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



The chart looks like one long suicide note.

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

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!

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

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

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.

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

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!

Part government nationalisation on the cards.

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

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

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

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

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.

does anyone else think that todays RNS suggests that the deal may be renegotiated?

according to the paper this am it is

Surely now the merger does not have to go ahead?

HBOS are able to get funds from the Government that would amount to the same thing but without loosing it's identity.

But would it not be money saving to run 1 instead of 2 ie fewer branches and as this is already in the public domain it has more or less been accepted. I would think lloyds would be happy for the deal to go through. Still it's tha share holders decision which probably means the govt now!

have now cashed in all my HBOS holding, not least because neither party is denying the renegotiation rumour ...... since the gov't bailout terms were announced, i think that story is now more credible and current sp is therefore quite well ahead of the game (about 20p i think) if the conversion is cut to 0.6 ..... only thing to keep pushing up HBOS sp will be bears scrambling to cover, but that is a dangerous gamble

Good call cynic

HBOS to pull deal with Lloyd's and go it alone, since UK will bail them out with limitless funding.