B & B shares - would you buy now?

fatpig_2

a7man wrote: »

If they reach 10p I'll prob buy some as a long term investment.

Lucky boy that they never reached 10 pence then. They bypassed 10 pence obviously during their drop from 18 pence to a big fat zero.;)

fatpig_2

Stavros wrote: »

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.?

I hope you didn't do it Stavros?

stebiz

Thank God I didn't buy any. Northern Rock cost me 7k.

Stebiz

Stavros_3

fatpig wrote: »

I hope you didn't do it Stavros?

Nope, although I was sort of tempted when they hit 18p for a while, but my sensible head said 'Not with a barge pole'

6022tivo

So what happens now......

Share price is suspended at 20p....

Do shareholders get anything, now or in the future??

Stavros_3

Depends I suppose on what value Santandar put on the B & B. Although I'm not a shareholder I think its a bloody scandal that they raised millions in a rights issue at 55p I think it was to keep the company going and all those loyal customers end up with nowt.

Farway

6022tivo wrote: »

So what happens now......

Share price is suspended at 20p....

Do shareholders get anything, now or in the future??

"Shareholders now have to hold fire and wait for a Treasury appointed independent 'valuer' to decide how much, if any, compensation they might receive."

Full details here

http://www.thisismoney.co.uk/investing/article.html?in_article_id=452896&in_page_id=166

6022tivo

Stavros wrote: »

Depends I suppose on what value Santandar put on the B & B. Although I'm not a shareholder I think its a bloody scandal that they raised millions in a rights issue at 55p I think it was to keep the company going and all those loyal customers end up with nowt.

I was one of the 18% who took up the rights and sent the cheque off. I do feel a little cheated I suppose, but that is the gamble I took...

I did think raising 400million with a 50 million charge for the issue was silly and not enough, but anyway, live and learn....


With the sale of the savings arm, and the eventual profit the govenment will make when things return to normal and the debts get paid, the shares are worth much much more than the 20p they are sitting at..

FeelingSkint_2

All you can do is hold and give the kids the certs. Thy might get something..lol