Oh no. I never make those kind of predictions! I try & post other (informed???) opinions from reputable sources, but if I mention a resistance/support price it's only from the graph analysis.
Just to put 10-15p upside in perspective though, gives you 12-15%! Not good enough???

Time for action and put that FILTHY COW ( marni ) on her place

       

We knew you were a FILTHY COW ( marni ) but no a FAT one aswell

you never got my good side on the pic

re - you never got my good side on the pic

Glad it is covered

You got on with life and lost a lot of weight since.
We know why.........

what is wrong with the govt? the implied guaranttee has cost nothing so far; Lloy are anxious to gain independence why not let us off the hook, they will get back all the money paid so far to LBG, while lots of luvly tax will begin to flow day after day, week after week, month after month into treasury coffers or am I the only one that thinks screwing the last penny out of the Coy is not the way to return it to independence.

Lloyds nears 20 billion injection
Thu Oct 29, 2009 5:00pm

Lloyds set to sell key parts of its business - report

EU exec to decide on Lloyds overhaul in coming weeks

A Treasury official likewise said talks with Lloyds were continuing and no decisions had been made.

The Treasury has given Lloyds the go-ahead to explore market sentiment and reassure it that private investors are willing to bear the risk of its massive capital addition, two sources familiar with the matter said on Thursday.

"They have been given the go-ahead (to find out) whether they can get it done and underwriters need to explore whether they can deliver," one of the sources said.

"The government is conscious of the risk and if they believe it's too high they won't give them the go-ahead ... the second gets answered by the first," the source said.

The bank has yet to officially mandate the banks it has lined up for the rights issue: UBS (UBSN.VX), Bank of America Merrill Lynch (BAC.N), Citigroup (C.N), Goldman Sachs (GS.N), JP Morgan Cazenove (JPM.N) and HSBC (HSBA.L)(0005.HK).

Markets have been bracing for wild swings in Lloyds's share price, with stock lending -- an often-used indicator for short-selling -- rising sharply this month.

From SKY news...............

The agreement would involve the sale of Lloyds TSB Scotland, Cheltenham & Gloucester (C&G) and Intelligent Finance (IF), it is understood.

This could affect thousands of customers at C&G's 164 branches, Lloyds TSB's 185-strong network, plus internet account holders with IF.

The EU competition watchdog has been scrutinising Lloyds' business to ensure the bank, which was bailed out by the UK government last year, has not gained an unfair advantage over its competitors.

The news follows a Lloyds statement updating the markets on the bank's ongoing attempts to withdraw from the Government's toxic asset insurance scheme.

Sky News City editor Mark Kleinman said: "I understand that Lloyds is close to an agreement with Brussels to sell its Lloyds TSB branch network in Scotland, the Intelligent Finance online banking subsidiary and the Cheltenham & Gloucester branch network.

"In Lloyds' statement, it did not name those particular assets but it has said it does not believe that any potential disposals will have a material affect on the group's finances.

"This will be seen as good news by Lloyds investors as it makes it more likely that Lloyds will be able ultimately to escape the Government's Asset Protection Scheme."

On Wednesday, EU regulators paved the way for part of Northern Rock to be sold off - with the likes of Tesco, Virgin Money and National Australia Bank thought to be interested.

Any sell-off would lead to a major shake-up of high street banking in the UK - but Kleinman said it was too early to say whether there will be job losses.

Kleinman added: "The Government and Brussels are trying to encourage more competition in the UK retail banking sector.

"This means if you carve out Cheltenham & Gloucester, Intelligent Finance and and TSB in Scotland, you've got a potentially powerful competitor that could be taken over by one of the aspiring newcomers in the UK banking market.

"It's too early to say what this will mean to staff and customers given it's not yet a formal agreement between Lloyds and the European Commission."

From the Wall Steet Journal

The Deal to Save Lloyds

BY SIMON NIXON
Nearly there? Lloyds Banking Group has confirmed it is now a whisker away from pulling off a Houdini-like escape from the U.K. government's asset protection scheme. If it succeeds, it will be a triumph of high finance, low politics and the determination of Prime Minister Gordon Brown and Lloyds boss Eric Daniels to avoid unpicking the disastrous takeover of HBOS they agreed at the height of the financial crisis last year.

Key to the Lloyds escape strategy has been an intense rearguard action to prevent the European Union forcing the sale of its Halifax branch network. Without the Halifax ...

What could be left with

Lloyds TSB
A business with 17m personal customers, 2000+ high-street branches, 800,000 business accounts and nearly 70,000 employees.

Halifax and Bank of Scotland

Scottish Widows

Birmingham Midshires

Advisory Sales

Bank of Scotland Investment Service

esure

HBOS Financial Services

Clerical Medical,

Stal

From Reuters update ............

Lloyds finalises $33 bln capital plan, shares jump
29 Oct 2009 - 16:26

By Myles Neligan and Douwe Miedema

LONDON, Oct 29 (Reuters) - Lloyds Banking Group Plc inched closer to plugging a capital gap of more than 20 billion pounds ($33 billion), boosting the British bank's shares on prospects a deal could happen before the year end.

In a sign it is getting more confident, Britain's biggest retail bank said it was in "advanced discussions" with regulators to stay out of a government-backed scheme to insure bad debts, sending its stock up 8 percent.

The bank for the first time confirmed widely reported details of its ambitious plans -- including one of the world's largest-ever rights issues and a debt swap -- to help it avoid harsh European Union anti-trust sanctions.

"The comments today provide comfort that the group will not be broken up and that any restructuring initiatives will not be particularly material to group earnings or capital," said Joe Dickerson, an analyst at brokerage Execution.

The bank is keen to announce its plans to raise capital at the same time as any sanctions it faces from the EU, after the UK scooped up a stake of 43 percent in the bank in last year's bailout, sources close to the situation have said.

Sky News reported that the bank was close to agreeing a deal with the EU to to sell its Cheltenham & Gloucester branch network. The deal would also involve Lloyds TSB Scotland and internet bank Intelligent Finance, Sky said.

Lloyds's comments came as Ireland's finance minister sought to downplay worries about a delay to his 54 billion euro bad bank plan, saying it could still proceed on schedule unless parliament gets bogged down in a lengthy debate. [ID:nLT287293]

Lloyds shares had lost ground this week as the market feared an order from Europe's anti-trust regulators for Dutch bancassurer ING to break up its business after receiving state aid set a harsh precedent for the British bank.

By 1309 GMT, Lloyds stock was up 7 percent at 85.62 pence, outperforming a 3.5 percent rise in the DJ Stoxx European banking sector index < .SX7P> and rebounding from Wednesday's lowest close in more than three months.


FINAL DETAILS

Lloyds hopes to launch its plans next week, if it gets approval, Reuters reported last week, quoting sources close to the situation. That would enable it to raise the money before Christmas, its preferred time schedule. [ID:nLN139980]

On Thursday, sources familiar with the matter gave new details of Lloyd's campaign to stay out of the APS.

It has lined up a mandatory convertible bond of 2 billion pounds and a series of actions agreed with the Financial Services Authority, they said, such as cost cuts and a reduction of risk-weighted assets.

It also plans a rights issue of 12 billion pounds and contingent capital -- "top up" hybrid capital that changes into equity if the bank hits trouble -- of 7 billion pounds, bringing the total to well over 21 billion pounds.

Lloyds declined to comment.

The bank has yet to receive the green light from regulators to stay out of the APS plan and absorb any further losses on toxic assets without state aid. It said in March it wanted to insure 260 billion pounds worth of assets under the scheme.

"There can be no certainty at this stage that any alternative to (the government insurance scheme) will proceed. All options remain open," Lloyds said.

A Treasury official likewise said talks with Lloyds were continuing and no decisions had been made.

