Bradford & Bingley Shares

ad44downey

Banderman wrote: »

The city doesn't like B&B shares, they're down to 165 pence today. :rolleyes:

Today, they're down to 143 pence. :eek: I hope you managed to sell before the share price plunged further and before you have to fork out more money for even more shares.

bristolleedsfan

Can someone please explain what the proposal means to someone with 250 B+B shares whether they decide to take up the rights issue or not take it up.

http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=303196&re=3025&ea=187011

6022tivo

I think it is time to get rid of these maybe??

ad44downey

This broker says yes:

"Panmure Gordon reiterated its sell recommendation estimating the rights issue would leads to an 80% dividend cut."

bristolleedsfan

6022tivo wrote: »

I think it is time to get rid of these maybe??

Down to 1.35 a share today, 250 shareholding now worth 337.50. :eek: