Ohgot ya!

Dil. You are provoking me. 8-)

If I saw the present Chart of MDX, I would move on with only a momentary glance,

However, I bought some time ago and I am sold on the technology and think if they can get their act together there may still be a profit for me, but think the ride is going to be bumpy.

Also would't suggest anybody should buy it,but I guess you are keeping it on your watch list.

If, or when, it comes back on the market I will view it again.

But my father told me that big oaks from little acorns grow.

He made a lot of money from what some others considered muck.

But he also warned me that the acorn had to be in the right soil.

Have a good XMAS.

You too mate.

Official opening times for the LSE during these FESTIVITIES

Christmas Eve December 24, 2009 will close from 12:30 GMT
Christmas Day December 25, 2009 closed
Boxing Day December 28, 2009 closed

New Years Eve December 31, 2009 will close from 12:30 GMT
New Year January 1, 2010 closed

tabasco

re -ramp

Stop digging, you may even find - sheep sh!t - on " Dil " peanut "willie"

Are you saying, someone is chocking on its own vomit ( Dil ) ?

       

Cielo

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

What else can one do with all these pack of hungry animals !

Glad you too are holding into the shares, not having a good day lately, but I can say I am well in profits yet, you too if taking the R I and placing, plus the Scrip issue 1 for 20. you seem to have bought around the same time as me if I remember well.
Most likley not many left from buying around then, though I am sure there are plenty from earlier now having to suffer some pain till the economy finally recovers.

all the best for these FESTIVITIES

one for you

Nearly 500 million shares traded. maybe a record? Almost 60% buys, but down about 5%

chessplayer

re - Almost 60% buys

What shows at trades is not all Buys.

You have to take notice of the "AT" trades are place on the wrong side.

On the order book, when a trade as "AT" is taken from the offer side, means is a sale, and yet is place as a buy on the "moneyam" trades, so not easy to find out the total buys and sells, plus if one add a couple seconds delay ( usual on "moneyam" ) it change all the panorama of the accounting, but I understand what you mean.

Most times if one checks on the order book ( Level 2 ) one can see that the side that have more trades added - DEPTH - ( bid / Offer ) is the one that does not move much, the other side ( weak one ) is the one doing all the trades, in this case moving lower all the time. That was the case for LLOY during the last couple days.

all the best for these FESTIVITIES

Lloyds CEO says does not plan disposals soon - 18 Dec 2009 -

LONDON, Dec 18 (Reuters) - The disposals Lloyds has agreed to as compensation for taking state aid were a "very fair deal" but it has no plans to sell the assets off soon, the banking group's chief executive told the Financial Times .

To satisfy Europe's competition watchdog Lloyds, which was backed by the British government when it rescued battered rival HBOS at the height of the credit crunch, has said it will sell 600 of its retail branches, with disposals including Cheltenham & Gloucester branches, Intelligent Finance and the TSB brand.

It has up to five years to make the sales and does not yet plan to follow the lead of fellow part-nationalised Royal Bank of Scotland , which has already begun the process of disposing of the assets it was required to.

"There's not a lot of M&A activity going on so I'm not sure the timing would be best," Chief Executive Eric Daniels said in an interview published in Friday's paper.

Earlier this week Lloyds, Britain's largest retail bank, completed a record 13.5 billion pound ($22.08 billion) rights issue which was aimed at helping it avoid a state-backed scheme for bad debts. [ID:nLDE5BD089]

Joining that Asset Protection Scheme (APS) would have left the bank facing more stringent rules over how it managed its loan portfolios, Daniels acknowledged.

"For example if a company has borrowed too much, they can't afford to service the debt," he said.

"You don't want to necessarily foreclose on the company because you think it may have a chance of recovery but you convert some of the debt into an equity position. Now that would be a very complicated thing to do under APS."

The bank's loan impairments have peaked, he told the paper, adding that the "terrible concerns" about impairments, liquidity and capital were over.

Although the performance of HBOS this year had been "much, much worse than anybody expected," he said, he defended the takeover deal, adding "After you get through the lumps, this is going to be one hell of a deal."

"I think the HBOS transaction really does get us on a very different and much better strategic track."

All the banks shares have been moving south for the last couple days ........

Yesterday The Basel proposals for the banking sector were released and they are not going down well.

Changes to the definition of Tier 1 equity and Tier 2 level, it seems relatively hardline approach to new capital and liquidity definitions, in one way it is viewed negatively for the sector as a whole.

great news..havent got to sign on for 4 weeks

lol

DREAMS WILL KEEP THIS BANK ALIVE BUT GET YOUR CASH OUT. .GOOD BANK BAD BANK GO GREEN.

merry christmas.......hic!

* Deutsche Bank has buys for Barclays, Lloyds and RBS and holds on HSBC and Standard Chartered.

The broker expects little improvement in market risk appetite towards these stocks in the very near term given the lack of meaningful newsflow form the banks themselves until the results season begins in February. Deutsche believes the key risk to the performance of the UK banks is the potential for an increase in wholesale funding costs for the group, perhaps linked to changed perceptions around the outlook for inflation, sovereign risk or the solvency of the institutions themselves.

