Since Lloyds till has a listing they could simply sell the shares as and when necessary. I few thousand here and there and they will not effect the price. If they sell in a big chunk they will have to get much less than they could get. Selling smaller tranches and repricing according to market price will mean that they get more. Though I suspect that they will push this through to get money for an election tax giveaway.

I still don't get why given we bought the shares just as it made a humungous loss, we're selling them as soon as it starts making a profit. At least wait until we get our investment back, surely?

'Nationalised losses, privatised profits'?

It is not as if Labour would keep them state owned. They would try as sell when possible.