Abbey Nat. Share Discussion Threads

[katoema] 25/7/2004 18:33

No. Have been involved in global financial structuring consortium for US$375Million.

[shumba] 25/7/2004 18:29

were you at the RWW event last weekend? My email is [e-mail]

[katoema] 25/7/2004 18:27

Interesting, family roots from days of Rhodes, but cannot come to terms with the change to Zimbabwe. Nice to know there is someone out there from the old days. Search katoema and make contact!

[shumba] 25/7/2004 18:27

Katoema= Gatooma?

[shumba] 25/7/2004 18:23

Hi Katoema,yes went to junior school in Rhodesia and went to senior school in Zimbabwe.It was either Shumba or Ingwe as a handle.Whats your background?

[a77] 25/7/2004 18:19

Per AFX - - if board accepts £8.2bn that's equiv to £5.60 - what a cop out!

[katoema] 25/7/2004 18:16

Shumba:

Interesting your handle! I used "Shumba" for over 30 years to call my hunting dogs and a house. Background from Africa (Cecil Rhodes) and lions have a lot of meaning. Is there a connection? Nothing personal, but "Shumba" is a name hardly used out of Africa.

[shumba] 25/7/2004 18:15

because some of the trades are reported after the close on Friday,especially trades over the market size thats why you see some of them reported after 4:30.ADVFN should show the date as friday

[abcd1234] 25/7/2004 18:11

not sure
just ignore it

Level 2 shows all is as it was on Friday, and no trades happening until tomorrow morning

[katoema] 25/7/2004 18:03

Thanks for this, but can you settle one's mind as to how they come to be shown, as it is confusing for those that have limited knowledge?

[abcd1234] 25/7/2004 18:01

Kato........those are Fridays trades.

[katoema] 25/7/2004 17:54

Hi!


When you say Friday's trades and we are in real time, how do they refer to Friday. One probability is that they are the beginning of the Friday trades! LSE, give the same data, so does that mean for those of us with access to offline trading are being deceived by the actuality. The Abbey situation, because it happened to be a late Friday rise, so as to monitor what Santander and Abbey are discussing, gives the opportunity to monitor the discussions. Discounting the financial media, camping out on the doorsteps, one must follow LSE ADVFN for example

[shumba] 25/7/2004 17:45

those are fridays trades

[katoema] 25/7/2004 17:11

Feelinlucky...

This is a 24/24 service based in France, looking at our longterm retirement in the early 50's. You are talking on this forum, so which level of service do you subscribe to, as if you have Abbey on your monitor just click on Abbey's trading hyperlink, you will be taken to the uptodate trading. It is this and the LSE site that indicates something abnormal will happen tomorrow morning

[katoema] 25/7/2004 17:05

Here we go! Bloomberg live radio and their site has announced that the Board has agreed to the takeover. Abbey says "No Comment" open to other approaches, is this the back door entrance for RBS?

[feelinlucky] 25/7/2004 17:03

katoema...

Im not sure which drugs u are on...but they sure sound good.

No trades happen over the weekend..and if yes can you please point out where we can take a look on ADVFN..as you so rightly state.!!!

[katoema] 25/7/2004 16:48

If you are on ADVFN or directly to LSE there has been much trading over the weekend and especially today. ADVFN for Abbey when you look at the trading has been interesting with regard to the amount of shares traded. Perhaps you can tell me what this means?

[lamborghini_2] 25/7/2004 16:47

Hi folks

looks like I won't be making loads as I thought, certainly me for such risk i took.

I wonder how the market is going to react tomorrow, i do not think it will decline because, firtsly till the time ANl get out of the market, they will still have to pay a little premium to holders.

[feelinlucky] 25/7/2004 16:45

Mid price?

currently £5.80

What are u on about!!!

[katoema] 25/7/2004 16:44

Where does this leave today's mid price at 530.85?

[katoema] 25/7/2004 16:35

without the understanding of the crossover shares between RBS and Santander, where does today's (this afternoon) reports that Lloyds, HSBC or Citicorp could make an approach be seen? Is it before the involvement of the authorities or, is it up to the Board of Abbey who, after all, have turned down offers that shareholders would have accepted at a high price. Is this going to be just another case that the shareholders do not have a say?

[wtacraig3] 25/7/2004 16:30

Rocket to 6 quid? Hardly think an additional 3.5% could be considered rocketing stuff.

[feelinlucky] 25/7/2004 16:28

Rival Bidders?

An offer for Abbey by Santander may precipitate a bidding war, the Observer reported. New York-based Citigroup Inc. is preparing a bid of 8.5 billion pounds for Abbey, the Independent on Sunday said today, without saying where it got the information. Citigroup spokesman Jeremy Hughes declined to comment.

Other bidders may include Wachovia Corp., HBOS Plc and HSBC, the Sunday Telegraph reported, without citing anyone. Lloyds TSB Group Plc, Barclays Plc or Royal Bank of Scotland Group Plc, which would likely be blocked from owning Abbey for antitrust reasons, may bid to ``muddy the waters,'' the Telegraph said.

Lloyds spokeswoman Mary Walsh and Abbey spokesman Matt Young declined to comment on the report.

A takeover of Abbey would be the largest banking deal in Europe since France's Credit Agricole SA bought Credit Lyonnais for 16.6 billion euros ($20 billion) in June 2003. Among cross-border transactions, it could rival HSBC Holdings Plc's 15 billion-euro purchase of Credit Commercial de France SA in 2000.