B & B shares - would you buy now?

fatpig_2

sabretoothtigger wrote: »

7p

That's still 7 pence too much!!


Just to re-iterate: B&B shareholders may well be fooked but B&B savers have nothing to worry about

From today's FT:

http://www.ft.com/cms/s/0/c4570180-8805-11dd-b114-0000779fd18c.html?nclick_check=1



Alistair Darling, chancellor of the exchequer (finance minister), said last year after the run on Northern Rock that the government would guarantee every penny of savers’ money, not just at the Newcastle lender but at every other bank.

sabretoothtigger

Yea I wouldnt bother selling or whatever at this point and those analyst ratings are always pretty wild.

The bank has just completed a £400m rights issue and its core equity Tier 1 ratio – a measure of strength – is 9.1 per cent, one of the highest in the sector. However, about 85 per cent of its mortgage book is riskier buy-to- let and self-certified mortgage loans.

B&B’s shares fell 25 per cent last week, ending at 27.75p.

30 now

Andrew64

Bradford & Bingley 7p (20p)

Some people don't think it's worth even that much!

http://www.guardian.co.uk/business/marketforceslive/2008/sep/22/hbosbusiness.lloydstsbgroup

"Meanwhile Bradford & Bingley was dismissed by JP Morgan as not even meriting a target price.'We do not believe it is a viable standalone entity'."

competitionscafe

Bye, bye Bradford & Bingley?
"Pretty much everyone seems to agree that in an independent, stock market-listed sense, this is the end for Bradford & Bingley"
http://ftalphaville.ft.com/blog/2008/09/22/16186/bye-bye-bradford-bingley/

Damo1176

I am wanting to get involved with buying shares especially with the voltility of the banking market and an increasing interest generally.

I would like to be able to buy and sell online and realtime if possible. The thing will be that I don't want to be forced to buy and sell every month or period. Therefore I need a reasonable buy fee but no keeping fee as it were.

I've heard about hoodles Brennan, what are people's experience of them. A friend has Natwest and they are expensive per buy and sell but look easy enough.

Any advice welcome.

baby_boomer

ITN news should be shot for this schoolboy error.

I got half excited about the headline - "Building Society in takeover talks"

And find that they are erroneously referring to B&B - a mortgage bank.

Stavros_3

Quote B & B
"A B&B spokesman said: "Our funding foundations are solid and we are well capitalised."

Didn't HBOS say that before things went t**s up

sabretoothtigger

Seems they arent totally wrong though they are leveraged like hbos was and others are.

Some of this data is from march and so will now be inaccurate but its still worth a repost I think








Round of this summers results:

Andrew64

Things must be bad! According to this report, HSBC, Barclays and Santander will basically be forced to take over B&B!

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3063031/Banks-lined-up-as-backstop-for-BandB-if-buyer-not-found.html

Andrew64

B&B shares closed today at under 25p - the lowest yet!