Lloyds Bank Share Sale-Good Progress.

Really good news that the Government has finally started with the disposal of the publics-you and me-shareholding in Lloyds Bank.

We have actually made a profit! 

The even better news is that our profits are likely to increase. As the disposal by the Government gathers pace, the shares will become of increasing interest to investors.

It is quite possible that Lloyds shares could be over £1 within the next 12 months. 

As regards Royal Bank of Scotland, the share price has been moving nicely upwards in the last few weeks. This should encourage the Government to accelerate disposal plans.

All in all, a very promising picture is emerging, with UK banks looking sounder and stronger than they have for 5 years.

Long may the improvement continue.

Tuesday, 17th September 2013

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