(HBOS) HBOS

"ANALYSIS By Hugh Pym, chief economics correspondent

...the revelation of these secret emergency loans to RBS and HBOS a year ago is breath-taking.

The Bank of England only felt it was safe to reveal this covert support now, once the ink was dry on longer-term bailout deals agreed with the banks a couple of weeks ago.

Lloyds shareholders were being asked to approve the takeover of HBOS. Yet they were not told about a Northern Rock-style cash bailout of HBOS.

The authorities argue that disclosing the loans would have caused greater disturbance to the whole system. But bank shareholders might well see it differently. "

http://news.bbc.co.uk/1/hi/business/8375969.stm

It didn't work as planned after all!

This is a <a href="http://www.iii.co.uk/investment/detail?code=cotn:HBOS.L&display=news&it=">test link</a>. Please ignore.

:'(

what a kind saying davearoonyo.
you're a good man.
wish you all the good luck for you too.

never underestimate Hbos.. I still have a stronge feeling that this share will be trading at 5ish pounds/share by the end of this year.
and if you're patient enough, a 100% profit is guarnteed within a year and a half to two years if you buy now.
i put my word for that.
-----------------------

and another, what a laugh! up the crafty cockneys!

some people here ask others to sell Hbos shares and at this current price! it is so funny to read those comments...
if The UK will ever exist the way we know it now, how would you expect it to run? certainly it's not running on Hbos but even kids knows that Hbos is heavily linked to the UK main blood stream.......
UK is not like US..... things here in the UK are very different.
Hbos shared wont go any worst than its current price... i'm talking about 2.6-2.9 range.
have your brain and dont listen to others! listen to your own brain, it's there for you. and you dont need others to offer you something you can do it yourself.
----------------------------------------------------

I read the above post of yours what a laugh!

hang on to em Mosseman, you never know, one day!!
best of luck to ya.

hahaha,
that's a good idea chubsterman.
what a depressing matter eh?
by the way? have you successfully manged to reduce your average?
i'm doing my best and i got my average down to £3.8 from £6.8! posting that at lloyds board would be hilarious.

Well what a world we live in, I have just been offered back part of the shares I had stolen from me, (when HBOS went base over apex) at the giver away price of 38.43 per share with Lloyds banking Group. I suppose it's better than the 500 shares I had in Bradford & Bingley, which have now disappeared into the financial void. I think it's time I became an MP and claimed back for the loss of shares in my expenses ;-))

The big factor here was leverage, all the banks gamble with this (still) and also time scales of 25 year loans with only short term funding. That was always a bad bet to make

My understanding now is lloyds is the most unleveraged, capitalised uk bank. At least they changed that

ok

time for some morphine

THERE................a manhole cover, i ..i..think, oh god.....i cant reach the ladder..............uugh, uugh..cant...........reach, OH GOD HERE THEY COME LLOYDS......Oh God Im scared.
LLOYDS shines torch down tunnel - Oh my god, what are those things.

Mutated clones Lloyd.......we were conducting an experiment..........in cloning..we took skin samples from some anal polyps removed from Tony Blair in 2005....and....and we cultured them........i dont think anyone knew quite what the results would be but we kept going.......and they grew, they grew at an alarming rate , faster than anyone expected.......we eventually had to contain them in cages as they grew, i mean......the experiment it was a success we bred new life forms from the anal polyps...........but no-one could forsee how aggressive these things would be, so we locked them in cages and continued to monitor their growth.......
LLOYDS - but why? why would you create such monstrosities?
We just did what we were told........we had our orders.......create a new Labour party leader.....one who could take over the mantle of PrimeMinister...............how were we to know it would go SO WRONG.........the clones were...completely irrational, aggressive........we should never have used polyp samples, we knew the possible danger......rampant growth and mutation

LLOYDS - But you went ahead anyway?
I HAD MY ORDERS DAMN YOU...........we thought we could train them ...you know, control their urge to take things over, but we were wrong.....so wrong........out of ten clones taken only two survived...... The first one...... GORDON X1 was particularly aggressive and vociferous...he persuaded clone 2...DARLING/2.....to kill the other clones and ....all we found were a handful of pubes and blood stains...........they had eaten them...absorbed them if you will.
LLOYDS - absorbed?
...Yes...by the nature of the source material....they are genetically pre-disposed to take over and absorb whatever they come into contact with....but we thought we could control and train the urge..........
LLOYDS - YOU FOOLS, DIDNT YOU REALISE WHAT YOU WERE DOING, THE DANGER YOU'VE PUT US ALL IN
Im....sorry.......so sorry
LLOYD - WELL IT'S A BIT BLOODY LATE FOR THAT DONT YOU THINK

