Bradford & Bingley Share Discussion Threads

[birchin] 08/6/2011 15:28

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I think the anwser is in the last page.

[aneverydaystory] 08/6/2011 14:43

I believe the valuer has now presented his case to the Upper Tribunal. It can be seen here at the top of the section to do with B&B



Presumably we are now waiting either for respondents to present their case or the Upper Tribunal to assess the valuation to see if they believe it was reasonable or not. I didn't notice a timescale for this to happen.

[sravi] 08/6/2011 08:28

Any development on taking the treasury to European courts? or any other development to get some compensation?

[debbiegee] 13/4/2011 05:02

ThIS IS LISTED ,but no mcap ?

[aneverydaystory] 12/4/2011 21:04

A good point well made.

[pwhite73] 11/4/2011 00:26

Isn't it ironic that HMG are planning to sue the Icelandic Bank for funds lost during the global crash of 2008 yet sees fit to sequestrate shareholders funds in the likes of BB and offer no compensation.

[daytraders] 31/3/2011 22:26

We were both very unlucky, we should have been bailed out(helped) just like the other banks were at the very least, we were not even given the chance, and the fact the directors even said all was ok a few days before we were N really gets my goat, and now both B&B and Santandar are posting massive profit results just rubs salt into the wounds.

[optomistic] 31/3/2011 21:09

Daytraders, that is sad.
I was 'lucky' I held mine for a few weeks (some for a lot longer) so I got better value..........or did I :-/

[daytraders] 31/3/2011 21:05

dont think i will ever forget my £7000 loss here, i only held these shares for like 30 minutes as well, bought friday afternoon at 4pm before they were N.

[optomistic] 31/3/2011 20:52

It makes me feel sick what GB has done to us. Over a billion profit and we got nationalised!

[daytraders] 31/3/2011 20:22

just goes to show, if B&B was left alone just like the other banks were, we would have been ok.

[daytraders] 31/3/2011 20:20

kick in the teeth that is!

[time to share] 31/3/2011 19:18

I see B&B returns to profit......

[knowing] 28/3/2011 11:33

Update - Newsletter No. 11
Quick Links
Web Page
Membership

PDF Version

Upper Tribunal Appeal

BBAG Continues to demand a public and independent inquiry.

BBAG has referred the independent valuer Peter Clokey's Revised Assessment Notice, dated the 14/03/2011, to the Upper Tribunal (Tax and Chancery Chamber). The Notice upholds his view that no compensation is payable by HM Treasury to ordinary shareholders. The main contents of our referral are present on the B&B Action Web Site at www.bbactiongroup.org/Upper_Tribunal_Note.pdf.

There are several points that we have asked the Upper Tribunal to consider. Two key factors are. First, BBAG believes there was deliberate deception by the Cabinet Office when asked for details of the B&B nationalisation under the Freedom of Information Act (FOI). Second, the activities of Robert Peston of the BBC, whose comments and blog postings clearly suggest he was in possession of privileged information concerning the Treasury's proposals for B&B, should be investigated.

On the 8th March this year BBAG requested full details of the Cabinet Office's involvement in the nationalisation of B&B from the Prime Minister. To date we have not received an acknowledgement nor a full reply. BBAG and many B&B investors have asked for a public and independent inquiry and this has been reiterated in our referral to the Upper Tribunal.

Many of our supporters may also wish to appeal to the Upper Tribunal against Mr Clokey's revised assessment using some of the points that BBAG has raised, and others if they wish. We would also recommend that B&B investors continue to press their members of parliament for a public and independent inquiry in view of Gordon Brown admitting in his book 'Beyond the Crash' that he made the decision to nationalise B&B.

[2maximus] 28/3/2011 10:30

Has there ever been a case where a company has been nationalised before and the PI's have been compensated years / months later? If not is there any point in fighting this?

[loganair] 21/3/2011 10:49

No hope I'm afraid - Bradford and Bingley a company making many £100m's profit for both HMG and Santander and the powers to be say it's worth nothing.

All my both close and distant family have now closed all their Santander (ex-Abbey National) and Bradford and Bingley accounts and have moved over to the Britannia as their advisors are only paid on a salary basis not paid commission.

Even the financial advisor from the Nationwide is on commission, he's been on a short training course and thinks he knows everything about banking - NOT.

[seccol] 21/3/2011 10:35

There is no hope...........

[fastray] 20/3/2011 21:35

What happens now, funny not heard anything from UKSA regrading this, is there no hope or is this another rail track ???????

[pwhite73] 20/3/2011 10:13

gbh2 - 17 Mar'11 - 08:57 - 18443 of 18444

"How many complained to their MP, my MP informed me that I was one of but a few that had complained, so without actually saying it he implied most were satisfied with the outcome!"

Nobody who lost any money in the nationalisation was satisfied with the outcome. However time is the biggest killer of investor anger, sentiment and interest. You need only compare the number of posts on this thread now as opposed to the immediate period after nationalisation. Peter Clokey and the government are fully aware of this time related phenomena. This is why his reports are stretched out for as long as legally possible.

This time game they play will not deter everybody from seeking a judicial review.

[mudbath] 19/3/2011 12:54

Will part of the £74million raised by comic relief be utilised to pay out BB shareholders;having regard to Clokey's undisputed position as government sponsored comedian/illusionist ?

[gbh2] 17/3/2011 08:57

How many complained to their MP, my MP informed me that I was one of but a few that had complained, so without actually saying it he implied most were satisfied with the outcome!

[sravi] 17/3/2011 08:47

What a waste of time and money. I am very dissapointed.

UKSA Action Group for Bradford & Bingley no longer updating their website. I am not sure whether they have already given up fighting to get justice.

[cygnet4] 14/3/2011 23:42

PWhite73 - thanks, so what happens next?