It gets hit on any general weakness atm - its become a trading share with massive daily volumes, so the action is hardly suprising.

directors buying shares all 20 pounds worth brill is it not the ceo has not spent one penny of is own cash

Seymour Pierce note:
Irish debt downgraded to junk

Moody's lowered the rating on Irish sovereign debt to non investment grade, saying the country is likely to need further bailouts. This is the third euro area country to be downgraded to junk (following Greece and Portugal). European politicians are threatening the ratings agencies but rising bond yields have already signalled problems are far from over. Lloyds and RBS have Irish banking businesses. Lloyds has already written down commercial property exposure and 14bn or 53% of the 27bn Irish loan book is impaired, of which 8bn has already been provided for versus tangible book of 42.5bn FY 2010. Lloyds has minimal exposure to Irish or other troubled Eurozone government debt.

It is worth bearing in mind the skewed size of Eurozone economies. The top three countries Germany, France and Italy, make up 66% of economic output, which means that we should perhaps focus on whether any other countries look as if they have unsustainable debt burdens. If either Spain or Italy is the next problem country, Barclays holds 14bn of these two countries Government debt at fair value, plus 35bn of retail loans (at amortised cost) to Spain and Italy versus tangible book of 42.1bn FY 2010. Banks look very cheap on a price to tangible book basis - yet it is hard to say what level of "contagion" is currently being priced in.

Worth keeping an eye on this week depending how the right shoulder develops.

there are NO bidders for loys branches they have all withdrawn from bids

lloys to float a new bank .spliting lloys into two banks

Recovery,

bought a few more for the SIPP.

this company is run very badly talking to staff they are giving up hope
the ceo is a bloody joke along with the useless chairman.
remember the chairman stated many times what a wonderful job E DANIELS WAS DOING . it is time holders started to take action .glad i am not a holder of this disgracefully run company the board sdhould all go

half year results to be announced on 4th August, we shall see.......

loss of 2.2b but to get back to profit by 2013

-anker if your figure turns out to be anywhere near correct beware you are not accused of insider dealing.

Some of his price predictions have been way off the mark, so he needs to sack his insider contact!!!

Don't make me post the muppets again! :-)

harry . i am never far away . lloys is not out of the trees it still has a few more branches to fall throw till it its the ground. lloys now has a very poor CEO the only
thing he knows is cut jobs he needs to look at the useless board who said DANIELS was doing a great job .get rid of them and lloys might get back to profit by 2013

when you talk to branch staff it tells you all
how can any one in a bank advise cutomers to invest
there money when they do not have a clue about the company
they work for .

-anker so when are you going to leave Lloyds, what a load of drivel?

Lloyds Banking Group branch sale plan rocked as bidders disappear





James Quinn, 21:03, Saturday 23 July 2011

The proposed 2.5bn sale of 632 Lloyds Banking Group (LSE: LLOY.L - news) branches has been thrown into doubt after it emerged that only two formal bids have been filed.

The lack of bidders has led advisers to consider plans to demerge the business and float what would become the UK's seventh largest bank.

The Sunday Telegraph can reveal that only two bidders NBNK and Co-operative Financial Services filed formal bids ahead of the first deadline for the Project Verde assets.

Of those, the Co-op's bid was described by one source as "lacklustre", while another source questioned its viability following the announced exit on Friday of Co-op's chief executive Neville Richardson.

As a result, bankers at Citigroup (NYSE: C - news) and JP Morgan are now actively assessing plans to demerge Verde into a separate listed entity, handing shareholders equity in a "rump bank".

Lloyds is being forced to sell the assets which comprise the TSB (KOSDAQ: 045340.KQ - news) and Cheltenham & Gloucester brands, among others as part of a European competition ruling following Lloyds TSB's merger with HBOS at the height of the financial crisis. UK taxpayers own a 41pc stake in Lloyds, through UK Financial Investments, as a result of subsequent bail-outs.

The news will come as a blow to Antonio Horta-Osorio, Lloyds' new chief executive, who personally accelerated the disposal process shortly after taking the reins from Eric Daniels, his predecessor, on March 1.

Of the other potential buyers, Australia's NAB, tipped ahead of the deadline to be the frontrunner, reserved its position to make a bid at a later date, Clive Cowdery's Resolution expressed interest and the Nationwide building society sent a letter focused on remutualising the old TSB branches.

Virgin Money is understood to have written a letter to Lloyds asking for more detail about the sales process. It is thought that Virgin is more interested in bidding for Northern Rock.

An important factor that prevented some from making a bid was the 20-30bn funding gap the product of Verde's 64bn asset base set against 32bn of liabilities. Lloyds is believed to have told would-be bidders that this would fall to approximately 10bn within 18 months as customers repay mortgages contained in Verde.

Advisory banks Citigroup and JP Morgan had resolved to explain this gap, but one non-bidder said the wording in Verde's information memorandum on the issue was unclear about how this would happen.

It is understood Citigroup and JP Morgan are now exploring plans to demerge the business as the most viable option given the low level of interest from buyers.

Although a trade bidder might still be the preferred option, it is believed both the investment banks and Lloyds are concerned about the lack of interest in the branches. At one stage it was hoped the assets might fetch a price of up to 4bn.

Critics point out that any demerger most likely enacted through a one-for-one share split which would see taxpayers end up with a 41pc stake in the separately quoted Verde would take up to 18 months to put into operation, as the management team was only assembled in May.

Another option would be to postpone the sale altogether, given the ultimate deadline for the disposal to go ahead is not until November (Berlin: NBXB.BE - news) 2013. A Lloyds spokesman said: "A dual track process has always been part of how we've presented it to the market. We have received a number of credible bids."

look at my post 2427 correct again

has a long term tory voter .i can now not see who they are for it certainly is not investors or business.