At this point the audio became garbled and confused with lots of screaming and an eerie roaring noises, the last audible speech on tape 1 was thought to say " God forgive me for i knew not what i created "

Please Lloyds................you have to help me.......................this thing,this.................................it's after me....................after all of us ,you have to believe me, it's coming,...................What, where are you going, oh dear god wait for me...........CRAAAAAASH....TINKLE....CRASH.................(momentry silence)................................................................................
RUN........RUN NOW LLOYDS........TOWARD THE LIGHT........TOWARD................HUHTHE LIGHT......RUN

*UNEARTHLY MOAN RINGS OUT*
"WE'RE COMING TO GET YOU BARBARA.............."

Oh christ dear lord, it's catching up, oh my god no, no Huh Huh............................................................................................................................................................got to run...........................................faster.................nearly there.....................................................................................................................................................................................................................................................Lloyds? is that you............................LLOYDS.......DOWN HERE..................DOWN HERE LLOYDS...HEEEEEEEEEEEEELP

There!!! light........I can see a light.............just up there........must....get....to the light

HUH HUH MUST.......................RUN....................HUHFASTER...............CATCHING.........UP HUH HUH,

What was that......? what's that noise...................oh god it's coming this way...................aaaagh god no please.................Im too young to die, please, oh dear lord save me....................................EEaahhhhhhhhhhhhh.........................it's winking at me!!!!!!!!!

It's dark in here, i dont like it, HELLO!! is anyone there please, i have money, here look..............................please..........anyone.
OH WHERE ARE YOU ALL!!!!!! Dont leave me down here on my own....please....HEEEEEEEELLLLLLLLP

CI

I got it wrong.

Robert Peston is about to announce that the BoE have devised an economic Perpetual Motion Machine.
The device has the backing of HMG and the Conservative Party
This device will solve the problem of a banks illiquid mortgage assets.
Since the sub prime scandal in America all mortgage assets have been regarded as having some toxic content.
For the payment of a commercial fee to the BoE the bank can have a partial guarantee against loss in these assets.
Its a bit like the mortgage protection fee only it is paid not by the customer but by the bank.
This will make the mortgage assets liquid and the next stage is to lend these freed assets for additional mortgages at a rate close to the BoE base rate which will involve(you've guessed it) further fees to the BoE.
The fees to the BoE can be passed to HMG which in turn can be paid back as capital to the Banks.
Some mean spirited sceptics say;
1.This will mean existing shareholders will be diluted.
2. Banks will be forced to lend at uneconomic rates.
The Patent Office have refused to examine the BoE model as for the last 100 years Perpetual Motion Machines are considered to be scientific nonsense.
A list of previous BoE methods are shown below;
1. Head in the sand model
2. Moral Hazard lecture
3. 12% Pref Shares "help" (costing banks 17%)
(Copyright BoE)

You need to phone the registrar; I wouldn't bother asking in a branch, they have nothing to do with the 'merger' or with the administration of the shares and most barely know how to give you an account balance let alone comment on this. It's been a long time since I had any certs, but the registrar used to be named on the cert.....having said that I just googled for it, and the registrar is Computershare 0870 702 0102.

See newsnight Vince Cable!! Says Barc in same boat as RBS:
Never mind just
Keep singing


http://www.imeem.com/1stmennace/music/Sr60GCIO/monty_python_always_look_on_the_bright_side/

Best
Sorass

Come on sing along!!

http://www.imeem.com/1stmennace/music/Sr60GCIO/monty_python_always_look_on_the_bright_side/

Best
Sorass

This should help you all in these troubled times!!

http://www.imeem.com/1stmennace/music/Sr60GCIO/monty_python_always_look_on_the_bright_side/

Price details at 2009-01-19 16:35:14:-
Bid: 87.90, Ask: 88.00, LastTrade: 88.00, Change: -10.20%

i hope not!!

The lines on the map may change very quickly, this could esculate and get very ugly.

Monetary union has left half of Europe trapped in depression

By Ambrose Evans-Pritchard
Last Updated: 9:36AM GMT 18 Jan 2009

Comments 136 | Comment on this article

Events are moving fast in Europe. The worst riots since the fall of Communism have swept the Baltics and the south Balkans. An incipient crisis is taking shape in the Club Med bond markets. S&P has cut Greek debt to near junk. Spanish, Portuguese, and Irish bonds are on negative watch.

Dublin has nationalised Anglo Irish Bank with its half-built folly on North Wall Quay and €73bn (£65bn) of liabilities, moving a step nearer the line where markets probe the solvency of the Irish state.

