HBOS shares

thinkdust

Time to sell, or time to buy? I don't think anyone knows the certainty, as obviously the bail-out would have thought to have been a good injection for the share price to rise, but obviously not so at the moment.

matt1234

RBS credit rating was downgraded today. They will now find it even harder to raise money. Hence the run on their shares this morning.

thinkdust

TIME TO BUY! Iceland's got a cash injection from Russia for 4 Billion! Which according to the news is a good economic injection in order to slowly strengthen the markets.

cbobting

time to buy imo.

thinkdust

Also, we will hear today about the uk governments 15 billion each cash injections into the banks, which I think is favorable to go through, so probably another reason.

competitionscafe

Down another 36% today - now down to just above £1!
http://markets.ft.com/tearsheets/performance.asp?s=HBOS&vsc_appId=ts&ftsite=FTCOM&searchtype=equity&searchOption=equity

Closed at 160p yesterday, rose to 176p in the morning before falling as low as 101p in the late afternoon - talk about volatile!
:eek:

poppy10_2

HBOS 101

That's the share price.

Stop. 98...97...96

Down 38 per cent just before the close in London. The stock is sitting at a 50 per cent discount to the supposed government-backed, competition-rule-book-busting paper terms on offer from Lloyds TSB.
And that’s after shares in Lloyds itself fell more than 6 per cent.

What a surprise.
What a mess.
Who's going to resign?

http://ftalphaville.ft.com/blog/2008/10/07/16760/hbos-101/

sabretoothtigger

The main depressant here seems to be the government is proposing to dilute the shares with a buy in, I dont see this as positive but maybe the banks are asking for this.
No doubt they really want free money/loans, etc but I support the government resisting that idea

If anyone knows !!!!!! is going on please do tell

This idea is worse then paulsons buy the bad debt to isolate the problem. Throwing good money after bad into the banks will just lead to total nationalisation, can you imagine barclays, lloyds and hbos as part of the government, the market is correct in its gloom

HBOS could literally buy itself at this price. Its current market capitalisation is £5.4 billion (at 99p per share) so with the proceedes from the rights issue and the £950 million first half after tax profits, it could literally buy itself.

They cant be called a bargain obviously but theres no doubt the shares are stupidly cheap

http://www.ft.com/cms/s/0/c580893a-9437-11dd-953e-000077b07658.html

setmefree

Closing Price 0.94p

That 100 billion didn't last long

http://uk.youtube.com/watch?v=0lhf9U5Wf3Q

Gordon Brown is meeting Bank of England Governor Mervyn King to discuss plans to stabilise the banking system. Personally i wouldn't have confidence in him to put stabilisers on my kids bike, too little too late Mr Brown

iamesbo

Hmm my first pppost I though this sounded appropiate, glad I sold my shares when I did. I had been expecting this. If you put a rular on thier share price they should hit zero
somewhere arouond Xmas time.

http://ie.youtube.com/watch?v=erJc4dzZ3IA

Back to be nice! :rotfl: