1. GOV.UK Deals
Groups

    Update on Lloyds Banking Group Share Offer

    Looks like the public have been had over again. Just had this email from HM Treasury. Cheers.

    Update on Lloyds Banking Group Share Offer

    Thank you for signing up to receive updates about a Lloyds Banking Group share offer.

    As the Chancellor announced today, we are withdrawing plans for a Lloyds retail offer. The government wants to get the best possible return for the taxpayer. Due to conditions in financial markets and current share prices, a retail offer at this point in time would not achieve this aim.

    More details are available in this press notice

    Kind regards,

    HM Treasury

    gov.uk/gov…tly

    13 Comments

    mod

    Moved over to misc as an informational post, Thanks

    Don't think the public has been had at all, have you seen the share price recently ? 52.8 p , we bailed them out at circa 73p .

    Original Poster

    rogparki

    Don't think the public has been had at all, have you seen the share price … Don't think the public has been had at all, have you seen the share price recently ? 52.8 p , we bailed them out at circa 73p .



    ​I wanted to buy though. Had a grand saved up for it.

    rogparki

    Don't think the public has been had at all, have you seen the share price … Don't think the public has been had at all, have you seen the share price recently ? 52.8 p , we bailed them out at circa 73p .



    They are still being sold, so will be less than was originally paid anyway, just not to individuals.. "The shares will now be sold via a "trading plan" - small tranches of shares sold to professional investment organisations and pension funds.". No doubt these will be sold at "mates rates" to their trader friends
    Edited by: "winifer" 7th Oct 2016

    typical tory con trick putting money into the pockets of their city school chums while no ones looking - they didn't talk about that at their conference did they?

    But....but...Theresa said....

    Maybe we should have a referendum on this?

    Isn't this the public selling to the public, how can government maximise the return to the public? It is just transfer of ownership, the overall effect to the public as a whole is no change, just count the same beans again but in a different pot. On the other hand, selling to institutions is not the same as selling to the public as there is a realisable change. And this realisable change needs to be a profit on return on investment.

    sowotsdis

    typical tory con trick putting money into the pockets of their city … typical tory con trick putting money into the pockets of their city school chums while no ones looking - they didn't talk about that at their conference did they?


    Simple answer to your remark . Buy them yourself ,today, on the open market. Under 52p now , a 30% discount on the June (pre Brexit vote ) price of 70p . Bargain ? Or are you going to let the school chums have them all ?

    redcantona

    ​I wanted to buy though. Had a grand saved up for it.



    If your intention is still to buy, why wait for the 5% discount from the Goverment? They'd only be looking to sell once the stock price is above 73p, and it can be had for ~25% less right now.

    you've completely missed the point

    sowotsdis

    you've completely missed the point


    I think you should limit yourself to commenting on subjects you actually understand . This is obviously not one of them !

    redcantona

    ​I wanted to buy though. Had a grand saved up for it.



    They're cheaper now than what you could have got them at, why not buy now?

    Also, where's the guy that was telling misc the Gov would sell these to the public for a loss at well under their buy price?


    lol @ him.

    Original Poster

    I could be wrong about this but aren't they still going to sell the shares but not to the public.
    Post a comment
    Avatar
    @
      Text
      Top Discussions
      1. Need help with home Internet dropping out please56
      2. Best Wi-Fi extender33
      3. Any Just Eat Vouchers around?22
      4. Any better deals after year's Sky subscription is nearly up?22

      See more discussions