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



The chart looks like one long suicide note.

Good call, cynic

Glad I came out on friday at 202p.

actually, having dumped to 158 first thing, sp has been very stable at around 170 ..... bit of a "boo hoo" that i did not sell all last week, but there still looked to be good upside (prob still is) and minimal downside ..... anyway, albeit that the last tranche netted less than it might have, it was still at 45/50p profit from purchase price

Not if the talk is true that the banks are going to be part Nationalised. Talk that billions pumped in in return for shares, maybe preference. Nobody seems to know what the scenario may be but possible that exising shareholders MAY be wiped out.

If anyone has any history to share on this (I think Sweden may have done it years ago) it would be appreciated.

THE WORLD IS GOING DOWN THE DRAIN.

where did you find this bit about nationalisation, or is that only related to to BNP taking out Fortis (BNP is already part gov't owned) or the Icelandic situation?

It's all the news on CNBC, Bloomberg and BBC 24. nobody seems to know what is going to happen but all the talk is about the unlimited guarantee other nations are giving savers. Also that emergency plans are being drawn up to invest billions into banks in return for shares. If they take a stake in preference shares then existing shareholders will be OK. Otherwise, I presume at best existing holders will be diluted and at worst extinguished. Darling to give statement to Commons this pm.

PS Iceland has just suspended all share dealings on their bank stocks.

Ireland. Do you think they have the cash to pay out every customer in full, should a full meltdown of the Banks happen.

Iceland not Ireland. The simple answer is no. They hadn't the funds for 35000 let alone 50000!

i would not be surprised to see BoE cutting rates today rather than wednesday and Fed likewise

I was asking the question about Ireland not the frozen food place

Ah understand now, sorry!

have prob been very foolish (we'll see) but have just bought back in at a couiple of coppers more than i sold at this morning ...... shall be monitoring carefully, but sp has been very stable since about 09:00

You deserve a medal for bravery anyway.

Perhaps you'll need a copper to lead you away to the funny farm ... lol

;-)

Wow...cynic...you are brave or what?

bolt missing! .... but actually nicely in the money at the mo

The Dow pre-market still shows banks are weak

logic for buying HBOS was as follows ......

HBOS down 25% compared to LLOY doen 18% ..... differenetial was greater eariler.

LLOY currently 272, so on original terms of 0.83, conversion = 226
If terms dropped to the mooted 0.60, then conversion = 163

I bought (this time) at 173

Good luck guys. Got to give credit to the Yanks at least they are trying to get things going, pity Brown is not doing much for us Brits.

exactly that ..... hats off to Bernanke who said several months ago that one of the main causes of The Depression was inaction by central gov't and that he would not allow that mistake again