ABBEY NATIONAL at 1230p moved into new high ground again this morning,
with an intra-day high of 1248p, still within the established bull-trend.
With merger documents hitting desks tomorrow, the market is looking for
a more agressive move from LLOYDS/TSB towards ABBEY NATIONAL, and a
valuation of 19m would put the shares up to the 1340p area.
A close AT or NEAR today's highs would signify a very positive move
as Lloyds/TSB signals its intentions of an all-out bid.
Happy New Year . . . Be lucky . . . .