HBOS shares

chardir

As an HBOS shareholder I can vote for or against the Rights Issue and Capitalisation Issue. So, given the current share price why would I vote for them? Surely if these issues don't go ahead the share price will recover because the relative value (proportion of the company) will revert to the pre-announcement value.

tradetime

Interesting to see some attempt to defend against short selling.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqMMCJtuoFGg&refer=home
The US have been talking about this, since some character over there has been on TV openly trying to encourage people to drive Lehman into the ground.

free4440273

Don't think Lehman will be with us in July; RIP

tradetime

free4440273 wrote: »

Don't think Lehman will be with us in July; RIP

Hard one to call, many people have been talking about the differences between Lehman and Bear, and that is why Lehman is not another Bear. For me that is neither here nor there, the key in a situation like this is confidence, doesn't matter what your model is, if your clients lose confidence and move their accounts then you're dead in the water.
The one thing Lehman has going for it, that Bear didn't, is access to liquidity from the discount window, and thus they should be able to ride a temporary loss of confidence, but only time will tell, I wouldn't bet either way personally.

free4440273

I'm betting one way (fictitiously): they are goners

dunstonh

Why arent we getting any share price updated now that the price has risen over 12% today so far?

Dick_here

dunstonh wrote: »

Why arent we getting any share price updated now that the price has risen over 12% today so far?

People are too busy buying them to talk today

ianmr65

ianmr65 wrote: »

Shares have bounced back, a bit, follwing positive comments in the FT's lex coloumn!!

Suspect the reality is that the shorters are springing a bull trap...:cool:

Looks like the FSA thinks so too!!

http://www.ft.com/cms/s/0/a612fe64-3912-11dd-90d7-0000779fd2ac.html


"The chief City of London watchdog is clamping down on short selling in the shares of companies undertaking rights issue, amid extreme volatility in the share prices of some of the UK’s largest banks which are seeking billions of pounds from shareholders to repair battered balance sheets."

setmefree

dunstonh wrote: »

Why arent we getting any share price updated now that the price has risen over 12% today so far?

Oh sorry Dunstonh, i have just become overpowered with laughter most of the day...
When HBOS shares dropped in March of this year the FSA came out with this

http://www.theregister.co.uk/2008/03/20/hbos_bank_england/

And now three months later, and HBOS shares have had another big drop they come out with this

http://news.bbc.co.uk/1/hi/business/7452312.stm

Roll on September's theory
:rotfl::rotfl::rotfl::rotfl:

Oh yeah Share price 321.75

ianmr65

setmefree wrote: »

Oh sorry Dunstonh, i have just become overpowered with laughter most of the day...
When HBOS shares dropped in March of this year the FSA came out with this

http://www.theregister.co.uk/2008/03/20/hbos_bank_england/

And now three months later, and HBOS shares have had another big drop they come out with this

http://news.bbc.co.uk/1/hi/business/7452312.stm

Roll on September's theory
:rotfl::rotfl::rotfl::rotfl:

Oh yeah Share price 321.75

Yeah strange isn't it!!... it may have something to do with the fact that:

1) FSA HMG, and BoE have got nothing else left, but to try to regulate them out of trouble.
2) An HBOS collapase would be extremely embarrassing, and cause a serious credibility problem for a country and economy that is 'robust, and capable of weathering the storm of the current crisis' ; notwithstanding that clamping down on shorting will lead to a mass exodus by the larger hedge funds, and investment banks.
3) HBOS print bank notes that are legal tender!!

Intresting that the pension funds and institutional investors are waiving two fingers at the FSA, and will continue to rent stock for shorting.

I still think the bounce is a bull trap!!... we'll see.