HBOS shares

sabretoothtigger

They are heavily dependant on the housing market and job losses make it look worse every month, beyond that they arent as bad as b&b, nr or the worst american banks afaik

Hbos is 7 grades of debt rating above BB if I remember rightly and thats after the latest downgrade

setmefree

Shares in Lloyds are well up, but alas HBOS is still dropping...it's now a case of lets see if the deal goes through before investors gain back confidence

Also the fact to remember here is the housing market is showing little if not no signs of a recovery, so by combining the two would give it a 28% share of the U.K. mortgage market..is this good or bad????

setmefree

Closing Price 147.10...19.18% down on the day

Halifax Bank of Scotland has confirmed that it is in advanced talks with Lloyds TSB about a possible takeover that could cost as many as 40,000 jobs.



http://www.youtube.com/watch?v=-QA0MMUSJqM

pizzagirl

Robert Peston on BBC News just said Lloyds TSB would be paying about 280 pence per HBOS share. So why's HBOS' current share price only 147 pence?

We can expect the HBOs share price to spike up to 280 pence tomorrow morning then?

esbo

setmefree wrote: »

Shares in Lloyds are well up, but alas HBOS is still dropping...it's now a case of lets see if the deal goes through before investors gain back confidence

Also the fact to remember here is the housing market is showing little if not no signs of a recovery, so by combining the two would give it a 28% share of the U.K. mortgage market..is this good or bad????

I hear it will be called the Anglo-Scottish Banking Organisation, or ASBO.:rotfl:

esbo

pizzagirl wrote: »

Robert Peston on BBC News just said Lloyds TSB would be paying about 280 pence per HBOS share. So why's HBOS' current share price only 147 pence?

We can expect the HBOs share price to spike up to 280 pence tomorrow morning then?

As they have not paid any money yet that price is a probability not a certainty.
"Advanced talks".

pizzagirl

Okay it isn't a certainty. But if it didn't go through HBOS would go bankrupt. And the government won't allow that to happen. They'll bribe Lloyds with taxpayers money if need be. So you can expect the HBOS share price to shoot up tomorrow morning.

LongTermLurker

dunstonh wrote: »

Its not actually shoddy. The products they retail are generally poor quality (based on whole of market options). Their service can leave a bit to be desired at times but financially they are not shoddy.

As a current account customer of about 20 years (and a customer of over 30 years), I don't have a bad thing to say about them. The only time I did semi walk away was when they started charging their customers to use link machines - I opened a Nationwide account and realised what shoddy service really was. I've had no dealings with Lloyds TSB but I'd be upset if the service went downhill because of the merger (if it happens)

catz1ct

pizzagirl wrote: »

So you can expect the HBOS share price to shoot up tomorrow morning.

It already did that today, then went back down again. In these times no one knows what will happen. If Lloyds pull out I dread to think how low the price will go then.

Nick_C

I've banked with Halifax since 1984, when I fled Barclays, and always had good service. Damn shame though that they - and all the others - didn't remain mutuals.