The Treasury has given Lloyds the go-ahead to explore market sentiment and reassure it that private investors are willing to bear the risk of its massive capital addition, two sources familiar with the matter said on Thursday.

And more ..............

Update: Lloyds soars on fundraising talks

Rhian Nicholson

Shares in Lloyds Banking Group (LLOY) soared by as much as 11% on Thursday after the group confirmed it is in "advanced discussions" with the government and regulators over alternatives to its participation in the Asset Protection Scheme (APS).

The bank, which is 43% owned by the taxpayer, is looking to raise around 25 billion through a rights issue of around 12 billion and a debt swap.

These alternative proposals would meet the FSA's requirements for stressed economic conditions.

"There can be no certainty at this stage that any alternative to (the government insurance scheme) will proceed. All options remain open," Lloyds said in a statement.

Vicky Redwood of Capital Economics says: "It is clearly encouraging that conditions have improved sufficiently that the banks no longer think that they will make significant losses on their toxic assets. It is also positive that markets' risk appetite, as
well as confidence in the banking system, has increased enough potentially to support such a large fundraising."

Analyst Nic Clarke of Charles Stanley adds: "Although we do not know what path Lloyds will eventually take the very fact that it has been able to gain sufficient provisional support from the market to launch a massive rights issue does show just how far the banking sector has come in a matter of a few months.

"Indeed, the fact that the fees for the APS insurance are deemed to be 'too expensive' reflects the improvement in the so called 'toxic' asset pools. But if Lloyds does not participate in the Government APS then it does shift uncertainty and therefore potential volatility back to the banking sector, given the unclear economic outlook, which the APS was designed to sterilise," he concludes.

If Lloyds does not enter the government asset protection scheme it will be expected to pay the Treasury a fee in recognition of the value of the implicit guarantee Lloyds has benefited from since the toxic asset scheme was announced.

The bank has also announced that it is in advanced discussions with the European Commission over the terms of a restructuring plan to address the 17 billion of state aid received by the group.

It says it is confident that "the final terms of its restructuring plan, including any required divestments of assets will not have a material impact on the group".

Sky News reports suggest that the agreement could involve the sale of its 185-branch Lloyds TSB Scotland, its 164 branches of Cheltenham & Gloucester and Intelligent Finance.

Mounting concerns

Lloyds' share price has been hammered in recent weeks by concerns that the European Union could impose severe restrictions on Lloyds in return for its state aid lifeline following the harsh penalties imposed on Dutch banking group ING earlier this week.
Commissioner Neelie Kroes has demanded that ING, which received a EUR10 billion hand-out from the Dutch government a year ago, sell its insurance business, slice 40% off its asset base and launch a 7.5 billion rights issue - a decision which shocked investors.

Lloyds' rights issue would therefore shore up its finances and prove it has sufficient capital to avoid the government's asset protection scheme, which could put it in a more favourable light in Brussels when it comes to imposing penalties.

Paul Mumford, senior fund manager at Cavendish Asset Management, believes that shareholders and institutions will be "broadly supportive" of a Lloyds rights issue.

"Given Europe's tough stance on ING and concern over banks in receipt of state aid, a rights issue at Lloyds may help soothe some of the fears the Commission has on competition grounds. Some threat still remains, due to the sheer size of the newly merged Lloyds/HBOS, yet investors are likely to respond favourably to the opportunities the rights issue may present for the future.

He says the move could pay dividends in the long-term. "By avoiding the APS, Lloyds could find itself in a position of considerable flexibility and strong capitalisation. In time, that excess could be put to good use, enabling the bank to reduce the state's holding by buying out all or part of its stake," he adds.

My dear Gays,
Please push the price down, my limit is not filled!

My dear " ahoj " real name "A H"

Phone your brokers and tell them to raise you limit before is too late

Lloyds upgraded to neutral from underperform at Credit Suisse, TP raised to 95p from 55p.

