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Realistbear

H B O S Share Price

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Bank trading statements are so complex these days that it takes a while to analyse them properly.

Banks are not lending to each other since they cant work out where the losses are going to be. If they cant work out other banks balance sheets then there's not much point anyone else trying to do it.

The only safe assumption is that bank trading statements are complete fiction. Since shares are basically risk-capital, investing in bank shares is hopeful at best.

VMR.

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Bank trading statements are so complex these days that it takes a while to analyse them properly.

They're a bit like a Gordon Brown budget statement. At first you think it means one thing but then, after a while, everyone realises it means the opposite.

The share price will probably drop back once the market figures out what the results actually mean.

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http://uk.biz.yahoo.com/31072008/323/hbos-...lts-update.html

LONDON (Thomson Financial) - UK bank HBOS PLC (LSE: HBOS.L - news) reported a drop in first-half pretax profit Thursday after announcing a total writedown of 1.095 billion pounds for the first half but repeated its guidance for a
stronger second half
.

Beggars belief?

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http://uk.biz.yahoo.com/31072008/323/hbos-...lts-update.html
LONDON (Thomson Financial) - UK bank HBOS PLC (LSE: HBOS.L - news) reported a drop in first-half pretax profit Thursday after announcing a total writedown of 1.095 billion pounds for the first half but repeated its guidance for a
stronger second half
.

Beggars belief?

That suggests they have been over prudent with bad debt provisions in the first half and so will be covered in the second half as already provided for? However, if the market further deteriorates....

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http://uk.biz.yahoo.com/31072008/323/hbos-...lts-update.html
LONDON (Thomson Financial) - UK bank HBOS PLC (LSE: HBOS.L - news) reported a drop in first-half pretax profit Thursday after announcing a total writedown of 1.095 billion pounds for the first half but repeated its guidance for a
stronger second half
.

Beggars belief?

Its a bit like saying "We won't lie until the next time we lie" :lol:

Edited by Dave Spart

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On the basis of 'that's the bad news out of the way'?

Hehe. haven't investors/media been saying that since last september? ;)

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Guest Winnie

This is the game which has been played for Q2 Bank results in the US too. Basically the anlaysts have been [told] to pitch expectations so low that the actuals always beat - even if they are apocalyptically bad, which they are. Looks like our lot have copied the Wall Street Shuffle - as usual.

This is what is causing the bear market rally in financials on Wall St which is among the more irrational things I have ever seen markets up to. It will all crash down again soon when Lehman or one of the other suspects starts cracking. ;)

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http://uk.biz.yahoo.com/31072008/323/hbos-...lts-update.html
LONDON (Thomson Financial) - UK bank HBOS PLC (LSE: HBOS.L - news) reported a drop in first-half pretax profit Thursday after announcing a total writedown of 1.095 billion pounds for the first half but repeated its guidance for a
stronger second half
.

Beggars belief?

I wish I had access to their crystal ball. When the second half results are rubbish too, they'll say the results were still 'better than expected' (again) and that they expect strong results in 2009. All the donkeys will pile in again and snap up the shares, the 2009 results will be rubbish too, but - wait for it - better than expected, and the outlook for the second half of 2009 will be rosy. The donkeys will pile in again... ad infinitum

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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