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



The chart looks like one long suicide note.

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

Enter Le Trichet head buried in sand. It is interesting that the fear is about 300 times greater now at 10,000 than it was at 14,000 last Summer, admittedly since certain things have come to light...

Dow Jones showing more weakness...could go below 10,000 today

Lets hope Brown has something good to say at 15.30 otherwise I think FTSE will have a bigger fall than 300 points

prudence.......stability.....liquidity.....erm, what other good words.....lol

raith rovers for the title

Gordon has lost confidence in himself already.