Full marks to António Horta-Osório for turning this bank around. He seems to have kept a low profile and steadily pursued his strategy, even though the PPi saga is still dragging on the cash reserves. Am glad I chose this one as an investment and not RBS.

A touch at 70p.

Gov gone below 4% all done after hours looking at it .

LLOYDS BANKING GROUP PLC - BLOCK LISTING OF SHARES
Application has been made to the UK Listing Authority and the London Stock Exchange for a block listing of 110,000,000 ordinary shares of 10p each in Lloyds Banking Group plc (the "Company"), compromising 85,000,000 shares for the Lloyds Banking Group Long-Term Incentive Plan 2006 and 25,000,000 shares for the Lloyds Banking Group Share Incentive Plan (together the "Plans"). These shares will be allotted to trade on the London Stock Exchange and be admitted to the Official List upon allotment pursuant to the Company's obligations under the Plans. Participants in these Plans will become entitled to these shares following the vesting of share awards or the exercise of share options in accordance with the relevant Plan rules. These shares will rank equally with the existing issued ordinary shares of the Company. Admission of the shares is expected on 24 February 2017.

Macquarie today reaffirms its outperform investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 80p (from 75p).

JP Morgan Cazenove today reaffirms its overweight investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 80p (from 75p)

GS as contrarian as ever!

23 Feb Beaufort Securities Buy 70.74 - 80.00 Retains

23 Feb Goldman Sachs Sell 70.74 60.00 60.00 Reiterates

Share dilution alert?

They form part of the staff incentive plan - so hopefully will be held long(er) term?

Harrycat, do you know where do these shares come from, are they like QE and going to dilute further the stock?

I don't know exactly. My assumption was that they are newly issued which will increase the total shares in circulation and therefore, as Stan says, dilute the pot.

PERFORMANCE & REWARD

Dilution it is then :-(

Is it that big a deal?

Lloyds have 50,604 million shares in issue.

They are issuing a further 110 million - to facilitate their staff incentive scheme(s).

This amounts to @0.22% of the total.

skinny if the shares had been bought off the market it would have been going the 'better way' for me. After all share buy backs keep being mooted as a likelyhood.
I do however agree it is small figures really.

Pin pricks hurt sometimes.

8-)

Well put Fred.

From yesterday.

"The amount of capital we believe is appropriate to hold is likely to vary from time to time depending on circumstances and the Board will continue to give due consideration, subject to the situation at the time, to the distribution of any surplus capital through the use of special dividends or share buy backs."

GS just have a mind to their own interests rather than that of their clients ..... thus i am always sceptical of their views, even though others in the market may pay attention to them

JP Morgan Cazenove Overweight 69.62 75.00 80.00 Reiterates

Macquarie Outperform 69.62 75.00 80.00 Reiterates

Deutsche Bank Hold 69.62 - - Reiterates