hlyeo98

A CUNT is allway a CUNT, and event your 19 HOLE can not beat it.

LETS SAY : LOTS OF BARK, but no bite

---------------

Profit taking at the banks at the end of the day

at least h98 says what he thinks, right or wrong.
i find him to be right most of the time. but thats just my opinion.
regards
jkd

I agree with you, jkd. At least h98 voices his opinion and I think he has got it right this time. Lloyds is playing a desperate card on the table and I, too, do not think it's going up, but down. See the 2 articles below.


Lloyds says UK asset plan may change
By Steve Slater


LONDON (Reuters) - Lloyds Banking Group said the terms of a state-backed plan to insure its riskiest assets might alter, and regulators could force it to make disposals, sending its shares down more than 6 percent.

The part-nationalised bank said on Wednesday it expects to sell or exit from certain parts of its business to win approval from European Union regulators for the British-state backed insurance scheme, which could include core businesses and could be "materially adverse" to the group.

Lloyds agreed in March to insure 260 billion pounds of risky assets under the government's asset protection scheme (APS), to shield the bank from massive losses if the recession deepens.

"Discussions and negotiations with HM Treasury to finalise the terms of the group's proposed participation are continuing and, although this is not currently expected by the board, may result in changes to the terms announced on 7 March," Lloyds said.

It expects to conclude details "over the next few months."

Lloyds said last month bad debts on corporate loans would be more than 50 percent higher in 2009 than last year, which prompted fears it may have to pay more for the APS as the quality of its assets had worsened.

The bank's takeover of HBOS earlier this year has left it 43 percent owned by the state and exposed to risky corporate and home loans.

HBOS suffered a 10.8 billion pound loss last year and it is likely to drag Lloyds to another loss this year and maybe next, which prompted Chairman Victor Blank to this week announce he will step down in the next year.

STATE AID HURDLES

In a letter to shareholders relating to a 4 billion pound fundraising, Lloyds said the APS is subject to obtaining state aid clearance from the European Commission.

"The group expects to agree a forward plan involving the cessation or disposal of certain parts of the business," the bank said. It expects this to involve non-core businesses, but it could have to divest or exit core businesses, it said.

"The effect of requirements to divest or exit businesses and/or to abide by behavioural restrictions may be materially adverse to the interests of the group," it said.

An offer prospectus typically carries warnings about potential risks.

But the letter highlighted "the political risks associated with government holding a large part of the capital base and ... providing substantial liquidity assistance," analysts at Credit Suisse said in a note.

By 10:15 a.m. Lloyds shares were down 6.3 percent at 71.8 pence, the biggest FTSE 100 faller.

Its price was adjusted down before the open as investors no longer qualify to subscribe for discounted new shares in a share offer. That knocked almost 24p off Tuesday's closing price.

Lloyds is offering shareholders the chance to buy 0.62 shares at 38.43p for each Lloyds share owned, which will see about 10.4 billion new shares issued.

The bank agreed to give the government 15.6 billion pounds in non-voting "B" shares to pay for its participation in the APS, and will take a "first loss" of up to 25 billion pounds on the assets.






Taxpayer faces 17.6bn loss on bank investments


By Philip Aldrick Banking Editor
Last Updated: 7:14AM BST 21 May 2009

The figures, compiled by analysts at Exane BNP Paribas, make even a partial sale of the Government's stake in either bank before a general election next spring look highly unlikely. The analysts calculated that the state's holding in Lloyds is 10.9bn underwater and 6.7bn out of the money at RBS.

"We continue to view UKFI [the body managing the investments] as a (very) long-term shareholder," Exane's Ian Gordon said. "We assume that the test likely to be applied by UKFI is one of absolute return to (at least) break-even. That could be a long wait."

UKFI has said it expects to sell the stakes piecemeal back to the market as soon as possible. The taxpayer owns 43.4pc of Lloyds, acquired at an average of 124.55p, and 70.3pc of RBS, bought at 51.21p. The stakes rise to 62pc and 95pc respectively once the "B" shares used to pay for the toxic debt insurance scheme are included.

Lloyds shares yesterday fell 6.09 to 70p after adjusting to take account of its 4bn placing and open offer. RBS, which announced 700 job losses in IT and property yesterday under plans to cut around 20,000 staff globally, fell 0.7 to 42.4p.

Some of the potential losses in Lloyds could be recovered sooner, though, after the lender warned the Government might renegotiate the terms of the asset protection scheme (APS). In the prospectus, the bank said: "Negotiations are continuing and, although not currently expected by the board, may result in changes to the terms announced on March 7."

Credit Suisse pointed out that the prospectus said the state could seize Lloyds' 3.2bn of deferred tax assets in "the occurrence of certain specified events". Lloyds said it can avoid the events.

The Treasury sought to downplay the warning, saying: "The Government is now undertaking a detailed examination of the assets and will announce final details in the coming months. We have not changed our initial assessment of the overall taxpayer exposure."

The prospectus further revealed that European regulators could force Lloyds to unpick its merger with HBOS. In return for state aid approval, the EU may demand "the cessation or disposal of certain parts of the business [that] ... could require the group to divest or exit core businesses".

