Bradford and Bingley

setmefree

If you are worried about your savings then why not transfer it somewhere else, i'm not being negative but haven't you heard the saying it's no good crying over spilt milk.

bristolleedsfan

Article here that may interest some of B+B smaller shareholders. IMO, One big mistake both NR and B+B made was its apparent obsession with remaining independent, it should have got bought years ago and retained identities as morgage or savings arms of the buying Bank.

http://www.guardian.co.uk/money/2008/may/31/shares.moneyinvestments

Biggles

johnbfan wrote: »

I wish people would not see this as such a joke. Have a little more feeling for some of us. I have been with B&B for 40+ years, and have what little savings we have for retirement with them. Myself and two sons hold the free shares and will never be in a position to buy shares on the stock market. Losing these would not be a problem as we never paid for them but losing our savings is difficult. Life in retirement is going to be difficult enough without some of you gloating as we lose our future.

I sympathise, but always make sure to obey the golden rule of saving: never have more than £35,000 with any one institution, then it's protected.

Biggles

ad44downey wrote: »

B&B shares down another 2.5% to 88 pennies today alone.

There are no surprises there, though. Once they set the offer price at 82p, there was no way the share price was ever going but down towards that mark. The only question that remains (that may be answered over the next week or two) is whether that forms a platform for the share price or whether it carries on dropping through it. If the latter, it'll dent B&B's rights offer badly.

Mr.Bear

I reckon they'll bounce at 82p, as everyone knows they have great exposure to the BTL market which will suffer as house prices fall but surely they become a bargin at some point if not already. Houses are vastley overpriced in my opinion but i doubt they'll drop to the valve the share price drops indicate. from what i understand liquidity is not the issue here so anyone comparing it to northern rock is very much mistaken.

napoleon

Mr.Bear wrote: »

I reckon they'll bounce at 82p, as everyone knows they have great exposure to the BTL market which will suffer as house prices fall but surely they become a bargin at some point if not already. Houses are vastley overpriced in my opinion but i doubt they'll drop to the valve the share price drops indicate. .

bounce, more like plunge through 82p like a lead balloon.

earlgrey_3

Biggles wrote: »

There are no surprises there, though. Once they set the offer price at 82p, there was no way the share price was ever going but down towards that mark. The only question that remains (that may be answered over the next week or two) is whether that forms a platform for the share price or whether it carries on dropping through it. If the latter, it'll dent B&B's rights offer badly.

Unfortunately, the rights offer is already wrecked if the price remains as it is and there's not a decent margin between offer and the share price. That's going to depend on news on house prices and how well the RBS offer goes.

I don't have any personal interest in B & B either as a shareholder or saver but
it's a great shame for the small shareholders with a handful of shares - even if it delights some of the twisted saddos on this board.

ad44downey

earlgrey wrote: »

I don't have any personal interest in B & B either as a shareholder or saver but
it's a great shame for the small shareholders with a handful of shares - even if it delights some of the twisted saddos on this board.

That's a bit strong. You can't really expect the ordinary man not to gloat a bit when you see the likes of Northern Rock, B&B, etc. who fuelled the ill-fated property boom to the detriment of society as a whole get their comeuppance. It's perfectly natural. :T

setmefree

earlgrey wrote: »

I don't have any personal interest in B & B either as a shareholder or saver but
it's a great shame for the small shareholders with a handful of shares - even if it delights some of the twisted saddos on this board.

like i said before the shareholders had an ample opportunity to sell their shares months ago when things started going wrong, as for your view of calling people on here twisted saddo's ,perhaps you should take a look at yourself you sanctimonious idiot

napoleon

earlgrey wrote: »

I don't have any personal interest in B & B either as a shareholder or saver but
it's a great shame for the small shareholders with a handful of shares - even if it delights some of the twisted saddos on this board.

You're being very melodramatic. People only got 250 shares when Bradford and Bingley demutualised so even if the shares went to zero nobody is going to bankrupt or destitute because of it, surely?