Bradford and Bingley shares...

jimbo5661

HI, i've got a few B&B shares (5,500) i wandering if anyone had any ideas what value (if any) per share they will be valued at? i understand that a valuer has been appointed by the government - any ideas when they'll be valued by?
Also i understand (but could be wrong) that a similar process took place for Northern Rock shares that decided on a value of zero? is it likely to be the same for B&B..?!

Thanks, Jim.

cardsharps

You'll be lucky to get nothing for them.

Masomnia

I think you'll be lucky to get anything for them. On the Northern Rock thing, I think that was the provisional decision but not the final one, so it does look likely that NR shareholders will get nothing.

It's anyone's guess really, but NR doesn't set a good precedent.

jimbo5661

Thanks, i'll not book the Mauritius holiday just yet then!

womble12345

Check out the UKSA (UK Shareholders Assn) as they are campaigning for a decent valuation of the shares. They believe a fair value is 80p per share:

www dot uksa dot org dot uk slash bradfordbingley.htm

(I am not allowed to do links despite having been a member for years!)

notbritishgas

jimbo5661 wrote: »

HI, i've got a few B&B shares (5,500) i wandering if anyone had any ideas what value (if any) per share they will be valued at? i understand that a valuer has been appointed by the government - any ideas when they'll be valued by?
Also i understand (but could be wrong) that a similar process took place for Northern Rock shares that decided on a value of zero? is it likely to be the same for B&B..?!

Thanks, Jim.

I think the highlights above should give a clue to the worth of BB shares.

cardsharps

womble12345 wrote: »

. They believe a fair value is 80p per share:

I'm sure they do. Unfortunately no-one else does.

jimbo5661

Thanks womble, it makes interesting reading. Some hope for me then, just hope that cardsharps in deciding the amount!!

Aegis

womble12345 wrote: »

Check out the UKSA (UK Shareholders Assn) as they are campaigning for a decent valuation of the shares. They believe a fair value is 80p per share:

www dot uksa dot org dot uk slash bradfordbingley.htm

(I am not allowed to do links despite having been a member for years!)

They believed that a "fair value" for Northern Rock shares was significantly higher than when they were eventually suspended...

jimbo5661

Ok, i know no one really knows, but if you had to put a monetry velue on what Peter Clokey will place per share what would it be? I'm goign for 10p a share...

gozomark

zero, nada, nothing