Tuesday, October 14, 2008
this is bad yes???
Income funds ditch Lloyds and HBOS
Banking stocks HBOS (LSE: HBOS.L ) and Lloyds TSB fail to participate in the rise, however, with dealers saying income funds are offloading shares in the pair as neither will be paying dividends in the immediate future.
Posted by mark @ 03:04 PM (552 views)
6 thoughts on “this is bad yes???”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
bystander says:
RBS is UP, so why are LLoyds TSB/ HBOS down? Some investors must think now is the time to jump back into financials, even nationalised ones.
nooneo says:
Who wants bank shares when the market is in turmoil and they wont be paying dividends until after the 2012 Olympics.
House prices will still fall. Banks shares are going to be in for a rocky time because their “assets” are simply a load of bad debt that won’t ever be repaid.
Fjcruiser says:
pension funds are busy dumping bank shares cos they wont pay dividend probably for years to come. In between they may go up and down depending on existing shorts or speculation. Until banks are completely sold out (ie worth practicly nothing) no point in buying the FTSE.
There has never been a liquidity crisis. It was all about solvency despite GB claiming the opposit.F++++ T++++
The Mad Rapper says:
To nooneo; They obviously feel that the shares are likely to rise in value. They feel that by buying at the current price, they can exploit the difference when they sell for profit. A dangerous game, especially given that many people suggest that this recovery is merely a ‘dead cat bounce.’
Whostolemyendowment says:
BBC market data – Banks = http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/498/0/default.stm
HBOS is looking pretty sick…..and Lloyds TSB is taking a hammering. I expect that they and RBS will be 100% nationalised before the week is out.
yoyo1 says:
Its quite likely that lloyds will buy out the government at some stage like the schemes in the USA.