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Northern Rock - Ouch!

Discussion in 'General Board' started by julian, Oct 2, 2007.

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  1. julian United Kingdom

    julian Banned

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    £1.30 ps this morning I paid £1.90 two weeks ago someone save them!

    gutted :(

    Ahhhhhhhhhh....
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. tifosi United Kingdom

    tifosi Well-Known Member

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    a friend of mine did the same a couple of weeks ago... good job he's on holiday now!

    still, probably a bit undervalued and *should* be offered more if a takover happens. If not then with the new savings regulations probably a good 3-5year punt.

    Braver man than me!

    S
     
  4. Pred United Kingdom

    Pred Well-Known Member

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    Dont touch shares anymore.
    Better backing yourself with the money on ventures.
    When companies go tits or things go awry, the bondholders and company directors do just fine, the basic shareholders always get shafted.

    You're better of backing a horse.It's quicker, to win or lose. :-D
    Mind you that's bent as well, sometimes.
     
  5. redbird United Kingdom

    redbird Well-Known Member

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    If only i'd waited until they got as low as £1.90 before I bought !

    Dave
     
  6. julian United Kingdom

    julian Banned

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    what did you pay - it will make me feel better :mrgreen: ?


     
  7. redbird United Kingdom

    redbird Well-Known Member

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    £3-01 and could have taken £100 profit at one point!
    feel better?
     
  8. redbird United Kingdom

    redbird Well-Known Member

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    03 Oct 2007 - 08:53

    (Rewrites with share price, Northern Rock comment, details)

    LONDON, Oct 3 (Reuters) - Shares in Northern Rock jumped more than 14 percent on Wednesday after reports private equity group JC Flowers has secured 15 billion pounds ($30.6 billion) of funding which could be used for a takeover.

    Northern Rock, Britain's fifth-largest mortgage lender, has been engulfed in crisis since it was offered emergency funds by the Bank of England last month. It has lost more than 80 percent of its market value since the start of September.

    Shares in the bank were up 8.7 percent at 0740 GMT, trading at 147.4 pence -- off lows of 112 pence touched on Tuesday but 88 percent below the year's high of 1,258 pence.

    Citing no sources, the Financial Times said on Wednesday that JC Flowers was interested in keeping Northern Rock as a whole entity -- rather than parcelling off assets -- and already had funding commitments from major banks to help it refinance cash Northern Rock will have to raise in the next year.

    The paper said JC Flowers, the buyout group founded by former Goldman Sachs banker Chris Flowers, was due to meet Northern Rock's advisers for talks.

    "As we have said, we are exploring a number of options but we can't comment further at this stage," a Northern Rock spokeswoman said.

    Several bidders have expressed an interest in Northern Rock since its troubles began last month, but most have since pulled out. U.S. fund Cerberus has also been named as a suitor but has made no public comment.

    Speculation on the bank's future has been rife for two weeks as regulatory and political pressure increases on all parties to find a swift solution to the debacle, stem losses and curb the destabilising effect on the rest of the sector.

    A trade sale of the bank in its current form is seen as increasingly unlikely, and analysts say they now expect Northern Rock to be wound down and possibly parcelled off to more than one buyer.

    "The business is almost certainly going to be taken out or split into parts, so ultimately the question is what price is it worth," said James Hamilton, analyst at Numis.

    "The best price for equity shareholders will arrive if there are multiple people interested in acquiring it. I suspect that as the general quality of the assets is pretty good there will be competing bids for various parts of the group, if not for all of it."

    JC Flowers was not immediately reachable for comment. (Additional reporting by Steve Slater, Elena Moya and Tim Pearce) ((Reporting by Clara Ferreira-Marques;

    Editing by Quentin Bryar

    Reuters Messaging:

    rm://clara.ferreira-marques.reuters.com@reuters.net

    Email: clara.ferreira-marques@reuters.com

    Telephone: +44 207 542 3214))
     
  9. redbird United Kingdom

    redbird Well-Known Member

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    Looks like your wish is coming true, one of us is in profit..

    Dave
     
  10. julian United Kingdom

    julian Banned

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    I so nearly bought anothe rload when they wen tto 135p

    I knew I should have done... maybe.. its just glorified gambling really :p



     
  11. retired_member3

    retired_member3 Retired Member

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    google shares $600!!! if only i had a time machine!
     
  12. redbird United Kingdom

    redbird Well-Known Member

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    As I actually have a spreadbet on them rather than purchasing the shares it is even closer to gambling :)

    Dave
     
  13. mxm

    mxm Active Member

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    kingdom for a horse wishing well

    spot on J just another form of roulette! £1.30 was the turning point do will be interesting ride for those in at £122.27 :rolleyes: on a long!

    you have Hammer.... $1000+ within 3 years ;) or a split with equal values!
     
  14. retired_member3

    retired_member3 Retired Member

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    I work in trading so stay well clear! greyhounds and horses my vice.
    Although i'm gutted i didn't buy vmware shares when they ipo'd at $29
     
  15. lex007

    lex007 Active Member

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    If you actually WANT to make some money on sporting events/sports risk analysis... you should spek to me! I have one of the best profiles of any tipster in UK ... based on r*cing post and the sp*rtsman newspapers.. betting records.... ;)

    You can PM me... bets are £50 (this is dirt cheap tbh) per person with monies paid AFTER you win!!!


    I bet exclusively on football... so no dreamers wanting 100/1 shots... alhough my biggest officially recorded win (Aug 2006 The Sportsman Newspaper) is 145/1..!

    Lex

    p.s I quote the sportsman newspaper who labelled me as the "Top International Tipster"
     
  16. retired_member3

    retired_member3 Retired Member

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    Why are you bothering with domains if your such a gifted gambler? and why would you bother selling tips?

    If it were me i would be sitting on my patio in st kitts with my laptop on betfair.

    Think you'll have to convince a few people before getting any money.
     
  17. mxm

    mxm Active Member

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    hot weather liquid porsche

    shame H... we caught some at $53.45 so in a good seat with VM... but there is loads of "deals" coming in 08 so lots of length left in them yet!

    $29 bucks would have been a good run though :-D

    as for greyhounds - too much lemonade before the race :cool:

    Northern Rock is equal in misadministration to the DF UK show cock up! :twisted:
     
  18. mxm

    mxm Active Member

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    tiger tiger buringin bright tevion laptops

    ... international meaning USA or just over in europe?
     
  19. retired_member3

    retired_member3 Retired Member

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    I know. gonna be big. missed at $29 then thought again at $49 and decided i'd missed the boat! :( even cheap at $80 me thinks now.
     
  20. lex007

    lex007 Active Member

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    zip for the yanks (except MLS soccer)... all their sports are far too tedious and 'stop-start' for me... :)

    Domains are the natural commodity of choice for someone who spends most of the time on a laptop... it's a hobby between matches etc.. no sport on etc...

    £50 is not a lot on it's own but if 100 people do it that's £5k a time!
     
  21. mxm

    mxm Active Member

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    jumble sail witch hunt french fancy

    we would have thought p0rn would be the other natural commodity :rolleyes:

    please PM us some info / res etc very interested :cool:

    Hammer... we think (subject to next years feb crash!) that $150 is a fair, long $ on them... so you could be right too!
     
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