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Sale – Lloyds Banking Group

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...

Lloyds Rights Issue

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...

Purchase – Lloyds Banking Group PLC

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...