Shares - What happened to my B&B Shares?

Masomnia

You did indeed realize a loss in tax year 2008.

I believe you can still use it too.

sabretoothtigger

six years backwards if there is any justice in the world!



http://www.moneyam.com/action/charts/custom
http://www.stockopedia.co.uk/share-prices/bradford-bingley-LON:BB./






[IMG][/img]http://i.imgur.com/EVA38.gif

barak

sabretoothtigger wrote: »

six years backwards if there is any justice in the world!

Haven't you missed one? Please add BNC - although it won't show the whole period unless you can stick ANL on the front.

property.advert

There would be a lot of people caught out on Lloyds as it had a very impressive yield, which may have been cut a little but was still well covered and then it was coerced into swallowing that poison pill. The rank and file who did a bit of homework and thought they were getting a little ahead of the curve were truly screwed over on this one.

sabretoothtigger

Lloyds wanted to take over HBOS for years but couldnt due to competition requirements.
Turns out sometimes the things you are told not to do are for your own good. They did have their own troubles with PPI and also Lloyds is half the size of HBOS so will take a while for them to turn it



BNC is a spanish quoted share listed here so also relys on Euro worth, its a year low now

j0hnyoung

opinions4u wrote: »

Out of interest, in what way has "the company has in principle started trading"? I'm not aware of it. It's bust. Dead. Even if the name lived on, the shareholders will never see a penny again. Why should they?

It is government owned, but its still trading..I can't post any links on here, but still type bradford and bingley into google and you will see the evidence there..

opinions4u

j0hnyoung wrote: »

It is government owned, but its still trading..I can't post any links on here, but still type bradford and bingley into google and you will see the evidence there..

As in the assets of Bradford & Bingley are owned by UK Financial Investments on behalf of HM Treasury (and the taxpayer).

As Bradford & Bingley's shareholders were unable to meet the liabilities of the business themselves their shares are worthless and that value won't be reinstated at any time.

BeachNut

atush wrote: »

I do think should you have a capital gain with tax payable you can count the loss against it?

Not if you got them for free when it converted. Nil cost less nil proceeds = nil profit/loss for CGT.

sabretoothtigger

Thats why people buy sell. If he had bought them back he could now write off the purchase price presuming you have 20k of profit elsewhere this year?

I think that explains why bb or others has buyers just before they get shut down. Its a free bet set against tax