Lloyds was outlining potential risks ahead of the placing and open offer to redeem the 4bn of preference shares the Government took as part of last October's bank recapitalisation. It is issuing 10.4bn shares at 38.43p a 54.6pc discount to the closing price on May 13.

Lloyds is paying the Government an underwriting fee of 60m and covering its legal costs of 30m. The taxpayer will make a further 40m as the terms of the deal are that the preference shares are redeemed at 101pc of the issue price.

The 100m the Government will make on the deal comes on top of the 995m in profit the Bank of England has made from its emergency support packages for the financial system, but will have little impact on the billions of potential losses.

Lloyds said converting the preference shares into stock will remove the annual 480m cost of paying dividends on the stock, and "will thereby improve the group's profitability, cashflow, liquidity and organic capital generation".

It will add 0.8 percentage points to its core tier one capital, taking the ratio to 6.7pc before the effect of the APS, which is expected to lift the ratio to 14.5pc.

Thanks for your support, justyi and jkd.

I realise some people loves their shares too much.

LLOY 69p now.

hlyeo98

I THOUGHT NOT MUCH OF YOU FROM THE START, I gave my reasons why, but now I got you with the TROUSERS down once again,
reason :
hlyeo98, jkd and justyi are a different user nickname, but the same CROOK
Just using a different user name every different day though

MoneyAM Username: hlyeo98
Real name: unknown
Location: somewhere in the ether
-----------

MoneyAM Username: jkd
Real name: unknown
Location: somewhere in the ether
------------

MoneyAM Username: justyi
Real name: unknown
Location: somewhere in the ether
-------------

justyi - 12 May 2009 13:26 - 33 of 80
Keep on selling Lloyds to 80p. It dropped 5% today.

---------------
hlyeo98 - 19 May 2009 10:45 - 49 of 80
I feel LLOY could go down to 50-60p after the placing...very big gamble.

I think you are getting paranoia because I have proved you wrong this time.

It's understandable as LLOY is only 66p now.

AND IT WILL GO TO 50-60P. MARK MY WORDS!

re - MARK MY WORDS!

Your words are full of SHIT ( using your own words )

If the market goes down, it means everything on the FTSE goes the same way.
FTSE slumps to triple-digit loss


re - I have proved you wrong this time

NEVER, my comments were related to the opening price after X - placing

so it was me who was right, do not ever forget

A good rant always brightens up the day when the screen is all red!!!
Interesting that your profile is also blank MRSI !!! Perhaps you are hlyeo also, just playing us all for mugs! ;o)

Sensible investors will take up their rights taking the long term view that LLOY will be around long after many of us are pushing up daises.

Halifax, I intend to be around a long time!

yes i remember halifax i think telling me that justyi and hyleo are the same crook, oops person.

hyleo just perks up when a share falls.....posts no info whatsoever so beware

Is the worse over or more pain on the way?
Some of the data is moving on the right direction.........

UK economy contracts by 1.9% in Q1 2009

Gross Domestic Product (GDP) contracted by 1.9% in the first quarter of 2009, unrevised from last months estimate.

GDP is 4.1% lower than the first quarter of 2008.

Output of the production industries fell by 5.3% compared with a fall of 4.5% in the previous quarter.
This was driven by manufacturing output which fell by 5.5%.

Construction output fell by 2.4% over the quarter, unrevised from the previous estimate.

Output in the service industries fell by 1.2% in the first quarter, down from a fall of 0.8% in the previous quarter.
The largest contribution to this decline came from distribution and business services.

Household expenditure fell by 1.2% and is now 2.8% lower than the first quarter of 2008.

Government final consumption expenditure rose by 0.3% and is now 3.5%higher than the first quarter of 2008.

Gross fixed capital formation fell by 3.8% and is now 8.3% lower than the first quarter of 2008.

The trade deficit in real terms decreased from 7.6bn in the fourth quarter of 2008 to 7.3bn in the first quarter of 2009.

Exports of goods and services fell by 6.1% while imports were down 5.9%.

The GDP expenditure deflator rose by 1.8% compared with the first quarter of 2008, down from 2% in the previous quarter.

Compensation of employees at current prices fell by 1.1% and is now 0.3% below the level seen a year ago.

Total gross operating surplus of corporations rose by 0.2% and is now 3.2% higher than a year ago.

Forgot to say:
LLOY is UP witht he market

THERE IS A NUTTER ABOUT
Any listening at your peril

Out today

INVESTORS CHRONICLE

Sell Eurasian Natural Resources at 590p
Sell Johnston Press at 26p

Buy Invensys at 243p
Buy Centamin Egypt at 82p
Buy Development Securities at 289p
Buy Prodesse at 435p
Updates:

Buy H&T Group
Buy Scisys

Sell Regus
Sell SQS Software

Company Results:

Sell Marks & Spencer -- BT Group -- Luminar

Buy ICAP -- Future Medical -- Mediterranean Oil & Gas --
National Grid -- Impax -- Northern Petroleum

