HBOS a good investment?

[sofa----king]

ok ok off topic did the intrest rate get cut this week? if so by what...

[bobAlike]

ok ok off topic did the intrest rate get cut this week? if so by what...

1/2%

[Indestructable]

this is nowhere near the bottom

we need to see non-financial bankruptcies first, and bad debts to the banks from that


good luck though!

So current share prices

RBS 44.70p
LloydsTSB £1.49

So what's the thought now, is this the bottom or more to go? 

[goldfoxdom]

do you think it would be wise to buy shares in llloyds at this time?

[TightEnd]

All the part nationalised banks (RBOS etc) are going to be lousy investments for a long time, possibly decades. Not being run for you now, being run for the government. Lower dividends, less commercial decisions. Horrible for investors

Lloyds TSB will be a better investment sooner, but on an 18 month view the enormous exposure to UK housing and HBOS' poor lending makes it a poor proposition at the moment

and we still ahven't seen non financial bankruptcies

avoid, still. In my opinion.

[Indestructable]

Ok thanks, will keep an eye on it as a chance of bargains ahead. every time I think we have reached the bottom it drops again.
I am still confident that the ones I have bought will turn around in the end and can wait years for the return, so will watch this space.

[Colchester Kev]

If my bank goes tits up, does my overdraft get written off ?

[Indestructable]

No, it's down to the customers like you that have got banks in to this mess! 

[Grier78]

If my bank goes tits up, does my overdraft get written off ?

only if all the banks go bust, but then tobacco becomes the new currency.

[WYSINWYG]

If my bank goes tits up, does my overdraft get written off ?

only if all the banks go bust, but then tobacco becomes the new currency.

I'm putting everything I have into fags.

[Jon MW]

I've heard Spurs would be a good investment

No, seriously I have

[Colchester Kev]

If my bank goes tits up, does my overdraft get written off ?

only if all the banks go bust, but then tobacco becomes the new currency.

I'm putting everything I have into fags.

Must be the way forward ... after all, Flushy is NEVER skint

[trafficjam]

and completely unnecessary imho.

i fail to see what was wrong with the business. i think these traders who "short" the price have got a lot to answer for. and who is to say they wont turn their guns on LTSB/HBOS next ?

it is my view that a few, well placed individuals are getting obscenely rich on the back of this so called credit crunch, and taking advantage of the lack of confidence to drive the prices down. Since time began news of banks failing has been the greatest self fulfilling prophecy ever.

completely agree

[trafficjam]

As a mere novice (excuse me using Mere's handle), I wonder if anyone who has received their HBOS voting papers can advise me.  What advice would you give on for or against the Scheme in laymen's terms and is anyone voting.

I have had shares in a few main company's for many years but completely ignorant on the complexities of takeovers, I just look forward to my dividends.

[Indestructable]

Trouble is that there are no real alternatives on the table apart maybe form nationalizing HBOS, but wouldn't worry too much as it is more likely that the institutional shareholders will be the votes that count.

As for me, I lumped on LloydsTSB yesterday at 1.51. Chasing losses, who me?