anything is better than a racist!

go back to argentina

Lloyds mulls asset scheme exit

LONDON (Reuters) - Lloyds Banking Group said it was still assessing ways to exit or reduce its participation in a state scheme to insure its toxic assets, after reports it plans to raise 25 billion pounds.

The part-nationalised bank will struggle to leave the asset protection scheme (APS) altogether and a lot depends on whether regulators see its plan as too risky and on the remedies imposed by European competition authorities, analysts and investors said.

"It is feasible that Lloyds could raise 25 billion pounds through, for example, 10 billion pounds of asset sales and liability management, and a 15 billion pound rights issue with UKFI (UK Financial Investments) subscribing to just over half of that," said analyst at Credit Suisse.

"But execution risk is likely to determine whether this is allowed...we still think that Lloyds will struggle to escape APS altogether, with a marked reduction in participation most likely," it added.

By 11:24 a.m. British time, Lloyds shares were down 3.24 percent at 92.5 pence, the biggest faller in the FTSE 100 share index.

"There are a range of options available to us and we continue to monitor them," a Lloyds spokesman said. "We issued a stock exchange announcement two weeks ago and our position has not changed since then."

Lloyds said on September 18 it was in talks with the government and financial regulators over possible alternatives to the scheme and that all options were open. Lloyds will insure 260 billion pounds of risky assets under the APS, but it is regarded as an expensive option.

Lloyds was gauging appetite for a bumper rights issue of as much as 20 billion pounds to allow it to avoid the 15.6 billion pounds in fees it would have to pay in order to take part in the scheme, Reuters reported in August.

Lloyds was now sounding out investors about a 15 billion pound rights issue so that it could avoid the scheme, the Financial Times reported on Thursday. It has presented the Financial Services Authority with a plan to raise a total of 25 billion pounds through a rights issue, asset disposals and other measures, Sky News said.

A top 10 investor, who asked not to be named, said the bank appeared to be gauging appetite for its various options.

"I think it's kite flying -- this a very substantial amount of money and they are supposedly sorting out the APS and I would think they would need to make some big changes," he said.

UKFI SUPPORT?

A key issue will be whether a rights issue is supported by UKFI, the body that holds the government's 43 percent stake in the bank, the investor said.

A 15 billion pound rights issue would entitle the government to buy up to 6.5 billion pounds in the offer, or pump in less cash and see its stake diluted.

"Watching this evolve from the sidelines is probably sensible," the Credit Suisse analysts advised clients.

They said a rights issue could be supplemented with 10 billion from asset sales and management of existing liabilities.

But another risk is how European regulators will respond to any reduction in state support and what remedies Brussels is likely to impose on the bank.

The European Union's antitrust chief Neelie Kroes said late last month that Lloyds would need to shrink its activities to compensate for its bailout by the British government.

Lloyds will have to weigh up whether the risks involved in staying out of the scheme and the resulting loss of government protection will be sufficiently offset by what it hopes will be more lenient treatment from EU antitrust authorities.

re - go back to argentina

You must be not only a COW but a silly one, if taking notice of someone on the bottle and guessing.

The further south I have been in AMERICA, was Trinidad and Tobago, and then Caracas, just is case you do not know is the capital of Venezuela ( British are not good in Geography, I know that for some time ), and is the TIP North of South America, Argentina is on the South part. The cruise liner took me all the way from Maimi for a 14 days cruise around the Caribean SEA.

Here you know a bit more of me but not yet where I am from.

And also Argentina had a real Lady with EVITA Peron and envy for any silly Cow like you.

peron was a stupid bitch

oh yeah master(bator) mrsa (bacteria)......you cant spell to save your life.
wherever you come from obviously dont have schools

Marnithe Master is from Palestinehe even wears desert bootssmokes camel cigarettesand has always got the humpall the clues are thereadd to that he gets his cartoons from a Palestinian National Authority web sitethere are some other small clues?

"By 11:24 a.m. British time, Lloyds shares were down 3.24 percent at 92.5 pence, the biggest faller in the FTSE 100 share index"

Hows the chart looking Mr Tosser , you sold yet or don't you believe in stop losses in which case you must still be holding all the duds you mention ?

Straight answer would be nice.

dil

he also predicted altona yesterday to go up.....and id did! but margins are 0.25p anyway so he wouldnt have gained by buying.....but cos he thought it would go higher i think he must be holding.....but sp fallen again........so thats another share to add to his list

master must have most of the stock market by now!

