Wouldn't it be nice to see 80p around 4pm just a glimpse.......

why

I'm not greedy, a touch of 80p for today, then 85 and upwards to a pound next week. hello!!

marni

Insulting -- >> lloy crap

Is all over your face ( the crap and the egg )........ for missing the last rise

edit : you sound like - hlyeo98 - lately the person you used to love/hate, most likely you have join the same party ( and have not even realised )

LLOY and BARC are neck and neck during the last month RBS is lagging but LLOY is leading on the 2 month chart

And reaching 81p that is 3p better with the market slightly down, certainly this is positive

100p now sayS NOMURA .........

Lloyds Banking upgraded to buy from reduce at Nomura, target price increased to 100p from 58p.

BREAKING NEW GROUND and into 82p a few minutes ago

Charts are looking very positive

New Chairman. Is he a WINner?! ;o)

73/09 27 July 2009

LLOYDS BANKING GROUP APPOINTS A NEW CHAIRMAN

Lloyds Banking Group is pleased to announce the appointment of Sir Win Bischoff as Chairman, following the decision earlier in the year by Sir Victor Blank to retire. Sir Win will take up the position of Chairman of Lloyds Banking Group from 15 September 2009.


Sir Win Bischoff is a senior banker with many years experience both in the UK and overseas. Sir Win spent most of his career with Schroders and was appointed Chairman of that company in 1995. Following the acquisition of the Schroders investment banking business by Citigroup in 2000, Sir Win assumed the role of Chairman of Citigroup Europe and was a member of The Management Committee of Citigroup Inc. He served as Chairman of Citigroup from December 2007 until early 2009.

Sir Win was appointed following a comprehensive search process. Sir Julian Horn-Smith, one of the Group's senior non-executive directors, led the process, supported by a committee consisting solely of other independent directors and with assistance from executive search consultants JCA Group. A number of candidates from the UK and overseas were interviewed by the committee and the decision was taken by the Board, on the recommendation of the committee. The board, led by Sir Julian Horn-Smith and Lord Leitch, the Group's Deputy Chairman and Senior Independent Director, also consulted with its major shareholders, including UKFI. The FSA has approved this appointment.

Sir Victor said: 'I am pleased to hand over to Sir Win Bischoff following his appointment as our next Chairman. Sir Win has a wealth of senior banking experience which will be very valuable to the Group in the future as the two banks are integrated to create the success the board envisages.'

Sir Win Bischoff said: 'Lloyds Banking Group has a proud history and an excellent customer franchise, and I am both honoured and pleased to accept the Chairmanship of its board. Short-term we face many challenges but, in the longer term, the Group is well positioned to deliver significant benefits to its customers, shareholders, employees and the public.'

Eric Daniels, Chief Executive, Lloyds Banking Group, added: 'Sir Win brings great knowledge and insight to the Group as we build the UK's leading financial services provider and I look forward to working with him. The board and I are immensely appreciative of the leadership and vision Sir Victor has provided during a time of great change for the Group and the financial services industry in general.'

Digitallook - Japanese brokerage Nomura has upgraded part-nationalised bank Lloyds Banking Group ahead of the UK banks interim results season.

As substantially all the highest-risk assets are believed to be included in the APS [asset protection scheme], we believe Lloyds' TBVPS [tangible book value per share] has among the least downside risk of major banks, after the first loss piece is exhausted, said Nomura analyst Robert Law.

83.8p closing price - up 3.1% - still going north!

It did reached 87p yesterday intraday, but then everything on the FTSE went down

Should be nudging 95p+ next week - after interims on 5 Aug. Still holding for the longer term (and the Divs if I live long enough!!). LOL

Chart looking - Good !

I understand that our shares stand in the Treasury books @ 120p .. now I and many others bt for income why can't HM govt allow Lloyds to promise say a 10% final which could easily be paid even if losses are still shown in the full year accounts the resultant share price would enable the share holding to be sold on the open market, probably even showing a profit.

After all Mr Darling the govt does owe Lloyds one or more!

Tipton11

Lloyds Banking Group does NOT owe the Govt (or taxpayer) anything. The 4bn loan + Interest was paid back in full following the recent Open Offer. Admittedly, the Treasury holds 43% of the Bank's equity, on behalf of the taxpayer, but it is simply a shareholder stake like any other, albeit the largest. The Bank is able to now pay Divs if it so chooses, and I dare say the Treasury would just love to see some further return on its investment, and as quickly as possible. I think next Wednesday, when the Interims are announced, we could see a modest "profit" thanks to some creative accounting. A promise of Divs for 2010 would see a surge in share price too! Still looking for 95p by end of next week IMHO.

Oh LLOY shareholders may be in denial, that (the purchase of HBOS) was the single most stupid piece of Banking, done over a weekend (so it seemed!).

LLOY is still not clear, as many expect a further write-off, when the Markets have sufficient bouyancy. It seems difficult to understand how the new group has gone from dire-loss to "profit" as described here.
As to the Government holding - I thought we taxpayers had been swapped for we holders.....so, no change there.
As to creative Accounting - wasn't it actions like this that created the Banking Crisis in the first case - Banks must not be allowed to resort to this, ever again.

Like it or not, creative accounting makes the world go round - same as bankers & politics. Remember, just because figures are released, they do not have to be accurate. Indeed, the Office for National Statistics subsequently amends its own figures months down the line. Today, the USA saw GDP fall 1%, against a forecast of 1.5%. So far so good 'eh. Then, in the small print the US Commerce Dept revised its figures for the whole of 2008, saying the recession has been deeper than previously estimated!! Hmmm - you mean the little buggers were lying before - you bet they were !! Still betting on a modest profit for LBG on Wed - even tho' the figures will be rigged. Sell on the rumour? I'm holding for the longer term as shareholder confidence will boost the sp - specially if promises of Divs materialise. As a 43% shareholder I'm sure the Treasury will use its votes wisely and accept the Divi Cheque. LOL

The OBSERVER says :

Lloyds Banking Group's attempts to sell a 6bn Bank of Scotland portfolio of loans have been unsuccessful

High st banks to write off further 32bn but Lloyds is due to forecast that worst is over

THE INDEPENDENT says:

Lloyds and Royal Bank of Scotland in spotlight as banks issue first-half results