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Old 19 September 2007, 12:24 PM
  #151  
CharlesW
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Still looking very dodgy.

BBC NEWS | MARKET DATA

BoE have had to inject £10 billion into the market today!
Old 19 September 2007, 12:43 PM
  #152  
Terzo 333
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Just bought 100000 at 270p
Old 19 September 2007, 12:43 PM
  #153  
OllyK
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Originally Posted by CharlesW
Still looking very dodgy.

BBC NEWS | MARKET DATA

BoE have had to inject £10 billion into the market today!
That's not the kind of cash you find down the back of the sofa
Old 19 September 2007, 12:47 PM
  #154  
Gear Head
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Originally Posted by Terzo 333
Just bought 100000 at 270p
so you have just spent £270000?
Old 19 September 2007, 12:48 PM
  #155  
Sprint Chief
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Always take care trying to catch a falling knife

(From Sprint Chief's almanac of battered share dealing cliches)
Old 19 September 2007, 12:48 PM
  #156  
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Originally Posted by Terzo 333
Just bought 100000 at 270p
If you've got £300,000 to invest, there are far, far better and less risky propositions than Northern Rock.
Old 19 September 2007, 12:50 PM
  #157  
JTaylor
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Originally Posted by PeteBrant
If you've got £300,000 to invest, there are far, far better and less risky propositions than Northern Rock.
I don't think Terzo is expecting to be taken seriously here, Pete.
Old 19 September 2007, 01:14 PM
  #158  
Terzo 333
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Originally Posted by PeteBrant
If you've got £300,000 to invest, there are far, far better and less risky propositions than Northern Rock.
Well, we'll just have to see...

(not a joke btw)
Old 19 September 2007, 01:25 PM
  #159  
OllyK
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Well if you bought at 270, you've currently made 24p a share, or £24K, not bad going.
Old 19 September 2007, 03:05 PM
  #160  
billythekid
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280p now, but there is a long way to go, its not a one trick pony thats for sure.
Old 19 September 2007, 03:51 PM
  #161  
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It's a dead cat bounce...

...could have been worse though - he could have bought 100,000 at the 316 and lost a few shirts.

Based on current price he is up £4,000 minus account costs - so breaking even ;-)
Old 19 September 2007, 04:09 PM
  #162  
KiwiGTI
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200p is a fair price and in all likelihood the value that the takeover offer will be at.

Edit : Down to 255 now.

Last edited by KiwiGTI; 19 September 2007 at 04:12 PM.
Old 19 September 2007, 04:13 PM
  #163  
bugsti
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now down to 269
Old 19 September 2007, 04:19 PM
  #164  
boxst
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Eek .. down even further.

NORTHERN ROCK Share Price Chart | NRK.L | GB0001452795 | Yahoo! Finance UK

Steve
Old 19 September 2007, 04:21 PM
  #165  
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looks like 269 was optomistic! The site I am on has just updated.
Old 19 September 2007, 04:27 PM
  #166  
KiwiGTI
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Originally Posted by bugsti
looks like 269 was optomistic! The site I am on has just updated.
Most likely delayed, you usually have to pay for live data or at least be on a decent broker.

Sub 250 as we speak.

Last edited by KiwiGTI; 19 September 2007 at 04:32 PM.
Old 19 September 2007, 04:40 PM
  #167  
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Originally Posted by KiwiGTI
200p is a fair price and in all likelihood the value that the takeover offer will be at.

Edit : Down to 255 now.
Is that from the same broker that told you that CocaCola was only worth $60bn
Old 19 September 2007, 06:55 PM
  #168  
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who/where do you buy your shares from?
easy to manage account?

im new to this and all this talk about buyin n that, im interested
Old 19 September 2007, 07:29 PM
  #169  
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Originally Posted by Rannoch
Is that from the same broker that told you that CocaCola was only worth $60bn
No, that was a quick Google search - they were valued at that several years ago.
Old 19 September 2007, 08:12 PM
  #170  
Suresh
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Originally Posted by mark engers
What a load of poppycock. It was patently obvious to anyone who is familiar with you on here that you had neither the intention, the funds nor the gumption to buy any of these shares.

