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



The chart looks like one long suicide note.

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

It wouldn't surprise me if Lloyds price comes under attack. If you think about it logically, Lloyds investors have gone from holding an "ultra safe" bank (in so much as anyone is), to now having something like 28% of the UK mortgage market, heading into a serious recession, with house prices falling and repossessions rising. Investors might well ask if this is such a great deal for Lloyds?

In my opinion.

Strawbs.

anyway, the current discount showing on HBOS price is typical or a bit more than that normally experienced in a t/o .... in this instance, i really do see little downside (at +/185) unless of course Lloyds comes under (irrational) attack

Under the terms of the deal, which must be agreed by investors, HBOS shareholders will receive 0.83 Lloyds shares for every HBOS share.
don't know what that is a fraction but must be close to 4 for 5
Maths isn't my strong point 1st thing in the morning
Alex
(un?)fortunately i hold both

When the market turmoil is over (if ever), I think in a few months we should be looking at Lloyds Bank because they (like Cynic says) may have got themselves the bargain of the decade...perhaps their share price in the short term will suffer, but mid-term could be heading for something above 4 !.