lloyds

too late now deadline was last monday

Deadline is thurs close

20,000 shares entitle you to 26,800 new shares at 37p a pop

sorry thought this was an x factor thread

I assume that the current price (95) will go down after the rights shares are assigned.
One might expect that the average price of LLoyds after14th December will be around 65p
At what point can U sell existing shares without effecting entitlement to rights issue?

so if the shares are going to be about 65p after the share issue and you can buy them for 37p,its pretty much a no brainer that you buy the max you are allowed or am i missing something ?

Gazo
Yes it's a no brainer to buy the rights issue.
Then the portfolio will be top heavy with LLoyds.

In an ideal world keep the 37p shares and sell the existing shares before they drop.
Not sure at what point I can do that.

Normal trading in LLoyds - incorporating rights, will begin on 14th Dec.

I think you have to hold the shares up to the point that price harmonisation occurs....otherwise everyone would be dumping them.

You get nowt for nowt

Hilarious.

Difficult period over the next 24 months

so what are the negatives to buying ?

You mean you are unaware just what a mess lloyds is in?

Are you suggesting that their takeover of HBOS, with the blessing of our distinguished PM who waived competition rules to enable it to go ahead,might not be quite the excellent deal our PM thought at the time?

people seem to be clueless as to what trouble the banks are in. re the pm - imo he knew full well what he was blessing. lloyds are now in no better position.

incidentally...

where i live hbos was the town's biggest employer, other than tescos.

they have this week given nearly the entire site their notice. merry christmas all..

I am sure i read, one of the top 20 safest banks in the world - National Australia Bank NABZY.PK
is sniffing around Lloyds to buy into.

No chance that will happen.