Rumour from deepest Lithuania.
Seemingly there is a possible takeover in the offing for Ukio Bankas (No concrete news. Don't ask).
The recent frantic share trading and increased valuation, on what has been world-widely regarded as a "junk" stock, would indicate that the shareholders are happy to sell.
I wonder why?
Results 1 to 13 of 13
Thread: For Sale - Junk
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11-09-2009 07:47 PM #1
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For Sale - Junk
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11-09-2009 07:49 PM #2This quote is hidden because you are ignoring this member. Show Quote
Is there any concrete news on this Sergey
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11-09-2009 07:50 PM #3This quote is hidden because you are ignoring this member. Show Quote
Originally Posted by SergeyThis quote is hidden because you are ignoring this member. Show Quote
I'm assuming a change of ownership won't look too kindly on the "mates rates" been offered on Hearts overdraft facility?
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11-09-2009 08:01 PM #4
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This quote is hidden because you are ignoring this member. Show Quote
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11-09-2009 08:05 PM #5This quote is hidden because you are ignoring this member. Show Quote
Large volume and rising share prices actually by their very nature indicate that their is rather more people happy to buy than there is too sell......
Still despite that a takeover sounds about right...Vlad will be needing more than ever to turn whatever 'paper' money he has left into some real wonga to shore up UBIG.
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11-09-2009 09:38 PM #7This quote is hidden because you are ignoring this member. Show Quote
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11-09-2009 09:39 PM #8
Seeing as we're on the subject of stuff for sale....
556 assorted pegs (second hand) - £3.50
Driveways relaid - £34
Net curtains (original) from a 1990 Sprite Musketeer - £0.50
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12-09-2009 12:11 AM #9
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I have a box of second hand cotton buds..used once ..10p the box...
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12-09-2009 12:24 AM #10
Viagra for sale. £10 for 4 but may rise if there is stiff competition.
They have the same affect as Microsoft Windows - They can handle 3.5" floppies.
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12-09-2009 08:17 AM #11This quote is hidden because you are ignoring this member. Show Quote
I doubt any new owner of the Bank will allow Hearts to roll-over the interest charges and add the amount to their debt. They will want the money due paid like any other business.
Also I think the negotiations over the £17 million repayment of loans due next February might be an interesting sideshow at PBS circus.
New job for Fred the Shred !!!!!!
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12-09-2009 10:58 AM #12
I asee that they have also stopped co-operating with ratings agency Moody's................Wonder why that is?????????
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12-09-2009 04:08 PM #13
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- Sep 2008
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- 108
Certainly an incredible amount of trading in Ukio shares this week, with a big price rise for junk stock.
Either someone knows something about a bid, or it's a concerted attempt to counter a shares slump.
I think Moody's said Ukio didn't have enough equity to cover its debts, so this may be an attempt to artificially raise the value of the bank by continually buying their own shares. Maybe.
No matter what, I can't seeing it being good news for the Yams.
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