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Northern Rock (NRK)     

irlee57 - 13 Aug 2007 09:03

any comments, thoughts, on this stock.

Big Al - 18 Sep 2007 18:23 - 159 of 1029

hewittalan6 - re post 140

I'm afraid you are completely wrong and talking rubbish.

I live in Scotland and have put offers in without a survey or a mortgage in place. You simply put in the proviso that the offer is "subject to survey". Surveys are however useful in order to gauge what your bid might be. ;-)))

I would far rather work under the Scottish system. If you understand the market you can position yourself perfectly to acquire the property you are shooting for and it does not magnify any price boom.

cynic - 18 Sep 2007 18:36 - 160 of 1029

peeps will deposit with NRK because they are offering, i think, something like 6.9% and of course it is underwritten ..... they're not dumb at all

maddoctor - 18 Sep 2007 18:43 - 161 of 1029

NEW accounts not covered and whether putting your money back is called an established account i do not know

Dil - 18 Sep 2007 18:50 - 162 of 1029

500p here wecome

cynic - 18 Sep 2007 18:54 - 163 of 1029

i think BoE would be hard pressed not to makew good to anyone who makes a deposit even today, should worst came to the worst - which now sounds unlikely anyway

Dil - 18 Sep 2007 19:00 - 164 of 1029

ok 600p by xmas :-)

maddoctor - 18 Sep 2007 19:01 - 165 of 1029

you need to join lex1000 on the pet thread :-)))

Dil - 18 Sep 2007 19:05 - 166 of 1029

lol I aint that nuts

Just trying to balance the threads negative views with a more optimistic one.

Resistance at 650p :-)

maddoctor - 18 Sep 2007 19:07 - 167 of 1029

given me a laugh anyway :-))

Dil - 18 Sep 2007 19:19 - 168 of 1029

Theres too much doom and gloom , the government has made it clear it has no intention of letting it go under and there is no reason why the current management can't sell out to a bigger bank with access to lower rate funds who could run their book at a profit.

DYOR , shares can go up as well as down.

Fill yer boots.

cynic - 18 Sep 2007 19:29 - 169 of 1029

damn fool if you do! ..... investors may be protected but the shareholders, quite rightly, are not ...... how much is NRK worth? ..... prob <300 is my guess, and it is no more than that

Falcothou - 18 Sep 2007 19:33 - 170 of 1029

Fed has cut by 50 points

maddoctor - 18 Sep 2007 20:02 - 171 of 1029

330p at the open

maddoctor - 18 Sep 2007 20:05 - 172 of 1029

.

Dil - 18 Sep 2007 23:42 - 173 of 1029

1000p by xmas :-)

seawallwalker - 19 Sep 2007 06:43 - 174 of 1029

Here is the first spanner.

Northern Rock set to draw upon Bank of England lifeline

Dil - 19 Sep 2007 08:04 - 175 of 1029

Already priced in seawalker.

cynic - 19 Sep 2007 08:31 - 176 of 1029

stay out if you don't already hold ..... NRK may not be going to zero, but if you think someone is going to pay significantly over the odds (current price or more) then you could be in for another nasty shock .... meanwhile, there will be heavy bear covering i expect

seawallwalker - 19 Sep 2007 08:45 - 177 of 1029

Yes Dil, I was aware.......... poor choice of words

Kayak - 19 Sep 2007 09:02 - 178 of 1029

Short here, really can't see it.
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