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B & B shares - would you buy now?
Stavros_3
Posts: 1,288 Forumite
I know its not been a good day all round today in the banking sector (stating the bleeding obvious), Bradford and bingley down 15% to 31.5p a share. Their 52 wk high was at £3.28 some while back.Would anyone advise to buy a few thousand at this low price or do you feel there is still some way to go with this B.S.?
Liquidity is when you look at your investment portfolio and **** your pants
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Comments
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It is irrelevant what it was 12 months ago.
The share price is all about whether it will be able to make future profits.
Or not.
I doubt anyone on this board knows for sure. It would be a punt, pure and simple.0 -
putting money into any Bank's shares right now I'd say is a risk too far.0
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They might have to be rescued by the government like N rock and you'd get nothing for your sharesI know its not been a good day all round today in the banking sector (stating the bleeding obvious), Bradford and bingley down 15% to 31.5p a share. Their 52 wk high was at £3.28 some while back.Would anyone advise to buy a few thousand at this low price or do you feel there is still some way to go with this B.S.?Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Well thats the 'No' Camp, are there any in the 'Yes' camp with rationale?Liquidity is when you look at your investment portfolio and **** your pants0
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Well thats the 'No' Camp, are there any in the 'Yes' camp with rationale?
The question is, what is your rationale for buying? ( It's your money, after all...) FWIW, I'm in the ' No ' camp as well. B&B issued a profits warning earlier this year and a rights issue followed. There's also the question of mortgage fraud. This is just from memory and a quick Google - if you are seriously thinking of investing, you'd need to dig a bit further.0 -
No. Most likely outcome a no-premium buy out within weeks in my view.0
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I took up the rights issue at 55p a few weeks ago. I was one of a few 18% who did..
Wish I hadn't now..
Never mind...
Wait for a take over and see what happens. I would say they are heading the same way as the others..0 -
I know its not been a good day all round today in the banking sector (stating the bleeding obvious), Bradford and bingley down 15% to 31.5p a share. Their 52 wk high was at £3.28 some while back.Would anyone advise to buy a few thousand at this low price or do you feel there is still some way to go with this B.S.?
So have u still got the 20000 B+B Shares that u bought at 37p Stavros.
http://forums.moneysavingexpert.com/showthread.html?t=1029479&highlight=bradford+bingley+share+price0 -
TF I didn't mate :beer: but as an IFA whats your take on thisLiquidity is when you look at your investment portfolio and **** your pants0
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I think even bonds are a bet too far at the mo for me. Am sticking with collectives. Some will recover but I don't know which.0
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