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B&B Rights issue.. take up the offer ?

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  • ad44downey
    ad44downey Posts: 2,246 Forumite
    Very true. These shares used to be more than a fiver, now less than 50 pence. It's incredible how doomed they are
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • setmefree
    setmefree Posts: 851 Forumite
    ad44downey wrote: »
    Very true. These shares used to be more than a fiver, now less than 50 pence. It's incredible how doomed they are

    Looks like they will be heading for less than 40p before long
    41.50
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    Bradford and Bingley shares finish down 16% today alone to only 42 pennies a share.

    Somebody has got to rescue this turkey very quickly before things are too late.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    ad44downey wrote: »
    Bradford and Bingley shares finish down 16% today alone to only 42 pennies a share.

    Somebody has got to rescue this turkey very quickly before things are too late.

    But who in their right minds would want to take on their mortgage portfolio? This is severely damaged goods and the incinerator beckons.

    Dave.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • napoleon
    napoleon Posts: 611 Forumite
    Presumably it'll have to be the the lender of last resort. i.e Bank of England = you and me. :confused:
  • TRUSt_NO_1_2
    TRUSt_NO_1_2 Posts: 342 Forumite
    ad44downey wrote: »
    Bradford and Bingley shares finish down 16% today alone to only 42 pennies a share.

    Somebody has got to rescue this turkey very quickly before things are too late.

    Put it in the Farepak hamper ?
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    32.5p as of 8.30am this morning. :eek: :eek: :eek:
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    As at 9 a.m. today Bradford and Bingley shares down 19%

    It shouldn't be too long now before this turkey is put out of its misery.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • setmefree
    setmefree Posts: 851 Forumite
    ad44downey wrote: »
    As at 9 a.m. today Bradford and Bingley shares down 19%

    It shouldn't be too long now before this turkey is put out of its misery.

    Well people cant say they haven't been warned ;)
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    setmefree wrote: »
    Well people cant say they haven't been warned ;)


    There hasnt been any bad news stories on the non specalised TV news re B+B, its third attempt at a rights issue was dressed up as a good news story.

    Cost of B+Bs attempt to shore up its balance sheets with rights issues and bungled rights issue attempts is unreal.

    http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=307684

    Bottom share price level is Zero according to this.

    http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport&tempPageName=803226
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