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



The chart looks like one long suicide note.

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

ah well, patience is a virtue

HBOS pension concern may delay deal with LLOY - anyone up-to-date on this, now that we are back to Trading-Days...?

FWIW, I think HBOS should be grateful anyone is prepared to give this old dog a home, it may have lost its teeth and collar, but the rumblings from its tummy (and the smell!) indicate to anyone that dares look - this animal is unwell and needs expensive hospitalisation.
Memo for LLOY execs: - This is your last chance to walk - - - - please!

Ex-HBOS chief Sir James Crosby asks to return knighthood

Former HBOS chief executive Sir James Crosby has asked for his knighthood to be removed and has resigned as a non-executive director of Compass Group.

He will also forgo 30% of his £580,000-a-year HBOS pension following last week's critical report into the bank's collapse during the financial crisis.

Sir James served as chief executive at HBOS between 2001 and 2006.

The Banking Standards Commission report called him the "architect" of the strategy that led to HBOS' downfall.

His request will now be considered by a Whitehall honours committee.

On Tuesday evening, it was also announced that he was stepping down immediately from Compass, the world's biggest catering company.