Northern Rock

cla5h · Post by **cla5h** » Wed Sep 19, 2007 11:06 am

Good idea. I'm off out now!

GregR · Post by **GregR** » Wed Sep 19, 2007 11:13 am

uh oh! Thankfully some got out when they could!

http://newsvote.bbc.co.uk/1/hi/business/7002128.stm

BiggestNizzy · Post by **BiggestNizzy** » Wed Sep 19, 2007 11:22 am

GregR wrote:I'm surprised there haven't been more roberies in the vicinity of NR branches... especially given all the pensioners walking out with thoosands!

The newspaper helped out those muggers who where a bit slow can't remember the paper but it said "kilmarnock man Jim Smith* from barbados rd withdrew £40k, his life savings"

*name has been changed to protect the innocent, and I can't remember

gorrie · Post by **gorrie** » Wed Sep 19, 2007 12:19 pm

GregR wrote:uh oh! Thankfully some got out when they could!

http://newsvote.bbc.co.uk/1/hi/business/7002128.stm

I just stay away from shares completely now. Even when I get a result it turns out sh1t. My company went through a bad period on the stock market a few years back and the share price fell to appriox $1 on NYSE. I bought about a grands worth at that point thinking they can either go up or we get bought over.

Sold them a couple of months later for about $3.5 per share. Nice, I thought. They started this year at approx $13 per share and we are now in the process of getting bought over by a private consortium at $17.5 per share.... we did I sell... why...

Tom · Post by **Tom** » Wed Sep 19, 2007 1:18 pm

back down 16% again...

i'd have bought some of these if I had some spare quiddage.. Alas, poor student, he has no cash for shares....

tenkfeet · Post by **tenkfeet** » Wed Sep 19, 2007 3:25 pm

gorrie wrote:
GregR wrote:uh oh! Thankfully some got out when they could!

http://newsvote.bbc.co.uk/1/hi/business/7002128.stm
I just stay away from shares completely now. Even when I get a result it turns out sh1t. My company went through a bad period on the stock market a few years back and the share price fell to appriox $1 on NYSE. I bought about a grands worth at that point thinking they can either go up or we get bought over.

Sold them a couple of months later for about $3.5 per share. Nice, I thought. They started this year at approx $13 per share and we are now in the process of getting bought over by a private consortium at $17.5 per share.... we did I sell... why...

LOL you have my share dealing skill. I had BA , Rolls Royce , Amvescap at the bottom of the market in 2002 , if I had held on I would have made a killing in relative safe shares with dividends . No muggins goes down the High risk oil and gas route

woody · Post by **woody** » Wed Sep 19, 2007 3:41 pm

I generally only do the BOGOF shares we get in my employer which are currently doing quite nicely

renmure · Post by **renmure** » Wed Sep 19, 2007 5:20 pm

I dabble a bit with share dealing and day trading as an occasional hobby to see if I can get some money in the car-fund pot. Some days are good, some days are less good and some days I wish I hadn't turned on the pc. I am sure the NR situation will be interesting for 50% of folk to look back on and see where they made a killing whilst the other 50% look back and see where they lost their shirt. Think I will watch this one from the sidelines

phraze · Post by **phraze** » Wed Sep 19, 2007 5:25 pm

for those interested in trading I've interviewed this guy, Mark Shipman, in the past and his book seems amazing...

http://www.amazon.co.uk/Next-Big-Invest ... 464&sr=8-1

foz01 · Post by **foz01** » Wed Sep 19, 2007 8:16 pm

Not all oil and gas shares are dodgy, as my buying into NR well its tempting but i have a load tied up into a bule chip co which has just dropped 20% in the last fortnight meaning i am currently at a loss, barsteward

renmure · Post by **renmure** » Wed Sep 19, 2007 8:37 pm

shooomer wrote:Given your stable the good days must outnumber the bad

beginners luck

Skyenet · Post by **Skyenet** » Thu Sep 20, 2007 1:48 am

Have no shares, no investments, no savings, no rich relatives about to die, but the one thing I am glad I dont have anymore is a mortgage

Just got my student loan through but they have no chance of ever getting that back off me.

I d rather be healthy than wealthy. Yet two more rich folk that I have met have recently went to their graves before reaching 50. Too much stress worrying about their fortunes

I did have a credit card with the company that went bust a few years ago and had about £600 in debt wiped off my slate so sometimes you can be a winner.

Quite agree that the press has a lot to answer for in this story, and most others for that matter.

cla5h · Post by **cla5h** » Wed Nov 21, 2007 10:44 am

Hope those who bought shares when they dropped originally to a couple of quid, in the hope the price would bounce back medium-long term didn't invest their life-savings.

Shares dipped to 60p yesterday, but rallied a little to close still under £1 (after a year high of £12+)
Talk yesterday was of a potential buyer, after everyone else having a sniff decided they didn't want it.
However, they would pay only a 'nominal price' for the shares, so investors would likely lose out.

BiggestNizzy · Post by **BiggestNizzy** » Wed Nov 21, 2007 10:51 am

As I see it the "markets " are delibratly forceing the price down so it gets snapped up and the big wizz city types can make a killing on a profitable buisness currently the company is worth only slightly mor ethan it's yearly operating profits!

anyone know where I can get a loan of £500 million ?

robin · Post by **robin** » Wed Nov 21, 2007 11:10 pm

BiggestNizzy wrote:As I see it the "markets " are delibratly forceing the price down so it gets snapped up and the big wizz city types can make a killing on a profitable buisness currently the company is worth only slightly mor ethan it's yearly operating profits!

anyone know where I can get a loan of £500 million ?

The markets simply reflect what people will pay for the shares. Conspiracy theories are always amusing but rarely true

Cheers,
Robin