Northern Rock. Anyone still watching this

[AtW]

Thus showing your total and utter naivety about business issues.

The only way it can work otherwise if Govt uses taxpayer money to smooth the transaction - but they won't guarantee it for a long period of time, in fact according to the Guardian there is a set date - Feb 2008 by which the Crock will either be sold or wound down.

There was interesting information on BBC a few days ago - turns out 70% of repos come from subprime borrowers who in total account only for less than 10% of the market, so probability of default there is much higher than normally. The question here is whether the Crock has got more of those borrowers than on average, my guess would be that this is the case but noone can say for sure right now because people are only starting to come off cheap rates so defaults have not yet reached their peak.

I think 2009 will be the year when crap really hits the fan - Brown will regret he did not call election this year.

[sasguru]

This crock will be broken up - people are only now coming off their low interest rates fixed for first 2 years, so noone really knows how many people who took morgage from Northern Crock will default after paying full current rate - without knowing true risk profile and knowing that it is probably a lot worse than it seems now only crazy would take over this company.

Thus showing your total and utter naivety about business issues.

[AtW]

This crock will be broken up - people are only now coming off their low interest rates fixed for first 2 years, so noone really knows how many people who took morgage from Northern Crock will default after paying full current rate - without knowing true risk profile and knowing that it is probably a lot worse than it seems now only crazy would take over this company.

[MrRobin]

I've been watching for a while now... every day seems to go up or down 10-20% or so... extremely volatile. Today is pretty impressive.. I haven't been keeping up with any news tho... is is because of a takeover? Lots of shorters closing positions? ??

[Pondlife]

295.00 p
Trade Time: 12:00PM
Change: 88.25 (42.68%)
Prev Close: 206.75
Open: 220.00
Bid: 295.25
Ask: 295.50


WTF!!! Just me watching this I take it?

[Pondlife]

Last Trade: 255.00 p
Trade Time: 10:18AM
Change: 48.25 (23.34%)
Prev Close: 206.75
Open: 220.00
Bid: 254.50
Ask: 255.00


Bloody 'ell.

[milanbenes]

Hi,

Plan B Delivery 1 is ongoing, Plan B Delivery 2 is in design/development phase.

Can't complain.

However, we must never turn our backs on the .Net

All the best.

Milan.

[Pondlife]

ahh that's nice, seems like u da man in the .net arena with all the contacts

yeah, I always understood that when a broker said hold it was really a signal to sell

how's it going in the vallleeeeeeeees

Milan.

Tidy like. They're still building more f'ing apartments in the bay though. How's Plan B Part 2 coming along? Or are you still basking in the success of Part 1?

[milanbenes]

ahh that's nice, seems like u da man in the .net arena with all the contacts

yeah, I always understood that when a broker said hold it was really a signal to sell

how's it going in the vallleeeeeeeees

Milan.

[Pondlife]

Morning MB.

EN was pimping some new .net project and so I passed your name over as a bit of a wide boy in that arena.

All is going well at the mo. This NR is just a bit of a punt and I bought it a bit cheaper than it is now. I always thought that hold literally meant keep them (as opposed to buying or selling) but am happy to learn.

Hopefully if they do go up she can have another tier on the wedding cake

[milanbenes]

by the way,

I always understood that when brokers said: Sentiment: Hold

hold actually mean't sell !

Milan.

[milanbenes]

Hello Pondlife,

I replied to EN but he never replied, must have been something I said !

What's new ?

Careful with these shares that you don't get bitten.

Milan.

[Pondlife]

Back up to about £2.10 again.

Reckon they might actually survive now.

Sentiment: Hold