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Nr: Tears Before Bedtime

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http://uk.messages.finance.yahoo.com/Finan...KF-Stocks-NRK.L

All was doom and gloom a few weeks ago. Now the NR investors are very bullish and are predicting a return £12 a share and even higher. Oh how little they know.

NRK truly is the "poster boy" for the death of this boom, including the slow attritional defeat of those in denial.

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The same game is being played with the Northern Rock valuation as the one with house prices in general.

Huge amounts of spin, huge amounts of debt and huge numbers of dumb people being lulled into buying it. The hedge funds that have dived in on the long side, well they are just gambling that NRK is too big to fail mind you it doesn;t stop them making open please for their positions to be saved by all and sundry (via BOE/govt bailouts).

A poster child indeed for this bubble.

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Also Bransons plan is to merge NRK with Virgin money. Then rebrand the company under whatever name he see's fit, it seems "Virgin Rock" is a favourite.

However such a merger is great for shareholder because the company will all of a sudden have new hope and possibilities and the share price will rocket.

Also with a Virgin takeover, ala Virgin Rock or whatever it would be called would no longer need to borrow money from the BoE. Already major banks are confirming that in a Virgin takeover they would lend money to Virgin at much better rates than the BoE.

So with a takeover the bank would no longer need to borrow at higher rates from the BoE.

SHARE PRICE ROCKETS!! BUY HOLD BUY HOLD BUY HOLD!!!

Oh the humanity :blink:

Hi

Even Richard Branson said himself "its upto shareholders to decide"

Source:-

http://news.bbc.co.uk/1/hi/business/defa...

Now the big shareholders are not going to accept a deal that makes their shares worthless, they may drop in value but once NRK is re-branded our shares will rocket surely.

If the shareholders reject it, will the BoE come in a force a sale?

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Guest grumpy-old-man
they clearly don't realise that under the virgin deal nrk shares will cease to exist

that will serve the greedy fookers right imo, this will be the amateur btl crew diversifying their portfolio. :rolleyes::D

I can just hear them down the pub "we also own 2 flats apartments ( as well as the 5 bed detached & room for a pony ala bucket stylee) & we have shares in a bank as well now, this is for Kyle's private school tuition" said Aiisha Parker-Bowles. :lol:

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that will serve the greedy fookers right imo, this will be the amateur btl crew diversifying their portfolio. :rolleyes::D

I can just hear them down the pub "we also own 2 flats apartments ( as well as the 5 bed detached & room for a pony ala bucket stylee) & we have shares in a bank as well now, this is for Kyle's private school tuition" said Aiisha Parker-Bowles. :lol:

You can't lose with properdee and northern rock!

The mind boggles, they may even think that buy buying northern rock shares they will keep the price of their portfolios propped up!

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that will serve the greedy fookers right imo, this will be the amateur btl crew diversifying their portfolio. :rolleyes::D

I can just hear them down the pub "we also own 2 flats apartments ( as well as the 5 bed detached & room for a pony ala bucket stylee) & we have shares in a bank as well now, this is for Kyle's private school tuition" said Aiisha Parker-Bowles. :lol:

you cyinc you :lol:

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Branson has said publicly what his intentions are, has the funding, will expect the board to "fall on their swords" and will issue new shares.

Market cap. is only £1.1bn but Branson will need to repay approx £11bn to BoE, which means the shareholders won't get much of a say. I doubt the BoE will be too concerned about sacrificing £1bn of shareholders funds in order to get back £11bn of taxpayers cash. Treasury will want to secure as many jobs as possible and won't give a stuff about shareholders either imo. Can't understand why they seem to think they will get their £2.60 back let alone see their shares soaring. Total denial.

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Guest grumpy-old-man
You can't lose with properdee and northern rock!

The mind boggles, they may even think that buy buying northern rock shares they will keep the price of their portfolios propped up!

what's your personal opinion onlyme on NR ? do you think it could be tomorrow or is there life if the old dog yet ?

don't mean to put you on the line but I would value your view on this. :)

edited for the usual sh1te spelling. :rolleyes:

Edited by grumpy-old-man

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what's your personal opinion onlyme on NR ? do you think it could be tomorrow or is their life if the old dog yet ?

don't mean to put you on the line but I would value your view on this. :)

No idea, wouldn't touch it with a bargepole either way.

Seems to me to be an overtly political issue, almost nothing to do with a company that basically shouldn't be listed on the market any more, the business plan (if there ever was one outside of making as many loans as possible, regardless) is in shreds. It has brought the whole banking and financial control system into disrepute and the shareholder base seems to costs of sharks swimming around it in different directions with a load of private investors sunning themselves on the foredeck persuading themselves that it is nice and sunny despite the obvious gales and torrents of rain.

I don't think logic and analysis has any bearing on the timescales/sequence of events. The realities have already gone beyond parody. A management team that won't budge, sherry magnates, people talking about rescuing a £100bn loan book which had been experienced huge growth right at the precipice point of the market as if £100bn was just a big number, it isn't big, it's huge, tiny fractional losses would wipe out all but the biggest going concerns around. Then we have the BOE shifting from moral hazard to bankrolling a lender still dishing out 125% crud.

The whole situation is insane.

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Guest grumpy-old-man
No idea, wouldn't touch it with a bargepole either way.

Seems to me to be an overtly political issue, almost nothing to do with a company that basically shouldn't be listed on the market any more, the business plan (if there ever was one outside of making as many loans as possible, regardless) is in shreds. It has brought the whole banking and financial control system into disrepute and the shareholder base seems to costs of sharks swimming around it in different directions with a load of private investors sunning themselves on the foredeck persuading themselves that it is nice and sunny despite the obvious gales and torrents of rain.

I don't think logic and analysis has any bearing on the timescales/sequence of events. The realities have already gone beyond parody. A management team that won't budge, sherry magnates, people talking about rescuing a £100bn loan book which had been experienced huge growth right at the precipice point of the market as if £100bn was just a big number, it isn't big, it's huge, tiny fractional losses would wipe out all but the biggest going concerns around. Then we have the BOE shifting from moral hazard to bankrolling a lender still dishing out 125% crud.

The whole situation is insane.

thanks for that. :D

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