Sunday, Apr 27, 2008
HBOS on the edge?
Independent: HBOS to reveal new writedowns as investors fear rights issue
Investors will find out on Tuesday the extent of further write- downs at HBOS, owner of
the UK's biggest mortgage lender, the Halifax, amid concerns the bank will launch a rights issue.
Posted by doomwatch @ 10:21 AM (506 views) Add Comment
3 Comments
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1. techieman said...
look at Dom in the FT weekend money section. "HBOS nears Target" page 13 - he says "...the shares have already cime ckise to hitting my initial target of 479 - ...my wave count [his words not mine] continues to suggest a sharp sell off towards [dont like that though] 398 and ultimately [he means after a probable sharp rally ] beyond. Stay short for now moving stops downward to just above the recent high at 580".
Funily enough im quite bullish on the FTSE overall next week (although i am not in it as i am in (long) the dax which i think has much better potential and higher volatility, and wouldnt be so exposed to continual UK bank writedowns).
2. mken said...
Is it possible that Barclays and HBOS etc. are avoiding a rights issue by dipping into AD's bailout fund?
3. icarus said...
"HBOS's exposure to risky American mortgage-backed securities is thought to be high" - where does that leave govt assurances that UK mortgage lenders didn't lend to risky borrowers?