Richard Branson Buys Northern Rock

Marilyn


Joined: 29/08/2008
Posts: 52

Message Posted:
19/11/2011 09:52

I have been following the Northern Rock story since it was nationalised in 2008, as I am one of the unlucky people who had bought some shares. Luckily only a small number. Leslie Hardy has analysed the deal and filmed a video at



http://www.wellestates.com/richard_branson_northern_rock.htm



I also notice that he is rebuilding the house on Necker after the fire so that his daughter Holly can get married there.

BIllie Boo


Joined: 21/09/2008
Posts: 25

Message Posted:
19/11/2011 10:45

I have a friend from Newcastle and he invested some savings in Northern Rock. His deposits were safe, but he also bought some shares. He has resigned himself to the complete loss for his shares.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
19/11/2011 16:05

Wish he would buy Cyprus.

Jeannie


Joined: 04/08/2009
Posts: 3283

Message Posted:
19/11/2011 16:08

Deniz - and, of course, he could (probably with his loose change)

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
19/11/2011 21:35

He might be able to sort everything out if he did. That would put a rocket up everyone.

loulou



Joined: 14/05/2008
Posts: 785

Message Posted:
20/11/2011 07:31

Branson might have bought Northern Rock but a cost of 400 million pounds to the tax payer

BIllie Boo


Joined: 21/09/2008
Posts: 25

Message Posted:
20/11/2011 10:50

Sir Richard could buy the whole of TRNC for £747m, including the politicians and lawyers.

The question would then be whether the TRNC should be placed in the Good Bank of sweet smelling assets or the Bad Bank of Toxic Assets, which remains the responsibility of the UK taxpayer.

Riddles


Joined: 26/04/2011
Posts: 429

Message Posted:
21/11/2011 00:10

Blackpool's a good place to buy northern rock!

LaptaMike


Joined: 07/10/2009
Posts: 1679

Message Posted:
21/11/2011 00:17

;-) Riddles. Better than the Turkish Delight here, got some from Lemar a couple of years back as a present for a mate and it pulled his filling out ;-)



To get to the original post, the UK gov was always going to make a loss on the sale (in my opinion), at least the gov have sold it before no one wanted it.