Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Fresh from its successful pass of the stress test more of Lloyds (LLOY) is going to be sold off by the UK government. As I’ve mentioned, the UK government currently owns around 24% of Lloyds Banking Group, but this figure could be reduced to around 20%.
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Comments
Paul
I wonder if we will ever know the true story behind Lloyds eventually paying around 8 Billion quid for a banking group which was on the hook to a secret loan of 25 Billion quid from the treasury. Did Messr’s Blank and Daniels know the true extent of the finances at HBOS? if they did, they should both be in jail now for the utter destruction of Shareholder value in Lloyds, if they didn’t, how were they hoodwinked and by whom, who had hold of the stick, the shitty end of which was grabbed so swiftly by Lloyds Managers, to the detriment of 6 million small shareholders in the Bank.
Six and a half years of pain, it feels like it’s coming to an end, but we’ve felt like this before, the fabled return of the dividend is almost within our grasp, what will the politicians dream up next to snatch it away yet again?