HBOS shares

tradetime

free4440273 wrote: »

^correct: rights issue was a potentiality at one point....they took their cue from HBOS bloodbath :grin

LOL, think they getting £900 ish mill from Sumitomo Mitsui Financial Group, a Japanese bank as a starter.

free4440273

^correct TT: reported in the FT and Times last week also:)

setmefree

Shares up a little this morning 275.50

Conrad

As a mortgage broker I wanted to put this into the mix;

According to lender reps that visit us, mortgages have never been more profitable as they are now able to 'get away with' higher rate margins and fees. Furthermore these same organisations are recruiting heavily in the mortgage sector and offering direct to lender deals on a scale not seen for 20 years, which enables them to sell add ons that would have previously been sold by brokers.

As an example the C & G regional manger tells me the average profit on a mortgage was just £200 over it's life (remember a lot of customers remo away after 2 or 3 years), but now is over £1200 which he says is unprecidented.

Furthermore almost every specialist lender has stopped lending with many having shut for good. These lenders took a big share of the market and 1 year ago there were dozens of them, but now only First National (GE) are lending.
Dont make the mistake of thinking these specialists only dealt with subprime. They were serious players backed by large institutions such as JP Morgan, Lehman Bros and many others.

The effect of all this is that the few remaining lenders are enjoying large levels of business, so much so that for example Woolwich and Bristol & West have shut doors to new lending (via brokers, not sure about public) for the mo, and service levels at all lenders are stretched like never before.

agent_orange_2

setmefree wrote: »

Many thanks agent orange for bringing my earlier post to my attention and for your apology.

Whenever a hardworking person hits hard times they are on their own,no support from the banking industry. they merely get a reply of well you knew the risks at the time.
Now when the banking industry gets into trouble they get full financial support, i admit they have to pay it back and so they should.
HBOS shares have dropped dramatically on two occasions, on these occasions the FSA have stepped in and warned first of rumours,Never proved which has been admitted by the FSA and on the second occasion abuse of short selling..
The FSA has also supported the Banking Industry over their bank charges..i.e. no more claims through the courts until the final result of the test case comes through.
But the Banks are still allowed to apply their charges???
With regards to the shareholders losing money with the falling prices, how can they blame others for this, such as the media coverage etc etc..if i had shares i would have pulled out a long time ago, why take the chance when even the Governor of the bank of england is saying things look gloomy.
agent orange i was critised a while ago on here in the banking industry thread when i said that other Banks will suffer in the future, in fact i was classed as mad .

273.00

Good morning Setmefree, sorry I haven't got back sooner, other interests have meant I am unable to keep such a close eye on the hbos sp.

The sad irony of your wish to see the banking industry crumble, is, the big players will survive and thrive, whilst smaller outfits will be snapped up at basement levels.
Banks will be required, customers will pay more. Have no fear, the worse off will suffer greater financial pain, the big banks (read John Steinbecks Grapes of Wrath)
will rise from the ashes. Let's hope so anyway, because, the consequences of failure are very bleak.

Conrad

Which Banks would people buy shares in in the comming months:

I'm thinking;

HBOS
RBOS
B & B
A & L

Any other suggestions for Banks shares that have fallen in value considerably recently?

free4440273

What about Lehman :rotfl:

agent_orange_2

Conrad wrote: »

Which Banks would people buy shares in in the comming months:

I'm thinking;

HBOS
RBOS
B & B
A & L

Any other suggestions for Banks shares that have fallen in value considerably recently?

Barclays sp seems to be struggling

setmefree

agent_orange wrote: »

The sad irony of your wish to see the banking industry crumble, is, the big players will survive and thrive, whilst smaller outfits will be snapped up at basement levels.
Banks will be required, customers will pay more. Have no fear, the worse off will suffer greater financial pain.

So would the Big Bankers have survived without the billions of pounds that have been injected into the industry of public funds???
If the Banking Industry is our back bone, then why do they have to be offered behind closed door secret bailout deals,as was said by Alistair Darling.
And why should the shareholders of N.R. want to pursue matters further through the courts for more compensation for their shares, and more to the point will the tax payer foot the bill for it if they succeed.
Now i'm really interested,Agent Orange what is your honest opinion about the thousands who have lost their homes because they couldn't keep up with the repayments because of different reasons.

268.00

agent_orange_2

setmefree wrote: »

Now i'm really interested,Agent Orange what is your honest opinion about the thousands who have lost their homes because they couldn't keep up with the repayments because of different reasons.

268.00

Look setmefree, you mention 'thousands', there I assume you mean in the usa. I am not aware of any figures for enforced evictions in the uk. That's not to say it isn't coming - if you believe the doom-mongers, it's just a question of when.
I'm genuinely sorry for people, who no fault of their own, find themselves unable to service there mortgage due to redundancy or spiralling interest rates. The sad thing is, so many people have fallen into the trap of believing that the house you live in is a 'cash cow' and availed themselves of easy credit. The chickens are coming home to roost.
I am not defending the banks, who have eased lending restrictions and together with others vested interests, have allowed house prices to become out of kilter. They are reaping what they have sown. But, ironically, the biggest will beome bigger.
As for the government bailing out the banks, think about the alternatives.