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Bradford & Bingley are they going bust (BB)     

mitzy - 13 Feb 2008 21:40

Top faller in the Banking sector today with a 25% fall are they about to go bust as the housing market stalls .. are they another Northern Rock failure about to blow.

Clubman3509 - 25 Sep 2008 16:01 - 82 of 132

Maybe retribution for the Asian invasion in Bradford during the 70s & 80s and 90s

dealerdear - 25 Sep 2008 16:02 - 83 of 132

lol

hlyeo98 - 25 Sep 2008 19:39 - 84 of 132

Chart.aspx?Provider=EODIntra&Code=BB.&Si

stroreysj - 26 Sep 2008 07:27 - 85 of 132

am i the only buyer out there ? Im either going to be crying in my soup in the poor house or laughing in my Ferrari if this ever sorts itself as will be paying more in capital gains tax on the dividend than i used to earn in the city. Anyway have my limit orders to buy even more if it gets pummeled to the 15p area. Off to the first night F1 Grand prix practice session as likley to be far less stressful

dealerdear - 26 Sep 2008 07:41 - 86 of 132

If the deal isn't done in the US, IMO this will have gone by the middle to the end of next week. Probably taken over but whether the shareholders get anything back is debatable.

I wish you luck and if you get your Ferrari, can I have a go?

You can have a drive of my Skoda ......

Clubman3509 - 26 Sep 2008 07:44 - 87 of 132

Don't lool like the US deal is done. Should be interesting to see how UK banks do today. I think it is curtains for BB in the next few days

mitzy - 26 Sep 2008 08:18 - 88 of 132

sub 20p for the first time.

Hey scotsman I won my bet..!

Clubman3509 - 26 Sep 2008 08:21 - 89 of 132

BB Now 18p down over 15%

hlyeo98 - 26 Sep 2008 08:21 - 90 of 132

You're right...18p...could be sub 10p next week.

Clubman3509 - 26 Sep 2008 08:24 - 91 of 132

I don't think it will last till next week. Something will happen today, or over the weekend. Shares Could be suspended today. 17.5 now

mitzy - 26 Sep 2008 08:32 - 92 of 132

Its ok GB is in America holding talks with Bush re a possible bail out of BB.

stroreysj - 26 Sep 2008 08:40 - 93 of 132

im definately off to the garnd prix now have just hit another limit down and now the owner of 1/2 million fast approaching worthless shares. If this rescue plan does not get signed off at the weekend then I am seriously concerned that there will be nothing left on Monday.

hlyeo98 - 26 Sep 2008 08:40 - 94 of 132

I think Gordon is going to copy Bush's idea as usual and cost more demise to our economy.

If the US bailout goes through, it will cost each American $US2333. Why should they absorp the burden when the fatcats get all the bonuses in good times?

Clubman3509 - 26 Sep 2008 08:47 - 95 of 132

Put 10p on tax and lets have back the old days when top earners paid 90 CGT
Hedge fund high earners should pay tax at 98p

Only joking the only tax I pay now is bar fines.

dealerdear - 26 Sep 2008 08:54 - 96 of 132

You've been to Thailand then ...

naughty boy ;-)

required field - 26 Sep 2008 08:57 - 97 of 132

Looks bad for this company...people losing jobs...hope they won't fire the lovely B&B girl in her bowler hat !.

Clubman3509 - 26 Sep 2008 09:02 - 98 of 132

I live there my friend

required field - 26 Sep 2008 09:02 - 99 of 132

We should be on the other thread as this company's epic code is: BB.

Clubman3509 - 26 Sep 2008 10:40 - 100 of 132

STOCKS NEWS EUROPE-Bradford & Bingley slides on funding worries
AFX


- STOCKS NEWS Reuters Results diary

Stocks on the move Real-time Equity News



09:03GMT 26Sept2008-Bradford & Bingley slides on continued funding worries

---------------------------------------------------------------------------

Shares in British mortgage lender Bradford & Bingley slide as a cost-cutting programme unveiled on Thursday fails to dispel concerns over its funding position, analysts say.

Shares are down more than 8 percent after falling as much as 22 percent earlier in the session.

'B&B is in deep loss for 2008, and I presume the dividend will be passed,' says a London-based analyst.

On Thursday B&B shed 370 jobs and said it had sold its remaining impaired mortgage-backed securities at a loss of 50.8 million pounds.

B&B shares are down more than 60 percent since the beginning of the month, with the bank's high dependence on expensive wholesale funding raising doubts over its prospects as an independent lender, analysts say.

Reuters Messaging: rm://myles.neligan@reuters.com@reuters.net

mitzy - 26 Sep 2008 22:35 - 101 of 132

According to papers they had no buyers for the company.
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