HBOS shares

gunnaknow

Oh, I see. It's not a 12.7% drop though, that's the price drop. It dropped 9.68%. Still, not good.

http://uk.finance.yahoo.com/q?s=LLOY.L

paul5046

Nagiw wrote: »

118.50 is LLoyds closing price.

One year ago they were nearly 600.
Long term banking is a good business, money never go's out of fashion. Once they rebuild the reserves wont it be a good business again, irresepective of wether they take over HBOS. The only way to lose is if you get nationalised and LLoyds dont seem to be in that boat.

Where does my logic fail. I'm talking long term, say 5 years.

sabretoothtigger

I think long term for these shares is more like 10, 5 years is optimistic

The Olympics is in 4

pizzagirl

paul5046 wrote: »

One year ago they were nearly 600.
Long term banking is a good business, money never go's out of fashion. Once they rebuild the reserves wont it be a good business again, irresepective of wether they take over HBOS. The only way to lose is if you get nationalised and LLoyds dont seem to be in that boat.
.

It's already has been part-nationalised so I really don't know where you get your information from

paul5046

pizzagirl wrote: »

It's already has been part-nationalised so I really don't know where you get your information from

Lloyds has?

sabretoothtigger

Not quite yet, when they merge with hbos I think government will own 40% of the big bank mainly due to hbos


Government are the underwriters, so if no one else buys by around the new year thats when they become owners. At some point in the future they'll sell these shares onto the free market but not likely before the price recovers. so 5 - 10 years imo

Short term its an obvious support to price as government wont sell, long term its a depressant as when they eventually do it'll flood the market. I expect them to sell off in parts like they would with any large 'asset'

Neil_G_2

Just to add to this, I work on behalf of Lloyds TSB and we have updated our website with new pages to give consumers info about the proposed HBOS acquisition. Information about Government support can be found here:
http://www.lloydstsb.com/merger/about_the_deal.asp#govsmoney
Neil

sabretoothtigger

A group of businessmen, bank customers and shareholders is to seek a legal ruling over Business Secretary Lord Mandelson's decision to allow the deal.
The group is to seek the ruling from the Competition Appeal Tribunal, a specialist legal body which decides appeals on competition issues.

http://news.bbc.co.uk/1/hi/scotland/7756385.stm

[Deleted User]

sabretoothtigger wrote: »

http://news.bbc.co.uk/1/hi/scotland/7756385.stm

See also: http://www.mergeractiongroup.org.uk/

sabretoothtigger

Lawyers for the Merger Action Group (MAG) trying to halt the takeover of HBOS by Lloyds TSB yesterday told the Competition Appeals Tribunal that Business Secretary Lord Mandelson failed to balance public interest concerns against competition concerns when giving the deal the green light.


The hearing in London, which is being conducted under Scots law, was told by the lawyer representing the group that the merger should be referred to the Competition Commission.

http://www.theherald.co.uk/business/news/display.var.2473933.0.Mandelson_lacked_balance_on_bank_deal.php