surely BB on the takeover watch list currently todays news near to years
low with 8% yield bit of a no brainer.............

Bought in today could get taken out or recover 2 3 4 who knows.

I thought their results were due today
Anybody know when?

I read on another site they are due August 6, but that is unconfirmed

cheers

B&B rights issue takeup just 27.8% - MoneyAM

Mortgage bank Bradford & Bingley said today that shareholders subscribed to buy 27.8% of shares in its 400m rights issue. Underwriters Citigroup and UBS will now have to place the remaining 597 million new shares by Friday's close.

The two investment banks are supported by four major shareholders and six clearing banks that have agreed to back the underwriters.

B&B offered its shares at 55p each in the issue and its shares were trading just above that level as subscriptions closed on Friday.

The bank said separately that there had been 'no material change in the current trading and outlook' since its trading statement published in June. B&B is due to release first-half results on August 29th.

Not as bad as I thought it would be !!

Holding these and accumulating they will recover long term IMO

Taking a proper hammering now, and the institutions have not started unloading yet !!

BB. will go to 30p

WHY/??????????????????

Good support at 40p but if it doesnt hold could see 34/35p by close. Ouch !!!

Now the Vultures have surfaced, the tiddlers don't stand a chance of surviving as independants..... So, who's going to take over BBs share of the mortgage market then?

Barclays imho if any.

The amount they hold has risen recently considering they were dumped quite a few during the share offer. Though this may be through some of their investment branches.

Todays news release looks like a paring down prior to a takeover - ie the old bosses get the blame for job losses, not the new ones

possibly...
what price for a t/over and would shareholders get anything?

Terminado..

with the number of sheep and cowards out there in the market this is certainly possible. If people took the time to read the detail SIV's, CDO's etc already written to zero. On top of that they are one of the best capitalised savings banks in the UK. But clearly means nothing to anyone as the city tossers have found another victim whether they be right or wrong. im still a buyer and will continue to buy until they close the doors as the fundamentals do not justify this public slaughter.

If it's not possible to open any new short positions, the only ones who could be dumping the amounts involved are the banks who recently covered the rights issue - who just happen to be the ones who will take B & B over for a pittance when it's share price is driven into the ground .... that's even more corrupt than shorting it to death !

edit :- Tiger Global own up to having a > 1% short open - that's 10 mill shares - is it new or old? ...... have I missed a loophole somewhere that means it's ok to completely ignore new laws on opening short positions providing it's BB. shares? Either way, it's 10mill that have to be covered somehow ...

There seems to be 2 threads here...!.