Friday, September 14, 2007

Will they go under or is this a buying opportunity?

Northern Rock shares plunge 24%

Shares in one of the UK's largest mortgage lenders, Northern Rock, have fallen by 24% after the Bank of England decided to offer it emergency funding. But experts say it does not mean Northern Rock, which has £113bn in assets, is in danger of going bust.

Posted by Webmaster @ 09:42 AM (727 views)
Please complete the required fields.



6 thoughts on “Will they go under or is this a buying opportunity?

  • They bail out Barclays, they bail out Northern Rock. More non-tax-paying immigrants entering the UK claiming benefits and putting immense pressure on public services, the country is 1.3 billion pounds in debt and rising (bankrupt). This can only end one way.

    Reply
    Please complete the required fields.



  • are these assets debt?

    Reply
    Please complete the required fields.



  • Northern Rock “is unlikely to go bust”
    It depends what you mean by bust. If it was any other business the receivers would already be in. Sure the “assets” (houses upon which they have lent money) will appear to cover the liabilities to those they currently owe money to. But what are those assets really worth, and how accessible are they? Plenty of good businesses in the past have been declared unviable and had the plug pulled on them, by banks simply because they were experiencing a cash flow problem. But for them different rules apply. I don’t expect Northern Rock to remain independent after the end of next week. If you are a shareholder it will to all intents and purposes have gone bust however the BBC describes it.

    Reply
    Please complete the required fields.



  • this will be a good time to buy shares in Northern Rock… maintain the shares you currently have

    Reply
    Please complete the required fields.



  • Scott…it’s worse than that, tis £1.3 TRILLION of consumer debt in the UK, and that figure is even a little old now!

    Reply
    Please complete the required fields.



  • Question was “is this a good time to buy?”

    I’m not going to but I would seriously not completely ignore this as a buying opportunity.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>