Abbey Nat. Share Discussion Threads

[dm1] 23/7/2004 10:51

yep about to boil over 500p that's for sure

[feelinlucky] 23/7/2004 10:45

I tell yah..somethin is brewin.

[dm1] 23/7/2004 09:53

long from 487p

[analyzer] 23/7/2004 09:10

Bum, it has gone the other way !! Never mind .............. will watch for weakness ............

[dm1] 23/7/2004 09:04

You're welcome, go long on any weakness.

[analyzer] 23/7/2004 08:06

Thanks again DM1 - small loss for me, but closed 2 short positions ¬

[analyzer] 23/7/2004 07:51

Thanks DM1 - as you say, not a good time to short !!

Will change this as soon as poss !!

[dm1] 23/7/2004 07:46

For those that don't want to click on the link above the important bit from The Times is:

"Lloyds TSB and Royal Bank of Scotland would both be interested in the Abbey, even though the Commission blocked Lloyds TSB’s takeover attempt last time. The authorities, however, could be tempted to take a more positive view of such a deal this time round. One of the main reasons why the deal was stopped last time was because the Abbey aimed to become a force in offering banking services to small businesses. That aim has now fallen by the wayside, as Abbey has instead turned back to its core markets.

There is now also a different face at the Competition Commission. Paul Geroski is believed to take a more empirical view of mergers than his predecessor.

The two British banks could be encouraged to enter the fray if a foreign bidder such as the US’s Citigroup or Spain’s BSCH decided that the time had come for cross-border banking consolidation.

The latest spate of speculation has centred on Citigroup, whose business portfolio is light in Europe. BSCH, a business partner of Royal Bank of Scotland, has even gone as far as making an informal approach to the Abbey.

The time may have come for a bid for the Abbey. If the bank begins to make good progress the shares will look too expensive for potential bidders, hoping to get the bank on the cheap before recovery really does set in."

[dm1] 23/7/2004 06:43

Worth reading particularly The Times first link:






Am still holding all my buys of ANL. DM1

[bigface] 22/7/2004 20:18

So did I DM1

[lavagrouch] 22/7/2004 18:40

Bid rumour (none reported) or leaking of interims. If price has a bid premium built in and is being supported by this then perhaps some good interim figures will also lend support at these levels. Either way somebody thinks they know something, not a good time to short.

[dm1] 22/7/2004 17:00

and I bought more today @ 468p !

[analyzer] 22/7/2004 16:30

Interesting end to the day........ this is about a 30p fluctuation 2day !

[feelinlucky] 22/7/2004 15:52

Looks likme rumours must be doin the rounds again..of another bid!!!

[fouroaks] 22/7/2004 15:51

You're in good company I'm sure analyser :-)

[analyzer] 22/7/2004 15:48

Maybe I got it wrong !! - AGAIN !

[analyzer] 22/7/2004 15:23

Taken a small short at 492.50 with a 500 stop

[fouroaks] 22/7/2004 14:58

bigbury - yes AFX was out at 5:30 this morning on that one.

[analyzer] 22/7/2004 14:58

OK ! I was just not brave enough when it hit 494 !

[fouroaks] 22/7/2004 14:57

Too late analyser (probably). If it's leaked news I doubt if you will find it anywhere - it'll be a 'whisper' around the City!

[bigbury] 22/7/2004 14:56

telegraph article out this am on resolution looking at life cos -but that was am

[fouroaks] 22/7/2004 14:55

Cooling off now. L2 was around 600k buys to 100k sells, but is now 440k to 340k.

[analyzer] 22/7/2004 14:52

Can't find any news anywhere ! Tempted to go short, but it is all moving too fast !

[fouroaks] 22/7/2004 14:48

analyzer - snap :-)