Sell Lloyds - value at 96p too high now.

people that have lloyds shares arent going to read this stupid message justyi......doh!

Lloyds Banking Group has dropped after the part-nationalised bank said corporate impairment levels are rising significantly. The group is predicting at least a 50% rise in corporate impairments in 2009, with the commercial property portfolios in the UK and Ireland an area to which HBOS has high exposure particularly vulnerable.

andy hornby kept on buying property last year .........i always wondered if he did it on purpose to bring the halifaX down. no-one else in uk was buying by that stage!

I see RBS is still heaverly invested in toilet seats

Keep on selling Lloyds to 80p. It dropped 5% today.

been like a bear with a sore head

lloyds says avoid justyi, haha

So you are not buying Lloyds now, marni?

no, not any banks, i've gone into mining, oil mainly but selective ones

bought couple of ftse but mainly for divi

I heard Lloyds might be going on a discount rights issue soon

It's on the slide again...88p

Blank's gone then: http://news.bbc.co.uk/1/hi/business/8054136.stm

You are all correct. Weekend FT strongly advise to sell Lloyds and RBS.

Collins Stewart, Panmure Gordon and the Share Centre all have SELL recommendations.

You should check to see how many times they have been correct before!

collins stewart were up for corruption a few years ago!!!!

Well, the whole Labour government is even more corrupted. LOL!

See news below...............

A detailed announcement on the Placing and Open Offer is expected to occur on
20 May 2009 with documents to be posted to shareholders immediately thereafter.
Shareholders who have acquired their shares prior to 8 a.m. on 20 May 2009 (the
"Ex Date") and satisfy certain other eligibility requirements ("Qualifying
Shareholders") will be entitled to participate in the Placing and Open Offer and
will be able to subscribe for 0.6213 new ordinary shares for every ordinary
share already held in the Company prior to the Ex Date at an offer price of
38.43 pence per new ordinary share. Based on this expected timetable, the
record date for calculating open offer entitlements has been set at 13 May 2009.

"Lloyds Banking climbs after Sir Victor Blank confirmed that he is planning to step down as chairman of the group by the AGM in 2010 following continuing criticism of his banks ill-fated purchas e of rival HBOS.

In a separate statement, the bank confirmed that it has agreed with HM Treasury to launch the previously announced placing and open offer on 20 May. The proceeds will be used to redeem the 4bn of preference shares held by HMT. In a change to the terms previously indicated, existing Lloyds shareholders who decline to take up their open offer entitlement will now receive a share of any profits from the sale of unsubscribed shares.

Any proceeds raised in the rump placing in excess of the 38.43 pence open offer price will be distributed on a pro rata basis to those shareholders who did not participate in the placing and open offer, Lloyds said."

Who said lloyds were finished, look at it climb today. :))