Lloyds TSB Group plc (ADR) (NYSE:LYG)

Purchased 04/30/13
Share Price $3.38
Price Target $20+

Very Long-term
Possible div inc

Europe play

all negative news and under performing assets were mostly gone.UK has an interest in this stock.

they are coming out of their financial mess and soon will pay back the 30% borrowed from England's or UK's government. With that said. They will be making more money for them which will present to shareholders in the near future 1 year maybe. They made way more this quarter verses analysts expectation.

Soon profitable free and clear.

Shares are currently trading at 0.53p across the pond. $3.16 here in the US. Each US share is equal to 4 UK shares and the US:UK exchange rate is 1.6

In the March 1, 2013 - Annual Remuneration disclosure, the CEO was given 1.485M in deferred shares -- deferred for a period of 5 years - 2018. Now, I realize that 5 years is a long time for these things (see below) to happen. However, I'd say that these are really 1 to 2 year goals with a 5 year mask to make it look like banks executives have a long term compensation plan when in reality it is still fairly short term goals.

The shares will vest only if:
1) the share price has reached 73.6p for a given period (not sure of the period)

OR

2) the Government has sold at least 33% of its shareholding at prices above 61p ---- 61p is the price HM Treasury has the recorded on books.

61.0p is a 17% increase in today's price
73.6p is a 39% increase in today's price

Antonio has shown a propensity to set goals and then beat them considerably, as seen in the asset sell off and Tier I capital ratios. Personally, I feel that these goals are a sign of things to come in the next year or two. Set the bar low; Jump high.

In the conference call, Antonio stated that the group is assuming the worst case Basel III numbers and that there could be a 20% improvement if the article 46 rules were adopted instead of the article 45 rules. As shareholders, we should look to the adoption of the article 46 instead of 45 as a large positive catalyst for our published capital ratios.

Verde (the code name for the branches that they must sell) will either close or IPO in the summer. As the stock prices has risen significantly since the heads of terms were tentatively agreed on Verde, I think that an IPO is much more likely than the CEO is willing to admit or the terms of Verde will change a bit to benefit LYG. This will also increase the banks capital position.

The bank continues to sell its portfolio of currently 99B of non-core assets in capital accretive ways. Again, they are ahead of the schedule set out by Antonio when he took over.

The dividend question continues to be dodged in terms of Basel III not being determined yet. However, Antonio said in today's conference call that he thinks that this is the last time that he will need to dodge the question. This tells me that there is a catalyst that will occur soon that will determine if we will be using 45 or 46 rules and thus info on a dividend has the potential to materialize in 2013.

The goals set for Antonio vesting his bonus in combination with the high capital levels of the bank, leads me to believe that the unspoken plan is for LYG to make an offer for a portion (33% or more) of HM's shares at a price of 61p or higher within the next year or so.

I think this could be a very interesting year for LYG.

Ellipsoid

Making a slow comeback!

Another undervalued stock which five years from now will have beaten the s&p and declared a decent enough dividend.

Rebounding from recession, stock price should steadily rise.

I'm long w/20k shares so biased. Horta-Osario continues to shed former regimes' and acquisition bad bets and bloat. I also think the veto on changing the free accounts to paid accounts was a very good move--focus on customers, not just profits. Without customers, LYG makes zilch. I expect a small div to be reinstated next year and full divorce from govt ownership within two years. I expect half paid back by 3rd qtr next year. Olympics popped UK out of recession if only slightly. Still risky but I also think BOE will lower interest rates if things don't start picking up economically which should also boost LYG profits.

Betting on come back of top UK bank.
Trading below book.
It will take a few years but will it will soar once the world economy stabilizes.
Not over exposed to sovereign debt in Europe but, of course, it will be negatively affected by European financial woes.

They are steering the boat into the clear by shedding their burdens - once the sun shines on them again they will soar.

Closed and re-opened to more accurately reflect my actual start price for a longer term hold.

Actually in at $1.93.

Give it a while but this stock will bounce back strong

0.40 Price To Book.

Prefered Shares Re-Instated Dividends. One of the best world-wide banks out there. I am holding shares of this and IRE for the long term. Best opportunity to buy quality stocks at a significant discount.

ML price target $3.64

Another bail out will send the shares to nothing.

Risk vs. reward may warrant a real life purchase.

It is risky, but it should eventually recover. It will take a long time: between its bailout and its forced marriage with Halifax-Bank of Scotland, it has a lot to sickness to recover from.