Thanks Skinny, call it 74 with the spread.

Just another piece of silver to prop up George's economics.

If it is worth buying then it must be reasonable to keep "nationalise" and the future profits could be ploughed back into the public purse, rather than Cameron's friends, city fraudsters and Morgan Stan.

"If it is worth buying then it must be reasonable to keep "nationalise" and the future profits could be ploughed back into the public purse"
I don't see the logic. HMG stake in LLOY was not an investment, it was a bailout, with interest and they (HMG) always said that it is not their policy to invest in private companies nor to remain in LLOY or RBS any longer than necessary. Additionally, until HMG have been repaid for their loan (incl substantial interest) we, the private punters are not going to see any kind of divi which also means that this stock is going to be off the radar of pension funds etc. Roll on the day when HMG is all paid off!

You can still have the joint management and dividends, based on the private and public share.

But the Bank and share holders were bailed out by the public after private incompetent management.

The tax payer in my mind is entitled to a decent and ongoing return for doing so.

Same management with full public oversight.

The more it prospers the more the management and shareholders prosper and also the general public.

I quite agree Harry - the 'potential' left in these is the 'imminent dividend declaration ( JAN ?)'

Investec Buy 76.15 85.00 85.00 Upgrades

Well I wish the price would move with "opinion".


2 Jan Investec 85.00 Buy
18 Dec Shore Capital N/A Hold
17 Dec Societe... 96.00 Buy
17 Dec Exane BNP... 115.00 Outperform
17 Dec Deutsche Bank 97.00 Buy
16 Dec Shore Capital N/A Hold
16 Dec Credit Suisse 72.00 Neutral
10 Dec Deutsche Bank N/A Buy
9 Dec Citigroup 82.00 Neutral
8 Dec Exane BNP... 115.00 Outperform

Results due on 27th February.

Surely, what's stopping the price going up just has to be the fear of further still secret hidden calamity from either bad debts or poor selling of bank services or such as insider dealing or other 'fiddles' going on?

You are getting worse than I am.

Financial Calendar

Results 27th February.

City view: Why Lloyds is top bank

"We see Lloyds (LLOY) remaining the best capitalised UK bank with its current CT1 of 12% rising to 14% by 2016 despite the payout of 9.3p in 'cumulative' DPS over the period and a '16E div yield of 6.4%."

-=-=-=-=-=

I wish somebody else would see the value of this bank 8-)

Final results Friday 27th February.

The Commissioners of Her Majesty's Treasury < 24%

17 Feb Morgan Stanley 100.00 Overweight

UK raises 500 million pounds through sale of Lloyds shares

"Lloyds is expected to announce its first dividend since its rescue on Friday, increasing the bank's appeal to investors and making it easier for the government to offload its remaining shares. Prior to its bailout, Lloyds had a record of being one of the highest dividend paying stocks in Britain, handing over half its profit to shareholders in 2005 and 2006."

Anyone know what price Government paid for the stock?

In the same link above :-

"The sales since made by Morgan Stanley, all at a price above the 73.6 pence average price that the government paid, have taken the government's stake down to 23.9 percent from 24.9 percent when the trading plan was launched. They also take the total amount raised by the government so far from selling down its stake in Lloyds to just under 8 billion pounds."