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Bradford & Bingley Shares

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curlylou_2
curlylou_2 Posts: 22 Forumite
in Savings & investments
hello everyone!

I have 250 shares from Bradford & Bingley. I do not know much about shares and investing at all, so would like anyones advice please :)

Basically, I know vaguely that Bradford and Bingley are in trouble and there share price is dropping every day, people seem to think that they are going to go the same way as Northern Rock. Now my question is, shall i cash out my shares whilst I can, getting possibly a small return for them, or just wait it out and see if the share price recovers, but if it doesn't of course, then I could lose money.

Any advice would be good thank you :)
Stingey Student!
April Ebay Challenge - £61.77/£100
«1345

Comments

  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    B&B are no NR; I would hold.

    I grant you the shares have halved over the last year or so, so you've missed out on any big profits for the moment, but you're still picking up the dividend of over £50 a year. If you sold them, you'd only get around £500 and, if put into a savings account, that would earn less than £25 after tax.
  • curlylou_2
    curlylou_2 Posts: 22 Forumite
    thanks for your reply, I shall do this then. Wasnt willing to cash them in, but was worried id lose them altogether. :)
    Stingey Student!
    April Ebay Challenge - £61.77/£100
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As of now 250 shares are worth 484.00. _pale_
  • curlylou_2
    curlylou_2 Posts: 22 Forumite
    arg! thats depressing. I think Im just going to have to stop checking them to be honest. every time i go and check, they keep going down. :(
    Stingey Student!
    April Ebay Challenge - £61.77/£100
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    curlylou wrote: »
    arg! thats depressing. I think Im just going to have to stop checking them to be honest. every time i go and check, they keep going down. :(


    Bradford and Bingley Shares have continued falling. _pale_

    Now 1.76 a share with 250 shares worth 440.00. _pale_
  • spalding
    spalding Posts: 925 Forumite
    Don't look, come back in a year and fingers crossed they would have returned to there previous highs!
  • Banderman
    Banderman Posts: 351 Forumite
    bristolleedsfan wrote: »
    Bradford and Bingley Shares have continued falling. _pale_

    Now 1.76 a share with 250 shares worth 440.00. _pale_
    Use the share certificate as toilet roll. At least then you'd have had some benefit from them.
  • curlylou_2
    curlylou_2 Posts: 22 Forumite
    hmm, doubtful. considering i got them for nothing anyway, then anything is better than nothing
    Stingey Student!
    April Ebay Challenge - £61.77/£100
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    curlylou wrote: »
    hmm, doubtful. considering i got them for nothing anyway, then anything is better than nothing


    ill give u 50p a share for them :rotfl:
  • Bismarck
    Bismarck Posts: 2,598 Forumite
    I'll go to 75p....
    For what I've done...I start again...And whatever pain may come ...Today this ends... I'm forgiving what I've done -AF since June 2007
This discussion has been closed.
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