Friday, Jul 18, 2008
Oh dear.
FT: Barclays and HBOS’ cash calls shunned
Barclays said on Friday that shareholders accounting for just 19 per cent of the UK’s third-largest bank had decided to participate in the £4.5bn offering.
Posted by gardeniadotnet @ 10:21 PM (445 views) Add Comment
4 Comments
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1. gardeniadotnet said...
Those more financially literate than myself (which doesn't rule out many), are invited to explain the implications of this news.
2. gardeniadotnet said...
From similar BBC article...
Qataris are now Barclays' largest shareholders, after the majority of existing investors snubbed the bank's £4.5 billion cash call. New Asian and Middle East investor now own 16 per cent of Britian's third largest bank.
3. gardeniadotnet said...
Correction: not BBC article - Times
Only one comment there so far, but it's a good 'un.
>The impression given is not entirely correct. My family was entitled to take up a number of shares at £2.82. It was clear on Wednesday that this was no bargain. So we bought five times the entitled number at £2.43, in the market. These shares are, therefore, British-owned. They are now a bargain!
Not convinced they're a bargain, but I like his style!
4. renting2 said...
Strange how you can always find people with money to throw away.