UK Financial Investments Ltd announced 19 July 2010 the appointment of Jim O'Neil as Head of Market Investments. He has been given overall responsibility for the Lloyds and RBS stakes, protecting the value of the taxpayer's investments. He joins UKFI from Bank of America Merrill Lynch where he spent 17 years most recently as Head of International Corporate Finance & Restructurnig Group. He is to develop and execute the strategy for divesting the stakes in these Banks. He is tasked with disposing of these stakes in an orderly manner. O'Neil is very highly regarded.

Hope he does a better job than Gordon did with our gold.
regards
jkd

and why not, his is not a difficult task once the sp has risen to 85p.

either jkd and smartyarse are the same person or if not there be some serious arse licking going on Me Old Son !

n
that seems to be and clearly is your opinion, to which you are entitled and entitled to air it.
no doubt the serious readers to this board will make up their own minds.
regards
jkd

StockMarketWire.com
"Part-nationalised bank Lloyds said this morning that the group returned to profitability on a combined businesses basis in the half-year to end-June, with profit before tax of 1.603bn (H1 2009: 3.957bn loss).

Statutory profit before tax was 1.296bn (H1 2009: 5.95bn which included the 11.173bn gain on acquisition of HBOS).

Lloyds reported robust gross lending with the Group extending 14.9bn of gross new mortgages to UK homeowners and 23.7bn of committed gross lending to UK businesses.

The Group said it delivered good revenue growth, lower costs and a significant reduction in impairment whilst continuing to build customer franchises. The cost:income ratio also saw further improvement to 43.5%.

85p Target Price seems a long way off folks ! Pmsl........

Charts are bollocks

Well, Sparge my Wort ! Brill set of figures. 1.6Bn vs 694Mn Est. SP up again & against a falling market. SP up 34.4% in past month. Only another 12p to reach 85p. Then its dilemma time - do I go for the Aston Martin or the Ferrari?

I'll Bet you your 'Dinky" Toy Ferrari its drops by 12p to 63p well before it gets 85p - You said last time it would be a 1 - Where do you live Planet SmartArse Roflmao.........

nordy nordy nordy - why do you get so upset when others make profits? I still stand by my 1 forecast which, as you well know, is for end 2010/Feb 2011.

Tricky one, as HMG's break even point is 74p, they will then bail out presumably, as I believe it is not their primary intention to make a capital profit. I still think in the short term (next 2 months) that it is going to struggle to get there & hold.

I love people to make profits - especially me, that why I bought below 60p last time and sold 1st thing this morning at 75p - Now I wait two weeks and get back in at 60p - its called 'Trading". Have to dash though, the slaves have just finished cleaning the pool ! Tally ho !

Harrycat. IMO I don't think UKFI are in an urgent rush to make disposals. Institutional Investors (specially Pension Funds) will be looking to take big stakes as we approach early 2012 when Divs can be reinstated. This will particularly assist the sp during H2 2011 & raise more cash for the Govt. UKFI will be under close scrutiny to ensure it receives a good price in return for the bail out. And remember, there will be no share dilution. Lastly, I agree 1 is optimistic, but I honestly beleive it is very achievable in the above time frame. Life is so much better when one is optimistic. Keep smilng & good luck!

Is someone Lying, telling porkies or just STUPID enought thinking posters will believe anything they say, like post 1953 and Biography of " nordcaperen" they seem just the same .........

Basic user information
MoneyAM Username:     nordcaperen
Real name: Ali Ali Akbar

Biography
Financial Advisor to Gordon Brown and his previous Labour Government. Made my first Million at the age of 14, smuggling illegal immigrants out of Vietnam. Now trade mainly for fun at one of the many Brothel come Casino's I own around the World, also engage in the odd Arms Shipment to keep head above water.

                           

btw
re - I love people to make profits - especially me, that why I bought below 60p last time and sold 1st thing this morning at 75p

If really sold, why wait till 10.13am to say so instead of the 1st post this morning?.

answer ............ BIG LIE
cought with the trousers down with no nickers and no willie either

Nordy - I'm not a day trader. Consequently my blood pressure is "normal" ......that is until the au-pair starts doing her bits. Phew!

Whatever ...... If it makes you feel better I'll get one of the Servants to pull up the contract notes and send you the numbers. And Master if you cant see I'm taking the piss with all my posts and my profile, then you seriously are in the wrong game - and why should I lie, the fact is, I am Considerably Richer than You are

re -LIES, LIES and more LIES

I do feel better, cos I know your game too well .

re : Have to dash

and 45 minutes later you are back

What about ..... If really sold, why wait till 10.13am to say so instead of the 1st post this morning?

I can not see a propper answer.

I do, cos at the opening was the high and when you post saying sold was at lowest point this morning



re - the fact is, I am Considerably Richer than You are

You wish, ....... only a cock ( with no willie ) would post that

sp 74p - only 11p to go now! LOL Must go - off to the pub for lunch. Doh! I mean the Cocktail Lounge

Harry Enfield I Think it was Me Old Son , But I am Considerably richer than You are - you peasant ! And I'm so sorry I didn't know I was only allowed to pop on here when you decide , not me ! Knob Head, go post some more pictures it seems its all your good at. Smarty - If you want to take my bet your welcome - and I'll do it for either the Aston Martin or the Ferrari. I doubt you could afford the Dut Caps but Hey Oh ! I'll take your money with pleasure.