Bristol & West shares

rotate

I have just rediscovered a B&W share certificate for 250 8.25% none redeemable preference shares dated July 1997.
I only searched for the certificate on reading a letter from them offering shareholders a cheap dealing service.
Now should I sell or stick?
Any advice gratefully recieved .

glider3560

Aren't Bristol & West now owned by Bank of Ireland?

rotate

Thats what I thought,seems they were sold to Brittannia then Bank of Ireland,however the shares are still quoted at around 97p.
I still get dividend cheques and I have also found a letter dated Aug 1997 saying roughly,folowing the combination of B&W with Bank of Ireland you were allotted 250 B&W preference shares that will pay a twice yearly dividend at the rate specified 8.125%.
What I was wondering is it worth holding for the dividend stream(although small) and a possible share price improvement.Or sell as they could go lower

alanq

Bristol & West plc still exists and is a wholly owned subsidiary of the Bank of Ireland. Only part of the business was transferred to Britannia BS.

"2005
21 September: Bank of Ireland completes the sale of the Bristol and West branch and Direct Savings (Contact Centre) to Britannia Building Society. "
http://en.wikipedia.org/wiki/Bank_of_Ireland

http://www.bristol-west.co.uk/bwplc/

Inactive

I still have mine as well, I will just keep them the dividend isn't that bad on the small amount held.