HBOS shares

setmefree

Share price 296.00

Wakey Wakey
http://www.youtube.com/watch?v=NGhoRRm0I5M

ad44downey

Yet more misery for HBOS

HBOS shares down 7.33% today

setmefree

Yes closing price 287.50

http://www.youtube.com/watch?v=L1K3zYmJ8Jc

[Deleted User]

setmefree wrote: »

Yes closing price 287.50

http://www.youtube.com/watch?v=L1K3zYmJ8Jc

If people want a stock price ticker they will download one, this adds nothing to the discussion. Surprised your not already banned for spamming.

setmefree

Yant1 wrote: »

If people want a stock price ticker they will download one, this adds nothing to the discussion. Surprised your not already banned for spamming.

Wow pull back the horses,trying reading the very first post :rotfl: you will see that it has always been about the share price..
Once again personal abuse being aimed at me:rolleyes:

[Deleted User]

So why do we need the frequent updates, this is not a day trading bullitin board. A share price says nothing without charts and associated data that might occasionally hint at further price moves. If people want to know the share price they look it up, the offer to buy or sell. Apart from a lot of volatility this share price has traded sideways for two months, it might be a bottom but the results are out on the 31st of July and these will provide further information as to whether or not the price is justified.

The broker Goldman Sachs has recently placed this company on its conviction buy list stating that the market has over reacted and it is trading below its book value with a target of 400p. Thus I doubt we will see new lows, there is a formation starting to form that could indicate a big price move upwards, we see this from the break to 320 and the closeness to the 50 day moving average. MACD is currently very positive and near to crossing zero, momentum has crossed zero with a positive gradient. Bullish candlesticks have also been seen. Legal and General and AXA have recently made some larges buys of the shares.

As with anything in the stockmarket things can however change rapidly. But HBOS given its 300 year history of excellent returns to shareholders is likely to remain a good long term investment.

esbo

Yant1 wrote: »

So why do we need the frequent updates, this is not a day trading bullitin board. A share price says nothing without charts and associated data that might occasionally hint at further price moves. If people want to know the share price they look it up, the offer to buy or sell. Apart from a lot of volatility this share price has traded sideways for two months, it might be a bottom but the results are out on the 31st of July and these will provide further information as to whether or not the price is justified.

The broker Goldman Sachs has recently placed this company on its conviction buy list stating that the market has over reacted and it is trading below its book value with a target of 400p. Thus I doubt we will see new lows, there is a formation starting to form that could indicate a big price move upwards, we see this from the break to 320 and the closeness to the 50 day moving average. MACD is currently very positive and near to crossing zero, momentum has crossed zero with a positive gradient. Bullish candlesticks have also been seen. Legal and General and AXA have recently made some larges buys of the shares.

As with anything in the stockmarket things can however change rapidly. But HBOS given its 300 year history of excellent returns to shareholders is likely to remain a good long term investment.

HBOS did not exist 300 years ago. It has a history of 7 years.
Some prawn sandwiches have a longer lifespan. And remember:-
(wiki) "Barings Bank (1762 to 1995) was the oldest merchant bank in London[1] until its collapse in 1995 "

If Goldman Bank really believed it was worth 400p it would have bought
all it shares, however it has not. HBOS is worth what people are currently
wiling to pay for it and that is the princely sum of £2.87, a pack of ten cigarettes,
or a pint of beer.

[Deleted User]

"The Bank of Scotland plc is a commercial and clearing bank, based in Edinburgh, Scotland. With a history dating to the 17th century, it is the oldest surviving bank in what is now the United Kingdom"

http://en.wikipedia.org/wiki/Bank_of_Scotland

Just thought I would set you straight.

Bank of Scotland is too large for goldman to aquire however there are rumours of JP Morgan mulling a 500-700p bid in order to realise and profit from its break up value.

Its fantastic being a contrarian, everbody all the time tells you something is worthless and yet time after time you make a fortune.

http://business.timesonline.co.uk/tol/business/columnists/article4412945.ece
http://dailyexpress.co.uk/posts/view/54301/House-prices-to-rise-by-25-

esbo

HBOS is not Bank of Scotland, it owns it, the rest being the larger (I believe) Halifax
a former building society. Run by Andy Hornby who has just 9 years banking experience. The Spanish bank rumoured to be interested in buying it certainly has no
intension of doing so.
http://business.timesonline.co.uk/tol/business/markets/article4419822.ece
"is expected to announce pretax profits down by as much as 60 per cent to about £1.2 billion. Shares in HBOS were not helped by weekend press speculation suggesting that it could be forced to reveal more hefty writedowns alongside its results, as credit losses rise and a weak market hits corporate banking income."
As for The Daily Express predictions that house prices will rise 25% in the next 5
years, well all very well and good, but just who is going to be buying those houses?
You can reduce the supply and increase the demand as much as you like, but at the
end of the day someone has to pay for them. Whilst people may be prepared to
buy what they cannot afford when prices are rising, it is a somewhat different
kettle of fish when prices are falling, especially when you chuck in high interest rates
and inflation and the price of energy food and fuel. And then of course someone
had to be willing to lend the money to meet those inflated prices, so who is going to
do that? Certainly not the banks who fueled the last boom, because well they ain't got no money to lend have they. But maybe they could lend the money they raise
from their rights issues assuminig it it more than enough just to keep them liquid, and bring themselves back to square one. I doubt the banks who kept out of the last
lending frenzy will too keep to get into a new one any day soon.

So I would say the break up value of the group is about what it's share price is today (possibly). Given that HBOS share are on the slide I would not hold your breath.

setmefree

Yant1 wrote: »

"The Bank of Scotland plc is a commercial and clearing bank, based in Edinburgh, Scotland. With a history dating to the 17th century, it is the oldest surviving bank in what is now the United Kingdom"
http://en.wikipedia.org/wiki/Bank_of_Scotland
Just thought I would set you straight.

Yant 1 please read before you post

Since 10 September 2001 the Bank of Scotland has formed part of HBOS plc

Now that quite clearly states since 2001, before that date it was nothing to do with HBOS

(Just thought i would set you straight)