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

bristolleedsfan

Masomnia wrote: »

There won't be queues for some time yet, if at all, because the media has been a lot more sensible about its reporting of B & B then it was with Northern Rock.

This is the first ( front page 7) a lot of people outside of the forums will have heard about B+Bs problems, interesting test to see if any queues form.

http://news.sky.com/portal/site/skynews/menuitem.4ac6ef1838e87e468d778d7789112da0/?vgnextoid=fea144ad9640b110VgnVCM1000005d04170aRCRD&vgnextchannel=805b17a021297110VgnVCM1000009811d20aRCRD&pager.offset=3

Masomnia

Well I hope not, they're doing well today, 41p and rising.

Good job that Mail readers are all calm and level headed people who'll weigh up all the options before reacting...

edindie

Not sure if this is what you're on about, but here's some more top quality reporting from the Mail.

http://ftalphaville.ft.com/blog/2008/07/09/14398/exclusive-daily-mail-discovers-existence-of-sub-underwriters-in-bb-scandal/

Oblivion

edindie wrote: »

Not sure if this is what you're on about, but here's some more top quality reporting from the Mail.

http://ftalphaville.ft.com/blog/2008/07/09/14398/exclusive-daily-mail-discovers-existence-of-sub-underwriters-in-bb-scandal/

Only in the Mail. LMAO :rotfl:

Dave

edindie

It would never have happened if Diana was still alive.

sandracliff

we have has a share rights issue for the B&B as we have 250 only since demutualisation is it worth it at the price offered now- its all very confusing-offer is 55p per share rights offer 335 we have till 15th aug to take this up and dont know what to do. HELPPLEASE !

bristolleedsfan

sandracliff wrote: »

we have has a share rights issue for the B&B as we have 250 only since demutualisation is it worth it at the price offered now- its all very confusing-offer is 55p per share rights offer 335 we have till 15th aug to take this up and dont know what to do. HELPPLEASE !

An opinion that ive come across is linked below.


http://www.ft.com/cms/s/0/07075e1c-5a6b-11dd-bf96-000077b07658.html?nclick_check=1

baby_boomer

Without having read any of the above thread I can categorically state that it is in the interest of any remaining B&B shareholders NOT TO TAKE UP THEIR RIGHTS.

Let the underwriters do that - otherwise you will dilute the value of your shares further .

barak

The FT article referred to by bristolleedsfan above is the best recent comment I've seen.

[Deleted User]

Look at all the mutual holders of HBOS shares that didnt take up their rights at 275p.

The market is now 310p so the Newspapers have conned the holders out of a lot of money not to mention their diluted shares make them get less profits when market normality returns.

You have to ask yourself whose interests are they serving the humble stock holder or the hedge funds that give them bribes to print run on the bank storys and can now close their short sales cheaper because people didnt take up the rights.

The truth is rarely in the majoritys hands, and when it is in stockmarket terms its no longer worth investing in as its already had a bull run.

If B+B survives and that is a risk balanced gamble some might take in taking up the RI. Given the fall in their main B+B stock holdings is one worth taking the rewards may prove to be great (allowing a market recovery) or at least a takeover will mean at least the RI purchase will be in profit.

The UK has been here before, did we have another boom years down the line?

Why are other banks so ready to underwrite what is not purchased?