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



The chart looks like one long suicide note.

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%.

or even 30% or even go up by 20% ...... sorry mitzy, but not one of your more perceptive comments!

hornby should be hung, drawn and quartered

english tw?ts screwing up one of the oldest of worlds financial institutions in the space of a couple of years......unbelievable

What if they both fall ?? Who picks up the pieces then -

Does anyone actually know exactly how the deal works yet ? Because every which way I look at it , it doesn't stack up.

hbos board should be in jail for life

Guess the shareholders aren't happy then !

OK. For those struggling with the maths, here's how I work out the price.

HBOS - Closed yesterday at 147.1
LLOY - Closed yesterday at 279.75

You have 100 HBOS shares valued at 1,471.00. Lloyds gives you .83 shares for each one you own. You now have 83 Lloyds shares valued at 2,321.925. If you divide 2,321.925 by 100 (your original HBOS holding), you get 2.32.

As I understand it, if the Lloyds price now goes up then you're doing better on the deal, if it tanks then you're doing worse on the deal.

Hope that helps.

In my opinion.

Strawbs.

And you wonder why they won't give the scots more power to run themselves !

Whole bloody country would be bust in a month.