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Bradford & Bingley Shares

As a shareholder I have just received my voting form to vote on authorising new shares.

Does anyone have any advice as to vote For,Against or Withheld?
«1

Comments

  • Banderman
    Banderman Posts: 351 Forumite
    give the shares to charity. They're not worth much anyway
  • scott_lithgows
    scott_lithgows Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Voted against the lot as I dont trust the higher management
    I have a deep burning indifference
  • Without wishing to sound out of turn, will your vote actually count for anything? :confused:

    Will it be the institiutions that hold a significant percentage share in Bradford & Bingley who'll be the ones to have the final say in what happens regarding the authorisation of new shares?

    From what I have read in the press, it seems that a few financial institiutions / banks (HBOS included!) have agreed to underwrite the rights issue if there aren't enough takers anyway.

    It also seems that whilst the shares dipped earlier in the week to a low of 34/35p, they have since 'rallied' somewhat to 47p (current price?) on the back of renewed bid speculation; whether a takeover will affect the authorisation of new shares also remains to be seen.
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    Jujst bought 20,000 at 37p
    Liquidity is when you look at your investment portfolio and **** your pants
  • bristolleedsfan
    bristolleedsfan Posts: 12,680 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Stavros wrote: »
    Jujst bought 20,000 at 37p

    Where was that too, down the pub :rotfl: Or did they have B+B staff stood in a doorway flogging shares at 7.30 pm on a saturday. :rotfl:
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    No...........37p for the lot :rotfl:
    Liquidity is when you look at your investment portfolio and **** your pants
  • scott_lithgows
    scott_lithgows Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Without wishing to sound out of turn, will your vote actually count for anything? :confused:

    Will it be the institiutions that hold a significant percentage share in Bradford & Bingley who'll be the ones to have the final say in what happens regarding the authorisation of new shares?

    From what I have read in the press, it seems that a few financial institiutions / banks (HBOS included!) have agreed to underwrite the rights issue if there aren't enough takers anyway.

    It also seems that whilst the shares dipped earlier in the week to a low of 34/35p, they have since 'rallied' somewhat to 47p (current price?) on the back of renewed bid speculation; whether a takeover will affect the authorisation of new shares also remains to be seen.

    Probably not,however as someone who did his banking with abbey after they bought out N+P and caused me no end of problems,I think B+B will be taken over soon,therefore I,m starting moving over to the Yorkshire bs,my no vote is for the hassle this is causing me! Cant wait to vote against the directors next :p
    I have a deep burning indifference
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    shares rise to 61p as of 09.30
    Liquidity is when you look at your investment portfolio and **** your pants
  • Stavros wrote: »
    No...........37p for the lot :rotfl:


    Uve probably sold and taken your profit. ;)

    B+B shares have been on a steady downward spiral for most the week, closed on Thursday @ 39.5p a share. _pale_
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    What would happen to the shareholders stake if the B & B were taken over by another bank?
    Liquidity is when you look at your investment portfolio and **** your pants
This discussion has been closed.
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