Originally Posted by
S3an
remeber when folk said this about buying shares in northern rock, look what happened to them. know loads of folk who went out and bought them and lost thousands.was speaking to some one who works for the halifax last week, they were gonna cash their company shares in a couple of years ago at a value of £55k to pay their mortgage off fully,wife talked him out of it and now they are worth £3k!!
funnily enough, when halifax/abbey/santander shares were worth loads, they sent out letters to my folks to get shot at a good rate
my mum flogged hers the enxt day
but my dad waited a few months and they'd dropped by a sizeable margin in that time, enough to make a few grands worth of difference
had the same when they floated our company, although there was a bit of a calamity in that we were given a thousand shares ever few years as some sort of loyalty bonus so when the float came, we'd be quids in
i got £8k but if i'd started 15 months earlier, i would have got £26k
but what was a bit devious was that the heads of the departments were given shares to dish out as they pleased, and one fine head of department decided she didn't want to give any out at all, and "earned" a cool £600k out of them
her team wern't best pleased and she left a few weeks later