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

Why Lloyds chart suggests 100p is possible

StockMarketWire.com
The Government has reduced its stake in Lloyds Banking Group to below 3%.

HM Treasury has sold 2,775,972,160 shares leaving it with a stake of 2.95%.

How much profit did we make?

Harry, Actually the govnt has sold 671,365,850 shares this time to bring their holding down to below 3%

I don't think HMG are trying to make a profit. In fact they have specifically said this in the past as it is not their job to trade equities. So, I suspect they are pretty much breaking even over the total trades required to exit completely from LLOY.

How do you arrive at that figure opto?

The only data I can see is from
http://www.moneyam.com/action/news/showArticle?id=5512745

2,104,606,310 = 2.95%

Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- ------------------ ------------------ ---------------- ------------------------------ -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- -------------- -------------- ---------------- ---------------- ------------ ------------ -----------
GB0008706128 2,775,972,160 2,775,972,160 2,104,606,310 2,104,606,310 2.95%
------------------ ------------------ ---------------- ---------------- ------------ ------------ -----------

Harry, they never c&p correctly but but the last figure is the remaining holding, the previous 2 are the before and after...doesn't matter a lot though does it :-))

Hmmmm......I hope your day job isn't in accountancy?!!! ;o)

As you say, not too important. I wonder if HMG can now dump the rest in one go which would presumably change the makeup of the board and attract investors.

previous to triggring action 2,775,972,160
after triggering action 2,104,606,310
----------------
Shares disposed of 671,365,850

Hope it makes it better to
see Harry :-)

You're right opto. Apologies.
Good job my day job isn't accountancy.
Interesting that the Stockmarketwire.com release I posted earlier has made the same mistake and has now altered it's text. The danger of 2nd hand info!

JP Morgan Cazenove Overweight 69.00 - - Reiterates