Northern Rock Shares???
19 October 2007, 08:22 PM
#1
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Northern Rock Shares???
Its been hovering around 200p for a while now. Would it be a good time to buy some shares? Actually will it be a good idea to buy NRK shares at all?
19 October 2007, 08:34 PM
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Only you can decide really as its very unpredictable what will happen with these. If you are a gambling man, and can afford to potentially lose all you invest, then go for it - potentially you could make quite a decent gain 
I currently hold some.
I currently hold some.
19 October 2007, 10:30 PM
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19 October 2007, 11:50 PM
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Currently on the high risk list. Yes it is possible you can lose the lot.
Worth a punt with the beer money. Otherwise keep an eye on the likes of Alliance and Leicester
Worth a punt with the beer money. Otherwise keep an eye on the likes of Alliance and Leicester
20 October 2007, 09:34 AM
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Keep one finger on the trigger and see what some of the take over offers, like from Branson are doing.
They could suddenly sky rocket.
Like Tart Man says, worth a cheeky punt with some spare money
They could suddenly sky rocket.
Like Tart Man says, worth a cheeky punt with some spare money
20 October 2007, 10:01 AM
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Well bear in mind that there are some knowledgable and wealthy financial advisers on SN who were saying that they were going to invest and us stupid mortals really don't understand these "money things".......
On the other hand the brand name is shot, they are in hoc to the BoE for £13billion (AFAIK) and they aren't flavour of the month in the City. Plus there are press rumours that a bidder will offer sweet FA to the shareholders.
But it's your money............
On the other hand the brand name is shot, they are in hoc to the BoE for £13billion (AFAIK) and they aren't flavour of the month in the City. Plus there are press rumours that a bidder will offer sweet FA to the shareholders.
But it's your money............
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20 October 2007, 10:04 AM
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The chairman now off and news stories like this one:
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Northern Rock last week borrowed a further £3bn from the Bank of England, it emerged on Thursday, taking the total to about £16bn. Five weeks after the lender first went to the Bank for support, its weekly borrowing was up from £2.3bn in the week to October 10 and £2.9bn the week before. The figures were revealed in the weekly publication of the Bank's balance sheet. "Northern Rock's funding problems remain acute," said Simon Ward of fund manager New Star. "There had been hopes that the rate of increase would slow following the Government's announcement last week that its guarantee would be extended to new retail deposits." Analysts have expressed surprise that borrowing figures have been so high.
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There are big boys lurking, waiting to pounce as well so there is still a lot of uncertainty.
Probably in "gamble" territory rather than "solid investment". if you can afford to lose it as said above....
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Northern Rock last week borrowed a further £3bn from the Bank of England, it emerged on Thursday, taking the total to about £16bn. Five weeks after the lender first went to the Bank for support, its weekly borrowing was up from £2.3bn in the week to October 10 and £2.9bn the week before. The figures were revealed in the weekly publication of the Bank's balance sheet. "Northern Rock's funding problems remain acute," said Simon Ward of fund manager New Star. "There had been hopes that the rate of increase would slow following the Government's announcement last week that its guarantee would be extended to new retail deposits." Analysts have expressed surprise that borrowing figures have been so high.
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There are big boys lurking, waiting to pounce as well so there is still a lot of uncertainty.
Probably in "gamble" territory rather than "solid investment". if you can afford to lose it as said above....
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