Very strong this morning, reached 70p ealier and is moving closer to it again 69.77p at the moment

71+p atm results due next week target sp 85p.

A record volume 630M shares were traded and finished at 71.80p UT

@halifax
is the sp target 85p for next week, or is that a long term target?
Nice the see the sp price around 70p now

bit of tree shake today in line with the market, 85p sp target by february next year when final results should be out.

interim results due next wednesday sp rising in anticipation?

re - Banks
Only LLOY is UP the rest down with the market hough now recovering fast

SP 72.44p. Going higher with better than expected interims on Wed. 100p by end 2010/Feb 2011 (2010 Final Results) Then upwards & onwards as we approach Divis from Feb 2012.

Once results are out I would expect all of the financial stocks to fall back as people lock in profit. Also, trading is going to be comparatively thin over the august holiday month so I don't think there will be sufficient trading momentum to sustain this rise. Short term view, of course.

I'm with the "Cat" on that ! You'll be able to pick em up for 60p ish within a month - Last time you predicted a rise Smartyarse it plummeted by 25% in two weeks same will happen again.

The future direction of the sp will depend on when and how the govenment shareholding is sold.Presumably HMG would like to take their profit asap.

Can just see a grubby little tax man waiting eagerly for tomorrow - fingers at the ready wating for the big rise to sell all the governments stock in one hit ! Plunging Lloyds back down to the 20p barrier so he can buy in again !

nord as you probably know HMG will place their shares in tranches when they think the timing is right,they have recruited a leading investment banker for this task.

The "breakeven" for LLOY is @74p and for RBS, @50p

s
thanks for that.
i didnt know that but do find that info most interesting. as are all your posts.
regards
jkd

UK Financial Investments Ltd announced 19 July 2010 the appointment of Jim O'Neil as Head of Market Investments. He has been given overall responsibility for the Lloyds and RBS stakes, protecting the value of the taxpayer's investments. He joins UKFI from Bank of America Merrill Lynch where he spent 17 years most recently as Head of International Corporate Finance & Restructurnig Group. He is to develop and execute the strategy for divesting the stakes in these Banks. He is tasked with disposing of these stakes in an orderly manner. O'Neil is very highly regarded.

Hope he does a better job than Gordon did with our gold.
regards
jkd

and why not, his is not a difficult task once the sp has risen to 85p.

either jkd and smartyarse are the same person or if not there be some serious arse licking going on Me Old Son !

n
that seems to be and clearly is your opinion, to which you are entitled and entitled to air it.
no doubt the serious readers to this board will make up their own minds.
regards
jkd