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



The chart looks like one long suicide note.

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.

both sets of shareholders should be very happy indeed ...... HBOS lot got out with their shirts and Lloyds got a bargain which they couldn't have dreamt of ..... though HBOS may have a somewhat dodgy mortgage book (or does that US bit come under banking?) it's negative part will be heavily diluted by Lloyds "positive" part ..... finally, by one lucky flip of the coin, Lloyds has become a significant world banking institution

And mitzy wherever the sp goes short term this is a cracking deal for LLOY medium term.

Dil please no more personnel quotes regarding the Scottish.If it wasnt for scottish oil were would the whole UK be.