Hbos Share Discussion Threads

[debbiegee] 06/1/2009 07:18

yes and as the gov paid for rbs miraculously brokers notes and media reports came out leading to rbs shares meeting gov price to save their faces.
People in high places have shorts open and must close b4 the merge
Take advantage of be kind to shorters week as I still think something will come out of the media to drive share price higher just before the deal goes through and of course any last shorts to close.

[sgfund2] 05/1/2009 23:43

then this really is a bargain at these levels

[diku] 05/1/2009 23:27

gov not paid yet...but it's 113p...65p for RBS...

[sgfund2] 05/1/2009 22:34

any idea what they paid for hbos?

[boraki] 05/1/2009 22:21

Not too sure. sounds about right though.

[sgfund2] 05/1/2009 21:48

was it 60p for rbs?

[sgfund2] 05/1/2009 21:46

what price did the gov pay for these?

[rmjpb] 05/1/2009 21:28

The pension issue will have been discussed at length from day 1 of this proposed merger, at the highest levels including with HMG. It is a fundamental part of the company and cannot be seperated. The scheme will be in deficit now - but so are most with SM at these levels. So whats new? Nothing, this is all just last minute jitters that gives us all a great buying opportunity.

[this is bust] 05/1/2009 21:04

WITH THE CLOSING AUCTION AND DOW FINISH IM GLAD MY ORDER WAS NOT FILLED, TOMMORROW SHOULD SEE 65P

[debbiegee] 05/1/2009 20:53

And if nobody buys or they all sell in panic you make a bundle? LOL !!!

Nothing has happened to change the fact that the deal is on track.
Ever since it was arranged hbos traded app 10% less than parity.
It was just getting nearer then the silly pensions story came out[after 3 months and both banks shareholders voting ]LOL !
Sometimes a little more sometimes a little less depending on if anybody is trying to scupper the deal or if friends are having to close shorts.
Lloy have never been anything else but supportive,the last case being when they stated that the pension case should not effect the deal.
We have no reason to think the deal will not go through !
If anybody has open shorts they have to close before the merger !
This thread has been quiet as a lot of us just look into lloy!

Do not let the manipulaters have a free run here !

[fatboy1nc] 05/1/2009 20:33

just don't borrow money to get-in on this share and u can sleep at night.

[mryesyes] 05/1/2009 20:32

Mr YES YES Proposal to HM Government
If the 12th deal is not straightforwardly accepted, the treasury takes 49.9% of HBOS and its loan book, leaving it to sell new mortgages and retain scottish and halifax savers, and its trading names.
Result : Shares trade freely and go above current levels
The Govt saves the bailout money it was giving to HBOS and minimises its deal with LTSB or gives it nothing immediately unless needed to stay solvent. LTSB might then extend its rights issue closing date and be trading at a premium to it.
Cannot see why anyone would object. Gordon could say the govt was in a better position than under the previous scheme, esp if LTSB got no funding until it had had the opportunity to do a Barclays and then if it failed to raise funds get a bit off Brown.
Govt creates company holding Northern Rock, HBOS and B&B mortgages and bides its time, gaining credit by helping people under its banks to stay in their homes where possible. Eventually it would break even and go into profit.
I just cannot see why Halifax and Bank of Scotland need to be subsumed by LTSB.
No one is happy about it really, its just a nasty situation. LTSB & HBOS have disgraced themselves with their latest rights issue, amounting to little more than a con trick on the most unwordly private investor, blatently thinking some idiots will send in cheques. Also HBOS paying its scrip holders at the 232 rate when the market price was under £1.30 companies doing this are unworthy of the trust of any small shareholder.

[this is bust] 05/1/2009 19:24

yes i know that diku, the point is that the premium was rather high!

[diku] 05/1/2009 19:23

they gave a premium price due to t20...you could have had 67.2 had you done on t3 or t5...

[diku] 05/1/2009 19:21

I think HBOS will finally dictate where Lloy price moves and finishes on the last day as separate entity...as HBOS has greater amount of toxic...

[mryesyes] 05/1/2009 19:00

This is a mire of despair isn't it.
HBOS trading at 0.5-0.535 of LTSB when both sets of shareholders have voted for
0.605
Both pathetically making rights issues at massive premiums with a closing date
immediately before the competiton commission ruling
Quite clearly LTSB board would rather HBOS was taken over like B&B and trouble is unless the commission qives the green light with NO caveats on LTSB (likely?) LTSB board could refuse to accept the caveats
I can see LTSB refusing even the slightest caveat to avoid the deal, and also refusing to let the government take control leaving the government to either over-rule the commission (causing LTSB shares to go below £1 as it takes on the HBOS mortgage book with house prices at 2000(at auction)-2004 (rare event of estate agent sale) prices, the govt keeping people in their homes etc
Santander won't take over the book, only the savings as with B&B
I believe LTSB will take issue with even meaningless caveats, I believe it wants a solution somewhere between Barclays and RBS and to forget HBOS
So do a lot of other people, there isn't really room for a further reduction in the cost of HBOS but its just a gamble on whether LTSB is forced to take HBOS at 60.5 as it will be if the commission raises NO objections, otherwise the govt will have to deal with HBOS share suspension if short selling returns on the 16th
I don't really understand how Brown has got the LTSB directors this far, probably would not have before the latest house price info.
No doubt some under the counter deal will be done but apart from shorting HBOS on the 16th or sooner if you can (I suspect some small time slimes have today) there is no clear winner in sight, suspect backing either horse is for day traders

[debbiegee] 05/1/2009 18:39

Dont forget as hbos merges wih lloy the longs will be reimbursed with lloy at .605 but the shorts will get nothing so all shorts must close on the last day of hbos trading as the epic will no longer be so they have no possibility of buying them back !

[milkygateway] 05/1/2009 18:11

And with the FSA ban on short-selling to expire on the 16th, Lloyds and HBOS could both fall! Hopefully by that time, the super bank will be a done deal!

[millymoose] 05/1/2009 18:06

Don't forget that Lloyds can fall to close the gap

[missagain] 05/1/2009 17:42

Gotta agree with roughandtumble - I bought some more HBOS just because the conversion factor to Lloyds means I make at least 8% (the way they stand at the moment that is)

[roughandtumbleone] 05/1/2009 17:31

Why would anyone be buying LLoyds at around £1.25, when they can be buying HBOS at such a discount to the Lloyds share price? Assuming everything does go through on the 14th, the conversion of 0.605 Lloyds shares makes it a compelling argument to buy HBOS whilst it is discounted below the Lloyds share price - anyone agree?

[brando69] 05/1/2009 17:07

glad i checked out of these on friday. put it all into jarvis.