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Share Name | Share Symbol | Market | Stock Type |
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Bradford & Bing | BB. | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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20.00 | 20.00 |
Top Posts |
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Posted at 15/3/2016 21:03 by optomistic pvb We are not talking about losing money on a share that has traded badly but a share that has been taken off the market by the government to the detriment of the shareholders. The facts, yes facts, before Broons intervention are all well documented in earlier posts on this thread.Oh and just to mention I like many others on this thread I am sure have lost money on share dealings and accepted that it is part of the risk of holding shares. But not the way the loss was imposed upon us with our BB holding. |
Posted at 15/3/2016 17:02 by optomistic debbgee...and so I did BB and Lloyds in good measure, however with good fortune Lloyds (now a much larger position) will take care of my BB losses although I feel that what Broon did to BB was most wicked! |
Posted at 11/1/2016 19:00 by loganair pvb - Then after the Rights Issue B&B said they now have the second highest tier 1 ratio of any bank and have sufficient funding for the next 18 months. From B&B themselves - "Tier 1 ratio is coming out at 10.1%; and a core Tier 1 ratio of 9.2%.""The tier one capital ratio ended the H2 2009 period at 12.1% with no additional funding provided since nationalisation." And just 0.27% of mortgage balances in arrears representing just £101mln of a mortgage book of £37bln and made a profit of £79mln plus Santander made over £100mln from the part they bought from B&B. as Sharw posted - "Completion of £400m Rights Issue; Bradford & Bingley is one of the best capitalised banks in the UK". And answering my....'The year before B&B reported a good profit and the year after nationalization both the Government owned Mortgage book and the now owned Santander deposit book made huge profits and have continue to make good and increasing profits ever since.' In my opinion what caused the collapse of B&B was the following, again from B&B themselves - "media speculation about the health and future independence of the bank increased and there was a significant increase in the rate of withdrawals of customer deposits." In my good opinion if the Bank of England had provided B&B liquidity for say another 6 months then now B&B would be a profitable bank paying dividends as the two parts of B&B now owned by Santander and HMG are making good profits and providing hansom dividend for these two. |
Posted at 02/5/2015 14:11 by pwhite73 What is most annoying is that prior to its nationalisation BB was only capitalised at about £250 million due to an already collapsed share price.That is all the compensation the government would be required to hand back to BB ordinary shareholders. If memory serves me correct just before nationalisation the shares were trading at about 20p. |
Posted at 28/9/2014 10:21 by extrader Hi all,I wouldn't get your hopes up re any recovery for shareholders : sadly, the approach to the EC for relaxation of conditions (to the likely benefit of BB bondholders) is driven by HMG's interest - as SOLE SHAREHOLDER - in benefitting from any eventual profit on writedown. It can't do this until the preferred creditors have been taken out of the picture. HMG is unlikely to do anything that might be of benefit to the previous shareholders.Indeed, now that there is the prospect of some gain, it'll likely resist restitution efforts all the more ;-<<br /> Good luck with your campaign, though ! ATB |
Posted at 14/12/2013 13:39 by optomistic pvbThere is a big difference between RBS and BB, RBS was and still is being supported by the government i.e. the taxpayer and the shareholders still have shares to hold. Whereas BB was not supported by anyone, but was nationalised by Gordon Brown, seemingly over a very short time but I am of the opinion that to make such arrangements with Santander would have taken more than just a weekend if not well before the rights issue and the subsequent nationalisation. The shareholders are due to compensation as the bank is continuing to trade and the rights issue was made when the shareholders did not as it now is confirmed have all the relevant information to make an informed judgement whether to take up the rights or not. Now of course the shareholders have no shares to hold...nothing! RBS shareholders still have shares although even as noted they are now of much less value. |
Posted at 14/12/2013 12:43 by daytraders ? BB was not compensated by us the taxpayers, was stolen/taken from us. |
Posted at 12/10/2013 17:18 by rjd1233 Anybody having problems logging into the BB in Safari on iPad with IOS7?? |
Posted at 24/6/2013 09:04 by daytraders yeh they jumped the gun by nationalizing BB, there was no need. |
Posted at 22/6/2013 18:45 by pvb wllmherk 19 Jun'13 - 22:47 - 18514 of 18515 0 0you pays your money, you takes your chances. Move on lads, if you can't take losing then don't play the stockmarket. Agreed. Daytraders 19 Jun'13 - 23:14 - 18515 of 18515 0 0 but they bailed out lloyds and rbs, and they were in alot worse position than BB Or, to paraphrase: 1. "It's snot fair!" 2. You want all the benefit of the upside privatised, but you want the downside socialised. No? If you want 'the government' to regulate and run everything, then vote for the nationalisation of all private companies. If you don't, then live with the consequences. |
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