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)
4 thoughts on “B&B – Analysts advise shareholders to sell”
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paul says:
* 59% buy-to-let.
uncle tom says:
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
it_is_going_with_a_bang says:
Hardly suprising then that they talk the market up at any and every opportunity.
plato says:
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.