LloydsTSB Shares
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wary
Posts: 789 Forumite
Any thoughts on what the impact of the LTSB-HBOS merger is likely to have upon the LloydsTSB share value, which rallied on Friday & particularly on Monday (peaked around 145) but has gone into freefall these past 2 days (closed at 117.2).
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Comments
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I suspect the Lloyds freefall was more a function of the Deutsche Bank and HSBC news than anything else, banks are about to feel wave two of the pain.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Even though they are already breaking up on the rocks!0
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You don't think it is a good idea to buy LTSB shares just yet then?Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Agree with OP . I know a number of people who have brought shares in HBOS at 80-90p on the basis that HBOS would trade at a discount to the offer of 0.6 Lloyds TSB shares till close , and they expected a 'guaranteed gain'
. I think i would steer clear of this merger as I certainly wouldnt even like to hazard a guess what may happen particularly at HBOS
Andy Hornby/ Adam Crozier- would you like them running your firm?0 -
Nevertheless your words of caution are already proving wise as LTSB shares are already down 3.5% today!
But in the long term one of these downs WILL almost certainly be the bottom.
And you'll look back in a few years and won't believe how cheap they were... and what a no brainer it was to bag a bargain:doh:
But which dip? Well if we knew that.....0 -
When the FTSE hits 3000, they might be worth a look.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
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So, as taxpayers, we've all increased our "stake" in Lloyds TSB today without lifting a finger!0
This discussion has been closed.
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