soon be 43p which is to much for this pile of shite .
the board are run by a loser the new ceo is useless
which i did state when he put in post .
the chairman is worthless he even said DANIELS DID A GOOD JOB .
that says it all.

Full Article.


Earlier Tuesday, Moody's Investors Service said part state-owned U.K. banks Royal Bank Of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) face ratings cuts as their chances of further state support recede.

The ratings agency in April had said it would reassess the effect of implied state support on 19 U.K. financial institutions. Tuesday, it formally put some of the banks on review for downgrade and changed the outlook to negative on Barclays PLC (BCS) while affirming a negative outlook on Hsbc Holdings PLC (HBC).

In all, 14 banks and building societies are now on review for downgrade. In addition to RBS and the Lloyds Tsb Bank PLC unit of Lloyds Banking Group, the list for possible ratings cuts includes the U.K. units of Banco Santander SA (STD), National Australia Bank Ltd. (NAB.AU) and Bank Of Ireland (IRE), and the country's largest building societies, Nationwide and Yorkshire.

skin yes loking sick and no driver at lloyds it as no one at the helm
the decks are awash

Lloyds and RBS will be up rated as soon as they are free from the shackles of government support.

Banks are doing well today

I guess this won't have hurt Lloyds.

National Australia Bank Ltd. (NAB.AU) will emerge as the buyer of all or parts of Lloyds Banking Group PLC's (LYG) Verde unit as the company becomes increasingly likely to be forced to sell the operation, according to the BBC.

The BBC report comes in the wake of a British committee on Tuesday saying that an April recommendation that Lloyds should sell more branches to encourage greater U.K. banking competition will be a feature of a final, September report from the government-appointed Independent Commission on Banking.

NAB, which already owns the Clydesdale and Yorkshire banks in the U.K., is seen as the only real bidder in town by Lloyds, according to the BBC.

selling LLOY branches to NAB means more of our banks will be foreign controlled is that Cameron's plan?

Merrill Lynch note:
"We met the Finance Director on Monday and were somewhat surprised that Lloyds were pushing ahead with the sale of 600 branches, regardless of the ICB overhang. Reading the FT this morning helps explain why. On the front page is an article quoting Virgin Moneys Richard Branson (one of the more serious potential bidders) suggesting the EU package of branches would be enough to allow it to become "a formidable competitor in the UK" and that the ICB was only going to muddy the waters and delay things.

For Lloyds such a public display that supports both its and the EUs views, by the people who are likely to buy the assets, must be a huge shot in the arm. In our view, this would importantly provide the government with a truly independent and real life alternative to the ICBs draconian thinking - we think this article is very significant. Given the recent demise Lloyds has pulled back to stand at 0.8x 2011 T/NAV. Whilst we all know there are still issues, the current share price is back to where it was 18 months ago and completely ignores the progress the bank has made in sorting out its funding and further de-risking the balance sheet.

Given all the uncertainty around the 30th June strategy day, the ICB, the economy and the broader sovereign issues, we have been keeping our powder dry looking for an opportunity to ramp up the noise again. We can wait no longer.
Now (currently) a consensus short, even if the normalised EPS was 8p (not 10p), the shares would be worth a lot more than the current 50p share price. With the consensus view now so bearish and expectations at post crisis lows, we think going into the investor day underweight would be a massive risk and we would strongly recommend that investors take another look at Lloyds at these prices".

Harry that sounds sound!

It does, but what we need is a contrary opinion just to present a balanced view, but none forthcoming atm. Most brokers seem to agree that being short LLOY needs serious reviewing.

Harry - I've just had this through - it made me chuckle.

this is flying up right now!!!!!!!!!!!!!


yeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaa

i would not wanna be outta lloy this weekend with all the t/o whisphers

very strong rumours flying - yeeeeeeeeeeeehaaaaaaaaaaaaaaaaaa

city like it

new seymour target 65p
http://www.igindex.co.uk/spread-betting/uk-broker-ratings.html

Gibby, what take over rumours? do you mean the branches they're disposing of?

the way they are dishing out shares it will soon be 69b in lloys

what if the cutomers dont want to move there acounts from lloys .and move them back to lloys

these have dropped 20p from 68p since that loser ceo started .bag of shit run by a useless muppet

Coming up to my 42p level.