Friday, Nov 13, 2009

A rare opportunity to aqcuire some Pwopertee news

Telegraph: Kenmore Property collapse leaves Lloyds with a £700m hangover

Lloyds Banking Group was chasing debts and investments of more than £700 million last night after the collapse of a property developer that it has been bankrolling.

Posted by tyrellcorporation @ 09:59 AM (1471 views)
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1. tyrellcorporation said...

Ooops, 'acquire'

Friday, November 13, 2009 10:00AM Report Comment

2. jack c said...

Is that you Gordon?

Friday, November 13, 2009 10:02AM Report Comment

3. tyrellcorporation said...

LOL... I canna answer that.

Friday, November 13, 2009 10:05AM Report Comment

4. jack c said...

Well now I know it's you as you never answer any questions (LOL)

Friday, November 13, 2009 10:21AM Report Comment

5. charlie brooker said...

Is Gordon Brown the new Gordon Bennett?

Friday, November 13, 2009 11:50AM Report Comment

6. Bob said...

its the Times, not the Telegraph

Friday, November 13, 2009 12:14PM Report Comment

7. financial planner said...

And so it begins - the commercial proeprty armageddon.

Friday, November 13, 2009 12:46PM Report Comment

8. jack c said...

financial planner (Jonathan) - looks like we are back in bubble territory on the commercial side

Friday, November 13, 2009 01:06PM Report Comment

9. vindicated said...

Financial Planner? You're back! Superb!

Friday, November 13, 2009 01:55PM Report Comment

10. wdbeast said...

fp - "And so it begins - the commercial proeprty armageddon"

Hasn't the commercial sector, having droped 45%, already collapsed?

Or do you think it will tank from here?

Friday, November 13, 2009 04:09PM Report Comment

11. inbreda said...

welcome back fp. Glad you ignored the dumass comments that annoyed you in the first place.

I think you're back in the nick of time!

Friday, November 13, 2009 04:18PM Report Comment

12. who stole my pension? said...

Is this what the Lloyds chaiman meant when he said he wanted to shrink the banks loan book?

I suspect Lloyds don't care anyway - they will just ask the tax payer for another 750million quid!

Friday, November 13, 2009 07:02PM Report Comment

13. mr g said...

Perhaps I need to change my financial adviser, as only yesterday, he suggested that investing in commercial property could be a good hedge against inflation.

Friday, November 13, 2009 07:03PM Report Comment

14. fallingbuzzard said...

It never ceases to amaze me that people or IFAs believe that property is an inflation hedge, i know where they get this from, history but i wonder why they think that history predicts the future. an inflation linked bond is an inflation hedge. a salary and lending linked investment isn't but you can touch it, and touching is a price worth paying in many people's minds. more fool them.

Friday, November 13, 2009 10:21PM Report Comment

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