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Sebastian8pizza

Sebastian8pizza
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  • Jim O'Neill - the man in charge of the U.K.'s stakes in RBS and LYG - resigns today to return to BAML. It's taking longer than hoped to unload the government stakes (82% RBS, 40% Lloyds) as HMT ignores the well-heeled rule of trimming losers. However, political pressure for some sort of plan - maybe a breakup of the lenders or distribution of shares to the public - has been upped of late. [View news story]
    Carney will do a good job and set the time-table for the recovery; but not without waiting for the run to play itself out - see Q4 2013. In the meantime CBB.UN micro-cap play on the recovery of Brit Banks; nice little closed fund trading at NAV discount. Portland Investments. (% in LYG.
    Apr 29, 2013. 04:14 PM | Likes Like |Link to Comment
  • Jim O'Neill - the man in charge of the U.K.'s stakes in RBS and LYG - resigns today to return to BAML. It's taking longer than hoped to unload the government stakes (82% RBS, 40% Lloyds) as HMT ignores the well-heeled rule of trimming losers. However, political pressure for some sort of plan - maybe a breakup of the lenders or distribution of shares to the public - has been upped of late. [View news story]
    Carney is going to do a good job. If you are looking for a long-term good play where LYG is part and parcel (9%), CBB.UN Closed Ended Fund

    http://bit.ly/10PjWJU
    Sleeping giant.
    Apr 29, 2013. 04:14 PM | Likes Like |Link to Comment
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