Bradford & Bingley Share Discussion Threads

[yng1nvestor] 03/3/2011 20:50

Genuine grounds for a payout. But I dont see how he can u-turn from the 1st assessment which was so assured and certain. What else has come to light? I dont think he will change his mind based on 500 neighbourhood watch types sending him an emtional letter. He has to deal with the facts. What he has failed to do however is deal with certain facts which could be said to indicate payout. I.e Peston, BB's statement, sale to Santander...

These facts seem to have conveniently slipped the net.

[loganair] 03/3/2011 18:53

One thought on the matter. He may have all along been going to offer 10p, but knowing what an outcry there would be instead decided to offer 0p with an outcry, then comes the 10p offer with share holders sigh of relief.

[sravi] 03/3/2011 18:48

LOL Anthony, 10p over 4 years!

[daytraders] 03/3/2011 18:14

how can he say 0p, then 10p, hope your right thou.

[anthony bolton] 03/3/2011 17:45

Rumours of 10p a share

spread over 4 years

[fastray] 22/2/2011 19:36

No chance of any payout just wasting time and tax payers money....

[sravi] 22/2/2011 15:03

LOL Logan, it will come handy next Christmas!!!

[loganair] 22/2/2011 09:32

sravi - We'll each be sent a book of 2nd class stamps....

[sravi] 22/2/2011 09:24

LoL gbh2!

I have a feeling that we'll get something back this time!! few pence perhaps....

[gbh2] 22/2/2011 09:00

frequent, I sent off an email to our local MP but haven't had a reply as yet, probably too busy filling out his expense forms!

[fastray] 22/2/2011 08:58

Totally agree what a waste of money, the Gov should have just split this payment to him with the shareholders.........

[frequentbuyer] 16/2/2011 12:28

EMAIL YOUR MP :

Dear sir,

I would like to know just how long you're going to keep on paying Mr P Clokey, to come up with what we all know will be forgone conclusion to the Bradford & Bingley fiasco?

Regards

[frequentbuyer] 16/2/2011 12:14

He'll keep on for as long as he can screw cash out of the Taxpayer coffers, typical Quango style manoeuvres imo!

[yng1nvestor] 07/2/2011 11:48

'Revised'

ZILCH.

Hope Im wrong

[sravi] 07/2/2011 11:37

Lets see whether Lord Clokey is going to take the whole Feb to release his revised assessment notice.

[gbh2] 29/1/2011 15:26

loganair - I was being ironic, only the UK follow EU rules, the EU mostly ignore them !

[loganair] 29/1/2011 14:06

gbh2 - Santander have a UK banking licence and therefore the UK side of things are subject to our rules.

[sravi] 29/1/2011 10:35

Clokey is going to publish his revised assessment notice in the next 4 weeks. We were robbed by the government. This assessment is just a waste of time and money. Treasury is not going to pay us anything.

Lord Clokey & the treasury are making money from BB's nationalisation. They are the winners. What a way to earn money.

[gbh2] 28/1/2011 12:15

Santander belongs to the EU and not subject to our rules!

[loganair] 28/1/2011 11:37

So £1 billion in profit for the Government, plus the £630 million already made from the sale of the branch network to Santander who made over £100 million in the first year from Bradford and Bingley while the share holders get nothing as Mr Clokey says at the time of nationalisation B&B was worth nothing.

The year before nationalisation B&B made several £100m profit, the year after nationalisation B&B made several £100m profit. The year of Nationalisation B&B made less than a £150m loss.

In a three year period Bradford and Bingley made several £100 milliom profit and Clokey says it wasn't a going concern.

What he is saying is that in any year, if a company, especially a bank posts a loss then it is nolonger a going concern.

As they said in Yes Prime Minister about a Clokey character "which ever way you lay the tracks, the train will follow."

The Government laid the tracks for Clokey, so Clokey has to follow those tracks.

The whole thing, Bradford and Bingley, Alliance and Leicester was a stitch-up between HMG and Santander.

Has anyone noticed when HMG talk about the banks, it talks about the big four (Barclays, Lloyds, RBS & HSBC), what about Santander that has 18% of the retail market, only Lloyds is bigger so why doesn't the Government talk about the big 5 banks???

[daytraders] 28/1/2011 07:45

think you better email it to him.

[extrader] 28/1/2011 07:35

Hi all,

I wonder what Clokey will make of this ?!

www.dailymail.co.ukBradford--Bingley-bailout-yield-1billion-profit

The Government is likely to make more than £1billion in 'profit' on its bail out of Bradford & Bingley, although it might have to wait another 10 years for the money, MPs have been told.
Executives at UK Financial Investments, which manages the taxpayer's interests in bailed-out banks, reassured the Treasury Select Committee that the taxpayer is unlikely to be left out of pocket.
'We have a full expectation that the government loan to Bradford & Bingley will be repaid,' said UKFI's Keith Morgan.


Rescue: Bradford & Bingley was bailed out by the UK Government in 2008
He said any extra profit would be in the form of equity, so is difficult to value, but added: 'I think it could be over £1billion at the end of the day but that could be some way off... early 2020s.'
UKFI chief executive Robin Budenberg told the Mail he hoped the taxpayer would make a profit on all of its investments in troubled banks.



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