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



The chart looks like one long suicide note.

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.

If they ran the industry like they ran their banks ... up the swany.

What I don't understand is you can buy HBOS now for 198 so if HBOS shareholders will get 2.32 why is everybody not buying HBOS

Well...there's one thing for sure....in the high street ....many a time Lloyds and HBOS are near each other.....one will have to close....should mean a lot more Tesco express shops around !.

As I understand it. Everything is based on last nights closing price. You don't get 2.32 per share, you get .83 Lloyds shares (whatever they are valued at) for each HBOS share. Based on last nights close that was worth 2.32. Today it could be more, it could be less, just depends where the Lloyds and HBOS prices go.

In my opinion.

Strawbs.

you're right, though there should probably be a modest discount of say 3/5% ...... i bought too early yesterday so had an average price of 188 and was too slow to buy at 165 first thing this morning, and it was not really worth buying at higher than that (for me), as it would not have brought my average doiwn by much

anyway, the rump of shorters will now be forced out and the very short term holders will be taking their profits ..... hence sp creeping back up to a "sensible" level

Every year the clearers make "Provision for bad debts" within their annual figures - for the last decade they have probably had to use up very little of those, but next year or two will no doubt see them called upon. Means imo ongoing level of profitability of HBOS might not be as bad as feared from the present housing market slump and personally I think LLOY have got a steal. Interestingly, market reaction to BARC (my other holding in the sector, both currently losing me money) has been more favourable - from what I can see they have bought $72bn assets and $68bn liabilities from Lehman for around $1bn. That looks riskier to me than the LLoy/HBOS deal, but market reaction positive.Strange old world.

There's probably some clever maths at play that allows the shorters to get out without too much pain. Beyond my ability to work out though....

In my opinion.

Strawbs.

mitzy

Putting your tail between your legs

Only in and out while share price dropping,
What is your comment now or your pic preference?

           

doesn't Gilray or Hogarth have something racier for you to post?

How about some nice women with or without merger tea shirts !.