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Burton-Brewers
18 May 12 12:33
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Date Joined: 01 Feb 12
| Topic/replies: 18,524 | Blogger: Burton-Brewers's blog
guys do you think these are going to drop anymore?

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Replies: 47
By:
Whippet
When: 18 May 12 18:21
could easily test 21p again imo. might go even lower if the eurozone goes belly up. difficult one to call as it depends what the entire market is doing.
By:
Burton-Brewers
When: 18 May 12 19:03
down nearly 5% again today @ 26.32 but I am buying £1000 worth on Monday. I'm planning on keeping them for 5 years anyway. Also thinking of £1000 in Vodaphone and £1000 in BP. Read that book you suggested Whippet, really enjoyed it. Wish a few more were so helpful.
By:
G1_Jockey_4
When: 20 May 12 21:06
youll be lucky to get a grands worth at the current price tomorrow.
By:
Burton-Brewers
When: 21 May 12 15:00
26.58
By:
G1_Jockey_4
When: 22 May 12 15:21
im back in.

wanted to see a little confidence.
By:
Burton-Brewers
When: 22 May 12 19:50
you've caused a stampede, up 4.5% today
By:
Burton-Brewers
When: 13 Jun 12 22:39
might crack 30p tomorrow Jockey
By:
Burton-Brewers
When: 15 Jun 12 18:10
31.30 today jockey, next stop 40p
By:
Burton-Brewers
When: 21 Sep 12 17:44
hope your still holding Jockey, gone through 40p today
By:
G1_Jockey_4
When: 11 Oct 12 10:36
yes still holding mate.

sold out a few near 40p but still got over 12k shares bought at around the 30p mark
By:
RLKingPunter
When: 01 Nov 12 02:27
results out today, would love to hear one word.........dividend
By:
EvgenyKissin
When: 01 Nov 12 12:22
Yes RKP. They haven't paid one for ages!
By:
RLKingPunter
When: 01 Nov 12 17:29
up 8% ! and thats without a divi.
By:
Burton-Brewers
When: 09 Jan 13 18:52
53p today so doubled my stake in just under 8 months
By:
carlos monzon
When: 10 Jan 13 14:25
Fair play lads. Very very well done
By:
EvgenyKissin
When: 19 Feb 13 00:54
Sorry - I should have realized. The reason it can't pay a dividend is because it's still partly owned by the state. Therefore ESMA says 'NO'.
By:
GAZO
When: 15 May 13 12:43
how long before george sells,very near the break even point
By:
VCM
When: 15 May 13 20:07
Surely with such a massive government stake the sell off has to be very carefully managed?

Thought I heard the plan was to pay a Dividend again in 2015.  Shares are still a buy imho, even though they doubled in value last year.
By:
bongo
When: 15 May 13 21:51
Well done to that man Burtons - get him a job in the Treasury
15/05/2013 - LLOY.L is at 59.37p

When to sell is difficult question for Osborne ( assuming he will get a say in it )? Ego says you'd like to say you made a profit. Something to boast about at the next election. Psychologically one of the hardest things to do as a gambler is admit a mistake when buying in. In my guess taking a loss and selling perhaps in the high 60s is about right - there will be likely purchasers if that is reached thinking that as the average price paid was 73.6 the purchasers will think it's a good deal for them.

Can't see it going any higher than low 70s - this is not a company doing anything better than other financial organisations or doing anything innovative afaik.

Just a guess really.
By:
bongo
When: 15 May 13 21:54
Oops - based on this March 2010 article on the fool.co.uk, the buy in price arguably averaged around 64p

"Bailing out struggling banks could turn out to be a nice little earner.

Despite protests from those who thought bailing out the banks was throwing away taxpayers' money, it's looking increasingly likely that the government's stake in Lloyds Banking Group (LSE: LLOY) will make a profit, with speculation building that there might be a bit of a sell-off in the coming months.

According to the latest report from UK Financial Investment (UKFI), the body responsible looking after our banking bailout investments, we're already pretty much at the break-even point with Lloyds.

Going on share prices alone, the average price paid for our 41% stake in Lloyds was 73.6p per share, and with today's price being down around 64p, we're currently sitting on a sizeable loss on the actual value of the shares -- around £2.5bn in total.
The whole deal

However, the bailout deal consisted of more than just the government buying shares with taxpayers' cash -- it also involved the Treasury offering capital support for Lloyds in the early days of the crisis, for which Lloyds coughed up £2.5bn in shares. That, together with fees paid by the bank, effectively brings the average price paid by the government for Lloyds shares to 63.2p, putting us just in the money.

Overall, we're still not out of the woods with Royal Bank Of Scotland (LSE: RBS) yet, as the average price paid, accounted for in similar terms, is 49.9p, which is still a bit above today's price of around 44.5p, but it may be only a matter of time before that comes good too.
Trick or treat?

