Sale – Lloyds Banking Group

Wednesday, 17 November, 2010 18:10 Written by Paul 0 Comments

In line with our new make hay while the sun shines speculative approach to investing we’ve dumped the only FTSE 100 share in our portfolio, Lloyds Banking Group.

We sold all 1,811 shares last Thursday (11th November 2010) for 67.67 pence a pop for a return of £1,225.50.

Our original purchase of Lloyds was made back in June 2009 when we took on 774 shares at 67.19 pence a share. We bought in the hope that Lloyds would follow Barclays bounce back from bordering bankruptcy after the financial meltdown of the preceding months, but alas, we’re pretty much back where we began.

What turned Lloyds into a winner for us over the journey was the rights issue back in December 2009. This allowed us to top up on our holding at the bargain basement price of 37 pence a share. We splurged on 1,037 shares – our entire entitlement – and in the process lowered our average holding in Lloyds to just below 50 pence a share.

So at the end of the day we cleared in the region of 18 pence a share on our holding of 1,811 shares or £326 in round pound terms. It’s better than bank interest!

Lloyds Rights Issue

Friday, 04 December, 2009 15:26 Written by Paul 0 Comments

From the four options I spoke of earlier in the week, I’ve gone all in with Lloyds (option 1) fully taking up my offered allotment of 1,037 shares at £0.37 a share. The rights issue gave me a reduction on current market value of about £0.16 per share or 30%, so I can’t really complain, despite doing my darnedest in my most recent post.

Our total holding of Lloyds has now risen to 1,811 shares averaged out at 0.4990 pence per share.

So now let’s wait and see whether the market has fully factored the rights issue into the current price or whether we’re in for a continued drop over the coming weeks.

Well that coffee’s not going to make itself, so I’m outta here. Thanks again for dropping by and remember to take a peek at Kiva. Why not give a very special Christmas gift to a third-world entrepreneur.

Purchase – Lloyds Banking Group PLC

Wednesday, 10 June, 2009 17:49 Written by Paul 3 Comments

We’ve taken a little slice of the UK banking sector on-board with today’s purchase of 774 Lloyds Banking Group shares at £0.6719 for a total outlay of £520.05 plus dealing costs.

On the back of a ton of re-structuring news of late, hopefully Lloyds can put a horror stretch behind it and make us a quid or two into the bargain. If it can – a little belatedly – follow in Barclays footsteps, we’ll sure be onto a good thing.

Banking, I know, I know, not overly green and ethical, etc, etc. But at the end of the day wherever we can make a quid and pass it on as a loan via Kiva can’t be a too bad a thing?

Have you checked out Kiva yet? Play the video to the right to get a bit of an overview or pay them a visit and get your own Kiva lending portfolio up and running.

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