Post apocalyptic high @89.07 today.

Up over 10% since I got back in last Friday.

I used to love trading these before the banks collapsed. My first venture back into these since I think , chucked some in the SIPP.

How are you doing DIl - I'm 68% up on my main SIPP holding, have them on a long term SB and have bought a few in the ISA recently.

I went with Barclays after the crash and made about 80% but sold a couple of years ago.

Markets been boring me for last year or so but started to get back in slowly. Still got my RECI and have had BT. from about 140p but dumped everything else I held and spread 50% over a number of unit trusts .... so relaxing :-)

Probably become more active in the autumn.

Keep up the good work I still pop in most days to catch up on things.

I still hold RECI, but sold BT recently hoping for a pull back - but I had them from just under a quid.

GACA is the best of my boring yielders atm.

Cheers mate I'll take a look.

Interesting chat guys. My story on these is kind of lucky. Back in the day I used to day-trade for a living. This included trading day-trading CFD's in my SIPP.

In 2008 things got very messy and I quit and went and got a "conventional job". Left all my SIPP in cash until August 2011 when I figured it was time to invest.

Breaking every rule of share diversification I stuck half on LLOY at 38p and half on RBS figuring the market couldn't go any lower. Wrong of course by some considerable way.

I managed to hold onto all my LLOY until 76p and then started trading in and out.

Still got half my original stake - rest got sold at 80p some of which got stuck on RBS at 328.

Not sure how much further LLOY has to run at the moment and don't know whether to sell a few. Looking for 400 on RBS.


I feel the private investors coming back to the market and trying to understand how best to make money from this opportunity. After spending years trading FTSE100 stocks being confident enough to deal with massive spreads and liquidity issues is quite a learning curve.

Currently sitting 51% in cash across all my accounts although SIPP is nearly fully invested

Just a thought CC.....It is widely considered that Private Investors are often the last and late to enter a market and that is the time for others to exit. Many stocks have had a really good run since 2009 and are probably fully valued now. The advantage of LLOY at the moment is that they will start paying a divi soon and that will attract the funds, but if interest rates start to creep up over the next 12-18 months then folks may exit equities into safer investments.

CC.

Hold a few RBS and Lloy and trade them.

But if you are not holding any, have a look and Builders and keep an eye on Miners.

Trends are still strong and seem to me supported by "promised" fundamentals. Just been arranging targets and dumps, for next week.

May serve you well for the next 2-3 months, or longer!

miners remain worryingly weak, primarily because of weak chinese demand for steel - the key indicator

the equipment we buy is primarily made from stainless steel
while accepting the $ is comparatively strong at the moment and that the chinese continue to over-produce, ignoring market conditions, prices have fallen from about $27,000 about 5 years ago, to just over $20,000 within the last 12 months, and currently <$16,000

eventually this will turn around - look to indian expansion - but until that time, assuredly stick to just top drawer and diversified stocks like BLT and RIO

StockMarketWire.com
Investec has added Lloyds Banking Group (LON:LLOY) to its list of stocks to avoid and moved to a sell investment rating (previously rated as a hold), given its unchanged 84 pence a share target implies a negative forecast total return of 2.2 per cent.

The broker added that despite a "euphoric reaction" to its Q1 2015 IMS and the UK General election result, taking its shares to a fresh 6.5-year high, it expects a combination of statutory downgrades and share indigestion to curtail further progress.

Lloyds Banking causes City divide

Just noticed the dividend has been received today.

From the Telegraph

Lloyds to inject £1.2bn into UK companies over next three years

LDC, the private equity arm of Lloyds Banking Group, has pledged to bolster the nation's "forgotten army" of medium-sized businesses

Private equity giant LDC has announced plans to bolster Britain’s midmarket by investing £1.2bn into the sector over the next three years.
The landmark investment pledge will accelerate growth amongst the nation’s so-called “Mittelstand” companies, LDC said, providing a significant boost to the UK economy.

Mid-sized firms represent 0.5pc of the active businesses in the UK but contribute one-fifth of employment and turnover. Business lobbying group the CBI has hailed the midmarket as “the forgotten army” of the UK economy.

LDC claimed that its investment plans would not only inject much-needed capital into the midmarket but that its expertise would be invaluable in helping these firms to scale domestically and internationally. Just 17pc of mid-sized firms currently export beyond Europe, lagging behind their counterparts on the Continent.
“Mid-sized businesses are vital to the UK economy, and our core aim is we want to help them grow more quickly,” said Chris Hurley, joint chief executive of LDC. “Private equity is a powerful catalyst.”

LDC, formerly known as Lloyds Development Capital, has invested £930m into mid-sized companies over the last three years. It is the most active midmarket investor by deal volume, completing six deals - worth a total of £200m in growth capital - in the year to date.
In 2013, LDC invested £22m into rural fashion house Joules, taking a minority stake in the mid-sized firm.

According to Joules founder and chief executive Tom Joule, the capital enabled the firm to build up its multichannel business, and expand into the US and Germany.

Tom Joule launched Joules in Market Harborough in 2000
The £100m-turnover company operates wholesale and e-commerce businesses, as well as selling its clothing at equestrian events and through its portfolio of 100 stores.

“We’re driving the international business and LDC have acted like non-execs, providing a great sounding board,” he said. “They are not focused on the 'low-hanging fruit’ like bankers, who just want a quick return.”

Mr Joule called on other equity backers to make similar pledges to the British midmarket, claiming that “it could only be good for the UK economy.”
“Big corporations can’t be everything to everyone,” he continued. “Joules and Jo Malone and Cath Kidston, we all add a point of difference. The midmarket gives consumers a choice. We deserve to be celebrated for that.”

Intention to continue selling shares in Lloyds Banking Group plc through Trading Plan

UK to launch Lloyds retail share sale in next 12 months

Britain said it will launch a sale of shares in Lloyds (LLOY.L) to private retail investors in the next 12 months and has extended a facility enabling it to sell more shares in the bank to financial institutions.

The sale is expected to be the biggest privatisation since the 1980s when Margaret Thatcher's Conservative government sold 3.9 billion pounds of shares in British Telecom and 5.6 billion pounds worth of British Gas shares.

As well as raising money for Britain's finance ministry, those sales aimed to encourage ordinary Britons to invest in the stock market, an aspiration shared by the current Conservative government.

So will this be unlike BG sale? ( the 1st Privatisation I recall )
The Public will be offered shares in LLOY below their true value?
-but surely their true-value is already known, since they are traded openly....
Er, so where is the private profit coming from?

( and importantly, where is the Public =Taxpayers profit coming from? ) . . . it's been a few years that we lent them so much money - Indeed, so much they decamped to Scotland (wash my mouth), where they hold AGMs.

I can wait and see . . . . but wouldn't want to miss a Profit.

Post apocalyptic high was 89.20p on May 15th.

Settlement on PPI Complaint Handling

Lloyds on track to top 100p