Looks like West Brom Building Society is going UNDER

cvd

If the West Brom returns to a profitable state in a few years' time, can it redeem or buy back these "Profit participating deferred shares"?

bristolleedsfan

cvd wrote: »

If the West Brom returns to a profitable state in a few years' time, can it redeem or buy back these "Profit participating deferred shares"?

Building Societies only remain independent for as long as its Board wish it to remain so, when better times return its possible that Westbromwich BS will agree to a merger, after all its Chief Executive is famous for doing merger deals. Ill be keeping 100.00 with them just in case.

cvd

when better times return its possible that Westbromwich BS will agree to a merger,

But if the West Brom is now taken over by another society, surely that other society will have to repay these "Profit participating deferred shareholders" as they are part-owners of the West Brom. Hence any payout to ordinary members will be correspondingly reduced.

(I am just speculating here - I am no expert on this.)

Chadsman

opinions4u wrote: »

In the case of Lloyds and RBS this year? Naff all.

I mean in previous years when banks have made a profit what proportion of that profit is paid out to shareholders? 25% sounds a bit high

agsnu

Chadsman wrote: »

I mean in previous years when banks have made a profit what proportion of that profit is paid out to shareholders? 25% sounds a bit high

From a quick look at the RBS accounts, in 2006 they paid out £2.5bn in dividends and made a profit of £3.5bn.