Hbos Share Discussion Threads

[diku] 23/12/2008 16:19

yes HBOS will be moving to LLOY offices soon!!!...

[debbiegee] 23/12/2008 16:00

plenty bought at 62.3 only to fill a 3m sell order at 62.25. Maybe we can move now ?

[porridge3] 23/12/2008 15:58

WHAT IS GOING ON HERE?

[dope007] 23/12/2008 15:54

Banks will maybe be seeing end of year tax loss selling by yankee funds and traders

[debbiegee] 23/12/2008 15:49

There was a 3m sell at 62.25,they fillwd 3 pages with buys even though there were sells waiting to fill the large sell order.Hopefully we can move now.

[debbiegee] 23/12/2008 13:08

.605x125 equals 75.6

I think they are working it out from the other side as lloy holders that they can buy lloy at 125 or buy with a discountof about 13% so they are saying lloy at 107.
ITS ALL ONE COMPANY THOUGH AND SURELY THE BEST DEAL IS TO BUY HBOS ALTHOUGH IF THEY ALL SELL LOY IT WONT HELP ?

[mattu11] 23/12/2008 12:58

"65/0.605=£1.07p"

I've seen several people come up with figures like this and I'm not sure whether to laugh or cry.

[debbiegee] 23/12/2008 12:16

waiting for lloy to break out of 125 level,at this point it could go to 120 or 130.If lloy makes its mind up and can hold it perhaps we can follow.
Not much point buying hbos I suppose if would go back to 120 ?

[billthebank] 23/12/2008 11:13

No matter which way u look at it there is a clear disparity between the HBOS & Lloyds shares which it may be possible to take advantage of but for some reason there is no obvious movement as if holders were to move their holdings then the share price of Lloyds would drop & HBOS rise. Funny that. Clearly there is still some uncertainty surrounding the deal which to be honest is ridiculous. If the deal does not go thro then HBOS is dead in the water. There is no doubt that if u r 100% confident that the deal is happening u would be unwise not to have ur holding in HBOS rather than in Lloyds.

[diku] 23/12/2008 10:35

sentiment has turned a bit sour since the trading statement over a week ago...although the base rates have come down by bigger chunk...the banks are slow to pass it on...the base rate cuts in October have only just kicked in December for borrowers of some banks...so the larger base rate cuts of Nov and Dec will kick in on Jan and Feb of 2009...in the mean time conditions are getting tough...jobs being lost...companies closing down...as we go into the festive season...

sooner HBOS-LLoy become one entity...it would be better for both shareholders...

[debbiegee] 23/12/2008 10:24

dont forget that on the day hbos reported we went up quiet considerably as the numbers were pleasantly not as bad as folks feared.
Has it been factored in that with the reduction of mortgage rates there could indeed also be less repos than anticipated next year.[surely with a lot of folk only having to pay half price less need for repos and bad debt]

[diku] 23/12/2008 10:02

there is abit of a disconnect betwen Hbos and LLoy prices...in an ideal world Hbos price would be tracking LLoy price...under the current economy circumstances where there are more risks to the down side than upside and Hbos seen as a greater risk due to it's exposure to mortgages/commercial market it's a case of LLoy being held hostage by Hbos price movement...though it's still trading at a slight premium based on the conversion figure of 0.605p...

[debbiegee] 23/12/2008 09:27

Worth 75.6 of anybodys money.
The deal is going through.
The shorters will have to close.
Neare the deal some news will come out bringinging them nearer to hmg price,as they did with rbs.

[simon_64] 23/12/2008 09:19

Back i for 10k odd at this price, the shorters will be rushing for the door over here and LLOY over the next week or two, then we will see a nice bounce.

[double entry] 23/12/2008 09:10

joe

lol

[joe_public] 23/12/2008 08:57

lloyds has the least risk of the banks regarding more 'toxic' revelations
and hbos is - at todays price - a cheap way in

[rkjones] 23/12/2008 08:47

Porridge 21 Dec

Your calculation of value of HBOS shares is flawed, You placed a value of 107p on HBOS when (at the time) it was about 80p. A rough calculation based on the 60.5% deal will tell you that HBOS shares will be worth approx 2/3rds of Lloyds price.

The flaw is that you are comparing an investment for a fixed cash amount. Instead of investing £10k try buying 10,000 shares in each holding.

[rkjones] 23/12/2008 08:35

You are assuming that Hbos shares will be worth more on conversion because of the current disparity in price. It could be argued that Lloyds are currently trading at a premium and will fall on merger.

[double entry] 23/12/2008 08:34

nilsvs

what you suggest is what most on this thread are thinking so its an old idea

but Lloyd is where the risk lies

[nilsvs] 23/12/2008 08:28

DE Conversely load up with Hbos since

Lloyd = 124.5 * 0.605 = 73.38p

but Hbos trading @ 65.2p.

nice profit.

:)

[spennysimmo] 22/12/2008 23:28

sell Lloyd, why? The only time to sell Lloyds is if there is still a discount on THE DAY the transfer is due to take place. Otherwise the current untouchable discount means diddly squat. If the ratio on the day is .605 then today's "discount" is of no benefit whatsoever. I seem to recall everyone saying buy HBoS when .833 was being offered and they were trading at .6 and it was "free money" Who gained from that "discount"

[double entry] 22/12/2008 22:53

perhaps you guys should be thinking

Hbos =65p

so
Lloyd = 65/0.605=£1.07p

but
Lloyd share price =124p

so
sell Lloyd

[sleepless1] 22/12/2008 20:14

MILKYGATEWAY.....the deal has been renegotiated since the 83% was on offer, it is now only 60.5%. ie. Your HBoS shares X 0.605 = Your Lloyds shares. Rgds.,S1.