Northen Rock
17-09-2007, 11:58 AM
#41
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Originally Posted by dunlop2008
You could make good money, or you could lose a lot. Their share price was about £11 a year or so ago, now it is £5!!!
Diva... its not quite as simple as you make out by the way mate! You say its a well run company???
It would seem not mate!!! 
I am very tempted at this level though... only because the Government have said they will help with its Liquidity problems in the short term.
HUGE volumes traded today, almost 188m shares already traded TODAY!!!
at current share price that means almost 40% of the company has changed hands... TODAY!
17-09-2007, 12:11 PM
#42
Im tempted to buy them as i dont see the government being able to let them fold, but I havent really got the cash available these days that I can afford to lose, so will probably not risk it, as gambling with money you cant afford to lose is a mugs game!
17-09-2007, 12:19 PM
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Originally Posted by Porkie
Originally Posted by dunlop2008
You could make good money, or you could lose a lot. Their share price was about £11 a year or so ago, now it is £5!!!
Diva... its not quite as simple as you make out by the way mate! You say its a well run company???
It would seem not mate!!! I am very tempted at this level though... only because the Government have said they will help with its Liquidity problems in the short term.
HUGE volumes traded today, almost 188m shares already traded TODAY!!!
at current share price that means almost 40% of the company has changed hands... TODAY!
Worth a "gamble"
17-09-2007, 12:23 PM
#45
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Originally Posted by The Diva
You obviously have no understanding of this particular situation mate....
Northern Rock are a financially sound company that has had a solid growth based on good practices,their portfolio carries no greater risk than anyone elses and they currently have £113 Billion in assets and £24 Billion in customer deposits.....they do have a large operating reserve,what they are saying is that if the lending situation from other banks carries on,they MAY need an emergency cash injection from the Bank of England to keep cashflow stable.....
WTF has that got to do with 3x lending and decent rates......it`s this narrow sighted attitude that causes such big share fluctuations when everyone panics..........
Northern Rock are a financially sound company that has had a solid growth based on good practices,their portfolio carries no greater risk than anyone elses and they currently have £113 Billion in assets and £24 Billion in customer deposits.....they do have a large operating reserve,what they are saying is that if the lending situation from other banks carries on,they MAY need an emergency cash injection from the Bank of England to keep cashflow stable.....
WTF has that got to do with 3x lending and decent rates......it`s this narrow sighted attitude that causes such big share fluctuations when everyone panics..........
Re. the mortgages, I was pointing out how they'd expanded, and their ratio of long-term assets to customer deposits has increased accordingly, above almost all other banks.
I'd be very interested to know what the NBV per share of the company is.
17-09-2007, 01:04 PM
#46
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I have a mortgage with Northern Rock, fixed until around October next year and my boyfriend's just gone self employed.
My mate tried telling me last night to move my mortgage to someone else.... cos if a debt collection agency took over it would go sky high... yeah yeah, okay, £2.5k to get out of it and no one will want to give me another mortgage cos of my partner going self employed.
I am staying where I am til my fixed rate's up and we can get a better deal elsewhere.
Don't think its anything to worry about and if it does go, it will be the bank of england or another bank that will take it on.
My mate tried telling me last night to move my mortgage to someone else.... cos if a debt collection agency took over it would go sky high... yeah yeah, okay, £2.5k to get out of it and no one will want to give me another mortgage cos of my partner going self employed.
I am staying where I am til my fixed rate's up and we can get a better deal elsewhere.
Don't think its anything to worry about and if it does go, it will be the bank of england or another bank that will take it on.
17-09-2007, 01:28 PM
#49
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yours (and my) mortgage will be passed to another lender - thats all.
If you look at its this very fact that has put NR in this situation in the 1st place. The American mortgages to be precise!
Alex
If you look at its this very fact that has put NR in this situation in the 1st place. The American mortgages to be precise!
Alex
17-09-2007, 02:30 PM
#50
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Originally Posted by Porkie
Originally Posted by dunlop2008
You could make good money, or you could lose a lot. Their share price was about £11 a year or so ago, now it is £5!!!
Diva... its not quite as simple as you make out by the way mate! You say its a well run company???
It would seem not mate!!! I am very tempted at this level though... only because the Government have said they will help with its Liquidity problems in the short term.
HUGE volumes traded today, almost 188m shares already traded TODAY!!!
at current share price that means almost 40% of the company has changed hands... TODAY!
Which broker would you recommend Lee should I wish to gambe and what time does trading close at ?
19-09-2007, 09:49 AM
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Dive dive dive.....
They just dropped 10% as apparently there are takeover rumours and they are valuing the company at less than £1bn....
hitting all time lows... down at 250 now...
