Reports in this weekends press suggest that only around 10% of HBOS shareholders participated in the banks rights issue to raise £4billion.
Experts are concerned that the take up may be so bad that it will leave underwriters Morgan Stanley & Dresdner with as much as £3.6bn worth of the banks stock.
HBOS had hoped to rally [...]
UK Finance News
Entries Tagged as 'Personal Shares'
HBOS Rights Issue Flop
John Williams - Monday 21.07.08, 13:30pm
Tags: Banking · City news · Personal Shares · UK economy
HBOS Rights Issue Not Worth The Paper It Is Written On
John Williams - Thursday 03.07.08, 16:22pm
Good advice from The Daily Mail This Is Money section, for the 1.4 million of us who hold shares in HBOS, a document outlining the companies rights issue should now be in your possession.
Put it through the shredder is the advice being given and should not even be a consideration. HBOS share price on 1st [...]
Tags: Personal Shares · UK economy
