Alliance & Leicester Share Discussion Threads

[rose_by_another_name] 14/5/2008 11:11

The proposed scrip divi by Bradford and Bingley will
merely dilute everyone's holding proportionately, leaving
no one better off, so why not just cancel the divi? In
fact, as one poster on BB board has pointed out, they will
have to pay tax on a scrip divi, so they will actually lose
out.

One month ago today, Bradford and Bingley denied the rumour
that they were about to have a rights issue:



Today, they officially announced a rights issue.

I hold A&L, and was about to buy into B&B, partly based
on the above assurance.

[squintyflinty] 14/5/2008 09:40

How do you know that there is going to be a rights issue
This is pure speculation on your behalf.The dividend will be
decided prior to announcing the final reults.

[deanroberthunt] 14/5/2008 09:17

eh?? I just got my divi payment from BB. the other day, and the next is to be scrip.....oh and plus a rights issue..

sooooooo....your point is???

[squintyflinty] 14/5/2008 08:44

Where does it say that they are going to axe the dividend.?

[deanroberthunt] 14/5/2008 08:42

looks like the markets expecting a rights here too......95/5 I reckon

[hectorp] 14/5/2008 08:37

Looks like 2-3 year support is about where it is today. That might be strong enough but if not you have to look up to 5 years out.

[indieman] 14/5/2008 06:30

The chart is not encouraging. A uptrend line dating back to late February has been decisively broken on greatly increased volume. This looks as though it's the beginning of a significant medium term move downward, although a recovery toward the trendline, currently 475/480p, is possible in the shorter term.

I have no financial interest in the outcome.

[tricky1992000] 13/5/2008 19:06

charlatan does a self portrait of himself

[crazi] 13/5/2008 17:59

well today was a kick in the teeth...glad I wasn't watching.

Waiting game now. The figures still look fine to me. Profits inline with 2007 etc. Already 70% off highs which in my view is well overdone but like all things in life when the big boys have had their fun milking the pot the price will start to recover...

Crazi...

[gringostar] 13/5/2008 16:55

buying opp, not another one!

[indian3] 13/5/2008 16:35

thankyou
boffster

[boffster] 13/5/2008 16:33

Already ex.

[indian3] 13/5/2008 16:32

if i bought today and if they are paying divi on 19 may i'm i still entitled to it or have they already gone ex divi?
thanks anybody who might know

[jawat] 13/5/2008 15:45

what did the head of Fidelity actually say??

[tricky1992000] 13/5/2008 15:31

Thinking about it, al. would make a tasty morsal for hsbc.

Hsbc are looking to add to their uk business, and are trying to pick up the mortgate business from other banks. Why not just go the whole hog and buy a mortgage bank, HSBC has the money to underwrite loans, so there would be synergies from al. not having to go to the money markets.

also, al. has a great deal of commercial business, i am sure a major bank would love a greater market share of that.

Also a lot could be said for removing one of the most competative banks from the market place.

Just my thoughts..........

[psps] 13/5/2008 15:25

even if AL. halves the divi its still good value.
I wonder if they will pay the DIVI due on the 19 May 2008 ?

[dope007] 13/5/2008 14:00

Rates at 5% though are not high. They are low historically but due to the debt they need to be kept long term around these levels to purge some debt out of the system

[hectorp] 13/5/2008 13:52

Could be a big day for UK Markets with the rise in inflation to 3% (lol) food inflation 7% etc etc, leaving no room for rate cuts in June.. In other words, a definitive commencement of stagflation in the UK.
I'd expect many UK companies to suffer over the summer.

[csmwssk1] 13/5/2008 13:45

ftse going blue

[csmwssk1] 13/5/2008 13:44

anyone thought the sell off today in banks could be more about raising cash for the rbs ri? and adjustment to percentages in portfolios to allow for rbs?

[csmwssk1] 13/5/2008 13:43

i cant beleive they have not just halved the dividend anyway and moved on, there cant be many serious holders out there who think they will keep it at 11%, whats the point, it would be cheaper for them to buy shares than pay 11%

[hectorp] 13/5/2008 12:58

AL. does seem to be getting ready to cut the divi. The sooner done sooner mended.
H.

[gurv] 13/5/2008 12:58

bit of pressure from the yanks now