The government has scrapped former chancellor George Osborne’s plans to sell-off its remaining stake in Lloyds Banking Group (LSE: LLOY) via a grand discounted offer to the public. But will its new strategy of disposing its remaining shares in the daily market depress the Lloyds share price?
Are Lloyds Banking Group shares now doomed to slump?
VIDEO: One Fool looks at the government’s decision to dispose of its Lloyds shares on the open market.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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