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



The chart looks like one long suicide note.

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...

Big Ted,

is that 'has taken over' as opposed 'to merging with' or

deal is signed and sealed and we are just awaiting due process for the new combined shares to issued etc?
Alex

stupid question, but why the big drop

Following the problems in the sub-prime lending market in America and the run on Lehmans in the US and HBOS in the UK, uncertainty has now hit Japan. Reports indicate the Japanese banking crisis shows no signs of improving. If anything, its getting worse. Following last weeks news that Origami Bank had folded, it was today learned that Sumo Bank has gone belly up. Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale and is going for a song.

Meanwhile, shares in Kamikaze Bank have nose-dived and 500 jobs at Karate Bank will be chopped. Analysts report that there is something fishy going on at Sushi Bank and staff there fear they may get a raw deal.

keep it up bullshare...........

has a last day of holding been set yet. ie when hbos shares are removed from the market and you get your new lloyhbos shares?

so strawbs if lloyds are trading at 2.60 ish why aren't hbos at trading at 2.16 (83% off lloyds share price.) Be better off selling out your lloyds and buying hbos

Robert, I've no idea. You'll have to read the long RNS statement by LLOY from this am.

Err. Dunno. I don't hold either, and don't plan to.

Maybe someone else can make sense of it all....

Strawbs.

Time to top up...196p now

Totally agree strawbs - not for the faint hearted , Like playing rouleete this better to leave the table while it all settles down methinks

trying to buy LLOY but poor old Selftrade just cannot cope!

yes...it is quoting 275p to buy and 250p to sell for LLOY...crazy.

Great Stuff Buulshare ...................

Just what we need ....to be able to hold or heads high ...... while others are losing theirs.

regards
Amar

Food is the only safe haven now.

I'm buyin a burger van then !