What should I do with my HBOS shares?

d712

Hello

I've had about 180 shares in HBOS for ages now. I got them as part of an earlier merger and have never really taken much interest in them.

Their current price is 70p, their highest price in the last year was nearly £7 and they used to be around the £10 mark.

What do you think I should do with them now?

Thanks

Buddy195

d712 wrote: »

Hello

I've had about 180 shares in HBOS for ages now. I got them as part of an earlier merger and have never really taken much interest in them.

Their current price is 70p, their highest price in the last year was nearly £7 and they used to be around the £10 mark.

What do you think I should do with them now?

Thanks

Not much point selling unless you need the £100? Would hold them until the price improves....

d712

Thanks

At what price do you think I should start thinking of taking the money and running?

ad44downey

Wake up. HBOS doesn't exist anymore, it's Lloyds.

sabretoothtigger

Its too small an amount to trade so you should either consider increasing the amount in the forthcoming open offer or if you need 100 then halifax will sell these for a fiver and its going to be a rubbish price if you sell now whatever so really you should hold for ten years and spend the dividends on beer

Also lloyds will increasing your holding by 4 shares in may for free, you lucky son of a gun

d712

ad44downey wrote: »

Wake up. HBOS doesn't exist anymore, it's Lloyds.

The shares were originally given to me by HBOS. OK, so I didn't mention they are now Lloyds, does that REALLY matter??

The fact is I have these shares and was asking at what price should I start to consider selling them.

d712

sabretoothtigger wrote: »

Also lloyds will increasing your holding by 4 shares in may for free, you lucky son of a gun

I'm sorry I didn't quite follow what you meant about the changes that will happen in May. I will get an extra 4 shares, how is that worked out? Is it based on my current shareholding?

Thanks

sabretoothtigger

Yep scrip dividend in lieu of monies.
You should hold basically, at some point they are also allowing people to buy new shares at 38p and the open price is 70p so in theory you might be able to profit from the difference

opinions4u

d712 wrote: »

The shares were originally given to me by HBOS. OK, so I didn't mention they are now Lloyds, does that REALLY matter??

Well it does rather. Lloyds will have replaced your HBOS shares with Lloyds Banking Group (LBG) shares. You probably only have 100 of these so the value of your holding is worth about £70.

The fact is I have these shares and was asking at what price should I start to consider selling them.

When you need the money. I have rather more and have decided to "forget" I have them and see what the next decade brings.

d712

I know the changes that have been made and the resultant effect on the shareholding. I wasn't happy with someone on this forum telling me to wake up for not making an unnecessary reference to something that is common knowledge anyway.

I was referring to the number of shares I originally had when they were given to me. The shareholding is irrelevant to my question, the important issue was the price of the shares and what I should consider selling them at. To me, the fact they are are now Lloyds rather than HBOS is neither here nor there.

Hence my annoyance with ad44downey.

sabretoothtigger

The shares were about halved on take over due to the failure of the company despite lloyds being half the size of hbos so it is relevant