Reply to: Northern Rock....

[Bagpuss]

lloyds wanted it when the shares were over double what they are now, someone will buy it for > £2 a share offer

[Pondlife]

Credit Suisse have been buying up alot of shares

LLoyds as well now I see

[Bagpuss]

Credit Suisse have been buying up alot of shares

[Pondlife]

Up almost 7.5% today already but still volatile.

[Bagpuss]

They won't drop to £1

1/ their loan book is worth at least £2 per share
2/ the fundamentals of the business are ok
3/ one of the respected hedge fund mangers is betting £50 million on a rally
4/ these things always get overdone in a panic, see sept 11th share prices
5/ they arent being slated on the TV all the time now
6/ they are starting to rally today

[wendigo100]

Indeed. Make sure you buy at least 26% of the shares, then you don't have to sell at £1.

threaded

[MrRobin]

For a bank to buy NR at £1 a share, 75% of the shareholders have to agree that that is an acceptable price and then that is what the value of your shares will be too.

Is this a trick question??

[b0redom]

OK, quick question. If I buy shares at say £1.50, and then one of the big banks come along and buys out the bank for say the equivilant of £1/share, what happens to the value of my shares?

[Bagpuss]

As a mortgagee you have nothing to fear

except the indemnity insurers

[TheFaQQer]

I'll be buying at £1 a share.

Never set your limits at round numbers. Buy at 1.01 instead.

[DimPrawn]

I'll be buying at £1 a share.

[Troll]

LloydsTSB & HBOS were rumoured to be offering £1 @share for a takeover - that might be the floor on the share price

[MrRobin]

Down 26% AGAIN today... Now at ~£1.90. Is a takeover imminent??

[BlasterBates]

As a mortgagee you have nothing to fear

[King Cnvt]

Just phoned me up and said I've got a Mortgage Offer of £459k !!!

Looks like they are still investing in risky debtors

Go for it boyo!

This time next year you'll be a millionaire!