Bradford & Bingley are DOOMED !

Neillgb

baby_boomer wrote: »

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.

Yes , not much of a nest egg now is it. Myself I would just chuck the certificate in a draw and forget about it for a year!. Worse case scenario is you lose £100.

TTMCMschine

lostinrates wrote: »

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.

They pulled out because the B&B have been written down further, ie their rating is poor making them a bad risk.

TTMCMschine

It'll be the Alliance & Leicesters turn next.

Plus watch out for Persimmon & Bovis this week they have trading updates - down 30-40% anyone? Bellway will probably follow them down too along with a lot of other housebuilders.

The credit crunch problems are starting to become more & more visible now, so far we've just had the tip of the iceberg - anyone noticed that some of their friends, people they know, etc have been made redundant lately?

lostinrates

TTMCMschine wrote: »

They pulled out because the B&B have been written down further, ie their rating is poor making them a bad risk.

Yes, I realised this Only, they get to see the paperwork during the negotiations, don't they? We don't!

lix_2

baby_boomer wrote: »

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.

Better to lose 15% now rather than 100% in the next few months.

Look out below! BRADFORD & BINGLEY (BB.L) At 12:18PM : 42.75 p Down 7.25 (14.50%)

Neillgb

TTMCMschine wrote: »

They pulled out because the B&B have been written down further, ie their rating is poor making them a bad risk.

Think I right in saying that defunct TPG deal involved them having preferential shares which protected them from share price dilution as a result of a rights issue. That seemed to be a very good deal, judging by the response of the major shareholders who were not happy. The fact that TPG have walked away, rather quickly, from the deal is a serious concern.

B&B risk rating puts them a couple of points above 'junk' status.

lostinrates

Neillgb wrote: »

..... The fact that TPG have walked away, rather quickly, from the deal is a serious concern.

.....

Thats certainly what I was trying to get at

TTMCMschine

Have you seen that Goldman Sachs are still going to pick up a hefty "success" bonus even though the TPG deal fell through?

Disgusting isn't it?

lostinrates

TTMCMschine wrote: »

Have you seen that Goldman Sachs are still going to pick up a hefty "success" bonus even though the TPG deal fell through?

Disgusting isn't it?

I know they'll still be paid, which seems right...but a bonus really? Oh well, might pan out for the new group buyout, good for them:rolleyes:

aardvaak

Should I still use my option to buy the rights issue?