FPC announce UK banks require additional £25billion in capital to be raised by end of 2013, individual bank capital requirements not yet calculated apparently!

ref post 4299
bollinger bands follow price movement. so price movement comes first.and bollinger follows.
buying on lower bollinger band level only without further confirmation from other indicators and other reasons is not to be recommended in my opinion.
regards
and good luck to all
jkd

Lloyds hires advisers on possible asset manager sale - sources

LONDON | Fri Apr 19, 2013 3:46pm BST

(Reuters) - British bank Lloyds has hired advisers for the possible sale of its Scottish Widows asset management arm, as it prepares for a likely regulatory demand to raise more capital, sources said.

UK banks are having to consider further disposals after the Bank of England said they must raise a total of 25 billion pounds of extra capital by the end of the year, to be in a position to absorb future loan losses.

RNS LLOY call general meeting to approve issuance of capital convertible shares.

ALLOTMENT AND ISSUE OF NEW ORDINARY SHARES

Further to the decision of Lloyds Banking Group plc (the "Company") to issue new ordinary shares to fund discretionary payments on tier 1 hybrid capital securities to be made during 2013, as announced in the 2012 Results News Release published on 1 March 2013, the Company now announces the allotment and issue of 712,973,022 new ordinary shares (the "New Ordinary Shares") of the Company at a subscription price of 49.090216488 pence per New Ordinary Share.

Based on the subscription price, the gross proceeds of the issue are GBP 350 million. The New Ordinary Shares being issued represent an increase of approximately 1.013 per cent. in the Company's current issued ordinary share capital. Admission is expected to take place, settlement to occur and dealing in the New Ordinary Shares to commence at 8.00 a.m. on 23 April 2013

Investec Hold 49.18 50.00 50.00 Reiterates

Shore Capital Buy 49.18 - - Retains

RBC Capital Markets Outperform 49.18 69.00 65.00 Reiterates

Lloyds Banking... Morgan Stanley Equal weight 49.18 - 53.00 Retains

Investec has kept its 'hold' recommendation and 50p target price for UK banking group Lloyds, saying that it unwilling to turn positive on the stock ahead of its first-quarter trading update on April 30th.

"Near-term, the dilutive trickle of new equity issuance continues, while the medium-term revenue/return on equity (RoE) outlook is too weak to support a price objective beyond 50p."

Harry next weeks IMS will determine the direction of their sp over next 3 months.

sp over 50p again.

Deutsche Bank Buy 49.84 49.13 64.00 64.00 Retains

See Chart Attack thread.

Lloyds' sale of bank branches to Co-op collapses - report

Wed Apr 24, 2013 1:52am BST
(Reuters) - Lloyds Banking Group's planned sale of over 600 bank branches to the Co-operative Group has collapsed after the latter decided it could not proceed with the 750-million-pound deal, the Financial Times reported on Wednesday, citing two people familiar with the situation.

The deal was meant to lift the Co-op's share of Britain's bank branch network to 10 percent from less than 4 percent and equip it to take on the country's "Big Four" lenders - HSBC, Barclays Royal Bank of Scotland and Lloyds itself.

Both Lloyds and the Co-op were unavailable to comment on the report.

SP back down expected after that news.

The official view :- LLOYDS BANKING GROUP UPDATE ON EC MANDATED BUSINESS DISPOSAL (PROJECT VERDE)

No problem then Skinny -): 100p by 8.05am.

Oops. Wrong thread.

Loads more shares in issue, collapse of the branch sale, four days 'til trading update and yet the sp moves up! Currently 53.4p.

Harry, In some quarters the thinking is that an IPO may now be a positive thing.

Clearly shareholders are happy about the collapse of disposal.

The branches worth more, and HSBC has been a buyer from the start ...