Then you have the audacity to come on here with this primary school excuse as to why you never bought the shares... after they have dropped again! Had they continued to rise we wouldn't have heard a peep out of you, would we?...

Or would you have treated us to a barely credible fish story about how you are lavishly spending your winnings?

You sound like someone's demented mum
Old 19 September 2007, 10:19 PM
  #171  
Deep Singh
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Originally Posted by mark engers
What a load of poppycock. It was patently obvious to anyone who is familiar with you on here that you had neither the intention, the funds nor the gumption to buy any of these shares.

Then you have the audacity to come on here with this primary school excuse as to why you never bought the shares... after they have dropped again! Had they continued to rise we wouldn't have heard a peep out of you, would we?...

Or would you have treated us to a barely credible fish story about how you are lavishly spending your winnings?

Suresh, this guy is a seriously inadequate loser. He is the one with no 'funds nor gumption' and is projecting his own failures onto you. Don't laugh though...pity the fool
Old 20 September 2007, 08:30 AM
  #172  
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Well the @rse has fallen out of them in the last 30 mins..
Old 20 September 2007, 08:51 AM
  #173  
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Last trade was 207.75
Old 20 September 2007, 08:56 AM
  #174  
boxst
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Recovered slightly, (£2.20 ish) but it doesn't look as though it is going to recover that much.

Steve
Old 20 September 2007, 09:01 AM
  #175  
lozgti
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Is this the end for Northern Rock then?

Can we expect them to be taken over in the coming weeks?
Old 20 September 2007, 09:14 AM
  #176  
billythekid
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Just dipped below 200p... I think this is the start of the end, they lost c.700p in the last 4 weeks now.
Old 20 September 2007, 09:22 AM
  #177  
boxst
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187p now. I don't understand really as it is a viable business, with a very short-term cash flow problem. That problem was underwritten by the Bank Of England, and in the end they didn't need it.

Amazing how it can all go horribly wrong based on rumour and misinformation.

Steve
Old 20 September 2007, 11:34 AM
  #178  
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The reason it is dropping so quick is that any potential buyer for NR will only do so at a heavy discount - one of my early posts mentioned 180 to 200p a share - that is less than the asset value of the company - but whoever buys them will need to cover the £17bn shortfall too. Someone will get a bargain, but that is business! Screw up and the vultures will circle and rip you to shreds.
Old 20 September 2007, 12:39 PM
  #179  
Sprint Chief
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The problems with Northern Rock are a lot deeper than the short term credit crunch.

1. The brand is now tarnished, and is probably worthless. Banking relies on trust and that confidence would take years to regain. The only way they can continue in the near term is to be much cheaper than everyone else but...

2. Their business model relies on LIBOR and the base rate being close to be competitive. The credit crunch has opened a gap between these, which means that in the near to medium term product offerings are likely to be uncompetitive. It is highly likely that mortgage holders will switch to other banks when their fixed terms expire.

3. Final nail in the coffin - whilst the BoE has offered to prop up Northern Rock, that guarantee has explicitly not been extended to any suitor. That means that any bank buying has to cover the shortfall themselves. This does not make Northern Rock an attractive takeover target.

All in all? These shares are in for a rocky ride, they are stuck between a rock and a hard place and other appalling puns. Unless something above changes materially these shares are going to be seriously unpopular.

HM Gov doesn't care about the shareholders - they are there to take it in the shorts when the business model goes wrong - they only intend to look after the customers (and, to some extent, the employees if need be).
Old 20 September 2007, 12:59 PM
  #180  
lozgti
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Originally Posted by Sprint Chief
3. Final nail in the coffin - whilst the BoE has offered to prop up Northern Rock, that guarantee has explicitly not been extended to any suitor. ).
I thought they had? Maybe not then.

Thought this was interesting though...

http://investing.reuters.co.uk/news/...RTHERNROCK.xml


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