Osborne is going to give us some clue in his Mansion House speech tomorrow evening, wednesday, on his sell off plans for Lloyds and RSB. Let's hope that gives us the leg up over the 63p resistance.

Well if he is as equally dim as he came across on this mornings Today programme I wouldn't hold your hope up.

I suspect Osborn's caught between a Rock and a hard place . . .
-If they sell the shares too cheaply (although "we" already own them - Huh!), then the Gov won't get as much money back and they can't spend it on overseas wars, aid etc.
If they sell at too high a price (and I'm not sure they can Set the price . . . Isn't it always Open to Offers?) . . . then they will stick and they'll get nothing.

If the City Fathers actively restrict LLOY (and other Bankers) from dabbling in things they shouldn't - which WAS NOT the reason for LLOY fall from grace IMHO - it was Buying HBOS that did it! - then LLOY will have too many restrictions on their Banking Profits and the Shares will languish..... probably within a 33% band from the current 60p (40-80p, say). Thus the Gov will still get its money back - but not enough to be exciting and demonstrate to the Electorate the Gov knows how many Beans make Five.

Really, I'm torn between selling out, (taking the profit from the dark-days a while ago), and holding in the Hope the situation today will pass and If/When the Div is reinstated the sp will be significantly higher than the Band I've suggested.
Perhaps in a couple of years (or more?) we could see the Div and a sp of £1, such that the Yield is about 2% that would equate to nearly 4% at current prices and nearly 8% on what I paid.
Either way it might be premature to sell-out before the Deal is clear . . . for Mass Exit will be the last thing that the Gov/Treasury would want - a Vote of No-Confidence in their Financial nouse.
- By contrast, the City would love "churn" since they make Zippo if I hold-on.

Other views, please . . . .

was it labour or torys that pumped so much money into these banks?

so if George makes a profit on the sale it will be thanks to Gordon!

Hardly - you may as well thank John Taylor and Sampson Lloyd.

so LLOY to be sold of piecemeal , looking for a dividend at half year results on Aug 1.

what's the betting first 5% of LLOY shares to be placed with institutions at 70p, just to encourage Sid!

Exane BNP Paribas Outperform 0.00 65.00 75.00 Reiterates

Credit Suisse Neutral 0.00 - 58.00 Reiterates

Jefferies International Hold 0.00 65.00 65.00 Reiterates

So some of you lot want to sell some of our bank do you? Well I suggest you ask us first.. alright -):

UBS comment today (summary):
"Given our view that the economic backdrop is improving, particularly in the UK and US, we screen for reasonably valued cyclical stocks that generate a large proportion (more than 60%) of their revenues from the UK and US. These stocks include Lloyds, ITV, National Express, Debenhams and Bovis."

Deutsche Bank Buy 61.21 64.00 72.00 Retains

Bank of America Merrill Lynch Buy 0.00 70.00 80.00 Retains

12 month+ high @63.98p.64.12p.64.28p.

Government asks banks to tender for Lloyds, RBS advisory roles

LONDON | Fri Jun 28, 2013 12:45pm BST
(Reuters) - The government has kicked off the process of appointing advisors for the sale of its shares in Lloyds Banking Group and Royal Bank of Scotland, asking investment banks to submit proposals by July 8.

UK Financial Investments (UKFI), which manages the government's stakes in the banks, is looking to appoint a bookrunner, co-lead managers, capital markets advisers and strategic advisors for the sales.

Chancellor George Osborne said in his annual speech to financiers in the City of London last week that the government was ready to start selling its shares in Lloyds.

12 month+ high 64.68p

bit better than pog skinners.,.
Edit: also better than kaz.....lol

I was having a nice day and you go and mention POG... ! :-)

70P by results day?