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Northern Rock - Shares [Merged Threads]

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  • gt94sss2
    gt94sss2 Posts: 6,089 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The government has just promised to guarantee all existing deposits at Northern Rock.

    Regards
    Sunil
  • ashm1
    ashm1 Posts: 234 Forumite
    gt94sss2 wrote: »
    The government has just promised to guarantee all existing deposits at Northern Rock.

    Regards
    Sunil

    Ouch so the shareholders will lose everything ?
  • Wig
    Wig Posts: 14,139 Forumite
    Does this news mean the shares will bounce up tomorrow? I'd have thought so, should be a good time to buy if you can get in there fast enough.
  • IF the NR is safe as we are led to believe would any one out there buy their shrares, they are pretty cheap at the moment ?
  • thinking of buying £150 in northern rock, is it worth it.
    if i had known then what i know now
  • madkid88 wrote: »
    thinking of buying £150 in northern rock, is it worth it.

    It would need to move up by 25% just to cover the share dealing cost, dont be silly!
  • you would need to buy at least £1,000 worth of shares to minimise the cost of dealing and stamp duty.

    the price is 35% more attractive today than Friday but who knows which way it is going to go. the share price is made up of the companies assets and future profits. the market has marked down future profits as nrk's reputation has been badly damaged.

    its one of those shares you wouldn't put your shirt on.

    the banks are going to be busy over the next couple of months as people start spreading their cash around.
    "The Holy Writ of Gloucester Rugby Club demands: first, that the forwards shall win the ball; second, that the forwards shall keep the ball; and third, the backs shall buy the beer." - Doug Ibbotson
  • ashm1 wrote: »
    Ouch so the shareholders will lose everything ?
    Why do you say that?
  • Where can I buy a few shares?
  • gt94sss2 wrote: »
    The government has just promised to guarantee all existing deposits at Northern Rock.

    Regards
    Sunil


    Thats what I thought, but after being on housepricecrash.co.uk. He is playing with words

    Quote from a thread












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    Mr Darling said in a statement that “should it be necessary, we and the Bank of England will put in place arrangements that guarantee all the existing deposit arrangements”.


    "The existing deposit guarantee scheme protects part or all of the first £35,000 of an individual’s savings only"

    So no change there then? And the millionare was right to take out his million quid?
    http://www.ft.com/cms/s/2/39199b78-6489-11...00779fd2ac.html
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