northern rock shares

[pistonbroke]

Friend of mine lost 30 grand overnight , he still flutters though , think its a habit with him like the horse race punters  

[JeffC]

ive checked it during today and it  hovered around 200 most day and think finished around 185  

[Lurksalot]

OK, so it seems like you all need to know the secret of share dealing so I shall reveal all.....

Buy when they are at the lowest price ...........

Sell when they are at the highest price ........

Piece of P**s really , don't know what all the fuss is about ..

TAXI  

[Vinny's Westie]

Radio 4 this morning and someone said they are now valued as 'junk' shares.

I think its best avoided as the Government are trying to woo the people back with guarantees for those who closed account between 13/9/7 and 19/9/7 that if they re-open accounts they will honour all the money.  Desperate measures to stave off a potential bigger problem, if you ask me.

[JeffC]

from the guardian

QUOTE

Without Monday's guarantee, only the first £2,000 of savings would be completely protected, with 90% of the next £33,000 covered, and nothing above that.

Yesterday Northern Rock's shares plunged 16% amid fears that the bank would be sold at a knock-down price.

Tom Rayner of Citigroup cut his target price for Northern Rock's shares to 150p following the government's announcement. He believes the bank could still be worth as much as 220p a share if a buyer emerged, but thinks this is unlikely. If the bank is wound-down in an orderly fashion, investors could get around 130p a share, he calculated.

In the worst-case scenario, where savers withdraw all their deposits and Northern Rock has to rely on the Bank of England for expensive emergency funding on a long-term basis, the shares would be worth just 6p.

"This is clearly an aggressive assumption and one that seems highly unlikely to play out, but we believe it provides a useful base valuation," said Mr Rayner.

[david.c]

Does that mean I won't have to pay my mortgage off          

David