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Original poster

Northern Rock - what would you do??

16 replies

Boogalooblue · 23/09/2007 10:00

My DH has said that for my 40th he will give me £1000, I am tempted to buy shares in Northern Rock in the hope that share price will rise and I will be able to make a bit of money .

Anyone think it is a good idea and if not what would you do with the money?

OP posts:
BeetrootBevan · 23/09/2007 10:01

yes

Original poster
Boogalooblue · 23/09/2007 10:04

Shares are 194p at the moment and 12 month high was 1258 - surely a profit to be made??

OP posts:
BBBee · 23/09/2007 10:10

be quick though

JodieG1 · 23/09/2007 10:11

Yes, my dad bought some and dh was told by work accountants to buy as many as possible too.

NannyL · 23/09/2007 10:17

ofcourse its a gamble, but imo its a gamble worth taking!

Original poster
Boogalooblue · 23/09/2007 10:18

Thanks guys, seems like a no brainer but I am a chicken , will phone the bank and see if they can do it for me

OP posts:
TheBlonde · 23/09/2007 10:31

telegraph article Hedge funds plot Northern Rock raid
"Three of the world's most powerful hedge funds are plotting a break-up of Northern Rock that could generate profits of hundreds of millions of pounds from the stricken mortgage bank ? but leave shareholders with virtually nothing."

Not sure that I'd gamble a grand on it...

LIZS · 23/09/2007 10:35

agree with the Blonde. If they are taken over you may not get much back in addition.

Original poster
Boogalooblue · 23/09/2007 14:20

Argghh I am really not good at this gambling lark , I want to earn some money and this seemed like a good idea but would be gutted if I lost it instead, will just enjoy the grand instead, and no doubt watch the share price soar

OP posts:
Cammelia · 23/09/2007 14:21

I wouldn't personally

WideWebWitch · 23/09/2007 14:22

I think it's a v good idea. NRock are not insolvent. If I had cash lying aobut I'd do it. They're v likely to be taken over by another large bank and the price will go up imo.

WideWebWitch · 23/09/2007 14:23

It's always a risk. If you want a no risk at all option do something else with the money.

saggarmakersbottomknocker · 23/09/2007 14:24

If I had the money I might buy some. In fact I didn't realise they were that low...... I might scrape together a few quid.

Helennn · 23/09/2007 15:26

Opinions on bulletin boards are quite polarised at the moment about whether it would be a good idea to buy NRK shares right now, people have said, "I think the other banks will wait as long as possible to ensure NRK is dead, before applying a "Mercy killing". Who knows what the SP will be by then, some reckon as low as 6p", as well as, "The NRK loan book is only valued at 1.80 p/share anyway so any potential buyer is not going to pay much of a premium on that figure. Ordinary investors should steer well clear of NRK. Amazing how greed can blind people to the realities of a situation!", this by a seasoned share buyer.

Other opinions have been more favourable, but definitely risky. Do your own research before you spend your money!

Original poster
Boogalooblue · 23/09/2007 16:02

Thanks very much again, am so cautious that i won't I cant really afford to lose money, have just bought two beds for just over £1k!!

Yep seasoned share buyer is right, it is greed, but dont we all want a bit more than we have got?

OP posts:
LittleMinx · 24/09/2007 19:12

hubby and i bought £200 worth........ an amount we can afford to lose if worst comes to worst but could also make us a nice profit

I dont however think i would invest a grand

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