If memory serves the Government bail out price was around 72p? Progress beyong this will be in the face of heavy selling.

expect it to plummet again ! be back below 60p within Three Weeks

goverment will not dump their shares in the market they will place them with long term investors and make sure the sp is not adversely effected.

agreed halifax, in fact the idea of a taxpayer profit is welcome - but unless/until the rump goes I can't see much progress northwards. Still holding as a core investment in my SIPP and I'm prepared to be patient.

RBS govt stake is already in profit, so can't see them doing anything different with Lloyds.

sp up again - 68p+. nordcapern - on what basis do you predict sub 60p in 3 weeks? IMO positive Trading Statement next Tuesday followed by Election Result should remove investor near-term uncertainty.

Toying with 70p.

how long until it breaks the 1 barrier

I'm quite happy!
Long in place and stops well in profit.
Now why didn't I take a bigger position?!

Interim Management Statement

Key highlights

In the first quarter of 2010 the Group returned to profitability on a combined businesses basis due mainly to a significant slowing of impairments in the wholesale business.



The Group is delivering good income growth, on a combined businesses basis, excluding last year's impact from liability management transactions.

Banking net interest margins are running in line with recent guidance of circa 2 per cent for the full year.

Costs continue to be well controlled and remain lower than the equivalent period in 2009. Integration savings are being delivered in line with recent guidance and the Group remains on track to achieve a 2 billion run-rate of synergies and other operating efficiencies by the end of 2011.

The run rate of impairments has slowed significantly and has continued to perform better than our 2009 preliminary results guidance in both retail and corporate businesses.

Customer deposit gathering has remained robust, with good growth in balances, while lending balances are flat. Asset reductions within the Group's portfolios identified for run-off continue albeit, as expected, at a slower pace than last year.

The Group continues to de-risk its funding position, with strong term issuance in the early part of the year while continuing to maintain high levels of liquid assets.

Following this very positive Trading Statement, most analysts are sticking to the prediction of a doubling in share price within 2 years. Overall, LBG looking very promising indeed !

Probably right, but most analysts/brokers are only recommending 'Hold', don't buy at the moment as the upcoming banking regulatory moves are a big unkown.

holding rbs whats your thoughts ?

Smarty - Experience old son, experience !

Luckily I had stops in place for my LLOY but the price is now in freefall.
The price is getting a lot better for those long term holdings if we are to believe that the share price will double (or more) over the next 2 years.
So who is adding to their holdings right now????

brokers.

re - So who is adding to their holdings right now????

I did
here was my comments earlier on..........

Drop overdone after a very 1Q results on Monday, see positive trends with impairments have slowed significantly . Is now into an UPTREND on the chart

i will be adding too. though may not see low point as trickle feeding around the 17th of every month. am in for the long haul
also doing likewise though was sensible to take my profit in RBS on Monday. will reinvest in RBS when i think a suitable low point has been established. i need a SP of 53p or less to make it worthwhile.
Bon chance to all those who hold these two.
Alex

Nordcaperen - so the basis of your prediction the sp will hit sub 60p is based on your experience. Well me old son, you sound very much like a politician, bouncing aimlessly around until you hit something, blame everyone else & tell the World you were right all along. And no.......... I won't be voting for you...... me old son.

are you THAT old...smarty?