HBOS shares

something_girl

napoleon wrote: »

That's what they said about shares in Marconi, Northern Rock, etc. And look what happened to them!

You don't just hold shares in any old company in the hope their shares will go up in value, you invest in a company with growth prospects.

mine were all free shares anyway, on flotation, just gutted I didn't cash them in when they were £12 a share, as it is, I've just ignored them since I got them in 1997, so I'll just forget about them now too, didn't cost anything.

torbrex

napoleon wrote: »

That's what they said about shares in Marconi, Northern Rock, etc. And look what happened to them!

Got my fingers burnt with them, I held the line, 'its Marconi, its a huge company, they would never allow it to go under'. I got nothing back for the shares I held, I could have sold them at £0.10 each and got something back but I still could not believe that it would happen.

Having said that, I do think HBOS will bottom out and rise again and if I get my guess right, I will catch them on the rise.

napoleon

something_girl wrote: »

mine were all free shares anyway, on flotation, just gutted I didn't cash them in when they were £12 a share, as it is, I've just ignored them since I got them in 1997, so I'll just forget about them now too, didn't cost anything.

That doesn't make sense. It doesn't matter if you got them for free. The fact is that they're worth something now. But they may not be worth alot in 6 months or a year's time.! Especially given predictions for the housing market.

david78

I got some 430 shares when they demutualised and put them into a PEP. I moved them into general investment trust shares when they were about £11. I have some other exposure to them (and their preference shares) through another UK investment trust, and I have lost on these over the past 12 months.

HBOS should be able to make a lot of money from their savers over the next year or so, so hopefully the share price can improve from where it is now.

setmefree

Banks will suffer more even those who were comfortably off, are now starting to struggle. even companies are feeling the strain..Things are going to get worse regardless of what the Financial Industry says..you only have to take a look at the way the Government and Banking Industry have changed their views over the last few months

http://news.bbc.co.uk/1/hi/business/7441522.stm

napoleon

david78 wrote: »

HBOS should be able to make a lot of money from their savers over the next year or so, so hopefully the share price can improve from where it is now.

Most analysts are predicting much redeuced profits in coming years so you can expect the share price to fall further!

Old_Slaphead

napoleon wrote: »

Most analysts are predicting much redeuced profits in coming years so you can expect the share price to fall further!

If analysts are predicting lower profits then that will be reflected in the current share price!

thor

the shares are almost a third of their max of only a few years ago. The big question is will their dividends be similarly reduced. I'm not convinced they have suffered that much from bad loans so they may be worth more than the levels they are wallowing at now.
Having said that, I firmly believe that share prices are controlled by the herd mentality of the poeple buying or selling them.

setmefree

Share price today 325.00

setmefree

Oops....321.00