Lloyds Stake Sale Well-Timed (Politically): Investec – ValueWalk Premium

Lloyds Stake Sale Well-Timed (Politically): Investec

Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY)’s recent stake sale by the UK government is well-timed (politically), according to a recent report from Ian Gordon of Investec plc (LON:INVP) (LON:INVR) (OTCMKTS:IVTJF).

The UK government sold about 6 percent in its first sale of its stake in Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) shares, generating £ 3.2 billion.

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