HBOS shares

millie

I shall probably support this group http://independenthbos.com/ trying to stop the takeover, after all the shares are that low I have not got much to lose by them giving it a go.

sabretoothtigger

"there is no automatic right of access to the recapitalisation scheme" - which is not what Burt and Mathewson have believed to be the case. Darling says that any institution applying for an injection of capital from taxpayers "must have a sustainable business model and delivery plan" and its "funding profile, sources and mix must be clear, broad-based and sustainable."
HBOS's own board determined that it flunked those tests, that the probable alternative to being taken over by Lloyds was full-scale nationalisation - hence its decision to agree to be taken over by Lloyds TSB.

http://www.bbc.co.uk/blogs/thereporters/robertpeston/


About sums it up for me, I'd prefer a recovery if it were feasible but i've not heard of any plan to rival 1bn of cost savings per year.

Considering banks will be making less profit even if they make any so reducing costs seems a good plan, better then we can just carry on

That HBOS shareholders have an opportunity on December 12th to reject the Lloyds TSB Offer

The lloyds vote is in a couple of days and hbos is taking another month

ad44downey

HBOS shares plummet 15% today.

cbobting

have the chinese withdrawn their interest then?

setmefree

I see that Lloyds share Holders have agreed to the HBOS take over :rotfl::rotfl:, bye bye Lloyds..do these people never learn

Lloyds share price 128.20 -3%

http://uk.youtube.com/watch?v=mXcQGsoDkDk

setmefree

Closing share price 118.50 -12.70%

:eek: :eek: :eek: :eek:

Nagiw

...and HBOS share price 64p - was over £8 less than 12 months ago. No-one has done well out of this fiasco...except for a few who already have too much.

Sorry to sound bitter but a lot of people deserved a whole lot better from the people who were literally paid millions to manage our money.
:mad:

sabretoothtigger

cbobting wrote: »

have the chinese withdrawn their interest then?

They were window shopping but yep I believe there is no counter offer except a couple of ex bos guys want to be elected to the board

gunnaknow

setmefree wrote: »

Closing share price 118.50 -12.70%

:eek: :eek: :eek: :eek:

Are you sure? I have HBOS as 2% up today. Not much but atleast it's not a drop.

http://uk.finance.yahoo.com/q?s=hbos&m=L&d=

Nagiw

118.50 is LLoyds closing price.