The shares are performimg much better as midday have just gone now 66.50p

END-OF-DAY REPORT:

The final trading day of the month saw banking shares back in demand, with Lloyds the best of the bunch, up 3p at 68p. HSBC rallied 11.25p at 556.5p, seen as a likely gainer from an awakening Asian market, while Barclays ticked up 10.5p at 297.5p and Royal Bank of Scotland gained 0.8p at 38.2p.

Intraday chart has gone potty or is the candlestick, nothing unusual at moneyam this days, below
the Candlestick one much better on the closing price 68p but maybe not the right price after all.
edit - Closing spread 66.50 / 66.60p but the UT was at 68p, that is why the closing price was 68p.


Indicators at bottom (oversold ) and now turning

Can we start a new lloyds thread and Mrs i can play on this one by himself. Oh dear I can feel another picture arriving!!

SUNDAY TIMES

Small investors are raising funds to launch a legal campaign against the directors of Lloyds TSB over HBOS rescue

From The Sunday Times -- May 31, 2009

Investors to sue Lloyds chiefs
AN ARMY of Britains small investors is raising funds to launch a legal campaign against the directors of Lloyds TSB over their decision to rescue HBOS.

The UK Shareholders Association (UKSA) is taking legal advice over the circumstances surrounding the deal, which has already cost Lloyds more than 9 billion in bad-debt charges.

The activist group has drawn up a mailing list of 1.5m small shareholders in Lloyds that it plans to start targeting in the next few weeks.

News of the legal campaign comes ahead of what promises to be a stormy annual meeting for Lloyds Banking Group in Glasgow on Friday.

Roger Lawson of UKSA said: There were a lot of people who bought Lloyds shares thinking it was a safe, solid place to put your money. Now that you see the size of the losses at HBOS, these people are questioning why taking over HBOS was in their best interests. The Association of British Insurers has issued an amber top warning on the vote over a new remuneration package for Eric Daniels, the banks chief executive.

The warning comes despite Lloyds already revising the terms of the bonus package, cutting the maximum payout from 375% of salary to 200%.

A number of shareholders are also expected to stage a protest vote over the reelection of Sir Victor Blank as chairman, even though he has already said he will step down.

Riskmetrics, the proxy voting agency, is among those advising investors to vote against Blanks reelection.

UKSA has already advised its members to vote against Blank and the reelection of all the other Lloyds directors who were on the board at the time the deal was struck to take over HBOS - including Lord Leitch, who was recently promoted to the role of senior independent director.

The shareholder campaign over the Lloyds deal comes as UKSAs long-running legal battle with the government over the nationalisation of Northern Rock continues.

An appeal of the judicial review into the governments actions is due to be heard on June 10.

UKSA and SRM Global, a Monaco-based hedge fund, claim that the previous hearing failed to address their main concerns: that Northern Rock was not bust at the time it was brought into state ownership and that the government breached their human rights by acquiring the shares.

Its monday go to work

oh no.....sp up today.....that means no posts from hyleo

marni

Doing well considering that the spread at close was 66.50 / 66.60p

Doing well at the moment, talk is the Percentage taken by shareholdes will be high and that means strengh on the share price afterwards.

After having a spike earlier on from 70.50 to 72p has settle around the 71p that is was rising to on the incline scale of passing time

Start performer today, was on a spread of 65.50 / 66/60p at close last Friday but an UT of 68p as closing price

The rising trend of the last couple days continues

This chart shows clearly what I was trying to say at the post above

Good news on the housing front earlier this morning must be a good reason for the shares holding well today ...........

House prices unchanged in May -- Mon 01 Jun, 2009 10:09
LONDON (Reuters) - House prices in England and Wales were unchanged in May, the first time in 20 months that there has been no month-on-month decline, property data company Hometrack said on Monday.

House prices are still down 9.6 percent on a year ago, but the end of the run of monthly house price falls chimes with more bullish news from mortgage lender Nationwide, which reported house price rises for two of the past three months.

Hometrack said that a rise in sales and a shortage of supply was behind May's steady house prices, but warned that prospects for a sustained recovery in house prices were still poor.

"Quite simply it is too early to rule out future price falls and the sensible money would be on further falls in the next 12 months," said Richard Donnell, Hometrack's director of research.

"Given the weak outlook for the economy, house prices are expected to remain under downward pressure for the foreseeable future," he added.

Even though home sellers were now pricing more realistically, volumes of home sales remained well below normal as buyers found it hard to get finance, Donnell said.

Unemployment is forecast to rise steadily into next year, and banks are reluctant to lend unless buyers have much higher deposits than during the boom which caused house prices to triple between 2000 and late 2008. Prices are now about a fifth below their peak.

Hometrack's survey is based on responses from 1,776 estate agents and surveyors, who are asked to estimate achievable selling prices for various categories of property. The survey is not seasonally adjusted to reflect the greater activity in the housing market in spring and early summer.

                                        PISS TIME FUN
Where are the SHORTERS no posting today ?

they are away to find a proper job.........un fortunately we are now in a bull market and this could last at least 5 years plus.

err, unfortunately due to shorters, there aint many jobs in the country so they might be on dole for many years to come

EARLY LONDON MARKET REPORT

The Abu Dhabi government owned International Petroleum Investment
Company IPIC) announced that it is to dispose of some of the position
it took in Barclays bank last year, so it can focus on hydrocarbon
related opportunities. The news sent shares in Barclays tumbling 40p
(12.6%) to 276.25p in massive volumes, the biggest blue chip loser by far.

This hit the fragile confidence in banking issues generally, with
Lloyds slipping 2.1p at 70.4p, Royal Bank of Scotland off 0.9p at
39.3p and HSBC 14.5p lower at 537.5p.

The best thing to come out of this is it's allowed me to get back in to Barcs, more profit to come imo. :))
Plus lloyds still nearly double offer price.... :)))

Now recovering from the early lows at 67.1p, FTSE was at one time just about 100 points lower..........

EARLY LONDON MARKETS
Yesterday's move by Abu Dhabi's IPIC to take profits from the sale of 11% of its stake in Barclays
raised concerns that other investors will be looking to take profits in banking stocks after their recent revival.

As a result, Barclays dropped a further 16.75p at 256.75p, the poorest blue chip performer again,
Lloyds fell 3p at 66.5p and Royal Bank of Scotland slipped 0.7p at 37.4p.

When you talk in 2p here and 3p there falls, it doesnt sound much but realistically its down 15% - 20 % over the last few days - a massive amount to climb back. I cant personally see them (banks) recovering in the medium term to be honest. They may good value in a SIPP if your under 50 yrs old but at the minute not worth the hassle. The only people who will make money out of these are the big boys - at your expense !

nordcaperen -

re - When you talk in 2p here and 3p there falls, it doesnt sound much but realistically its down 15% - 20 % over the last few days

I am not sure how you do with shares but MATHS is not your strenth.
Last week it went UP from 64 to 72.60p in 3 days = to 13.43% (8.60p :64p= 13.43%)
An since yesterday it has retrace to 66.50p this morning, this means -6.10p in 2 days = to 8.40% ( 72.60p - 66.50p = 6.10p :66.50 =8.40%)

RESUME
UP ...... 13.43%
DOWN ... 8.40%