Northern Rock - Shares [Merged Threads]

gt94sss2

Send me an email or private message with your full name and an email address and I would be happy to refer you..

Regards
Sunil

uk_steve

pm sent

Pegasus10

Ops...just saw we are not supposed to ask about shareson here. Sorry.

HelpWhereIcan

have been watching on and off this morning and it seems that volumes spike at the 260 mark - could this suggest that the institutionals and shorters see 260 as the buy mark?

have been thinking of following a 'buy at 250' strategy - have actually been looking forward to it getting to that point, but Day's range is currently 261 - 334.

Any thoughts on when/if the shorters will come back in?

obsessed_saver

Isn't there a limit when a share is stopped from trading if it falls below a certain amount in a day?

Browntrout_2

obsessed_saver wrote: »

Isn't there a limit when a share is stopped from trading if it falls below a certain amount in a day?

No.


Shares in a quoted company can be suspended for two reasons:

1. The company requests suspension If a company is about to announce news of material significance to investors and it fears that a disorderly market may be created by a leak, it can ask the London SE to suspend trading in its shares until after the announcement.

The most common reason for this is that the company is about toparticipate in a bid for, or buy, another company. But there could be other reasons - for example if the company has unusually bad news (the MD has just fled to Brazil).

The Stock Exchange frowns on long, voluntary suspensions. It takes the view that investors should always be able to sell unwanted stock, even at very bad prices.

2. The Stock Exchange suspends trading - This usually heralds very bad news, although suspension can also be the Exchange's only effective sanction against a company which persists in breaking its rules.
Shares suspended by the Exchange find it hard to return to a full listing. Sometimes the company in question has gone bankrupt. In these circumstances, shareholders just have to grit their teeth and hope something emerges from the gloom.


ps - 263p now

MABLE

Buying the shares is a bit like trying to catch a falling knife.
Try catching it in the wrong place and it can be very painful.

[Deleted User]

News just in from one of my friends -

Apparently NR might go insolvent, the reason being the BOE will only lend support up to the secured assets of bank, this means that if the run on the bank continues it will go technically insolvent and the shareholders can lose everything.

As for the someone making the statement "NRK wont be allowed to fail". I find this laughable tbh, they will be backed but only up to a point and only by hard assets, BOE aint stupid.

LOST

even so, doesn't that make it a prime target for being taken over as the assets are backed by the properties that NR are providing mortgages on?

meaning, liquidation is highly unlikely...?

dippy

LOST wrote: »

even so, doesn't that make it a prime target for being taken over as the assets are backed by the properties that NR are providing mortgages on?

meaning, liquidation is highly unlikely...?

NRK already approached lloyds last week for a takeover but there are lots of rumours about why it didn't go through. From the BoE didn't allow it for monopolies/competition reasons, BoE didn't want the contagion of NRK to spread to a big name like lloyd's, BoE didn't want to extend the credit lifeline to lloyd's after the takeover, etc. But the BoE figures prominently in all those rumours.