Abbey Nat. Share Discussion Threads

[seva] 15/9/2004 07:55

Why are some people buying this at 158???

[sandbank] 15/9/2004 07:54

SEVA: If you look at the trades some people were still buying parcels of as much as a million shares up to the closing bell - ouch! However a strong line of selling started around 4.30 pm . As usual, someone somewhere knew something!

I'm really sorry to hear that the market makers lost money on this. Gosh how awful for them.

[seva] 15/9/2004 07:49

I WAS GOING TO GO LONG ON THIS YESTERDAY-GLAD I DID NOT.
MARKET MAKERS LOST A LOT OF MONEY ON THIS.

[sandbank] 15/9/2004 07:25

Statement re Abbey National PLC ('Abbey')


Further to the announcement made on 2nd August in respect of a potential
combination with Abbey, HBOS plc ('HBOS') has now concluded its analysis.

Notwithstanding the very substantial opportunity to create synergies, and a
strong competition case with which to engage the regulators, HBOS has decided
not to proceed with an offer for Abbey.

HBOS believes that the shareholder value inherent in its existing prospects is
superior to that likely to be achieved through this combination.

[a77] 14/9/2004 13:23

Speculation has been holding that HBOS (HBOSHBOS) plans this week to launch a 10.5 billion pound hostile bid for rival U.K. bank Abbey National (ANLANL) this week. Abbey has agreed a 8.7 billion pound deal with Spain's Banco Santander (STD).

Yet some large Abbey investors are growing impatient. Murdo Murchison, the vice president of Franklin Templeton told The Times (of London) that HBOS should make its case soon.

"The sooner the phoney war is over, the better," he said. HBOS "have had enough time to think about it." Separately, the Times reported that mortgage lender Northern Rock (NRKNRK) has hired Citigroup as an advisor.

HBOS shares were down 0.2 percent; Abbey shares rose 0.3 percent; and, Northern Rock was little changed.

[timmyman] 14/9/2004 10:02

Im in long - december 622p - can see this going or a run for the rest of the week - 10p drop yesterday seemed mad - although i am getting a bit twitchy about HBOS not bidding - in slight profit at the moment but a nice bid from HBOS at 680p would be nice

[dm1] 13/9/2004 15:19

Yes it's HBOS to bid, never thought Lloyds would.

[anointed trader] 13/9/2004 13:03

seems to be dropping too!

[a77] 13/9/2004 12:37

Monday September 13,
Lloyds TSB Unlikely To Bid For Abbey National - Source

[dm1] 13/9/2004 11:44

Thanks Broadwater--lots of daytraders in this it seems, shorts closing, long from late morning.

[broadwood] 13/9/2004 09:09

The postponed HBOS Board Meeting will now take place this week - odds still 60:40 on a bid.

[shirishg] 13/9/2004 00:46

Post removed by ADVFN

[wendsworth] 12/9/2004 16:47

I think THIS will be THE WEEK !!!!!

Hang-on in there !!!

[impecunious] 10/9/2004 19:40

On the iii website someone pasted a report from Dow Jones Newswires from last night, referring to HBOS making significant progress in assembling its bid according to those close to the situation, etc....

Perhaps further clues (or is that 'leaks'-?) in weekend press.

[wtacraig3] 10/9/2004 16:54

Do you think somethings about to happen? 19 million buys vs. 5 million sells.

[dm1] 09/9/2004 07:20

Banco Santander bid now worth 591p nicely underpins the shareprice. HBOS bid expected to be in the 650p+ level. HBOS never comments on timing of board meetings. DM1

[impecunious] 08/9/2004 22:44

HBOS: starting to look as though they are all talk, no action, perhaps ?

Anyone know when their [rumoured] board meeting is due to be held?

[wendsworth] 07/9/2004 17:40

broadwood : Tend to agree . BB is quiet this week !

[broadwood] 06/9/2004 08:58

This is the crunch week as far as HBOS is concerned.Not sure which way it will go but apparently the Board meeting was postponed last week as they were still not fully prepared.

I'd say 60:40 on an HBOS bid- then the fun really starts.

[wendsworth] 04/9/2004 13:07

Another 'cracking week' for all holders UP 21 PENCE .

Wonder what next week will bring ?

[wendsworth] 02/9/2004 18:03

Hang on in there !
Why sell ?????
There's always been plenty of upside and that is clearly the market' view!

[dm1] 02/9/2004 08:50

Lloyds also showing interest:

[dm1] 02/9/2004 07:54

Santander have said, if another bidder comes in, then they will increase their bid. HBOS would only find out after they bid, if Commission allowing takeover by them. Seen as 80% successful. DM1

[markth] 01/9/2004 17:58

HSBC may bid too. I am holding :-)

[maddox] 01/9/2004 17:46

Bluemango,

See DM1's post 726 above. It states that Deutsche Bank put the odds as 75% on HBOS bidding and 80% of HBOS success and that they could afford to pay up to 715p.

Regards, Maddox