The Co-op Bank


J

Judith

I know little (nothing?) about shares, the SE, grey markets etc.

I am interested in Co-op Bank shares and have a few questions:

Is it true to say that all Co-op Bank plc shares are held by the Co-op Group
and cannot be bought by individuals?

Someone has said that they are traded on the "grey market" - how can that be?
Who is buying and selling them? or is it just bonds which are being sold - and
why on the "grey market"?

If the people who own the bonds which are to be converted to shares actually
get shares - will they be shares in the Co-op Bank plc - and will they be able
to sell them on the SE.

If I look at the page on the SE:
CPBB CO-OPERATIVE BANK PLC 9.25% NON-CUM IRRD PRF #1
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB0002224516GBGBXSSQ3

What has actually been traded in the "last 5 trades"?


TIA
 
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T

tim.....

Judith said:
I know little (nothing?) about shares, the SE, grey markets etc.

I am interested in Co-op Bank shares and have a few questions:

Is it true to say that all Co-op Bank plc shares are held by the Co-op
Group
and cannot be bought by individuals?
It is being floated, allegedly by October
Someone has said that they are traded on the "grey market" - how can that
be?
Who is buying and selling them? or is it just bonds which are being
sold - and
why on the "grey market"?
the grey market is just gambling. You aren't buying/selling real shares,
just betting on next day/week/month's price

tim
 
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A

Anthony R. Gold

It is being floated, allegedly by October
Some £60 million of 9.25% Preferred is listed and being traded.
the grey market is just gambling. You aren't buying/selling real shares,
just betting on next day/week/month's price
That may be true for any yet-to-be floated Common.
 

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