HBOS shares

purch

What happens to the deal if Lloyds keep going down?

Broonie will have to convince (con or bribe) someone else to buy LloydsTsbHBoS.....then a few months later convince someone else to buy BarcLloydsTsbHBoS.....then a few months later convince someone else to buy RBSNatWestBarcLloydsTsbHBoS.............a then a few months later HSBC will buy the lot and we'll end up with just one Bank in the U.K.

12helensp

Wig wrote: »

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.

Same.......they should have said 1 HBOS is equivalent to 0.83 Lloyd share..
So why all this fuss about 232p??

opinions4u

Wig wrote: »

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.

It seems well run.

It seems sound.

For some reason, nobody will lend to them at an affordable rate.

Whether that reason is based on fact or groundless speculation is meaningless. The confidence has gone, intelligent people on these boards are withdrawing their money and the share price has sunk.

You either take the Lloyds shares on offer or watch the entity sink faster than the Titanic.

Has the £35k FSCS limit made the situation worse?

thinkdust

I'm not sure how you can make that assumption though. LLOY shares are still selling in very high volumes?

poppy10_2

Wig wrote: »

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.

What you as an individual investor do is irrelevant. Your shares (and therefore votes) are dwarfed in comparison to the big institutional investors, all of whom are backing this deal.

Wig

poppy10 wrote: »

What you as an individual investor do is irrelevant. Your shares (and therefore votes) are dwarfed in comparison to the big institutional investors,

Obviously, otherwise I wouldn't be here.

all of whom are backing this deal.

We'll see, but announcing that Lloyds had taken over Halifax as they did was incorrect.

setmefree

poppy10 wrote: »

What you as an individual investor do is irrelevant. Your shares (and therefore votes) are dwarfed in comparison to the big institutional investors, all of whom are backing this deal.

Leading institutional shareholders in HBOS have threatened to block Lloyds TSB's £12.2bn rescue bid for the embattled lender. Their opposition comes despite Government support for the deal amid fears that HBOS risks collapse without a rescue.

HBOS chairman Lord Stevenson and chief executive Andy Hornby will depart the enlarged business, leaving Lloyds chief executive, Eric Daniels, as the most powerful figure in British banking. Despite an expected shareholder backlash, business leaders welcomed the agreement.

sabretoothtigger

I think it'll go through because it never would normally, its a great opportunity for lloyds. hbos is not that far off 50% of the new company so they shouldnt turn it down either.
Does this bank outweigh hsbc now?




http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/18/cnhbos118.xml

kittenpea

so all in all the buring question for me is do I now buy shares in LLoyds TSB!!

kittenpea

If you think about it everyone on here wants protection of their money RIGHT so this merger is a good thing and a can't honestly see why they are all bragging its going to create a SUPERBANK.

Anyone with any sense and money is going to shift accounts into none lloyds tsb/hbos accounts to get themselves back that £35k protection right so thier market share of accounts is going to go down, as for morgage deals I have no idea but surely some of this quoted on sky news "they will have 40% of the market" will take a hit that way!!