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ne1 do the cashless Bradford & Bingley take up share offer?

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Old 03 September 2008, 06:59 AM
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salsa-king
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Default ne1 do the cashless Bradford & Bingley take up share offer?

from the other week, what a swizz.

I could have bought 670 more shares are 55p each.

But I went for the cashless take up, where they sell the allocation I could have, then with the money buy back shares.

well they sold the shares at 0.0025p each, which then alloded me to buy 3 shares at the 55p price!!!


what about all those who bought their shares at 55p each, they could have given me 45p for each one of mine!
Old 03 September 2008, 07:27 AM
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TelBoy
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A bank in trouble. I put my allocation offer in the bin. Like a lot of people, obviously, as the price has now fallen, as you say, to 45p. Not sure what the end game for BB will be.
Old 03 September 2008, 08:00 AM
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Funkii Munkii
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Likewise binned mine, but when the offer came out they were already under £0.55p so why bother. I can never see them hitting the £4.00 mark ever again, they were free in the first place so no big deal.
Old 03 September 2008, 08:29 AM
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PaulC72
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We did the same with the Halifax ones, I think BB are in trouble and it will be interesting to see if the government help them out like they did with NR.
Old 03 September 2008, 09:38 AM
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Originally Posted by Funkii Munkii
Likewise binned mine, but when the offer came out they were already under £0.55p so why bother. I can never see them hitting the £4.00 mark ever again, they were free in the first place so no big deal.
Except they weren't. If B&B had stayed as a building society then they wouldn't be in this mess and their rates or mortgages etc would be lower so you'd have been better off.

Thank the greedy carpet bagging types that forced the de-mutualisation and made B&B into a bank.

5t.
Old 03 September 2008, 06:26 PM
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salsa-king
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what do a I do with 503 shares with B&B now then?
Old 03 September 2008, 09:23 PM
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zip106
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Wipe your **** with them?
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