bugsti

I wonder if NRK will been in existence by xmas.

Luminous

iTrader: (3)

The point about NRK is that they own lots of mortgages. Those mortgages will not be paid off by Christmas. Large amounts of them will be tied in products with a few years to run before people will/could jump ship.

Those loans are very valuable, especially if they were to be purchased at a discount by another company. I just cannot see NRK collapsing, being taken over yes, but I don't see a collapse. Mind you, do you really want to risk your money on what I think

wwp8

if they have lots of mortgages, wouldn't someone would think it would be profitable to takeover, and run it properly

billythekid

No because most customers of NRK on fixed rate will move to another lender once their fixed rate period runs out.

The Snug Rhino

no they wont - most will re-new with NR because switching is a hassle, complicated and in many cases impossible (esp if they got a high income multiple from NR in the first place)

David Lock

And I suspect their customer savings portfolio will gradually diminish which will mean they have to use more short term loans to fund mortgage business expansion and I doubt if they are flavour of the month in the city.

I'd put my money on a takeover with the new owners burying the name and merging into their existing business.

But I have to say that I know sod all about these things - about as much perhaps as the SN resident £1000 per day IFAs who were saying that the shares would just pop up again and what a great buy and what did us mere mortals know dl

billythekid

BUT, from what I understand no firm offer has yet to be made for the business.

Hence the fall from 180 to 130 in the last 2 days as the take over bids have dried up.

+Doc+

Agreed, but Im not off to the bookies

lozgti

So,flurry of excitement with this potential buyer.Shares shot up this morning....and have stayed at £1.50

Don't think any fortunes to be made here at all

Diesel

How true - bought in London with a very high income multiple (well how else do you get a 2 bed flat earning "only" 6 X £50k pa back then...). Totally screwed society! Glad it bit them on the **** (even though I am still with them, and hope they lose my file). My dad used to frown at people with cars on HP ffs - if you cant afford it, etc...

IF PEOPLE CANT SENSIBLY AFFORD A MORTGAGE THEN THEY SHOULDNT BE GIVEN THEM - THEN WATCH OUR ABSURD HOUSE PRICES DROP.

D

Petem95

NR shares are up 13% already today, this is on top of 11% or so rise yesterday.

They do look extremely cheap despite the recent troubles. Wouldn't be surprised to see them climb quite a bit higher. The NR name may have been tarnished, but it always amazes me how quickly the public forget things.

TopBanana

Citigroup have offered to finance a buyout

andy97

iTrader: (1)

I recently bought £5k worth of NR shares and are thinking of getting another load. I bought the shares with a medium to long term outlook, bearing in mind that if they did go under, I could take the hit. Speculate to accumulate

+Doc+

My sentiments also, bought £500 worth, not a great deal but "If" they see anything like the return before the crash I will be quids in. If not, no big deal.

billythekid

lots of movement today..

Petem95

They've taking off like a rocket today! Up 25% to almost 260p already

Been going up for the last few days - anyone would bought at 150p will probably more than trebble their money IMO

billythekid

Indeed, a few people will make a LOT of money today!

I bought a few but still need them to go up a bit more before I can break out the champagne (ok Asti) and blow my earnings on a pizza..

Simon C

1 of the lads here has 1500 shares.


I think I'll just about afford a pizza of my investment at teh mo.

pslewis

271p ......... come to daddy!!

Was a terrifying ride - but it's looking great now

billythekid

Dont hang on too long though, short selling at the moment. Although I think my F5 key will be worn out by the end of the day

STi wanna Subaru

iTrader: (1)

either way pete nobody believes you either way now, so you're only posting for yourself. Good luck to you if you're onto a nice earner

pslewis

That's quite an amazing trick you pulled there - speaking for 'everbody'

Could you list who 'everbody' is??

Good luck to you, too, though ... clean up

TopBanana

1. STi wanna Subaru
2. TopBanana

STi wanna Subaru

iTrader: (1)

everybody I presume you mean

I was elected spokesperson while you were banned

pslewis

Oh, I see ...... but shouldn't that be 'spokeswoman' - as I can believe you represent the old women on here

lordlucan

Hey Pete - welcome back...

I bought 4k at £3.05, should have waited really, and last week was going to sell my shares, glad I didnt. Looking like I may get my money back. Dipped in today for 2k at £2.35 and sold at £2.52.....
My other half is a money trader, even she said I was a prat and in for a rocky ride......

J

fast bloke

I bought eleventy squillion at 135 as well Pete.

[...wonder what two times eleventy squillion is called]

lozgti

Well I accept I haven't got a clue.

Still miffed thinking they would not have survived without the B of E and the Government, obviously petrified someone would see this economy for what it is.

Good luck to those who might make something.I still hope citibank pull out and the vultures get them.

TopBanana

"The market can stay irrational longer than you can stay solvent"
- Keynes