Alliance & Leicester Share Discussion Threads

[diku] 14/7/2008 13:41

this just confirms the management mentality of Buy High and Sell Low...are they really fit to run a plc?...makes you wonder the whole concept of the stock market...when the bid of 1200p was on the table...their egos took over and turned it down...

[6lucky] 14/7/2008 13:41

has it saved small shareholders from being f....?
NO

[jennyj] 14/7/2008 13:41

I have just taken a short position on santander to make my money back.

Everybody should short it down to 0p.

[zipper] 14/7/2008 13:38

Abbey and AL. will be gradually 'downsized' to accommodate both.
Where there are two branchs operating within a certain distance of each other
the less profitable one will be merged into the profitable one.

Both names will stay and in the present enviroment this makes good business sense. As the economy grows so will Santander and its subsideries.

Long term this is a good deal for shareholders and people with money saved with AL. as it ensures the future of AL.

IMHO - DYOR

[6lucky] 14/7/2008 13:37

That is 3 - 0 to spain in less than a month.
[1] european champions
[2] wimbledon champions
[3] rescuing and championing A&L
What next?

[jennyj] 14/7/2008 13:33

Im about 50% down at the current price knowing that A+L is around 300% undervalued.

Santander is a mere 33% off its yearly highs trading at a ultra high 8.7 PxE.

Given that spanish property has dropped 50%, and UK property has not. This indicates a major fraud to me.

[kumala] 14/7/2008 13:30

Selling now will probably raise enough cash to fill the petrol tank on the 4X4, (which will give me about 270miles worth of driving), and enough left over for a Medium size Big Mac meal with Latte........................oh well.

[powwow] 14/7/2008 13:30

I have no doubt the BOE and FSA have told them to accept offers. It's as simple as that. I suspect the FSA would have told the others, invest in BB. or we'll investigate you all for fraud and reckless lending... as we can only save on bank. The rest is up to you lot...

[powwow] 14/7/2008 13:29

AndyM4n, that's what we get when this country lives on hot air, cheap money, buy now pay never culture. They don't do that in other European countries, you see they spend what they have, rather than have not..


AndyM4n - 14 Jul'08 - 13:17 - 3157 of 3165

we might as well sell the whole of this country to americans and europeans.its pathetic.sale of the century

[tricky1992000] 14/7/2008 13:25

i wonder when the egm is?

[loganair] 14/7/2008 13:25

For this deal to be done the way it has, there must be some thing very nasty lurking in A&L's back ground.

[tricky1992000] 14/7/2008 13:24

spanish banks are no better of than british ones.

there is a huge property bubble in spain as well going pop, and BNC is well exposed.

[matto] 14/7/2008 13:21

yanny - Merrill, JPMorgan & CitiGroup all announcing results back end of this week.

[loganair] 14/7/2008 13:21

Have the share holders been asked if they agree with the deal??? As it seems a done deal!!!

[kiwi2007] 14/7/2008 13:20

"sale of the century"

That's part of the cost of irresponsible national borrowing... the piper has to be paid..

[jennyj] 14/7/2008 13:19

This is nothing short of fraud.

The shorting distored the market, its not a true value of the business.

By 2010 profits will be 600million again and thus the real price should be £12 per share, if not £20 to put in a takeover premium.

[andym4n] 14/7/2008 13:17

we might as well sell the whole of this country to americans and europeans.its pathetic.sale of the century

[kumala] 14/7/2008 13:16

Have i missed when the date for delisting is or has it not been mentioned yet.
Tahnks
K
12. De-listing of A&L Shares
The London Stock Exchange and the UK Listing Authority will be requested respectively to
cancel trading in A&L Shares on the London
Stock Exchange's market for listed securities and the listing of the A&L Shares from the
Official List. The last day of dealings in A&L
Shares on the London Stock Exchange is expected to be the Business Day immediately prior to
the Effective Date and no transfers will be
registered after 6:00 p.m. on that date. On the Effective Date, share certificates in respect
of A&L Shares will cease to be valid and
should be destroyed. In addition, entitlements to A&L Shares held within the CREST system will
be cancelled on the Effective Date.

[loganair] 14/7/2008 13:16

Exactly what Santander did with Abbey, they offered 1 BNC share for each Abbey share plus a special Dividend.

[mike456] 14/7/2008 13:16

It's not often (if ever) that I've agreed with jennyj, but I agree with her thoughts as to why AL would even consider the current offer if everything within AL was fine.

To me it indicates that maybe everything isn't as rosey as the picture which has been painted, and this should be a concern for anyone holding bank stocks at the present time.

Fortunately I bailed out of the sector last year near the top of the market, but I feel a lot of sympathy for those of you that were holding in the hope that conditions would improve over the next couple of years.

Good luck all.

[acamas] 14/7/2008 13:14

jennyj,

It is only worth what somebody will say "yes" to. Santander's timing is exquisite unfortunately for us. They have visited a Bankers Car Boot sale a been able to buy something at a knock down price. Thats reality as far as I am concerned. I to would have liked £10 per share but that seems to be a dream. You cant fill your purse with dreams

regards

[yanny2] 14/7/2008 13:14

Are we near the bottom yet,what news if any is out this week regarding bank shares uk/us.

[loganair] 14/7/2008 13:11

The take-over IS NOT FOR CASH......

Banco Santander is set to buy Alliance & Leicester (A&L) after agreeing a deal for the bank which values it at £1.259 billion.

Under the terms of the deal, A&L investors will receive one Santander share for every three A&L shares, while prior to the deal A&L said it intends to declare an interim dividend of 18p per A&L share.

[powwow] 14/7/2008 13:10

we say the banks have been robbed, but a big but... they have been robbed if they were in good hands and had a good future. The fact is this bank as with others, took too many risks and played apart in he over valued house market which is now in free fall.