Share sale to be rushed through?

Lloyds Banking Group (LLOY) / Banks

Lloyds Banking Group consistently garners interest from investors on account of it being among the ‘cleanest’ and most familiar of the UK banks. Don’t be fooled by France’s economy minister ‘rolling out the red carpet’ to the banks if we vote to leave. This is as unlikely to happen as a UK exit. The City of London works just fine as a global financial markets hub and there’s no reason to expect that to change. In which case, should LLOY shares continue to recover we could see George Osborne move to get the share sale out of the way ahead of the referendum (an emotional decision?). If shares fall again on increased uncertainty (and the fact that banks are generally out of favour at the moment), buying at a lower price gets the investor a better deal than buying in at breakeven or above with a 5% discount.

Broker Consensus