For once I agree with you. I've no idea where it is going so why throw my money away.

Snap..Ive always wanted to say that to a Dealer

some are shorting

17/12/09 15:38 UKREG Disclosure of Short Position-Lloyds Banking Gp PLC
17/12/09 15:37 UKREG Disclosure of Short Position-Lloyds Bank Gp PLC
17/12/09 15:32 UKREG Disclosure of Short Position-Lloyds Banking Gp PLC

Reason for the BANKS moving lower

market is well down
and Fed statement, banks need more margin cushion from 2012,

Masteris it not conceivablethe stock is a dodge pot?

Final results for 2009 due by end of February so buy on the dip and wait for next management statement.

The FTSE is well down 83 points the same as the DOW, when normally is just about half the amount, there or if DOW finishes the same amount then the FTSE should have a good bounce tomorrow.

Only hoping ofcourse

       

From the London Evening Standard 17/12

Financiers are working on creating a major new force in UK banking, combining branches of Royal Bank of Scotland and Lloyds and Clydesdale and Yorkshire Banks it emerged today.

Such a move would get strong backing from the Government, which is keen to see the part-nationalised banks sell off assets and wants new lenders on the High Street to support

         JOKE OF THE DAY

Fred1 looking for pastures new


             Fred1         new         caravan

RSI. I can understand your justifications for what is turning out to be a false calls by you. But why now and not earlier.

If you are a pretending to be guru or a genie, your projections will have to be long in term. Otherwise they catchup with you.

I haven't a clue how to evaluate banks and don't pretend to do so.

But your remarks to anybody who disagrees with you seem to be an attempt of being unpleasant or offensive.

I think you must be a member of a pack.

Banter can be fun, in your case it seems lacking in humour..

Try harder.

Tab, I already have an American RC., One of the few good things which have come out of the USA.

Bit costly on fuel.

For STUPID - fred1new.

just in case you do not know, you came here from the blue and making comments like ....

I didn't know it was RSI at his influential best!

RSI, Are the above self portraits ?

Now pay the consecuences of my PISS taking on your persona, you have not apported anything to the thread apart from trying to bring me down or LLOY and giving no reasons.

You have started I will Finish it

Maybe you would explain to others at least, what are you doing in this thread.

For STUPID - fred1new.

re - But your remarks to anybody who disagrees with you seem to be an attempt of being unpleasant or offensive.

disagree?

you started about Master RSI not LLOY, so you are talking rubish, at no point we have talk valuations with you, so maybe you are another STALKER, looking for NEW PASTURES as the American say, for the new caravan.

RSI. Nobody could bring you down any lower other than yourself.

I held LLOY but sold sometime ago.

I feel in view of your certainty about yourself it is reasonable to question it and I believe the remarks I made were in response to your input.

Look back to when I suggested a different support level to you.

I think the remarks you made were an attempt to be offensive, but I thought just huffing a puffing which I expect of pack animals.

Have a nice evening.

tabasco

banter you have done plenty in this thread, but no chance of selling you caravan to penyless ------ Fred1new

For STUPID - fred1new.

we are getting to the end >>>>>>>>> IS a SOUR GRAPES ( sold for a BIG loss )

re - I held LLOY but sold sometime ago.

Do not bother to comeback ( you said ... Have a nice evening), there is plenty of threads, if you want to TALK to YOURSELF.

If you have tea, make sure you do not use SOUR GRAPES

Sold at a profit! 8-)

One of my few successes recently.

TOO few.

Masterwhen I need any adviceI get in the car and drive to my neighbours houseas I doubt you will ever need any adviceyou can just stare at your neighbour over the fenceI quite like your Palestinian humourbut your advice I would not seek.

New broker note out today....

Lloyds Banking Group Financial Add 67.2 53.28 26.1% AlphaValue

broker sees 26.1% upside to 67.2p

I hold LLOY and I am bullish for the long term mainly when Interest rates move higher


>> Fred1new
I have no interest in your insights but I am very curious as to why you are on here?

