Hmmm......that would explain alot!

Well well, banks are WELL on the UP today

and LLOY 107.75p +3p

wow 700p to 108p very good.

TANKER

re - very good.

If you are the type of investors forgeting to put a stop loss, or not seeying the economy is going down, just blame yourself.

It is very good for me, considering the share price is double of my buying price

likewise bought in at 42p

You have to feel sorry for Tanker if he stupidly bought LLOY at 700p.

no i did not 366000 at avge 75p i amlooking at the pensioners that do not look at markets like myself and invested there cash for divs poor people will be dead before they get a div

Quite right Tanker Not pensioner but did invest for divi, thankfully not at 7 so hopefully will still be around when break even/get divi but I'm sure some much worse of than me!

Further rise today with the market, wonder if it will do a new BREAKOUT today

LLOY 111p is outperforming RBS 56.60p lately and is now close to double on the share price

------------------------------Intraday --------------------------------------------------- 3 month ------------------------

    

E DANIELS is so good he can not even make a decision after twelve months he must go

Thurs, 17th 7pm.
By Myles Neligan
LONDON (Reuters) - Regulators have set tough conditions on Lloyds Banking Group's mooted exit from a government scheme to insure it against credit losses, making its departure less likely, a source familiar with the matter said.

The source said the Financial Services Authority had told Lloyds it must raise more capital than the bank had expected in order to dispense with the protection offered by the scheme.

The capital target is "a number that is higher than they might have expected," the source said.

The Times newspaper earlier reported the sum required is regarded by the FSA, the Treasury and the Bank of England as "unfeasible."

Industry sources said last month that Lloyds was mulling raising fresh capital to reduce its reliance on the so-called asset protection scheme, encouraged by an improved outlook for bad debts.

Lloyds said in March that it would hand 15.6 billion pounds in shares to the government in return for insurance against losses on 260 billion pounds of toxic debt-backed assets, but final details of the program have not been agreed.

Proposed Potential Participation in GAPS (Lloyds)


TIDMLLOY

RNS Number : 2839Z
Lloyds Banking Group PLC
18 September 2009

?



84/09
18 September 2009


LLOYDS BANKING GROUP PROPOSED POTENTIAL PARTICIPATION IN THE GOVERNMENT ASSET
PROTECTION SCHEME
Lloyds Banking Group (Lloyds) notes recent media speculation regarding its
proposed potential participation in the Government Asset Protection Scheme
(GAPS). Lloyds is continuing its discussions with HM Treasury with respect to
its possible participation in GAPS. However, in light of improving economic
conditions and the results of Lloyds' detailed reviews of its loan portfolios
and their expected performance, Lloyds and HM Treasury are discussing possible
changes to the commercial terms on which Lloyds might enter into GAPS from those
announced in March 2009, including the possibility of reducing the amount of
assets covered by the scheme.


Lloyds is also considering possible alternatives to entering into GAPS and is in
discussions with HM Treasury, UK Financial Investments and the Financial
Services Authority in this regard. All possibilities remain open and, as part
of this process, Lloyds is focused on ensuring that any potential alternatives
to GAPS would be in the interests of shareholders and other stakeholders.


A further announcement will be made as soon as practicable.







Lloyds Banking Continues Talks With HM Treasury Over GAP





LONDON -(Dow Jones)- U.K. Bank Lloyds Banking Group PLC (LYG) said Friday it is continuing discussions with HM Treasury with respect to its possible participation in the Government Asset Protection Scheme, or GAPs.

MAIN FACTS:

-Lloyds and HM Treasury are discussing possible changes to the commercial terms on which Lloyds might enter into GAPS from those announced in March, including the possibility of reducing the amount of assets covered by the scheme.

-Lloyds also considering possible alternatives to entering into GAPS and is in discussions with HM Treasury, U.K. Financial Investments and the Financial Services Authority in this regard.

-All possibilities remain open and, as part of this process, Lloyds is focused on ensuring that any potential alternatives to GAPS would be in the interests of shareholders and other stakeholders.

