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



The chart looks like one long suicide note.

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

am out too and at a profit for a change!!

maggiebt4 - you are as right as I can determinwe - LLOY is tainted by history(my words), because these two businesses saw advantages in being one. BUT the Regulator would not allow it - it was but a dream . . .however I suspect LLOY weren't too close to the HBOS books, rather they look at the "big picture - and like what they see.
(now), with Government blessing ( and who know what else, as the deal was "done" rather quickly methinks)....the deal is about a "done" as can - for whatever we punters think, Institutions will determine this - and I suspect (but cannot know!) that they like the idea of stripping out costs and having a large Bank that can rival anything in the World, paid for by Mortgage cash-input.
Yesterday I bought a few HBOS for this reason:- the differential is out of step and if a "renegotiation" was likely, the City would already know - but I suspect most Institutuions hold "roughly" the same amount (of each stock) so they won't lose either way and Time is of the essence - to avoid any further damage to UK-plc.
Er, let's hope.

(Let's not forget that only 2-weeks ago GB was nearly kicked-out (it was only the lack of anyone else!...) - yet now he's seen as a Big International Finance Player, who may have just grasped the nettle correctly.)

Personally, I think his bad-calls far outweigh anything good,
BUT that doesn't matter right "Now".

is that your guess or reality, for i see nothing on Reuters?
if reality, i cannot believe that will be good for HBOS sp either

even though HBOS is now only 149 (164 day's high), LLOY has dropped back to 205.5.

therefore at 0.83 conversion, HBOS would be valued at 170 but at 0.6, only 123.

HBOS does not look a good bet to me at these prices, and i certainly see no advantage to HBOS trying to go it alone, even if they can.

Rising to fast for me, with little good news on the world financial meltdown I fear a big drop any day now. Short sellers in USA back soon

doh! you can't short financials now!!

The US Securities and Exchange Commission (SEC) has temporarily banned naked short-selling of US stocks and short-selling in general in US financial stocks.

Cynic when short selling resumes how long do you think before they put another USA bank in trouble, which in turn will effect banks here. Wake up and read the post.

it's actually wake up and smell the coffee! ..... just for your historical knowledge, income tax was also brought in as a temporary measure, from meory to pay for the Napoleonic Wars ...... strange that we still seem to be paying for those - lol!

Just for you short selling in the USA has started again

Bloomberg

Shorts Return

The end of a three-week ban on short selling financial stocks may reduce the market's record price swings as hedge funds increase trading.

After the Securities and Exchange Commission started the rule Sept. 19, volume on the New York Stock Exchange dropped 35 percent and the Chicago Board Options Exchange Volatility Index surged to 57.53, its third straight record. Options on the VIX, as the volatility gauge is known, imply it will fall 44 percent in the next two weeks after the rule expired last night

sure glad i bailed out yesterday

May regret your call come Monday!

Maybe Monday will be cancelled along with Tuesday and Wednesday.

God forbid they suspend stock exchanges.

We are entering luny-land, with many stocks priced far below their real+Cash values . . . the trouble is no-one believes anything Execs say, the closer to Banking they are the less we trust them.
I suspect a secondhand car is potentially better-value!
(at least it only loses half the value over three years!)

I bought some HBOS yesterday and already am 25% down (with spread) . . . yet in any normal trading day everyone would mug me for HBOS stock anywhere under 2 . . . . heading for under 1 as madmen sell small holdings, fearing worse is to come.

Personally, I thought GB's (Wednesday) plan was about as good as we could expect. What we need is a "Trigger" - and I suspect the US-election might just be "it" - when folk can look-again at what is reality after a few days of bally-hoo.

Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound lifeline, the Sunday Times reported.

there is a much more in the report on Reuters and it does not make comfortable reading

Buying opportunity on Monday

You don't think then that with the UK Gov taking preferential shares in these banks that the sp will actually go down as your holding is given second place to the Government?

Sell as soon as ye can the Lloyds deal is terminated... sp 49p tomorrow.

how come if gov funding will be at least what lloyds offered. lloyds were taking the pee at time and its obvious they dont have much capital either as they r struggling to do deal.
hbos are selling oz counterpart and with gov funding and more than 5 billion profit they will be fine