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HBOS are they worth 49p (HBOS)     

mitzy - 15 Sep 2008 11:16

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

Chart.aspx?Provider=EODIntra&Code=HBOS&S

The chart looks like one long suicide note.

Clubman3509 - 07 Oct 2008 16:47 - 464 of 569

Skinny is it mutually safe then

skinny - 07 Oct 2008 16:47 - 465 of 569

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 !

nordcaperen - 07 Oct 2008 16:59 - 466 of 569

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 :-)

skinny - 07 Oct 2008 17:06 - 467 of 569

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






















:-))))

nordcaperen - 07 Oct 2008 17:19 - 468 of 569

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 ! :-)))

skinny - 07 Oct 2008 17:21 - 469 of 569

lol

kimoldfield - 07 Oct 2008 17:24 - 470 of 569

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)

skinny - 07 Oct 2008 17:25 - 471 of 569

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

kimoldfield - 07 Oct 2008 17:36 - 472 of 569

The town of Lewes in Essex have the right idea, they are printing their own currency. Let's get back to the days of bartering!

blackdown - 07 Oct 2008 18:08 - 473 of 569

I think you will find that Lewes is in East Sussex.

Clubman3509 - 07 Oct 2008 18:11 - 474 of 569

I took all but 50 out of my Birmingham Midshires account today. There should be around 400 interest owing what happens to this if Lloyds do take over HBOS

spitfire43 - 07 Oct 2008 18:29 - 475 of 569

I'm back in UK for afew weeks and haven't easy internet access, just as well because I would have been tempted to jump in yesterday and today.

With the price difference between hbos and lloy now, I can't see the deal going forward in it's present form. But in this crazy market nothing would surprise me now.

Good luck to those brave enough to trade today, lets hope for a bounce tomorrow.

Falcothou - 07 Oct 2008 18:36 - 476 of 569

Horrible market to trade long in over last couple of days been really quite expensive! I think you have got the right idea Spitfire. In the 1930's the Dow lost 90%value though arguably more over valued than today though similar circumstances. With that in mind it could go to 1500! Good luck

kimoldfield - 07 Oct 2008 18:59 - 477 of 569

Blackdown. Yes you are quite right, I was mixing up my Easts and my Sussexes to come up with Essex. Must have sex on the brain!

mitzy - 07 Oct 2008 19:06 - 478 of 569

Part government nationalisation on the cards.

nordcaperen - 08 Oct 2008 10:09 - 479 of 569

About time they made an announcement (lloy) - if it had been done last week we wouldnt have had the palaver we have !!! Like to see this at 1.70/1.80 later today Working on .833 share split

scotinvestor - 08 Oct 2008 10:22 - 480 of 569

how can this be valued like it was hammered yesterday.......and now today it rockets........pure madness esp for a major share.
corruption in the city again and outside world with chosen few with noses in trough

nordcaperen - 08 Oct 2008 10:38 - 481 of 569

Another spurt now - up to 1.50 hopefully - Big trades going through at 1.60 and even higher, cant work out whats going on !!

scotinvestor - 08 Oct 2008 10:39 - 482 of 569

its not investing anymore......may as well go to bookies......they r probably more honest too

cynic - 08 Oct 2008 18:13 - 483 of 569

yesterday's fall was terrifying but presumably on the fear that the LLOY deal was off and HBOS would be doomed ..... or perhaps just some fund being forced to liquidate ...... today's rise, though sp finished miles off its top merely reflected the virtual certainty that the merger will indeed take place (confirmd i believe during PMQs), though the terms are currently a bit foggy.
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