LLOYDS BANKING GROUP ANNOUNCES SALE OF INTEREST IN A PORTFOLIO OF PRIVATE EQUITY INVESTMENTS

Lloyds Banking Group plc (the Group) announces today that it has agreed the sale of a portfolio of private equity-related investments with gross assets of approximately £1,050 million and the transfer of undrawn commitments which are expected to be £220 million at completion (the Portfolio) to a fund (PE1 LP) financed by Coller International Partners VI1 for a cash consideration of approximately £1,030 million. After the reversal of the related available-for-sale reserve, the transaction is expected to result in a pre-tax gain for the Group. Following the sale, the Group will continue to manage the fund in return for a management fee, which is likely to be less than £10 million per annum. The sale proceeds will be used for general corporate purposes.

Starting to look a little more lively!

I guess not being named today is "positive".

significant break upwards next stop 40p

Next target 40p........hope the 'stop' bit of your comment was an error, h!

Why is the Lloyds share price so strong at the moment

Because I sold mine, 50K, yesterday well below 33p!!

Ahoj, know how you feel sold bdev and TW tooooo soon.,.

Back looking at the 38p level.

March High (37.38) just broken 37.50p

Nicely cleared 40p.

100p

When?

End January, when they start talking about dividend, IMO.

Wow! Can't wait! Should have bought some more in November. Hindsight and foresight are wonderful things. I hope you are right.

38p now history (hopefully) a close above 40p would be positive.

chuckles- 12 Jun 2012 19:29 - 4131 of 4161

Should have got in at 25p but anything sub 30p is theft. It won't be down at these levels forever, one for the SIPP

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Follow Chuckles and you won't go far wrong. ta da

Hi Chuckles,

Can we invest SIPP in houses? or Shares?

My close friend is GP and is interested to control all his money himself, paying over £20k for pension. Any guidance would welcome.

ahoj, you can certainly invest in shares that's for sure. Houses, no idea if you can do that directly other than through a property fund.

Ahoj, at the risk of providing free advertising this link might help

SIPP Stuff