Today they have fallen 22% to a new low of 223p ..are they another Marconi..?



The chart looks like one long suicide note.

On the 10 o'clock news now. Is this an all share offer? So what happens if the "spivs" and "speculators" now tank the Lloyds share price?

Strawbs.

HBOS - LLOY

Latest From the BBC at 19:24 GMT,............

HBOS confirms Lloyds merger talks

HBOS has confirmed it is in advanced talks with Lloyds TSB about creating a UK retail banking giant worth 30bn.

The government has also said it would overrule any concerns that competition authorities may raise, BBC Business Editor Robert Peston said.

The deal is set to value HBOS at about 15bn, or 280p a share, a significant premium on its closing price of 147.1p.

A takeover would end uncertainty about the strength of Halifax-Bank of Scotland after a run on its shares.

The advanced talks - first reported by the BBC - are being encouraged by both the Treasury and Financial Services Authority (FSA) as a deal will ease concerns about the health of the UK banking sector, our business editor added.
-----------------

BBC news 24 at 21:10

say the takeover will be worth 232p to HBOS
I am reaching the conclution then that ...........

4 LLOY shares for every 5 HBOS is going to be the deal

A right issue at 275p was done just over a month ago

I have got a few lloyds, and a few hbos share what does it mean how much are each of them worth now or will they all become lloyds and if so how do you get rid of them

Preston said tonight that 232p was the deal to be announced tomorrow payable in Lloyds shares. This was been short sold upto the close so presumably, these traders will get hammered tomorrow. As mentioned above, the way the hedge funds etc could get their own back is by way of a bear raid on Lloyds.

I've inherited loads of RBS shares. I'm seriously concerned because they look as though they are next on the list. Any thoughts because I'm ready to bail out if necessary.

Andy Hornby will long be remembered in Scotlands long history.......for bringing down a bank with more than 300 years of history...........shame on you hornby!!!

just think of history lessons in 2400 and 1 question will be........who was the f???in asshole that brought about the demise of scotlands once great bank.

oh yeah, he's the one that couldnt even be arsed turning up for the AGM this year.....never mind, only the worst financial crisis in living memory!!!!
does the cretin know where scotland is........stupid Harvard uni english tw?t.....he changes jobs every given year too

as for short selling.......this came t a head in march this year i think when it plummeted amongst other shares........the gov or FSA should have done something then as hitting financial companies affects the whole country in the end......but as ever they wait till near the end when they lost about 90% of their value.

uk will be bankrupt soon

oh yeah.....and about 40,000 jobs lost they reckon.....plus 5000 from lehmans this week......lol, unemployment will be over 2 million soon

Maybe I heard wrong but HBOS price will be around 147p not 2 plus

Yes That's what I thought I heard but I think it's 232p based on Lloyds price last night. Morgan Stanley is searching for a buyer today. The government needs to act now before our financial systems collapse altogether.

Let me get this right - I can buy Hbos at 1.90 and sell them to Lloyds at 2.32 ?? I know its in shares but Lloyds have just bought a bank for just under half its worth - so they should fly up as well. What am i missing ????????

1.60 now - scratching my head

crazy times. Looks an obvious buy but depends what the hedge funds are thinking. Could they scupper the deal by shorting it to death?

This is a merger......perhaps not a takeover....in share terms it should go along the lines 1 for 2 etc...!

no

Lloyds now under attack down 7%.

According to RSI's post above it's 4 Lloyds shares for 5 HBOS shares. Guess you'll need to do the maths to work out if it's right or not. The figure I assume will also be based on last nights closing price. Not sure what happens if Lloyds price now tanks and HBOS goes up. Too much for my brain this early in the morning.

In my opinion....

Strawbs.

get them calculators out boys - I'm sat here totally flumoxed because thats exactly what I was thinking strawbs.

It's not a merger then ?, HBOS will really be taken over, 12 billion deal for what then ?, I would have thought that HBOS was worth far more !.

it is/was, but this was a fire sale, and Lloyds have got themselves a bargain

It is - 22 Billion more like, thats what I dont get, Lloyds should be flying