Nice one skinny, good to see at least one guy interested!

I'm still in & holding. Can't decide whether to hold or trade the stock. Have a feeling that in a year's time I am going to be kicking myself for not holding or buying more!

how high do think they will go this year????

Orhow low do you think they will fall?

Broker note from Ian Gordon of RBS:
"We turned positive on Lloyds Banking Group with our upgrade report Calling the Bottom, 18 December 2009. The stock closed that day at 48.7p and has since rebounded by 15%. The primary reasons for our continued positive stance are that we now see further dilution risk (beyond the planned February 2010 share issuance) as low, and the impairment and margin trends as improving. Indeed, we suspect that these sentiments are now increasingly consensual. The stock is now trading at just 1.1x 2010e (trough) tangible book, which appears unreasonable However, we do disassociate ourselves from talk of any rapid return to a share price above 100p, a view which appears to ignore a glass ceiling imposed by HM Treasurys 43.4% stake. HM Treasurys average in-price of 74.35p remains relevant
To be clear, we do not anticipate any disposal of HM Treasurys 43.4% stake during 2010 because we believe that it will not be deemed politically acceptable to crystallise a loss, and we do not expect Lloyds to be trading above 74.35p near-term. Whereas RBS did (briefly) trade above HM Treasurys average in-price in August/September 2009, no early selldown took place, and HM Treasury has remained consistently underwater on its Lloyds stake ever since its first GBP13bn injection in January 2009."

When is the next Trading Statement/Reporting date for Lloyds ???, PLEASE.

Results for 2009 will be reported on 26 February Edward.

Hi Kimoldfield,

Thank you very much for your reply (post No: 1768), much appreciated, all the best for the New Year.

Edward

Will we see 60p this week??

Might do balers.

Good start to the week although not much direction on the market today with the Yanks being on hols.

LYG UP OVER 3%

70P NEXT RESISTANCE

we're mid week and hasn't made 60p yet...

Maestro,

Which way are they going now?

now then fred.....

Tories back Obama's bank limit plans


Mr Osborne said the Conservatives would follow the US lead.

Shadow chancellor George Osborne has told the BBC that if the Conservatives win the general election they will copy US plans to limit the size of banks. Under the proposals outlined by President Barack Obama, US retail banks will face curbs on their riskier activities.

This could lead to the largest US banks being broken up.

The Treasury said it would consider President Obama's comments on bank reform "very carefully".

BBC business editor Robert Peston said Mr Osborne's comments would "generate profound fear in the boardrooms of Barclays and Royal Bank of Scotland".

Shares in both banks fell sharply on Tuesday, with Royal Bank of Scotland losing 7% - the biggest decline on the UK's main FTSE 100 share index. Barclays lost 5.9%.

Under President Obama's proposals, retail banks would be banned from using their own money in risky financial transactions.

This would prevent them from investing in hedge and private equity funds, or engaging in so-called proprietary trading.

"This is a welcome move by President Obama that accords very much with our thinking," said Mr Osborne.

"I have said consistently that we should look at separating retail banking from activities like large scale propriety trading - and that this was best done internationally."

I await the Tory administration with ?

Osborne's economic insight is the flash of a "genie".

We will be safe in his hands with unemployment at 20% and interest rate at 15 %..
















Thank god genies don't exist.

I can see 60pit was the change from my baguette

Tabs, Lend us 30p.

8-)