this was once a great bank now junk .
the board should all resign with out any payment .
and pay back money

how many of these staff who sold these ppi have been sacked .
and should it not be that the person over them should resign
look at press they have now all resigned

Which bank should I buy now..?

barc

Thanks T.

ex div tomorrow but only 1p paid on sept9th

Ex dividend is the 10th - ex dates are always on a Wednesday!

STAN for me with HSBA as a back stop

Lloyds sells 1.8 billion of troubled-loan property


13:22, Thursday 4 August 2011

LONDON (Reuters) - Lloyds sold 1.8 billion pounds of real estate backed by troubled loans in the first half of 2011, and said "significant sales" would follow as a recovery in UK property values slows.

Last year, Lloyds, which posted a first-half loss on Thursday, sold more than 4 billion pounds worth of real estate from its specialist unit that manages over 1,800 cases representing 23.7 billion pounds of troubled loans.

"Despite the market for capital values improving 17.3 percent from its trough in 2009, we have seen this improving trend in the market begin to weaken for all but prime or central London based real estate," the bank said on Thursday.

In June, Investment Property Databank said property values had gained 17.3 percent since late 2009, after having tumbled by about 45 percent during the global financial crisis.

At 1202 GMT, Lloyds' shares were down 5.3 percent at 36.9 pence.

Austerity- and capital adequacy-minded banks, such as Royal Bank of Scotland (LSE: RBS.L - news) , have cut their exposure to real estate since the credit crisis.

Harm Meijer, a property analyst at JPMorgan, said the fact banks held so much secondary property could reduce values in the wider market.

"Secondary property needs money spent on it and careful management to hold its value. You have to wonder whether the assets are actually in the best hands," Meijer told Reuters.

Earlier today, Lloyds slumped to a 3.25 billion pound first half loss, hit by the cost of compensating customers mis-sold insurance and as bad loans in Ireland (Berlin: IIK.BE - news) and Australia piled up.

Lloyds is 41 percent owned by the British government after a credit crisis bailout.

(Reporting by Tom Bill)

i post that rbs sp would be higher than lloys next week and it will

why has no one at lloys been sacked over ppi why has no one at the top not lost is job

Got a feeling it will be sub 30p next week when will it ever end..?

mit i bought at just under 32p .
the gov of euro will get there act together so will be a big rise .

If I remember rightly it was going to 85p some idiot was telling me - Well if yo really want know where its heading, look at Northern Rock and Bradford and Bingley, you'll wake up one morning and hey presto - they'll be worthless, same with RBS.
The way the system works is a sham - I hope they all collapse and put the arrogant arseholes who work in them on the dole - its where they belong. Borrowing Money at a pittance, then raping customers for 17/20% on credit cards, or 10.9% on personal loans - even up to 4.5% over base rate on mortgages - and still cant make a profit - Bullshit, someone somewhere is making a packet. Sooner they're out of the picture for good and just One World Bank is in place the better.

nordcaperen, are you related to Tanker? I think we should be told. Meanwhile, here's an alternative view of LLOY:

(This article has been posted on The Source, the Wall Street Journal Online's site for European real-time analysis http://blogs.wsj.com/source)


Posted by Margot Patrick

Analysts were hard-pressed to explain why Lloyds shares fell 9% Thursday.
Sure, the bank reported a GBP2.3 billion net loss for the first half, but it wasn't unexpected after a hefty provision in the first quarter to compensate customers who were sold faulty payment protection insurance on mortgage and loan repayments.

Pretax profit, stripping out a series of charges, was still down but that was also to be expected given the state of the U.K. economy and the higher cost Lloyds is having to pay for its funding and customer deposits.

On their own, the results weren't a shocker, and no one was under any illusion that Lloyds' recovery will take at least the three to five years predicted by CEO Antonio Horta-Osorio.

So far, his handling of the bank and a new set of strategic priorities have been well-received by analysts and investors. It's just not coming through yet in the share price.

What's spooked investors Thursday is likely a mix of three things: rising bad loans in the second quarter, including ongoing deterioration in Ireland; a tepid response from potential buyers of the 632 branches Lloyds is selling as a condition of state aid; and concerns about the outcome of the Independent Commission on Banking that will almost certainly raise Lloyds' costs and may even lead to further forced disposals.

It looks like things will get worse before they get better, and there's not a lot of clarity on when better might actually start.

For one thing, there are signs the U.K. economy has slowed since Mr. Horta-Osorio laid out his strategy five weeks ago and gave guidance on how the economic picture would affect margins and earnings this year.

He said he was sticking by that guidance Thursday, but Lloyds' base scenario of rising base rates this year, declining unemployment and stabilization in house prices is looking more and more unlikely and vulnerable to revision.

A deterioration in the economy would likely mean more margin pressure and higher bad debt charges, just when Lloyds thought it had put the worst behind it.

Nearly all of the analysts who cover the stock are positive on Lloyds in the long term. Once it gets past its regulatory hiccups, sees the government sell down its stake and completes the lengthy restructuring, it should be in great shape to benefit from its dominant market position.

A halving in its stock price so far this year could be just the trigger to buy into that longer-term story.

yes the ceo did say it would take 3 to 5 years by that time he will have is cash and gone to new pastures

Looking at Directors deals, a few people have just bought in, is it time to buy Lloy shares this week i wonder, if they go sub 30p, surely this is the bottom of the barrell and so a good buying oppoetunity, any thoughts anyone.

Cheers Cashcaptain

If you think everything is now out in the open, then 'Yes'.

If you think everything is not yet out in the open, then 'No'.

Daniels lied to us and as 'Tanker' on here says, he's been pensioned off now. Also Lloyds didn't do 'due diligence' when they bought HBOS, so why would you go trusting them now?

Cynically, just go into any Lloyds TSB bank and pay in a reasonable sized cheque. Then wait 10secs or less for them to start cheating you.

exec. yes DANIELS told holders lies and thhe board who are still in place backed him
so that makes them liars how can you trust liars with your money
why has no one at lloys spoken out about the board of directors .
answer because they are to scared to speak it is a disgracefully run bank and the gov allowed them to employ enough ceo taking millions in pay .
the gov speaks with its back side .
i will post it again the new ceo and the board are trash rubbish dimwits but only for holders and customers well they fill there own pockets .
I KNOW THAT I COULD RUN IT BETTER AND IN 6 MONTHS IT WOULD BE OVER 100P

Still a sell despite the World Banks stepping in to buy Italian bonds.