Buying Halifax shares...

[HRG]

Madness or a good long term punt? They were selling at £9 is a while back, now they're circa 90p. Now they may dip a bit more, but with the cash from HMG there to help surely they're ripe for a punt as a long term investment?

So, utter madness or a good way to make a healthy return over the longer term?

[okgo]

Have you not seen the other thread?

Along with RBS they are the only ones that have dropped more today..

[HRG]

Yup, but there's a lot of noise in there... I'm not worried what they do in the next few days, where are they likely to be in five years? That's what's more important to me. I don't care if they dance around and appear to fall off the face of the planet as long as the long term trend will be for growth.

[Plotloss]

They wont exist in 5 years.

If you bought 60 shares in HBOS today, you'll have 10 LTSB shares once the deal goes through.

I think.

[scotal]

Plotloss said:

If you bought 60 shares in HBOS today, you'll have 10 LTSB shares once the deal goes through.

The value of which will be diluted by the Gov't shareholding.

[MrVelox]

I've been buying GM and Ford....

[okgo]

HRG said:

Yup, but there's a lot of noise in there... I'm not worried what they do in the next few days, where are they likely to be in five years? That's what's more important to me. I don't care if they dance around and appear to fall off the face of the planet as long as the long term trend will be for growth.

Its hard to believe that they wont recover to a degree.. Along with RBS..

But who knows..

[NoelWatson]

MrVelox said:

I've been buying GM and Ford....

What do you think the upside is? Do you not think there is a very strong chance of them going defaulting in the next year?