London Scottish Bank Share Discussion Threads

[andrbea] 29/9/2008 11:09

the 4 Irish banks will probably become 2 over time (IMO)
same goes for all the banks with Scotland/Scottish in the title...

sector consolidation to survive?

[davius] 29/9/2008 10:51

The collapse in the share price here seems to be rather worse than in the rest of the banking sector. LSB is now capitalised at a lowly £6m and down over 18% today.

Probably not worth bailing now as my holding is relatively small and has been more than halved from an 8.88p average. Also, barely a month to go until they have to get things sorted either way.

With the demise of BB and the likely buyout of HBOS I have to say I'm starting to feel a little pessimistic as to whether they'll be any return at all on this share...

[m4p] 25/9/2008 18:26

hi MeanM

Any idea whats happenning here?

[meanm] 25/9/2008 18:22

Johnspain

I agree completely my friend. Trying to find 5% to close the short position will not be easy over the next few weeks, and should in itself raise the price to a great extent.

[johnspain] 25/9/2008 09:10

re short position.
I see it as possitive.

when was the position taken, I would imagine north of here. haven't seen any significant selling recently.
so, if they are not adding to it then it's in the price and the only effect will be when they close, and this should be pretty dramatic I guess. someone suddenly needs to buy 5% in an illiquid rising share :)

that rise at the end of August only had a volume of 2m

[jgflynn] 25/9/2008 00:39

I see one of the hedge funds has declared a 5.33% short position on LSB. Even with moderate buying LSB is moving up and so the hedge fund might be forced to close some/all of its position and doing so will drive it up further. So ironically this could be positive for LSB.
On the other hand its seems to be a strange choice for shorting as it would be relatively illiquid compared to other financials. Do they believe it will go to the wall?
I could be reading this all wrong so would be interested in others opinions.
Note I have a small holding in LSB so have a vested interest

[cyclingnut] 24/9/2008 14:41

so....on the up side..any day name we could get an RNS saying the board recommend such and such a bid from such and such a company....or the dreaded....talks are off!!

[gigglestrip] 23/9/2008 23:21

If you objec to shorting:

Please sign the petition
MAKE IT ILLEGAL TO SHORT SELL STOCK EXCHANGE SECURITIES.



sign up, it ends 25 September 2008 (2 days time)
pass it on to many as possible

[m4p] 23/9/2008 23:13

wheres ole MeanM?

Any updates MeanM?

[grlz] 23/9/2008 19:06

Dav - I imagine its all fun and games with the press as facts tend to get in the way of stories, pity a few national titles (like the FT) couldn't exagerate an LSB bid ;)

market's being cautious in how they price LSB before this October deadline.

If the outcome is positive, which I believe it will be it can only surge from this lvl

DYOR / all imho

[cyclingnut] 22/9/2008 09:06

The Slickers were prosecuted for writing so called "false" articles about companies...at least they got the prices and months correct!

[davius] 22/9/2008 08:42

You have to wonder. Not only did they get the closing price completely wrong, but also the month they need to raise the required capital by to prevent a forced sale.

But then, the papers have always liked to Jazz things up, accuracy is not high on their requirements list (and I speak from personal experience).

[harmoye] 22/9/2008 08:40

sp up on early trading. With a number of interested parties hopefully announcement will be very soon....lol

[johnspain] 22/9/2008 08:28

where do they get that rubbish?

[andrbea] 22/9/2008 08:23

LSB SINKS FURTHER AS TALKS DRAG ON

London Scottish Bank was again one of the worst performers amongst Greater Manchester's listed companies, with its shares falling 31 per cent. They ended the week at 4.84p after the struggling lender said it still continues to have a shortfall of regulatory capital - £12m at the end of August - and still needs to raise £32.5m by the end of this month or be forced to sell the Manchester-based business. It did say, however, that it is still in talks with a number of interested parties, which may or may not lead to it being bought.

[andrbea] 22/9/2008 08:23

LSB SINKS FURTHER AS TALKS DRAG ON

London Scottish Bank was again one of the worst performers amongst Greater Manchester's listed companies, with its shares falling 31 per cent. They ended the week at 4.84p after the struggling lender said it still continues to have a shortfall of regulatory capital - £12m at the end of August - and still needs to raise £32.5m by the end of this month or be forced to sell the Manchester-based business. It did say, however, that it is still in talks with a number of interested parties, which may or may not lead to it being bought.

[grlz] 19/9/2008 14:15

cyc - may have legs back to 8.... or 4 depending on how the next 2 weeks go. I was tempted to buy on the dip today but i'm using my limits to t-trade the banks. Not a bad day for it either ;)

[harmoye] 19/9/2008 14:02

I'm in purchased today...lol

[cyclingnut] 19/9/2008 13:42

on this medium rare subprime (steak) nightmare

[cyclingnut] 19/9/2008 13:29

cheers boys....anyone tempted at these levels?

[davius] 19/9/2008 12:59

Putting the shares into a pension fund would protect any profits made from the taxman. It also means he's probably been able to offset any current loss against profits elsewhere for this financial year as he has sold them. You won't put likely losers into your pension fund any more than you'd put them in your ISA, it implies he has, as John says, confidence in the stock.