Is this just a fancy accounting trick, at budget time and just before an election, to put some shine on the banking bailout, or is it a valid way of looking at the numbers? Whatever your take, it does at least emphasise that the bailout wasn't just a case of taxpayers' money being given to greedy bankers, as so many people seem to see it.

Even if it had genuinely cost us money, the alternative of letting the banking system collapse would have cost us far more -- and if we can break even, or perhaps make a small profit, that's a bonus. The government might have made mistakes in its time in power, but bailing out the banks was not one of them."
By:
xmoneyx
When: 17 May 13 01:30
I sold @29 and bought viy

BIGGEST MISTAKE OF MY LIFESad
By:
Burton-Brewers
When: 17 May 13 15:16
never mind always next time
By:
GAZO
When: 21 May 13 19:43
are these shares a good buy at the current price,then leave alone for a few years?
By:
Burton-Brewers
When: 22 May 13 15:54
I'm not knowledgeable enough to suggest shares to anyone GAZO but if you have spare cash might be worth a punt. I have just gone in expecting to lose the lot but it is not money I need, however in 5 yrs time I would not be surprised if they were not close to the £2 mark.
By:
GAZO
When: 07 Jun 13 21:41
same here,not very knowledgeable on these things but did read that they are unlikely to go much higher in the short-term whilst the government hold the shares that they do but wondered about long term,would hope they would be fine long term unless the banks have done something else like the ppi mis-selling
By:
VCM
When: 17 Jul 13 22:23
70p Cool
By:
bongo
When: 18 Jul 13 21:21
Time for the Chancellor to sell now imv, and take a small loss ( after inflation ).

At retail levels the sort of things that are being done profitably in banking such as peer-to-peer lending, pay day loans and next day currency deliveries are not the the things that LLOYDS are involved in. Some of the things that brought them profits in the past like selling PPI, or a little market manipulation are gone. Overdraft and similar charges are being looked at now afaik and are unlikely to bring in any increased profit streams. The mortgage and business lending business is big and I'm not knowledgeable enough about, but with UK economic growth being nil for functional purposes ( after allowing for population growth ) I can't see all the interest only action they have suddenly turning into actual repayment action. And pressure on green belt land or unuilt land is surely coming whoever wins the next election.

The black horse bank are a nice bunch imv, i worked for them once, but the 9th biggest corporation on the FTSE 100 by market cap in approximate terms, with no innovation i'm aware of, i can't see the attraction.

I just can't see them going any higher than where they are now. Sell up and buy SABMiller - everyone seems to needs a cold beer when the weather gets hot, even the women.
By:
Burton-Brewers
When: 19 Jul 13 13:34
I'm going to continue holding, another 3p gain and that's 300% return
By:
VCM
When: 01 Aug 13 07:09
Decent results today.  Dividends can't be too far away now.
By:
bongo
When: 01 Aug 13 22:27
LLOY.L close the day at 73.51.

I must be a mug financials tipster. Getting out of foreign countries, PPI set-asides, and nothing original going on, and they post £2.1bn profit in 6 months on the back of regular lending activities and making positive comments about mortgage lending being backed by the Funding for Lending Scheme and Help to Buy guaranteed by a government that doesn't have any money other than what it creates. I just don't get why this company is regarded as a good 'un. Quitting this game would probably be a good idea.
By:
G1_Jockey_4
When: 02 Aug 13 11:29
seems only yesterday they were 22p.

always way too much upside not to have gone in then.

i got out at 59p...only got in at 30p Sad

moved onto another bank which pays 11% dividends and is one of the worlds largest banks.
By:
Burton-Brewers
When: 02 Aug 13 21:02
a near 50% profit is bloody good in my books Jockey
By:
Burton-Brewers
When: 02 Aug 13 21:02
sorry 100% Cry
By:
G1_Jockey_4
When: 04 Aug 13 17:25
i was happy with that lol

shame i didnt stay in though although ive had some nice ones int he last year.....if it carries on im gonna be close to the cgt threshold
By:
xmoneyx
When: 07 Aug 13 12:41
I sold@29p

bought a penny share viy

instead of £21k

1.5kCry
By:
G1_Jockey_4
When: 08 Aug 13 16:10
ouch
when i sold out i topped up on aviva , barclays and santander spain (11% dividends).
By:
Dr Crippen
When: 07 Sep 13 11:21
There looks plenty of steam left in Lloyds shares to me.

Of course the trick is knowing when to get out.
By:
GAZO
When: 07 Jan 14 12:26
when is george likely to sell the governments stake and will we get a bargain like royal mail ?
By:
Burton-Brewers
When: 07 Jan 14 14:22
just before the next election to bribe you with
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