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ChumpusRex

T. S. B. Banking Group Plc. I. P. O.

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Anyone going for this?

Still not entirely clear whether this is the good, juicy bits, or the toxic carp? I suspect the former, as the taxpayer will be hoovering up the latter as if its going out of fashion.

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Didn't they already flog this to us 25 years ago?

That's the City's business model. Keep churning the same old stock, taking a cut in fees/commissions each time.

Clever innit?

I dare say it'll be 'priced to sell' but it's hitting what appears to be a temporarily overbought market (famous last words) and it'll be a while before it pays a divi. So whilst it might have a very strong b/sheet and be set up to expand lending over time, I'm not sure it'll be anything other than a short term pop. Just like the 80s eh?

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I've put myself down for £8k worth. Just in for a quick buck if I can get it. If over subscribed and only 1k per person then not a big loss in interest while they've got my money for a month or so.

Not worth keeping a year to get the bonus shares IMO. Probably dump as soon as possible at a slight profit hopefully.

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Yep, I expect this one has some upside. And Lloyds can't afford to let it flop: they need to flog off more of it after the IPO.

Now I just need to decide which pot of money to apply in. Something tax-sheltered: the SIPP or the ISA.

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I'm on the fence about this one, on the one hand it could be a quick killing, but on the other

"Potential investors may also be put off by the recent disclosure that TSB has a disproportionate exposure to high-risk interest only loans.

"Bankers spoken to by The Independent described the fact that 45 per cent of its residential mortgages are interest-only loans as 'extraordinary', 'eye opening' and 'extremely high'," the paper reported"

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Got half the £8k worth I applied for.

Made a quick £500 selling within the first hour of trading. Up 15%

Price could go either way from here IMO.

Unsure too.

I could sell now and bank just over £500 but the reason I invested was for the long term and I'd have taken 290p so should I buy more?

Hard this share dealing lark.

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I reckon a lot depends on when they're planning to sell the next tranche and for how much.

No doubt I'll try for more again and the hassle is minimal if you have a half decent share dealing account. This might turn out to be a share worth trading if it swings up and down a bit.

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I'm feeling pleased with myself.

I thought that the sale was deliberately kept low key and lots of negative comments spouted, so I jumped in by pre-ordering shares. I managed to get 2845 shares @ 260p total £7,397. Sold the lot @ 296.325p ea. for £8,429.81 so just over £1,000 in 20 mins of trading.

Be nice if I could do it more often.

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Just saw this on Yahoo Finance:

TSB banking group (TSB.L) -LSE :

285.00p, Up 282.40p (10861.54%)

Did someone get his/her sums wrong?

:lol::lol: Yahoo tends to ... um ... quirkiness. Alas, not always not so obvious or as easy to figure out as that one.

285 - 282.4 = 2.60. Remind me: was the flotation price by any chance £2.60?

Even Google - which is generally more reliable - sometimes throws a wobbly. Today for instance it's missed the SMT share split, so it's showing SMT as having lost 80% of its value :o

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