Lloyds Corporate Action stock - sell or keep?

[NobleLord]

A looooong time ago, I bought HBOS stock and am now one of those unfortunate souls with a bag full of worthless Lloyds stock

That said, I got a letter recently asking me if I wanted to buy some more Lloyds stock - goin cheap guvnor! - and make a few quid. I gather this is known as a Corporate Action.

Now, as you can probably guess, stock trading is not my forte and I can't claim to really understand what the hell to do with this offer. It seems I have 2 choices - sell the 'options' I have (LBGN) and make a few quid or convert the LBGN into normal Lloyds stock on 8th December then flog it for a profit on or after 14th December.

So, can anyone with a brain for this sort of stuff advise me which is the best route to go down please. My 'simple' brain says 'flog it now and make £1400, but something makes me wonder if I'll be missing out on bigger things later on.

Thanks in advance,
NL

PS. I really should stay away from the stock market!!!!

[dibbers006]

Don't know but...

A bird in the hand an all that.

[John MacK]

This has been discussed in the Finance section.

General opinions were to take up the offer.



I think it's the same thing you're on about...

[HarryW]

Take the money and run............

[carreauchompeur]

At current market price it's a good offer. Take it up.