bernie good day for shorts?

Don't wear them

why are yours burning?

No position today, golfing my son. Looks like you had one good day out of 285 lol.

long... may it continue!

lol

Markets Boosted As Banks Pledge Billions



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BARC.L 158.00 +6.00

HSBA.L 521.10 +19.60

LLOY.L 35.91 +2.41

MCO 32.40 +0.75

MXG1.BE 0.00 0.00


Sky News 2011, 22:07, Thursday 15 September 2011

Markets have been boosted as five of the world's central banks said they would pump billions of dollars into the European financial system.

The Bank of England, European Central Bank, Bank of Japan (NYSE: MCO - news) , US Federal Reserve
and Swiss National Bank said they will provide additional dollar liquidity in a move designed to alleviate fears about lenders' exposure to bad debts.

Shares in Britain's banks were boosted by the announcement, with Lloyds Banking Group (LSE: LLOY.L - news) ahead 7%, and Barclays (LSE: BARC.L - news) , Royal Bank of Scotland (LSE: RBS.L - news) and HSBC (LSE: HSBA.L - news) were all up 4%.

This helped push London's FTSE 100 Index 2% higher, or 110.5 points at 5337.5.

I'm watching Question Time. It's live.

One of the panellists is Nickola Horlick, the financial (fund) manager.

She will have seen the markets aparently stabilise today and yet she strongly feels that Greece has no alternative but to come out of the Euro.

What will the markets do when this happens and Greece has to overstamp their Euros with the word 'Drachma' and devalue its currency?

Or is this event priced in already?

The euro's future, and even existence, hangs in the balance as Greece, Spain, Italy and others look increasingly unlikely to be able to meet their debt payments. But whatever the outcome, the scars of this crisis will mar the currency for decades to come and that's if it survives.

16 Sep Lloyds Banking... LLOY Goldman Sachs Conviction Buy 36.93 60.00 60.00 Upgrades

don't we just love the smell of burning shorts!

What you never shorted a stock, even to protect your portfolio. Sounds like a short time investor, up two days and he is wetting his pants. Must have made another 10

bernie you are such a nice fellow we do not have a portfolio rather old fashioned only deal in CFD's.

Goldman Sachs note out today:
"We remain positive on the long-term prospects of Lloyds Banking Group, which we expect to generate high steady-state returns, supported by a dominant position in the UK retail banking market. Importantly, in our view, risks to the realization of an attractive steady-state have declined materially since we upgraded the stock to Buy on July 13, 2011. Notwithstanding this, the stock has declined in line with European peers over this period. Consequently, we consider the stocks risk/reward proposition as having improved and add Lloyds to the Conviction Buy List.

We see multiple catalysts for performance in Lloyds. Most fundamentally, we expect the stock to re-rate as reported returns (1H11 GS ROE: 5%) converge with core returns (1H11 core ROE: 16%) on the back of declining non-core assets (and related losses). In addition, we view consensus projections of Lloyds ROE recovery as overly pessimistic (GS EPS stands 3%-14% above Datastream consensus through 2013) and we expect EPS upgrades to support performance. Finally, we see multiple milestones (and thus potential catalysts) on the groups path to steady-state: 3Q11 results (8/11), the UK governments reaction to ICB reforms (which should provide certainty on the UK finish), clarity on the outcome of the Project Verde divestiture (by year-end) and the lifting of dividend restrictions (1Q12).

Our 12-month price target remains 60p (ROE/COE-based) and implies 79% potential upside. On our estimates, Lloyds Banking Group trades on 11.2x 2011 GS EPS, 5.9x 2012 GS EPS and 3.9x 2013 GS EPS as well as 0.5x 2011 P/B and 0.6x 2011 P/TB."

Bet we don't hear from you when is starts falling again halifax

has i have posted twice before 80p in 12months now 11 months

these will it 50p next week

Last 30 mins of trading.

Is that important mitzy? Prices drifting a little but monday should be another good day.

RNS Number : 4610O

Lloyds Banking Group PLC

19 September 2011

19 September 2011

LLOYDS BANKING GROUP ANNOUNCES MANAGEMENT CHANGE

The Board of Lloyds Banking Group ('the Group') announces today that Tim Tookey has decided to leave the Group to pursue an opportunity outside the banking sector. Mr Tookey joined the Group in April 2006 as Deputy Group Finance Director and was appointed as Group Finance Director and as a member of the Board in October 2008. He will continue with his present responsibilities and remain on the Board until the end of February 2012. A search process to appoint his successor will now be commenced.

Sir Win Bischoff, Chairman of the Group said: "I greatly appreciate Tim's significant contribution, both as the Group's Finance Director and as a member of our Board, and the Board and I wish him every success in the future."

Antonio Horta-Osorio, Group Chief Executive said: "We would all like to thank Tim for the valuable insight and experience he brought to the Group during an important period in the Group's development. Tim will continue to play an important role through to the end of February and I wish him all the best for his future after Lloyds Banking Group."

Tim Tookey, Group Finance Director said: "It's been an exciting and rewarding time for me at the Group and I have made many good friends among my colleagues. This has been an important period for the Group and I am pleased to have played a part in defining the next stage of the strategy which I fully endorse as the right one to realise the Group's potential. With its implementation now underway, this felt like the right time to consider a different challenge."

- END -