POST 1001. POST IS IT TIME TO BUY.

Dilwhen people get things wrong in conversationsthe recipients love to tell you in no uncertain terms of your errorsa very handy tactic in deducing informationand a ploy I use myself on many occasionsyou have him at 40-15...I give him 15 for the cheap jokesorry sheep joke the Master is more snappy than Crocodile Dundeeand very easy meatAs-Sul?a Al-Wa?aniyyah Al-Filas?iniyyahI actually dont mind him in a funny sort of waybut he has a lot to learn about British peopleits unusual I agree with you maybe a first?but you have sussed him completelyas i did...

with the likelihood of a share issue getting ever nearer wait and see seems appropriate at the moment.

it cant be easy for master mrsa though to check out lloy, anr, vog etc over and over every 30 mins and still try to make posts and do research.........phew thats slave labour

halifax the speccy chap on tv ads

i thought u were advising everyone to buy this crap........ah u another that changes tact after sp falls a lot

marni ever heard of trading?

yes i buy my shopping in supermarket

err, u were the idiot predicting this would be 2 quid soon

remember this crap bank was 9 quid a decade ago! which was miles before credit crunch..........management is shit

From J Pierce of Credit Suisse:
"What does that do to the numbers?
In totality then, we believe it is feasible that LBG could raise 25bn through, for example, 10bn of asset sales and liability management, and a 15bn rights issue with UKFI subscribing to just over 6bn of that. But execution risk is likely to determine whether this is allowed.
Overall, we still think that LBG will struggle to escape APS altogether, with a marked reduction in participation most likely. But it is increasingly difficult to analyse this bank right now and hence we stand by recent comments that watching this evolve from the sidelines is probably sensible."

        JOKE OF THE DAY

"marni" has gone barmy

no site of husband
since she is banned

from entering the bed side
without the cow's gown



marni
If have you keept personal things personal, ( instead of advertising them around every thread, posters would not take the piss of it now )

NRSA,

I think you would be a little wiser to read postings a little more carefully than jumping to conclusions.

At the moment I prefer to observe the comments on this thread.

But the remarks you make are representative of how you view the world.

It seems to ne your view is a little bleak and miserable, not like your short term views on LLoy.

Ah Well.

Not squelching you yet, but it will be satisfying if I do so.

If you can, have a nice evening,

Fred the new poster

re - It seems to ne your view is a little bleak and miserable,

For being new it seems you want to enter the fray and change and twist but not for me, I am not BOTHER about your explanation, it was pretty clear.

Well here it is cos I am able to take the piss of almost everybody here, there is for a good reason, I am happy with my own research and trading, yes almost every day I am trading several times, and I can tell you I do not like to sell at a loss.

So below is the ranking for the week so far at "UPS" thread, I already took profits on some of the the 6 shares that I selected and bought during the weekRanking at close of play Thusday 8 SOU 1.60 2.825 76.56 robbi123 1 BPC 3.875 4.875 25.80 Master RSI 2 MWA 13.50 16.00 18.51 panamabob3 3 VGM 1.35 1.56 15.55 OneEyedJack01 4 CHL 98.50 113.75 15.48 gushing 5 TNZ 16.75 19.25 14.92 OneEyedJack01 6 TLDH 11.75 13.50 14.89 Elland_Road 7 TMC 40.50 46.25 14.19 rutty74 8 INCH 27.96 31.60 13.01 Master RSI 9 CAL 32.875 37.00 12.54 Master RSI 10 NASA 9.125 10.00 9.58 Still Waiting 11 ANR 4.00 4.30 7.50 Master RSI 12 ANGM 3.50 3.725 6.42 figure6 13 VOG 5.875 6.20 5.53 Master RSI 14 OBT 18.50 19.50 5.40 robbi123 15 PRL 4.70 4.95 5.31 robbi123 16 IFL 48.125 50.50 4.93 Master RSI 17 VGM 1.35 1.375 1.85 OneEyedJack01 18 FUM 37.00 37.25 0.67 codhead1 19

i see vog and anr on the list............maybe dil can give you a proper analysis of recent share price

well it seems you are annoying most people on various threads master.........i quite like dils nickname for you but i am too polite to resort to that.