The bank owned by the UK tax payer may be partly sold to money managers as soon as September says insiders.
The government is said to be weighing up sales of 5-10% of their holdings.
The lloyds share price is above the cited £0.61p break even point for the government hitting a high of £0.70p.
Despite pressure to get the state owned banks off the books I don’t know why we don’t just hold onto them while the price is going up. If a recovery is underway then that can only be good for the share price. I’m sure there are restrictions on governments effectively playing the market but I can see the muppets flogging it off for a few pence profit and then watching it shoot up few quid.
