Bradford and Bingley

HEDONITE

Hi there
What is the feeling on the new Bradford &Bingley share proposal? Should we sell them and get out or will it pay us to buy the extra shares (16 for every 25 held) and hope they will increase in value and dividend?
Any suggestions appreciated.

grade15

have you heard of Northern Rock??????????

KeithEssex_2

HEDONITE wrote: »

Hi there
What is the feeling on the new Bradford &Bingley share proposal? Should we sell them and get out or will it pay us to buy the extra shares (16 for every 25 held) and hope they will increase in value and dividend?
Any suggestions appreciated.

You might find this background interesting ....

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/15/ccbingley115.xml

KeithEssex_2

N.B. It really isn't all doom and gloom for B&B ...

It has changed it approach to adopt a policy of holding a larger proportion of it's liquidity in higher quality, but lower yielding, instruments.

".... B&B has secured funding into 2009, so investors should feel confident that it will not go the way of Northern Rock. It raised £2.5bn of funding at the height of the credit crisis and another £2bn this year, so it will be able to meet its obligations." Daily Telegraph, 15/02/2008

bristolleedsfan

HEDONITE wrote: »

Hi there
What is the feeling on the new Bradford &Bingley share proposal? Should we sell them and get out or will it pay us to buy the extra shares (16 for every 25 held) and hope they will increase in value and dividend?
Any suggestions appreciated.

http://forums.moneysavingexpert.com/showthread.html?t=914855


http://forums.moneysavingexpert.com/showthread.html?t=932191


http://forums.moneysavingexpert.com/showthread.html?t=914087&highlight=bradford+bingley+share+price

bristolleedsfan

KeithEssex wrote: »

N.B. It really isn't all doom and gloom for B&B ...


".... B&B has secured funding into 2009, so investors should feel confident that it will not go the way of Northern Rock. It raised £2.5bn of funding at the height of the credit crisis and another £2bn this year, so it will be able to meet its obligations." Daily Telegraph, 15/02/2008

Trouble is from the evidence April/May 2008 people have got a problem believing what Bradford and Bingley has to say.

ad44downey

This is all you need to know about the honesty and competence of B&B. Don't invest money in a sinking ship:

14 April 2008:
Contrary to press speculation today, Bradford & Bingley announces that it is not intending to issue equity capital by way of a rights issue or otherwise. Bradford & Bingley has a strong capital base, above its regulatory requirements, and as a result of the Board’s conservative approach, has funded its business activities through 2008 and into 2009. In the current market environment, the Board will naturally continue to monitor closely the balance sheet strength of the business and its funding plans.

14 May 2008:
The Board of Bradford & Bingley plc announces a rights issue to raise approximately £300 million, net of expenses, in a 16 for 25 rights issue at an issue price of 82 pence per Bradford & Bingley share. This represents a 36% discount to the theoretical ex-rights price and a 48% discount to the closing price of Bradford & Bingley shares of 158.75 pence per share on 13 May 2008, the last trading day before this announcement.
The proceeds of the rights issue will strengthen the Group’s capital position and will mitigate the impact of the previously announced reductions in the value of certain of the Group’s treasury investments.

setmefree

Shares now £0.98p

bristolleedsfan

setmefree wrote: »

Shares now £0.98p

95p at 3.20. :rotfl: ( less numbers less keys to type. :rotfl: )

setmefree

bristolleedsfan wrote: »

95p at 3.20. :rotfl: ( less numbers less keys to type. :rotfl: )

LMAO

I see yet another Tax Payers hand out coming up

setmefree

I know now why they are called shares, the Prices drop and the Tax Payer SHARES the bill