Monday, November 26, 2007

Beggars can’t be choosers

Virgin's Rock bid 'to be blocked'

A main investor in troubled lender Northern Rock says that it will block a bid for the bank from Richard Branson's Virgin Group because it is too low.

Posted by george monsoon @ 04:05 PM (1467 views)
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12 thoughts on “Beggars can’t be choosers

  • Rab Capital, as far as know has just jumped on these shares. It’s all gone tits up and now he’s moaning that AN offer isn’t good enough ! As far as I can see he’s lucky that the shares he “speculatively acquired” are worth anything at all…..Unbelievable !

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  • All that remains is for RAB to insist on huge profits, which the government will have to pay, otherwise NR will collapse meaning ALL tax payers money is lost.

    It’s a game of chicken!

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  • Oh dear. The BBC yesterday said that “Virgin snaps up Northern Rock”.

    They are such muppets.

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  • NR will be nationalised. This has been the game plan since September.

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  • Daft Boy – nationalisation is the government’s worst nightmare – it would make them responsible for sacking employees ‘oop north’ in order to cut costs, or leave them with a permanent ‘kick me’ sign on their backs for when they go into the next election. They want rid of it asap.

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  • Shows ‘New labours’ business acumen.

    Del boy could flog it.

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  • The shares are worthless. Why not cause trouble and try to inlfate offers? What have RAB got to lose?

    I cant see that anything else is a sensible course of action for shareholders.

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  • The Virgin boys are cute, NR will be theirs by the weekend.

    Good luck to them.

    Nobody else was willing to make this kind of offer, hence the massive share price increase today!!!

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  • the northerner living in oz says:

    If the Virgin offer is true

    Then the northern rocks share holder should accept the offer.
    it is not an ideal offer but beggers can not be choosers

    a few pence per share is better then nothing

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  • How sweet that vampires like RAB Capital might lose out big time in this deal. The whole venture capital etc business needs a good kicking, the and their ilk have had it too good for too long and it’s about time they got their fingers burnt. May excrement rain down on the lot of them for a few years.

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  • interesting to note though that the hedge funds that have been making so much money providing credit for the mortgage market are now making money by shorting house prices. As I understand it this will exaggerate the problem many times.

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  • I can’t understand what the shareholders are complaining about, it looks like a great offer for them, far better than I would have expected – I’m even thinking about buying some shares if the offer looks like being serious.

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