Hbos Share Discussion Threads

[porridge3] 21/12/2008 22:34

tigger

presumably you're selling at a loss?, personally I would hold on, but only you can decide, nobidy on here can possibly give you a definitive answer to where the share price is going over the next nweek or so.

[tiggerboy23] 21/12/2008 22:29

What do we think for this share over the next couple of days up or down as i am thinking of selling tomorrow and not holding over christmas TIA

[porridge3] 21/12/2008 22:09

10k investment

Buys 7407 lloy shares at fridays closing price of 1.35p


10k buys 15384 hbos share @65p, convert these @.605 to lloy shares and that get gets you 9307 lloy shares

£10000 / 9307 = 107p

[sabre1_98] 21/12/2008 22:04

64.2/0.605 = 106.11 isn't it? how on earth do you arrive at 81.6?

[twixy] 21/12/2008 21:58

porridge3 - I am not clear where you get HBOS being equivalent to 107p/ Lloyds from. I calculate that it's 81.6p on the basis of 0.605 Lloyds shares per HBOS share. However, I do hope you are right and i am wrong :-)

This may well have been answered previously and if it has I apologise, but would I be correct in believing that those currently short will have to buy back or subscribe to the open offer?

Anyone know what percentage are currently on loan?

[porridge3] 21/12/2008 21:43

something has to give, lloy 135p, hbos after converstion = 107p, thats now at a 20% discount to lloy.

[porridge3] 21/12/2008 10:18

Crosswire

Its a bit out of order ramping TW. on all unrelated threads.

[crosswire] 21/12/2008 07:18

OFF TOPIC:

CHECK OUT TW. Taylor Wimpey





From The Sunday Times

December 21, 2008

Taylor Wimpey wins reprieve from lenders

Jenny Davey

BRITAIN's biggest housebuilder will strike a compromise deal with banks this week to buy it breathing space to renegotiate its £1.9 billion debt mountain.

The shares closed up 10.9% on Friday at 12Çp, valuing the company at £134.6m.

[the baird] 20/12/2008 18:56

It's a done deal, HBOS will edge torwards a £1 in the next couple of weeks. Both parties have voted, the appeal has been dismissed, a no brainer from here.

[taffee] 20/12/2008 18:40

its at least a year old

[miskers] 20/12/2008 18:35

When was that recorded monty?

[montyhedge] 20/12/2008 17:44

Watch this clip chaps, Jim Crammer loses it about Bernanke, very funny. Worth waiting for.

[harvester] 20/12/2008 09:58

As a LLOY shareholder I was set against the merger.
I saw free-standing hbos as a basket case and still do. Hence, I was forced to sell LLOY at a loss due to the merger.
The current price of hbos is indeed strange but large and sophisticated operators may possibly have still ways of shorting hbos despite the ban( using ADR's ????).
The merger can not now be changed except in extreme circumstances such as risk of immediate bankruptcy which seems unlikely.
Hence, I agree that the discount will narrow by hbos moving up, lloy moving down or a mix of both.
There are several ways of exploiting the pricing anomaly using combinations of shares and options .

[mark1000] 19/12/2008 18:42

I am quite surprised by the way the ratio Lloyds and HBOS swing around - particularly after Lloyds Chairman Victor Blank said that Lloyds had already priced in the big write downs put through by HBOS and were comfortable about them. It was natural for HBOS to kitchen sink it under I suggest firm instructions by Lloyds and of course it ensured a landslide Yes Vote by HBOS shareholders later in the day. I expect that the gap will narrow in the run up to the merger date but by definition it will be Lloyds falling and HBOS rising as arbitrage takes effect. The talk about full Nationalisation is just plain silly the Government would not want to do it they are committed to the Lloyds Management who they describe as being the good guys. The real issue is will there have to be further re-capitalisations with Government funding increasing the Government shareholding above 50% particularly if this recession not only deepens but runs through to 2011.

[porridge3] 19/12/2008 18:37

I would like to know why IGINDEX will not let me buy this on a guaranteed stop loss?, rbs, lloy, barc are fine, so why not hbos?, I am also worried that the gap between lloy and hbos is actually widening.

[shaf5] 19/12/2008 18:17

the price of 0.605 has been agreed and will not be renegotiated. If so all the shareholders would have to vote again.
There will be differences in the 0.605 ratio of HBOS:LLoyds shareprice but these should even out towards the meger time in January.
Mova - nothing to worry about as long as LLoyds share price carries on going up. It will be worrying howeever if the Lloyds share price comes lower and lower

[sleepless1] 19/12/2008 18:08

ssvsjs2......HBoS X 0.605 = Lloyds. Rgds.,S1.

[mova] 19/12/2008 17:15

eastenderboy - i hope you are right - as i just cant see the market giving away money. just dont get it ...

[eastender boy] 19/12/2008 17:12

Think about it... HBOS Wont go ahead of LLoyds in share price ratio, and the shorts need to close by early Jan. look on it as a great time to make extra dosh buy buying LLoyds at a discount.

[spittingbarrel] 19/12/2008 17:12

Eastender boy - I hope you're right or UK plc is completely shafted.

[mova] 19/12/2008 17:12

my only concern is - can the terms be renogatiated now . i can not find the Ts&Cs for the merger/takeover .

[eastender boy] 19/12/2008 17:09

wait until the shorts start to close next week and then you will see that gap close ...