Islamic Bank Of Britain Share Discussion Threads

[sven2006] 11/4/2011 14:49

knew it would end in tears, but no, you lot invest in this mess !

edit - someone needs to change the thread title maybe ............the way under ?

[goldennugget1] 21/3/2011 21:48

Selling the company at a 70% discount to the share price - thats hilarious! Who would trust these clowns with their money. Better off in a 'normal' bank.

[nscap] 21/3/2011 13:36

yes, they start by chinese burns...

[nscap] 21/3/2011 13:36

yes, they start by chinese burns...

[msy] 17/3/2011 17:55

what happens to existing shareholders, is their holding aquired by force?

[nscap] 17/3/2011 15:32

I suppose the saddest thing is that in merger arbitrage the assumption is that the buyer over-pays.

The good news is the market potential for this bank! New backers etc...new business model. Hopefully get rid of the incometent staff...make it a proper bank. I hope to get in at 0.5p

[pre] 17/3/2011 12:45

shocking!!! PI's got hammered!

[jonathonturner] 17/3/2011 12:43

Lol.

amazing what they can get away with.

[bookiebuster] 17/3/2011 00:03

The terms of the offer represents a 70% discount to yesterday's closing price.

The Directors consider the Offer to be fair and reasonable. Accordingly the Board recommends Shareholders accept the Offer, as they have unanimously undertaken to do in respect of their own holdings which amount to 0.002% of the issued share capital.

Chairman Robert Owen commented: "The Board welcomes the Offer which provides shareholders the opportunity to exit their shareholding should they so desire".

[msy] 16/3/2011 19:56

do shareholders get to vote on this?
I QIIB has 80% holding but surely the FSA needs to investigate any wrong doing by the board?

[pre] 16/3/2011 14:00

that's a whopping 70% discount to yesterday's price....oh dear...can't believe PI's have been extremely diluted and only get 1p...why accept an offer at 70% below share price ..beggars belief imo!

[joeblogg2] 16/3/2011 13:59

Real shame!! I remember buying into the dream here but it was going to take deep pockets for this to work as I am not convinced how Sharia mortgages/banking works over here and will take time.

[pre] 16/3/2011 13:46

on dear shareholders only get 1p per share...looks like the end of the story here now...

[orange5] 10/2/2011 20:53

No comments here since last September. Where is every body?

[pre] 22/9/2010 08:10

oh dear...extract from rns this am:

The Board expects the challenging market conditions to persist through the
remainder of the financial year. In addition to the ongoing strategic review,
the directors and management team will continue to identify opportunities to
mitigate the impact of these market conditions

[shammytime] 01/9/2010 09:49

Throw this sh1t in the flood and pull the plug out!

[pre] 27/7/2010 11:51

oh dear....1p placing just announced....challenging mkt conditions...looks like further profit warning then administration imo...dear me....another aim flop:-(