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



The chart looks like one long suicide note.

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 !.

LLOY 286p +7p

Has recovered all the losses earlier, is worth 237p for HBOS now 207p +59p

HBOS is a buy on the idea of buying LLOY on the cheap for the PORTFOLIO

               
                              &nbspmoneyam charts , still with the 15 minutes delay

             &

Its all political spin .

Gilray's cartoons certainly were ...... what are you talking about?

HBOS is now doing what it should - i.e. tracking the Lloyds sp at a discount of approx 10%

Feel a real dunce for not buying these today/yesterday

Don't feel bad, falcothou. I tried to buy yesterday at 145p but can't get in at selftrade.

is it worth selling my lloy and buying hbos [which will hopefully] become lloy again to make a profit?
obviously it will depend on what price i paid for lloy.
aside from the merger/t-over not going thru can anyone see a major flaw in my plan.
Alex

yes, I don't understand it ;-)

I have a buy order for 260 for Lloyd's but would not buy hbos now,missed that particular boat

The combined Bank will issue new "joint" shares, almost certainly.
These combined LLOY/HBOS shares won't be the "same" as 1xHBOS, or 1xLLOY - roughly they are half the "new" stock, but the split is nearer 40%/60%
- that is the risk. ( See RNS - which makes it clearer...). However, if you can buy the old HBOS shares cheaper than the "Offer" that's a different matter since you make a cash profit on the deal . . . . but this is unlikely to be v.much by the time you've paid the purchase "tax", Broker fees, etc. - Also, the LLOY sales will be made worse, by the spread, fees, etc.
[EDIT - re yr comment, Yes missed the Window of Opportunity, yesterday I guess. It surprises me that "shorting" and trading isn't subject to a "lock-out" when companies are in Merger talks. For the majority of people it does no good for the Market to continue to speculate, - always more losers, than gainers.]

Personally, FWIW, I think LLOY paid too much.

It is evident this "deal" was fixed by GB to protect his tenure.....wash my mouth!

DD,

After a re-think my plan wont work now. might have done if i had thought of it y/day and had hindsight :(

Alex

a general question.....if you have bank accounts/savings accounts and mortgage with HBOS could there be an anticipated 'please stay' loyalty insentive....maybe set at a date prior to the buy out.....

Working lunch stated Lloyds HAS taken over HBOS...