0007
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John Moulton (Boss of Alchemy) who knows a thing or 2 about finance, when talking about NRK this morning on R4 said that "there are others out there".
Draw your own conclusions. Falling share price, high divi - you shouldn't need your bargepole for this one.
Added to that from a technical point of view, Trading on it lows with consolidation, broker downgrades + volume.... can see this around 150 in the next couple of weeks.
If there's one thing to learn from the curent sub-prime mess it's that when companies announce bad news relating to it that's only the first announcement.................
Also, regional banking excutives are no match for the salesmen down in the City, talk about getting stuffed up.
Also, regional banking excutives are no match for the salesmen down in the City, talk about getting stuffed up.
Bradford & Bingley may not go the way of Northern Rock but it is a brave individual that buys the shares at current levels. The 8% yield is less than that available on Alliance & Leicester; Lloyds TSB or Royal Bank Of Scotland. Any investor seeking yield would be better of with any of these, especially as they have better business models and are more likely to remain in business once the dust settles.
As for how low the shares may go, that is a difficult question for anyone to answer. Paragon has a business model that is based on the subprime market and its shareholders are currently nursing losses of 90%. It is involved in a deeply discounted rights issue at 100p and most of that is likely to be left with the underwriters.
As for how low the shares may go, that is a difficult question for anyone to answer. Paragon has a business model that is based on the subprime market and its shareholders are currently nursing losses of 90%. It is involved in a deeply discounted rights issue at 100p and most of that is likely to be left with the underwriters.
Anyone watch John Moulton's program tonight. Loved the way the N.Rock boss said they had a 'excellent business model' but it was just that unforeseen events caused it to go bad 
As for B & B shares, for punters and traders only, not for investors IMHO.
As for B & B shares, for punters and traders only, not for investors IMHO.
I think you're right can't see them paying that would be imprudent of them really and secondly an 8% final dividend was when it was at all time lows last monday 18th...
Hit 208 today apparently that is the recovery high following ATL tues around 173...... gets curiouser and curi....
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Hello sunshine..
Just saw an interview on bloomberg with Sir Ron Cohen fellow Private Eq. big wig and he hinted maybe be at least one more NRK in the shadows ..... will it be BB or will it be A&L of either or both the bounce is interesting - especially Rbs hinting it might nab A&L ..Yeh cos there's loads if clarity about their loan book.. why doesn't rbs wait for the dust to settle ? why don't they sort out abn first ? ..... unless they're only faking
Just saw an interview on bloomberg with Sir Ron Cohen fellow Private Eq. big wig and he hinted maybe be at least one more NRK in the shadows ..... will it be BB or will it be A&L of either or both the bounce is interesting - especially Rbs hinting it might nab A&L
..Yeh cos there's loads if clarity about their loan book.. why doesn't rbs wait for the dust to settle ? why don't they sort out abn first ? ..... unless they're only faking 
