Northern Rock - Shares [Merged Threads]

[Deleted User]

there is panic re shares too this morning. Price at the moment is 294-297 and many buys going through are not automatic so the public are getting out

[Deleted User]

the previous bid-offer prices were down to auction ie erratic

seems to have steadied a bit now at 306-308

Calchas

alared wrote: »

You will be glad your monies tied up in an ISA.
These shares will bomb again on Monday probably by another third!

I wouldn't mind having a look at your crystal ball sometime!

:T

dippy

Calchas wrote: »

I wouldn't mind having a look at your crystal ball sometime!

:T

Northern rock now 317p (although delayed) -27% on bloomberg.

How much did the OP buy at and how much has he now lost?

[Deleted User]

I could say I told you so, but well...

I hope you didnt lose too much. Sorry for those that pumped their life savings in, one guy on a investment forum said he pumped in 30K, another guy 45K.



Gambling is not investing, learn from it.

obsessed_saver

alared wrote: »

You will be glad your monies tied up in an ISA.
These shares will bomb again on Monday probably by another third!

Looks like you're right.

How low can it go?

dippy

There's a saying in share investing, "don't try to catch falling knives". We all know what happens if you try to grab a falling knife, especially if it has been falling from way high above.

joannemi

I am new to all of this so please bear with me...I have just had my share certificate through from my share save option at Sage UK Ltd. I was thinking of selling the shares I have and buying Norther Rock shares. Should I keep my Sage shares or buy Northern Rock shares?? Long term which do you think will generate me the most profitable return? I have about £2.5k

dippy

From bloomberg:

http://www.bloomberg.com/apps/news?pid=20601087&sid=avrOgElXKYSA

"Sept. 17 (Bloomberg) -- Northern Rock Plc, the U.K. mortgage lender bailed out by the Bank of England last week, tumbled to a seven-year low in London trading after customers lined up at branches across the country to withdraw their savings.
Shares of Newcastle-based Northern Rock fell 34 percent to 290 pence as of 8:10 a.m. in London, leaving the fourth-largest U.K. mortgage company with a market value of 1.2 billion pounds ($2.4 billion). JPMorgan Chase & Co. analysts cut their price target to 370 pence today. Merrill Lynch & Co. halved its earnings estimate for 2007 and said future profit is ``little more than guesswork.'' Both said the bank may be split up or acquired."

Browntrout_2

No matter how far a share falls, if the business fails, the shareholders are the first to suffer and you can still lose 100%.

The sound of discarded barge poles is deafening....