Hbos Share Discussion Threads

[diku] 22/12/2008 19:07

the only knowledge he has is the heads of the banks managed to blow up billions and billions of shareholder value...and in the process innocent bank workers have lost their jobs and livelihood...whilst the heads keep their cushy jobs with expenses!!!...

[joe say] 22/12/2008 18:56

LOL - And exactly what knowledge of the financial/banking markets does the CEO of Barclays have ?

[careful] 22/12/2008 18:40

the flow of cash dried up, that is all.
HMG had to fill the gaps.
A good business to be in.
end of story.

peston will be getting his zero's mixed up as usual.
forgetting to say that a loan is not a gift.
switch over to the other channel and prof niall ferguson is giving an informed talk on the subject.

[baronstjohn] 22/12/2008 18:15

Panorama: The Year Britain's Bubble Burst, Monday 22 December at 8.30pm on BBC One. The BBC's business editor Robert Peston reflects on a cataclysmic year for our banks, the economy and his role in the turbulence. In the programme, Barclays chief executive John Varley tells Panorama that banks need to recreate trust with the public.

[milkygateway] 22/12/2008 18:05

Hi, assuming the deal goes through, what will happen to HBOS shares i own at the middle of January? Will they automatically be converted to Lloyds TSB shares (83 LLOY for every 100 HBOS).Note i only bought the HBOS shares a couple of weeks ago if that makes any difference.

Finally, if on the day before HBOS shares are suspended 83% of the LLOY price is greater than the HBOS price, then shouldn't I just put all my money into HBOS and make a big profit when i get them converted into LLOY? Or will the 2 prices gradually move towards each other over the coming weeks to prevent this arbitrage?

Thanks

[raweden] 22/12/2008 17:18

Number 1 - please do not mis quote me I have said no such thing. I have stated facts supported by info from official sources rather than give a personal opinion. FYI if you want a personal opinion I think on balance the deal will go through.

[mattu11] 22/12/2008 17:16

LLOY 8% down, HBOS up, makes perfect sense!

[number1] 22/12/2008 17:11

raweden - you must be crazy to think the merger will not complete ... the government has given it's blessing and that's all that matters - all other hurdles insignificant as we have seen to date ....

[bryan2] 22/12/2008 16:24

Tonight on BBC the Government spokesman John Peston will present a TV programme showing that, whoever is to blame for the present financial crisis, it is not the Government.
The Bank's Deputy Governor for Financial Stability, Sir John Gieve will say that the BoE did not appreciate the extent of the financial crisis.
The blurb for the programme suggests that it will look at the internal operation of the British credit market as being the cause of the crisis.
The fact that the major cause of the crisis; the operations of Wall Street, with Sub Prime,CDO,SIVs and massive fraud thrown in will not be of much concern.
Northern Rock in August 2007 was portrayed as being a maverick, one off, bad egg. Therefor the BoE did not need to worry about interbank-bank liquidity and would only need to lecture on "moral hazard" to fulfill its responsibilities.
Readers of this thread know what an appalling degree of complacency was shown by the BoE at the time.
Now that all British Banks have been brought low by the same lack of liquidity, the need to rewrite history is self evident.
With the upcoming court case for compensation almost here, expect the Government spokesman John Peston, to say that Northern Rock shareholders are due nothing.
All through the present crisis, Peston has appeared at sensitive or critical points to explain the Government case.

[cool hand kev] 22/12/2008 16:22

raweden: thx U

[debbiegee] 22/12/2008 15:50

lloy gridlocked,we only need to see lloy going through 130 for movement

[raweden] 22/12/2008 15:45

cool, 14 January is proposed last day of trading in HBOS. Shares then suspended and reopened as the new LLOyd Group on 19 Jan 2009 (proposed dates taken from info on HBOS site).

Dates and deal still not a certainty though - check out this link at the Lloyds site for details - its a sort of, all you need to know about the deal Q&A:

There's UPDATED comment from LLoyds itself answering key questions including comment on speculation the deal may still not go ahead and what other approvals are needed before the deal can proceed.

[cool hand kev] 22/12/2008 15:17

whats the date for the merger?

[sleepless1] 22/12/2008 14:46

It's going to be a long haul but I think it will be worth it. Rgds.,S1.

[debbiegee] 22/12/2008 13:31

Perhaps if lloy were to appear stable more would buy hbos.

[unicorn77] 22/12/2008 13:11

I assume the shorts have to close on this but don't on Lloy?

[tiggerboy23] 22/12/2008 12:39

The 1 hour xmas rally is here!!! LOL

[wrightey] 22/12/2008 09:03

Are these tracking LLOY down or is there something else in the wind.

[diku] 21/12/2008 23:11

in an ideal market the HBOS share would track LLOY share...but since HBOS year end trading statement over a week ago...fear sentiment amongst HBOS shareholders has increased...also with the FED cutting rates to near 0% on economy concerns...the gap has widened further...

[shaf5] 21/12/2008 22:59

porridge are you sure the conversion is carried out the way you mentioned. i thought every hbos share was equal to 0.605 of a lloyds share. Therefore 1.34x0.605= 81.6p. I hope you are correct though.

[porridge3] 21/12/2008 22:40

tigger

Hbos is oversold, running at a 20 discount to lloy and traditionally share prices tend to rise in the 3 days prior to xmas, also I can't understand any aprehension to holding over xmas?, at least the share price remains stable when the markets are closed.

good luck whatever you decide.

[diku] 21/12/2008 22:38

what is the ticker symbol for the HBOS preference shares?...

[tiggerboy23] 21/12/2008 22:35

True but going away for xmas and just wondering if anybody thinks this could rise over the next couplpe of days.