any one got a feelling in their water how far LLoyds will go looking to to buy but just dont know when they are low enough

all square, my excuse is that couple we played are French and they drove us to golf, I was a nervous wreck!!!!

I take it with all the talk of golf you have all got out of LLOY while the going was good and are now waiting for Nationalisation. I see the Times are now calling for LLOY to be Nationalised before it destroys the rest of the banking and insurance sector.

Not really, I'm just waiting for an obvious sign for a short term trade, extreme sentiment either way.

I bet it falls to 48p again.

Lex in FT reckons that buying bank shares esp. Lloyds is not like buying an equity but like an option on whether the recession will be short or long

Has the tide turned? What is the confidence in this weeks announcement?

RBS figures out on thurs which will probably drag down the LLOY figures which are being released on friday, imo. However, no way of knowing if the probable bad news is already factored in the existing share price. Would not want to be holding shares in either later this week.

Feels like a sentiment change again, with investors keen to take a long position. But the swings in sentiment are so violent at the moment, wouldn't surprise me to see it change again. Fear and greed.

I'm still not convinced this rise is sustainable.

LLOY and RBS semi - nationalised and no dividends for the immediate future, the only bank worth buying is BARC with the likelihood of a dividend in September, HSBA has yet to come clean about its losses on sub prime lending in the US.

German bank Deutche Bank have cut their rating for Lloyds to sell with a 35p share price .

I agree they are still a sell.

Hmmmm

Lloyds Banking CEO: Still Think HBOS Buy Was Good Deal





LONDON -(Dow Jones)- Lloyds Banking Group PLC (LYG) Chief Executive Eric Daniels said Friday he still thinks acquiring the troubled, and now loss-making, HBOS was a good idea.

"We acquired GBP18 billion tangible assets for GBP8 billion, paid in shares. We bought it in the right part of the cycle, for a good price and we will create good cost synergies," Daniels told Dow Jones Newswires in a phone interview after the group released 2008 results.

Lloyds earlier this month warned the market that HBOS' losses would be higher than previously anticipated due to sharp increases in impairments on the corporate loan portfolio.

"We believe we have our arms around the problems in the loan portfolio," Daniels said Friday.

"We went through a rigorous exercise...In the corporate area we identified GBP40 billion in high-risk loans...loans that wouldn't meet Lloyds' risk criteria and that would normally be on our watch list," Daniels said.

The loans come out of a GBP117 billion portfolio of corporate loans, and Daniels noted that most of the loans are secured, "so you can't translate those into a loss," and that the bank has initiated an action plan to work through the loans with customers.

Does anybody think terms of insurance scheme will be worse than expected?I want to buy,but fear price could drop lower.

UPDATE: Lloyds Banking To Post Another Loss In 2009





(Adds details, market comment.)


By Ragnhild Kjetland
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- Lloyds Banking Group PLC (LYG) Friday said it expects the enlarged group will post another loss in 2009 after HBOS, which it acquired in January, posted a massive loss in 2008.

Chief Financial Officer Tim Tookey said, "We currently expect retail impairment levels to rise significantly in 2009, largely reflecting the expected increase in unemployment levels in the U.K. and the impact of further house price falls."

He added that corporate impairments will remain at the high levels seen in 2008 while write-downs on credit investments and on the investment portfolio are expected to be significantly lower.

I don't know why shareholders should be suffering...

just freeze all of Fred Goodwin's assets and all his cronies. He's so greedy that he would not part with a penny of his pension.

Furthermore his knighthood should be returned to the Queen. Don't tell me he wouldn't part with that either!

gold is the only place to invest your money in in troubled times like this and it is obvious that things will progressively get alot worse in the coming months ahead and we will more likely see the banks begging the tax payer for more bail outs--i hear from some very impeccable city sources that a major footsie company is on the verge of going bankrupt and several of the banks have considerable exposure and will suffer some huge losses..my advice is to stay well clear of investing in any of these uk banks until the overerall picture becomes much more stable--gold could yet outshine and go on to 1200-1400 dollars an ounce --we shall see!

blueface we love your rumours pray tell us the name of the footsie company about to go bankrupt?

Well I still reckon they will fall to 24p.

Holding at 40p at mo, you still think as low as 24p?