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Bradford & Bingley Bailout by the City
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Shouldn't it be 'The Three Billy Goats Gruff' for DD?0
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BB. down around 26% in early trade this morning, but has recovered slightly since.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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As at 9 a.m. today Bradford and Bingley shares down 19%
It shouldn't be too long now before this turkey is put out of its misery.Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Come on children, behave!0
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ad44downey wrote: »As at 9 a.m. today Bradford and Bingley shares down 19%
It shouldn't be too long now before this turkey is put out of its misery.
B&B is essentially worthless, according to the City:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/08/cnbrad108.xml
Bradford & Bingley shares crashed 16pc to 42p yesterday, dropping further below the 55p-a-share price of its £400m rights issue, as the City speculated that the buy-to-let lender is worthless.
Pali International, a stockbroker, cut its target price for the bank to "zero" and calculated B&B's "net present value" to be -14p. In a separate note, banking specialist Fox-Pitt, Kelton said: "We cannot rule out the possibility of an effective failure with shareholders receiving little or nothing for their shares."
Game over man, game over.
Alliance and Leicester next?--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
B&B is essentially worthless, according to the City:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/08/cnbrad108.xml
Bradford & Bingley shares crashed 16pc to 42p yesterday, dropping further below the 55p-a-share price of its £400m rights issue, as the City speculated that the buy-to-let lender is worthless.
Pali International, a stockbroker, cut its target price for the bank to "zero" and calculated B&B's "net present value" to be -14p. In a separate note, banking specialist Fox-Pitt, Kelton said: "We cannot rule out the possibility of an effective failure with shareholders receiving little or nothing for their shares."
Game over man, game over.
Alliance and Leicester next?
-14P ? I'll have some of that, does that mean I'd get paid 14p to own a share, w00t !0 -
Dithering_Dad wrote: »I suspect that if you knew this was coming you definitely would have moved your money into cash. Instead, like most people, you thought there may be a possibility this might happen and a possibility it might not. You only know because of hindsight.
....
Fair point.US housing: it's not a bubble
Moneyweek, December 20050 -
Dithering_Dad wrote: »Abusive post reported. I suggest you keep your views on disabled children to yourself, you piece of !!!!!!.
Couldn't have put that better myself.
This mum to a profoundly disabled child has also reported your post, Treadmill.0 -
I've just trawled through some of treadmill's prev. posts and can't find anything remotely abusive.
that said, this looks like a serious humour mal-function.
an apology should settle it.miladdo0
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