Jump to content
House Price Crash Forum
Sign in to follow this  
pikestones

Yahoo Business News

Recommended Posts

http://uk.biz.yahoo.com/080708/214/i2wr6.html

The shares have since lifted off their worst levels to around 35p on hopes that Skipton Building Society may launch a bid for the £216m company.

In an interview with Financial World magazine some 10 days ago, Skipton boss John Goodfellow said he had considered bidding for B&B, but TPG got there first.

dave

Share this post


Link to post
Share on other sites
http://uk.biz.yahoo.com/080708/214/i2wr6.html

The shares have since lifted off their worst levels to around 35p on hopes that Skipton Building Society may launch a bid for the £216m company.

In an interview with Financial World magazine some 10 days ago, Skipton boss John Goodfellow said he had considered bidding for B&B, but TPG got there first.

dave

As if.

If they want it they will buy it for a pound in a few weeks time.

Why on earth would they be interested in letting current shareholders off the hook.

The bidding starts when the administrators are called in.

Share this post


Link to post
Share on other sites

Press Report:

17th November 2008

By WALOS

Skipton Building socitiy is in financial trouble, after swallowing the troubled BTL mortgage lender B&B just two months ago.

A spokeman for Skipton said "We thought B&B was a bargin - so so cheap. They were bigger than us and massivly leveraged and now house prices have fallen another 1%, it has wiped us out."

Share this post


Link to post
Share on other sites
http://uk.biz.yahoo.com/080708/214/i2wr6.html

The shares have since lifted off their worst levels to around 35p on hopes that Skipton Building Society may launch a bid for the £216m company.

In an interview with Financial World magazine some 10 days ago, Skipton boss John Goodfellow said he had considered bidding for B&B, but TPG got there first.

dave

http://uk.biz.yahoo.com/08072008/325/lende...ed-b-amp-b.html

Smaller rival Skipton, a building society, said it had looked at B&B but confirmed on Tuesday that it was no longer interested in making an offer.

Share this post


Link to post
Share on other sites

"This third attempt at a rights issue looks like a dog's breakfast... We can only hope that the management of this beleaguered mortgage lender and its advisors have plan B in place," David Buik at Cantor Index said in a morning note.

It couldn't happen to a nicer bunch of b@rstards.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.