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Old 11 October 2007, 09:39 AM
  #211  
Terzo 333
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Originally Posted by JTaylor
I keep pressing Terzo 333 for a comment but he appears disinclined.
He who laughs last laughs longest
Old 11 October 2007, 10:52 AM
  #212  
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Going down again....

I'm not on this roller coaster but I feel sick.Wouldn't want a city job for love or money
Old 11 October 2007, 02:49 PM
  #213  
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Originally Posted by Terzo 333
He who laughs last laughs longest
Just so long as you get to laugh at all

Lets hope that is the case, at least you had the ***** to put your money where your mouth is Although 1/4 million pounds is one hell of a large punt That took ***** of titanium, not just steel!
Old 11 October 2007, 03:17 PM
  #214  
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1/4 million pounds on shares and drives a subaru?

i`m calling BS
Old 11 October 2007, 09:10 PM
  #215  
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Originally Posted by StickyMicky
1/4 million pounds on shares and drives a subaru?

i`m calling BS
Yup, you need to earn at least £500K to afford the petrol & servicing....

Been a very good rock this week
Old 11 October 2007, 09:45 PM
  #216  
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Originally Posted by Terzo 333
He who laughs last laughs longest
Quite right, Terzo 333. I bought back at 161, although we are looking at multiples of 100 rather than 1000s.

If this is all real and you've made some tidy bunse, then fair play.
Old 11 October 2007, 09:48 PM
  #217  
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Originally Posted by JTaylor
Quite right, Terzo 333. I bought back at 161, although we are looking at multiples of 100 rather than 1000s.

If this is all real and you've made some tidy bunse, then fair play.
You'd need to be a multi-millionaire to feel happy chucking 1/4mil at such a speculative investment. Or just fearless. /
Old 15 October 2007, 11:39 AM
  #218  
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Originally Posted by blot
Yup, you need to earn at least £500K to afford the petrol & servicing....

Been a very good rock this week
Just lost a third of its gains again.Down to £2.02 from £2.70.

I liked the sugested name if Virgin took over of 'Northern Virgin'
Old 15 October 2007, 11:53 AM
  #219  
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Private Equity Investor phone call to No 10

"Hi - Richard here. I think I can help get you out of this Northern Rock farce. We'll put a bid in offering 5p per share but big it up for the gov't in acting promptly blah blah. We'll make a big thing of keeping jobs in the North and all that BS. We'll say you insisted.

Just one thing - could you have a word on the QT and ask Mervyn to write off the few billion he dished out. I am sure we can sort it for you".

Response from No 10. "Well er umm er. Yes."

dl
Old 15 October 2007, 12:47 PM
  #220  
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Originally Posted by lozgti
'Northern Virgin'
Doesn't quite work does it?
Old 17 October 2007, 02:28 PM
  #221  
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Branson's latest name suggestion

> or possibly, he said, "Virgin Rocks."<

Last edited by lozgti; 17 October 2007 at 02:50 PM.
Old 19 November 2007, 09:51 AM
  #222  
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100p
Old 19 November 2007, 10:06 AM
  #223  
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Bet there's quite a few people wishing they hadn't tried to make a fast buck when the shares first slid in October.

Worst thing is, it looks like the taxpayer is going to be seriously out of pocket if/when NR goes under.
Old 19 November 2007, 11:06 AM
  #224  
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Looks like the government will bend over as far as they possibly canto help.

Which really flipping annoys me.Banks who have made billions getting bloomin help from the government.Clearly they (gvt)are desperate not to get a right kicking in the nuts and an economy collapse.

It stinks
Old 19 November 2007, 11:30 AM
  #225  
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If you have nothing better to do it's quite fun going back through this thread and looking out for the "NR will be fine - shares will bounce back - good time to buy" posts from SN's resident financial experts
Old 19 November 2007, 11:39 AM
  #226  
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This may help the afflicted...

Gamblers Anonymous in the UK
Old 20 November 2007, 09:40 AM
  #227  
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79p this morning, at this rate they will go bust by the end of the month.
Old 20 November 2007, 10:05 AM
  #228  
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Hit 60 at one point - might not see out the week....
Old 20 November 2007, 11:10 AM
  #229  
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C`mon Sir Richard, get your money out
Old 20 November 2007, 12:57 PM
  #231  
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Which of the big lenders will be next, Bradford & Bingley or A&L?

