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?

......... sadly, yes! LOL

BONUSES REVOLT LOOMS AT LLOYDS

Lloyds TSB chief executive Eric Daniels
Sunday May 2,2010

LLOYDS Banking Group faces an investor revolt at its annual meeting this week over its decision to award bonuses and incentive payments worth millions to its senior directors.

Tensions between investors and the bank were raised in February when Lloyds decided to award chief executive Eric Daniels a 2.3 million bonus for 2009, even though it made a 6.3 billion loss for the year. The loss was primarily due to its disastrous acquisition of rival HBOS.

Even though Daniels waived his 2.3 million bonus following a public outcry, he did accept approximately 1.6 million of shares granted to him under the banks long-term incentive scheme.

Additionally, four other Lloyds board level directors accepted 4 million of bonuses between them.

Lloyds is also under attack from unions who accuse it of giving Daniels special treatment as it will not cap the growth of his final salary pension fund at 2 per cent a year, even though it has done this for rank and file staff.

The bank argues that since he will move to a cheaper defined contribution pension scheme in 2012, the cap should not apply.

However, the Lloyds TSB Group Union said: Any pension changes should apply to everyone equally or nobody at all. One has to question the judgment of people who believe that this is in any way morally defensible. Last week the chairman of the part-nationalised Royal Bank of Scotland conceded that many bank employees earn too much.

Sir Philip Hampton said it was very difficult to defend the massive gap between what most people earned and what some bank employees were paid.

However, he added that the banks had no choice if they wanted to retain the best people.Entvolore magnim vel irit estis adigna feu facidui tin et velesed digna facinibh ent volorem qui tet utat lor sustin estions equisit lore do core minisim dionsequis dolor iustio od ting eugait.

Looks like I was wrong there then Smartyarse - Its below 60p within two weeks ! Me old son !

wow - really got to you didn't I !! Bet you've been watching the sp for the past 2 weeks just waiting to post here. Well me old cocker - short lived. Sub 60p for as many minutes- now back up to 61.25p Hahahaha ...and will be 100p before year end. Trust me, I'm a Smartyarse !!!!!!!!!!

I was watching this morning and was expecting the early fall to be maintained and so got on with some office work. My holdings were deep in .... but my view was that a recovery would take place as the holdings were long term. I was tempted to add another chunk but thought that the early fall could be the precursor of more to come when the US opens so declined. Oh well - just have to see how things pan out now.

There's another week to go yet me old son !! - Might even see 50p, probably more like 54/55p but we'll see xx