So, how are our shares in the banks doing?

[youngsyr]

Given that the FTSE100 has climbed a rather large amount since the banking crisis and the government so very kindly piled tens of billions of our pounds into the banks' shares a few months back, should we (or the government more accurately) not be sitting on a nice uncrystalised capital gain at the moment?

Has anyone any numbers to show the government's current trading position in this respect? I seem to recall a company was set up to manage the investments, does this produce accounts that are published?

[youngsyr]

To partially answer my own question, it seems that the break even point (according to the article below) for the government's RBS shares is 50.5p, the current share price is 49.55p.

The break even price for the Lloyds shares is reportedly 122.6p, the current price is 96.34p.

Not looking good.

Source: http://news.bbc.co.uk/1/hi/business/8189516.stm

[emicen]

Ah well, my break evens are 10.9p for RBS and 38.5p for Lloyds. So although as a tax payer I'm screwed, on a personal level, I did better than the treasury

[Jazzer77]

emicen said:

Ah well, my break evens are 10.9p for RBS and 38.5p for Lloyds. So although as a tax payer I'm screwed, on a personal level, I did better than the treasury

You done exceptionally well then , still holding the shares?
I bought RBS at 47 cashed out at 50.9 , LLOY at 59.9 , sold at 102.5.

[ShadownINja]

Jazzer77 said:

emicen said:

Ah well, my break evens are 10.9p for RBS and 38.5p for Lloyds. So although as a tax payer I'm screwed, on a personal level, I did better than the treasury

You done exceptionally well then , still holding the shares?
I bought RBS at 47 cashed out at 50.9 , LLOY at 59.9 , sold at 102.5.

Next entry in 20 years time at the next recession, then.

[texasjohn]

Good if bought recently but not too recently. If bought less recently then probably not as good, or not quite as good. Depending on share and date purchased.

I hope this helps

[ShadownINja]

texasjohn said:

Good if bought recently but not too recently. If bought less recently then probably not as good, or not quite as good. Depending on share and date purchased.

I hope this helps

Are you authorised to provide a signal service?

[texasjohn]

Within a range, yes. I don't think it is reasonable to expect exact predictions or forecasts.

ETA: Just to clarify, I don't provide this service for free generally, but I hope that a little free advice may incentivise the reader to provide consideration in the form of Mr Kipling's finest delicacies, or even the cheaper alternatives with oddly similar names usually to be found at Lidl, for my services in the future.

Edited by texasjohn on Wednesday 7th October 21:01

[ShadownINja]

<backs away slowly>

[emicen]

Jazzer77 said:

emicen said:

Ah well, my break evens are 10.9p for RBS and 38.5p for Lloyds. So although as a tax payer I'm screwed, on a personal level, I did better than the treasury

You done exceptionally well then , still holding the shares?
I bought RBS at 47 cashed out at 50.9 , LLOY at 59.9 , sold at 102.5.

RBS at 10.8ish, Lloyds at 39ish. Bought for the long hold. Price of a fairly good night out now, in 5-10yrs time could be enough for the longest, wildest summer holiday ever!