closing price, selling 626 of the average rights allowance of 992 shares would cover the cost of buying the other 366, which at 58.6p each would also be worth about 214.
This same process can be used however big or small your shareholding and the final amounts will depend on the market performance of Lloyds shares between now and the offer deadline.
This third option is known as a 'cashless take-up', or in the inimitable jargon of the City, 'tail-swallowing'.
Shareholders should consult their stockbroker in plenty of time for the December 11 deadline.

What planet (or drugs) are you on Mr Tosser ?