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The Chillout Room
Incensed - any bankers in the hizooose ?
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<blockquote data-quote="Sheikh Yerbouti" data-source="post: 730133" data-attributes="member: 9093"><p>Ultimately, this has probably got summat to do with it...</p><p><a href="http://www.theherald.co.uk/business/news/display.var.2447075.0.HBOS_plunges_and_Dow_drops_504_points_on_Lehman_failure.php">HBOS Plunges And Dow Drops 504 Points On Lehman Failure (from The Herald )</a></p><p><a href="http://www.lse.co.uk/ShareNews.asp?shareprice=HBOS&share=hbos">Hbos News Headlines. HBOS Share News. Financial News Articles for Hbos Plc Ord 25P updated throughout the day.</a></p><p></p><p>To put it in perspective, a few months back HBOS did a group rights issue to try & raise some cash (4 billion). Currently they are still trading at 20% <em>below</em> that issue price, which would have been artificially low anyway to tempt investors. That should give an idea of the sort of kicking they've had on the markets recently. They have been hit much much worse than anyone thought, and are the worst affected UK bank since the Rock. </p><p></p><p>The only people who'd have seen this coming were the bigwigs at HBOS, and so in a desperate attempt to hang on to whatever liquidity (assets and cash) they can, they'll no doubt have been panic reviewing accounts, cancelling overdrafts etc. Anything they can do to keep what little money they do have in-house. If you ask me, it's just a measure of how badly they've been hit by the avalanche that the U.S. subprime collapse started.</p><p></p><p>The good news is, people are now starting to see the weakened HBOS as a nice little earner. I know of people who are starting to buy back in to banking sector stocks already, thinking they've dropped as far as they're gonna. HBOS (mainly Bank of Scotland to be fair) took a much bigger hit than anyone expected in the fallout from Lehmans (making folks wonder what's going on there exactly). They fell harder than most other banks, so anyone looking to buy in is gonna be looking at them closely. Like I said it's all mainly revolving around Bank of Scotland, but any influx of cash will have an impact at group level, and is bound to also affect the other companies in the group.</p></blockquote><p></p>
[QUOTE="Sheikh Yerbouti, post: 730133, member: 9093"] Ultimately, this has probably got summat to do with it... [url=http://www.theherald.co.uk/business/news/display.var.2447075.0.HBOS_plunges_and_Dow_drops_504_points_on_Lehman_failure.php]HBOS Plunges And Dow Drops 504 Points On Lehman Failure (from The Herald )[/url] [url=http://www.lse.co.uk/ShareNews.asp?shareprice=HBOS&share=hbos]Hbos News Headlines. HBOS Share News. Financial News Articles for Hbos Plc Ord 25P updated throughout the day.[/url] To put it in perspective, a few months back HBOS did a group rights issue to try & raise some cash (4 billion). Currently they are still trading at 20% [I]below[/I] that issue price, which would have been artificially low anyway to tempt investors. That should give an idea of the sort of kicking they've had on the markets recently. They have been hit much much worse than anyone thought, and are the worst affected UK bank since the Rock. The only people who'd have seen this coming were the bigwigs at HBOS, and so in a desperate attempt to hang on to whatever liquidity (assets and cash) they can, they'll no doubt have been panic reviewing accounts, cancelling overdrafts etc. Anything they can do to keep what little money they do have in-house. If you ask me, it's just a measure of how badly they've been hit by the avalanche that the U.S. subprime collapse started. The good news is, people are now starting to see the weakened HBOS as a nice little earner. I know of people who are starting to buy back in to banking sector stocks already, thinking they've dropped as far as they're gonna. HBOS (mainly Bank of Scotland to be fair) took a much bigger hit than anyone expected in the fallout from Lehmans (making folks wonder what's going on there exactly). They fell harder than most other banks, so anyone looking to buy in is gonna be looking at them closely. Like I said it's all mainly revolving around Bank of Scotland, but any influx of cash will have an impact at group level, and is bound to also affect the other companies in the group. [/QUOTE]
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Incensed - any bankers in the hizooose ?
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