HBOS shares

~Chameleon~

The entire Futsee has taken a nosedive today, even Barclays (-14%) and HSBC (-12%) shares are well down.

HBOS currently 58.50 pence.

ad44downey

Yant1 reckons HBOS shares are worth 600 pence. And he's an 'expert'. They're at only one tenth of their real value now . Surely they're a real bargain? Haha

poppy10_2

~Chameleon~ wrote: »

HSBC (-12%) shares are well down.

Lots of rumours circulating about HSBC's position not being as rosy as they made out - they have a lot of expsoure to emerging/far eastern markets, whose economies are tanking right now. They may have to make some major writedowns. There's no solvency issue, but they will not be making any major profits for a while. Share price should start to follow the other banks downwards.

alchemistkevin

frames1_uk wrote: »

Got an extra 16 HBOS shares today in place of a dividend, yipee, so now I have 668 shares in total. Oh joy.

Oh, how I envy you!

sabretoothtigger

~Chameleon~ wrote: »

The entire Futsee has taken a nosedive today, even Barclays (-14%) and HSBC (-12%) shares are well down.

HBOS currently 58.50 pence.

I wouldnt say even barclays, in theory they are open to the most speculation. They have to raise 6bn in funding still otherwise they will have to take the governments money, while thats still open its an increasingly bad bet as they'll take the current share price

I guess Hbos tanked because their arrears on their vast mortage book are expected to rise (even more), leading into a doomsday scenario for them though in theory they should weather the storm now

Small amount of good news is the american markets ignore our plight and do ok anyway which inversly means we may not fall again on monday. Earlier the sp500 was expected to fall so badly that they stopped futures for it

ad44downey

Just like the good old days

HBOS shares CRUMBLE 14% today alone

Just how low can these turkeys go?

sabretoothtigger

They are just losing previous gains after the low. The other bid dropped out, the libor rose in the US and no doubt plenty of other reasons for doom

This time however lloyds fell by almost as much so you cant call hbos a bargain really, not short term anyway

74.5/149= 0.5

The lloyds general meeting is in 2 days

setmefree

Share Price 74.50 :eek:

http://uk.youtube.com/watch?v=McojYpF1t-0

The_MoneySavingKid

When seeing that "HBOS" deserve" to collaspse,how do you mean? As in to be picked up by another company or the government? Or just go...into..admin/bankrupt or whatever..?
Could someone tell me if the latter is possible whatsoever at the moment? and if so..will it be prevented in any way.

sabretoothtigger

It is possible but the government has already indicated nationalisation is the worst that would happen. That would be terrible for everyone in the uk and the shareholders but customers would be ok.

All thats happening now is that hbos shares have lost alot of their worth, lloyds will pick up the bad debts and manage it.
The idea is to stablise things & clean the books so the world will invest in britain again basically.