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



The chart looks like one long suicide note.

Lloyds have a good deal that they would not have got in normal times because of competition rules. Gorden has greased the right wheels to get this through, so I think it will go through at the agreed price, if they don't GB will send the MI6 and SAS boys round to see them.

heard a rumour tonight of counter 300p bid

I thought the price was 500p. Different pub I suppose.


8-)

Heard a rumour these were 9 odd once.........

In today for some.

Thank you very much.

i would have thought that the odds of this deal completing (or just possibly via a white knight) are strongly in favour - i.e. >85% ..... certainly HBOS's sp movement indicates that, and i for one am absolutely delighted and care not if it finished well off its highs ..... not sure if i would have taken (any) profits during the day had i been around

having bought at an average of 124, current price is yummy indeed ...... often i would take a profit at this juncture, but i am either being very greedy or merely following the adage of running a profit (and even cutting a loss occasionally!)

well done to you cynic..

all thanks to you i think

have now banked profit in 1/3 at 169 with a view to potentially buying back again at say 150

These shares could be worth over 2, tomorrow!

why?

Read the news from the USA!

just because the bill has got through the senate, and will probably get through lower house at second time of asking (prob late friday), that does not mean that LLOY will not renegotiate the deal or even that HBOS shaeholders will appove it

Cynic - now your sounding as glum as Mitzy, it was obvious the deal would go through - they had no other option, and the deal with Lloyds is the same there is no other option (no white knight) its done and dusted bar the shareholders vote - who holds most of the voting rights to make it go through - THE BANKS - Do agree with above post though could be day traded up and down a bit but its hell of a gamble, but thats the game :-)

Although Looking more likely!

You would be at least brave to short it. It may wobble, but I guess after the USA pass deal, then it will jump to 200p quite quickly. I have a smallish long at the moment.

there is one very important point about which i am unclear ...... is the conversion (whatever the final formula) applicable at the price the bid was floated, or on the day on which it is completed?

The conversion is .83 of Lloyds share price in reality - so it'll be the price on the day the deal goes through, so they are at hell of a bargain. Two main players have said there happy for the deal to go through at the agreed price (.83 Lloyds) at present should be trading round 2.20 mark - the discount wont last too long when people realise that there is no way Lloyds will back down without causing major damage to its own shares. The main holders are the big city boys - they have the majority of voting rights - they wont want the confusion in the marketplace especially at this time - I would have thought Lloyds and Hbos would release a statement clarifying their positions, it would certainly end all speculation.

Also looking over last 2/ 3 days Hbos rising roughly double Lloyds in % terms wont take long to get to the magic number ! Could go down as well but I bet Hbos fall halve what Lloyds do - to get to the magic number. How did that song go ..... .83 is the Magic Number.

If I was a cynic I would say that they are waiting for their mates to buy in at the current price.

I see even Greek Banks are giving a guarantee on all bank deposits - Goron Brown should have done the same, he wouldn't have to be juggling two banks he cold have done without - and saved a few thousand jobs into the bargain