Northern Rock - Shares [Merged Threads]

roswell

Have they suspended trading ?

roswell

Looks like halifax share dealing has died

digitaltoast

roswell wrote: »

Have they suspended trading ?

I can't see anywhere that they have. I saw that it was briefly suspended on Monday.

[Deleted User]

I dont think trade has suspended, as i cant find it and its not in the news service i have installed. It would make sense to suspend trade and get a try and get a good take over bid for the shareholders if not just to wait 6 months and hope things calm down, then re-enlist.

HBOS sharedealer is indeed currently not working, which is a shame as i was going to buy a+L shares lol.

HBOS made a 100p and lloyds a 200p bid for the troubled bank.

isofa

They are still trading at the moment, currently at: 273.59 at 10:40am according to the FT...

dealornodeal_3

steve-o wrote: »

Well, I've been reading all your comments now for the past few days and I'm getting itchy feet!!!

I was planning a joint NRK and AL investment, but it looks like I've missed the AL boat!!! They bottomed at 600 yesterday and have risen to the mid 700's now, gutted!

Does anyone have any advice for me as someone wanting to spread their risk across a couple of stakes?

I've got a couple of grand I could afford to take a punt on over a medium term (2 years or so). I'm getting ready to do it tomorrow or Thursday, does anyone have any advice for me on the NRK, AL and possibly B&B???

Cheers guys.
Steve.

Quote


[SIZE=-1]LONDON (Reuters) - Shares in embattled bank Northern Rock (LSE: NRK.L - news) tumbled on Wednesday, losing early gains as stake sales from two investors reignited concerns over the bank's future and talk of heavily discounted takeover bids.
At 10:13 a.m., the bank's shares were down 16 percent at 257 pence, making it the top FTSE loser. It earlier touched an order book high of 335 pence.
"There is uncertainty over the future of Northern Rock. There is no clear cut direction," a trader said. "Obviously, the big shareholders are dumping their stake. It does clearly illustrate that in the short term there is no immediate takeover possibility."
Investors Baillie Gifford and Lloyds TSB have both cut their stakes in the bank, according to regulatory filings.
Traders also cited speculation of cut-price bids for Northern Rock from mortgage bank HBOS (LSE: HBOS.L - news) , at 100 pence a share, and from Lloyds TSB at 200 pence a share.
Lloyds declined to comment and HBOS was not immediately available for comment.
[/SIZE]


I think that answers the Question Steve?

steve-o_3

Hang on so if they're offering £2 a share in a takeover, would that mean its not worth a punt unless they drop below this figure?

Very new to shares so excuse my ignorance.

Also I assume that if I wanted to buy now I couldn't anyway cos its been suspended?

If anyone wants to offer me any advice via PM I would appreciate it as I don't know what to do and could do with knowing some more.

Cheers.

[Deleted User]

Maybe HBOS and lloyds should split NRs loan book between them.

Rhino666

roswell wrote: »

Iv got a buy at 99 setup for the next 30 days since monday For the others on here I hope im wrong but it was worth the punt if they go that low.

Just make sure you get a flake with that Roswell :-)

[Deleted User]

if you have sky then go to channel 502 where you will see any news on nrk.

I get instant prices because I have live feed (not sky)

nrk are very dangerous to be holding unless you can afford to lose much of your money. I sold mine this morning after buying just under £3 yesterday. I thought they might go up to £4 but could see the sellers piling in. I made about £200 but this was a gamble not a considered buy. Sometimes it is important to cut losses and dive out

every time it goes up to a point when they were bought, the same buyers become sellers breathing a sigh of relief that they have got their money back. Thats why it`ll be a very bumpy ride and the risk/reward will be far too big for most people