Realistbear Posted September 7, 2007 Share Posted September 7, 2007 ALL & LEICS (LSE:AL.L) Last Trade: 949.00 p Trade Time: 1:47PM Change: 47.50 (4.77%) Prev Close: 996.50 Open: 996.50 Bid: 947.00 Ask: 949.00 1y Target Est: 1,007.63p VIs in a bit of bother it seems. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted September 7, 2007 Share Posted September 7, 2007 ALL & LEICS (LSE:AL.L) Last Trade: 949.00 p Trade Time: 1:47PM Change: 47.50 (4.77%) Prev Close: 996.50 Open: 996.50 Bid: 947.00 Ask: 949.00 1y Target Est: 1,007.63p VIs in a bit of bother it seems. Well they did say that homeowners wouldn't see downward pressure on prices until mortgage rates were at 8.5%. Not far off that now are we? Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted September 7, 2007 Share Posted September 7, 2007 ALL & LEICS (LSE:AL.L) Last Trade: 949.00 p Trade Time: 1:47PM Change: 47.50 (4.77%) Prev Close: 996.50 Open: 996.50 Bid: 947.00 Ask: 949.00 1y Target Est: 1,007.63p VIs in a bit of bother it seems. Would you like a little Barclays and RBS with that Alliance & Leicester, sir? Top 5 losers value change % Alliance & Leicester 954.50 42.00 4.21 Barclays 585.50 22.50 3.70 British Airways 405.50 12.50 2.99 Royal Bank of Scotland Group 542.00 16.00 2.87 Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 7, 2007 Share Posted September 7, 2007 ALL & LEICS (LSE:AL.L) Last Trade: 949.00 p Trade Time: 1:47PM Change: 47.50 (4.77%) Prev Close: 996.50 Open: 996.50 Bid: 947.00 Ask: 949.00 1y Target Est: 1,007.63p VIs in a bit of bother it seems. I wonder what sort of level of withddrawals of deposits would actually make one of these companies start to hurt? 100M? 500M? 1BN? Quote Link to comment Share on other sites More sharing options...
Captain Coma Posted September 7, 2007 Share Posted September 7, 2007 We're havin' a bit of an interesting day, all in all, aren't we? I've been glued here to this site most of the day, which ain't buttering any parsnips as far as me work goes (ah, sod it, it's the weekend). Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 7, 2007 Share Posted September 7, 2007 Would you like a little Barclays and RBS with that Alliance & Leicester, sir? Top 5 losers value change % Alliance & Leicester 954.50 42.00 4.21 Barclays 585.50 22.50 3.70 British Airways 405.50 12.50 2.99 Royal Bank of Scotland Group 542.00 16.00 2.87 Shame we have no southern turd today? Oh yes, just found some in the pantry dear chap after it has been up up and away all day. Last Trade: 654.50 p Trade Time: 1:54PM Change: 17.50 (2.60%) Prev Close: 672.00 Open: 675.00 Bid: 654.00 Ask: 655.50 1y Target Est: 882.67p Quote Link to comment Share on other sites More sharing options...
Sonic the Hedge Fund Posted September 7, 2007 Share Posted September 7, 2007 Would you like a little Barclays and RBS with that Alliance & Leicester, sir? Top 5 losers value change % Alliance & Leicester 954.50 42.00 4.21 Barclays 585.50 22.50 3.70 British Airways 405.50 12.50 2.99 Royal Bank of Scotland Group 542.00 16.00 2.87 A&L have just released news that they have limited sub-prime exposure: http://newsvote.bbc.co.uk/1/hi/business/6977745.stm Don't panic!!! (Until I have cashed in my ISA before you!!!) Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 7, 2007 Share Posted September 7, 2007 A&L have just released news that they have limited sub-prime exposure:http://newsvote.bbc.co.uk/1/hi/business/6977745.stm Don't panic!!! (Until I have cashed in my ISA before you!!!) A&L said 99% of this had been rated AAA by investment ratings agencies, so the money was very likely to be repaid. More mental idiots on the risk desk. Its not the 200 million odd they have bought they need to worry about, its all the ones on thier books they are not going to be able to resell! Quote Link to comment Share on other sites More sharing options...
Boarder Posted September 7, 2007 Share Posted September 7, 2007 (edited) A&L said 99% of this had been rated AAA by investment ratings agencies, so the money was very likely to be repaid. Hahaha! It's not like any AAA rated debt has been catastrophically downgraded recently is it? No wonder the city bailed. Edited September 7, 2007 by Boarder Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted September 7, 2007 Share Posted September 7, 2007 I wonder what sort of level of withddrawals of deposits would actually make one of these companies start to hurt?100M? 500M? 1BN? I don't know off the top of my head but the way to find out is to see how much tier 1 capital they've got and work from their - you can usually get this from their annual reports which are often linked from their websites. If they have, say, 1B tier one capital representing 8% of their total liabilities, then losing 500M will put them right at the edge of the 4% limit. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted September 7, 2007 Share Posted September 7, 2007 Hahaha! It's not like any AAA rated debt has been catastrophically downgraded recently is it? No wonder the city bailed. Also, when they say they "invested 175m", do they mean they put 175m of their/our money and because they were clever, they borrowed another 17bn in the market to buy even more? Or do they mean that was the price of all the sub prime bonds they hold? The key is always in the wording, as in "I did not have sexual relations with that woman", because the latter means they could lose up to 175m quid (doesn't sound like much for a bank). The former doesn't bear thinking about, particularly as we have 14 pounds with them. Time to pop off to Kingston I think to get our 14 pounds back. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted September 7, 2007 Share Posted September 7, 2007 (edited) Think yourself lucky - I've got over 30 grand with them Edited September 7, 2007 by Sir Talbot Avenger Quote Link to comment Share on other sites More sharing options...
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