Thatcher style Tory Lloyds sell off in 12montbs
Discussion
Another press release to unload all remaining shares within 12 months you can buy discounted shares £250-£10k per person and if you hold onto them for a year then there is a "loyalty" bonus.
A great thing to do -- I hope they also promise that (assuming RBS is also in a condition for for sale to the markets) by the end of the next parliment that too will be fully unloaded.
A great thing to do -- I hope they also promise that (assuming RBS is also in a condition for for sale to the markets) by the end of the next parliment that too will be fully unloaded.
Welshbeef said:
robemcdonald said:
Haven't the tax payers already bought lloyds already?
Unless you personally & every other person in the UK takes out a personal loan of c£30k to pay off the £1.5trillion debt then you have not. Your children's children's willLloyds was already bought using taxpayer money. The nation already owns it. To then "sell" it back to British nationals suggests that the nation is being asked to pay for something that it already owns.
All the Tories are really doing is asking people to write cheques to pay off the national debt, in return for direct exposure to the upside (or downside) of Lloyds stock.
I've simplified a bit, but that's how it looks to me.
AmitG said:
Welshbeef said:
robemcdonald said:
Haven't the tax payers already bought lloyds already?
Unless you personally & every other person in the UK takes out a personal loan of c£30k to pay off the £1.5trillion debt then you have not. Your children's children's willLloyds was already bought using taxpayer money. The nation already owns it. To then "sell" it back to British nationals suggests that the nation is being asked to pay for something that it already owns.
All the Tories are really doing is asking people to write cheques to pay off the national debt, in return for direct exposure to the upside (or downside) of Lloyds stock.
I've simplified a bit, but that's how it looks to me.
Welshbeef said:
Trailhead said:
Where and when can I buy them?
If Tory win the election then they will do it before the end of May 2016. Red Ed will probably shut it down so he can be seen to be punishing bankers
Then the few hundred well paid bankers the public hate will bog off to pastures new and the thousands of ordinary folk working for the bank will end up unemployed
speedy_thrills said:
Trailhead said:
Where and when can I buy them?
Read the prospectus first.Strange time to sell given the UKs financial position, cost of borrowing etc. Also why not just tranche them back onto the market progressively and get the best price?
speedy_thrills said:
Read the prospectus first.
Strange time to sell given the UKs financial position, cost of borrowing etc. Also why not just tranche them back onto the market progressively and get the best price?
Because if you have mass ownership the public suddenly will stop bashing the bankers as the more they make the individual will gain from dividends and stock increases. Or of course so it's off loaded before the Europe collapse and its knock on impact to the bankStrange time to sell given the UKs financial position, cost of borrowing etc. Also why not just tranche them back onto the market progressively and get the best price?
AmitG said:
I think that robemcdonald makes a good point.
Lloyds was already bought using taxpayer money. [b]The nation already owns it. [/]To then "sell" it back to British nationals suggests that the nation is being asked to pay for something that it already owns.
All the Tories are really doing is asking people to write cheques to pay off the national debt, in return for direct exposure to the upside (or downside) of Lloyds stock.
I've simplified a bit, but that's how it looks to me.
Lol. Lloyds wasnt 'bought'. How many shares did UK gov buy? Not sure it's enough to 'own it' - they're just a large shareholder, selling off their shareholding to non-institutional investors. Lloyds was already bought using taxpayer money. [b]The nation already owns it. [/]To then "sell" it back to British nationals suggests that the nation is being asked to pay for something that it already owns.
All the Tories are really doing is asking people to write cheques to pay off the national debt, in return for direct exposure to the upside (or downside) of Lloyds stock.
I've simplified a bit, but that's how it looks to me.
Not sure I see the Thatcher link in this one 
As said above seems more like a sneaky trick to get the public to buy shares in something that's already proven itself to be extremely dodgy once. Not for me thanks.
As for the poster above who said the public didn't bail them out, if the government borrows money to bail out the banks where exactly do you think the money comes from to pay back those loans???
As said above seems more like a sneaky trick to get the public to buy shares in something that's already proven itself to be extremely dodgy once. Not for me thanks.
As for the poster above who said the public didn't bail them out, if the government borrows money to bail out the banks where exactly do you think the money comes from to pay back those loans???
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