        TODAY'S PAPERS

FINANCIAL TIMES

Citigroup looks to slash tech costs - Integration could save more than $1bn

Global electricity use forecast to fall - First decline since 1945, says IEA

China has long way to go to dislodge dollar - Beijing hopes to see US currency replaced

Lex: GMAC - Barely a whimper greeted reports the US stands poised to inject more than $7bn into GMAC as part of a new aid package that could reach $14bn

US unemployment - Forget lagging indicator nonsense, rising joblessness risks wreaking real economic havoc soon

Share issuance - There are many reasons to suspect that the current stock market rally is unsustainable, particularly if companies have to raise more equity

Chinalcos concession - Chinalcos concession on the terms of its rescue deal, allowing Rio Tintos investors a slice of the convertible bond, is a deft piece of legerdemain

Cable & Wireless - Now the incentive scheme has started to pay out, care is required to ensure managements incentives remain broadly in line with those of shareholders -

Sterling - The pound has had a good run this year, rising 9% since December, but the UKs currency was due for a correction, or at least a pause

British Land - One of the UKs largest real estate investment trusts hopes to be among the growing crowd of bottom-fishers looking to hook bargains

Singapore and Taiwan - Have we entered a period of Hedonomics, where all news is good news? Asian equities have added almost 60% in three months

Sony Corp - The consumer electronics and entertainment group plans to halve its roster of suppliers, but will it be able to make the changes quickly enough?

THE TIMES

Two investment consultants were arrested yesterday by police investigating an international fraud involving potential losses of 250m

UK credit rating threatened as debt hits 8.5bn

US to steer General Motors to bankruptcy

Premium Bars investors face Reuben wipeout

Former Xerox trainee takes over company

Art lovers swarm to pick up heirlooms sold off by victims of Bernard Madoff

Bank of England warns that lending to large and small companies remains weak

Bramdean starts countdown to break-up

Retail sales rise but job fears spell caution

Scottish and Southern calls for monopoly referral of Centricas plan to buy 20% stake in Britains nuclear industry from EDF

Tempus says hold SSE; buy Investec; Shanks Group has further to run

Comment:
Tullow Oil up on bid talk

Speculation that Avanti Communications will win a grant to design a satellitefrom the European Space Agency

Bet of the day: British Airways

Tiddler to watch - Western & Oriental

DAILY TELEGRAPH

Britain's prized AAA rating placed under review

Standard Life boss to join RBS board

Greenspan's fears ring true as BankUnited collapses

Rio Tinto investors call for changes to Chinalco deal

British Land suffers 4bn loss

TNK-BP profits fall $1.5bn after oil price collapse

QinetiQ cuts 400 UK jobs after drop in MoD budget

Apple's 'tablet' to rival Amazon's Kindle

Questor: Cape shares are up 143% but still look undervalued; time to move on from Gazprom, for the time being; SSL expansion plans mean the shares are a buy; JP Morgan offers a promising passage to India

THE INDEPENDENT

UK falls out of premier league of economies - In a humiliating move, Britain has been relegated from the premier league of economies by one of the world's leading credit agencies.

Police raid scheme accused of 50m 'scam'

Clarke quits M&B over hedging disaster

Restructuring firm reviews Borders UK's store portfolio

Writedowns and ad slump push Daily Mail group to 239m loss

Sunshine over Easter boosts retail sales by 3%

Rio deal takes another turn as Chinalco reviews its options

Horlick fund posts defence against rebels

THE GUARDIAN

Ratings agency downgrades outlook for UK economy

'Brutal' economic slump will slow UK recovery, says EIU - Housing market set to slow further and unemployment could rise to 11%

Mortgage lending decline dashes hopes of property market recovery

Retail sales rise 2.6% in year

Birthdays chain goes into administration

JJB may just survive 'against the odds'

Mitchells & Butlers boss quits as disastrous deal costs company 96m

Ryanair's Michael O'Leary calls for Aer Lingus to slash boardroom pay

Liddy quits as AIG boss

Rio Tinto hints at U-turn over China

Staff outraged as QinetiQ cuts 400 jobs

ICAP share sale nets 73m

DAILY MAIL

China JV speculation stimulates Altona Energy

SHORTERS

Where have they gone - to the bonfire burn, burn "hlyeo98" u scumbag

.............

" What amuses me is that in a share that regularly trades tens of millions of shares every day that doom mongers
like "hlyeo98" think they can affect the price of the shares.

What I do find troubling though is that there might be people out there who might believe and act on his "advice".
People like that should be banned, though it's gone downhillover the last year or two the Motley Fool was always
quite proactive in banning people like him and preventing them from panicking inexperienced investors into
selling when it was against their interest. "

Share price now 70p. When was the last time you could pick up Lloyds @ 38p? Take up the entitlement in full !

I'll second that, money in the bank and not too long to wait for it. It may take a month or two or three, but it will still be there. imo.

For those interested in making a few bob quick, PHTM is the share for today

Master RSI - 22 May'09 - 11:53 - 294 of 294 edit
KEEP AN EYE

PHTM 14 / 14.50P

Volume picking up with the share price rising aswell
Due for a turn around on the trend
Strong order book bid 1.1M offer 138K

Intraday Chart

3 month

5 days

3 month