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



The chart looks like one long suicide note.

have also bought a few more at this level ..... confess i am very puzzled by the melodramatic fall, when it is not even HBOS who are even alleged, let alone actually asking for gov't cash

only answer might be if LLOY are pulling out of the deal altogether, for LLOY is now at 234.5

Going sub 100

wait for 99p .

Cynic is pushing up the price now 102

I agree UK Gov. won't let another bank fail - it would be more than their voters will allow.

However, if LLOY does not complete the takeover, I suspect HBOS will fade away, unless the Markets/Housing recovery pretty soon.(-they won't!).

What logic there is for LLOY . . . I don't know . . . .

I think I'm correct in saying, it's the ex-Mutual Banks that have failed - in other words their Execs were in it for the ride . . . .with no concern for the future, ( so it appears).

Oi scotty .... how do you explain the price fall as shorting has now been banned.

Maybe it just sh*te like MDX .

What price wednesday ?

confess i am totally bewildered by HBOS sp collapse, especially as LLOY closed at 231 ...... there is vague talk about gov't taking a stake in (all?) banks, but as the gov't also openly brokered the LLOY / HBOS deal, they would look even more foolish than they already do (hard to believe i know), if they just allowed it and/or HBOS to die.

finally, as HBOS is a very high profile bank, as opposed to a building soc, the gov't really cannot allow it to collapse.

Hope it rises Wed for you Cynic.

Anybody know how safe Nationwide is. Not a listed Company

Its a mutual - no shareholders!

me too! ..... ouch ouch ouch!



Shares in Royal Bank of Scotland slumped 41 percent in late trading on Tuesday to their lowest level since late 1993 amid concerns over funding needs for the banking sector.

HBOS fell 38 percent, while Lloyds TSB and Barclays shed 10.9 and 17 percent, respectively.

British Prime Minister Gordon Brown and his finance minister, Alistair Darling, will hold talks on the financial crisis with the governor of the Bank of England, Mervyn King, later on Tuesday, a spokesman said.

Does that mean there may be a big rate cut overnight i wonder ..... certainly Darling Brown has surely got to deliver a meaningful statement sometime this evening, but one could have been saying that for the last week, and still nothing

Skinny is it mutually safe then

Just out of auction @94 -14.5% - Quite amazing that ad with the twat singing has just been on the box advertising their high interest account !

I was tempted to sell at 1.20 wish I had now - It is totally crazy - why Lloyds and Hbos have not released statements to the effect the deal was still on is just bewildering. I bank cash every single day from my company, with Barclays, is it safe to do so !!!

Be better off keeping it all and pay suppliers in cash and just keep a minimum balance to pay standing orders / Direct Debits etc.. If it doesn't sort itself out by Friday, that is exactly what I am going to do. I'm not really bothered about the share money, its peanuts in relationship to my company - I'm worried about the banks being there in the morning ! Cash my friends is certainly king at this moment in time.

I am fortunate in the fact 99% of my turn-over is in cash so it is feasible to do what I say, if your running a business on credit, I dread to think what could happen. If your running a Ltd Co. at this moment in time and its struggling, you will never get a better chance to bin it - there will be that many Companies go under there certainly wont be any questions asked thats a fact !! Buy a big safe - and withdraw every penny you can get your mitts on :-)

"I am fortunate in the fact 99% of my turn-over is in cash " - I work for the revenue!






















:-))))

Work for who you want pal - my turn-over is 99% cash, and its all accounted for. Its a legitimate business not a fly-by-night tarmacing co. I dont accept cheques, Visa etc - cash only
Thats why I bank it every day !! And pay the pleasure of paying .06% for doing so ! :-)))

lol

Don't forget what it says on the notes, "I promise to pay the bearer on demand the sum of .." Has the Bank of England got enough gold to pay you?! ;o)

Probably not after Brown sold off half our reserves at a knock down price!