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



The chart looks like one long suicide note.

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 !.

Meantime LLOY is crashing..

Even at your calculation Ralex it should be trading at 2.05 + Well sod it I'm going in, if Barclays would let me trade !!

The sums involved are staggering !, with these takeovers !.

Lloyds is down 7% from last night ..... "small earhquake; no one injured"

Cant understand Barclays either - Down graded last night by SP, same announcement that seemed to knacker Hbos - and there up - does anybody know what is actually going on! Who makes Prozac - they'll be worth a punt !

I need an aspirin ..

Pfizer + hundreds of fakes on internet!

Keep an eye on Lloyds could fall 20%.