Lloyds rights issue

[Tabs]

Help please!
I'm very new to share dealing, and have a small amount of Lloyds shares, purchased in July. I have received the big envelope through the post, and don't really know what to do now. Sympathetic advice please........

[ringram]

Usual consensis is to take up the rights issues unless total disaster is looming.

[Tabs]

Thanks for prompt reply, but as mentioned, new at this, how do I go about it?

[ringram]

Probably in your big envelope Im guessing. No idea in this specific instance sorry. But should be straight forward.

[ringram]

http://www.h-l.co.uk/news/feature-articles/lloyds-...

[Nano2nd]

whats everyone doing? i'm still on the fence on this one, my brain is saying swallow the tail, though i'm so fed up with the share i'm tempted to let it lapse and take the cash

[northandy]

Nano2nd said:

whats everyone doing? i'm still on the fence on this one, my brain is saying swallow the tail, though i'm so fed up with the share i'm tempted to let it lapse and take the cash

I took the last one up, am probably going to leave this and take whatever cash comes. Mainly as dont have that cash laying around to buy more.

[edition]

hmmm look any clearer now were closer to decision date?

[ringram]

The FT has another couple of articles on the topic

http://www.ft.com/cms/s/2/c36b54aa-db89-11de-9424-...

http://www.ft.com/cms/s/2/43ff13be-db8e-11de-9424-...

[Zingari]

northandy said:

Nano2nd said:

whats everyone doing? i'm still on the fence on this one, my brain is saying swallow the tail, though i'm so fed up with the share i'm tempted to let it lapse and take the cash

I took the last one up, am probably going to leave this and take whatever cash comes. Mainly as dont have that cash laying around to buy more.

Same for me - envelope posted to sell my rights. Happy to hold on to what I have got but at this moment not willing to invest more. It was 50:50 tail swallow or sell.

[Eddie the Ead]

I've invested another £500 odd. It seems the only thing to do in a rights issue. I can't see them going to the wall and the shareprice should reamin higher then the offer price.

Lets hope that doesn't come to bite me in the arse.

[munky]

I have Lloyds in the kids' child trust funds and let the previous one (or was it two?) lapse, fairly glad I did given what happened to the share price subsequently. However this time I think I'll take them up. The increased market share with HBOS will - eventually - pay dividends. I hope.

My daughter thanks you, Mr Brown, for forcing HBOS on Lloyds and decimating the share price. My son isn't fussed though, as he got his a lot cheaper!

[Plug550]

I was unable to buy any more, so sold entire holding last Weds. Bought them all back on Friday, and ended up with 55% more stock for the same invested value. Still not sure what will happen to the price in the short term when the new shares are traded, but over a 12 month period it's got to be better than money in the Building Society. After all, this floatation is only boosting the balance sheet to keep the Gov't off their back, so you'd imagine that share price should theoretically return to the pre-floatation price of circa £1.

You can add that to your collection of famous last words no doubt!

[Tabs]

Sent cheque off today to purchase full entitlement! Fingers crossed!

[Rufus]

Tabs said:

Sent cheque off today to purchase full entitlement! Fingers crossed!

Same, ten thousand pounds worth for me. Scary stuff.

[Vixpy1]

Dumped all my Llyods when the price rose slightly.

[Rufus]

Vixpy1 said:

Dumped all my Llyods when the price rose slightly.

Where did you come in at?

[Vixpy1]

Rufus said:

Vixpy1 said:

Dumped all my Llyods when the price rose slightly.

Where did you come in at?

I've had them years, Was prob 20K down when I jumped, not one of my finest moments

[Rufus]

Vixpy1 said:

Rufus said:

Vixpy1 said:

Dumped all my Llyods when the price rose slightly.

Where did you come in at?

I've had them years, Was prob 20K down when I jumped, not one of my finest moments

Poor sod, you didn't jump first time round then? I did, got back in fairly near the bottom which so far seems to have been worth it.

[sussexjob]

I had to call my stockbroker midway last week as I had heard nothing from them re RI and he said I must sent a cheque before last friday, I forgot, so on monday he said that i must do transfer by bacs by two pm but i couldn't as in the middle of counry side, I phoned at 3 to be told too late so in effect lost my chance to purchase...but what i understand is it doesnt close til friday..anyone help ?