(SHARECAST) - The warning by the Basel Committee last week that banks will have to face lower returns in future has not dissuaded Deutsche Bank from extolling the virtues of investing in the shares of UK banks Barclays, Lloyds Banking and Royal Bank of Scotland.

The German bank has reiterated its buy recommendations for all three, believing that an improvement in the loan write-down situation is on the way in the second half of next year.

Deutsche concedes, however, that the market may continue to treat the shares with suspicion until the next results season in February. The banks also remain vulnerable to a slump in confidence which could bump up funding costs.

        COFFEE TIME FUN

Buying a good looking Christmas tree is one thing,
but bringing the tree back home is just as important.

So please dont bring it back home this way,
it might not look as good as when you bought it!

Summary of YESTERDAY'S UK stock movements:

'Banks led the way, with Barclays (BCS) up 2% and HSBC Holdings (HBC) up 0.8%. In addition to the low interest rate environment, a published report suggested that the Bank for International Settlements will phase in stricter capital requirements over a ten to twenty year horizon.'

This is the political way forward- stricter capital requirements over 10 to 20 year horizon. This will happen. Not this year or next but at least 10 years into the future

So an end to all this shortterm panic over capital requirements. Lets see the Banks rebound

Q3 GDP revised up less than expected

LONDON (Reuters) - Economic output fell 0.2 percent in the third quarter of this year, a smaller-than-expected upward revision from an earlier estimate of a 0.3 percent decline, official data showed on Tuesday.

The Office for National Statistics said the revision came as a sharp upgrade to construction output was offset by weaker services and industrial production output.

Separately, the ONS released data on the balance of payments. The current account recorded a deficit of 4.703 billion pounds from a deficit of 4.375 billion pounds in Q2.

Lloyds Agrees to Pay $3.6 Billion to Raise $2 Billion (

Dec. 22 (Bloomberg) -- Lloyds Banking Group Plc, the 43 percent U.K. government-owned bank, agreed to pay at least $3.6 billion over 15 years to raise $2 billion in Tier 1 capital.

The mortgage provider sold hybrid securities on Dec. 15 that cost 12 percent, or $240 million a year in interest, until 2024, according to data compiled by Bloomberg. Thats a higher interest rate than bicycle-rack maker TriMas Corp. paid to sell senior notes, which Moodys Investors Service rates Caa1, seven steps below investment grade.

Lloyds is paying up for the new capital after it raised about 23 billion pounds ($37 billion) in debt and equity since the beginning of November to bolster its balance sheet and avoid handing majority control to the government. The lender posted a first-half loss of 3.1 billion pounds because of writedowns on corporate and real estate loans.

Its expensive, especially for a bank thats struggling in terms of earnings, said Simon Adamson, a senior credit analyst at CreditSights Inc. in London,. Lloyds is supposedly in a better position than it was a few months ago, but this may well be the price they have to pay to borrow.

Credit Agricole SA, Frances third-largest bank by market value, is paying 8.375 percent on $1 billion of perpetual subordinated hybrid notes it sold on Oct. 5, Bloomberg data show. The notes, to which Moodys gave its fourth-highest rating of Aa3, switch to a floating rate of 698 basis points more than the London interbank offered rate if not redeemed in 2019.

Loss Protection

Tier 1 capital is used to cushion senior lenders and depositors against losses. Lloyds set aside 13.4 billion pounds for bad debts on Aug. 5, more than the 11.3 billion-pound estimate of eight analysts surveyed by Bloomberg. Provisions will drop significantly in the second half, the lender said.

Lloyds perpetual hybrid securities, which Moodys rates Ba1, or one step below investment grade, can be redeemed in 2024. If that call date isnt met, the securities will float at 11.76 percentage points more than the three-month Libor, which is currently 0.25 percent.

A large U.S. bond manager purchased the securities in a private placement, according to Joe Dickerson, an analyst at broker Execution Ltd. in London. The deal was the result of a so-called reverse inquiry, in which the buyer approaches the seller, Lloyds spokeswoman Sara Evans in London said in a statement.

We are delighted with the outcome and the capital flexibility that this sort of transaction gives us, Evans said. We were in a position to react quickly and execute a transaction with 24 hours.

Basel Committee

The Basel Committee on Banking Supervision last week published recommendations on bank capital that would rule out banks using hybrid securities as capital and asked them to stop issuance. Lloyds agreed to the sale a day earlier.

Its hardly clever to follow a 13.5 billion-pound rights issue with a $2 billion Tier 1 capital offering carrying a 12 percent coupon, Dickerson wrote in a report. The ramifications for both the capital position of the bank and the cost of capital are negative.

The coupon rate on the Lloyds notes is the market price that must be paid for deeply subordinated paper, he wrote.

TriMas, the Bloomfield Hills, Michigan-based maker of trailer hitches and bicycle racks, raised $250 million on Dec. 17 selling eight-year 9.75 percent notes that yielded 10.13 percent, Bloomberg data show. The company posted about $419 million of losses over the past three years.

Moodys defines securities rated in the Caa category as being of poor standing and subject to very high credit risk.