Halifax thats a fact!! hankies out for Hangon...:((( not having a go, lol

10 new shares at 38p for u then halifax, lol........dont put it in halifax in case its nationalised

sour grapes marni missed the boat again.

>>> laughing all the way to the bank!

I am BIG way, and yes I took the 38p offer

104 and still rising......

Actually it was 105.23 - stopped out of a few @104.

is that all u can afford halifax with sour grapes.....oh dear, times must be hard for u oop north.........is it a dinghy u have to try to get to work.....do u work at halifax, lol

good time to short at 105p

marni still trying to put abrave face on your inability to seize the opportunity that is LLOY,why not try being less abusive it might make you some sympathetic friends.

i aint been abusive. i'm making lots more money on proper companies with strong balance sheets

Piss OFF >>>>>>>>>>>>>>> marni

do I remember well, you were trying to sell for 10% PROFIT at 66p?

you must be well - SSSSSOOOOOAAARRR GRAPES by now

ooooooooohhhhhhhhh, remember your talking to a lady............lol with hairy legs!!

Lets get back to LLOY - close around 102 should hold it in good stead for Friday

06-Aug-09 Lloyds Banking Group LLOY ING Barings Hold 102.96p 70.00p - Reiteration
06-Aug-09 Lloyds Banking Group LLOY BNP Paribas Underperform 102.96p - - DownGrade
06-Aug-09 Lloyds Banking Group LLOY Deutsche Hold 102.96p - - DownGrade

marni

re - i'm making lots more money on proper companies with strong balance sheets

What sort of a person are you? I think some time back you were having almost a nervous BREADOWN with "hlyeo98" for talking LLOY down, and now you are doing that.
well I do know why you are doing that now.... you are missing the rise from 68p that most likely you sold to 104.70p closing price today, that is 54% on 3 weeks not going to your bank account but mine.

I do not think you are doing any better somewhere else as you saying.

The drinks are on you for LYING

   

I'm still long (SB) - having been stoped out @104 on some today. Tomorrow should be intersting with RBS (which ahem, I'm also long on) reporting! I took up the rights but, unfortunately only a small holding.

LONDON MARKETS

As widely predicted, the BoE Monetary Policy Committee elected not to change UK interest rates today. However, in a surprise move the BoE decided to extend quantitative easing by 50bn to 175bn, giving a boost to the banking sector.

Banks drove the main index higher, with Lloyds the best blue chip of the session, up 11.5p at 104.7p. Royal Bank of Scotland added 4.75p at 53.45p, ahead of its interim results tomorrow, and Barclays climbed 17.5p at 354p.

Lloyds Group Bounces on Brighter Future (LLOY)
Posted by TradingHelpDesk August 6, 2009

I have a great belief in the exciting prospects for the Group going forward. We are very strongly positioned for long-term success with a highly experienced management team focused on delivering the significant potential of the new business. Sir Victor Blank, Chairman of Lloyds Group.

The above quote kicked off the Lloyds Group interim report released on August 5th. Its a surprisingly bullish statement considering the volume of bad debts the group acquired, unknowingly, in the HBOS acquisition. Admittedly the comments from the CEO, J. Eric Daniels, which followed did highlight the weak economy, high levels of impairment and other short term issues but it was clearly a conscious decision by the management to commence the review of the 1st half of 2009 with an optimistic forward looking statement rather than dive into HBOS related sulking.

With the benefit of hindsight, it is impossible to imagine Lloyds would have finalised the HBOS deal in the manner it did - without thorough due-diligence and in such haste, in the absence of government pressure. Lloyds had enjoyed decades of prudent growth and a secure balance sheet until late 2008. The bank, like all financial institutions was suffering during the crisis but it was bad debts of HBOS which changed the scenario for Lloyds from challenging to potentially terminal.

Now with the banking crisis dust settling and with a half years worth of experience to draw on the group has clarified what sector analysts suspected the significant majority of Lloyds Groups impairments can be attributed to HBOS lending. Around 13.4 billion of loans deteriorated in H1 2009 and needed to be classified as impaired of which 9.7 billion related to HBOS corporate loans. This compares to a like-for-like bad debt figure of 2.5 billion in the first six months of 2008. Earnings per share crashed to -18.4p (loss) from 24.1p (profit). Total profit/loss attributable to shareholders for H1 2009 was -3,124 million (H1 2008 1,954 million).

Unfortunately for tax-payers even if the latest half year impairments represent the peak of the bad debt cycle Lloyds Group is likely to fully utilise its 25 billion ceiling on losses agreed in the government asset protection scheme. Thereafter, in line with the terms of the rescue the tax-payer is due to pick up the tab for impairments in excess of Lloyds liability. In return the UK government owns 43% of Lloyds Group shares.

LLOY shares appreciated strongly on release of the H1 report with speculators betting on a brighter future for the group. Risks remain, not least 20% of the retail mortgage book still in negative equity, but with the banks potential liability capped and the economy recovering shareholders can be confident the worst is behind for them.

Sold my holdings here now from last year, have nearly made back my money from my stupid trading last year. May have sold too soon, but happy to be out, large caps aren't my thing, never have been really.

Lets see what happens nxt stop is 120p