A great ring of EU states stretching from Eastern Europe down across Mare Nostrum to the Celtic fringe are either in a 1930s depression already or soon will be. Greece's social fabric is unravelling before the pain begins, which bodes ill.

Each is a victim of ill-judged economic policies foisted upon them by elites in thrall to Europe's monetary project – either in EMU or preparing to join – and each is trapped.


http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4278642/Monetary-union-has-left-half-of-Europe-trapped-in-depression.html

Price details at 2009-01-19 10:32:00:-
Bid: 103.50, Ask: 103.70, LastTrade: 103.70, Change: 5.82%


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Q&A: The second bank bail-out explained
What is the aim of today's intiatives?
The credit markets are still not working, despite an earlier £37bn injection of cash into British banks. The authorities fear that unless something is done to get credit flowing and confidence restored in the financial system, the recession will get worse.

It is hoping to break a vicious downward spiral whereby as the downturn deepens, more borrowers default. This leads banks to set aside more capital to cover the losses. leaving them wary of lending to businesses and individuals.

The knock on effect is families stop spending, more businesses fail and the economy is further damaged. The aim is to break this cycle so the economy recovers as families start to feel more secure about their savings and start spendng and banks begin providng more mortgages and working capital to businesses.



http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4287477/QandA-The-second-bank-bail-out-explained.html

Banking nightmare II:

Much of the speculation last week was about the government creating a “bad bank” to take so-called toxic assets off the banks’ books. But the proposal is not universally backed. Selling assets to the government could crystallise losses for the banks. That in turn could leave a hole in their balance sheets that would need to be filled with a fresh injection of taxpayers’ cash.

If the government decided to implement such a scheme and make participation compulsory for all British banks, Barclays would have more problems than anyone else. That was the market’s view last week, as the bank’s shares plunged more than 40% over the week.

Barclays has steadfastly refused to take big write-downs on many of its assets, such as loans to private-equity deals, insisting the loans are still on track to be paid back over time, even if their current value in the market has been depressed by the credit crunch.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5536998.ece


Price details at 2009-01-18 16:45:04:-
Bid: 96.00, Ask: 98.00, LastTrade: 98.00, Change: -24.85%


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Whats your position, recommend sell LBG at 1.30 and buy at £1 (if poss obviously), this will massively reduce your breakeven price as effectively adding around 30% shares to your holding if you can manage it.

insert "toxic debts", not tixic

Not necessarily correct - they could have guaranteed the tixic debts and got the whole loan market moving again.

You should get 0.605 Lloyds shares for each HBOS share. I am not sure how it will work for you because you hold certs. Perhaps they will just send you new certs. I suggest you could ask at a branch of HBOS or LLoyds.

I have HBOS shares but have heard nothing as yet.. I hold the share certs.. How long before I hear how many Lloyds share I own? Can anyone enlighten me at all? Above 100 shares so they can't steal them too.

New bank bailout planned to fight deepening recession
Philip Webster, Patrick Hosking and Helen Power
A package of radical measures to get British banks lending more is due to be hammered out at the weekend in an attempt to prevent the recession souring into an even more serious downturn.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5527138.ece

Andy Hornby lost most of it. Government will be taking the rest.

Barclays loses billions off its share value
Stock plunges after ban on short-selling ends
John Varley, chief executive of Barclays Group, and Bob Diamond, the president of Barclays plc
Helen Power and Ian King
Barclays lost a quarter of its stock market value last night, just hours after the ban on the short-selling of banking shares was lifted.

Shares of Britain’s third-largest bank plunged 32.4p to a ten-year low of 98p, wiping £2.71 billion from its value, amid speculation that Barclays will have to open its books to City watchdogs if it is to be allowed to benefit from the Government’s latest rescue package for the banking sector.

This is widely expected to be presented early next week and the Government will promise capital injections if necessary. The Treasury will also hold out the prospect of creating a “bad bank”, to take the toxic assets off the balance sheets of the big lenders. These would be ring-fenced and partly guaranteed by the Government. The move would come alongside the creation of a “good bank”, possibly Northern Rock, to stimulate lending.

Because Barclays previously snubbed financial support from the Treasury when Britain’s banks were recapitalised in the autumn, sources close to the negotiations believe that it will be excluded from further rescue packages – unless it opens its books to the Financial Services Authority.
http://business.timesonline.co.uk/tol/business/article5533488.ece

The only other thing they could have done way back in September was to nationalise HBOS! Now that would have stuffed shareholders even more. At least over time, holders have had the chance to unwind their positions

Made a right mess of HBOS, and are taking the rest of the country down the toilet. The only way to make money is to short the £.