Monday, Nov 19, 2007
Northern Rock hits new low
Times Online: Northern Rock plunges after 'cut-price' bids
Shares in Northern Rock plunged 16.2 per cent to an all-time low today after the beleaguered mortgage lender admitted that the proposals it received last Friday to rescue the heavily indebted business were "materially below" its market value.
Posted by peter @ 10:49 AM (369 views) Add Comment
4 Comments
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1. Refusetobuy said...
So funny.
"What? No deal. Our shares are worth much more than that"
Now they're not
2. Fi Trader said...
i wouldnt even pay 1 pound... i need to get PAID to buy it ...
why buy LIABILITIES and WORTHLESS ASSETS ??
3. Icarus said...
NR's value has fallen to £467.9 million. If it falls a bit more it will be in Applegarth's price range.
4. george monsoon said...
Is the company obliged to publish this kind of information?
Surely by issuing a statement of this kind they must know what will happen to the shareprice?
Sounds fishy to me.. can anyone elaborate?