My money is on B&B! I've already removed most of my cash from my accounts with them - only a couple of k remaining!

NS&I is clearly seen as the safest bank right now, but its now taking weeks to get accounts opened with them!
Old 20 November 2007, 01:34 PM
  #232  
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A&L are not looking too good IMHO, and I have an account with them too
Old 20 November 2007, 01:43 PM
  #233  
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Got my fingers burned with these shares

Paragon look in an awful mess ... they lend on Buy-To-Lets.

There are going to be a flood of Buy-to-Lets hitting the markets in January - further depressing the Housing Market.
Old 20 November 2007, 01:54 PM
  #234  
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Originally Posted by pslewis
Got my fingers burned with these shares

Paragon look in an awful mess ... they lend on Buy-To-Lets.

There are going to be a flood of Buy-to-Lets hitting the markets in January - further depressing the Housing Market.

I wouldn't be so sure about this. New rules for CGT kick in in April, so wiser investors should hang on. Base rate will possibly be back to 5.25% by then, so they wont be feeling the same pain.

If Northern Rock go under, Paragon will more than likely follow them within days. At the minute no-one really knows all the options for Northern Rock, but if these options are clarified (regarding state assistance and EU competition laws) and NR go under, Paragon will have no other place to go. They have no customer deposits at all. B&B and A&L have some customer deposits which at least allows them some breathing space. If we do lose a couple of lenders in the next month or two, the impetus will be on the MPC to stop the rot, so they will have to drop the base rate further and more quickly than the three cuts currently forecast for next year.

B2Z - If shares hit 1p you wil probably be able to but the entire company for a grand
Old 20 November 2007, 02:06 PM
  #235  
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"I wouldn't be so sure about this. New rules for CGT kick in in April, so wiser investors should hang on. Base rate will possibly be back to 5.25% by then, so they wont be feeling the same pain."

The problem is you have to service the debt until then. And you have to have a potential gain before you worry about CGT.

"If we do lose a couple of lenders in the next month or two, the impetus will be on the MPC to stop the rot, so they will have to drop the base rate further and more quickly than the three cuts currently forecast for next year."

The problem with the property market isn't the only consideration here is it? Lowering interest rates will have an adverse effect on the exchange rate, and inflation may rise.
Old 26 November 2007, 12:03 PM
  #236  
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Well done Sir Richard, up 50% straight away.
Old 26 November 2007, 01:39 PM
  #238  
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Originally Posted by billythekid
79p this morning, at this rate they will go bust by the end of the month.
Good call!
Old 26 November 2007, 02:00 PM
  #239  
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Love the press.The biased and unbiased when they say things like

'Rock shares soar' and 'Shares rocket 40%' or whatever they have done.

Errr......they were £12.00 and people are wetting themselves when they 'rocket' from 80p to £1.10. Wow
Old 26 November 2007, 03:18 PM
  #240  
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Originally Posted by Petem95
Which of the big lenders will be next, Bradford & Bingley or A&L?

My money is on B&B! I've already removed most of my cash from my accounts with them - only a couple of k remaining!

NS&I is clearly seen as the safest bank right now, but its now taking weeks to get accounts opened with them!
Quite a few.

Basically any CC co/lender/bank/building soc that is linked with the US financial sector is going to have problems.

I've been advised by my FA that my liquid "short term" assets should be spread about as much as possible and not to use anyone with heavy reliance on the USA's banking industry. As in the next few years things will be getting a little rough.


But as mentioned: A&L is looking unsteady, amongst some of the other small fry.

Interesting to note, the two banks/building socs that gave some of the highest (plublicised) interest rates on savings are now the ones that are now being iffy (B&B and A&L )....Maybe the adverts of high interest rates on saving accounts is a warning sign of financial desperation?

The big British banks are generally ok, but I'd be wary on Barclays - They are no good for loans or investment anyway, but of the big banks, they are the ones to be keep an eye on.

Last edited by Shark Man; 26 November 2007 at 03:27 PM.


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