Tuesday, July 8, 2008
buy-to-let lender is worthless
Bradford & Bingley shares crash
Pali International, a stockbroker, cut its target price for the bank to "zero" and calculated B&B's "net present value" to be -14p. In a separate note, banking specialist Fox-Pitt, Kelton said: "We cannot rule out the possibility of an effective failure with shareholders receiving little or nothing for their shares." No wonder Steven Cranshaw was feeling ill.
Posted by mken @ 07:58 AM (957 views)
8 thoughts on “buy-to-let lender is worthless”
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angonamo says:
You know … if we see an animal in pain, we put it out of it’s misery. It’s about time B&B’s suffering was brought to an end too.
Their latest ad on TV Made for Life indicates just how desperate for money they are. Surely they can’t have that much time left now ?
Barb777 says:
What a load of tripe- the advert I mean
angonamo says:
Having made the comment above … The B&B share price is doing OK this morning. It’s only down 18%. Perhaps there’s life in this old donkey yet.
Hang on … make that down only 21.5%
Rental John says:
A liitle off message but noticed on the BBC this morning on TV and website – Player row sparks Twenty20 chaos……Players wearing kit with Bradford & Bingley logos on their shirts and advertising boards for Northern Crock……says it all really. http://news.bbc.co.uk/sport1/hi/cricket/counties/7492116.stm
harold says:
Is that down 21.5% from 14p? They think it’s all over – it is now.
hpwatcher says:
shit…they have got 8k of my money……better go and pull it out.
plato says:
Time for the BoE to step in.
crash bandicoot says:
Rental John, I miss the days when F1 cars used to carry sponsorship from Marconi and Worldcom. Maybe Abbey Santander will be joining the club soon!