HBOS shares

LongTermLurker

Nick_C wrote: »

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.

In a way I have to agree, though I'd be a hypocrite if I didn't say I was glad to get the windfalls. I think, as I thought ten, that there is a place for Building Societies. They do give a more personal service, and in that respect the smaller the better.

When I started with the Halifax BS, the staff were all local, one was a friend's mother, and it was llike walking into the post office - when they became The Halifax my friend's mother had to pester me every time I went in to move my mortgage to them because she was told to :mad:

pioneer

The New Organisation has been announced

esbo

pizzagirl wrote: »

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.

The government took over Northern Rock, I don't think the shareholdersgot much, 90p I think??
Lloyds is about the same size as HBOS, why would Llpyds want to take over HBOS anyway? Is it being bribed? Nobody else seems interested in buying its shares.
I wonder what Lloyds shareholders think??

sabretoothtigger

Lloyds price went up on the news before falling back again. NR shareholders got nothing afaik, I remember someone buying 10k worth at 60p and selling the next day at 90p in the december

I think its a good move for lloyds, depends what price they buy at.

Can anyone who knows how these things work say if the hbos price fell down to bb prices how would this affect actual day to day business. Surely they would carry on just like bb has (with government special lending)
Their debt rating would fall?

muymalestado

So, there you have it. 232p worth of TSB shares for each HBOS share.

I was certainly wrong to hope that HBOS would be back in good health by, say, next year.

ad44downey

Where's Yant1 now?

Only a few weeks ago he stated that HBOS would command a price of 600 to 700 pence if it were taken over. Haha, 232 pence is a bit of a difference. And that's still 232 pence too much.

So HBOS is dead. Good riddance. It was a crap bank anyway and it was run by clowns. The events of this week clearly illustrate that fact.

poppy10_2

Why are Lloyds paying 232p???

dunstonh

poppy10 wrote: »

Why are Lloyds paying 232p???

HBOS board have to get as much value as possible whilst also acting with the best interests of the business. LTSB want the lowest value possible but know the price has to be enough to get the deal agreed. The haggling has been taking place and 232 is the agreed figure.

At 232 HBOS is undervalued and Lloyds are getting it at bargain basement prices.

Adam_UK_2

so if I had £500 worth of HBOS shares I'll be given £500 of Lloyds shares?

12helensp

I'm a bit confused as I'm holding HBOS shares and Lloyds say they are offering 232p for HBOS share .

Does that mean, once they merge, my HBOS wont get converted to Lloyds share?? It will mean I'll have to get rid of all my HBOS shares at 232p per one share??