HBOS - 2006

Taffee,

Don't delude yourself.

Barclays now own 4% and growing. Also another huge buyback will underpin the shares.

The housing market at worst will stagnate, HBOS took the precaution 3 years ago of tightening their credit scoring criteria for mortgages and as such the bad debts should be better than most mortgage providers. Given the rise in house prices over that time what risk is there? A few more repossessions!certainly little or no losses here.

Am I the only one who has also noticed that for 16 weeks a year the Halifax receive free subliminal advertising through the X Factor, who declined the proposal to sponsor it probably on the grounds that it didn't need to.

IMHO 1320p by end of March 2007 ending next year at 1450p unless the bid comes in, in which case we could be looking at 1650.

Captains log stardate211206