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Northern Rock Shares Tanking

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That's not hugely surprising, hasn't northern rock's share price been way in excess of any current earnings and supported by the expectations of continued rapid growth? Whatever happens at a market level they're almost certain to start losing market share rather than carry on gaining it, I'm amazed its lasted this well for this long.

A big surprised by Savills though, especially with their weighting towards the top end of the market.

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12 month low is 621. So will need to stick above that, but doesn't look likely.

After that next support is 533.

Wonder how solvent they are? Wonder how many other people are saying the same?

They're looking odds on to be the first bail-out.

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12 month low is 621. So will need to stick above that, but doesn't look likely.

After that next support is 533.

Wonder how solvent they are? Wonder how many other people are saying the same?

They're looking odds on to be the first bail-out.

Bail out by who and why? If their business model crashes completely and they have to go into run-off and all investors lose everything how is that going to damage the economy? People have speculated on the northern rock business model being superior to traditional banks and them being able to grow their market share, now they're not they've speculated wrong and will lose. Why on earth would that get a bail out :huh:

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Bail out by who and why? If their business model crashes completely and they have to go into run-off and all investors lose everything how is that going to damage the economy? People have speculated on the northern rock business model being superior to traditional banks and them being able to grow their market share, now they're not they've speculated wrong and will lose. Why on earth would that get a bail out :huh:

I meant another player will either buy-up their shares or their loan book/part thereof. I didn't mean "bail-out" in terms of public cash. Depends how dire their straights are I guess.

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