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



The chart looks like one long suicide note.

If that renegotiation was a done deal then I think the market would have reacted by now. HBOS is currently over 10% above 159p

Yes that is what I don't understand. Possibly MM's trying to get more on board before dropping the price?

Don't know frankly...

M&G says backs original Lloyds-HBOS deal
AFX


LONDON, Oct 2 (Reuters) - M&G, a major shareholder in HBOS Plc. and Lloyds TSB said on Thursday it supported the takeover of HBOS by Lloyds under the original terms agreed.

M&G is the second major investor to formally back the deal on the original terms after Standard Life Investments on Wednesday gave its support.

'We support the deal on the terms as announced,' the fund manager said in an email.

M&G is the sixth largest shareholder in both HBOS and Lloyds, according to Thomson Reuters data.

Yes that's why the sp rocketed yesterday.

Not sure what's going on now so certainly not buying in.

what a cracker! ..... shame i sold 1/3 yesterday, but that was at a 38p profit and was prudent profit taking ..... shall not be buying more at these levels, and may prune again around an arbitrary 210 level

very bizarre. CNBC still saying the same.

guess I shouldn't be surprised in these mkts!

saying the same as what?

HBOS are issuing 1 additional share for every 38.2207578 held in lieu of the 2008 interim div. Ex-entitlement date was 1.10.08. Issue date around 6.10.08.

read earlier post.

Wells Fargo and Wachovia agree to merge which might explain this upside.

thoght Wachovia was taken out several days ago by JP Morgan

apparently not

as you said ..... just pulled from cnnfn.com site ...... AIG: keeping core property, casualty insurance business and seeking buyers for other units. Wells Fargo, Wachovia to merge.

Also BOE collaterol auctions opened up

I think it is a good time to let go at 202p before the weekend as anything can happen. Market too volatile.

taking a profit cannot be wrong and i have just closed another 50% of my holding at 200 .... if i wanted to play that game, i think the last portion actually stands me in at zero

I sold at 1.97 - thinking should I get back in ?????? First Hurdle been passed in America, so should be done and dusted tonite ....... or will it !! choices,choices :-) Playing with profits, but still dont like losing, see nearer end of day (20 mins)

no .... work out the upside potential, so prob getting a bit tight ..... good chance that Dow will boil over after the initial surge following the (positive) vote, so cheaper way in may be tomorow morning if you so wish.

just noticed i obviously qualified for 393 freebies .... lovely jubbly! = an additional profit of near enough 800

hows that cynic - (the freebies) - what have i missed

Sod it - back in at 2.00, I still think they should be nearer 2.40 mark so upside potential is huge, probably that'll be the kiss of death!! But in for a penny in for two pound !