Halifax shares from floatation

msc83rmd

As a customer, I was given a number of Halifax shares when it was floated over 10 years ago. Soon after, these shares were worth well over £1000. I've just come to check on there value recently and found they are now worth about £100. Is this right? I know the bank share prices have dropped recently, but to be worth less than 10% of what they were is unbelievable. Does anybody know if this can be correct, or does it sound like there has been an error somewhere?

Thanks

Aegis

msc83rmd wrote: »

As a customer, I was given a number of Halifax shares when it was floated over 10 years ago. Soon after, these shares were worth well over £1000. I've just come to check on there value recently and found they are now worth about £100. Is this right? I know the bank share prices have dropped recently, but to be worth less than 10% of what they were is unbelievable. Does anybody know if this can be correct, or does it sound like there has been an error somewhere?

Thanks

Sounds about right for many of the banks.

Rollinghome

What sort of Halifax shares? Halifax Bank of Scotland/HBOS were taken over by Lloyds TSB last year. Halifax plc merged with BOS to become HBOS in 2001.





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opinions4u

msc83rmd wrote: »

As a customer, I was given a number of Halifax shares when it was floated over 10 years ago. Soon after, these shares were worth well over £1000. I've just come to check on there value recently and found they are now worth about £100. Is this right? I know the bank share prices have dropped recently, but to be worth less than 10% of what they were is unbelievable. Does anybody know if this can be correct, or does it sound like there has been an error somewhere?

Thanks

Welcome to MSE forums.

Have you watched any news bulletins in the last 18 months?

Have you ever head of phrases like "Credit Crunch" or "Robert Peston"?

HBOS tanked - they had a habit of lending money to property developers who couldn't repay - so we're both lucky to have shares worth something rather than nothing at all.

ses6jwg

Lol, you been living under a rock?

Halifax went tits up and the black horse had to ride in and save em.

sabretoothtigger

Right now Lloyds are still raising money to pay for buying halifax as it nearly went broke which has been awful for the shareprice, they might go up next year again

ses6jwg

My grandad holds thousands of Lloyds shares at an average price of £4.00

He and many others have been royally shafted by Brown.

Lloyds were forced into the merger as they were the only bank with a strong enough balance sheet to offset the disgusting toxic assets on HBOS's books.

Utterly utterly shameful.

gozomark

If the merger hadn't happened, I suspect Lloyds would have collapsed as well. Your anger should be directed at the directors of Lloyds, not the Government.

TREVORCOLMAN

ses6jwg wrote: »

My grandad holds thousands of Lloyds shares at an average price of £4.00

He and many others have been royally shafted by Brown.

Lloyds were forced into the merger as they were the only bank with a strong enough balance sheet to offset the disgusting toxic assets on HBOS's books.

Utterly utterly shameful.

Where do you get the info that Lloyds shares are worth £4? a few days ago they were around 55p.

Current:

http://uk.finance.yahoo.com/q?s=lloy.l&d=t

debbie42

TREVORCOLMAN wrote: »

Where do you get the info that Lloyds shares are worth £4? a few days ago they were around 55p.

The poster said it was an average price, so what they had paid for them, on average. I have a fair few RBS shares with an average price of around ten times the current share price. I try not to think about it too much, :rolleyes:

[Deleted User]

Hi,

msc83rmd wrote: »

As a customer, I was given a number of Halifax shares when it was floated over 10 years ago. Soon after, these shares were worth well over £1000. I've just come to check on there value recently and found they are now worth about £100. Is this right? I know the bank share prices have dropped recently, but to be worth less than 10% of what they were is unbelievable. Does anybody know if this can be correct, or does it sound like there has been an error somewhere?

Thanks

you should have shares in LBG now, there's been a lot of changes since Halifax BS, have you not noticed change of name, rights issues, shares instead of dividend last year, there are no dividends now.