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

Or may be 90p

maybe - think RBS dragging this down

my short at 105p doing well already

I think this will turn around as quickly as it went down ,,i traded BARC earlier this year and wish now i'd just held it , if you can time your shorts you can probably do ok .I'd rather be long over the next 6 months

The bank stocks have recently out-performed the market by 10% they are not making money on loans not lendingcredit default is still lagging and normal banking practice would result in under-performing the marketthey are still only making money on risk/investmentnot with my hard earnedI would have cut and run long ago

Seems to me they now pay negligible interest on my deposits and those borrowers I know are all seeing lending margin increased at review. Basic banking must be doing very well apart from bad debt issues and these will unwind over time. Investment banking made most of the money in first half, but encouraging to see size of derivative exposures falling (very sharply for BARC, my largest holding). Bound to be a bit volatile in the short term, but in medium term I think the sector will continue to outperform.Always DYOR

Partridgeyou may well be rightAll vibes around are sounding intuitively of another large dip in the marketsI have heard this too many times over the last week or so
The Status Quo will soon be Down Down.Deeper and DownThe Banks are a lotterywith similar business modelsthe sp reflects on those with the best bullshitI happen to believe BARC have a Gold Medal in that disciplinebut good luck to all Bank holders over the coming monthsI have no motives in this sectorso all comments imhoat this moment in time FTSE4649 BARC3-46 LLOY98.8

I agree in part tabasco but the market as you know is irrational and some have ridden the banks up nicely.

yes they were ridden up briefly by god knows who......city noses in trough with gov prob.
if u made money take kit before it falls again as it will decline after this brief period

MASTER RSI. SOLD LLOY, RBS @ BARC YESTERDAY. JUST BOUGHT RBS AGAIN 46.8P. LOAD OF CASH LEFT WHATS NEXT, CHEERS.

Is someone LYING?

-marni - said I short at 105p

The shares hardly reach 105p yesterday, and managed to short at the real top.
It stayed at 105p during 10 seconds twice at 13.28pm, and then move down fast.

-marni - posted at 13.56 pm as the shares were trading at 103.30p

I had to say that as the shares are recovering fast now 102p, so most likely now >>>>>>>>>>> I close this morning

What a FARSE