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

StockMarketWire.com
"Part-nationalised bank Lloyds said this morning that the group returned to profitability on a combined businesses basis in the half-year to end-June, with profit before tax of 1.603bn (H1 2009: 3.957bn loss).

Statutory profit before tax was 1.296bn (H1 2009: 5.95bn which included the 11.173bn gain on acquisition of HBOS).

Lloyds reported robust gross lending with the Group extending 14.9bn of gross new mortgages to UK homeowners and 23.7bn of committed gross lending to UK businesses.

The Group said it delivered good revenue growth, lower costs and a significant reduction in impairment whilst continuing to build customer franchises. The cost:income ratio also saw further improvement to 43.5%.

85p Target Price seems a long way off folks ! Pmsl........

Charts are bollocks

Well, Sparge my Wort ! Brill set of figures. 1.6Bn vs 694Mn Est. SP up again & against a falling market. SP up 34.4% in past month. Only another 12p to reach 85p. Then its dilemma time - do I go for the Aston Martin or the Ferrari?

I'll Bet you your 'Dinky" Toy Ferrari its drops by 12p to 63p well before it gets 85p - You said last time it would be a 1 - Where do you live Planet SmartArse Roflmao.........

nordy nordy nordy - why do you get so upset when others make profits? I still stand by my 1 forecast which, as you well know, is for end 2010/Feb 2011.

Tricky one, as HMG's break even point is 74p, they will then bail out presumably, as I believe it is not their primary intention to make a capital profit. I still think in the short term (next 2 months) that it is going to struggle to get there & hold.

I love people to make profits - especially me, that why I bought below 60p last time and sold 1st thing this morning at 75p - Now I wait two weeks and get back in at 60p - its called 'Trading". Have to dash though, the slaves have just finished cleaning the pool ! Tally ho !

Harrycat. IMO I don't think UKFI are in an urgent rush to make disposals. Institutional Investors (specially Pension Funds) will be looking to take big stakes as we approach early 2012 when Divs can be reinstated. This will particularly assist the sp during H2 2011 & raise more cash for the Govt. UKFI will be under close scrutiny to ensure it receives a good price in return for the bail out. And remember, there will be no share dilution. Lastly, I agree 1 is optimistic, but I honestly beleive it is very achievable in the above time frame. Life is so much better when one is optimistic. Keep smilng & good luck!