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Birmingham Midshires
smauelblue
Posts: 1 Newbie
Does anyone know anything about Birmingham Midshires I have a certificate for BM 9 3/8 percent Permanenet Interest Bearing Shares. Any ideas?
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smauelblue wrote: »Does anyone know anything about Birmingham Midshires I have a certificate for BM 9 3/8 percent Permanenet Interest Bearing Shares. Any ideas?
An amalgamation of the Midshires Building Society (Wolverhampton Permanent) and somone else. It was sometime back
They were absorbed into Halifax Building Society who were subsequently absorbed in to Bank of Scotland.
Would be surprised if there is any value attaching but good luck."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The BM PIBS were replaced by Halifax perpetual subordinated bonds in 1998/9 when the takeover occurred. So you would need to check that a replacement certificate was received, and what happened to it, i.e. have the replacement bonds been sold? If the bonds have been sold then the certificate that you have is of no value (unless as a curio).
All of which means that the PSBs are now issues of Lloyds Banking Group since the takeover of HBOS
http://www.lloydsbankinggroup.com/media/pdfs/investors/UT2/1998Oct26_Halifax_UT2_OC_GB0005242879_50M_9.375pc.pdf
http://www.lloydsbankinggroup.com/investors/contacts.aspLiving for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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