Bradford & Bingley Shares

JohalaReewi

Stavros wrote: »

No...........37p for the lot :rotfl:

Might not be far from the truth...
I took the zero payment option to sell some rights to buy shares. The rights sold at 0.0025p each :eek: but I did manage to sell enough to buy 3 new shares.

bristolleedsfan

JohalaReewi wrote: »

I took the zero payment option to sell some rights to buy shares. The rights sold at 0.0025p each :eek: but I did manage to sell enough to buy 3 new shares.

B+B sent me two letters informing me that I had gained 1 extra share.

In reply to Stavros, Shareholders would get whatever a prospective bidder was willing to pay, maybe 50p a share or 1.00 a share depending on market conditions and sentiment at that time.

Two factors surround B+B atm, one is continuing concern about B+B business model reliance on buy to let and apparent fact that the rights issue underwriters are still sitting on unwanted shares, they agreed to wait and see for a month hoping sentiment towards B+B shares might have improved in that period. ( unlikely)

I read the other day that B+B are planning to do the same as NR, shrink the business.

Stavros_3

bristolleedsfan wrote: »

In reply to Stavros, Shareholders would get whatever a prospective bidder was willing to pay, maybe 50p a share or 1.00 a share depending on market conditions and sentiment at that time.

Their current price is 39.5p a share, Do peeps still think its unwise to jump in, I'm kicking myself when they were down at 27p a few weeks ago, should have gone with my gut feeling they were up at 56p a short while later

Masomnia

They were as low as 31p at one point and 60p was the recent peak, so you almost doubled your money if you bought at the bottom and sold at the top.

I should say it depends on your risk profile

cbobting

no talks of a merger for bb?!

SouthCoast

BRADFORD & BING ORD 25P
25.00 -4.00 (-13.79%)British Pence as of 04:35 PM BST on 18/09/2008 (London Delay: 15 mins.)

Nobody wants to buy toxic debt.

cbobting

SouthCoast wrote: »

Nobody wants to buy toxic debt.

and the debt of hbos and others is different?

SouthCoast

and the debt of hbos and others is different?

Yes. Because it is in The National Interest.

cbobting

SouthCoast wrote: »

Yes. Because it is in The National Interest.

yep. obviously no one cares about bb then.

cheekykid

What are the chances of this institution to go under? surely 25p each share doesn't sound good but on the other hand maybe its a golden opportunity?