They just dropped 10% as apparently there are takeover rumours and they are valuing the company at less than £1bn....
hitting all time lows... down at 250 now...
19-09-2007, 12:43 PM
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On their website is states:
Northern Rock have appointed Capita Registrars to provide share registration services to shareholders with effect from 2 February 2004.
http://companyinfo.northernrock.co.u...registrars.asp
Might be worth emailing them?
Northern Rock have appointed Capita Registrars to provide share registration services to shareholders with effect from 2 February 2004.
http://companyinfo.northernrock.co.u...registrars.asp
Might be worth emailing them?
19-09-2007, 01:12 PM
#54
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Originally Posted by Porkie
Dive dive dive.....
They just dropped 10% as apparently there are takeover rumours and they are valuing the company at less than £1bn....
hitting all time lows... down at 250 now...
They just dropped 10% as apparently there are takeover rumours and they are valuing the company at less than £1bn....
hitting all time lows... down at 250 now...
I found out later on a Ferrari forum that it is around £1.80 per share.
Going on the basis that 188m shares is 40% of the total, this would value the company at £846million:
(188m / 40%) x £1.80
Seems very understandable that bids are being made <£1bn. You could not attribute any positive goodwill in the form of customer loyalty or reputation.
Did you invest in the end?
19-09-2007, 02:05 PM
#56
the govt is bascily going to make them a public company if they decide to "lend" them money so why not just get the bank of england to buy them out and secure everything back to the way it was?
all you need to do is change the headed paper and it's business as usual
all you need to do is change the headed paper and it's business as usual
20-09-2007, 08:46 AM
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Originally Posted by Ex-Finesse
Did you invest in the end?
Want to get involved.... thinking about selling not buying though now!
That would be brave though! and I am not very brave
.
20-09-2007, 08:54 AM
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porkie why would you sell, isnt the share price not likely to go up???
btw i know sod all about this shares stuff, just hear alot about it and now its making me think lol
help a brother make some money!! 
btw i know sod all about this shares stuff, just hear alot about it and now its making me think lol
help a brother make some money!!
20-09-2007, 09:23 AM
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Originally Posted by Hardeep_Singh
porkie why would you sell, isnt the share price not likely to go up???
20-09-2007, 10:39 AM
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I would if I was brave...
But I am not, so gonna leave it alone. Its pretty obvious from the enormous volumes trading that even the experts don't have a scooby as to whats going on! So I will sit on my hands I think
But I am not, so gonna leave it alone. Its pretty obvious from the enormous volumes trading that even the experts don't have a scooby as to whats going on! So I will sit on my hands I think
20-09-2007, 10:42 AM
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Hmm, i had a flutter yesterday and bought 100 shares at £2.79. Down 30% today already. Still could go either way.
One guy bought £1.1m worth of shares yesterday...
http://www.londonstockexchange.com/e...SET10145279NRK
One guy bought £1.1m worth of shares yesterday...
http://www.londonstockexchange.com/e...SET10145279NRK
20-09-2007, 11:13 AM
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Well, my wifes uncle owns www.directsharedeal.com, based in Galsgow and can act as your broker if you so wish.
Give them a call and see what they can do.
Give them a call and see what they can do.
20-09-2007, 11:21 AM
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Originally Posted by Porkie
I would if I was brave...
But I am not, so gonna leave it alone. Its pretty obvious from the enormous volumes trading that even the experts don't have a scooby as to whats going on! So I will sit on my hands I think
But I am not, so gonna leave it alone. Its pretty obvious from the enormous volumes trading that even the experts don't have a scooby as to whats going on! So I will sit on my hands I think
20-09-2007, 11:34 AM
#76
Originally Posted by Porkie
Originally Posted by The Diva
The are not in the shit at all,talk about scaremongering...
Cameron for PM....
I`m resisting the urge to buy,but if they drop any lower than 1.75 it`s gotta be worth a gamble...
20-09-2007, 11:36 AM
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Originally Posted by Smit
took a hit today.
As at 20-Sep-2007 12:14:18
202.250 -54.75 -21.30%
As at 20-Sep-2007 12:14:18
202.250 -54.75 -21.30%
Dead cat bounce? Hope not for those who are long.
20-09-2007, 01:31 PM
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Originally Posted by Porkie
Originally Posted by Smit
took a hit today.
As at 20-Sep-2007 12:14:18
202.250 -54.75 -21.30%
As at 20-Sep-2007 12:14:18
202.250 -54.75 -21.30%
Dead cat bounce? Hope not for those who are long.
Damn you for quoting Diva first though!!