As I said a fortnight ago, next in line for rights issues are "Barclays, Alliance & Leicester and Bradford & Bingley".
B&B's market cap is currently £900 million, so that's a three-for-one rights issue, heady stuff indeed! OTOH, their 'total assets' were £52,000 million as at 31 December 2007, so £300 million only represents a modest 0.6%* write-down on assets. Will that be enough?
C'mon, Alliance & Leicester**, don't spoil my winning streak!
* Not 6% as I had first thought, whoops!
** Who have just written down their total assets of £79 billion by £192 million, a very modest quarter of one per cent.
Not satisfied
1 hour ago
1 comments:
A+L have been trying to get me to switch a business accounts over to them.
I had sent off the forms over Christmas but they hadn't got them.
" Never mind, you can complete online, over the Phone or we have someone in the area who can come round to you"
Someone in the area ?
Have they turned into www.alliancewindows.co.uk..
That someone in the area technique is normally reserved for:
Really up against a target deadline and you man jam the phones for 24 hours drumming up leads for the final push
You are afraid you may be about to be fired
You need cash in a hurry.
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