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



The chart looks like one long suicide note.

POintless RNS - IMHO.
We knew this - and, what's it to do with Mandy?

Anyone watch yesterday's programme about HBOS?
Sadness that Execs are only interested in satisfying their greed.

BBC news: European bid for HBOS!!!

Sky news confirms counter bid.

Without trawling through all the previous posts, can someone tell me please what the original offer price/deal was? There is probably a counter bid coming:
"Scots entrepreneur Jim Spowart believes a European financial services company is interested in taking over the troubled bank.

No detail about the new bid nor the identity of the foreign bank has been given but the interest is "genuine", according to Mr Spowart.

The news comes a day after the UK Government gave Lloyds TSB's planned merger with HBOS the green light.

Mr Spowart is meeting Scottish Secretary Jim Murphy to discuss the possibility of a second bid for the troubled bank. (BBC News)"

government body also stated concerns about hbos-lloyds merger deal esp with significant jobs going.

think price was 113 point something pence.
original price was 232p i think

if i got this wrong sorry but i'm new to this but been watching stockmarket with interest this year and trying to learn.
if anyone can advise any good share tips or advise when its right when to buy back in again into shares.

the original offer was 0.83 LLOY shares for every HBOS but there have long been rumours that this will be reduced to 0.6, or even that one party or the other would walk away.

at friday's close, LLOY was near enough 200 and HBOS 100, so make of that what you will

The offer was changed on 13th October due to unprecedented volatility in global markets, the revised terms agreed with HBOS are that HBOS shareholders will receive 0.605 Lloyds TSB shares for every 1 HBOS share.

As for the rumoured interest from a European Bank, when you think HSBC were willing to pay 0p for hbos, I can't see another bank paying more than Lloyds.

One other tiny fly in the ointment is that according to this w/e's FT, HBOS are due to write down another 5bn in the second half of their financial year, connected to treasury assets rooted in the U.S. sub-prime market.
Just on rumour this may well be worth a quick punt on monday, imo. In & out though pdq!

I would think the wholesector will go up now that things aren't looking quite so negative.

LLOY - up, because the HBOS deal might not go ahead - so it's back to dividends being restored, etc, etc, sorta kinda.

HBOS - up, with two outfits now fighting over it instead of just one.

The rest - up, on the back of the band wagon and the possibilities of some Arab money beefing up liquidity.

from what i have read, this so-called new bid for HBOS has little chance of success and is only at very preliminary stages of raising finace anyway

50-60% chance according to main guy involved.........only thing is mandelson is trying to bulldoze lloyds deal through.

my read of that is "not much chance"

So what does following RNS mean....? How much is worth per HBOS share..?

* To proceed with the acquisition on revised terms, adjusted to 0.605 Lloyds TSB shares for every HBOS share from 0.833 Lloyds TSB shares for every HBOS share.

Depends on sp of Lloy at present 195 values HBOS @ 117.975 if my math is right

Peter Cummings is a fall guy..

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5333346.ece

no hurry to get into financials just yet, though level is reasonably tempting ...... some say there will be the traditional strong december bounce, but though that might be true in many or even most years, it would be a brave girlie to bet her knix on it

I agree there is no hurry to buy banks I reckon they could fall another 30% before rising..

If I can buy them at 20p or less than so be it.

2009....another bad year....looks like it !.

The next 3 months could be bad imo.

racing certainty ..... i doubt if the markets will even think of stabilising until late Q2, and that has an element of wishful thinking ..... it is only once that happens that (world) trade can even contemplate picking itself up, and anything perceptible (meaningful if we are very lucky) is unlikely to happen before end Q4