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Bradford & Bingley are DOOMED !

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Comments

  • kunekune
    kunekune Posts: 1,909 Forumite
    I thought you might be amused to know that the signage on the roof of B&B in central Bingley (visible from our living room, oh joy) has been subtly altered. It is now the Bradfo & Bingley. I'll let you know when another letter drops off.
    Mortgage started on 22.5.09 : £129,600
    Overpayments to date: £3000
    June grocery challenge: 400/600
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    EdInvestor wrote: »
    Rubbish.The TPG money is being replaced by an even larger sum coming from existing shareholders Standard Life, L&G, the Pru and HBoS.

    No doubt they will replace current management with more competent people and dump the present chairman and board.

    If Clive Cowdery/Resolution end up in charge, so much the better. He has a plan to scoop up all the troubled mortgage lenders and consolidate them as he did successfully with the bombed out life funds.


    Tip us the nod when its time to buy, you seem to be talking sense ;-)
  • Tassotti
    Tassotti Posts: 1,492 Forumite
    How is is 'House Buying, selling , rentin' etc

    Mods?
  • TTMCMschine
    TTMCMschine Posts: 684 Forumite
    ad44downey wrote: »
    The Texas Pacific offer has disappeared. I hope everyone managed to bail out of this turkey in time. Bradford and Bingley shares down another 9% today alone to only 55 pence. The future looks very grim for them

    Maybe the Americans aren't stupid after all :eek:
  • Rabiddog_2
    Rabiddog_2 Posts: 418 Forumite
    It is now the Bradfo & Bingley
    Dont they know the first thing about business!!!?? Every one knows you're supposed to invest in R+D in a recession :j

    A good bag in their day...
    tribuo veneratio ut alius quod they mos veneratio vos
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    Things are going to get even grimmer for B&B shareholders. It's time to bale out now if you haven't already done so.


    Panmure Gordon analyst Sandy Chen cut his target price for the bank to 20p, citing the "gauntlet" of "an emergency rights issue, more difficult funding conditions, and a rapidly deteriorating macro environment". B&B shares closed below the rights price at 50p, down 11p.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    Shares down 13% today so far to only 43.5 pence. B&B is not long for this world it seems
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    My feeling is TPG must have disappeared for a reason. As I posted before, the TPG offer was encouraging to me, but their pull out is more discouraging than their offer was encouraging. so, although I was feeling I had acted rashly in beating a retreat from Band B it seems that TPG are doing the same. Now I feel canny rather than rash, lol.
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Only problem selling 250 shares at these levels is that you lose 15% on £15 commission :(.

    But if they are going to fall to 30p or lower then it would be worth doing now.
  • aardvaak
    aardvaak Posts: 5,836 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Would it be a good idea to buy the rights issue?
This discussion has been closed.
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