HBOS shares

[Deleted User]

Banderman wrote: »

Are you mad? No-one is going to pay £7 per share for hbos. The best any hbos investor - who should have baled out yonks ago - is about £3.50 per share and even that sounds overly optimistic.

Please justify your answer with evidence rather then talk drivel

"By incorporating this “reverse convenience yield” into valuation, accounting takes on a pro-cyclical dimension – exaggerating the peaks and troughs of the business cycle – which runs contrary to its objective of reliability, neutrality and unbiased presentation of asset values and performance. Banks artificially mark down earnings, putting pressure on capital and forcing them either to raise new capital or to sell off assets."

http://www.ft.com/cms/s/0/37363970-5cc1-11dd-8d38-000077b07658.html?nclick_check=1

Could be a lot of money to be made by some contrarian investors who want to buy in the storm and weather it out.

esbo

The storm might scupper their ship on the (northern) rocks.

agent_orange_2

ad44downey wrote: »

Further woe for HBOS

HBOS shares plummet another 5% today thus far to go below the rights issue price yet again.

Where's 'agent orange' now bleating about the rights issue being a great opportunity?

Ad, I stated my case, at the time I stated it. Never at any point did I state it was a great opportunity. Don't put words in my mouth

[Deleted User]

LLoyds results are out tomorrow, they have a similar business model to HBOS based on retail banking. Tomorrow will give us strong clues as to HBOS results, with the real results out on thursday.

There is some light at the end of the tunnel, the write downs at least seem to have slowed down at a lot of US banks, Bank of America produced some decent results and Credit Suisse surprised everyone with good profits after initially being the hardest hit.

sabretoothtigger

If you had blindly taken orange at his word you would now be down 3p a share, hardly worthy of much criticism

They'll be more good news and bad, the important part is the trend. I dont expect any shock results, I just hope they dont falsely economise by scrapping the dividend.

LLoyds results are out tomorrow, they have a similar business model to HBOS based on retail banking.

I saw these on the yahoo message board. I think they are from a newspaper back in march I believe, it just provides a rough summary of long term factors.
Take it how you like, Im just posting them up as some rough information not as a recommendation




I would edit out the skull but you get the idea of the intent and guy who posted was probably shorting the shares, etc



And coincidently, a news story just came up about deposits rising. Obviously this makes the above inaccurate to some degree. This is probably due to government reinforcement and assurances as well as some excellent rates, I wish I had 10% over the last few years for sure

Building society deposits up 63 percent
http://uk.biz.yahoo.com/29072008/325/building-society-deposits-63-percent.html

SavingTide

Hello - I may have made a dumb mistake, but as I was away, I did not know about this sales issue thing with HBOS ; I just had a letter saying that it has lapsed because I "did nothing"
Does this mean I have lost the opportunity for selling my option (in mycase £400!)

To be honest, I try to steer clear of everything to do with shares - due to a bad experience - I decided that due to pig ignorance about this it would be better to avoid, and normally want nothing to do with them Perhaps this relucatancehas now ironically cost me money ( I tried to take an interest before thinking I could make money - and lost, now I decide not to take interest - and now have lost again

the only reason I have these shares is a previous mortgage

Thanks in advance for your help!!!

SavingTide

Sorry, I meant Rights Issue in my last

Anyone who can help me will get virtual pint
:beer:
:money:
Please say have not screwed up .... bet you Martin the guru does not have these problems

SavingTide

I just read an article which seemed to suggest the lapsed rights would not have been worth much anyway. IS that corect, Think my holding is 800 - so they would only have been woth less than 5p each so less than £40?

You need to spend your lie on these things to understand - you can tell why I do not like investing in shares anymore -

:eek:

sabretoothtigger

I would not say screwed up, but yes its unfortunate. In theory your rights should have been automatically sold at market price but as you've seen the price is crap and they are worth **** all hence you wont get any cash.

If you had acted earlier you might have sold them to speculators for something small. I waited myself betting on a last minute share rise so I did no better

Martin the guru probably has someone to watch over his shares for him.


800 shares could have got about 80 quid for the rights is it roughly I think. Thats at best & with that lovely hindsight..

ad44downey

Yant1 wrote: »

Please justify your answer with evidence rather then talk drivel

"By incorporating this “reverse convenience yield” into valuation, accounting takes on a pro-cyclical dimension – exaggerating the peaks and troughs of the business cycle – which runs contrary to its objective of reliability, neutrality and unbiased presentation of asset values and performance. Banks artificially mark down earnings, putting pressure on capital and forcing them either to raise new capital or to sell off assets."

http://www.ft.com/cms/s/0/37363970-5cc1-11dd-8d38-000077b07658.html?nclick_check=1

Could be a lot of money to be made by some contrarian investors who want to buy in the storm and weather it out.

I trust you are begging, borrowing and stealing as much money as you can to buy hbos shares at their current 'bargain' level so you can clean up when somebody offers £7 for them. Ho hum............:rotfl: