I have shares in the banks

elizw

Thanks everyone - I appreciate your comments. There is no one else to discuss this with apartment from MSE s.

sabretoothtigger

86.5/166 = .52 So still undervalued but less then before

elizw

so - now HBOS is owned by Lloyds - please can anyone tell me what they think will happen next - have the losses now been confirmed - will I ever getthe value back again in time? also is anyoe buying the Lloyds Shares that have been offered?

sabretoothtigger

Next is an open offer of shares closing on 6th jan, the offer is above the market price so only the government will be buying unless the stock market rises 20%

After that they'll merge and you get lloyds shares to replace hbos, then it'll be results and more free lloyds shares given out in the spring or summer

elizw

Thanks S. I had my hbos shares in an ISA - is there anything I should do - will my new shares till be held in an isa. Also I had a reinvestment plan both or HBOS and Lloyds. An advice would be appreciated

sabretoothtigger

Reinvestment would be dividend reinvestment in shares I guess, since they cant pay you cash any more it would have to be given out in shares anyway.

The isa might levy a charge for merging the shares I guess but theres nothing you have to do

You'd be better off asking them, I dont operate any shares within an isa since I never hope to make that much.

musclesza

elizw wrote: »

so - now HBOS is owned by Lloyds - please can anyone tell me what they think will happen next - have the losses now been confirmed - will I ever getthe value back again in time? also is anyoe buying the Lloyds Shares that have been offered?

Dont touch the new shares if they are more expensive than the market value - Lloyds will go up it simply has to go up when I dont know but if it falls apart while joined up with HBOS we might meet in a soup kitchen line!!!

At the moment the latest fraud by madoff is affecting banking prices Lloyds are creeping down as have many banking shares as we wait to find out what the exposure to the fund was....

Just sit tight it might take 4/5 years but it will be worth it

fatpig_2

musclesza wrote: »

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Just sit tight it might take 4/5 years but it will be worth it

You could be dead by then. 4/5 years investment in some other sector will probably offer much superior returns.

cheerfulcat

elizw wrote: »

Thanks everyone - I appreciate your comments. There is no one else to discuss this with apartment from MSE s.

elizw, there is a very active Lloyds discussion board on the Motley Fool; there's one on ADVFN as well, and on iii.

musclesza

fatpig wrote: »

You could be dead by then. 4/5 years investment in some other sector will probably offer much superior returns.

The future is unpredicatable - so you could be dead but the biggest error you can make is buying high and sellign low (where the shares are now) of course they could cease to exist but if the banks are bankrupt just hope your matress is full

Eliz your call in the end - I think if the market recovers the banks will be flying