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



The chart looks like one long suicide note.

Bloomberg saying the deal is being brokered as we speak by Darling and Brown.

Reading between the lines and looking at the sp suggest to me if the deal isn't done they will go bust.

IMO of course

Got burnt by NRK, not going down the same road again - yet!

from CNN (cnnfn.com) this morning .....

Embattled British mortgage lender HBOS PLC has confirmed that it is in advanced talks about being taken over Lloyds TSB PLC.

The brief Wednesday announcement gave no details and added that the talks may not lead to an agreement.

HBOS is the parent company of Halifax and the Bank of Scotland. It has come under pressure because of its exposure to the U.S. subprime mortgage market, raising questions about whether it can refinance its debt. The bank says it can borrow money whenever it needs to.

well imo, gov't would and could not dare to let one of the big 5 clearers go belly up

Agreed but they could nationalise it and shareholders then get nothing.

You know. I have a very bad feeling about all of this.....

Strawbs.

One arguement for remaining a Building Society. No shareholders to answer to.
Presumably the Nationwide is sitting pretty safe amongst all this turmoil.

On the way back down to 1

Some smaller buiding societies are going bust as well which is why there is consolidation in the sector. Looks as though nobody escapes.

Glad I couldn't get back in !!! I reckon there driving the price down so they can make a stupid offer like the one above, 'where will it all end " not bothered made my money. But what a few days and a few more to come i should think !

so why have all the major banks other than hsbc gone in reverse and hit the 10% down trigger therefore suspended

Did u buy in, cynic?

what an extraordinary day ...... sp in backwardation yet again or perhaps suspension for last 10/15 mins of trading and now showing as a close of 142.9

stroreysj - I've traded on and off for years and never seen anything as mental, ever !! Even after 9/11 it wasn't like this. Looks like them floorboards are coming up again, but which currency shall we hide ???

im fast becoming immune to this whole thing. So what if it swings 300 points against you it is usually going to come back at least twice during the day. Hold your nerve and your usually smiling at the end of the day. Bottle it when the screen turns blood red and you will be chasing losses all day. IMO

100p tops in my opinion.

Im in at 138 wont sleep tonight Will just dream about my new car if goes up to 180 Wednesday. My Thai wife will kill me if I lose her savings. ( Well she did say please invest my money)

Clubman - it is Wednesday!

lol...

Thank's I meant to say Thursday. See what all this has done to me I don't even know what day it is. At least now I can now go to the toilet. That bucket under my desk was stinking.

clubman may at least be able to buy a new tie (groan, groan!)

much longer article now on cnnfn.com ..... "Big UK lenders talk merger"