Lloyds Says Considering Alternatives To Government Asset Plan





By Digby Larner
Of DOW JONES NEWSWIRES

Lloyds Banking Group PLC (LYG) on Friday moved to dispel media speculation that stress tests have showed the bank won't be able to back away from full participation in the U.K. government's asset protection scheme.

The bank said it's still in talks with the U.K. Treasury about possibly joining the plan.

"However, in light of improving economic conditions and the results of Lloyds' detailed reviews of its loan portfolios and their expected performance, Lloyds and H.M. Treasury are discussing possible changes to the commercial terms on which Lloyds might enter into GAPS from those announced in March 2009, including the possibility of reducing the amount of assets covered by the scheme," the bank said.

It said Lloyds is considering possible alternatives to the plan.

"All possibilities remain open and, as part of this process, Lloyds is focused on ensuring that any potential alternatives to (the Government Asset Protection Scheme) would be in the interests of shareholders and other stakeholders," Lloyds said.

The Wall Street Journal reported Thursday that the U.K.'s top financial regulator has determined that Lloyds most likely wouldn't be able to raise enough capital from private investors to bolster its finances, greatly reducing its prospects of backing away from a government asset insurance plan, citing a person familiar with the matter.

The Financial Services Authority has been "stress-testing" Lloyds's books to determine how much capital it needs to weather a recession and a portfolio of bad loans, the person said.

The tests come after Lloyds Chief Executive Eric Daniels said last month that the worst was behind the bank, and he suggested that it might not need the government asset insurance plan that could require it to surrender a majority stake to the state.

Another person familiar with the matter said Lloyds wants to back away from government insurance plan entirely, citing an improved economic outlook and stronger share price since the bank agreed to the plan in March, the Wall Street Journal said.

The asset-insurance plan was drawn up by the U.K. government earlier this year to ring-fence banks' bad assets. Lloyds in March agreed to insure a pool of roughly GBP250 billion ($412.6 billion) in exchange for a fee and a larger government stake. Lloyds is already 43% state-owned after a government bailout last fall.

To cover the cost of joining the GAPS, Lloyds has said it would have to issue further shares that could take the government's stake in the bank to more than 60%.

Lloyds shares closed at 110 pence Thursday.

You can't help getting the feeling LLOY are playing for time as the world economies pick up and their bad debt position becomes more transparent. They obviously want to avoid any further goverment intervention at all costs....and who can blame them.

It appears to me that gov &/or FSA [where did they find the current boss] are trying to tax Lloy punitively to ensure that it is forever semi nationalised. Can't they see that restored to independance they would receive lots of luvly corporation tax and income tax [paid on large bonuses no doubt & a little by you and me].

Does anyone there realise how short the distance between a price of 110p current and 122p and how easily it could be bridged? no doubt I am tallking nonsense, which some kind person will point out.

Tipton

The Companys investments were .
Security Security Country Valuation Weighting
Type Name %
61,696 Equity BP Global Financials-A Class Ireland 2,631,371 13.6
6,397,274 Equity URSA Bank Russia 1,247,946 6.5
81,285 Equity Bank Vozrozhdenie Russia 697,393 3.6
114,739 Equity Bank of America Corp USA 688,124 3.6
1,494,233 Equity Royal Bank of Scotland Group UK 624,589 3.2
277,820 Equity Federal Bank Ltd India 573,385 3.0
15,105 Equity BNP Paribas France 543,778 2.8
54,446 Equity UBS AG Switzerland 528,984 2.7
464,598 Equity Lloyds Banking Group plc UK 519,885 2.7
76,664 Equity Banco Santander SA Spain 498,495 2.6

Bumper Lloyds cash call could close market

what a load of shite running this bank and now we have a chairman who is a idiot and loser you will find he does not do a lot and i know. but he wil be dead and buried in a few years

The new chairman is a highly rated and respected banker, don't be surprised to hear a massive deal is arranged to resolve the impasse with the goverment.

he is a loser ask any one who worked at citi . he is just part of the banking gang not that means you do not have to be bright just have connections