Northern Rock - Shares [Merged Threads]

Rhino666

Yant1 wrote: »

If you do research into the actual guarentee and not the spin you will find that the BOE will only ever back up to the assets

It's public knowledge that the BOE support was not enough to stop the GBP panicking, so HMG have guaranteed NR deposits and still people are queueing.

Like I said Yant1, NR will not be allowed to go under - there is too much at stake and public reaction has shown how these things can be blown completely out of proportion.

dealornodeal_3

Wig wrote: »

It was 10:47 when you wrote that....how did you buy them at that time? Are you even talking about NR shares?

Deal or NoDeal,
Well spotted, those words do look decidedly slimy. I wonder if the stock exchange has picked up on them. Or the customers withdrawing their loot.

Im still not convinced, but maybe we will never know. As its evident Darling and BOE are protecting their interests and credibility, in not allowing NR going to the wall. Thats my opinion anyway!

Flynn_2

dealornodeal wrote: »

Im still not convinced, but maybe we will never know. As its evident Darling and BOE are protecting their interests and credibility, in not allowing NR going to the wall. Thats my opinion anyway!

What do you mean, "protecting their interests" ? Don't you think it is also in the interests of the savers, the UK banking system, and the whole economy too?

This site seems to attract a lot of people who can't manage their money. Reading some of the bizarre comments over the last few days that doesn't surprise me at all. :rolleyes:

Gorgeous_George

If the Government is guaranteeing all of the money in NR, that makes NR the safest place for your money. Not sure how you would claim your money if the worst happened. I'll just keep mine in my mortgage pig for now.



GG

kennyboy66_2

Nicky321 wrote: »

My husband today asked me to find out about Northern Rock Shares. We have £100 extra left and he was thinking if it was worth investing it into NR Shares. If we make we make, if we lose, then ok we lose £100 but its not the end of the world.
Im not sure how we go about finding out how much each share would cost at this moment in time or how to purchase shares. Do you think its a daft idea?

Investing such a small amount in one share is a complete waste of time and money. You will lose a large % in dealing costs and the share spread.

SHAGGY84

I wish i would have gambled now and bought some shares when they dropped to £2.57 they are now up 24hrs later with a 25% increase not bad in 24 hrs and even more to come i think :T

dougs

SHAGGY84 wrote: »

I wish i would have gambled now and bought some shares

hindsight, 'tis a wondrous thing but beyond the reach of mere mortals

Nicky321

kennyboy66 wrote: »

Investing such a small amount in one share is a complete waste of time and money. You will lose a large % in dealing costs and the share spread.

So if I had the money what would you suggest? im new to this shares thing

dealornodeal_3

Flynn wrote: »

What do you mean, "protecting their interests" ? Don't you think it is also in the interests of the savers, the UK banking system, and the whole economy too?

This site seems to attract a lot of people who can't manage their money. Reading some of the bizarre comments over the last few days that doesn't surprise me at all. :rolleyes:

Well, the same can be said about the Ex Chancellor and his borrowing, and running the Economy on Debt! Or rather "Fuelling Debt":rolleyes:

dealornodeal_3

Inflation is economic cancer. Once it eats its way into the system is destroys savings and the standard of living. The BOE are only thinking short-term here about liquidity and avoiding a credit crunch but they should be thinking long-term.

What particularly worries me is that Gordon Brown hasn't once allowed the economy to cool in ten years. He has encouraged debt-fuelled growth, and the interest on those massive volumes of debt is a demand for money that doesn't already exist. Its just like a wage demand and creates a wave of inflationary pressure. Something has got to give here.