Lloyds mulls 12 billion cash call -- Fri 30 Oct, 2009 12:09
By Myles Neligan and Raji Menon

LONDON (Reuters) - Lloyds Banking Group (LLOY.L) was on Friday talking with key shareholders to gauge investor appetite for a potential 12 billion pound cash call, one of the biggest on record.

The part-nationalised lender approached its shareholders on Thursday, investor sources said, and hopes to complete the bumper rights issue before the Christmas holiday.

One top ten Lloyds investor said the participation and scrutiny of the government, which owns a 43 percent stake in Lloyds, made it more likely the fundraising would succeed.

"We have to assume they would have passed it by the FSA (regulator), by the Treasury and got it approved by the Bank of England, and the government is putting its hand in its pocket, so there is a high degree of testing by interested parties who wouldn't want egg on their face," the investor said, speaking on condition of anonymity.


The share sale would have to be priced at a discount of at least 40 percent, given the amount of capital being raised and uncertainties over the bank's future prospects, analysts said.

"What I'm hearing is it will be at least 40 percent," said one analyst who asked not to be named.

"It would have to be a big discount for such a huge amount of capital, and given all the uncertainty around it. So I think 40 is a reasonable number, it might be a bit more than that."

The country's biggest retail lender needs the money to fund its exit from a costly government scheme to insure it against credit losses that the bank hopes will prove unnecessary following an improvement in market conditions since the asset protection scheme was drawn up in March.

In all, the bank is looking to plug a capital gap of more than 20 billion pounds using the rights issue, fresh hybrid capital and a convertible bond. It said on Thursday that talks on exiting the protection scheme were well advanced.

Lloyds shares were up 4 percent at 89.4 pence by 11:10 a.m. British time, extending Thursday's gains of around 8 percent after the bank said EU regulators investigating its reliance on state aid would not impose draconian penalties.

Lloyds is close to a deal with the European Commission under which it would sell Lloyds TSB Scotland, its Cheltenham & Gloucester branch network, and internet banking unit Intelligent Finance, two sources familiar with the matter said.

"There's a bit of relief in there. It's a clear story now: The Commission won't require as much in the way of disposals as feared," the analyst said.

The EU-mandated break-up of Dutch bancassurer ING earlier this week stirred fears that it might be forced to dispose of its much bigger Halifax mortgage business, triggering a steep fall in its share price.

The shareholder who spoke to Reuters said that despite the amount of capital being sought by Lloyds there was a case for investing, particularly if one believes the economy is stabilising.

"It has a good franchise, good brand, it is well-placed to benefit from the turnaround," the shareholder said, but cautioned nobody yet knew what the likely extent of losses on bad loans would be.

"If anybody thinks they can guess impairments with any certainty, then they have an insight into the future."

thanks for all the info, master

FTSE well down now by 30 points and LLOY loosing much of the early gains, though still on the blue

Intraday
               
1 month
               

                       AFTERNOON FUN

       

Hi all
A couple weeks ago I said something about a FANTASY PORTFOLIO - BIG GAINS FOR 2009 A thread that I started back in February and finished end of July with the selection of 10 shares.
As at the end of each month I look at the valuation and posted at the Thread, I decided to posted here aswell, just in case you have nothing to do, so you have the time to look at and maybe complain about not doing good enough.

VALUATION at 30 OCTOBER FANTASY PORTFOLIO - BIG GAINS FOR 2009 1 BVC 41,450 53.50 22,175 + 121.75 2 LLOY (1)19,172 87.03 16,685 + 66.85 3 SPT 24,922 91.75 22,865 + 128.65 4 BP. 2306 572.30 13,197 + 31.97 5 AFR 67,226 87.00 58,486 + 484.86 6 INCH 55,555 29.35 16,305 + 63.05 7 SKR 63,795 33.00 21,052 + 110.52 8 RCG 18,735 81.25 15,222 + 52.22 9 CFM 91,954 19.75 18,160 + 81.60 10 YELL 36,866 51.25 18,893 + 88.93 TOTAL 100,000 223,045 + 123.04 (1)Ajusted for cap. and placing