HBOS shares

sabretoothtigger

hbos is currently trading at less then .83 of the lloyds share price which I dont understand

muymalestado

setmefree wrote: »

Ah seems l was right all along ...Now l have been called a moron and idiot and many other abusive words, when l said No bank is safe LMFAO..

You were - but the language got so fraught it detracted from the salient condition of HBOS, and the rest of the financial market.

One saving grace is LTSB pays a very good dividend - better than lots of bank accounts.

I believe we are tardy in creating Euro-wide institutions which will really show us what shrinking of competition is all about. But this is NOT a market of corner ice cream shops. It is global capital. Just like global automotives we will eventually see competition between only a few extremely large multi-national banking groups.

opinions4u

Yant1 wrote: »

You will get 4 lloyds shares for every 5 hbos you own.

The new entity will have 1/3rd the UK population as customers.

5 lloyds for 6 HBOS.

Nearer 2/3rds.

setmefree

muymalestado wrote: »

You were - but the language got so fraught it detracted from the salient condition of HBOS, and the rest of the financial market.

One saving grace is LTSB pays a very good dividend - better than lots of bank accounts.

I believe we are tardy in creating Euro-wide institutions which will really show us what shrinking of competition is all about. But this is NOT a market of corner ice cream shops. It is global capital. Just like global automotives we will eventually see competition between only a few extremely large multi-national banking groups.

Thanks
Yes l agree it will end up with super Banks only, but i think those Banks should learn a valuable lesson from whats happening now and not be too quick to pass the buck.

thinkdust

And when will this take effect? I currently have a lot invested in both companies?

meester

sabretoothtigger wrote: »

hbos is currently trading at less then .83 of the lloyds share price which I dont understand

It hasn't happened yet.

It seems to reflect to me (price 89% of lloyds offer), a 90% chance it will go through, and 10% something will go wrong and HBOS go bust.

Which is fair enough.

meester

muymalestado wrote: »

One saving grace is LTSB pays a very good dividend - better than lots of bank accounts.

Did pay. No guarantees for the future.

Wig

I'm really annoyed that the BBC news said, "This morning Lloyds have announced they have taken over HBOS"

They have done nothing of the sort, all they have done is agreed a price, it is up to shareholders to decide if this happens or not. I will be voting against the deal. HBOS is a sound bank and does not need to be bailed out.

kennyboy66_2

muymalestado wrote: »

I believe we are tardy in creating Euro-wide institutions which will really show us what shrinking of competition is all about. But this is NOT a market of corner ice cream shops. It is global capital. Just like global automotives we will eventually see competition between only a few extremely large multi-national banking groups.

Automotive & Banking - a nice analogy. Both industries expert in bilking the taxpayer in USA & Europe.

Wig

Lloyds is falling in value. Yesterday they were at 320 closed at 280 today they are 260 - 300 What happens to the deal if Lloyds keep going down? If we (HBOS holders) are given 232 per HBOS share and Lloyds are valued at 200 at the time of the take over do we get more than 1 Lloyds share per 1 HBOS? Or is the deal going to be fixed at yesterdays price of Lloyds shares, thus describing it in terms of 232 for each HBOS share is misleading, what they should have said was you get 0.83 Lloyds shares per 1 HBOS share.