Northern Rock - Shares [Merged Threads]

cundall

Looking at the chart below:

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/23193/default.stm

Is it a good time to invest in Northern Rock... Thinking of having a £5k gamble....

dealornodeal_3

cundall wrote: »

Looking at the chart below:

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/23193/default.stm

Is it a good time to invest in Northern Rock... Thinking of having a £5k gamble....

I think they have further to fall. Eventually when the Dust has settled, it may be worth a punt with Bradford and Bingley, or Alliance and Leicester;)

Debt_Free_Chick

cundall wrote: »

Looking at the chart below:

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/23193/default.stm

Is it a good time to invest in Northern Rock.

Only if you think they'll go up again :rolleyes:

My concern now is that there could be, effectively, a "forced sale" and the buyer will pay a low price.

Just not sure what to do .....

Usual advice - only gamble what you're prepared to lose

uk_steve

a fancy a punt on NR Shares if it hits the £2 mark
!

Rhino666

Browntrout, firstly there is no comparison with Marconi as this once great company was totally mismanaged and drove itself more or less to extinction with a very unhealthy balance sheet at the end. Investing huge sums of money in the wrong areas, effectively burning money forced the company to sell off its best china and continue as a shadow of its former self with original shareholder value reduced to nil.

Secondly, you appear to be a man whose glass is half empty. I would argue that there is a fair chance that the current share price will increase in the medium term - of course buying the share at the lowest price to capitalise may not be that easy :-)

kennyboy66_2

1) Throw away any charts - past price has no relevance.

2) Usual measures of value such as yield / PE ratio virtually meaningless as its highly improbable that NR will exist on its own in 6 months time.

3) Shares probably have some Net asset value left in the event of a firesale - could be anywhere between £1 and £5.

4) Why would anyone buy this as a going concern business ? Unless at a firesale price.

Anyone buying this share should understand it is a highly speculative punt closer to spread betting than real investment. If you are the type of investor who is comfortable with a risk level similar to traded options / spread betting then it may be for you.

Anyone else should really know better.

uk_steve

a fancy a punt on NR Shares if it hits the £2 mark
i am a none smoker so i dont spend £2k on fags each year so i go for a 2k punt i think


where is a good place to buy shares easy? its got to be easy :j

[Deleted User]

dippy wrote: »

And the most important of all:
5) There is currently a run on this bank to the tune of £2billion in 3 days (1 working day)

Not to mention the following -
1) High risk loan book, alot being unsecured at 125%LTv, loans and poor credit history (their customers prob cant afford high interest rates, and we are well on the way to mortgage rates of 9% now )
2) Business strategy based on the continuing economy of cheap interbank money
3) Directors knew they were in trouble so approached lloyds for a takeover before the whole issue kicked off, blocked by BOE.
4) All forcasts of profit, p/e etc are based on money markets as was not as is.

Above all its just gambling at the moment, a investor would wait till things settle down and then see how the company has adjusted and whether it will resolve the issues. This sort of information prob wouldnt be around till november, if it still is called NR and not diluted to other organisations.

gt94sss2

The quickest/cheapest way of buying shares in a company would be to open an account with an online broker - this can be done pretty quickly.

For instance, you can join Selftrade online in less than 10 minutes and trade immediately - funding your account via a debit card. They also have no inactivity or annual fees with their standard dealing account - which is something some brokers charge but what you would want to avoid if not trading frequently.

They charge £12.50/trade but also have a referral scheme where you could get up to £80 (my details are in post 242 in that thread) for joining them - which means if you are only making one trade, you would make money there as well!

Regards
Sunil

uk_steve

i be your friend:beer: