Friday, Nov 13, 2009
A rare opportunity to aqcuire some Pwopertee news
Telegraph: Kenmore Property collapse leaves Lloyds with a £700m hangover
Lloyds Banking Group was chasing debts and investments of more than £700 million last night after the collapse of a property developer that it has been bankrolling.
Posted by tyrellcorporation @ 09:59 AM (1155 views) Add Comment
14 Comments
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1. tyrellcorporation said...
Ooops, 'acquire'
2. jack c said...
Is that you Gordon?
3. tyrellcorporation said...
LOL... I canna answer that.
4. jack c said...
Well now I know it's you as you never answer any questions (LOL)
5. charlie brooker said...
Is Gordon Brown the new Gordon Bennett?
6. Bob said...
its the Times, not the Telegraph
7. financial planner said...
And so it begins - the commercial proeprty armageddon.
8. jack c said...
financial planner (Jonathan) - looks like we are back in bubble territory on the commercial side
http://www.ifaonline.co.uk/professional-adviser/news/1561983/bubble-fears-prompt-commercial-property-mis-selling-warning
9. vindicated said...
Financial Planner? You're back! Superb!
10. wdbeast said...
fp - "And so it begins - the commercial proeprty armageddon"
Hasn't the commercial sector, having droped 45%, already collapsed?
Or do you think it will tank from here?
11. inbreda said...
welcome back fp. Glad you ignored the dumass comments that annoyed you in the first place.
I think you're back in the nick of time!
12. who stole my pension? said...
Is this what the Lloyds chaiman meant when he said he wanted to shrink the banks loan book?
I suspect Lloyds don't care anyway - they will just ask the tax payer for another 750million quid!
13. mr g said...
Perhaps I need to change my financial adviser, as only yesterday, he suggested that investing in commercial property could be a good hedge against inflation.
14. fallingbuzzard said...
It never ceases to amaze me that people or IFAs believe that property is an inflation hedge, i know where they get this from, history but i wonder why they think that history predicts the future. an inflation linked bond is an inflation hedge. a salary and lending linked investment isn't but you can touch it, and touching is a price worth paying in many people's minds. more fool them.