Placing of Shares in St James's Place plc

PLACING OF SHARES IN ST JAMES'S PLACE PLC

Further to its announcement on 9 December 2013 of its intention to sell shares in St James's Place plc ('St James's Place', or the 'Company'), Lloyds Banking Group plc ('Lloyds', or the 'Group') announces that 109 million shares have been placed at a price of 630 pence per share (the 'Placing'). The gross proceeds of the Placing are approximately £680 million.

Settlement of the Placing will take place on 13 December 2013. Following completion of the Placing, Lloyds will no longer hold any shares in St. James's Place for its own account.1

Effect of the Placing on Lloyds
As a result of the Placing, the Group will realise a gain on sale of approximately £105 million. On a pro forma fully loaded CRD IV basis, the Placing will increase the Group's common equity tier 1 capital by approximately £685 million, equivalent to an approximate 24 basis points benefit.

Investec Buy 79.04 78.20 80.00 84.00 Reiterates

£28 Million Fine http://www.bbc.co.uk/news/business-25330366

Having worked in the banking industry for a long time , before I'd had enough, I'm not surprised, customer service went out the window a long, long time ago. The main objective is targets, targets, targets. People who get to the top now in the banking industry are generally harder than nails, couldn't give a toss about their staff or customers and are motivated by numbers and targets.

Sound good tutors.

StockMarketWire.com
Numis has issued a research note on Lloyds Banking Group (LON:LLOY), today, in which it contends that the disposal activity carried out during the year increases the likelihood of the bank paying out a fourth quarter dividend. However, the broker also said that, while the disposals have increased the projected fully loaded core tier 1 estimate to 10.6 per cent, they will have an impact on underlying profits going forward. Analysts have, therefore, lowered their profit forecasts by 6 per cent to £6,139 million (earnings per share of 6.3 pence) and £6,812 million (earnings per share of 6.9 pence) for 2014 and 2015, respectively. Nevertheless, Numis has repeated its positive "add" recommendation and 85 pence per share price target.

17 bob would be nice!

You are an old f*rt then skinners........ lol ;)

Farting is good for you.

If you don't fart healthily then the fart travels up your spine to your brain and this makes you think shit thoughts.

BB - less of the old! :-)

UK government could sell off Lloyds bank stake in 2014 - Telegraph

(Reuters) - The British government could sell off all of its 18.4 billion pound stake in the Lloyds banking group in 2014, the Daily Telegraph reported, citing unnamed sources.

The newspaper reported that the entire government holding could be sold off in the next 12 months in a combination of retail and institutional offerings.

"Post-results is when a further institutional offering would make most sense. After that, the thinking is an autumn sale, combining an institutional and a retail segment, is a realistic prospect," a source was quoted as saying by the newspaper.

SP closed above 80p, here we go!

Well spotted h. Would be nice to clear and hold above 81p.........but maybe that is hoping for too much!

Yeah - we want 17/6d

Double top - 12 month high @81.50p

81.50p just breached @81.73p

82p! Lovely!

16/6d

Closed some S/B @82.5p

83p ....even lovelier!