Northen Rock [Merged Threads]

alared

kittie wrote: »

I`ll get burned moorepart?

I sold all my stock holdings of NRK two days ago and I have moved my savings out!!!

Sounds like you already got burnt.
Why didn`t you sell them when they were £12?

Some of us have seen all this volatility before.
That`s what markets do ---- fluctuate.

bristolleedsfan

alared wrote: »

Some of us have seen all this volatility before.
That`s what markets do ---- fluctuate.

true, whats the odds on all shares including NR ending the year on record highs. :rotfl:

altyfc

Geoffo_M wrote: »

The danger limit is £35k. The Financial Service Compensation Scheme guarantees 100% on first £2k and 90% on next £33k - a total of £31.7k. You lose everything above £35k

Does that apply only to individuals? Or does it apply to companies as well?

Thanks.

Jake'sGran

PauliPauli wrote: »

hmmm... well currently earning 5.74% on their business reserve account, think I'll move funds above £33k to hsbc (business savings) via chaps monday morning at 5% until dust settles, just for peace of mind

There is an item in The Times today suggesting that there is someone waiting in the wings to take over NR. I only have the 500 at flotation shares and am prepared to wait. Hope it comes good but don't like the idea of them being bought at something like the original price.

maypole

Jakesgran

What would this takeover mean for us? We also hold 1000 floatation shares.

bristolleedsfan

Jake'sGran wrote: »

There is an item in The Times today suggesting that there is someone waiting in the wings to take over NR. I only have the 500 at flotation shares and am prepared to wait. Hope it comes good but don't like the idea of them being bought at something like the original price.

have u a link to the article, i only kept my NR shares in hope they would be taken over, saved me making the decision to sell, obv dammed if i did and dammed if i didnt.

NR like alliance and L are planning a share buyback which will reduce no of shares in circulation and therebye increase share price.

northern rock initiated the annual profits pledge to its charitable foundation to reduce its attractiveness to others.

i remember when northern rock share price previously slipped to near flotation value, wasnt long before it hit new highs again.

ashm1

Northern Rock asks for Bank help. ***deleted**

http://news.bbc.co.uk/1/hi/business/6994099.stm

mrp45

I just read on the BBC that Northern Rock have gone for emergency funding... I thought the high interest rate was suspicious, now it turns out it was because they were running out of money so they wanted to get some mugs to invest theirs!

Anyway does anyone know what the situation would be I was to request the withdrawal of my savings and while waiting for the withdrawal to go through (which may take a while) Northern Rock was to collapse?

I understand that you get the 1st 30K or so back, but if you have more than that it could be a disaster, plus also I don't know how long it takes to get that 30K back from the Bank of England - I assume it must be a long painful process...

mrp45

oops i just saw there is another thread on it, but I didn't see it in the search because the name was spelt funny... sorry. but if anyone knows about the 30K thing, please let me know!

bristolleedsfan

ashm1 wrote: »

Northern Rock asks for Bank help. HUGE NEWS

http://news.bbc.co.uk/1/hi/business/6994099.stm

share price down again today.

ttp://www.citywire.co.uk/Shares/ShareFactsheet.aspx?InstrumentID=2375&XDU=af883c5e-add9-4892-a6e2-37d8ebac622e&XDS=C&XDNG=False&XDKL=0&XDURL=http%3a%2f%2fwww.citywire.co.uk%2fShares%2fShareFactsheet.aspx%3fInstrumentID%3d2375