Saturday, May 17, 2008

B&B – Analysts advise shareholders to sell

Analysts say sell B&B

B&B mortgage bank - 55% buy-to-let, 22% sefl certified with no proof of income. Oh dear, not good for B&B shareholders.

Posted by baudot @ 09:06 AM (688 views)
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4 thoughts on “B&B – Analysts advise shareholders to sell

  • * 59% buy-to-let.

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  • It gets worse – the last press statement from B& B mentioned 50% BTL, this guy reckons it’s 59% and if the 22% self-certs (liar loans) are in addition to that, it suggests that just 19% of their mortgage book is sound.

    It’s not far-fetched to contemplate the possibility of B & B seeing a 50% failure rate on their loans – totally unsurvivable.

    FYI: B & B are roughly half the size of Northern Rock

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  • it_is_going_with_a_bang says:

    Hardly suprising then that they talk the market up at any and every opportunity.

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  • The Analysts have got it right. Especially after B&B recent statements that they were not planning to raise extra cash. Shareholders seem to have been given the run around.

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