>>tabasco
You could not live without banter mate, good luck with the caravan

>>Master RSI
keep up the good work and the cartoons coming

>> goldfinger
thanks for the info

>> comment from the Telegraph a few days ago
stimulus from Western governments is good for Lloyds says Philip Gibbs


Philip Gibbs: why I'm going in with Lloyds on its rights issue
Lloyds shareholders must decide soon whether to subscribe to the bank's rights issue. Top UK fund manager Philip Gibbs gives his view.

By Philip Gibbs, Jupiter Asset Management
Published: 12:31PM GMT 03 Dec 2009

Much has been made of the news that the Bank of England secretly bailed out HBOS and RBS at the height of last year's financial crisis with a loan of 61.6bn. It is understandably an emotive subject for many shareholders who question whether the Bank acted beyond its powers in keeping the funding secret at a time when Lloyds shareholders were being asked to vote in favour of the takeover of HBOS.

This revelation has broken at an unfortunate time for Lloyds, which is trying to garner support for its forthcoming rights issue. However, whatever the rights and wrongs of the actions of the Bank and the Chancellor, Lloyds shareholders must not let the debate cloud their judgement over the forthcoming rights issue. One must remain impartial and consider the capital raising purely from an investment perspective.

Goldman considers share saleIn my view, the investment case for the Lloyds rights issue or any other rights issue in the financial sector for that matter is pretty straightforward right now. I do not view my decision to participate as necessarily supporting companies but as an assessment of whether I would generally be happy to increase my holdings in financials right now in the light of what we think of the prospects for growth and for valuations. And after considering these factors, I am willing to participate.

Why? Well, it is pretty clear to me that despite the huge run up in the financials sector since the market lows of March, the banks look cheap. The constant requirement for capital has been holding them back but given the general recovery in asset prices in Britain, it may be that the banks' provisions for debt defaults will not be as bad as some fear.

I am more bullish on financials than most other areas of the stock market and my holdings in the sector are significant, even in funds I manage that do not have a requirement to invest in them.

If one wishes to invest in financials I think it is preferable to have global exposure to catch more growth in emerging markets and to spread risk.

It is easy to forget that the financials sector is very broad, with sub-sectors that can perform at different points in the economic cycle. For example, the insurance underwriting sector tends to be attractive in a bear market. On the other hand, I view the investment banks and asset managers as early cycle while property is a later-cycle game. Within the banks there are differences between retail and corporate banks investment banks are more leveraged towards growth than retail banks.

But there are no hard and fast rules for investing in financials as individual companies can go against the grain and geography is very important. In particular, right now, there are major differences in growth rates between China and India and the US and Britain.

However, this does not mean that one should simply buy financials in emerging markets as, while growth there is likely to be higher, their share prices are higher too. There may be some companies that are situated in Western markets that are benefiting from emerging market growth, but it's not so much in the price. Investment banks are, therefore, currently well represented in my portfolios due to their ability to grow high-margin revenue streams and benefit from emerging market growth.

Make no mistake I am not particularly bullish about the Western economic environment long term, I just believe current valuations are extremely low. Furthermore, financials are benefiting from the extraordinary stimulus from Western governments, who are buying up bonds and implementing other measures to prevent a deflationary spiral taking hold. This stimulus is what is pushing up asset prices and while this money is flooding the system, I would expect financials to benefit.

So in my view, the momentum we have seen in markets will continue for the time being (albeit with some setbacks along the way) until there are some interest rate increases, or until governments do something that upsets the applecart. That is likely to occur when taxes are raised, or public spending is cut, coupled with the end of quantitative easing.

Unfortunately, at some stage interest rates will have to be increased, if the world recovers, and some governments will have to address their budget deficits. So there are some negative factors looming in the distance. But the question is: are they on the immediate horizon? I'm not sure that they are. I would imagine the flow into assets and out of cash will probably continue and financials should be a major asset class to benefit.


Philip Gibbs runs the 1.4bn Jupiter Financial Opportunities Fund, which has turned a 1,000 investment into 8,631 since its launch in June 1997. On December 14, Mr Gibbs will launch the Jupiter Absolute Return Fund.