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Realistbear

Route At Alliance & Leicester

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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.

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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?

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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

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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?

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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).

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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

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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!!!)

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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. :lol::lol:

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!

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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 by Boarder

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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.

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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.

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