sharesin NorthernRock

[BoredBloke]

was it good buy or goodbye

[wendigo100]

I had a manager who bought about £10k's worth of M&S stock in 1999 (I think), when M&S were predicted to go tits-up. Bought 'em for about 50p each (I think, again). The f---ing financial genius! And I said he was mad...

I did the same thing with M&S, at about the same time.

At least, I thought I had, but the transaction went wrong or something and when I found out I never bothered to re-do it and stuck my money elsewhere.

I'd make a good financial adviser...

[FiveTimes]

I had a manager who bought about £10k's worth of M&S stock in 1999 (I think), when M&S were predicted to go tits-up. Bought 'em for about 50p each (I think, again). The f---ing financial genius! And I said he was mad...

I did a similar thing with Marconi, bought a shed load at 98p just after they had suspended trading..... I thought big company, good products, it can't go any lower.
We all know how that one finished...

Still some you win, some you loose

[Bluebird]

apparently all their contractors were through Prosperity4....

[Andy2]

I dont care about NR ,as long as cater allen is ok

[meridian]

I did a similar thing with Marconi, bought a shed load at 98p just after they had suspended trading..... I thought big company, good products, it can't go any lower.
We all know how that one finished...

Still some you win, some you loose

lose

Also, how do you buy shares after they've suspended trading???

[FiveTimes]

lose

Also, how do you buy shares after they've suspended trading???

The resumed the following day, that's when I bought... and they continued to fall....

[wendigo100]

I did a similar thing with Marconi, bought a shed load at 98p just after they had suspended trading..... I thought big company, good products, it can't go any lower.
We all know how that one finished...

Still some you win, some you loose

I used to work for Marconi, years before the troubles, but I still had a load of mates there with nice share options, you know, buy for a quid regardless of what the market price is.

Anyway, from a few quid, suddenly the shares were only worth 1p or something. Well pee'd off you are, isn't it.

Sorry, that's a hangover from the welsh thread.

[eliquant]

If Northern Rock go belly up will the mortgage debt be wiped or just tranferred to a buying company for the princely sum of one pound ?

[scooterscot]

I used to work for Marconi, years before the troubles, but I still had a load of mates there with nice share options, you know, buy for a quid regardless of what the market price is.

Anyway, from a few quid, suddenly the shares were only worth 1p or something. Well pee'd off you are, isn't it.

Sorry, that's a hangover from the welsh thread.

Me too. Were you ever at the NEC when Lord simpson gave all the graduates a £5 pound share and told us this would be worth £20+ in the years to come?

I got a 2p divi some years later and a share worth less than a sheet of loo paper.