Lloyds Grp 9.75 Discussion Threads

[jaws6] 04/11/2009 07:38

Gary
What instruction i give to my broker without knowing what been offered to me.
Jeff
Still u need paper signed by you sent back to TDW .please speak to them and they will say They do not accept email to take up rights or take overs.

[zangdook] 04/11/2009 02:33

Hargreaves Lansdown also accept email instructions. Provided the brokers do their job (questionable in some cases) I don't see the problem.

[jeff h] 04/11/2009 00:31

Could you not tell your broker electronically rather than by mail?

Brokers such as TD Waterhouse allow you to communicate your intention to
accept takeover offers, rights issues etc by this method.

[gary1966] 04/11/2009 00:06

I would suggest that people start talking to their brokers now and find a resolution to the problem. Where there is a will there is a way!!!

Edit:

Could you not send your instructions in letter form prior to the 17th. Authorisation in place as soon as the forms are available for completion.

[jaws6] 03/11/2009 22:50

Gary
Do you think normal broker will send you by Special Delivery to PI?

And broker only get news on 18nov so think how many special delivery we need to get back to brokers .

I had lot problem with CAL rights issue .Because broker did not get in writting from company by post so what do we do if broker do not get in time all info .

I am not worried about me as long as my broker get details on 18 th. I will pick up personally and give it to him same day but lots of people will not be able to do it in time if short time as said today of 4 to 5 days.

[gary1966] 03/11/2009 22:13

Either of you guys heard of Special Delivery?

[simon gordon] 03/11/2009 22:13

Jaws - I get your flow now. This is gamed for the Fundies, our only choice is sell or hold, the rest is academic. Taken me all day to get to this point. I gotta say no one in plain language has explained it, even now I doubt myself.

My printer couldn't cope printing out the Lloyds data, my laptop is struggling to view it all.

[jaws6] 03/11/2009 22:00

envirovision
I strongly agree with you .Have you seen time limit to do paper work from broker to Pi and back to broker 5 day.Do you think in this post time we even will get post before it close and all work have to be in writting so broker want in writting before he writes to us after lloy announce details then we reply back to broker in 5 day. No one has looked at time details till you said word.

ALL THIS IN VERY SHORT TIME WILL NOT LEAVE ENOUGH TIME TO ACT FOR US.

[envirovision] 03/11/2009 20:50

Sorry to sound dim here, but my understanding is you wont have a chance to elect to take any offers on the table as private investors. Lloyds, not to mention your stockbrokers are not interested in thousands of pi's. This restructuring has been done for institutional investors.

[lord gnome] 03/11/2009 20:15

Not a clue, I still haven't worked out what the hell is going on. The LLPF thread is the best for info and analysis.

[solomon9] 03/11/2009 19:46

anyone have any smartass ideas now about what the fuxk we do now- looks like we're gonna be taking the pain after all.

[pollen8] 21/10/2009 11:34

Will the brave be rewarded. I am still hanging on seeing my profits dwindle.

[gary1966] 06/10/2009 10:32

If you have some cash and want to diversify then I think this may be of interest.

Might want to take a look at Co-op 13% ticker CPBC. Yielding 8.84% on the offer. Customer deposits are 107% of loans and so rock solid balance sheet.

With regards to the Co-op 13% there is also a pricing anomally which will probably get closed as it has done on Aviva/GA prefs in the past.

CPBA yields 7.12%
CPBB yields 7.49%

Yet poor old CPBC yields 8.84%. If this corrects to CPBB then CPBC will be 173.5p on the offer and if it corrects to CPBA then it will be 182.5p on the offer. Can be bought currently for 147p and so a good yield in a very safe bank with potential for between an 18-24% capital gain in a short space of time.

[gary1966] 05/10/2009 11:40

Assuming that 600K sale was a worked transaction as share price seems to be rising. Hopefully overhang gone now and we can continue with steady rise.

[old boy returns] 02/10/2009 09:24

I had a number of requests yesterday for a copy of the JPM 'Tale of Two Banks' report. It contains a very good analysis of all the RBS prefs / LBG Hybrids and which ones push / stop others and do / do not contain discretionary language.

If anyone else would like a copy please let me know through the Contact Form on my Fixed Income Information website at:

[pollen8] 25/9/2009 16:59

Any news on xd date, payment date is 30th November, so must go ex soon.

[jaws6] 20/8/2009 15:41

Posted some news on natwest on nwbd for divi info.

[jaws6] 19/8/2009 16:42

Now looking up today .89 93.75

[jaws6] 14/8/2009 09:45

its nt deal so its worked trade

[santangello] 14/8/2009 09:36

2.8m @ 95.25......... thoughts anyone.
I'd guess a sell ?

[aspex] 05/8/2009 13:03

These only came up on my screen last week.
30k @89.5 now seems very palatable thank you.

[santangello] 23/7/2009 07:56

Nice little honeys these LLPD.......

[solomon9] 22/7/2009 15:22

Switch into HALP - pays 9.375% - cost 73 hence yield pick-up - great arbitrage opportunity.

[gary1966] 04/6/2009 08:02

Interest article on bloomberg today about bonds. Gives some reassurance.