Hbos Share Discussion Threads

[mova] 18/12/2008 09:17

rawden
i was umder the impression - the green light has been given and the court/regulator approval is just a formality . are you suggesting due to this doubt the market is discounting HBOS by about 6-8% to lloys (.605).
As i find this quite high - at times i suspect , it may be something else which we are not aware of ( i hope i am wrong - possibily slightly paranoid too ) lets hope for the best .

[raweden] 18/12/2008 08:47

debbiegee - the merger is still subject to Court and Regulator approval I believe. Thats why I suspect there's a discount on HBOS shares relative to LLOY

[debbiegee] 18/12/2008 08:46

If lloy can stay at 130 then hbos is worth 80.
No way can they cancel the merger.

[blackwel] 18/12/2008 08:19

ahh, got ya thanks east

fair point debbie lol

[eastender boy] 18/12/2008 08:17

so it should be 8873 x 1.3839 = 12279 new shares @ 113.6 = £13,949.33

[debbiegee] 18/12/2008 08:17

hmmmmm why bother with all that calculation when you can buy them for 70p now?

[eastender boy] 18/12/2008 08:14

for every 1 share you own , you can buy an additional 1.3839 shares at 113.6p

[blackwel] 18/12/2008 08:12

Terms: 1.3839 open offer shares for every one existing HBOS share at an issue price of 113.6 pence

i hold 8873 and my open offer entitlement is 12279 so 8873 multiplied by 1.2839 gives the cost of the entitlement £11392.04 divided by 12279 = 81p per share!! (or am i talking cak?)

[debbiegee] 18/12/2008 08:07

How do you work that out ?

[blackwel] 18/12/2008 08:01

Terms: HBOS ISIN GB00B3DVP054 OPEN OFFER The company has announced that it intends to
issue 7,482,394,366 new shares at the issue price of 113.6 pence per new share, raising approximately
GBP8.5 billion, by a placing and open offer. The new shares will be subject to clawback to the extent
they are taken up under the open offer. To the extent not placed or taken up under the open offer, HM
Treasury has agreed to subscribe for the new shares under the relevant subscription agreements.
Terms: 1.3839 open offer shares for every one existing HBOS share at an issue price of 113.6 pence
per share. In addition shareholders are able to apply for excess shares. Shareholders participating in
the Open Offer will receive Open Offer Shares which will be exchanged into New Lloyds TSB Shares
within one Business Day of their issue as a result of the completion of the Acquisition. If you would like
to accept the offer please notify us in writing by letter or secure message no later than 5.00pm on 2
January 2009.

if i am reading this right then the new shares are only costing 81p each!!

is this right?

[huffyuk] 17/12/2008 23:42

ok just so i get this right. HMG is paying 113 for these im paying less than half! sounds good to me long term is it not?

[porridge3] 17/12/2008 22:40

shaf

There are no certainties in life, wait and see, where it goes nobody knows, I only hold this and barc now, dumped lloy (too much exposure to banks)

[shaf5] 17/12/2008 22:26

yes dow down and especially the banks so can see this one going further down.

[mova] 17/12/2008 22:00

another hammering tomorrow :( ?

[leopold555] 17/12/2008 16:45

Argghhhhh sold BAY to buy this 15p lost per share in one day boo hoo hoo :-(

[diku] 17/12/2008 15:55

HSBC is doing the damage to the banking sector today...investors getting nervous of it's premium rating...though other banks are not falling as much...

[huffyuk] 17/12/2008 15:46

I agree cool.. can't wait to see what this new banks doing a year from now..

[debbiegee] 17/12/2008 15:19

.605x124equals75.02
as usual we are between -7 and -10% of parity
We are at the mercy of lloy now wherever they go we shall follow.
Also some lloy holders selling and buying hbos dosnt help us and of course lloy holders not wanting to be part of the merged group and selling full stop.

[wikroberts] 17/12/2008 15:06

In today's interview to radio 4 LLOY chairman Victor Blank said that he can't see any rational behind all that talks of government nationalising UK banks. He actually to me sounded quite p*ssed off by King's comments and the way the media reported it. He said that a new bank will be a major international player in the near future...

[future financier] 17/12/2008 14:24

Some weeks ago I suggested that I would not put it past the devious socialists in charge of our country to "engineer" a loss of confidence in the banks so that they could nationalise the commanding heights of the economy on the (very) cheap. And many on here accused me of being a paranoid rampant Thatcherite (or words to that effect).

With the government nudges and winks to its favourite journos (we all know who I mean) they are now clearly working on stage one - i.e. the loss of confidence - and now I am not the only one to be concerned that stage two (nationalisarion) may not bee too far off.

The only way for Govt to undo this mischief is to implement Crosby, become a securitised lender to the banks and cut the cost of its existing "bail-out" support to banks.

[porridge3] 17/12/2008 13:31

Debbie

Its not tracking lloy, this is down over 3% and lloy down 1%, but then all banks are down. these things come in cycles, this time next week hbos COULD be 90p or 60p- heads or tails?

[leopold555] 17/12/2008 13:23

Damn got this one wrong, I sold BAY to buy this thinking BAY would drop and HBOS would climb :-/ The reverse has happened arrrrggghhh